420 with CNW — Important Lessons to Learn from 4/20 Marijuana Sales Data

Cannabis lovers in the United States celebrated 4/20, a stoner’s holiday held on April 20 every year, almost a week ago. According to Headset, a marijuana data analytics firm based in Seattle, April 20 is the single largest sales day in the country each year since the legal sale of recreational cannabis began.

The data released by the firm shows that the proportion of sales that takes place on 4/20 increases year over year, except for last year. This can be attributed to the fact that April 20 last year fell on a Monday, which generally tends to have lower sales. Additionally, the decline in sales was likely affected by the coronavirus outbreak and consumers’ unwillingness to meet at in-store events.

Analysis conducted by the firm also shows that while sales in the 4/20 week were among the 10 top weeks of the year with regard to revenue, sales for the week before the holiday were often below average, with sales for the week after the holiday even worse. Given that many companies give discounts during the week of 4/20, it’s no surprise that this happens.

The company also looked at the combined sales of Washington D.C., Nevada, Colorado and California for 2018 and discovered that the week after the stoner’s holiday was the worst revenue week that year. Sales data also revealed that 4/20 celebrations made up most of consumer spending in the summer.

Additionally, the analysis found that in 2020, the sales for adult-use cannabis for the week of April 20 continued growing, despite the coronavirus pandemic. Data shows that the combined sales for the states of Nevada, Colorado and California, along with Washington DC, reached almost $159 million in that week alone, which is equal to a 24% increase, based on data from the previous year.

Despite this though, it’s hard to say whether this increase is normal, given that 2019’s April 20 week experienced a 42% year over year growth.

The high rates of unemployment, consumers’ hesitancy to buy products in-store, and the restrictions imposed as a result of the coronavirus pandemic last year may have also stunted sales during 4/20. For the first time in three years, revenue for the week of April 20 didn’t appear in the top 10, instead, occupying 40th place. However, retail sales increased in the following weeks, as consumers spent more between the months of August and December.

Cannabis executives are hopeful that vaccine rollouts will enable the industry to return to normal soon, and sector players such as Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) would certainly appreciate having one less issue to deal with.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Tips for Getting a Cannabis Business Ready for GMP Certification

With the Democrats currently holding the Senate, House and White House, advocates have their hopes high that the federal government will legalize cannabis. If that were to happen, businesses in the cannabis space would have to deal with a myriad of regulations that legal businesses in other industries have been dealing with all along.

For instance, if the federal government legalizes cannabis and allows national and global sales, companies in the space will have to adhere to Global Manufacturing Practices (“GMP”). GMP is a set of cleanliness and safety protocols that manufacturers of consumer packaged goods are required to follow.

GMP certification can be quite expensive, with companies spending up to six figures to ensure their production facilities are compliant and to hire a certifying firm to confirm that the company is actually adhering to GMP requirements. According to Summer LaForce, director of Woodburn, Oregon-based hemp extraction company FSOil, cannabis and hemp firms looking for opportunities in the mainstream market will need this certification despite the hefty price tag. Depending on the kind of products sold, authorities will maintain different sets of GMP.

The first thing a cannabis business should determine is if the products they make could be categorized as food, cosmetics, dietary supplements or even pharmaceuticals. If the marijuana or hemp operation doesn’t involve any extraction or production of finished goods, owners should look at Good Agricultural and Collection Practices. These standards are set by the World Health Organization as well as the United Nations, and they cover everything from sanitation protocols to harvesting, drying and storing plants that are meant to be consumed by humans.

The entire process of getting a GMP certification is quite complicated, so owners should probably bring in an expert. The expert will examine the manufacturing and safety protocols that will need to be followed as well as ensure that all products are safe for human consumption. A few of the things an expert will check include the cleanliness and hygiene of manufacturing areas, ventilation and airflow, staff training protocols, and plans for recalling products deemed unsafe, among others.

Once the consultant has compiled a gap audit, which is looking for any gaps in the manufacturing procedures that should be fixed, the business can start working toward being GMP compliant. Note that a gap audit will cost a few thousand dollars. John Davis, chief technology officer for Entexs, says sometimes the cost can go as high as three times what companies project. However, he adds that it is ultimately the smart thing for most companies to do as more and more customers are getting curious about GMP requirements.

Companies such as Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), which are based in Canada, started manufacturing with federal legalization of cannabis already in place. That could mean they have fewer legal complexities to contend with than their U.S.-based multistate operators, which have different legal regimes governing them in every state in which they are licensed.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — New York Company Says Device Can Identify Drivers Impaired by Cannabis

As more states across the United States decriminalize or legalize recreational and medicinal cannabis, concerns about cannabis impairment have been floated, with some of the opinion that the plant’s legalization will bring about increased dangerous driving.

Various studies have been conducted on marijuana and driving while impaired. So far, it has been determined that knowing whether a driver’s ability has been impaired by cannabis is a distinctly different task than determining whether an individual has been driving with too much alcohol in their bloodstream. This is mainly because THC, which is the main active chemical in cannabis, can stay in an individual’s system for weeks. Its presence does not mean that the person recently consumed cannabis.

Cognivue, a company that was bought in 2018 by businessman Tom Golisano, is convinced that its computerized cognitive testing device may be a solution to this issue. The company, which was founded in 2005, designs and develops a proprietary cognitive assessment device that is largely used in medical settings. The device was the first device that measures cognitive impairment to be approved for use by the FDA.

According to company officials, a grant from the NIH’s National Eye Institute helped fund its initial research for the device, which was created after more than a decade of research. Cognivue’s clinical account manager Kristin Weber explained that the device had been clinically validated more than once, noting that the company’s objective is to become validated globally.

Company officials have already scheduled meetings with state legislators to notify them of the device, given that the process of testing its effectiveness is currently ongoing.

Last year, the firm tested the device in Philadelphia on 130 drug-impaired people and have scheduled a clinical test at the Green Lab in Denver, Colorado, in June of this year. Weber stated that the company chose Colorado because the state has had legalized marijuana longer than any other state in the country while the lab that was chosen happens to be the leading consultant for the marijuana industry.

Cognivue hopes that the tests prove the device’s reliability, which would allow law enforcement to begin using them as early as this year.  The device has been designed to eliminate biases, such as sociological and physical, that may come with cognitive testing. It tests various traits, including visual and mobile responses.

As intended, the police would need to transport an individual suspected of impairment to the station, before administering the cognitive test. Weber asserted that the company wanted to address public safety issues while also making sure that individuals who are using cannabis responsibly and legally are not punished.

As different jurisdictions consider ways to detect motorists who are driving while intoxicated by cannabis, lots of companies, such as Pac Roots Cannabis Corp. (CSE: PACR) OTCQB: PACRF) (FSE: 4XM), are investing a lot to develop products which will appeal to the most sophisticated of clients.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Legislators in Washington Hear Drug Decriminalization Bill After Supreme Court Ruling

Legislators in Washington state are weighing their options after a Supreme Court ruling annulled the state’s law that criminalizes drug possession.

Of the many initiatives that have been introduced in response to the court’s February decision, it appears that Senate Bill 5476 will most likely be advanced before the end of the legislative session on April 25. If the bill passes, it would represent a shift toward a public health approach to substance use and abuse and away from the punitive war on drugs.

Under the bill, the possession of “smaller” personal use amounts of controlled substances by individuals aged 21 and older will still be decriminalized. Individuals found with any substances in these amounts or less may be referred to treatment and evaluation but will not be subject to any civil or criminal penalties. This statute has been adopted from Oregon’s decriminalization law, which was approved by voters during the November elections.

However, any individuals found using or opening controlled substances in public will be subjected to a $125 civil fine, which will be used to help cover administrative costs resulting from the abrupt decriminalization of these substances in the state. Additionally, the legislation would reinstate criminal charges for adults found with more than the small amounts stipulated as personal use in the bill. While individuals under 21 who are convicted of possession may be charged with a gross misdemeanor, those above 21 found with amounts exceeding personal use may be subject to a Class C felony.

The sponsor of the bill, Sen. Manka Dhingra, stated at the Senate Ways and Means Committee hearing that the outcome of the state vs. Blake case was unexpected, noting that within hours after the ruling had been given, police departments across the state had reported that they would stop arrests for drug possession immediately. This was soon followed by prosecutors filing orders vacating past convictions and dropping ongoing cases.

Meanwhile, voters in the state appear to be supportive of decriminalization, judging from a statewide poll commissioned by advocates. Only 35% of those surveyed revealed that they would prefer to return to the past system while 59% stated that legislators should use the court’s ruling to replace past drug possession legislations with more efficacious addiction and treatment alternatives.

Additionally, the poll found that 73% of voters in the state thought that the state’s approach to problematic drug use was generally a  failure while 18% percent admitted to being unsure; only 9% referred to the state’s approach as a success.

As Washington state considers its proposed drug decriminalization bill, other jurisdictions are already registering success stories from the legalization of marijuana. Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) is one example of a success story that the cannabis sector in Canada is proud of.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Mexico Cannabis Legalization Bill Passed by Key Senate Committee, Floor Vote Expected This Month

The Justice Committee of the Senate in Mexico has voted to approve the amended cannabis legalization bill as referred to the upper House by the Chamber of Deputies. This approval means that the bill now has to be cleared by two more Senate committees before it is sent to the floor for a final vote. That final floor vote is expected to happen this month.

On Monday, the Justice Committee passed the bill with a 6 to 5 vote; the panel didn’t make any changes to the bill that was sent back to Senate after the lower legislative chamber made changes to the version passed by Senate in December. It is generally expected that the remaining two Senate panels will not make any changes to this current form of the bill either, regardless of the voices of advocates calling for some sections to be revised.

For example, advocates had wanted the proposed law to have a provision ring-fencing a certain percentage of licenses for communities that had been worst hit during the futile drug war. This wasn’t included in the bill sent to Senate. Advocates are also unhappy that people who would like to grow cannabis at home will have to register with the government.

However, the Chamber of Deputies did make some amendments to the bill before passing it. The lower legislative chamber opted to place control of the cannabis industry in the hands of an existing government agency instead of creating a new agency.

The Deputies also passed a change stipulating that land currently occupied by forests would not be allocated for the cultivation of marijuana. Of concern to advocates is the change increasing the penalties for marijuana-related crimes. Campaigners feel that those stringent penalties could undo the social justice benefits of legalizing cannabis.

While there are still some disagreements regarding the contents of the cannabis legalization bill, most lawmakers, such as Senator Eduardo R. Aguilar, who is a member of the party in power, remarked that it was crucial that marijuana is legalized now and any needed changes can be made later once a law is in place.

Aguilar’s position can be looked at from the context of the looming Supreme Court-imposed deadline giving the lawmakers up to the end of this month to pass legislation enabling the recreational use of marijuana. Earlier in 2018, the highest court in the country had declared the prohibition of recreational cannabis use as unconstitutional. Consequently, it tasked the legislators with making the needed policy changes; however, lawmakers kept asking for deadline extensions, and the current extension runs out at the end of this month.

As the legalization wave sweeps through different jurisdictions, cannabis sector players will have to identify a winning formula that will keep them afloat when the competition magnifies. For instance, Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) thinks its strength lies in leveraging top-notch genetics, and the Canadian company is pursuing that approach.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Marijuana Could Be Legally Available in Virginia This Summer

Democratic lawmakers in the General Assembly of Virginia are now in support of making recreational marijuana legal effective July 1, 2021, instead of having to wait until 2024 when a regulated market for the same is launched. This comes as Senate leaders push for an amendment to the law passed earlier in February stating that marijuana would only be legal in 2024 after the necessary mechanisms to regulate the market are established.

The provision to tie the legalization of marijuana to the date when licensed cannabis businesses can open was a major disappointment to marijuana advocates, and they made their views heard on this matter across the state. They were of the view that such a lengthy delay would only exacerbate the racial problems witnessed as marijuana laws are implemented by law enforcement agencies.

Such a continuation was, according to the campaigners, in stark contrast to the claims that the legalization law was intended to redress the disparities in enforcing laws within the state.

The bill that passed in February is now on the desk of Gov. Northam, and advocates are pleased that he has added his voice to those of the concerned groups that want the legalization date adjusted to this year rather than 2024.

While speaking to VPM News, Northam stated that he wasn’t in support of the continued arrest of members of society over a substance that is scheduled to be legalized anyway. He added that he had plans to present several amendments to the state legislature so that the needed changes to the bill could be made.

The legalization bill that the Senate sent to the Assembly had a provision indicating that the legal possession of marijuana, which didn’t exceed an ounce, could be legalized on July 1 this year, but the General Assembly struck out that provision saying that it could allow the black market operators to entrench themselves in the absence of licensed retailers of cannabis.

Now that the leadership in the House has changed its position on this provision, it is expected that the changes Gov. Northam hinted at will not meet any resistance. This comes after Chamiele Herring, the Majority Leader in the General Assembly, revealed that she was in support of moving the legalization date forward as long as plans were made to conduct public education and safety campaigns.

The governor now has until Wednesday to send his amendments to the legislature so that the House can consider those recommendations on April 7.

Marijuana companies that open shop in Virginia once legalization is implemented will most likely enjoy similar benefits enjoyed by those in other jurisdictions where marijuana is legal. A case in point is Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), which has managed to ensure profitability despite the stiff competition on the Canadian cannabis market. The company succeeds by specializing in high-end genetics that yield superior products.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Delaware Legislators Introduce Bill to Legalize Marijuana

States that have legalized cannabis have seen lots of benefits, including the creation of thousands of jobs and millions of dollars in tax revenue. On top of that, most states have also focused on social equity, expunging the records of people with prior nonviolent cannabis-related convictions and giving individuals affected by the failed war on drugs a leg up in their respective cannabis industries. That is what a bill recently introduced by Delaware lawmakers seeks to achieve, despite the fact that the state governor isn’t a fan of recreational marijuana.

The legislation would create a regulated cannabis market in the state, allowing adults 21 years and older to buy and possess up to an ounce of cannabis. However, unlike recreational cannabis legislation passed in other states, it would not provide an option for home cultivation. The bill would also require the appointment of a marijuana commissioner who would issue cannabis regulations and provide licenses to qualifying applicants. Additionally, it would bestow regulatory responsibilities to Homeland Security, the State Department of Safety, and the Division of Alcohol and Tobacco Enforcement.

Sponsored by Rep. Ed Osienski, the bill would also have a provision for the expungement of prior cannabis records, and it would create a business licensing category for communities disproportionately affected by the decades’ long war on drugs. This would include people living in areas that were adversely affected by prohibition, people convicted of a nonviolent cannabis offense, or the child of an individual with a prior cannabis-related conviction.

Social equity applicants would be granted access to a Social Equity Loan Fund, reduced fees, programs for technical assistance, an adjusted points scale, and the physical location requirement will be waived, says a press release from Osienski’s office. The legislation would allow industry regulators to approve up to 30 retail business licenses for the first 16 months, with applicants being scored based on a variety of factors, including whether or not they will pay their employees a living wage, provide health insurance and diversify their workforce.

The bill would also create a 15% sales tax, dubbed a marijuana control enforcement fee, that will be imposed at the point of sale. The tax revenue derived from cannabis sales would first be used to cover administrative costs and the legislature will then be tasked with apportioning additional funds. If the legislation is passed, the state could generate up to $43 million per year in revenue from a 20% excise tax, based on analysis by State Auditor Kathy McGuiness.

Bill sponsor Osienski believes establishing a cannabis industry in Delaware will strike a blow against the cannabis black market, create thousands of jobs for state residents and promote social equity for communities that were negatively affected by cannabis prohibition.

As the legislators in Delaware are discussing cannabis legalization, more established legal markets such as Canada have provides opportunity for companies to thrive. For example, Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) has carved out a name for itself as a company that uses only high-end marijuana strains to manufacture the best products aimed at the medical and recreational markets.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Legal Marijuana Deal Close as NY Lawmakers Discuss Impaired Driving

The legislature in New York State is close to finalizing an agreement on a draft law aimed at legalizing marijuana in the state, according to Andrea Stewart-Cousins, Majority Leader of the state senate. Stewart-Cousins revealed that a consensus, followed by a floor vote, was imminent once the lawmakers agree on the way safety and traffic stops will be handled when marijuana is legalized for recreational adult-use.

The current disagreement has to do with how people driving under the influence should be treated. Some say impaired driving should be regarded as a normal traffic infraction while others insist it should be categorized as a misdemeanor.

Speaking from a law enforcement point of view, Monroe Country DA Sandra Doorley, who is also president of the association bringing together all the district attorneys in the state, revealed that when a driver impaired by marijuana is regarded as having committed a traffic infraction, members of the public are likely to regard impaired driving as a minor infraction similar to getting a ticket for exceeding the speed limit. Doorley adds that such an attitude would be wrong, given that driving under the influence of marijuana has the potential to put visitors and state residents at risk.

In a sign that the lawmakers are certain that an agreement will be reached, the state Senate as well as the state Assembly both removed cannabis from the provisions of the budget proposals they are considering.

Previous attempts to legalize recreational marijuana have ended in failure after lawmakers failed to agree on a number of sticking points, including how the revenue generated from taxes on marijuana would be spent as well as issues to do with the expungement of past cannabis convictions and the leeway local authorities would have regarding whether to allow recreational marijuana businesses within their jurisdictions. Gov. Cuomo has wanted the state to have a significant say in how taxes from marijuana sales are spent while many lawmakers wanted the law to stipulate that a large chunk of marijuana taxes go to minority communities which bore the worst of the failed drug war.

Cuomo released a proposal in February adjusting his plans so that they are more aligned with the wishes of the lawmakers. This included making changes to his plan in order to allow licensed marijuana businesses to deliver recreational marijuana.

Pressure has been piling on the governor and legislators to pass a cannabis law after New Jersey legalized recreational cannabis through a ballot measure. It now seems that the time has come for Empire State residents to be granted access to legal recreational marijuana.

New York State lawmakers can get a glimpse of what’s to come by seeing what is happening in Canada where recreational cannabis was legalized more than two years ago. One company, Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF), went public last year, and it already has several agreements and partnerships in place giving the company access to hundreds of premium cannabis cultivars and several hundred acres of farmland. All these developments mean jobs, ready-to-consume products, taxes and investment opportunities for ordinary residents.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW — USDA Secretary Approves Final Hemp Rules Despite Industry Concerns

The new head of the U.S. Department of Agriculture recently gave final approval to a federal rule that established the regulations for the hemp industry, despite concerns from advocates about some provisions. Widely considered to be a supporter of the hemp industry, Agriculture Secretary Tom Vilsack approved the rule after a department review, which started during the presidential transition had been concluded. The rule will come into effect on March 22, 2021.

The head of the USDA Domestic Hemp Production Program Bill Richmond stated in an email to stake holders that the final rule had been under additional review by the department as part of the new administration’s transition. Richmond added that the rule would now advance as stipulated in the Federal Register, as it had received approval from Secretary Vilsack.

The Agricultural Marketing Service in the department also released a message stating that the USDA and other agencies had taken the opportunity to review pending and new regulatory actions as part of the new administration’s transition. The statement noted that the routine procedure was done to make sure that new programs as well as those that had already been established were resourced and structured appropriately and that the programs were implemented to best serve their stakeholders.

The USDA had released the rule earlier in January, which came nearly two years after hemp was federally legalized under the Farm Bill 2018. Stakeholders in the industry say that these regulations being approved represent a positive step forward that offer businesses needed guidance. However, they have also indicated some policies that they hope to amend as the crop’s market grows.

With Vilsack’s final seal of approval, the rules will not be subject to further revision ahead of their enactment date. However, stakeholders and advocates have indicated that they will continue to call for changes as the market matures.

The U.S. Hemp Roundtable’s general counsel Jonathan Miller stated that the organization was pleased to see the final regulations’ improvements over the provisional final rule, referring to amendments that the department had made after issuing its initial interim regulations. Miller noted that the regulations were much improved, adding that it was clear that the USDA had listened to hemp farmers as well as the industry and paid attention.

However, Miller also observed that there were a few issues that were still pending. Those issues include the Drug Enforcement Administration’s continued involvement in registering laboratories to test hemp. He mentioned that the group was hopeful that these issues could be resolved through legislation in Congress or discussions with the USDA.

Despite the somewhat unfriendly sector regulations, many companies are doing well in the hemp space in and outside the United States. An example is Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF), which has opted to protect its profit margins by carefully selecting the strains from which it manufactures its premium products for the Canadian and international markets.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Biden’s AG Nominee Reaffirms His Willingness to Respect States’ Cannabis Laws

The U.S. attorney general nominated by President Joe Biden stated in a written statement that the Department of Justice wouldn’t be using its resources to prosecute individuals who were in compliance with state cannabis laws.

Judge Merrick Garland explained that the government should focus on extensive criminal enterprises that do not comply with the state’s marijuana legalization laws rather than pursuing individuals who were complying with the local marijuana policies.

When asked about by Ranking Member Chuck Grassley how he would handle the federal-state cannabis policy conflict, Garlande remarked that it would not be best to utilize the department’s limited resources to pursue prosecutions of individuals who were abiding by the laws in states that have legalized cannabis and are effectively regulating it. Instead, he continued, the focus should be placed on ensuring that minors were prohibited from accessing marijuana and that no attempts were made by criminal enterprises to try and evade state laws.

Garland’s views on the matter correspond to policies known as the Cole memorandum, which was introduced under the Obama administration. The memorandum was, however, repealed by Jeff Sessions, former President Trump’s first attorney general, under the Trump administration.

When asked about whether he supported efforts to legalize or decriminalize marijuana, the attorney general nominee chose to give an answer that centered on the harms of the draconian policies in effect. Garland said in his statement that criminalizing the use of cannabis had contributed to the racial disparities in the criminal justice system and led to the mass incarceration of many individuals in the country. He added that this had made it even harder for millions of Americans to get employed, because of their criminal records for nonviolent offenses.

Marijuana policy reform advocates were pleased that the attorney general nominee gave his views about respecting state cannabis laws in writing.

NORML’s political director Justin Strekal stated in an interview that the responses Garland gave showed that he did not intend to impede the progress that had been made in the consumer access of marijuana or marijuana regulation. NORML is a not-for-profit organization that advocates for the reform of cannabis laws.

Garland was also asked about the role the Justice Department would play in the decriminalization, legalization and the recreational use of cannabis. He responded by stating that, first that, historically speaking, the Department of Justice had not assigned resources to be used to prosecute persons for simple possession of cannabis; he then reiterated his point on the department’s priorities.

Across the border, Canada-based Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) has entered a joint venture with Rock Creek Farms for the cultivation of top-rated CBD plants on a farm measuring 100 acres. A good harvest would increase the revenue of Pac Roots significantly.

NOTE TO INVESTORS: The latest news and updates relating to Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) are available in the company’s newsroom at http://cnw.fm/PACR

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
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Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.