CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Launches New HI-CUBES Brand into California Adult-Use Market

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp branded products company in the U.S., today announced the launch of its new HI-CUBES brand into the California adult-use market. According to the update, HI-CUBES is the most concentrated gummy product (“THC” by volume) available in the California market*, and its 100% whole plant, full-spectrum oil delivers cannabinoids, flavonoids and aromatic terpenes for a more dynamic high. “Following the launch of our PLUS CBDRelief brand this past February, we are excited to further expand our portfolio to ensure that consumers looking for all different types of experiences can turn to our brands for their cannabis needs,” Jake Heimark, co-founder and CEO of Plus Products, stated in the news release.

To view the full press release, visit http://cnw.fm/oc2T9

About PLUS

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA. For more information, visit the Company’s website at www.PlusProducts.com.

*According to internal market research.

NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://cnw.fm/PLUS

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Completion of Non-Dilutive Share Exchange Transaction, Share Structure Update

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp branded products company in the U.S., today announced the completion of a non-dilutive share exchange transaction (the “Transaction”), under which an existing Company shareholder exchanged 75,500 Common Shares for 15,100,000 newly created Class B Common Shares (the “Class B Subordinate Voting Shares”), on the basis of 200 Class B Subordinate Voting Shares for each Common Share. Per the update, the aggregate value of the exchanged Common Shares (CAD$0.7405 per share, representing an aggregate value of CAD$55,907.75) was equivalent to the aggregate value of the newly issued Class B Subordinate Voting Shares (CAD$0.0037025 per share, representing an aggregate value of CAD$55,907.75).  In aggregate, the 15,100,000 Class B Subordinate Voting Shares represent the same economic and voting rights as the 75,500 Common Shares for which they were exchanged. The Transaction will not adversely impact the economic or voting rights of current holders of Common Shares.

To view the full press release, visit http://cnw.fm/EHJh9

About PLUS

PLUS is a cannabis and hemp branded products company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA. For more information, visit the Company’s website at www.PlusProducts.com.

NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://cnw.fm/PLUS

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CBDNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Expands Wellness and Relief Portfolio with PLUS CBDRelief 1:1 Pomegranate

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp branded products company in the U.S., today announced the expansion of its recently launched wellness and relief brand, PLUS CBDRelief, with the introduction of a new Pomegranate 1:1 CBD to THC ratio product. According to the update, the new PLUS CBDRelief 1:1 Pomegranate gummy, with 5mg of THC and 5mg of CBD per serving, is made with real California pomegranates containing ellagitannins, unique antioxidants found in pomegranates that are associated with anti-inflammatory pathways.* “Last year we partnered with market structure research firm, HJ Rak & Associates, and found that when consumers used cannabis, over one-third of the time it was to address pain, stress or anxiety,” Jake Heimark, co-founder and CEO of Plus Products, stated in the news release. “We sought to satisfy this consumer need state by launching the PLUS CBDRelief line, which 80% of our California retail distribution network has picked up since its launch earlier this year. After what we believe was a successful rollout, we are excited to expand our wellness and relief portfolio with this new product introduction.”

To view the full press release, visit http://cnw.fm/1Um4n

About PLUS

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA. For more information, visit the Company’s website at www.PlusProducts.com.

*M Ghavipour, G Sotoudeh, E Tavakoli, K Mowla, J Hasanzadeh & Z Mazloom. 2016. Pomegranate extract alleviates disease activity and some blood biomarkers of inflammation and oxidative stress in Rheumatoid Arthritis patients. European Journal of Clinical Nutrition. Accessed June 24, 2020. Volume (71). https://www.nature.com/articles/ejcn2016151

NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://cnw.fm/PLPRF

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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420 with CNW – Montana Marijuana Legalization Activists Beat the Odds and Submit Needed Voter Signatures

The ongoing coronavirus pandemic has dealt the world a blow it will take years to recover from. The health crisis has stretched healthcare capabilities to the max, and experts say the U.S. economy is already in a recession. Drug reform initiatives have been majorly affected too, with states like New York and Missouri postponing their marijuana legalization initiatives to 2021 and beyond. Montana, however, seems to have weathered the storm after activists submitted the required voter signatures before the deadline.

The New Approach Montana campaign turned in more than 130,000 signatures to qualify two legalization initiatives for the November ballot. Although the coronavirus pandemic forced the activists to put their signature collection activities in pause, they relaunched their efforts in recent weeks and submitted their final petition on deadline day. The first initiative, a statutory measure to establish a regulated market for adults in the state, required about 25,000 valid signatures, and activists turned in about 52,000 signatures.

The second measure is a constitutional amendment backed by the New Approach Montana campaign stipulating that only those 21 and older can participate in the marijuana market. It required about 51,000 signatures and the campaign submitted about 80,000.

“This was the most innovative signature drive I’ve ever seen. The campaign used mailings, online ads, phone calls, and texting. Signature gatherers traveled all across the state collecting signatures every day while strictly adhering to internal health protocols,” says Matthew Schweich, deputy director of the Marijuana Policy Project, which helped coordinate the signature collection efforts.

According to New Approach Montana spokesperson Pepper Petersen, the group overcame a global pandemic, wildfires, floods, hail, snow, and hurricane-force winds.  “Our campaign implemented strict health protocols and worked around the clock so that Montana voters could sign our petitions safely and qualify these popular initiatives for the November ballot. We collected signatures from every corner of the state and all 100 state house districts,” she said in a press release.

“The reason we were able to complete our signature drive in a shortened period of time and in spite of inclement weather is the strong support among Montanans for legalizing marijuana for adults,” he said. “We can generate tens of millions of dollars of new tax revenue, create thousands of new jobs, and provide a new source of commercial activity for Montana’s existing small businesses.”

If the measure for creating a regulated cannabis market is passed without the constitutional amendment requiring customers to be 21 and older to access the market, it could lead to an unprecedented situation. Montana could become the first state in the country that allows individuals 18 and over access to legal marijuana.

Industry analysts say sector players like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) are pleased that some good news is still emerging despite the COVID-19 crisis which has battered all industries.

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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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Reports Encouraging Q1 2020 Financial, Operational Results

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp-branded products company in the United States, recently reported unaudited financial and operational results for Q1 2020 (http://cnw.fm/7raXQ). An article discussing the company further reads, “‘Our first-quarter financial results paint the picture of a much healthier business than previous quarters,’ he continued. ‘But the work is far from done. In 2020, we are focused on leveraging our core capabilities to create capital-efficient growth through known distribution channels.’ . . . According to the report filed with the Canadian Securities Exchange (‘CSE’), net revenues for the company rose from $3.2 million for Q1 2019 to $4.7 million in Q1 2020 — an impressive 46% increase compared to Q1 2019 net revenues of $3.2 million and a 36% increase over last quarter’s revenue of $3.5 million. Company officials noted the growth came primarily from its California adult-use market, with incremental growth attributed to the Nevada adult-use and national hemp-CBD markets.”

To view the full article, visit http://cnw.fm/Cpy4J

About PLUS

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable, beginning with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA. For more information, visit the company’s website at www.PlusProducts.com.

NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://cnw.fm/PLUS

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1)  access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – Canadian Marijuana Oil Exports Jump 500% in 2019

Canada has made great inroads into the nascent global cannabis industry. As public opinion slowly turns in favor of cannabis, a handful of countries, including Canada, have legalized either medical and adult-use cannabis or both. The Great White North is among the biggest exporters of medical marijuana oil in the world, and according to data from Health Canada, Canadian-produced medical marijuana oil reached more international shores than ever last year.

In 2019, cannabis oil exports were approved for export to at least 17 countries for medical and scientific purposes, but the bulk of the exports involved only a few countries. Overall, 1181 gallons of cannabis oil products were exported for medical and scientific use, and 90% went to three countries. Australia imported roughly 977 gallons of Canadian-made marijuana oil while Germany and Denmark imported 173 gallons and 74 gallons respectively. The remaining 120 gallons of cannabis oil was shipped to 10 or more countries.

Last year’s shipments were almost five times more than the 202 gallons exported from Canada in 2018. Marijuana oil exports in 2019 also exceeded the 8,245 pounds of dried cannabis exported from Canada in 2019. According to Sarah Seale, CEO of Toronto-based Seale & Garland Consulting and a partner at Cannabis Global Consultants, medical cannabis oil is more readily used in medical products, and this makes it more sought after overseas. “There’s a wider market, a higher price point, and it’s a little bit easier to import and export it when you’re dealing with oil,” she says.

Although Canada has had great success with the global medical marijuana export market, fellow progressive countries like JamaicaAustraliaPortugal, and Colombia are itching to jump into the market as well. Despite the threat of increased competition, Seale believes Canadian companies will continue enjoying their advantage, but only if they play their cards right. “Anybody looking to export now is going to be looking at paths that are already open. Canada has the opportunity of looking at the paths that aren’t open yet and making provisions to be the first one in the door in those markets as well.”

Co-founder and CEO of Toronto-based regulatory consulting firm CannaDelta Sherry Boodram says that some countries that have recently legalized cannabis are looking to meet demand through imports before their systems for domestic production are up and running. “A lot of countries don’t have provisions in place to produce dried flower and oil products, so they’re going to look at other countries to obtain those product formats.”

This data is likely to be of great interest to sector players like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) who would also relish the opportunity to get a larger piece of the international market for cannabis products.

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 – Why the Marijuana Black Market Still Persists in California

California is one of the best examples of just how much a state-legal marijuana program can achieve if it’s done right. The state has been at the forefront of the efforts to legalize cannabis in the U.S., with the country’s first ballot initiative to legalize marijuana taking place in California in 1972. Although the measure was unsuccessful, California was still the first state to allow medical cannabis in 1996, and recreational marijuana has been legal in the state since 2016.

The recreational program has been especially successful, generating over $1 billion in tax revenue after just two years of operation. These funds have gone towards environmental initiatives like wild-land restoration and park maintenance, childcare and anti-drug programs, and safety grants for fire departments and local police. However, despite all the good it has done, more people prefer to get their marijuana from the black market than the state legal circuit. Why?

Taxes are super high. Most, if not all of the states with legal adult-use cannabis tax cannabis sales at exorbitant rates. It is one of the most compelling reasons for legalizing cannabis, and tax revenue from cannabis sales has been dedicated to several worthy causes. California, for instance, charges cultivators a state tax of $9.25 per ounce of flower, $2.75 per ounce of leaves, and $1.29 per ounce of fresh plant material. It also requires retailers to charge customers a 15% excise tax on top of the market price of any cannabis product and allows counties and cities to levy their own taxes.

Most of these taxes are passed on to the customers and as a result, they end up paying between 40-80% above the standard price for marijuana. The black market, however, is not subject to any taxes and sells at much lower prices, and this attracts a large number of customers away from legal cannabis retailers.

There are few licensed dispensaries, and this limits the supply of legal weed to the market. Every state with legal weed requires the sale of cannabis to be carried out at a licensed dispensary, but municipalities seem to be dropping the ball. The current amount of licensed facilities is nowhere near enough to fulfill the demand for cannabis, and municipalities are failing to provide more licenses to alleviate this. This means that in many places, people do not have access to a licensed dispensary despite weed being legal, or they are subjected to interminably long lines, so they opt for the black market.

Not all cities have legalized cannabis. Although the sale of cannabis is indeed legal statewide, not all counties and cities are required to provide licenses to prospective retailers. By 2019, only half of all counties in California had opted in on commercial cannabis sales, and this has left customers in numerous places with only one alternative, the black market. While the state’s legal cannabis program has been largely successful so far, excessively high taxes, over-regulation, and inequitable access may be its ultimate undoing.

Analysts say that cannabis sector players like Round Meadow Holdings Corp. and Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) hope that other jurisdictions which are planning to legalize marijuana consider the lessons observed in California and design ways to stifle the black market more effectively.

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 – Why Smart Entrepreneurs Need to Consider the Marijuana Beverage Industry

The cannabis sector is without a doubt one of the top industries to keep an eye on. Still fairly young, the industry has proven that it can be quite profitable despite the myriad of challenges it still faces. However, despite having very encouraging projections, the industry will soon be filled with sellers who want a piece of the loot, and smart entrepreneurs will have to find new ways to stay on top.

One such area is cannabis beverages, a new and exciting sub-industry that takes all the natural benefits that cannabis brings and puts them in a bottle. Well, it’s not exactly new as people in places like India and China were using cannabis for centuries before it became so controversial, but it’s an exciting part of cannabis culture still. These days, people are looking for products that have natural ingredients, low caloric counts, experimental flavors, craft appeal, and offer functional benefits. Marijuana beverages check most of the boxes.

For a long time, the technology to process marijuana beverages was quite limited. Cannabinoids, the chemicals responsible for cannabis’ effects are fat-soluble, and they do not mix easily with water-based beverages. Thus cannabis sellers had to look for other avenues, settling on cannabis-infused gummies, brownies, and other confectioneries. However, the technology required to pull off cannabis-infused beverages is catching up. Technologies like nano emulsification and using cyclodextrins allow the creation of high quality, fast-acting, and longer-lasting cannabis beverages.

One thing cannabis beverages have over alcohol, sodas, and energy drinks is that they are a lot healthier. As consumers become more conscious of what they put on and in their bodies, they are becoming increasingly aware of the potential harm things like alcohol and energy drinks can cause. Cannabis, on the other hand, works by interacting with the endocannabinoid system (“ECS”), a nervous system that helps maintain homeostasis or internal balance of the body, and consuming cannabis helps boost the ECS and bring you closer to internal balance.

In fact, counties that offer residents a legal choice between alcohol and marijuana have seen a 12-15% decline in alcohol. Given the choice, consumers will ultimately choose the healthier option. And unlike smoking cannabis, which you probably shouldn’t be doing in public, beverages have no stigma attached to them. You’re free to have a drink anytime, anywhere, and without judgment. This, coupled with the fact that cannabis beverages are healthier than most drinks on the shelves and they offer a variety of health benefits makes them a very attractive and profitable option for entrepreneurs.

Analysts assert that the major marijuana industry actors like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) are looking to go big in the beverages segment in the coming years.

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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CannabisNewsBreaks – Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Announces Retirement of CFO, Names Successor

Plus Products (CSE: PLUS) (OTCQX: PLPRF), a cannabis and hemp branded products company in the U.S., today announced that its Chief Financial Officer, Jon Paul, will be retiring at the end of this month. According to the update, current Vice President of Finance, Nate Pearson, has been identified as his successor, while Paul, following his retirement, will continue in an advisory role to ensure a smooth transition. “Jon has played an integral role in our organization since the day he joined,” Jake Heimark, co-founder and CEO of Plus Products, stated in the news release. “The financial and regulatory environments in our industry remain extraordinarily complex, and Jon has built the infrastructure and relationships that we believe will enable PLUS to succeed for years to come. It has been a pleasure to work with him for the past few years, and I am grateful he will continue working closely with the company moving forward.”

To view the full press release, visit http://cnw.fm/De0db

About PLUS

PLUS is a hemp and cannabis food company focused on using nature to bring balance to consumers’ lives. PLUS’s mission is to make cannabis safe and approachable – that begins with high-quality products that deliver consistent consumer experiences. PLUS is headquartered in San Mateo, CA. For more information, visit the company’s website at www.PlusProducts.com.

NOTE TO INVESTORS: The latest news and updates relating to PLPRF are available in the company’s newsroom at http://cnw.fm/PLUS

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1)  access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – Cannabis Businesses Hit by Vandals and Robbers During Ongoing Protests

On May 25, 2020, George Floyd, a black man, died at the hands of a Minneapolis Police Department officer, leading to nationwide protests against systemic police brutality against unarmed black men. Although the protests were peaceful at first, they became violent, leading to widespread rioting and looting over the weekend. Tons of business establishments nationwide have been affected by the looting, and marijuana businesses haven’t been spared.

Dozens of cannabis shops in Oregon, Illinois, San Francisco and California have been vandalized and according to the business owners whose businesses were hit, looting was carried out by professional criminals, and not the protesters themselves. Cannabis retailers in California which were looted include Cookies, Blum, MedMen, and Harborside, and reports indicate the shops in San Francisco Bay Area were especially hit.

Although they don’t have definitive figures, cannabis retailers have likely suffered thousands of dollars’ worth of damage, and it not yet clear whether it will be covered by insurance. According to Sue Taylor, owner of the Farmacy Berkely which opened for business in early 2020, her store was broken into three times over the weekend by armed robbers. Several cars pulled up outside her shop after midnight on Saturday carrying roughly 30 individuals who overwhelmed her security guards.

“They busted through the front door and did a grab-and-snatch. They got a little product but not a lot, because all the money was in the vault, and they tore up one display. They took five, six minutes, and the police were there within six minutes,” Taylor said. Fortunately, the police arrived minutes after the break in and prevented further loses, she says.

The looters were back early Monday morning, and as there was no merchandise to be had at that point, she says, the looters started “tearing up” the shop. Although she sides with the Black Lives Matter protesters, she is feeling “very conflicted” now that her family-owned business is in the looters’ cross hairs. “It’s very conflicting. It’s two sides to every story, and even though I don’t agree with what they’re doing, there’s some part of me that understands as an African American.”

Magnolia Wellness in Oakland, California was also hit multiple times over the weekend and according to CEO Debby Goldsberry, “cleaned out” of its cannabis inventory. Like Taylor, she believes the vandalism wasn’t done by protesters but by criminals using the protests as cover for their nefarious activities.

“It’s not the work of rioters or looters or protesters. There’s organized gangs that have been targeting cannabis businesses for years. That’s what it is.”

Analysts say cannabis companies like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) are probably very disappointed by the looting targeting pot shops since the cannabis industry has been very vocal in campaigning for the rights of marginalized sections of the community.

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