A little over four months after the coronavirus was first identified in Wuhan, China, it has infected at least 5 million individuals, claimed over 300,000 lives and brought the world economy to a standstill. As the world takes steps to curb the spread of the virus, technology has proven crucial, allowing governments and businesses to keep operating from home and helping workers and customers stay safe. And as experts say we may be grappling with the coronavirus for at least two more years, the role of technology in our daily lives is even more important.

Cannabis was lucky enough to be declared an essential service by most state governments, and businesses were allowed to implement extra measures to keep the staff and customers safe during transactions, such as online bookings, curbside pickups and home deliveries. All these tech-dependent measures are now an integral part of most cannabis businesses’ operations, and they may be moving forward. But that isn’t the only way technology can help the cannabis industry.

Product safety and security is crucial for consumable products like cannabis. Unfortunately, a lot of the cannabis on the market is substandard, with customers being subjected to contaminated, rotten or generally substandard marijuana. This not only affects the customer’s immediate experience and hinders any health benefits it may offer, but it gives the industry a bad reputation. With the right technology, however, low quality marijuana will be a thing of the past.

Keirton’s Twister Trimmer, for instance, strips large volumes of cannabis flower of its low quality leaves and removes mildew and other contaminants.

Technology can also boost production and efficiency. In these times, the fewer people who handle your marijuana the better. World Health Organization and CDC guidelines require operators to dramatically limit the number of employees permitted on site due to the coronavirus pandemic, and for them to maintain and even increase their production output, they will need suitable technology. Automation will reduce the number of hands needed to process cannabis flower, keeping the entire process and the end result safe and hygienic. Due to the changing economy and health guidelines, automation may be the only way for cannabis companies to keep operating in the future.

Overall product quality and consistency will be assured once technology comes into play. Emerging technologies like Artificial Intelligence will help detect low quality flower and contaminants, ensuring the overall quality of the end product remains high. In addition, automation will keep the entire process uniform, resulting in a consistent product that customers can trust every time.

At the moment, product safety and security is paramount, and companies that uphold these values will be able to weather the storm caused by the coronavirus and emerge on the other side in one piece.

It would be interesting to learn what next-gen technology systems established cannabis companies like SinglePoint Inc. (OTCQB: SING) are deploying during this pandemic and beyond.

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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SinglePoint (OTCQB: SING) was featured on this week’s episode of MoneyTV with Donald Baillargeon. The internationally syndicated program covers money-focused topics, featuring various companies and in-depth interviews with CEOs and executives that offer insights into operations and future outlooks. MoneyTV is viewed in over 200 million households in more than 75 countries. Among other highlights from this week’s program, SinglePoint CEO Greg Lambrecht provided key insights to corporate growth and increased revenues and discussed the successful 1606 Hemp retail rollout as well as commercial solar opportunities. “We still had a great quarter,” Lambrecht said in the interview, discussing SinglePoint’s success even in the midst of COVID-19. “A lot of that has come from pivoting to where we started to go virtual with our solar selling, and it’s really worked out.”

To view the full press releases, visit http://cnw.fm/WMjo1 and http://cnw.fm/C36wd

About SinglePoint, Inc.

Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.

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

About HempWire

HempWire (HW) 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. HW 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. HempWire (HW) is where HEMP news, content and information converge.

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Although government-issued coronavirus-related measures were designed to curb the spread of the virus, they had an unintended consequence, economic downturn. With all but the most essential businesses ordered to close during lock-downs, the economy was in a free fall. More than 20 million Americans have lost their jobs since the start of March, and the government ended up deploying a massive $2 trillion coronavirus relief bill to help people and small businesses weather the storm.

However, due to ongoing federal prohibition, businesses in the state-legal marijuana industry were denied access to these relief funds. Federal prohibition has made banking institutions avoid cannabis businesses, dooming them to cash only transactions which in current times are a big no. Advocates, stakeholders and lawmakers decried the cannabis industry’s exclusion from these funds, stating that it pays taxes just like any other business and many small businesses in the sector are facing financial hardship due to the coronavirus pandemic.

On May 15, the U.S. House of Representatives passed a $3 trillion coronavirus stimulus bill which includes a provision that would allow banks to serve state-legal marijuana businesses without fear of federal retaliation. Dubbed “The Health and Economic Recovery Omnibus Solutions [HEROES] Act,” the bill includes the SAFE Banking Act which granted banks permission to transact with cannabis businesses without fear of federal reprisal. It was approved by the House last fall but has since been stuck in a Senate Committee.

“The inclusion of cannabis banking in the HEROES Act is a positive statement from the House and strongly supplements the decision that the majority of states have made by designating cannabis businesses as essential.” says Washington DC lobbyist David Mangone who lobbies for the National Cannabis Roundtable. Cannabis was one of the few industries that were designated as essential by state governments. However, since marijuana businesses do not have access to cashless payment systems, they have to transact on a cash only basis, greatly increasing the workers’ and customers risk of infection.

“The pathway forward in the Senate is both uncertain and challenging, but SAFE banking is one of the few provisions that not only has strong bipartisan support but also generates revenue rather than adds to the deficit,” Mangone says.

The bill now heads to the Senate which has never passed cannabis banking legislation and has already shown some push back. “I would be surprised if it passed the Senate, just given Senate Majority Leader Mitch McConnell’s comments on the SAFE Act previously, and given his statements about his reaction to it in the last 24 hours,” says Jonathan Havens, co-chair of the Cannabis Law Practice.

“It’s not enough that the House is going to do this. The Senate really needs to act in concert, and it doesn’t sound like they are going to do that if you take your cues from McConnell.”

Cannabis industry watchers say sector players like SinglePoint Inc. (OTCQB: SING) must be wondering what it will take for the Senate to consider the issue of cannabis banking objectively and pass the pending bills before them.

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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SinglePoint (OTCQB: SING) today announced the release of a video in which Greg Lambrecht, SinglePoint CEO and Chairman, provided an update regarding 1606 Original Hemp (www.1606Hemp.com). Among other highlights, Lambrecht reported that the direct to store sales strategy employed by 1606 Original Hemp is showing early returns and promising signs of success. “We started a call center, calling smoke shops and convenience stores,” SinglePoint CEO and Chairman Greg Lambrecht stated in the video. “This month alone we have gotten 160 accounts.”

To view the full press release, visit http://cnw.fm/F76Dv

About SinglePoint, Inc.

Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.

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

About HempWire

HempWire (HW) 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. HW 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. HempWire (HW) is where HEMP news, content and information converge.

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Last year, the New York City Council approved a ban on pre-employment drug testing for marijuana. As of May 10, the ban took effect, and it stipulates that companies in the city can’t conduct pre-employment tests for THC metabolites unless the position is safety sensitive.

The original bill included language that exempted some jobs from the prohibition on testing, such as people charged with supervising or caring for children and positions “tied to a federal or state contract or grant.” It also contains a provision that allowed the New York City Commission on Human Rights to expand the list of exempted jobs.

The commission later proposed regulations last month, leaving them open for public comment until April 27. Under the proposal, workers who use heavy machinery, spend a significant amount of time on a construction site, gas utility lines, or use a motor vehicle on a daily basis would not be exempt from pre-employment testing.

Although the exemptions haven’t been finalized yet, the commission announced that “claims arising between March 10, 2020, and the date when the rules are finalized, the Commission will not be filing enforcement actions related to the above-listed positions.” This means that if an employee files a complaint about pre-employment drug testing for the aforementioned positions, the Commission will not take action.

The move has been widely praised by advocates as a proper step in protecting cannabis consumers from unfair discrimination. However, some advocates have taken issue with the list of exemptions, and argue that they are too broad.

Marijuana Policy Project (MPP), for instance, has said that the “MPP understands the City Council decided to exclude safety-sensitive positions. However, MPP believes the proposed rule goes beyond what is required by the Bill.”

“We are particularly concerned by the inclusion of a limitation for anyone who drives daily, which could impact a large number of working-class New York City residents. Science has proven that cannabis can stay in one’s system up to a month later. This means a positive test for marijuana does not prove one is impaired at work,” said DeVaughn Ward, senior legislative counsel at MPP in written testimony to the Commission.

However, according to some, employers should ultimately be able to decide whether they want a drug free work environment or not.

“Restricting an employer’s right to test for THC is the first step to prohibiting employers from all substance testing that puts accident injury and fatal liability directly upon them,” said the National Drug and Alcohol Screening Association (NDASA).

“Without exempting all employers or offering the ability to opt-in or out of Local Law 91 then a burden will be put on the shoulders of the employers to provide safe work environments by forcing them to accept applicants that are using a known impairing substance.”

Experts say the cannabis industry, including companies like SinglePoint Inc. (OTCQB: SING), would like to see more jurisdictions ban pre-employment THC tests because those tests force consumers to choose between their jobs and using a substance that they need (especially medical marijuana users).

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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SinglePoint (OTCQB: SING) today provided an update on its new strategic direct to store (“DSD”) sales initiative focused on initial product placement and market penetration within convenience stores and smoke shops in the domestic U.S. market. According to the update, “This DSD strategy is designed to enhance sales, initial product placement and augment existing traditional retail distribution sales efforts leveraging the recent introduction of the new countertop displays. The Company recently hired multiple representatives to facilitate the placement of 1606 Hemp in specific retail locations and has the ability to closely monitor the sales activity and results through this direct contact with each retail location. Results have been positive as the 1606 Hemp product placement efforts quickly moved past an internal sales milestone shortly after implementing the DSD sales strategy.”

To view the full article, visit http://cnw.fm/F6buZ

About SinglePoint, Inc.

Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.

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

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. HWN 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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More than three months after the coronavirus was first identified in Wuhan, China, thousands have lost their lives and the world economy has taken a historic hit. In the U.S., over 20 million individuals have lost their jobs as all but the most essential businesses shut down their brick and mortar locations. The hospitality and restaurant industries have been especially hit.

Although most states with legal marijuana deemed the industry essential, a lot of marijuana businesses have had a hard time operating during the lockdown. Medical experts say the virus can survive on money for quite a while, but due to prohibition, these businesses have been forced to operate on a largely cash basis. This not only puts the employees in danger of infection but also the millions of immunocompromised people who rely on marijuana as medicine.

On Friday, a coalition of marijuana advocacy groups sent a letter to House leadership asking them to remedy this situation. They want the House to incorporate language allowing the cannabis industry to access banking services in upcoming coronavirus relief legislation.

Financial institutions have always shied away from transacting with the cannabis sector for fear of reprisal from the federal government. This locks cannabis businesses out of contactless payment options like credit cards, which are highly encouraged at this time.

“As recent reports show that viruses can live for up to 17 days, the public safety concerns of this cash-only system compound. The lack of access to financial institutions places industry workers, government employees, and the public at large at risk as banknotes circulate from consumers and patients to businesses to government,” states the letter.

“Unlike other essential industries with access to remote payment processing and the use of credit cards to make a transaction entirely contactless, an industry limited to cash transactions must do business in close proximity to the public, including immunocompromised and otherwise medically vulnerable patients.”

The letter was signed by the National Cannabis Industry Association, Americans for Safe Access, Global Alliance for Cannabis Commerce, Marijuana Policy Project, Minority Cannabis Business Association, NORML, National Cannabis Roundtable, National Association of Cannabis Businesses, Policy Center for Public Health and Safety, and the Safe and Responsible Banking Alliance.

It also touches on the fact that marijuana businesses were denied access to the disaster relief funds dispatched by the federal government.

“Cannabis businesses and their employees already face a significant public safety risk without access to the banking system, and the COVID-19 crisis has only exacerbated this risk with these essential businesses having to move their cash-only transactions outside the store,” says Rep Ed Perlmutter.

“I will continue pushing for the inclusion of the SAFE Banking Act or other forms of relief for this industry in the next package.”

Analysts believe that the entire marijuana industry, including SinglePoint Inc. (OTCQB: SING), will be hoping that the decision makers in Washington soften their stance on marijuana and make concessions aimed at helping the industry through this crisis.

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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The past few years have been instrumental for cannabis. It has seen a slew of positive legislative changes and more states are willing to look at it objectively, especially in regard to its potential medical benefits. Although the science to back this up is scarce, we now know without a doubt that cannabis produces chemicals called cannabinoids, and they are responsible for its therapeutic abilities.

The two most common ones are THC and CBD. THC is the main active component in marijuana and it is responsible for cannabis’s infamous ‘high.’ CBD, on the other hand, carries most of marijuana’s medical potential and has a wide variety of medical applications. However, cannabinoids aren’t limited to just these two.

Cannabis produces over 100 of them and aside from THC and CBD, there are numerous others including THC-a, CBD-a, CBC, and CBG. Cannabinoids like THC-a, or tetrahydrocannabolic acid, especially, hold their own against CBD in some aspects.

CBD is a powerful anti-inflammatory, but THC-a may be even more potent. It is the inactive form of THC, and it gets converted into the psychoactive chemical when it is heated or burnt. The process also occurs naturally as the plant dries.

Like CBD, there isn’t enough science to definitively say that THC-a is 100% effective against certain conditions. However, there is plenty of anecdotal evidence, and preliminary research has been encouraging.

It is a potent anti-oxidant, and it could hypothetically be used as a neuroprotectant in neurodegenerative conditions like Alzheimer’s, Parkinson’s, Multiple Sclerosis, ALS, and similar conditions. Although there haven’t been any human trials yet, the science behind the theory is sound.

THC-a is also a powerful anti-inflammatory, and it has been found to be 10-20 times more potent than CBD. And while cannabidiol can kill affected cells in high doses, THC-a does not.

One risk with cannabidiol is potentially harmful drug interactions. CBD is broken down in the liver by an enzyme that breaks down many common medications and it can interact with these drugs in potentially dangerous ways. THC-a, on the other hand, is broken down by a relatively lonely enzyme and has limited chances of interacting with any other drugs in your system.

THC-a is also more abundant than CBD. Cannabidiol may be insanely popular, but it makes a small percentage of the total cannabinoids produced by cannabis. Since THC-a is the inactive form of THC, there are larger reserves of it. As long it is extracted before it converts into THC, using a cold extraction method like chilled ethanol, you’ll have a lot more THC-a than CBD.

Although THC-a still isn’t as accessible as cannabidiol yet, this may change with time as more research is done. At the moment, experts recommended a 10-40mg dose over the day, for a couple of weeks for the best results.

It is widely expected that sector players like SinglePoint Inc. (OTCQB: SING) may be doing a lot of work behind the scenes to bring THC-a products to consumers in the near future.

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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SinglePoint (OTCQB: SING) announced today that it is starting its second quarter with strong numbers and the focus on continued growth. According to the update, SinglePoint’s Hemp vertical is on track to double sales in Q2 alongside the launch of 1606 Hemp six-pack counter top display. 1606 Hemp has seen a 133% increase in sales growth this quarter, as well as a 233% growth in sales up to this point of the month compared to the same timeframe in the previous month.  SinglePoint has placed a focus on self-generated in store placement by hiring professional sales representatives to acquire new stores for the sales of its products over the next four weeks. The company’s goal is to grow 1606 by more than 250 retail accounts throughout multiple states.

To view the full press release, visit http://cnw.fm/9EwBm

About SinglePoint, Inc.

Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.

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

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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Cannabis is arguably the most abused drug in the world. Half of all drug seizures in the world is marijuana, and the black market makes vast amounts of money from marijuana trafficking. According to a former federal prosecutor who’s now running for Congress, legalizing marijuana may hurt the cartels that feed these black markets.

Adam Schleifer saw the dark side of humanity while working as a federal prosecutor investigating the illicit drug trade. He realized that America made a large part of the illicit drug market, and he came away with one conclusion. Federal legalization.

He is now a congressional candidate, and he argues that federal marijuana legalization is a superior alternative to blanket criminalization. Aside from dealing a great blow to the cartels, legal marijuana will generate tax revenue, create jobs and protect public health, he says.

“Before COVID-19 turned our world upside down, legalization of marijuana was expected to be a centerpiece of New York’s 2020 budget legalization. Now, legalization and the $300 million in estimated annual tax revenue that it will eventually bring will have to wait,” he said.

“This raises an important question. Why are we not talking more about federal legalization of marijuana, which could generate some $132 billion in tax revenue and create 1 million new jobs? Federally legalized, regulated, quality-controlled marijuana would also deprive pernicious international drug cartels of major revenue sources and help us support the integrity of our borders,” he says.

He adds that if undertaken with appropriate health and safety oversight by the U.S. Food and Drug Administration (FDA), “federal legalization would help address our vaping crisis.”

The former assistant U.S. attorney served in Los Angeles from 2016 to 2019, and he is running to fill the seat vacated by retiring Appropriations Committee Chairwoman Rep. Nita Lowey.

He says that at its base marijuana is a product with some medical applications and less physically addictive and dangerous than alcohol.

“We should let American farmers and not international drug cartels meet the demand for marijuana under the framework of federal safety and purity regulation by the FDA. And federal legalization would generate important tax dollars while reducing the financial inefficiencies and fraud that are endemic to our existing state by state patchwork system.”

He says that although the cartels may have a head start in terms of agricultural experience and marijuana transportation and infrastructure, he hopes the criminal element and the violence and predation associated with it will eventually degrade and dissipate.

Experts say the views expressed by the former federal prosecutor are in line with what the marijuana industry, including companies like Round Meadow Holdings Corp. and SinglePoint Inc. (OTCQB: SING), have always said about safeguarding consumers from the risks of black market cannabis products by implementing legalization at the federal level.

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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