420 with CNW — Is It Worthwhile to Vacuum Seal Cannabis?

Anyone who uses or has used cannabis in the past has probably heard that storing cannabis flower in an airtight container keeps it fresh and preserves its quality. While some users may not understand the logic behind this advice, there’s a solid scientific reason why vacuum sealing cannabis is essential.

Once a cannabis plant matures, continued exposure to the elements causes it to degrade. That’s why marijuana cultivators have to harvest their crop at just the right time; any later and the plants will start to lose their potency. Once the plants have been harvested and processed, the same level of care is needed to preserve them.

In this case, it is proper storage. Did you know that how and where you store your cannabis will have a major impact on its flavor and potency? Most users prefer the traditional jar but vacuum sealers can keep your cannabis fresh even longer by keeping air and moisture away from your stash.

Continued exposure to the elements alongside heat will degrade cannabis and render it useless. The first thing you want to do is to keep your marijuana away from any heat sources because heat will cause the terpenes in the cannabis to dry out, killing its flavor and taste. Conversely, super-low temperatures will also degrade the trichomes and impact the flavor. A dark closet or drawer far  from any heat sources would be an ideal storage location.

Light is the second foe. The cannabinoids and terpenes in cannabis will break down under exposure to ultraviolet light, essentially stripping the cannabis of its potency and flavor. Storing marijuana away from the sun and any other light source will prevent this.

Your third enemy is water. High humidity can cause cannabis to trap more moisture and encourage the growth of mold on buds. A humidity of 59–63% will prevent the growth of mold while keeping cannabis from drying out.

But if you are looking to purchase cannabis in bulk and store it for a long time, vacuum sealing could be the way to go. It has already been proven that this method can keep foods such as meat fresh, and many cannabis users are already using vacuum sealing to store their flower.

Vacuum seals are a great way to prevent mold growth because they are completely airtight and do not let in any air or moisture. Furthermore, this method will prevent marijuana’s distinctive odor from getting out, keeping your cannabis private and preserving its fragrance and aroma. Ultimately, it wouldn’t be wise to invest in high-quality marijuana products made by companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) and then let those products degrade rapidly due to improper storage.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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 – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Earnings Call, 2021 Year-End Results Release Date

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has said it will release its year-end 2021 financial report on Monday, May 2, 2022, after the market closes. The report will also include subsequent events and MD&A. In addition, company management will host a conference call on Tuesday, May 3, 2022, to discuss that report. During that call, Red White and Bloom CEO Brad Rogers will also provide an overview of operations and upcoming events; the call will also include a question-and-answer session with company management. Those interested in the call can dial toll-free 877-705-6006 or +1 201-689-8557 internationally. The call will be archived and available for replay for 90 days after the call ended; the archived version can be access by dialing 877-660-6853 or 201-612-7415, then entering access ID 13728614. The call will also be available on RWB’s investor relations website.

To participate in the call, visit https://cnw.fm/V6hlo

To view the full press release, visit https://cnw.fm/7BH12

About Red White & Bloom Brands Inc.

Red White & Bloom Brands is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on major U.S. markets, including Michigan, Illinois, Massachusetts, California and Arizona with respect to cannabis, as well as the United States and internationally for hemp-based CBD products. For more information about the company, please visit www.RedWhiteBloom.com

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

About CannabisNewsWire

CannabisNewsWire (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 – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Eyes ‘Tip of the Iceberg’ Opportunity with Launch of Platinum Vape(TM) Live Resin in Michigan

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, together with its RWB Michigan LLC wholly owned subsidiary, today announced the debut of Platinum Vape(TM) (“PV”) Live Resin in Michigan. Previously available only in California and Oklahoma, PV Live Resin will soon be in the nearly 400 Michigan dispensaries that now carry Platinum products. “As promised, the Red White & Bloom team is introducing a steady stream of new products and consumption options to satisfy consumer demand in the rapidly growing Michigan cannabis market,” said Brad Rogers, Red White & Bloom chairman and CEO. “In the U.S., live resin sales grew 86% since 2020, as reported by Greentank*. We believe this is just the tip of the iceberg for the live resin opportunity, since so many new cannabis consumers are totally unfamiliar with live resin and migrate to it once they learn more about cannabis and discover live resins’ many advantages.”

To view the full press release, visit https://cnw.fm/1eivU

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Illinois, Oklahoma, and Michigan with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

*Green Tank North American Vape Market 2021 Year in Review https://www.greentanktech.com/offer/industry-vape-report-2021/

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

About CannabisNewsWire

CannabisNewsWire (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.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

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420 with CNW — Marijuana Stocks Soar Amid Reports of Federal Legalization Vote

The past few years have been filled with speculation on whether or not Congress will legalize cannabis at the federal level. When the Democratic Party cinched the Senate, House of Representatives and the White House during the 2020 ballot, the chances of cannabis being removed from the Schedule of Controlled Substances increased significantly.

Ideally, this would open up the already lucrative legal cannabis industry even further and grant it all the rights other industries enjoy. In anticipation for a future where federal law allows the cultivation and sale of cannabis, especially after a recent report claimed that lawmakers are poised to vote on federal cannabis legalization this week, investors are appear to be flocking to cannabis stocks.

According to the Marijuana Moment report, the House of Representatives plans to vote on the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act soon. The legislation was sponsored by the chair of the House Judiciary Committee Jerrod Nadler and would remove cannabis from the Controlled Substances Act, set up a commercial cannabis market, and push for social equity in the sector.

The House Approved the MORE Act last year, but the act didn’t make it past the then Republican-controlled Senate. The Judiciary Committee cleared the cannabis legalization bill again this year and activists, as well as industry stakeholders, have been crossing their fingers for a floor vote ever since.

The report from Marijuana Moment has upped interest in cannabis stocks, with shares from both Sundial and Tilray increasing by a whopping 20%. Canopy Growth, once the largest cannabis company in the world, saw a 10% increase in share prices while ETFMG Alternative Harvest ETF trades were up by 6%.

Regardless of the support federal cannabis legalization has received from lawmakers, it is not clear whether or not President Joseph Biden will sign the bill if it reaches his desk. He was instrumental in passing federal prohibition laws during his days as a senator, and he has said that he only supports medical marijuana laws and modest cannabis reform at best.

On the other hand, Senate Majority Leader Chuck Schumer has been a staunch supporter of federal legalization, lobbying the president about the widespread benefits of major cannabis reform and even stating that he would act on cannabis legalization with or without Biden’s support.

According to Marijuana Moment, House leaders have included the MORE Act in the official list of legislation that will be discussed on the House Floor this week. If the bill is enacted, it would reschedule cannabis, ratify various social and criminal justice reforms, and earmark funds for social equity programs in addition to creating a more favorable environment for companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) to thrive across the country.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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 — Bipartisan Legislators Want Administration to Champion Ending UN Cannabis Ban

Bipartisan congressional legislators recently filed a measure asking President Joseph Biden to urge the United Nations (UN) to end its marijuana ban. This would be achieved by dropping the plant from the list in the international drug treaty of controlled substances.

The resolution was introduced by Rep. Nancy Mace (R-SC) and Rep. Barbara Lee (D-CA) just as the UN’s Commission on Narcotic Drugs (CND) finished its meetings in Vienna. The commission adopted a proposal in 2020 that would take cannabis off the strictest international drug category, the Schedule IV list, while retaining the federal Schedule I classification

The resolution wants the U.S. representative to the United UN Commission on Narcotic Drugs to use the voice, vote and influence of the United States to deschedule cannabis. Furthermore, the resolution also calls on U.S. officials to press the UN to forgive cannabis-related penalties of prior offenders and treat cannabis as an agricultural commodity.

In a press release, Mace said that many countries would be encouraged to deschedule and examine how cannabis is classified if the UN made the resolution. She also talked about the benefits of cannabis in the treatment of medical conditions such as PTSD and epilepsy and  how descheduling would support worldwide research of cannabis use in the treatment of numerous conditions.

The United States wants to lead the world in reforming cannabis by having the UN deschedule the substance. According to Barbara Lee, cochair of the Congressional Cannabis Caucus, its classification as a schedule I drug is outdated and needs to be addressed. She also added that research has provided the positive effects of cannabis in chronic illness treatment.

The Drug Enforcement Administration (DEA) has mentioned that the international treaty obligations have played a role in the agency’s efforts against domestic descheduling. However, Biden has not defended his personal opposition to cannabis legalization for adult use. During his campaign, he pledged to move cannabis to Schedule II under the Controlled Substances Act, a promise he has yet to fulfill as well as other reform pledges.

The push for descheduling comes after the UN Office on Drugs and Crime (UNODC) called for an international ban on marijuana advertising last year. Advocates viewed this as a sign that the body was reluctant to embrace the drug’s inevitable widespread legalization.

Also last year the UN’s World Health Organization (WHO) chose not to recommend kratom to be internationally banned after a scientific review. This development was celebrated by advocates who have used the plant for therapeutic purposes such as pain management.

Ending cannabis prohibition on a global scale would enable patients to gain access to the medicinal marijuana products made by licensed companies, such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), since many studies are showing that cannabis possesses therapeutic potential.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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 — 2022 May Be Great Year for Pharmaceutical Cannabis

Last year was a good year for the recreational and medical marijuana industry, with major pharmaceutical companies entering the medical space. Many believe that this year will be even better for pharmaceutical marijuana, given the strides the industry has taken.

For instance, huge pharmaceutical marijuana mergers and acquisitions deals were sealed last year, including GW Pharmaceuticals’ acquisition by Jazz Pharmaceuticals. which was valued at $7.2 billion. Pfizer also entered into an arrangement to purchase Arena Pharmaceuticals for $6.7 billion while Dermapharma Holding SE purchased C3, Canopy Growth’s subsidiary for about $93 million dollars. In addition to this, Teva Pharmaceuticals also entered into a distribution deal with Cannbit-Tikun Olam.

Companies involved in the recreational marijuana industry also pivoted toward pharmaceutical marijuana applications, with Curaleaf purchasing Emmac Life Sciences in a $286-million-dollar arrangement. Major players such as Tilray-Aphria and Aurora also pivoted toward pharmaceutical cannabis, with most Canadian marijuana firms and multistate operators also recording significant growth in the recreational cannabis market. Even Philip Morris International, a multinational tobacco and cigarette manufacturing company, has shown interest in the pharmaceutical market side with investments such as Syqe Medical.

Additionally, Big Alcohol and Big Tobacco have signaled operational interest in the adult-use market in moves such as British American Tobacco investing in Organigram Holdings and Constellation Brands investing in Canopy Growth.

Towards the end of 2020, the United Nations voted to reclassify marijuana, which enabled cannabis pharmaceuticals to enter the global space. Currently, the potential use for marijuana in pharmaceutical applications is a primary driver for legalization in Europe and is accepted in most parts of the globe now.

Recreational marijuana has also swept through most of South and North America, with some rumblings in Switzerland, Portugal, Malta, Luxembourg and Germany in the European Union. Europe is currently demonstrating the most advancement in pharmaceutical marijuana while Canada and the United States dominate sales in the recreational marijuana market, making up about 80% of the global revenue in the market. However, it has yet to be decided whether medical marijuana applications will become accepted internationally as tested and registered pharmaceuticals that physicians across the globe can prescribe.

The policies imposed on marijuana also present hurdles for the recreational and medical marijuana markets that need to be dealt with, both in the U.S. as well as globally. Despite this, 2022 may be a good year for the marijuana industry as more nations as well as states in the U.S. advance reform policies and pharmaceutical firms make more advancements.

As cannabis pharmaceutical companies grow their footprint in the sector, other industry companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are consolidating their positions in the different states where they have operations as the industry awaits federal marijuana policy reforms.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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 — VA Suicide Prevention Program Will Not Include Cannabis Treatment

Medical cannabis use among veterans has been a hot topic since states first started legalizing marijuana for medical use. While drug-reform proponents believe the plant has the potential to help veterans deal with chronic pain and mood disorders such as anxiety and post-traumatic stress disorder, others say it is federally prohibited for good reasons, with one being that it is a gateway drug with no medical application. This is despite research debunking this reason on numerous occasions.

The latter opinion seems to be shared by the U.S. Department of Veteran Affairs (VA), the government body in charge of administrating benefit programs for military veterans and their families. The agency, which prohibits veterans from using medical marijuana at all VA centers, has released a statement noting that it will not support medical marijuana treatments for veterans as part of a new suicide-prevention grants program, which will offer eligible veterans suicide-prevention services.

Due to the nature of war and what continued exposure to high levels of stress does to the human psyche, army veterans have a much higher suicide rate compared to the rest of the population. Additionally, a study conducted in 2017 also found that veterans with substance-abuse disorders had a heightened risk of suicide compared to veterans without a substance-use disorder.

Plenty of veterans and the service organizations that represent them state that cannabis possesses various benefits. Many have admitted that marijuana has the potential to alleviate various medical conditions that are common within the veteran community, including mood disorders. Despite these testimonies and existing research, the VA still prohibits the use of medical cannabis among former military members. Since it is a federal agency, it is legally required to use treatment practices and approaches that are consistent with federal law.

The VA noted that since cannabis was still classified as a Schedule I controlled substance, which means that it has no recognized medical applications, it could not legally provide support for treatments that involve the use of marijuana.

This classification has been a constant thorn in the side of drug-reform advocates and veteran-service organizations. Federal prohibition has significantly held back cannabis research and has, as a result, made it even harder for researchers to learn more about the potential benefits and side effects of this herb.

Still, veteran service organizations continue to advocate for more research into cannabis on the grounds that military veterans stand to benefit from these alternative treatments manufactured from the cannabis plant by state-legal entities such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF).

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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

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420 with CNW — College Cannabis Courses Help Industry Train Employees

There is a growing demand for trained professionals in the cannabis economy as more states set up marijuana markets for medical and adult use. Universities, colleges and educational institutes are coming forward with programs that will facilitate this growing industry. These programs aim to connect their graduates with prospective employers.

The U.S. cannabis industry is expected to support more than 500,000 full-time jobs this year. The figure is predicted to rise to 1.5 million jobs in the next three years.

Lake Superior State University is one of the institutions that offer training through a degree in the cannabis industry or an associate degree in cannabis science. The Michigan-based institution has an enrollment of almost one hundred students, most of whom are in their late twenties or early thirties.

Most of the students have dropped from their respective careers to become professionals in the cannabis industry. According to Steven Johnson, dean of the College of Science and the Environment, some of the students include registered nurses. Johnson states that compliance jobs in the industry can be high paying. An individual with a degree can earn more than a faculty member who has a PhD.

Tuition at the institution costs $4,308 per semester with the university stating that its graduates secure employment one year after their course completion.

Stockton University has one of the highest enrollments. More than 100 students are pursuing a minor in cannabis studies at the New Jersey institution. The degree will allow these students to major in hospitality, health sciences, business, finance, criminal justice, social work, communications and even environmental science.

The university has partnerships with key players from multiple industries. According to Diane D’Amico, the director of new and media relations, a minor from Stockton will allow students from any majors to apply into their field sof interest. Tuition per semester starts at $6,245 for U.S. residents and $10,036 for non-U.S. residents.

Oaksterdam University in Oakland, California, was founded in 2007 as the first U.S. cannabis college. The school offers certificate programs that cover every aspect of the industry, from growing and processing to business and public policy. The school has a strong focus on diversity, inclusion and equity. According to Dale Sky Jones, the institution’s executive chancellor, the school has fought for regulations that will allow formerly imprisoned and convicted individuals to participate in the industry.

The institution has more than 100,000 alumni worldwide. In addition to offering training programs, students and alumni have access to jobs boards, mentorships, company tours and other networking opportunities.

Examples of other institutions offering training include Colorado State University Pueblo, University of Nevada, Northern Michigan University, University of Rhode Island and State University of New York (SUNY).

As more of these courses are offered in different universities and colleges around the country, it will get easier for licensed companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) to find the high-caliber workers that they need to propel their companies forward.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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

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CannabisNewsBreaks – Red White & Bloom Brands Inc.’s (CSE: RWB) (OTCQX: RWBYF) Acquisition Strategy Spearheading Expansion, Premium Inventory Production

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a premium cannabis brand multistate operator, has been building assets steadily in Michigan, Florida, Illinois, Massachusetts, and Arizona, while working to establish the quality and consistency that wellness consumers seek. The company announced full licensing for manufacturing both medical and adult-use cannabis products in Michigan in January, along with the closing of a lease assignment for a 15,000-square-foot manufacturing, processing and distribution facility in the city of Warren. A recent article reads: “The manufacturing facility is a key part of RWB’s acquisition strategy for 18 Michigan dispensaries, four cultivation facilities and other important real estate. The company is also using its acquisition of a 45,000-square-foot Florida cultivation facility to spearhead premium inventory production for several existing and new dispensaries under the company’s banner. ‘The Apopka facility will deliver the cultivation needed to meet our significant retail expansion goals throughout the state,’ [RWB CEO and Chairman Brad] Rogers stated last fall…. Red White & Bloom’s seed-to-sale integration for the medical and adult-use sectors was further enhanced when it closed its acquisition of PharmaCo Inc., granting the company over 20 assets in the state for potential new cultivation and dispensary locations.”

To view the full article, visit https://cnw.fm/yvDWN

About Red White & Bloom Brands Inc.

The company is positioning itself to be one of the top three multistate cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Michigan, Illinois, Massachusetts, Arizona and California with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

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

About CannabisNewsWire

CannabisNewsWire (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 — ABA Poll Shows Americans Want SAFE Banking Act Passed

A recent survey released by the American Bankers Association has found that almost 70% of Americans are in favor of allowing financial institutions to work with cannabis businesses without the threat of being penalized. The poll, which was conducted by Morning Consult, interviewed more than 2,000 adults between February 18–19, 2022.

The survey asked respondents a pair of questions on cannabis banking. The first asked respondents whether they support or oppose allowing cannabis businesses to “access traditional banking services, like a checking account or business loan, in states where cannabis is now legal.” The poll found that 65% were in favor of this, with only 15% opposing it. The second question asked respondents whether Congress needed to pass a bill that would accomplish this reform, with 68% indicating that legislators did need to approve the measure.

The bipartisan measure in question, the Secure and Fair Enforcement (“SAFE”) Banking Act, would offer protections to banks that worked with state-legal cannabis businesses. This bill has been approved in some form in the House half a dozen times. However, it has yet to be passed in the Senate.

In a press release, Rob Nichols, the CEO of the American Bankers Association, highlighted that consumers agreed that the time had come to allow banks to serve legal marijuana and marijuana-related businesses. Nichols noted that this measure would help banks meet communities’ needs while also improving the financial transparency of the growing marijuana industry, increasing tax collection efficiency and increasing public safety.

The American Bankers Association was one of several insurance, financial and labor groups that called on Congress to approve the cannabis banking reform as part of a large-scale defense legislation last year. The bill’s language was successfully attached to the defense measure by the banking bill’s sponsor, Rep. Ed Perlmutter. However, the language was scraped off later during bicameral negotiations.

This may change now, after Senate Majority Leader Chuck Schumer, who has been an obstacle to the banking measure’s approval in the Senate, revealed that approving the bill was a possibility if some equity provisions were included. Soon after this, Perlmutter stated that he was open to revisions, noting that he was confident that the Senate would take up his measure before he went into retirement at the end of this session.

Many hope that the banking measure will soon be approved, as the number of banks working with legal cannabis businesses increases. As the relationship between mainstream banks and licensed marijuana companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) is allowed under federal law, we are likely to see the industry grow at a faster rate since companies will have access to needed services, including bank loans to fund their growth.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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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