420 with CNW – What You Need to Know to Be a Savvy Buyer of Marijuana Edibles

Marijuana edibles have seen a spike in popularity the past few weeks. With the coronavirus tearing through the world, medical experts have warned people against smoking. It attacks the respiratory system, and smoking puts you at greater risk of developing serious symptoms and succumbing to the virus.

However, you still need your daily dose of cannabis, and if you’re a beginner, now is definitely the best time to start. Despite the fact that edibles are a far safer option compared to smoking, they tend to get a bad rap, especially with new users. With the right approach, though, edibles can become your most preferred method for consuming cannabis.

Dosing is where most new beginners fail. The average edible is much stronger than a joint, and you have to take that into account. Many a beginner has had an entire batch of edibles in ignorance and lived to regret it.

For new users, microdosing is a good way to go. A microdose of 1-5mg of THC will take the edge off, leaving you feeling a little high, but still sharp and focused. It’s like swimming, you don’t jump into the deep end on your first day. You have to work towards it.

A medium dose of 5-10 mg of THC will leave you feeling distinctly high, but not too high. Think of it like wading between the shallow and deep ends. You’ve got some swimming experience now, but not enough to be comfortable in the deep end.

Anything above 10mg of THC is a macro dose, and it is reserved for the veterans. If you have extensive experience with marijuana and edibles especially, this is for you.

What should you consider before purchasing an edible? Well, you should always be wary of what you put in your body, and the best way to do that would be to study the ingredients. Anything that seems too wordy or ‘sciencey’ should immediately raise your antenna.

Price too should be a factor. You should be wary if the product seems too affordable. Something may have been compromised or corners may have been cut to reach such a low price. Opt for a quality product and make sure you read online reviews before making any purchases.

Lastly, don’t forget that edibles take longer to kick in. They first have to be digested before the THC is transported to the liver to be metabolized. This can take anything from thirty minutes to an hour or two to kick in.

It depends on how much THC is present, the type of edible, metabolism, sex, weight, and tolerance to cannabis. The only way you’ll know is through experience, and if you’re a beginner, a microdose would be the best start towards understanding how your body responds to cannabis. This may be the reason why cannabis sector players like Sugarmade Inc. (OTCQB: SGMD) emphasize that customers read as much as they can about a cannabis product before buying it.

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 – Sugarmade, Inc. (SGMD) Receives $10M in New Orders for Sanitary and Personal Protective Supplies Amidst the Re-Opening of America

Sugarmade (OTCQB: SGMD) today announced its receipt of over $10 million in new orders for consumable sanitary supplies and non-medical personal protective items as America prepares to get back to work. As businesses across the country are scrambling for supplies in preparation to reopen, facing moral and legal obligations to protect their workers, Sugarmade’s CarryOutsupplies.com operating unit is benefiting in helping to meet this demand. “We have never seen anything like this situation. We believe we are in a unique situation relative to the re-opening of America,” Sugarmade CEO Jimmy Chan stated in the news release. “Approximately two months ago we began importing consumable sanitary supplies and non-medical personal protective gear. As it turns out, this was a wise move. We sold out of nearly all of what we received. Fortunately, we have the sourcing and trans-Pacific logistical experience to bring in much larger quantities to help meet the insatiable demand that is developing as business, universities, and government institutions order supplies to protect their workers and customers. We have a lot more product in the supply chain that will soon be headed to our customers.”

To view the full press release, visit http://cnw.fm/CU7cB

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. More information on Sugarmade can be accessed at: www.Sugarmade.com. Sugarmade sees opportunities in business operations that combine the best areas of on-demand consumer distribution with certain areas of synergistic manufacturing and packaging to create a business model that capitalizes on the many changes in the cannabis industry. The company has made agreements with several market participants, which will be announced within Q1 and Q2 of calendar year 2020. The company views these opportunities as very scalable and capable of producing strong revenue growth for the company.

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

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 – Released Memo Sheds Light on DEA’s Reluctance to License Additional Marijuana Producers

For more than four decades, the only entity allowed by the Drug Enforcement Administration (DEA) to produce marijuana for research has been the National Center for Natural Products Research at the University of Mississippi under a contract with the National Institute on Drug Abuse. Proponents for research into marijuana’s medical abilities have long decried this monopoly, stating that it held back research.

It seems that the Justice Department’s Office of Legal Counsel (OLC) concurs after a newly released 2018 memo stated that this arrangement has always been illegal. According to the memo, an international treaty requires tighter controls on the production and distribution of marijuana. This partly explains why the DEA has been hesitant to license additional marijuana suppliers.

For a very long time, researchers have complained about the quality and variety of marijuana produced by NIDA. State-licensed dispensaries provide marijuana that’s much better on both counts, but researchers cannot use it. Dr. Sue Sisley, president of the Scottsdale Research Institute (SRI) was researching marijuana’s effect on military vets with PTSD, and she wasn’t happy with the cannabis she received from NIDA.

“The marijuana was a powdery mishmash of stems, sticks, and leaves,” she says. The THC levels were quite low at 8%, far lower than state-legal marijuana. The cannabis also tested positive for mold and yeast.

In August 2016, the DEA announced that it was accepting applications from additional marijuana suppliers. Dozens of entities sent in their applications but years later, not even one had been approved. It turns out Attorney General Jeff Sessions, an old fashioned anti-drug warrior, had gone out of his way to interfere with the process.

In 2018, Sessions reported that the DEA and the Department of Justice were moving forward with the licensing process. However, he alluded to an international treaty that required revision of ‘the previous proposal’. The memo released by the OLC fleshes out his statement.

In 1970, Congress incorporated the Single Convention on Narcotic Drugs of 1961 requirements into parts of the Controlled Substances Act. The Convention requires that a single government agency oversee cultivation and take physical possession of such crops as soon as possible, but not four months after the end of the harvest.

The agreement between the DEA and NIDA doesn’t meet these conditions. Both of them are part of different agencies. Additionally, the DEA doesn’t take physical possession of the crops, and it doesn’t have exclusive rights to wholesale trading and maintaining stock, another provision of the Convention.

The DEA published marijuana regulations on March 23, stating that it wants to “amend its regulations to comply with requirements of the Controlled Substances Act, including consistency with treaty obligations, in order to facilitate the cultivation of marijuana for research purposes and other licit purposes.”

It would be interesting to hear what cannabis companies like Sugarmade Inc. (OTCQB: SGMD) think about the revelations that have come to light after the memo which was a secret document was finally released to the public.

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 – Sugarmade, Inc. (SGMD) Sees Significant Jump in Budcars Cannabis Deliveries in March

Sugarmade (OTCQB: SGMD) recently acquired a significant stake in Sacramento-based Budcars Cannabis Delivery Service (http://cnw.fm/jUX5t). An article discussing the company reads, “An agreement announced in February 2020 stipulated that Sugarmade would acquire 40% of Budcars and would be granted an option to purchase an additional 30% stake, ultimately providing SGMD with a controlling interest in the growing delivery service, which serves the greater Sacramento metropolitan area. Budcars delivers a wide range of cannabis products to the metropolitan area, where the population is showing growing acceptance of cannabis usage and delivery and scores above the 50 percentile in terms of cannabis usage per capita. . . . Less than a month after making that initial announcement, Sugarmade followed with a second, even more impressive, statement. Since becoming heavily involved in the day-to-day operational and strategic foundation of Budcars following its initial investment and investor agreement, SGMD had seen a dramatic expansion in overall delivery volume with March deliveries topping February volume by more than 300%.”

To view the full article, visit http://cnw.fm/rFW7V

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. More information on Sugarmade can be accessed at: www.Sugarmade.com. Sugarmade sees opportunities in business operations that combine the best areas of on-demand consumer distribution with certain areas of synergistic manufacturing and packaging to create a business model that capitalizes on the many changes in the cannabis industry. The company has made agreements with several market participants, which will be announced within Q1 and Q2 of calendar year 2020. The company views these opportunities as very scalable and capable of producing strong revenue growth for the company.

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

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 – New Mexico Governor Regrets Missed Opportunity to Legalize Cannabis Before COVID-19 Pandemic

One of the best arguments for legalizing cannabis has been the tax revenue states stand to earn. Aside from providing employment opportunities, a legal cannabis market can generate millions in tax revenue. And at a time like this when most businesses are shut down while the cannabis industry still soldiers on, that revenue would have been a lifesaver.

The governor of New Mexico recently said that she regretted the fact that the state hadn’t yet legalized recreational marijuana. In a press conference last week, Governor Michelle Lynn Lujan was asked how she planned to address the financial uncertainty caused by the coronavirus outbreak, and she said that although steps were being taken to handle it, she regretted losing cannabis as a source of revenue.

“If there was a time for wishful thinking, I wish we had passed recreational cannabis because that would be $100 million in tax revenue,” she says, acknowledging that the estimate was made before the outbreak.

“Nevertheless, a regulated marijuana market would be $100 million in the budget, and I’m very sad about that.”

Last year, she formed a working group to develop a legalization plan ahead of the January 2020 legislative session. The group estimated that the combined tax revenue from medical and recreational cannabis sales would be $100 annually, with sales reaching $620 million by the fifth year of legalization.

However, as the governor stated, the estimates were made before the coronavirus broke out. With most businesses shut down and stay at home orders in place, the economy is in shambles. On top of that, essential businesses like cannabis have to adhere to social distancing measures which would without a doubt affect sales. Consequently, the state would receive reduced tax revenue.

Additionally, a prior legalization bill that failed to pass stipulated that sales would begin on July 1. So even if it had been passed, the state wouldn’t have been able to collect the tax revenue.

The federal government deployed relief funds for small businesses, but since cannabis is still illegal at the federal level, marijuana businesses have been barred from accessing them. This has made it even harder for them to continue operating during the lockdown. However, a coalition of stakeholders and lawmakers are urging lawmakers to allow the state-legal cannabis industry to access the next coronavirus relief funds.

Governor Lujan had previously stated that she was open to letting voters decide on marijuana legalization through a ballot referendum. She also called for a special session but a spokesperson said that it is unlikely the reform will be pursued. Additionally, House Speaker Brian Egolf has stated that it is unlikely cannabis legalization will be part of a special session before the end of the year.

Analysts say the views expressed by Gov. Lujan show that what the cannabis industry players like Sugarmade Inc. (OTCQB: SGMD) have always said about the economic potential of marijuana is true for jurisdictions that legalize the industry.

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 – Lebanon Legalizes Medical Cannabis Amid Coronavirus Economic Hardships

One of the most compelling reasons for the legalization of marijuana has been to earn tax revenue from sales. Arguably the most used drug, it is subject to constant demand, and governments can tap into this wealth of resources. States such as Colorado with thriving marijuana programs have pulled in close to $1 billion from legal marijuana sales.

And with the coronavirus sweeping through the world and wreaking havoc on the global economy, some experts have said legalizing marijuana could be a good way to kickstart the economy. Lebanon, it seems, has taken this advice to heart. This week, the Lebanese government passed legislation to legalize cannabis cultivation for medical and industrial reasons.

The country’s economy had been struggling even before the coronavirus outbreak, and the crisis only exacerbated an already dire situation. According to lawmakers who supported the bill, their decision was “driven by economic motives, nothing else.”

“We have moral and social reservations, but today there is the need to help the economy by any means,” said Alain Aoun, a senior MP in the Free Patriotic Movement.

Despite being illegal before the legislation was passed, cannabis was being grown openly in the fertile and impoverished Bekaa Valley. The United Nations states that the country is the world’s third-largest supplier of cannabis resin, or hashish, after Morocco and Afghanistan. With the new legislation in place, the country will now proceed with regulating the already existing cultivation efforts and halt all unlawful production.

Recreational use will remain illegal, however. The new legislation will enable Lebanon to build a multi-million dollar legal cannabis industry that produces pharmaceutical items such as CBD oil, wellness products as well as industrial products like fibers for textiles.

In 2018, the Lebanese government hired New York-based global consulting company McKinsey & Co to advise the country on how to address its spiraling economy. McKinsey suggested legalizing marijuana, estimating that a legal cannabis sector could generate as much as $1 billion annually.

Legalization activists have raised some concerns about the measure, stating that they feel it doesn’t go far enough. Recreational cannabis use should also be decriminalized, they say.

The move to legalize marijuana has been met with opposition from Lebanese party Hezbollah. According to Hilal Khashan, a professor of political studies and public administration at the American University of Beirut, legalizing cannabis would not be nearly enough to address the country’s economic concerns. He adds that the government may be unable to successfully implement the law, given Hezbollah’s opposition.

“Hezbollah is a primary beneficiary of cannabis trafficking. The only way for Hezbollah to accept the ratification of the law is to be directly involved in its implementation, that is, get its share from it,” he says.

Experts believe that despite the opposition from some sections of the political class, North American cannabis sector actors like Sugarmade Inc. (OTCQB: SGMD) may be pleased that the Lebanese people will soon have the option of using medical marijuana to address their health and wellness needs.

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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CannabisNewsBreaks – Cannabis Global, Inc. (MCTC) and Sugarmade, Inc.’s (SGMD) BudCars Enter License Agreement for Production of Super-Premium Edibles for the California Marketplace

Cannabis Global (OTC: MCTC), a cannabinoid and hemp extract science forward company developing infusion and delivery technologies, today announced the licensing of several patent-pending technologies to Sugarmade’s (OTCQB: SGMD) Sacramento-based BudCars Cannabis Delivery Service for use in cannabis edibles for the regulated California marketplace. Under the agreement, Cannabis Global will license its unique cannabinoid infusion technologies to BudCars for the production of super-premium, highly bioavailable cannabis edibles. “We have developed and have pending patents on several technologies that not only make the production of cannabis edibles less expensive but also improve product quality.  While we are rolling out our own hemp-oriented product lines utilizing these technologies, we are now able to leverage these developments via licensing arrangements to manufactures within the regulated cannabis markets,” Cannabis Global CEO Arman Tabatabaei stated in the news release. “We are looking forward to our working relationship with BudCars and Sugarmade.”

To view the full press release, visit http://cnw.fm/6kMBd

About Cannabis Global, Inc.

Cannabis Global, Inc. (MCTC) is a Nevada registered, fully reporting and audited publicly-traded company. With the hemp and cannabis industries moving very quickly and with a growing number of market entrants, Cannabis Global plans to concentrate its efforts on the middle portions of the hemp and cannabis value chain. The company plans to actively pursue R&D programs and productization for exotic cannabinoid isolation, bioenhancement of cannabinoids and polymeric solid nanoparticles and nanofibers for addition into consumer products and for dermal application. The company was reorganized during June of 2019 and announced its intent to enter the fast-growing cannabis sector. The company is headed and managed by a group of highly experienced cannabis industry pioneers and entrepreneurs. For more information, visit the company’s website at www.CannabisGlobalinc.com.

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

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 – How Criminalizing Marijuana is Undermining COVID-19 Response Efforts

The Coronavirus crisis has shown just how unprepared we all were for a pandemic. To be fair, though, the last time we faced something quite like this was 100 years ago. The most we can do now is try to mitigate the spread of the virus and pick up the pieces when we emerge on the other side.

At the moment, the federal and state governments have implemented various policies to help flatten the curve and reduce the virus’s impact. These range from promoting self-isolation and social distancing to closing down all but the most essential businesses. However, according to Steve Hawkins, Marijuana Policy Project Executive Director, one public policy that will ultimately undermine the Coronavirus response is marijuana criminalization.

Although some police departments and prosecutors have already determined that prosecuting low-level offenses such as cannabis possession is counterintuitive and puts police, prosecutors and the public at risk, there have been news reports that indicate arrests for marijuana possession have continued.

“As governments work to minimize the negative impacts of COVID-19, it’s clear that punitive cannabis laws and unnecessarily strict regulations serve as far more of a hindrance than a help,” he says. It greatly increases the risk of exposure to the virus for both the users and law enforcement personnel.

Hawkins stresses that keeping the virus out of the country’s infamously overcrowded prisons should be a top priority, especially given how quickly it would spread within the inmates. “It would be a disaster if the Coronavirus becomes prevalent in America’s overcrowded jails and prisons,” he says.

“Criminal justice reform organizations have called for the release of low-risk inmates such as those convicted of cannabis offenses. This step should be taken as swiftly as possible to protect all staff and inmates at correctional facilities.”

The virus has also had a catastrophic effect on the economy, with more than 20 million Americans losing their jobs in a little over a month. Most experts project tough times ahead, with the IMF stating that the crisis is the worst economic decline since the Great Depression of the 1930s.

The state-legal cannabis sector employs more than 200,000 people, a lot of whom are still working after cannabis was deemed essential. The industry could help kickstart the economy through tax revenue as well as by providing gainful employment.

“As we all take time to re-evaluate our nation’s public policy priorities, cannabis and criminal justice should be more important parts of the conversation,” states Hawkins.

“Policymakers, including state legislators, governors and members of Congress, should take advantage of this opportunity to acknowledge that cannabis prohibition does not protect public health and safety, and they should support enacting reasonable policy alternatives on both a temporary and permanent basis.”

Experts think the cannabis industry, including players like Round Meadow Holdings Corp. and Sugarmade Inc. (OTCQB: SGMD), shares the sentiments expressed by the head of the Marijuana Policy Project.

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 – COVID-19 Reshapes the Marijuana Industry’s Long Term Outlook

Three months after the Coronavirus first appeared in Wuhan, China, it has infected over 2 million individuals and claimed at least 130,000 lives worldwide. Experts say more than 70% of the world’s population may end up infected with the virus, and that we may have to practice social distancing in sporadic periods until 2022 to make sure it is completely eradicated. It’s safe to say the pandemic isn’t going away any time soon.

To help curb the spread, most governments have ordered lockdowns, requiring people to self-isolate and all but the most essential businesses to shut down. This has been extremely hard on the economy, with some economists saying the U.S. is already in a recession. The cannabis industry felt the effects of the Coronavirus way before it spread to Europe and the U.S., and it’s very possible that the industry will come out of this pandemic looking and operating very differently. For starters,

Supply chain issues were exposed as soon as China shut down production at the start of the year. The country is a known manufacturer of cheap parts, and most cannabis companies depended on it for materials like vape hardware and packaging. Additionally, the pandemic revealed that there were few, if any, domestic alternatives. Although parts of China have started opening up again, these companies will have to consider the viability of international supply lines.

Real estate opportunities. With the economy at an all-time low, companies that are in the market for real estate after the pandemic dies down will most likely find better deals than they would have before the pandemic. The fact that numerous state governments have deemed marijuana essential is a tacit acknowledgment of its medical abilities, so players looking to cash in on this after the virus dies down will have a plethora of attractive real estate opportunities.

Mergers and Acquisitions. Although cannabis has registered booming sales in the weeks leading to and during the lockdown, some businesses haven’t been doing as well. California’s marijuana industry, for instance, wasn’t in a good place even before the Coronavirus broke out. Companies have been faced with plummeting cannabis stocks and investor retreats that have led to widespread debts.

With the Coronavirus halting almost all business operations and without access to traditional banking services like bank loans, these businesses will be forced to find another way to survive, such as being acquired by a larger firm or merging with one.

However the shutdown may be around for the long haul, so the pandemic’s full effect on the cannabis industry is yet to be determined.

Experts believe that cannabis companies like Sugarmade Inc. (OTCQB: SGMD) are already activating their contingency plans and gearing up for tough times ahead.

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 – Sugarmade, Inc. (SGMD) to Expand BudCars into Southern California Marketplace Through Acquisition of Two Greater-LA Locations

Sugarmade (OTCQB: SGMD), together with its BudCars Cannabis Delivery Service, today announced the expansion of BudCars into the Southern California marketplace through the acquisition of two locations in the greater Los Angeles area. According to the update, the company’s Sacramento locations have been experiencing dramatic growth, with revenues consistently increasing 10% week-over-week, driven by exploding demand for contactless delivery of cannabis products due to the coronavirus lockdown. At these locations, the company now expects to surpass $30 million in annualized revenues. “Our Sacramento locations will pass the $10 million mark for annualized sales within the next 60-90 days,” Sugarmade CEO Jimmy Chan stated in the news release. “The growth has been so dramatic that we have had to drastically revise our expectations to the upside, which demands expansion, both in terms of staff and fleet in Sacramento, and in terms of regional expansion into Southern California. As a result, we are acquiring two distribution hub locations in the LA area with cannabis licenses included so we can hit the ground running.”

To view the full press release, visit http://cnw.fm/WfMP3

About Sugarmade

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. More information on Sugarmade can be accessed at: www.Sugarmade.com. Sugarmade sees opportunities in business operations that combine the best areas of on-demand consumer distribution with certain areas of synergistic manufacturing and packaging to create a business model that capitalizes on the many changes in the cannabis industry. The company has made agreements with several market participants, which will be announced within Q1 and Q2 of Calendar Year 2020. The company views these opportunities as very scalable and capable of producing strong revenue growth for the company.

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

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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