Senate Majority Leader Chuck Schumer is urging fellow legislators to give input on the provisions of a measure to federally legalize cannabis. In a letter addressed to fellow legislators, Schumer, Sen. Cory Booker and Senate Finance Committee Chairman Ron Wyden explained that the continued prohibition of cannabis at the federal level hindered the states’ ability to make their own decisions about marijuana. The letter noted that as more states moved to legalize marijuana for both medical and adult use, the federal government had a crucial role to play. They added that hundreds of millions of people in America lived in states that had legalized marijuana in some form, despite it being illegal at the federal level.

The Senate Majority Leader has faced criticism from advocates about how long it’s taken for the bill to reach this stage. However, during a recent press conference, Schumer announced that he planned to formally introduce the bill in April. The bill, called the Cannabis Administration and Opportunity Act, aims to ensure that the federal government matches the advancements made in various states across the United States.

The measure will allow individuals to petition for resentencing, expunge prior convictions, federally deschedule marijuana, eliminate collateral consequences for individuals who have been criminalized because of cannabis and maintain the authority of states to set their own cannabis policies. The measure will also impose a federal tax on cannabis products. Most of the revenue will be allocated to grant programs that support individuals from communities that were most affected by prohibition and who would like to take part in the flourishing industry.

In addition to this, the bill will transfer regulatory authority over marijuana to the U.S. Food and Drug Administration, the Alcohol and Tobacco Tax and Trade Bureau and the Bureau of Alcohol, Tobacco, Firearms and Explosives rather than the U.S. Drug Enforcement Administration.

Late last year, the Senate Majority Leader highlighted that he was focused on keeping major players in other industries out of the cannabis industry in order to create opportunities for smaller operators when marijuana was federally legalized, noting that his measure would help to do just that. He also emphasized that his reform measure would take the necessary steps to ensure that big tobacco and alcohol companies didn’t overtake the industry.

When discussing the letter to his colleagues on the Senate floor last week, Schumer also emphasized the need to create opportunities for small businesses and entrepreneurs to legally pursue new opportunities, adding that the comprehensive federal marijuana bill would help actualize this goal.

The entire cannabis industry, including entities such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), will benefit once Schumer’s efforts bear fruit and marijuana policy is reformed at the federal level.

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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Earlier this week, Rep. Chellie Pingree filed a measure which will make some crucial reforms to the hemp industry, including increasing the legal threshold for THC in hemp products to 1% from 0.3% on a dry weight basis. The measure, dubbed the Hemp Advancement Act, would also address an issue associated with levels of THC for in-process hemp.

Many businesses had raised concerns about the THC limit stipulated under the existing federal statute previously, as the process of extracting hemp could temporarily increase the content of THC in a plant in a way that made them liable for enforcement action.

Under this Congressional bill, in-process hemp wouldn’t be subject to any THC thresholds as long as the final product didn’t exceed 1%. This new 1% limit would include delta-9 THC, which is the commonly known psychoactive component in hemp, as well as variants like delta-10 and delta-8, which aren’t as popular but are still available in markets where marijuana hasn’t been legalized.

The measure would also eliminate a requirement stipulated under the 2018 Farm Bill that the plants can only be tested at labs registered by the DEA. In a phone interview, Pingree stated that there weren’t enough testing facilities for hemp across the country, noting that there wasn’t even one lab in Maine while there were only 2 covering New England.

She explained that laboratories which weren’t certified by the DEA were also capable of testing the crop, adding that removing this requirement would eliminate one obstacle farmers faced, as that hemp was an agricultural crop that only needed to be evaluated for appropriate reasons.

The measure would also eliminate a provision in the 2018 Farm Bill which prevents individuals who’ve been charged with drug-related felony convictions in the past decade from participating in the hemp industry. Advocates have in the past argued that this provision perpetuated racial disparities by excluding individuals from communities which had been disproportionately affected by marijuana prohibition. The congresswoman explained that the ban treated hemp like a controlled substance which wasn’t the case, as hemp was an agricultural crop.

She added that prohibiting individuals using this rule was damaging to people who’d like to take part in the industry, as well as the industry as a whole, given the labor shortage in this market.

The measure is being backed by more than ten major cannabis and hemp groups, including the Hemp Industries Association, Americans for Safe Access and the U.S. Hemp Roundtable.

If these proposed changes are eventually enacted into law, we are likely to see firms like Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) growing at a faster rate due to the easing of some of the rules which were making operations a tad more complex.

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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We’ve seen the CBD market grow significantly these last few months in different parts of the globe, with projections showing that by 2028, the market could be valued at $13 billion. CBD has various benefits, which include relieving anxiety and providing pain relief along with anti-acne and anti-seizure properties. Some studies have also found that CBD may help prevent growth of cancer cells. However, more research is needed to support these claims.

CBD isn’t the only compound various markets are interested in either, as the wellness and cosmetic markets have begun to take an interest in CBG (cannabigerol), which is said to possess anti-inflammatory, antibacterial and soothing properties.

Like CBD, CBG is one of the many compounds found in the cannabis plant, which contains more than 100 cannabinoids. Other cannabinoid compounds include cannabichromene, cannabidiorcol, cannabichromenevarin, tetrahydrocannabinolic acid, cannabinol, cannabidiolic acid synthase and cannabichromanon.

Unlike CBD and THC, which are the primary compounds in the cannabis plant, CBG is less known. Despite being less recognized, manufacturers and researchers have begun exploring CBG’s potential in an effort to introduce it to the realm of beauty and wellness.

CBG is, in some way, the basis of its counterparts as it transforms into other cannabinoids, including THC and CBD, during the cannabis plant’s growth. This may explain why it is found in relatively low concentrations and small quantities.

In addition to this, CBG is nonpsychotropic, like CBD, which means that it does not induce a high. This is unlike THC, which causes individuals to get high when they ingest or consume cannabis.

CBD is currently used in many products, including creams, serums, oils, scrubs, cleansers and deodorants. We may, in the near future, see the same lines of products with CBG. Some companies are already looking closer at the properties of CBG various studies and have found their antioxidant, antibacterial, soothing and anti-inflammatory properties.

CBG oils, which many believe can help combat fatigue and stress, are already available in various specialist stores. These oils are also said to relieve anxiety, help manage pain, alleviate inflammation, relieve nausea and relieve a number of skin conditions, including acne.

The cosmetics industry plans to use this compound to create an even wider range of products for the skin. For example, Purple Store, the France-based network of specialist CBD boutiques, recently announced that it would begin the development of cannabigerol-based products, which could range from cosmetics to wellness products. This announcement came after CBG was included in the EU’s database of cosmetics ingredients last year.

As more studies unearth the benefits of other cannabinoids, we will undoubtedly see sector players such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) developing new product ranges featuring those novel cannabinoids.

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

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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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Last week, Mississippi became the 37th U.S. state to legalize the use of medical marijuana. Gov. Tate Reeves signed the bill into law stating that it would provide medical marijuana to individuals who “could do significantly better” with prescribed doses. According to the National Conference of State Legislatures (“NCSL”), the state joins 36 states and territories including Puerto Rico, the District of Columbia, the Virgin Islands and Guam, where the use of medical marijuana is legal.

The Republican governor mentioned through a statement that a recreational program would not only lead to an increase in users but also reduce performance and bring about societal ills.

This new legislation will see patients diagnosed with AIDS, cancer, autism, Parkinson’s disease, Crohn’s disease and more become eligible to buy medical marijuana with a card. The card will be obtained from the state’s Department of Health after an in-person examination from a qualified health-care worker.

The law will allow patients to receive at most six units per week and 24 units in 30 days. The law describes one unit as either 100mg of THC in an infused product, 3.5g of medical cannabis or 1g of medical cannabis concentrate. Employers, landlords and schools cannot discriminate against card holders under the law. Moreover, it restricts dispensaries from being situated within 1,000 feet of any churches, schools or child-care facilities without a waiver.

The law specifies that plants must be cultivated indoors under restrictive conditions. Taxes have been set on cannabis production and sales while also denying the state the ability to provide any incentive for economic development to cannabis businesses. The legislation will allow counties and cities to opt out in allowing any facilities from growing or selling medical marijuana.

An earlier drafted bill had set the purchase limit to 28 grams each month. However, it was struck down in November 2020 by Mississippi’s Supreme Court. Reeves has described the legislation as being imperfect. However, he sees that its restrictiveness will reduce the number of marijuana blunts in the streets by “hundreds of millions.”

One of the groups that pushed for marijuana’s legalization is the Mississippi Medical Marijuana Association. The association’s executive director, Ken Newburger, said that the laws would improve the quality of life of individuals who would gain the benefits of medical cannabis.

The bill has been tracked down by NORML, which has said that it was long overdue. Jax James, the organization’s state policies manager, says that the law had received overwhelming support from voters over the years. He says that for the last 14 months the people’s wish has been denied.

The signing of this bill into law is likely to trigger a flurry of new economic activity, including the attraction of new and existing marijuana companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) that are working to meet the growing needs of patients in Mississippi.

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

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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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Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, through its wholly owned subsidiary RWB Michigan LLC, has closed on the acquisition of PharmaCo Inc. The acquisition, which was originally announced in 2020, brings an extensive list of assets to RWBYF, including 21 medical and adult-use cannabis licenses, eight fully operating dispensaries with five dually licensed, two operational indoor cultivation facilities totaling more than 30,000 square feet, one municipally licensed 10-acre outdoor cultivation facility ready for the 2022 season, two ready-to-open dispensaries, and22 owned properties for potential additional cultivation and dispensary locations. With the acquisition, Red White & Bloom also becomes fully licensed and integrated from seed-to-sale for medical and adult-use cannabis in one of the top markets in the country; Michigan reported an estimated $1.79 billion in cannabis sales last year. “I’m pleased to announce that we have closed on the PharmaCo acquisition and now control all aspects of our Michigan operations,” said Red White & Bloom chair and CEO Brad Rogers in the press release. “This is a major milestone for RWB and its shareholders as we continue to execute key components of our growth strategy and build our house of brands across our core markets, as promised. We are now in the driver’s seat on over 20 assets across Michigan — one of the largest and fastest growing cannabis markets in the country. . . . As we take full control of our Michigan operations from seed- to-sale, our anticipated 2022 initiatives include extending our branded product lines, updating our dispensaries to heighten the customer experience, creating supply chain efficiencies and growing revenue and profitability.”

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

About Red White & Bloom Brands Inc.

Red White & Bloom Brands is positioning itself to be one of the top-three multistate cannabis operators active in the U.S. legal cannabis and hemp sectors. 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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The USDA announced last week that it would be teaming up with Cornell University to hold a webinar series that promoted hemp education. According to a press release, the series will feature experts in hemp production, research and academia as well as the private industry.

The first episode, which was held last week, focused on outdoor growing of hemp. The next episode will look into the indoor cultivation of hemp. Other topics to be discussed over the next couple of months include the economics of hemp production, the endocannabinoid system, genetics, food sciences, hemp extraction and hemp processing.

Zachary Stansell, the acting hemp curator in the Department of Agriculture, stated that the department’s Agricultural Research Service (“ARS”) dealt with agricultural challenges which affected all Americans. Stansell explained that hemp was emerging as an economically significant and multiuse crop, which was why the series was designed to increase the inclusivity, equity and diversity of the ARS’ mission while offering hemp-specific training, education and networking opportunities to communities that had historically been underserved.

For every event, experts will discuss the topic in question for about 40 minutes, after which participants will be allowed to ask questions. This partnership announcement comes after the USDA revealed that it was taking necessary action to improve insurance policies for businesses dealing with hemp in an attempt to make them more flexible.

Since hemp was legalized under the 2018 farm bill, the department has sought input from stakeholders as the industry grows in addition to taking some steps to align insurance policies of hemp with those of other lawful plants. For instance, the USDA made it possible for hemp cultivators to quality for Multi-Peril Crop Insurance in 2020, in addition to a couple of other coverage programs for which the plant is now eligible.

The USDA also launched a large-scale survey for hemp farmers as part of its overall outreach to gain insight into the current hemp market. The response forms for this survey, which began in August, can be filled out online or via mail.

In the survey, the department asks questions about the primary and secondary uses of hemp, acreage needed for operations, outdoor hemp production plans and prices producers usually bring in. The department’s main areas of interest include extracts such as CBD, smokable hemp, the plant’s seeds and fiber and grain for human consumption.

The survey is being completed in partnership with the University of Kentucky and the National Association of State Departments of Agriculture. Hopefully, the USDA will use the information collected to pass regulations that give sector actors such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) an improved environment within which to do what they do best.

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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Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) reported a 93% year-over-year revenue growth from $6.1 million in Q3 2020 to $11.8 million in Q3 2021. According to RWB chairman and CEO Brad Rogers, the company made excellent progress in laying additional building blocks in its core operating states of Florida, Michigan and California to become more vertically integrated “where it will be most profitable.” In Florida, the company’s operations include active cannabis cultivation sites, an operational processing facility and a dispensary. In Michigan, RWB expects to be vertically integrated upon closing a pending acquisition of an investee whose Michigan facilities include active and planned dispensaries, cultivation sites and company-owned real estate holdings. A recent article quotes Red White & Bloom CFO Chris Ecken as saying, “RWB is being very strategic in pursuing vertical integration only when there is value to be added. We aim to be asset light and brand rich. Our strategy is to support the brands in the most profitable way. As RWB integrated vertically in multiple states, we anticipate that our margins will dramatically increase, enabling us to move toward profitability.”

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

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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Many Americans have revealed in a new poll that they have no problem electing an individual who uses marijuana. According to the survey conducted by YouGov, 58% of the interviewees indicated that they would elect someone who takes marijuana in their free time. However, 21% wouldn’t cast that vote.

The data used in the survey was collected from 4,096 individuals based in the United States. This survey comes at about the same time that Senate candidate Gary Chambers (D) released a campaign ad in which he was smoking cannabis. During the now-viral video, Chambers discusses the racial discrimination that comes with the prohibition.

Results from the poll also revealed that the majority of Democrats would be fine with voting in a casual user, with 68% of this group saying that they would be willing to vote in such a person while 15% wouldn’t. Meanwhile 47% of Republicans said they would vote for a candidate who uses marijuana as long as the candidate aligns with their other views.

In a survey conducted by Gallup in 2020, findings revealed that there was an increasing acceptance of candidates who use cannabis. The interviewers found that the consumption of cannabis was more morally acceptable than gay relations, animal testing, a woman’s right to choose whether to abort or not, and the removal of the death penalty.

With increasing legislation of marijuana rolling across the country, there has been rising support from people running for different offices. Incidents of candidates as well as sitting politicians publicly consuming marijuana and sharing its benefits have increased.

Chambers’ campaign video might have hit the mainstream, but this is not the first time a political candidate has done this. In 2020 while running for office in Illinois, Anthony Clark shared his experience using marijuana and even smoked a joint during an ad for his campaign. He hosted a weed party and called for legal reforms. In 2019, House Representative James Comer displayed the CBD oil products that he used in front of a committee hearing. A similar occurrence was seen when State Governor Jay Inslee mentioned that he legally grows marijuana while referring to the Washington State’s laws on cultivation.

It does not come as a surprise, therefore, that public perception on marijuana supports its legality. A recent survey funded by Smart Approaches to Marijuana revealed that as many as 68% of Americans would want cannabis to be legal and regulated for recreational and medical purposes.

As much as the majority supports ending prohibition, it is notable that President Joseph Biden has not made any reforms since beginning his presidency. In a separate YouGov survey, the majority of Americans believe that he will not fulfill his campaign promise of cannabis decriminalization.

The growing support for marijuana legalization has thus far not translated into meaningful legal reforms at the federal level, and this must be frustrating to industry players such as Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) that have to navigate a complex legal maze just to operate in jurisdictions which have created enabling laws.

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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President Joseph Biden won office on a mostly progressive platform; he wanted to completely electrify the country’s transport sector and pass modest cannabis reform. Although most drug reform activists would much rather prefer more comprehensive reform, Biden was able to beat former President Donald Trump and take office. Since then, Biden has invested a significant amount of time working on an infrastructure bill that would, among other things, build a public network of charging stations.

However, a year after the Democrats clinched the Senate, House and White House, cannabis reform advocates say Biden still hasn’t acted on any of his modest cannabis promises. In fact, his administration’s actions on cannabis policy have been, by and large, restrictive and even hostile. Cannabis is still criminalized under federal law; thousands of individuals are still imprisoned for nonviolent cannabis offenses and the Controlled Substances Act still classifies cannabis as a Schedule I controlled substance with no medical use.

This is despite the fact that more than 30 states have legalized cannabis for medical use and around 3.6 million patients across the country are actively benefiting from medical cannabis products made by leading companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF).

One positive thing the Biden administration has done for cannabis policy has been to let states implement their own cannabis policies without federal intervention. However, the federal government’s hands-off policy when it comes to the state-legal marijuana industry has also led to a lack of clarity that causes problems for both consumers and industry stakeholders. Furthermore, the U.S. Department of Housing and Urban Development (HUD) continues to deny people who use state-legal cannabis access to federally assisted housing.

Given the fact that Biden made marijuana policy a part of his presidential campaign platform, many advocates are disappointed that he still hasn’t made any moves. The fact that the White House punished staff who admitted to past marijuana use and included a budget proposal to ban Washington, DC, from legalizing marijuana sales doesn’t help. Morgan Fox, NORML’s new political director says, it is “extremely disappointing that Biden has failed to live up to his campaign promises and has even made moves designed to set the burgeoning industry back.”

The administration’s inaction on even modest cannabis reforms for the past 12 months is “inexcusable,” says Fox, and it is a betrayal of the voters who put Biden in the Oval Office. This disregard for cannabis reform will undoubtedly have a negative impact on the Democratic Party come the 2024 elections, he predicts.

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

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Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) is riding the popularity of its trademarked Platinum Vape to remarkable revenue growth, recording a 93% year-over-year increase in its recently released third-quarter financial report. “The financial results note that the majority of the company’s revenue comes from sales of cannabis finished products through third-party wholesaling to retailers, delivering quarterly revenue of $11.8 million and EBITDA of $5.9 million that reverses an EBITDA loss of $5.8 million in Q3 2020 for a gain of $11.9 million,” reads a recent article, which also includes comments by RWB chairman and CEO Brad Rogers as well as CFO Chris Ecken. On his part, Rogers said, “In the third quarter, we made excellent progress in laying additional building blocks in our core operating states of Florida, Michigan and California to become more vertically integrated where it will be most profitable… This will help drive increased revenue and margins for the company.” Ecken further added, “RWB is being very strategic in pursuing vertical integration only when there is value to be added. We aim to be asset light and brand rich.”

To view the full article, visit https://cnw.fm/OfGf8

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

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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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