Tag: SGMD

CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Places Hold on Reverse Split, Plans Entry into Regulated and Licensed Portion of Cannabis Marketplace

Sugarmade (OTCQB: SGMD) today announced that it has placed a hold on plans to complete a reverse split of its common shares. Per the update, pending a vote by its board of directors, management believes temporarily holding or canceling the reverse split may be the best future course of action. In addition, Sugarmade announced its planned entry into the regulated and licensed portion of the cannabis marketplace, with an emphasis on the California distribution and retail sectors. “For at least the time being, we do not see a reason to move forward with the reverse stock split. However, we reserve the right, should circumstances warrant, to reactivate the reverse,” Sugarmade CEO Jimmy Chan said in the news release. “We are in the process of modifying our business strategy to better align with where the cannabis marketplace is headed and thus our cancellation of the previously proposed transaction. We see significantly larger opportunities in the California cannabis distribution arena and have entered into advanced talks to make a strategic move into this area.”

To view the full press release, visit http://cnw.fm/sn0Ez

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. For more information, visit the company’s website at www.Sugarmade.com.

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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CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Rescinds Agreement, Considering Opportunities it Views as Superior

Sugarmade (OTCQB: SGMD), today announced the rescission of an agreement to acquire a hydroponic equipment supplier and, in a filing with the U.S. Securities & Exchange Commission, outlines that approximately 1.2 billion common share equivalents will be returned to the company’s treasury. According to the update, Sugarmade’s board of directors has determined that the business combination is no longer viewed as the best shareholder maximization strategy and is considering numerous other opportunities that it believes are superior. “The hydroponic transaction was proposed more than two years ago and since that time the industry has changed significantly. Simply Put – We have looked long and hard at the industry situation and we have determined there are numerous other potentially larger opportunities at this time for Sugarmade and its shareholders,” SGMD CEO Jimmy Chan said in the news release. “The previous transaction is not the best way for us to maximize shareholder value.  We are very pleased to be returning all of the issued shares to the treasury, which significantly lowers our outstanding shares, placing us in a prime spot as an industry consolidator of the many troubled assets in the sector. Thus, as a board of directors, we are taking the bold step to rescind the Past of the industry in favor of the Future of the industry and the more lucrative opportunities that are currently under consideration.”

To view the full press release, visit http://cnw.fm/GxY2j

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. For more information, visit the company’s website at www.Sugarmade.com.

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)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW – 4 Things to Expect in the California Marijuana Market in 2020

California is the largest marijuana market in the U.S., so it is worthwhile to look forward and see what is in the works for this state’s cannabis industry in the new year. Here are some of the major things that could pan out in 2020.

  1. Courts Hear Marijuana Delivery Lawsuits

When Prop 64 was approved by California voters, local authorities were given the liberty to decide whether to accept or reject marijuana businesses within their jurisdictions.

That promise was put to the test and a row over how much control municipalities and cities have over the marijuana industry came to a head when state regulators insisted that marijuana businesses could deliver weed anywhere within the state while the local authorities say such deliveries should only happen in places that permitted marijuana businesses to set up shop.

In a twist of irony, the Fresno County Superior Court is set to start hearing a case pitting 24 cities against the California Bureau of Cannabis Control on April 20 (the unofficial marijuana holiday). The outcome of this case could either give weed companies some needed respite or hamper their activities even further.

  1. Legislative Changes

On January 1, Senate Bill 34 took effect and licensed businesses can now donate medical marijuana products to patients that are needy and cannot afford them.

More importantly for marijuana businesses, Assembly Bill 37 seeks to allow companies to deduct their operational costs before their tax liability is computed. This is a major piece of legislation because it effectively sweeps aside federal laws that have denied marijuana businesses the same tax benefits that other businesses enjoy.

A legislative change that is likely to rub weed businesses and consumers the wrong way is Assembly Bill 1810. This bill seeks to ban passengers in taxis, limos and other commercial vehicles from consuming marijuana. This means that the idea of weed party buses has gone up in smoke.

Marijuana businesses insist that California needs to make many more legal reforms if the industry is to survive or even thrive given the challenges that it has faced in the first three years of legal recreational cannabis sales.

  1. Expunging Criminal Records

Prop 64 set out a process through which people with marijuana convictions could apply to have their records expunged or charges amended. However, records show that only a tiny fraction of potential beneficiaries has applied for expungement, partly due to the costs and complications of the process.

Assembly Bill 1793 passed in 2018 gave a July 2020 deadline in which local prosecutors have to track down and process the expungement or retroactive downgrading of cannabis convictions. As this deadline looms, thousands are likely to be eligible for housing, employment and other benefits they were denied as a result of their convictions.

  1. Cleaning Up Weedmaps

Weedmaps was started to provide marijuana consumers with information about the places where they could buy weed legally in California. However, state regulators warned the directory about having listings of unlicensed marijuana sellers and Gov. Newsom enacted a law that imposed fines of up to $30,000 for each day that an unlicensed marijuana seller remains operational.

Weedmaps is likely to make good on its promise to remove illicit sellers from its directory and the outcome of this action could reveal how much damage delisting those unlicensed businesses does to the cannabis black market.

It is widely believed that the entire marijuana industry, including companies like No Borders Inc. (OTC: NBDR) and Sugarmade Inc. (OTCQB: SGMD), could be keeping a close eye on events in California since they can reveal what may happen elsewhere over time.

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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HempNewsBreaks – Sugarmade, Inc. (SGMD) Enters Hemp Extraction and Laboratory Equipment Marketplace, Initial Shipment En Route to Mega Extraction Facility

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today announced its entry into the hemp extraction and laboratory equipment marketplace, one of the fastest-growing areas of the overall hemp industry. In addition, the company announced that it has begun shipments of equipment to be installed in one of the largest planned facilities in the eastern portion of the United States. “We are very pleased to announce we have accepted the initial components from the manufacturer and these components are now in shipping containers en route to Western Kentucky to be installed at what will likely be one of the largest extraction facilities in the eastern part of the United States,” SGMD CEO Jimmy Chan said in the news release.  “We will begin booking this revenue upon delivery and installation, which is expected to begin in January.”

To view the full press release, visit http://cnw.fm/V0qqI

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator, operates Zenhydro.com, a leading supplier to the Online Hydroponic Market and Carryoutsupplies.com, a leader provider to the quick service restaurant industry. For more information, visit the company’s website at www.Sugarmade.com.

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

About HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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420 with CNW – Innovators Create App-Controlled Device for Storing Weed

Homeowners have been locking up their guns and money for safekeeping for centuries. However, they no longer have to keep their stash of weed in the same way as a result of technological advancements which have seen a new and safer method introduced for keeping recreational marijuana safe.

Several centuries back, people used to store cannabis in makeup bags, pencils cases, or under their mattresses. The potency and cost of contemporary marijuana are rendering weed vulnerable to theft either by innocent children, corrupt house managers, and uncanny roommates.

Philip Wilkins said that people no longer believe in stashing their weed in Ziploc bags, closet, or under the floorboards.

Wilkins and his two partners ( Ben Gliksman and Sep Seyai) founded a Toronto-based company known as KEEP. This year the company developed its first electronic storage and security device. The electronic device is called KEEP, and it is fitted with a biometric lock that connects through an app on the owners android smartphone.

The device owner can apply their phone security features such as fingerprint, voice, or facial recognition to unlock the storage device.

KEEP has features meant to maintain the quality of the weed, such as hermetic seal, humidity, and temperature thermometers to keep the marijuana fresh and odorless. The inside of the device is also fitted with LED lighting and trays to make sure that the owners do not have to feel around in the dark looking for edibles, vape pens, or pot. You can store a maximum of 28 grams of dried flower or 4.4 pounds of marijuana. The owners can use a scale to track their usage.

KEEP will be unveiled on the market in March 2020, both in the U.S. and Canada. It will be sold at dispensaries selling legal marijuana and via the KEEP.com website. It will also be sold through licensed producers such as Canada growers. The retail price for KEEP in the U.S. will be about $226 while in Canada it would be $300.

In an interview explaining the motivation behind the company, Wilkins said that he and his partners wanted to leverage the discoveries taking place in consumer electronics and apply it to marijuana because it signifies the growth of the marijuana market.

In November, KEEP was selected as an honoree by the CES Innovation Awards.

KEEP is not the only weed storage solution; others include a black walnut wood box from Marley Natural Shop, which goes for $192, Humidor Combo Box ($99), or LOCK-R Box ($250) from Ryot.

KEEP’S modern design blends into any home. The device has a back-lit LED display that shows the time and outside temperature.

The cofounders of Amazon’s The Marijuana Show, Wendy  Robbins and Karen Paull, wrote an email saying that they liked the device as it keeps your marijuana climate-controlled.

Robbins said that she would buy KEEP since it would keep her stash safe from kids and housekeepers. She also noted that it is a clean and decent way of storing marijuana.

KEEP has also attracted a large number of investors, although Wilkins will not reveal them until the month ends. Marijuana industry players like VPR Brands LP (OTCQB: VPRB) and Sugarmade Inc. (OTCQB: SGMD) could be very pleased that the marijuana industry is giving opportunities to the tech industry to innovate and provide complementary products to consumers.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW – What You Should Know About Cannabis Drinkables

Marijuana consumers are in love with cannabis beverages because they are discreet, taste good, require no equipment to use, and they are familiar with a safe delivery system.

In the cannabis market today, weed-infused drinks are one of the fastest moving products. These drinks include tinctures that are mixed with cocktails, non-alcoholic wines, beer, or champagne. Companies are also producing wellness beverages that, when taken they induce sleep; thus, instead of taking aspirin or Ibuprofen after hard exercises or games, take a marijuana cocktail, and you will feel relaxed in no time. Sparkling drinks are also infused with weed as they attract Millennials as well as the baby boomers who are not a fan of smoking.

Discussed below are answers to some of the common questions on marijuana beverages:

There are many marijuana beverages, why?

Drinkable marijuana comes in various forms, and these include liquid medicine, intoxicating drinks, and wellness shots. BDS Analytics is a company that tracks marijuana trends, and in mid-2019, it found that there 88 beverage brands on the market, which was 18 more than in 2018 at the same time. The total percentage of marijuana edibles in the market in the U.S. in 2018 was 6%. BDS estimates that by 2020, marijuana beverages, including those infused with CBD and THC sold in retail outlets and non-THC drinks sold in supermarkets and convenience stores, could be worth $1 billion.

Why did marijuana beverages take long to get on the market?

The process of producing weed-infused drinks is complicated because cannabinoids do not mix with water; instead, they float to the surface. Before coming up with marijuana beverages, researchers have done several hit-or-miss experiments. A Seattle-based beverage tech company, SoRSE, is among the marijuana innovators in the industry. The company is trying to establish how marijuana oils can be converted into water-soluble emulsions, which do not have taste or smell.

SoRSE vice president, Michael Flemmen, said that they used food-grade components approved by the FDA. The food-grade components are safe for consumption. Some of the products manufactured by the company include happy, sparkling, and marijuana-infused drinks, which include Utopia, a fruit-flavored sparkling water.

Will marijuana-infused drinks trigger paranoia?

The founder and Chief Technology Officer for Spherex, Niccolo Aieta, said that the marijuana-infused beverages have the advantage of predictability over edibles. Spherex is based in Denver, and it develops weed concentrates. An example of such a product includes Phyx, which is a sparkling water infused with light doses of THC and CBD. Compared to edibles, marijuana drinks reacts faster with body metabolism and the endocannabinoid system, and its effects are noticeable almost immediately. In this way, you can control how high you get with drinkables and thereby prevent sliding into paranoia.

Where can you buy cannabis beverages?

Consumers can purchase the drinks from the product’s website or in dispensaries in the states where marijuana is legal. Hemp-derived CBD drinks can be also be found in grocery shops in all the 50 states.

Nic Balzer, who is a member of U.S. Hemp Roundtable, said that the industry is faced with a lot of regulatory challenges, and they are hoping the FDA will make their ruling on the matter soon.

Analysts say the desire for regulations expressed by Nic Balzer is likely to be echoed by other sector players like The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and Sugarmade Inc. (OTCQB: SGMD) since they too are affected by the unregulated cannabis drinks segment.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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HempNewsBreaks – Sugarmade, Inc. (SGMD) Employs Aggressive M&A Roll-Up Strategy

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, is pursuing an aggressive merger and acquisition (“M&A”) roll-up strategy to position itself as a leader in the hydroponics sector. The company is presently in preliminary talks with six hydroponic and agricultural supply targets in the U.S. and central Europe. SGMD is targeting companies with an EBITDA margin of at least 8% and prefers to pay a reasonable multiple to revenue, with 10% in cash and 90% in stock with exact terms dependent on market conditions. Sugarmade recently closed its acquisition of BZRTH Inc. for roughly 1x revenue, integrating an annualized $33 million in revenues and an EBITDA margin of 5%, with revenues expected to continue to rise. The company also intends to revive its October 2018 letter of intent to pursue the acquisition of Sky Unlimited (dba Athena United) and plans to close the deal in Q1 2020. Sky Unlimited has annualized revenues of $33 million to $35 million and EBITDA margin of 11%. SGMD management notes that this strategy aligns with its planned uplisting to either the New York Stock Exchange or the Nasdaq before mid-year 2020. “We continue to position Sugarmade as a dominant entity in a market that promises aggressive growth as margins tighten for larger producers in the hemp and hemp-related space. The return on investment in this space is extremely appealing right now, and we believe that will continue to be the case as we pursue this strategy,” Sugarmade CEO Jimmy Chan stated in the news release.

To view the full press release, visit http://cnw.fm/pnl6S

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry. For more information, visit the company’s website at www.Sugarmade.com.

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

About HempWireNews

HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.HempWireNews.com

Please see full terms of use and disclaimers on the HempWireNews website applicable to all content provided by HNW, wherever published or re-published: https://www.HempWireNews.com/Disclaimer

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CannabisNewsBreaks – Sugarmade, Inc. (SGMD) Advances Toward Nasdaq Exchange Uplisting

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today provided an update as it moves toward an uplisting of shares onto a major U.S. exchange following news that Sugarmade’s direct competitor, GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen”), announced on Monday, November 25, that its shares have been approved for listing on the Nasdaq Capital Market (“NASDAQ”). According to the update, company management believes that, following its strategic move to acquire BZRTH, Inc., as well as another acquisition to be announced in the near future, that Sugarmade is very similar to GrowGen, on an overall, consolidated basis, in terms of market segment, scale of operations and financial performance metrics. As a result, Sugarmade believes GrowGen’s move onto the Nasdaq is a very promising signal as the company prepares to uplist its own shares. “The approval of GrowGen shares for the move up onto the Nasdaq market is a great sign for Sugarmade as we prepare to make a similar move,” Sugarmade CEO Jimmy Chan said in the news release. “It’s a positive signal about the hydroponics market and about our overall strategy. It’s time for institutional investors to get heavily involved in the pick-and-shovel ancillary markets surrounding the hemp and hemp-related boom. GrowGen has done a great job, and we are hot on their tail right now, and plan to surpass them in the race to number one in the hydroponics space.”

To view the full press release, visit http://cnw.fm/c9uoE

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry. For more information, visit the company’s website at www.Sugarmade.com.

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 Florida Bill to Protect Medical Marijuana Patients from Being Fired

The number of registered medical marijuana patients in Florida is estimated to be about 300,000. The patients are issued with medical marijuana cards that give them access to MMJ for them to legally to treat some medical conditions. However, these licensed users of medical marijuana in Florida are facing negative consequences at work and in school.

Some of the people who have suffered a setback in their education or career because of medical marijuana include Kaitlin McKeon who enrolled for a nursing program at Nova Southeastern University. The school requires applicants to do a drugs test, and hers came back positive for marijuana. She uses medical marijuana to treat chronic stomach pain. After the failed drugs test, the school dismissed her application which further derailed her career and education.

Another victim is Alan J. McDuffie who worked for the city of Miami. He applied for a permanent position with his department and was required to do a drug test which turned positive for marijuana. The city fired him even after he told them that he is registered for medical marijuana. McDuffie uses marijuana to manage back spasms. Both McKeon and McDuffie have filed suits against their respective institutions. They claim that the institutions discriminated against them for using medical cannabis.

Florida’s statute of medical marijuana gives employers the freedom to implement drug-free policies and the law does not stipulate that employers retain workers using medical marijuana. However, the new legislation that could change all that in Florida is in the House. The bill which was proposed by Boca Raton Rep. Tina Polsky would provide some protection for people using marijuana in schools and workplaces.

Adam Kemper, a Boca Raton employment attorney whose specialization is medical marijuana compliance, said that the timing of the bill is perfect because the number of people using medical marijuana in Florida is increasing.

The bill would prohibit employers from discriminating, firing, downgrading, or taking any other adverse action against an employee who is a registered user of medical pot. However, the bill would not offer protection for people whose jobs are safety-sensitive such firefighters, people operating heavy pieces of machinery, drivers, those handling dangerous materials, carrying weapons, and persons providing care to children or patients.

The new bill stipulates that a person whose drug test is positive must provide a written notice explaining why the tests are positive. They can also submit a doctor’s certification and MMJ cards as proof of legal use. The bill also permits people fired or penalized for using marijuana to file a lawsuit against their employer for compensation and reinstatement.

Kemper also said that if pot usage is hampering with an employee’s job performance, the bill allows employers to take action such as discharge the person from their duties.

The legislation does not address employees’ rights when an employer asks about the medical condition that requires them to use pot. However, federally, if an employee is seeking accommodation under the Americans With Disabilities Act, they must disclose their medical history and the specific medical condition to the company.

Under any other condition, the employers would be crossing the line if they asked employees personal questions.

According to industry watchers, marijuana industry players like VPR Brands LP (OTCQB: VPRB) and Sugarmade Inc. (OTCQB: SGMD) welcome this proposed law because employees or students will no longer be made to choose between treatment and their jobs or studies.

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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HempNewsBreaks – Sugarmade, Inc. (SGMD) Issues Shareholder Letter on Momentum and Significant Opportunities that Lie Ahead

Sugarmade (OTCQB: SGMD), a major supplier to the hydroponic cultivation and hemp sectors, today issued a shareholder letter on behalf of the company’s CEO. In the letter, SGMD CEO Jimmy Chan discusses the company’s momentum, commitment to its long-term value proposition and significant opportunities that lie ahead. “The market for hemp and hemp-related products is going to be significantly larger five years from now than it is today. No one disagrees with that basic premise. Our model, fundamentally, is predicated on the idea that this larger structural boom will contain lots of ups and downs for primary producers, but will be a much smoother ride for companies able to position as pick-and-shovels to those producers,” Sugarmade CEO Jimmy Chan states in the letter. “As the overall industry grows, the pie gets bigger and bigger for those catering to that industry. And hydroponics is a natural solution to tightening margins, which puts us squarely in the game for every part of the cycle.”

To view the full press release, visit http://cnw.fm/Xa3GM

About Sugarmade, Inc.

Sugarmade, Inc. (OTCQB: SGMD) is a product and branding marketing company investing in operations and technologies with disruptive potential. The Company is becoming a leading supplier to the growing hemp industry and is benefitting from the growth of the hydroponic marketplace. The Company is in the process of acquiring several leading hydroponic and agricultural supply companies that are currently producing in excess of $70 million in annual revenues. Sugarmade is also an investor in fast growing Hempistry, Inc., a Kentucky-based cultivator of industrial hemp, and operates Carryoutsupplies.com a leader provider to the quick service restaurant industry. For more information, visit the company’s website at www.Sugarmade.com.

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

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HempWireNews (HWN) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HNW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWireNews (HWN) is where HEMP news, content and information converge.

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