420 with CNW — CBD Shampoo Alleviates Symptoms of Scalp Inflammation

For the past couple of years, cannabidiol (“CBD”) has held the world’s attention. Extracted from industrial hemp, a nonpsychoactive variety of cannabis, CBD is brimming with potent medicinal properties. Anecdotal evidence and preliminary research have found it effective against a host of medical conditions including anxiety, insomnia, post-traumatic stress disorder (“PTSD”) and pain.

According to a team of researchers from Italy and the United States, cannabidiol may also offer relief against scalp inflammation. Also known as scalp dermatitis, inflammation of the scalp usually results in flaky, itchy and painful patches. It is often caused by scalp psoriasis and seborrheic dermatitis. Dr. Shani Francis, a board-certified dermatologist who specializes in hair loss and the chief wellness officer of Ashira Dermatology, says that “scalp dermatitis is a very broad condition, and it has multiple diagnoses which are very common, as well as some rare ones.”

Save for a few instances, scalp inflammation isn’t a serious condition, and it can usually be treated with either topical treatments or over-the-counter medications. When researchers from Italy and the United States recently teamed up to explore the efficacy of cannabis-based shampoos on patients who suffer from scalp inflammation caused by scalp psoriasis or seborrheic dermatitis, the results were encouraging. The team found that cannabidiol has potent anti-inflammatory properties, making it a suitable treatment against a condition caused by inflammation, at least on paper.

They evaluated the “efficacy of a shampoo containing 0.075% broad-spectrum cannabidiol in 50 subjects with mild to moderate scalp psoriasis or seborrheic dermatitis,” the study authors note. At the end of the study, the researchers found that the CBD shampoo provided noticeable relief to study participants after only two weeks of use.

The researchers measured inflammation by evaluating how dense the twisted/glomerular or arborizing vessels were. They relied on trichoscopy using a six-point scale at baseline and day 14. Several symptoms, including itching or burning sensations, erythema/scaling, overall tolerability, as well as subject satisfaction were evaluated.

New York dermatologist Matthew Lin, MD, states that the endocannabinoid system works with CBD to reduce the symptoms of scalp inflammation. It acts on the cannabinoid receptors and reduces what are known as inflammatory cytokines within the scalp. Using a CBD shampoo could improve eczema, dandruff, and seborrheic dermatitis as well as an itchy, flaky scalp.

This lines up with what the team of researchers concluded at the end of the study. Changing the current shampooing practices and taking up a shampoo containing CBD can significantly reduce both the severity and the symptoms of scalp inflammation in approximately two weeks, with the added bonus of high tolerability and treatment satisfaction in people with mild or moderate scalp psoriasis or even seborrheic dermatitis.”

Sugarmade Inc. (OTCQB: SGMD) is a company you should watch in the cannabis sector. The firm specializes in offering delivery services to cannabis businesses, and SGMD has recently ramped up its plans to start marijuana cultivation.

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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Sugarmade Inc. (SGMD) Reports BudCars Q3 Numbers, Company Continues to Post Record Sales

  • SGMD releases key numbers for BudCars Q3 2020 financial report
  • CEO reports that company “continues to perform, setting records in basically every key metric we track”
  • BudCars has seen consistent growth since Sugarmade acquired 40% stake in the Sacramento-based cannabis delivery service

Steadily growing gross margins, more than 60% growth and $2 million in gross receipts are a few of the highlights in an announcement (https://cnw.fm/SLg0m) made by Sugarmade (OTCQB: SGMD) featuring the Q3 2020 numbers for BudCars Cannabis Delivery Service. SGMD owns a 40% stake in BudCars, along with an option to acquire an additional 30%.

“BudCars continues to perform, setting records in basically every key metric we track,” said Sugarmade CEO Jimmy Chan. “It was a tremendous quarter, with a big jump in customers and regional market share and robust margins on every sale. That paints a very motivating picture as we gear up to significantly expand our service territory, with upcoming expansion into the North Bay and Wine Country areas, as well as our upcoming grand opening of BudCars LA.”

The preannouncement of BudCars’ performance for the three months ended Sept. 30, 2020, included the following key numbers:

  • Total Q3 2020 BudCars gross receipts over $1.9 million, which represents a 66% increase quarter over quarter
  • Total Q3 BudCars gross profits of $903,667, representing 64% gross profit growth quarter over quarter on a steady 47% gross profit margins
  • Average daily gross sales increased $21,246, a 68% increase quarter to quarter
  • Total customer tickets increased 62% quarter to quarter on 3% growth in average ticket size

BudCars has seen consistent growth since Sugarmade acquired a 40% stake in the Sacramento-based cannabis delivery service earlier this year (https://cnw.fm/gTCbW). In fact, the company has performed ahead of expectations almost every month since March 2020, seeing consistent growth in almost every area, including increasing new customers, strong repeat business, increasing orders per customer per period, and increasing ticket sizes.

BudCars isn’t the only bright spot on the Sugarmade horizon. The company also recently secured rights to a property zoned for cannabis cultivation (https://cnw.fm/eAiph). The company is already in the process of obtaining cannabis cultivation licensing, preparing archaeological and biological surveys, and assembling documentation related to the architectural and engineering plans for construction of greenhouses and a processing building.

“We believe we have all of the strategic pieces in place to capitalize on cultivation, with the market currently chronically undersupplied,” said Chan. “We also have relationships in place, especially through our BudCars investment, to hit the ground running on the branded products side, driving strong margins up and down the chain.”

BudCars is a retail business that offers same-day delivery of top-quality cannabis. Customers choose from a variety of products including edibles, flower, pre-rolls, vapes, tinctures and concentrate across dozens of premium brands. Once consumers complete their purchases online, they receive their order the same day via BudCars Cannabis Delivery Service.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. Sugarmade is an investor in BudCars and a joint operator of BudCars’ first operating location in Sacramento, California.

During early 2020, Sugarmade gained a 40% stake in BudCars and in the Sacramento delivery operations via the acquisition of a 40% stake in Indigo Dye Group (Indigo). Under the terms of Sugarmade’s agreement with Indigo, Sugarmade also acquired an option to purchase an additional 30% interest in Indigo, upon the closing of which would provide Sugarmade with a 70% controlling interest. As of the date hereof, this option has not yet been exercised; Sugarmade’s stake in Indigo remains at 40%, and there is no assurance that Sugarmade will exercise the option to acquire an additional 30% interest in Indigo.

However, since late May 2020, Sugarmade has been actively involved in development of Indigo’s operations with power to direct the activities and significantly impact Indigo’s economic performance. Sugarmade also has obligations to absorb losses and right to receive benefits from Indigo. As such, in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification 810-10-25-38A through 25-38J, Indigo is considered a variable interest entity (“VIE”) of Sugarmade.

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 instant SMS alerts, 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 — 5 Mistakes You Should Avoid While Making Cannabis Gummies

Although quite young, the market for cannabinoid-infused products is swiftly growing. Consumers have especially taken a liking to gummies infused with cannabidiol (“CBD”) and THC, the most prominent cannabinoids. According to Google, CBD gummies were the third most searched food by Americans in 2018. All in all, the global market for CBD gummies is expected to register a compound annual growth rate of 31.9% by 2025.

However, creating cannabinoid-infused gummies that consistently sell is no easy task, and one single mistake could leave you with a batch of gummies no one wants to buy. So, as you work to develop your cannabinoid-infused gummies, make sure to avoid the following mistakes;

Sacrificing flavor for potency. Cannabinoids such as THC and CBD have a naturally bitter, hemp-like taste, and at potency ratios above 2 to 3 milligrams of cannabinoid per one gram of gummy, the taste becomes difficult to mask. Since we’re dealing with confectionaries, taste matters a whole lot, and customers will be put off by a gummy that tastes bitter. Going for a super potent recipe will likely result in a potent but bitter product that won’t see many sales.

Lacking consistency, especially when it comes to potency. A lot of people use CBD and THC products for specific reasons, such as pain relief or to improve sleep. If the potency of your gummies doesn’t remain consistent, your customers will not have the same experience every time they buy — and use — your products. Even if they aren’t using it to address a health issue, they will undoubtedly be put off by the lack of consistency in potency.

Not understanding how the ingredients interact. A typical gummy consists of about 80% sugar and corn syrup, 2–8% gelling agent (starch, gelatin or pectin), and less than 1% flavor, acid and color. Gelatin is an easier gelling agent to work with, allowing for a firm, almost transparent gummy. On the other hand, pectin is vegetarian, and sellers who lean in that direction prefer it. However, pectin is harder to work with, sn’t thermally reversible and can ruin a batch of gummies when a mistake is made. Having a thorough grasp of how all the ingredients work together right from the start will save you a lot of time and money.

Not using the right tools. You will need specialized equipment such as a refractometer and a water activity meter to produce high-quality gummies and jellies. Such tools are used to measure the sugar content of the gummy syrup and the water activity respectively, factors that contribute greatly to the quality of your final product.

Improper Curing. Depending on factors such as the type of mold (silicon or starch), the formula, the temperature, and relative humidity of the room, it can take anywhere from 24 to 48 hours for the gel to set and dehydrate. Understanding the proper curing requirements for your specific formula and location will allow you to create the perfect conditions for the gel to set and dehydrate perfectly.

A company you should watch in the marijuana space is Sugarmade Inc. (OTCQB: SGMD). The company specializes in offering delivery services both in the cannabis industry and the quick-service restaurant sector, and the current pandemic has highlighted how valuable such services are.

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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CannabisNewsBreaks – Sugarmade Inc. (SGMD) Undertakes Marketing Analysis Ahead of Planned BudCars Expansion

Sugarmade (OTCQB: SGMD) today announced that, in anticipation of the planned expansion of the BudCars cannabis delivery service into new territories, it has undertaken an analysis of the efficacy of marketing spending relative to market size and population for the existing BudCars regional delivery footprint. According to the update, Sugarmade believes this may provide some insight into performance benchmarks and expectations related to the anticipated expansion into the North San Francisco Bay Area and the Wine Country counties, followed by Los Angeles. “We are very confident in the ROI associated with spending on BudCars marketing in connection with BudCars’ expansion,” said Jimmy Chan, CEO of Sugarmade. “We have seen at least a six-to-one multiple in terms of sales relative to marketing expenditure overall, with more than twice the market share and total sales where investments have focused more on cultivating new customers. We believe this bodes well for the marketing approach as BudCars enters the North Bay and LA Metro markets.”

To view the full press release, visit https://cnw.fm/vjN3D

About Sugarmade Inc.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. For more information, visit www.Sugarmade.com. Sugarmade is an investor in BudCars and joint operator of BudCars’ first operating location in Sacramento, California. During early 2020, Sugarmade gained a 40% stake in BudCars and in the Sacramento delivery operations via the acquisition of a 40% stake in Indigo Dye Group. Under the terms of Sugarmade’s agreement with Indigo, Sugarmade also acquired an option to purchase an additional 30% interest in Indigo, upon the closing of which would provide Sugarmade with a 70% controlling interest. As of the date hereof, this option has not yet been exercised, Sugarmade’s stake in Indigo remains at 40%, and there is no assurance that Sugarmade will exercise the option to acquire an additional 30% interest in Indigo. However, since late May 2020, Sugarmade has been actively involved in development of Indigo’s operations with power to direct the activities and significantly impact Indigo’s economic performance. Sugarmade also has obligations to absorb losses and right to receive benefits from Indigo. As such, in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification 810-10-25-38A through 25-38J, Indigo is considered a variable interest entity (“VIE”) of Sugarmade.

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

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CannabisNewsWire is part of the InvestorBrandNetwork.

Sugarmade Inc. (SGMD) Issues Letter to Shareholders on Upcoming Expansion Steps

  • SGMD shareholder letter outlines building blocks of strategic vision
  • Chan talks about two themes: geographic expansion for BudCars and Sugarmade’s move to cultivation operations
  • BudCars is expanding into North San Francisco Bay area and wine country counties, then Los Angeles

In a letter to shareholders thanking them for their support, Sugarmade (OTCQB: SGMD) CEO Jimmy Chan outlined the “building blocks of a coherent and cohesive strategic vision” and noted that the company is putting in motion “key next steps to manifest that vision and drive strong and sustained shareholder value as a key emerging leader in the California cannabis marketplace”(https://cnw.fm/C3Q5i). 

“I want to highlight two themes that will help to drive our value proposition for shareholders over the intermediate term: geographic expansion for BudCars and our move to vertically integrate through the establishment of cultivation operations,” wrote Chan. “Together, they represent tangible catalysts driving both top and bottom line growth.”

In the letter, Chan noted that Sugarmade is working to “expand the scope, scale and reach of BudCars, a rapidly growing leader in the California cannabis delivery space — where we hold a 40% stake, with an option to take a controlling 70% stake, and where we are actively engaged in strategic and operational execution of the business.”

The letter outlined the dramatic growth BudCars has seen over the past six to eight months, noting that the company has consistently surpassed expectations in several key areas including customer acquisition and per-order volumes. “However, to fuel the next phase of our overarching vision, we must begin to expand our geographic reach,” Chan observed. 

“I have good news: that expansion is officially underway,” Chan continued. “We are expanding BudCars initially into the North San Francisco Bay Area and the Wine Country counties. That will be followed by our grand opening of BudCars Los Angeles, which we anticipate now will take place sometime in November.”

The letter noted that the move into the North Bay Wine Country area, which represents a more than doubling of the company’s total delivery territory, is “ripe with potential.” A recent “North Bay Business Journal” article reported that cannabis-related tax receipts from Sonoma County indicate that the area is seeing growth of 35% in the cannabis space. “As we begin to see tourism return in the wake of the global pandemic health crisis, we anticipate this region to represent one of the strongest bets as well, and we are excited about positioning BudCars to capitalize on that growth trend,” stated Chan.

The expansion into the wine country areas will be followed by the company’s grand opening in Los Angeles, slated for November. “Los Angeles is an enormous market for cannabis sales,” Chan explained. “It stands as perhaps the largest metropolitan cannabis marketplace on the planet. And we will be thrilled to see BudCars lay down roots and start taking market share in the area.”

The shareholder letter also noted that Sugarmade has secured a property zoned for cannabis cultivation and is working with regulators to move forward with plans to start its own cultivation operations. “This move will function to widen our margins on BudCars sales as well as to position Sugarmade to capitalize on growing demand in a chronically undersupplied marketplace,” the letter outlined. “Because of our access to end-market consumers through our BudCars distribution channel, we will also have an advantage over other cultivators in establishing a branded line of cannabis products, further supporting widening margins at each point in the chain.

“These are exciting times for Sugarmade. We have a rapidly growing business, and we are taking concrete steps now to build on that growth,” Chan concluded.

Sugarmade is a product and branding marketing company investing in operations and technologies with disruptive potential. The company’s brand portfolio includes CarryOutsupplies.com, SugarRush(TM) and Budcars.com. Sugarmade is an investor in BudCars and a joint operator of BudCars’ first operating location in Sacramento, California. 

During early 2020, Sugarmade gained a 40% stake in BudCars and in the Sacramento delivery operations via the acquisition of a 40% stake in Indigo Dye Group (Indigo). Under the terms of Sugarmade’s agreement with Indigo, Sugarmade also acquired an option to purchase an additional 30% interest in Indigo, upon the closing of which would provide Sugarmade with a 70% controlling interest. As of the date hereof, this option has not yet been exercised; Sugarmade’s stake in Indigo remains at 40%, and there is no assurance that Sugarmade will exercise the option to acquire an additional 30% interest in Indigo. 

However, since late May 2020, Sugarmade has been actively involved in development of Indigo’s operations with power to direct the activities and significantly impact Indigo’s economic performance. Sugarmade also has obligations to absorb losses and right to receive benefits from Indigo. As such, in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification 810-10-25-38A through 25-38J, Indigo is considered a variable interest entity (“VIE”) of Sugarmade.

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 instant SMS alerts, 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

Do you have questions or are you interested in working with CNW? Ask our Editor

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420 with CNW — NJ Recreational Pot Sales Could Start Within Weeks, Senator Suggests

Sales in the state of New Jersey are projected to increase quickly if voters approve a cannabis legalization referendum on their ballots in the coming week. A plan unveiled by a top lawmaker would even allow the already existing medical cannabis dispensaries in the state to start selling to adults aged 21 years and above within a month of the election.

Nick Scutari, chairman of the state Senate Judiciary Committee, stated in an interview that the most important thing would be to allow people to purchase legal marijuana immediately. However, those who would prefer to grow their marijuana at home wouldn’t be as lucky, seeing as individuals would not be permitted to obtain cannabis from homegrown or illicit sources.

In the interview, Scutari discussed what to expect if voters of New Jersey approved Public Question 1, which would legalize the growing, processing and sale of retail cannabis in the state. The measure is made up of five brief sentences, leaving most of the details up to lawmakers and regulators.

Scutari states that the first step would be for legislators to pass the legislation, starting with setting rules for the new cannabis market. He stated that he wanted the laws to be completed in November, which is when the state would be having the legalization pass.

The plan might be easier said than done though, mainly because dispensaries would be required to certify that they could still meet the current medical patient demand. Additionally, producers would need to confirm whether they are able to increase their supply in order to meet that goal.

The assistant commissioner of the Department of Health, Jeff Brown, stated in a separate interview that if the measure was passed tomorrow, the medical marijuana program, which he oversees, wouldn’t have an operator that would be ready to begin selling adult-use cannabis. He explained that the industry as a collective would have to speed up the whole process to make that happen, especially if companies were to be considered capable of selling in a potential adult-use market.

With dispensaries in the state facing complaints of product shortages and long lines, which have been worsened by the COVID-19 pandemic, this makes the goal that much harder.

Currently, the state has issued licenses to only 12 firms to cultivate, process and retail medical cannabis to more than 90,000 registered patients. However, all may not be lost. A survey conducted earlier this month revealed that 65% of voters in New Jersey were in favor of the measure, with 6% undecided and the remainder opposed.

An interesting cannabis firm that you should watch is Sugarmade Inc. (OTCQB: SGMD). This California-based delivery service provider is enjoying the uptick in delivery services after stores started curtailing their activities in order to adhere to social-distancing guidelines as a result of the COVID-19 pandemic.

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 — Massachusetts Regulators Make Bold Decision on New Delivery Businesses

Although the state of Massachusetts allows the delivery of both medical and recreational marijuana, creating a system for delivering adult-use marijuana has proven to be quite a challenge. Recently, state marijuana regulators announced that they will be moving forward with plans to allow a new class of cannabis delivery business. The move has been met with both praise and criticism from stakeholders.

On Oct. 20, the state’s Cannabis Control Commission (“CCC”) approved some changes to its draft regulations, allowing standalone cannabis retailers without storefronts to deliver products to customers’ homes. This comes a year after the state allowed the delivery of recreational marijuana but failed to create a regulatory framework to make that delivery work.

Over the months after delivery of recreational cannabis was allowed, advocates have argued that permitting delivery would help licensed businesses compete with the black market, which essentially offers free delivery, on top of reducing the barriers to entry for social equity candidates. The CCC ultimately agreed, creating a new business class that would allow licensed operators to act as a standalone company as well as buy inventory from wholesale suppliers and store it in their own warehouses.

Only applicants in the Cannabis Control Commission’s equity program will be eligible for the courier and delivery license, available for a minimum of three years, a move designed to help communities that were disproportionately affected by the decades-long war on drugs gain a foothold in the industry. According to CCC Chairman Steve Hoffman, however, not everyone is cheering the changes.

For instance, Commonwealth Dispensary Association president David Torrisi has stated that his group is “very disappointed” with the decision. “I don’t think the commission has done enough analysis to determine the impact on the supply chain and the marketplace,” he said. The new direct-to-consumer model has also been criticized by the Massachusetts Municipal Association, which represents city and town governments, raising the same concerns as a bipartisan group of 19 lawmakers.

“The draft regulations create a shadow direct to the consumer marketplace not governed by the licensing requirements and regulations of marijuana retailers,” the lawmakers wrote in a letter to the Cannabis Control Commission. “These draft regulations also significantly change the landscape for cities and towns after many had already engaged in intensive, community-wide conversations about the number and types of marijuana establishments their communities wished to host.”

According to the CCC commissioner, the new model may involve some “unknowns,” but it is crucial as it puts a “dent” in the illicit cannabis market and uplifts the communities that were affected most by the drug war. “We still have a lot of work to do on equity, but I would say this is a giant step forward,” said Hoffman.

An interesting cannabis company you should watch is Sugarmade, Inc. (OTCQB: SGMD). This California-based marijuana delivery company also supports the quick-service restaurant industry, and the company’s prospects seem bright with the ongoing pandemic, which has boosted the activities of delivery companies.

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

Do you have questions or are you interested in working with CNW420? Ask our Editor

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CNW420 is part of the InvestorBrandNetwork.

420 with CNW — Montana Supreme Court Throws Out Case Against Marijuana Legalization Measure

On Wednesday, Oct. 21, the Montana Supreme Court rejected a lawsuit against a marijuana legalization initiative appearing on the state’s November ballot. Sponsored by the New Montana approach, the initiative would establish a legal cannabis market for adults in the state. But as the elections drew closer, the initiative was challenged by Wrong for Montana, an organization arguing that, because the initiative involves appropriating funds, it violates state statute on citizen initiatives.

“We have prepared this lawsuit, and we are in the process of filing it,” said Steve Zabawa of Wrong for Montana (WFM). He cited article III, section IV of Montana’s constitution, which says that citizens “may enact laws by initiative on all matters except appropriations of money and local or special laws.” If the legalization initiative was passed, half of the public revenue collected from marijuana sales would go towards environmental conservation programs.

Although the court didn’t state whether or not the challenge was valid, it said that the group behind the lawsuit did not demonstrate “urgency or emergency factors” that would justify moving the case into its jurisdiction instead of going through trials and appeals courts first. “We express no opinion on the merits of WFM’s constitutional challenge, nor its rights to pursue this challenge in district court,” the court justices wrote.

“However, WFM’s claim does not present an appropriate basis on which to invoke this Court’s original jurisdiction,” the justices continued. “Even if it did, WFM has wholly failed to establish that urgency or emergency factors make litigation in the trial courts and the normal appeal process inadequate.” The court has left the door open for Wrong for Montana to take its challenge through the traditional process.

According to Brian Thompson, the attorney representing the plaintiffs, the plaintiffs intend to file the suit in a district court “soon.” The initiative in question is on the ballot, and voting has already started. If the lawsuit had been successful, the votes simply wouldn’t have counted or the initiative would not have been implemented.

“This was an easy decision for the Montana Supreme Court,” says Dave Lewis, policy advisor to the pro-legalization New Approach. “At best, this lawsuit was a frivolous long shot. At worst, it was an intentional effort to create confusion right before the election. Lewis, who is a former Republican state senator and former budget director for three Montana governors, says the initiative has been receiving strong support from voters across the state.

“Instead of making a coherent argument against the initiative, our opponents tried to deprive Montanans of their constitutional right to a citizen initiative process,” Lewis continued. “Our opponents are desperately throwing everything at the wall in the hope that something sticks.”

The cannabis industry is one to watch, and Sugarmade Inc. (OTCQB: SGMD) is a company you need to watch. The company focuses on offering delivery services to the marijuana industry as well as the quick-service restaurant sector. With the pandemic increasing demand for delivery services, things are certainly looking up for Sugarmade.

About CNW420

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

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420 with CNW —How to Smoke Cannabis Without Inconveniencing Your Neighbors

Cannabis has one of the most recognizable and possibly controversial odors in the world. It’s one of those smells you can identify as soon as you get a whiff. Sometimes described as “skunky,” cannabis smoke is thick, aromatic and tends to linger in the air and on fabrics. If you’re living in an apartment building or in close proximity to other folks, chances are they will get a whiff of your cannabis too.

Plenty of people are now working from home, and it’s likely that trend will continue. Additionally, the tumultuous events of 2020 have led to more people smoking cannabis to reduce stress and anxiety and to promote relaxation. However, while cannabis may be beneficial for you, your neighbors may not be on the same page. If you live in close proximity, you will have to find a way to minimize the smell.

For starters, try different methods of consuming cannabis. While smoking offers the quickest results, plenty of other methods work just fine and may offer even greater effects. Edibles, for instance, have become a staple for people who want to consume cannabis but would prefer not to smoke. While edibles are relatively easy to make with the right equipment, you can also buy them from retail cannabis stores. Although the effects take some time to kick in, they generally last longer than smoking. An edible may take 30 minutes to an hour to kick in, but the effects can last up to six hours.

The nascent cannabis sector has gained notoriety for its innovation. If you don’t want to use edibles to consume cannabis, tools exist that can help disguise cannabis’s potent smell. You could use a premade filter or even build a homemade filter, called a sploof,  to minimize the odor and prevent it from lingering on fabrics. All you need are dryer sheets, a cardboard cylinder from a used toilet paper roll and elastic bands.

Additionally, covering up cannabis’s funky odor with another equally strong smell could do the trick. Natural incense such as sandalwood or palo santo, certain scented candles and potent essential oils such as lavender, eucalyptus and citrus will cover up the odor as well as freshen up the room. Note that some scented candles may not work as well as the oils.

Ideally, smoking outside is the best way to avoid inconveniencing your neighbors with cannabis’s musty odor. If you have a balcony, a yard or a terrace, you’re better off smoking your cannabis out there.

Innovations within the cannabis industry are coming in thick and fast. One firm that you should watch is Sugarmade Inc. (OTCQB: SGMD). The company focuses on meeting the industry’s delivery needs, especially at this time when the ongoing pandemic has made it risky to visit brick-and-mortar stores to make cannabis purchases.

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

Do you have questions or are you interested in working with CNW420? Ask our Editor

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CNW420 is part of the InvestorBrandNetwork.

420 with CNW – COVID19 a Boost as Recreational Cannabis Turns Two in Canada

Two years after recreational cannabis sales became legal in Canada, the industry is flourishing. Amidst the coronavirus pandemic, the Great White North’s legal marijuana industry is celebrating increased sales, more brick and mortar stores, and competitive pricing. Although the industry has struggled to compete with the black market ever since Canada legalized recreational cannabis in October 2018, it has recently been gaining ground.

According to David Soberman, a professor of marketing at the University of Toronto, this can be attributed to the coronavirus pandemic. “It’s been a boon for the legal industry,” he says. July, for instance, saw a 15% increase in sales from June, the biggest monthly jump in sales since Canada legalized cannabis. Terry Kulaga, the founder of Weed Me, a legal cannabis production company based in Pickering, Ontario says self-isolation and working from home policies have greatly benefited the industry.

“Because people are spending more time at home, they’re perhaps more comfortable with consuming cannabis. As people work from home, they probably have more time to actually consume cannabis,” he says. Statistics Canada reports that Canadians have been buying more marijuana, it’s just that they are now sourcing it legally. Compared to April-June 2019, people spent 74% more money on licensed cannabis during the same period in 2020.

“There’s been a downturn in the black market because people are more reluctant to go out and meet their regular cannabis dealer in the way that they were prior to the pandemic,” Doberman explains. Additionally, the country has also seen an increase in the number of brick-and-mortar retail shops. According to the Alcohol and Gaming Commission of Ontario, there are more than 180 licensed cannabis stores in the province of Ontario.

“More and more people are having a shop open up locally where they can access a safe and reliable product,” says Weed Me founder Terry Kulaga. “Moreover, I’ll mention that inside the stores themselves, the people selling the products are becoming more knowledgeable about the product and the suppliers,” he surmises.

With the legal cannabis market offering cheaper prices, consumers have even more incentive to ditch the black market and start buying legal marijuana. Back in the industry’s inception, the average price per gram for legal cannabis was $10.25 while on the black market it was around 4 dollars less. Now the average price per gram for legal dried flower is around $7.05.

“Legal cannabis is infinitely better than illegal cannabis,” says Steven Frys, president and co-founder of Sessions Cannabis, a chain of five stores across Ontario. “It’s a healthy and safe product that’s approved by Health Canada and it’s highly regulated. Tax money is going back to the community when we’re purchasing through the legal channels.”

There are many cannabis sector players within the Canadian and U.S. marijuana industry. One of the interesting firms to watch is Sugarmade, Inc. (OTCQB: SGMD). They focus on offering delivery services and their market segment is certainly trending up as the pandemic drags on and people get used to having everything they need delivered to their doorsteps.

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

Do you have questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.