420 with CNW — Florida Judge Rules That Ordering Medical Cannabis Online Is Legal

Last week, an administrative law judge issued a ruling stating that medical cannabis operators and patients who use medical cannabis in the state of Florida could resume selling and buying cannabis products online.

Up until February of this year, most medical cannabis operators in the state relied on a popular e-commerce marijuana company I Heart Jane and Leafly to offer online shopping services to patients who use medical cannabis in Florida. However, state health officials prohibited these operators from using third-party sites such as Leafly to process medical cannabis patient orders, arguing that they were in violation of state laws which prohibited operators from contracting for services directly associated with the growing, processing and dispensing of marijuana. The Department of Health issued a memo that same month that stipulated that the department would impose a $5,000 fine on any continuing to use these services.

The memo stated that these services were banned under a 2017 legislation that established a structure for the Florida marijuana industry. The law stipulates that medical cannabis operators should control all aspects of the business including the growing, processing and dispensation of its products, instead of allowing other companies to handle individual components of the business.

The then-chief of staff at the Department of Health, Courtney Coppola, noted that contracting with third-party websites for services directly associated with cannabis dispensation was a violation of this provision. However, Leafly Holdings refuted this claim, noting that it wasn’t engaging in activities associated with the dispensation of marijuana products because it didn’t distribute these products to patients or accept payment for the product.

The Seattle-based company filed a petition requesting the administrative law judge to decide whether the Department of Health in the state of Florida used an invalid law to conclude that the company’s online services violated the law. Judge Suzanne Van Wyk, who presided over the case, gave the ruling on Monday and ordered that the state agency discontinue reliance on its policy with immediate effect.

Leafly and other sites enable patients to see product availability, compare prices and shop online from dispensaries. Patients who order their products online are notified when their orders are ready. However, patients have to pick up the products and pay for them in person at their preferred dispensary location. Licensed medical marijuana treatment centers pay these e-commerce companies for ordering, advertising and marketing services on a subscription basis.

Such lawsuits and rulings help to clarify the boundaries of what is legal and what isn’t for all sector players, including Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), and consumers are the ultimate winners when everyone is playing by the same rules.

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) on Target to Become House of Brands, Great Channel Partner

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) recently welcomed former U.S. Congressman and now public policy consultant Ryan Costello to its board of directors. Costello is expected to deepen RWB’s U.S.-based representation, which is key as federal policy on cannabis shifts. The company also announced that it has built a new production facility to good manufacturing practice (“GMP”) specifications in Florida as part of an effort to capitalize on the growing cannabis derivative market there. The Florida facility is built to accommodate the demand for edibles. “Red White & Bloom has built a branded capsule and rosin line as well as a proprietary line of chocolates that the company expects to have out to medical patients by the end of the year,” reads a recent article. RWB also recently received adult recreational use prequalification status in Michigan. Speaking following the announcement, RWB chairman and CEO Brad Rogers notes, “This now provides a clear path for us to fully execute our strategy of being the house of brands and being great channel partners to all of our distribution points as well as our own planned flagship locations.”

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

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, Florida, 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 — Real Estate Survey Shows Proximity to Marijuana Firms Is Attractive

In just a few short years, marijuana reform legislation has had a major impact. The nascent industry has created thousands of new jobs, generated billions of dollars in revenue and filled state coffers with millions in tax money. With every passing day, attitudes on the controversial plant are evolving and changing, undoing the damage done by decades of federal prohibition little by little.

That was very evident when most states with legal cannabis markets declared it essential and went to great lengths to ensure people still had access to their medical marijuana, especially immunocompromised individuals who had no choice but to self-isolate. Now, a new survey has uncovered that a portion of Americans find homes in legal states with proximity to cannabis businesses to be more attractive compared to those with no access to cannabis.

Published by real estate company Redfin, the study found that almost one-half of Americans, 46% to be exact, would prefer to live in locations that allowed cannabis rather than those that criminalized the drug. The survey involved 1,023 U.S. residents who had moved into a new home in the past 18 months. Of the 46% who preferred locations with cannabis access, 34% wanted to live in such locations while 12% said that they would only live where cannabis was legal.

However, legal marijuana was not an attraction for everyone, with 22% of the respondents preferring to live in places that still prohibited cannabis. Of these individuals, 10% were certain that they would never live in a place that allowed cannabis while the remaining 12% preferred to live in such locations but could probably be swayed by other factors.

A reported 32% of the respondents did not care either way and would not use cannabis legality to decide where they would live. Taylor Marr, Redfin’s deputy chief economist, says that while people will consider the politics of a place when deciding where to move, factors such as affordability, easy access to jobs and proximity to schools often take precedence.

Still, this survey joins a growing body of research showing that cannabis can have a positive impact on real estate values. An analysis from Clever Real Estate that leveraged data from online real estate marketplace Zillow revealed that marijuana policies were often associated with higher home property values, with legal cannabis states seeing home values increase by $6,338. This is partly because the tax revenue generated from cannabis sales can be invested in the community and used to develop infrastructure and public services.

As time goes by, science is likely to reveal even more economic and other benefits that come from having marijuana firms such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) being allowed to operate legally not just at state level but federally.

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420 with CNW — Nearly Half of American Consumers Prefer Cannabis over Alcohol

A report recently published by New Frontier Data examined different features of health and wellness-related consumption patterns among current marijuana consumers in the United States. New Frontier Data is the leading technology, data and analytics company that specializes in the global marijuana industry. The latest report was released in partnership with Jointly and SōRSE.

Marijuana legalization in different states across the country has allowed marijuana-friendly yoga spaces and marijuana social lounges to be established as alternatives to conventional spaces. Currently, medical marijuana is legal in 36 states in the United States. while its recreational use is legal in 18 states, as well as Guam, the Northern Mariana Islands and the District of Columbia.

The increasing acceptability of marijuana use in regulated social and public spaces, as well as outside an individual’s home, offers various opportunities for consumers to access marijuana to improve their social, mental and physical well-being.

The study found that as marijuana normalization continued to grow across the U.S. market, so did its consumption. The report noted that roughly 22% of individuals use marijuana in support of their general wellness. Another 79% reported that marijuana had an overwhelmingly positive effect on their lives.

Executive chair and founder of New Frontier Data Giadha A. DeCarcer stated that the U.S. marijuana consumer base was diversifying, with reasons for the plant’s use extending beyond its recreational use into broader wellness and medical applications. DeCarcer noted that the company was now focused on reporting on marijuana consumer behavior and expanding into more refined aspects of marijuana’s medical use across Europe and North America. This, she said, would offer industry stakeholders a 360-degree view of the marijuana consumer opportunity.

The report’s key findings include the following:

As the legal access to cannabis-infused beverages grows, alcohol replacement could possibly become more successful for consumers. The report found that almost 48% of marijuana consumers are replacing some alcohol use with marijuana. This means that opportunities for producers of infused drinks exist, as the beverages are increasingly considered to be more suitable replacements for alcoholic drinks.
Combining exercise and marijuana challenges the stereotype that describes individuals who consume marijuana as unhealthy and living a sedentary lifestyle. The report found that 13% of cannabis consumers regularly used the herb before exercise to enhance training.
The report also found that stress relief was one of the main reasons for marijuana use, with more than 50% of current consumers admitting that they consumed marijuana to improve their mental health amid the pandemic.

This growing acceptance of marijuana could explain why companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are expanding their footprint across the country at such a high pace.

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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420 with CNW — Research Firm Plans to Study Use of Cannabis as Analgesic

CBD Science Group PLC plans to conduct large-scale trials to evaluate the use of cannabis in managing pain in cancer patients where conventional pain relief isn’t adequate. This will provide an alternative to opioids, which sometimes induce unwanted side effects or interfere with ongoing cancer treatments. Scientists at CBD plan to investigate the use of marijuana-based analgesics, with chief commercial officer Graeme McFarlane stating that the trials will measure the effectiveness and safety of these analgesics in addition to other variables.

McFarlane explained that the company would use various tools including clinician reporting and self-reporting in patients in its evaluations. This is in addition to exploring the health economics of these medicines and evaluating the actual value of these natural medicines.

The company is planning to begin its research in second quarter 2022 after securing a strong supply chain that can meet its trial requirements. The company may have sufficient evidence to present to the regulatory bodies in the United Kingdom by Q2 2023.

McFarlane also stated that before CBD Science Group expanded to other centers in Europe and the United Kingdom, it would begin trials with 100 to 200 patients. He added that this was what was required for an effective strategy.

In addition to this, he explained that the company would not be conducting randomized controlled trials because the planned studies weren’t designed to use larger datasets, in addition to other factors. He noted that a drug performing well in clinical trials didn’t directly translate to it performing well in the real world.

The company expects to release outcome publications during its study period, with company officials noting that this approach will continue improving access for the many individuals suffering from various indications, in addition to offering a tool to educate clinicians.

At the moment, the company is crowd funding to finance early trials, with its objective being to raise £2 million ($2.74 million). In the long term, the CBD Science Group plans to approach the stock market to source for the capital it needs to develop and expand its business.

The company’s team is made up of the lead for cancer at the National Institute for Health Research Professor Sam Ahmedzai and former NHS England deputy medical director Professor Mike Bewick. The team is also comprised of renowned experts in anaesthetics, pharmacology and palliative care. CBD Science Group CEO Dr. Michael Raymont notes that the company’s strategy is unique and has been developed by experts who understand the regulatory framework and want the best for patients.

If this study yields positive outcomes regarding the analgesic attributes of marijuana, the entire cannabis sector including companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) will be vindicated in their conviction that the medicinal potential of cannabis is yet to be fully understood.

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420 with CNW — Researcher Finds Alternative Use for CBD By-Product

Similar to the cannabis industry, the CBD industry is growing at a rapid rate, with forecasts showing that in less than a decade, the market will have a value in the billions.

CBD, or cannabidiol in full, is produced by extracting oils from hemp. It has different uses and is becoming popular as an alternative treatment to various health challenges. Researchers from Virginia Tech may have found a new use for these nonpsychoactive hemp oils: making plywood stronger.

College of Natural Resources and Environment undergraduate Emilie Kohler studied the possibility of using a by-product of the CBD extraction process as an agent in the production of materials such as structural composite lumber and plywood. Kohler found that pectin, which is a jelly-like substance that can be found in most plant cell walls, could be used as a modifier in adhesives for wood. The undergraduate, who is majoring in sustainable biomaterials science, conducted an analysis of pectin’s flow properties.

Currently, pectin is used in jams and jellies because of its tendency to form a gel that doesn’t flow easily. Director of the Wood-Based Composites Center at the institution, Professor Chip Frazier, stated that the hemp industry was providing new avenues for scientists looking for alternative biological materials.

Frazier, who supervised Kohler’s study, explained that presently the industry generated huge quantities of solvent-extracted hemp flower and, given that biomass is viewed as waste, it was a bit on the higher side to use it as a raw material. The study’s results are yet to be determined, but Kohler notes that pectin shows promise. She explained that pectin could be classified as low-methoxyl or high-methoxyl pectin.

Low-methoxyl pectin typically gels with calcium ions, which are commonly found in adhesives, while high-methoxyl pectin is used in jams and jellies because its sugar content enables it to gel.

Kohler is the institution’s Victor Clay Barringer Endowed Scholarship recipient. She explained that she discovered the field of biomaterials unintentionally, noting that she was excited to have contributed to research in an emerging area. She added that isolating pectin was a chance to gain a greater appreciation for the sustainable biomaterials field.

Frazier is Kohler’s mentor as well as the Thomas M. Brooks Professor of Sustainable Biomaterials at the institution. He notes that Kohler is qualified to take on this study.

Firms such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) making CBD products could soon have an avenue to use the wastes generated from CBD extraction processes.

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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CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Subsidiary Receives Cannabis Cultivation License, Commences Grow Operations

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, announced that its subsidiary, Red White & Bloom Florida LLC, has received approval to begin growth operations at its 45,000-square-foot greenhouse in Apopka, Florida. The company has completed phase one of its cultivation strategy and is in the midst of a three-phase development plan for two Florida cultivation centers. The centers are part RWBYF’s plan to produce adequate inventory for existing and new dispensary openings planned for Q1 2022. The company had plants at the greenhouse ready to plant as soon as approval was receive; the growth operations began on Sept. 30, 2021. According to the announcement, projected flower production at the Apopka-licensed facility is 85 g per plant, or almost 10,000 pounds of dried flower per year, with projected annual revenue of more than $10 million. Phase three of Red White & Bloom’s Florida launch is the planned activation of its 113,000-square-foot indoor grow facility in Sanderson, Florida. “We brought this site into production ahead of forecast and ahead of budget, and I’m very proud of our Florida team,” said Red White & Bloom CEO Brad Rogers in the press release. “Despite being relatively new players in the Florida market, I feel we have the most talented team of PhDs and horticulturalists, and an incredible grow infrastructure to bring the highest quality products, rich in terpenes and cannabinoid content, to some of the best retail locations in the state starting in Q1 2022.”

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

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 sector. RWB is predominantly focusing its investments on major U.S. markets, including Michigan, Illinois, Florida, Arizona and California, 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.

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420 with CNW — New Report Forecasts Significant Growth for Global Marijuana Sales

A new report that focuses on the rapid growth of both recreational and medical marijuana sales has been released by New Frontier Data. The report looks at what to expect in the international marijuana industry over the next couple of years, while analyzing the future and current trends in the international markets of Africa, Asia, Oceania, the Caribbean, Latin America, Europe and North America.

In a letter included in the report, Giadha A. DeCarcer, executive chair, publisher and founder of New Frontier Data, stated that the industry would continue to expand and grow. DeCarcer explained that when the first global marijuana industry report was released in 2019, it was clear that the legalization of marijuana would prove to be a significant socioeconomic movement of the present period, noting that in two years, the number of countries that had legalized some form of marijuana had increased to 70, adding that there were 10 countries that had legalized adult-use marijuana.

The report states that last year, the combined total of recreational and medical marijuana sales in the United States was roughly $20 billion, with regulated markets selling almost $24 billion in high-THC marijuana product.

In Canada, about $2 billion in high-THC marijuana products were sold last year. The report notes that the constant increase in marijuana sales in both Canada and the United States could cause sales to increase to roughly $50 billion by the year 2025. The report also found that in countries outside North America, the sale of high-THC products had risen but were still lower overall. For instance, Germany collected an estimated $205 million from its medical marijuana program, which is the largest medical marijuana program in Europe.

In Spain, some provinces have regulations on marijuana sales, despite the fact that the plant is not federally legal in the country. In 2019, marijuana clubs in the country hit $430 million, which makes the country a contender for becoming one of the biggest industries globally, after the United States and Canada.

Last month, a webinar which explored the global marijuana economy’s opportunities, projections and trends was held. John Kagia, chief knowledge officer of New Frontier Data, forecasted that the rate of investment into the global marijuana industry was expected to grow. Currently, $8 billion of capital has been injected into this burgeoning industry.

Recreational marijuana sales are also expected to double medical marijuana sales by 2025. Currently, half a dozen countries have approved the sale of high-THC products while only 10 have legalized recreational marijuana use.

As overall sales grow, it goes without saying that established cannabis companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) will see a sizeable fraction of the total revenues generated.

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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CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Achieves 13% QOQ Revenue Growth, Marks Remarkable Q2 2021

Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF) recently released its financial results for the second quarter of fiscal 2021. The company’s revenue was up 13% to $13.3 million, from $11.8 million in Q1 2021. In addition to a growth in revenue, RWB also received the Florida Department of Health, Office of Medical Marijuana Use approval; closed the acquisition of Acreage Florida; secured 20 double wide fully enclosed cultivation pods that will offer approximately 19,000 square feet of turn-key cultivation space; and completed the more comprehensive portion of Michigan’s two-step application process for medical marijuana licensing through its wholly owned operating subsidiary, RWB Michigan LLC. The company also closed the acquisition of an operational 45,000 SF greenhouse located on 4.7 acres of land in Apopka, Florida. Additionally, by the close of Q2 2021, RWB had completed over $52 million in financing transactions, retiring at least $7.7 million in debt. A recent article reads, “Q2 2021 was remarkable for RWB. Fiscal performance was impressive, and the company also made some strategic decisions and investments that guarantee its growth in performance as time progresses. The company is confident and optimistic about its performance in Q3 as well as the second half of 2021.”

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420 with CNW — Federal Report Finds More Financial Institutions Are Working with Cannabis Businesses

Recently released federal data shows that the number of credit unions and banks working with cannabis businesses has increased in the last quarter. Figures show that by the end of June 2021, 706 financial institutions were actively serving marijuana clients. This is a slight increase from the 687 institutions recorded in the previous quarter.

The data, which was released by the Financial Crimes Enforcement Network, comes at a time when legislators are calling for Congress to protect credit unions and banks that work with the marijuana industry from penalties imposed by federal regulators. This is despite the 2014 Financial Crimes Enforcement Network guidance, which was introduced to help financial institutions navigate this space.

This means that until clear, statutory protections are enacted, either though an amendment attached to a must-pass defense legislation last week or a standalone measure that was approved by the House, the banking sector will remain reluctant to serve businesses that work with substances classified under Schedule I in the Controlled Substances Act.

This can be seen in last year’s figures, which show a consistent decline in the number of credit unions and banks that report having cannabis accounts.

In a statement, the Financial Crimes Enforcement Network stated that short-time drops in the number of depository institutions actively offering banking services to cannabis-related businesses could be explained by filers that exceeded the 90-day follow on SAR filing timeframe. SAR, or a Suspicious Activity Report in full, is a document that financial institutions and those linked to their business must file with the Financial Crimes Enforcement Network whenever there’s a suspected case of fraud or money laundering.

The network explained that sometimes filers took 180 days or more to file continuing activity reports, which went against the 90-day rule that states that a depository institution will no longer be counted as offering banking services until a new guidance-related suspicious activity report is received.

Previous reports from the agency show that it stopped including hemp-only businesses in its quarterly reports after the crop was legalized federally under the 2018 Farm Bill. This may account for some decline observed in earlier data. However, this language wasn’t included in the agency’s latest report. The agency didn’t include the possible effect of the COVID-19 pandemic on cannabis banking trends in its latest report.

The SAFE Baking Act, which was sponsored by Rep. Ed Perlmutter, has a high chance of being approved. This will allow it to provide safeguards to the financial sector.

As a growing number of financial institutions become more receptive to doing business with marijuana firms, the entire sector, including companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF), will have one less bottleneck to deal with.

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