420 with CNW – Legal Marijuana Now Party Meets Requirements for Official Registration in Nebraska

For the past six years, Mark Elworth Jr. has been working on forming a party to support marijuana legalization in Nebraska. As the November 2020 election approaches, he figures he’s collected enough signatures over the years to make the Legal Marijuana Now Party official. The party was established in 1998 as an off-shoot of the Grassroots-Legalize Cannabis Party to oppose drug prohibition. Although it shares many of the same progressive values as the Farmer-Labor Party, it mostly focuses on hemp and marijuana legalization issues.

Back in 2014, Elsworth turned in the petition to officially register the party but came up just shy of the number of signatures he needed to certify, he says. This year, 6,800 signatures were required to register the party, and he turned in a whopping 15,000 signatures. Collected over the past couple of years by him and a few other people, the signatures made the Legal Marijuana Now Party eligible for registration and granted the party full ballot access in Minnesota.

“We’re focusing right now on the legalization of medical marijuana and have been in all 50 states,” Elsworth says. According to Cindi Allen, spokeswoman for the Secretary of State’s office, the Legal Marijuana Now Party application was filed too late to be a part of November’s general election ballot. In the meantime, Elsworth will focus on keeping young people from leaving the state, he says.

The state legislature hasn’t been receptive to legalization measures. A recent petition initiative to legalize medical marijuana received enough signatures to get on the 2020 ballot and was certified by Secretary of State Bob Evnen but the Supreme Court ruled against his certification. Elsworth says that plenty of young people have aired their grievances about medical marijuana and are considering leaving the state due to the politics surrounding the issue.

“We need to stop that. We need to put up a fight. We can’t let our people go. We want to give people hope,” he says. “They think that this is hopeless. Over the next two years, he will concentrate on getting people registered for the party.

Additionally, an agreement between Elsworth and Evnen will see the signatures that were submitted to register the Legal Marijuana Now Party be processed after the Board of Canvassers meets to certify the results of the November election. If the signatures are sufficient, says Secretary of State spokeswoman Cindi Allen, the party will be recognized for the 2022 primary election.

What do sector players like Sugarmade, Inc. (OTCQB: SGMD) think about the chances of this new party triggering marijuana policy change? Every bit of effort invested in this movement counts!

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

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420 with CNW – Carbon: The Unsung Hero in Cannabis Growth and Yield

Up to 60% of the adult human body is composed of water and for human beings to survive, we need to take an adequate amount of water regularly. Plants are no different. Made primarily of carbon, cannabis plants also require plenty of carbon to thrive but if you ask most people what kind of nutrition plants need, they are more likely to mention “NPK”, “CalMag, or “micronutrients”. However, these elements make up no more than 10% of the composition of most plants and while they are beneficial, they do not provide everything the plant needs.

For cannabis growers, the most important nutrient they could introduce to their crop is carbon. Most plants are 48%-50% carbon, so the element plays a major role in determining the final crop yield and quality. Most of the cannabis cultivated in the U.S. is grown for its cannabinoids, usually CBD and THC, as well as terpenes and flavonoids. Terpenes and cannabinoids are around 80%-90% carbon by weight, so providing enough carbon will ensure your crop produces enough THC, CBD, minor cannabinoids and terpenes.

Plants take in most of the carbon they need through the air, but it is usually not the most efficient way to load carbon into your crops, unless you use a sealed grow room. In this case, a carbon dioxide injection will help increase growth, yield and plant quality. Carbon dioxide taken in from the air is turned into carbon, which provides additional building blocks and helps the crop withstand stressors. In fact, higher carbon levels increase the plant’s ability to tolerate higher light intensity and fertilizer levels.

Commercial growers who give their crops carbon dioxide injections can grow them in more demanding environments, and you don’t only have to add carbon via carbon dioxide to give your plants that extra boost. Most of the commonly used plant fertilizers are tools to help plants take in more carbon from the environment. Nitrogen, for instance, will end up being a constituent of either chlorophyll, the pigment that plays a role in capturing carbon dioxide and aids in photosynthesis, or an enzyme called rubisco whose sole purpose is to absorb carbon dioxide from the environment.

Nutrients such as phosphorus, potassium, calcium, silicon, magnesium and even water also have similar effects. Introducing such nutrients to your crops will help the plants absorb, store and utilize more carbon, ultimately improving the quality and quantity of terpenes and cannabinoids in your yield.

Inexperienced cannabis growers would do well to borrow a leaf from experienced sector players like Sugarmade, Inc. (OTCQB: SGMD) who know all too well how important carbon is to the growth of healthy cannabis plants.

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420 with CNW – First-of-a-Kind Cannabis Microbusiness Cleared to Open in Michigan

Months after recreational cannabis sales started in Michigan, sales are booming with the Marijuana Business Factbook estimating the state’s 2020 adult-use sales will total between $400 million – $475 million, growing to $1.9 billion – $2.4 billion by 2024. Michigan offers a variety of license types for the adult-use market depending on the size of the business and until very recently, the state hadn’t yet awarded a cannabis microbusiness license.

This is a type of license that allows a single business to grow its own supply of up to 150 plants, process, package, and sell the final product to customers. This week, Michigan’s first cannabis microbusiness license was awarded Sticky Bush Farm, a company based in Presque Isle County’s Onway. The license is usually meant for small businesses that aren’t allowed to interact with the rest of the licensed cannabis market. This means they can’t acquire marijuana or marijuana products from outside growers, processors, or retailers, and may not sell any products to other marijuana retailers or dispensaries.

“This is a complex license type incorporating the functions of three other license types,” says Marijuana Regulatory Agency spokesman David Harns. “The license type also presents a challenge to municipalities as to zoning because of the diversity of the function occurring in a single location.” According to Onway City Manager Kelli Stockwell, the road to processing and awarding the license to Sticky Bush Farm was long. There were two microbusiness licenses up for grabs and while the owners of Sticky Bush Farm approached the city last year, no one has submitted a request for the second license.

As of early August this year, the Marijuana Regulatory Agency had received only one complete application for a microbusiness license. “Here’s this license type that was put out for small-business owners, minority applicants, and social equity applicants and you’ve had zero applications,” said Dan Russell, a consultant working on behalf of Tranquility Fields at the time. This can be attributed to Michigan’s existing marijuana licensee rules which applied a permit’s plant limit to those that are mature, which is defined as rooted plants 8 inches or longer, regardless of whether the plant is flowering or not.

According to Russell, this means that eventual microbusiness licensees may not get an opportunity to operate a truly viable business. “If it’s defined as 150 ‘mature’ plants, it now means a microbusiness could have 75 in flower and 75 in a vegetative state, which really doesn’t create a viable business for any small business owner.”

It is believed that larger cannabis companies like Sugarmade, Inc. (OTCQB: SGMD) will be observing to see how the microbusiness model pans out in the long-term.

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420 with CNW – How Barcode Labels Improve Marijuana Security and Traceability

Despite being insanely profitable, the nascent cannabis industry still has plenty of kinks to work out. At the moment, the industry lacks a cohesive, nationwide regulatory structure and this has allowed plenty of lower quality products to slip through. Studies have found that a statistically significant portion of cannabis products on the market are either contaminated with heavy metals or do not contain what is stated on their labels. That’s what makes third party testing coupled with barcode labeling so crucial to the industry’s long term survival.

Cultivators, processors, and distributors are already required to track their products at every step of the production process, from seed to sale. That’s a whole lot of information and consumers as well as regulators need access to it to ensure the products are compliant with all regulations and are of high quality. However, since all that important information cannot fit on a conventional product label, barcodes were introduced.

Paired with common business systems like METRC, BioTrack, and MJFreeway, accurate and secure barcode labeling will streamline the end-to-end process and allow players in the cannabis space to meet traceability requirements. The Cannabis Industry Journal reports that “it is crucial to implement accurate labeling processes from the beginning, whether growing for a customer or your own vertically integrated operation.” And with the industry under strict labeling regulations, being compliant right from the start also protects you from any possible issues in the future.

“Your barcode labeling solution should also include label-approval requirements, so you have role-based access and transparency with label changes and print history in case of issues or recalls,” the Cannabis Industry Journal states. “Whatever cannabis labeling regulations your business faces, label design software helps you create compliant cannabis labels throughout the supply chain, from grower to customer.

Additionally, the journal says, select regulations require growers to leverage RFID technology to track the location of the plants in their grow houses. This technology enables real time inventory analysis and helps to reduce labor costs as well as possible errors that can occur with manual counting. A barcode labeling system that can enable easy RFID tag encoding that integrates data from all your business systems will allow you to accurately encode RFID tags with variable plant data.

Most importantly, labeling gives customers access to third party test results. A product label on a cannabis product ought to contain the pass/fail chemical testing, final date of testing and packaging, identification of the testing lab, cannabinoid profile and potency and third party lab test results. “A lot of information needs to go on a cannabis label,” the Cannabis Industry Journal concludes.

Experts say entities like Sugarmade, Inc. (OTCQB: SGMD) may already have a lot of fool-proof traceability systems in place, and startups in the cannabis space need to borrow a leaf from these veterans of the industry.

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420 with CNW – Colorado Marijuana Farmers Risk Losing Millions as Early Cold Weather Sets In

Although growing cannabis can be quite a rewarding experience, it is fraught with numerous complications. The plant requires a specific set of conditions to thrive, and farmers could find themselves facing losses due to any number of reasons. This time, it was the cold. Colorado has seen uncharacteristically frigid temperatures this month. The second week of September saw especially cold temperatures that dropped below freezing and dumped inches of snow on the ground, potentially destroying millions of dollars’ worth of outdoor cannabis and hemp plants.

For most outdoor cannabis and hemp farmers in Colorado, the roughly 70-degree temperature swing came way too early in the season, and very few, if any, were able to preemptively harvest their crop. Farmers who didn’t have adequate weather protection had to stand and watch as their crops froze and stems and branches broke under the weight of the snow. According to Dr. Jon Vaught, CEO, and co-founder of Front Range Biosciences, a Colorado-based cannabis biotech firm with hemp growing operations, the storm was catastrophic for growers.

James Lowe, co-owner at the PotCo outdoor marijuana farm outside Pueblo was confident that he was ready for the coming low temperatures. However, the forecast didn’t prepare him for up to 9 inches of wet snow. The PotCo farm has grown roughly 7,000 plants, many 7-8 feet tall, in partnership with neighbor Next 1 Labs, and the low temperatures could cost them millions. “We were on pace for the largest harvest we’ve ever had. The weight of it was what ended up being the problem.”

He says that they may suffer losses of up to $4 million to $5 million, with the severity of the loss depending on several factors. If plants hang on long enough for the temperatures to increase, they will be able to harvest the flower as planned but if not, the entire crop would go toward extraction for a significantly lower price. “The THC is still out in the field, and it’s not going anywhere,” Lowe says, stressing that they won’t suffer a total loss.

Harvey Craig, a hemp grower in the San Luis Valley in Southern Colorado says that anything that was left outside “froze pretty solid.” 70% of his crop is in greenhouses, and although he used shade cloth, canvas, and plastic to protect the rest of the outdoor plants, the wet and heavy snow snapped uncovered plants at the stalk and broke branches. “This is devastating to a lot of farmers. I hope this doesn’t put people over the edge. The hemp industry is a tough struggle.”

The news coming out of Colorado regarding the early cold weather is likely bad news for the entire cannabis industry, including Sugarmade, Inc. (OTCQB: SGMD).

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420 with CNW – Data Suggests Colorado Marijuana Users are Transitioning from Consumers to Patients

Six years after Colorado legalized adult recreational use of cannabis and amidst the largest health and economic crisis in a century, the state’s cannabis industry is flourishing. June saw recreational marijuana shops sell more than $155 million worth of cannabis products, a 6% increase from the $149,186,615 worth of cannabis products sold in May. July was even more profitable with the state reporting $42 million in medical marijuana revenues and $164.2 million from recreational marijuana for total monthly sales of $206.7 million.

Colorado is representative of the entire country’s cannabis industry: it was declared essential at the start of the coronavirus pandemic and has weathered the storm surprisingly well. While most industries were affected by the resultant economic crisis, cannabis has consistently broken sales records month after month, providing states much-needed tax revenue. As the coronavirus started spreading, experts predicted that the worsening economy and reduced disposable income would push cannabis consumers to the illicit market.

Additionally, they predicted that recreational users would try to reduce their monthly spending by obtaining medical marijuana cards that would enable the purchase of similar cannabis products at a significantly lower sales tax rate. As a medical marijuana card can generally be obtained without much difficulty, this was entirely plausible. Based on data collected in the months since, it seems the market is indeed moving from recreational to medical use.

The medical market was seeing stunted growth before COVID-19 but recent sales data shows that trend is reversing. Benzinga reports that “since the pandemic, we note an uptick in cardholder counts coupled with a sharp increase in monthly spending. This trend could also suggest that existing cardholders are spending more for resale into the ‘gray market’ (purchased in the legal market, sold in the illicit market).”

Colorado boasts one of the country’s oldest and most stable cannabis industries and it may set a precedent for other states with legal cannabis programs. “As the bellwether for the U.S. cannabis industry, Colorado could be an indicator of similar trends experienced in other recreational use markets. Cannabis regulations and disclosures vary by state and with a 6-plus year experience of regulating a dual market, we think Colorado could serve as an indicator of similar trends experienced in other U.S. bifurcated markets.”

However, Benzinga notes that as the medical and recreational scenes coalesce into a single, larger market, the trend will fade with more growth coming from the recreational market. “With the imminent end of federal prohibition, we recognize that this shift could prove inconsequential as the medical (as defined today) and recreational use markets combine into one substantially larger market (medical use will be redefined and recalibrated with precise dosage, efficacy, etc. similar to other health/wellness products).”

These are interesting developments that sector players like Sugarmade, Inc. (OTCQB: SGMD) are most likely going to analyze carefully.

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420 with CNW – Congressional Bill Seeks to Allow CBD and Other Hemp Ingredients to Be Sold as Supplements

Two congressmen have introduced a bill that would allow CBD and other hemp extracts to be marketed and sold as dietary supplements. Sponsored by Reps. Kurt Schrader and Morgan Griffith, the bipartisan legislation would make it clear that Congress intends on making federally regulated CBD and other hemp products available to American consumers. Although industrial hemp and its extracts were legalized in December 2018, the nascent industry lacks a national regulatory framework. The new bill seeks to clear the legal confusion around CBD and allow licensed retailers to sell CBD products.

“Hemp was historically an important crop for Virginia farmers, and dietary supplements made from it do not possess dangerous addictive qualities. Nevertheless, the current state of regulation creates confusion about its legal uses,” said Rep. Griffith in a press release. “I joined this bipartisan bill to provide certainty for hemp farmers that their crop may find legal uses.”

Titled the “Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2020,” the bill would mandate that “cannabis derived from hemp shall be lawful under the Federal Food, Drug, and Cosmetic Act as a dietary ingredient in a dietary supplement. Under the bill, hemp-derived CBD would still have to comply with federal requirements on packaging and labeling as well as FDA rules regarding new dietary ingredients. According to industry advocates who pushed for a clear federal path for hemp-derived CBD, the measure would boost consumer confidence in CBD products and help businesses that poured money into hemp production when it was legalized.

The U.S. Hemp Roundtable said in a press release that thousands of farmers and small businesses invested in what was widely seen as a CBD boom. “However, public announcements by the FDA questioning the legality of ingestible hemp-derived products have hindered the progress of the industry and put at risk the livelihoods of many hemp farmers. Not only did the lack of clarity spell economic disaster, but it also resulted in a lack of regulations around quality, leaving consumers unprotected.”

The legislation is part of an ongoing effort by the federal government to regulate the nascent hemp and hemp extract industry which has been termed by some as the ‘wild west’. Last year, a bipartisan group of 26 House members sent a letter to the Food and Drug Administration (“FDA”) urging the agency to provide a path for CBD products to be legally marketed and sold. The lawmakers said that the FDA’s “current significant regulatory posture on CBD has created significant regulatory and legal uncertainty for participants in this quickly evolving industry.”

If this bill became law, analysts are convinced that the entire cannabis sector, including Sugarmade, Inc. (OTCQB: SGMD), would regard it as one of the best pieces of legislation that has been passed in recent years.

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420 with CNW – Marijuana Advocates Help Congress Draft Bill to Prevent Impaired Driving

A well-known cannabis advocacy group, in association with the National Organization for the Reform of Marijuana Laws helped draft a new congressional bill whose objective is to combat drug-impaired driving.

The legislation was filed on Friday by Representative Kathleen Maura Rice (D-NY) and Troy Balderson (R-OH). The legislation would also establish a $5 million annual federal grant to be used to further advocate for public education on drug-impaired driving.

Those who oppose cannabis legalization often claim that its legalization would increase occurrences of impaired driving despite the lack of evidence to back their claims.

Last year, it was also determined by the Congressional Research Service that the concerns that have been expressed by various legislators about marijuana legalization making the roads more dangerous might be unfounded. The body discovered that proof of cannabis’ ability to impair driving is not conclusive.

Additionally, they stated that despite the numerous lab studies and trials that determine that cannabis consumption can affect an individual’s motor performance as well as their response times, the studies on the effect of cannabis consumption on a driver’s risk of getting involved in a car crash have not provided consistent results. Some studies even found that there was almost no risk of a car crash that would result from the use of marijuana.

The studies were also unable to link different levels of cannabis consumption or THC levels in an individual’s body to levels of impairment.

It should be noted that driving under the influence of any substance is not endorsed by any individual, independent body or the general public. This also includes states that have legalized cannabis as well.

In July, a separate bill was approved by the House that made it necessary for states that had legalized marijuana to look into various methods of educating individuals about impaired driving while also discouraging them from driving under the influence.

Furthermore, some studies that were carried out by independent bodies discovered that the legalization of cannabis is not linked to a rise in traffic accidents.

In a press release that was done recently, Rep. Kathleen Rice, who is also the sponsor to the new Drug-Impaired Driving Education Act, stated that driving while intoxicated on drugs was just as detrimental as driving under the influence of alcohol. She then proceeded to say that was why the bill had been drafted, to expand public education and raise awareness of drug-impaired driving.

It remains to be seen what marijuana sector players like Sugarmade, Inc. (OTCQB: SGMD) think about the spirit and letter of this bill before Congress.

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420 with CNW – Congressman Introduces Bill to Promote Hemp Industry

Almost two years after Congress legalized industrial hemp and allowed farmers across the country to start growing the crop under state and tribal programs, an outgoing congressman has filed a bill that would create a variety of programs that would help new entrants into the industry grow their businesses. Dubbed the ‘Hemp Opportunity Zone Act’ the bill was filed by Rep. Denver Riggleman. One of its main objectives is the creation of “opportunity zones,” areas where farmers who cultivate hemp will be eligible for tax benefits.

These are census-designated low-income areas that are considered economically distressed, with the governor making the designation and the Treasury deciding whether or not to certify it. The Hemp Opportunity Zone Act will promote investments in areas that don’t see much investor activity by allowing investors to defer capital gains taxes as long as they invest their funds in an opportunity zone business.

According to Rep. Riggleman, who lost his primary re-nomination bid and has just a few months left in Congress, hemp farming is a new and thriving industry. “By providing these tax incentives, hemp growers in Virginia and the 5th District are primed to lead based on their historic production of tobacco,” he says. Jonathan Miller, general counsel of the U.S. Hemp Roundtable says that they “are reviewing the legislation now but if it indeed serves to open up investment in hard-hit farming and small business communities, it would be a welcome relief for an industry that has been struggling through the COVID pandemic and federal burdens imposed by FDA, USDA, and now the DEA.

Although treasury Sec. Steve Mnuchin weighed in on the marijuana industry’s eligibility for the opportunity zone program earlier this year, he stated that it is “not the intent of the opportunity zones that if there is this conflict (between state and federal laws) that has not been cleared that, for now, we should not have those businesses in the opportunity zones.”

Aside from clarifying hemp businesses’ eligibility for the opportunity zone program, the bill would also create a “hemp farmer start-up tax credit” equal to 10% of the cash rent paid for the land used for production or 15% of the “crop share rent so paid by the taxpayer. For farmers to be eligible, they need to have less than $25 million in gross receipts for the last taxable year. Additionally, the bill would also establish a “small hemp farmer credit” that would allow businesses with less than $250,000 in gross receipts for the last taxable year to “obtain credit equal to 30% of the basis of hemp farming property placed in service.”

Experts say such a law would go a long way towards addressing the cries of the cannabis sector, including companies like Sugarmade, Inc. (OTCQB: SGMD).

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420 with CNW – Top USC Researchers: THC In Cannabis May Be Used to Treat Fatal Coronavirus Complication

According to three recently released studies, top researchers at the University of South Carolina reckon that THC, a chemical found in cannabis and causes an individual to get ‘high’, may be used to treat a fatal complication resulting from a coronavirus infection.

Co-published by Prakash Nagarkatti, USC Vice President for Research, the studies discovered that THC, a potent and mind-altering chemical, is capable of preventing a damaging immune response that leads to ARDS (Acute Respiratory Distress Syndrome) that gives to the growth of healthy lung bacteria. The tests were done on mice.

The studies were published in the British Journal of Pharmacology, Frontiers in Pharmacology as well as the International Journal of Molecular Sciences. The briefs’ stated that the mice were given a toxin which prompted the negative immune reaction that caused ARDS, then injected with THC.

Acute Respiratory Distress Syndrome works by overriding the immune system of the body and starts damaging the body’s lungs as well as other organs. According to a study carried out by the National Institutes of Health this year, the average mortality rate of ARDS is 43%. Among survivors who were not fatally affected, it may result in long-term scarring of lung tissue.

Nagarkatti stated that in the three distinct studies and the dozens of experiments that were carried out, 100% of the rodents that were given THC pulled through. Nagarkatti noted that he was impressed with the efficacy of how potent THC was in helping treat ARDS, despite the fact that it had only been done in mice.

He also added that as of now, there was no drug approved by the FDA that could be used to treat Acute Respiratory Distress Syndrome. He recommended that given the effectiveness of the experiments, health officials should begin human trials using THC.

Nevertheless, this does not make it a good idea for individuals to smoke cannabis if they believe they have coronavirus. This is because THC represses the immune system’s response which may make the coronavirus infection more severe.

Nagarkatti added that it was important to note that their research should not be interpreted as “Cannabis is good for coronavirus.” His research also shows that THC could be used (if approved for human trials) for a patient who has developed severe ARDS but not for all coronavirus patients.

These studies were produced by both Mitzki Nagarkatti and Prakash Nagarkatti, USC’s top researchers. The Pathology, Microbiology and Immunology department is chaired by Mitzki.

This news that THC could help patients with COVID-19 is likely to be applauded by cannabis companies like Sugarmade, Inc. (OTCQB: SGMD) who believe the full benefits of marijuana are yet to be discovered.

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