CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTC: WLDFF) Announces $5.3 Million in Revenues for Q3

Wildflower Brands (CSE: SUN) (OTC: WLDFF) today announced $5.3 million in revenues in its third quarter, compared to $2.5 million in the previous year’s third quarter and $5.5 million in the second quarter. According to the update, revenues were slightly less than last quarter; however, even with unforeseen circumstances and business affected by Covid-19, Wildflower was able to operate with a net gain of $101,435 compared to a loss of $(1,019,862) in the third quarter of 2019. Wildflower’s U.S. operations have been curtailed due to the closure of many retail locations where the Company’s products are sold. Manufacturing and sales activities have been scaled back to align Wildflower’s resources with the current business environment. The Company is also investigating government sponsored assistance programs to support its employees and their families.

To view the full press release, visit http://cnw.fm/7HGxD

About Wildflower Brands Inc.

Wildflower Brands is a Vancouver-based company developing and designing brands that focus on plant-based health and wellness products. All of the company’s brands work in synergy, toward becoming a global wellness leader. For more information about Wildflower Brands, visit www.WildflowerBrands.co. To learn, engage and shop for wellness products visit www.BuyWildflower.com.

About CanadianCannabisWire

CanadianCannabisWire (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.CanadianCannabisWire.com

Please see full terms of use and disclaimers on the CanadianCannabisWire 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

CanadianCannabisWire (CNW)
Toronto, Ontario
www.CanadianCannabisWire.com
905.674.5977 Office
Editor@CanadianCannabisWire.com

CannabisNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Reports Revenues of $5.5M for Quarter Ended December 31, 2019

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) this morning reported financial results for the second quarter ended December 31, 2019, including $5,514,502 in revenues for the quarter, representing a substantial increase from $1,410,135 during the same period of the previous year. Per the update, revenues were projected to be down as a result of the sudden drop in vape sales and the close of the company’s Robson store to move to its newly renovated, licensed, 2,800-square-foot facility at Robson and Granville.

To view the full press release, visit http://cnw.fm/USq4l

About Wildflower Brands

Wildflower Brands is a Vancouver-based pioneer in the cannabis industry that develops, designs and operates brands throughout North America. The company’s brands work together to make Wildflower a leader in cannabis innovation throughout the globe. The company operates British Columbia’s largest retail cannabis chain under the brand City Cannabis Co. For more information, visit the company’s website at www.WildflowerBrands.co.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

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

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

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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW – How Marijuana Companies Can Benefit from Working with Third-Party Supply Chain Players

The marijuana industry is laden with many complications, among them the ever-changing marijuana regulations. This has complicated the process of getting the legalized weed in the market. Besides, only companies with a robust supply chain system will remain competitive and maintain their dominant position in the booming marijuana market. The cannabis sector is also experiencing some problems from the startup supply chains, whereby companies that are vertically integrating the seed-to-sale process wholly eventually become a one-stop-weed-shop. However, the quality and supply of marijuana are compromised due to a lack of proper infrastructure to implement the business strategy.

Discussed below are five reasons why companies should partner with third-party supply chain management companies.

Maintains Consistency

Consistency is what creates a brand. And without a brand, a company cannot win over or maintain a market share.

Cannabis companies should manage every aspect of their supply chain. To achieve consistency, the cannabis company should work with a 3^rd party entity to monitor marijuana cultivation, growth, harvesting, extraction, manufacturing, packaging, and distribution of all its products. Through this, the company is informed of the kind of products their clients are going to get.

Rise Above Other Companies with Ease

With the help of a robust supply chain management company, a marijuana company can improve its operations while structuring costs. The supply chain management company helps marijuana companies with critical elements that are vital for the rapid growth of the company. These essential components include efficiency in its operations, negotiation skills, and expertise in logistics.

By hiring third-party supply management, the cannabis company frees up most of its resources, which makes it possible for it to invest in machinery and new technology.

Implements Strict Quality Control Measures

The marijuana industry has been faced with negative perceptions for several decades now, and reinventing and educating people about the benefits of marijuana is not a small task. Lack of federal laws governing marijuana means there are no measures for quality control hence the presence of harmful and illicit marijuana being sold in the market.

Partnering with a third-party supply chain company ensures that the marijuana company can control the quality of its products through a distinct standard operating technique that includes streamlined processes and automation. This helps marijuana businesses establish a clear path out of the stigma linked to pot.

The Third-Party Supply Management Teams are Highly Experienced

The legal marijuana sector is still new and the marijuana companies are still learning how to manage their supply chain department as well as the amount of budget to apportion to new talent.

Partnering with a third-party management company gives weed companies access to a team of experienced professionals capable of providing them with quality services.

Easily Complies with the Regulations

It can be quite a challenge for new marijuana businesses to comply with the constant changes in the marijuana industry regulations. New marijuana companies should therefore make a point of hiring a third-party supply chain manager to help in maintaining the company’s compliance mechanisms. The third-party company is also responsible for ensuring that the company products adhere to the federal legalization testing by the FDA and USDA.

It is believed that established marijuana companies like Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and SinglePoint Inc. (OTCQB: SING) have mastered all the supply chain issues plaguing startups and that is why you will never hear them entangled in compliance problems with regulators.

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 a 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

CBDNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Expanding CBD Market Presence Domestically, Internationally

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) is advantageously positioned to take advantage of the surging popularity of CBD. The company recently entered the Canadian market and plans to expand its network to include additional international markets. An article discussing the company reads, “As a result of various retail collaborations and strategic partnerships, Wildflower Brands’ CBD products are now available at 600 locations across America, including in over 260 Dillard’s department stores (http://cnw.fm/gf9JZ). The initial purchase ordered enabled company products to reach several new states, according to Wildflower Brands CEO William McLean. . . . Wildflower products are also available at 100 Earthbound Trading locations nationwide, 20 premium health and wellness stores throughout Manhattan, as well as wellness guru Joel Warren’s Saks Fifth Avenue salon (http://cnw.fm/ph2eW).”

To view the full article, visit http://cnw.fm/FEpV5

About Wildflower Brands Inc.

Headquartered in Vancouver, British Columbia, Wildflower Brands is a company building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts. For more information, visit the company’s website at www.WildflowerBrands.co.

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

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

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

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

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

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

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

CBDNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Establishing Leadership in Booming Hemp-Derived, CBD-Oil Market

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF) is making a name for itself as a market leader while the global hemp-derived CBD oil market is projected to reach $22 billion by 2022 (http://cnw.fm/dTe3n). An article discussing the company reads, “Following the latest strategic partnerships and retail collaborations, the Wildflower Brands CBD-infused products can now be found in 600 locations across America. . . . The marketplace is forecast to explode in the near future, and the entities that have an already well-established and recognizable brand will benefit the most, as McLean stated in a news release. ‘Our strategy is to build off our established brand equity in these key markets and partner with brands that can catapult us into becoming a household name,’ he concluded.”

To view the full article, visit http://cnw.fm/1iQ73

About Wildflower Brands Inc.

Headquartered in Vancouver, British Columgia, Wildflower Brands is a company building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts. For more information, visit the company’s website at www.WildflowerBrands.co.

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

About CBDWire

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

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

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

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

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

420 with CNW – California Marijuana Industry Workers Move to Unionize

California has made it easy for weed workers to join labor unions after Governor Gavin Newsom on Friday signed into law a bill that requires all cannabis stores that have 20 employees or more to enter into labor peace agreements.

California is the second state (after New York) to issue a requirement for licensed weed shops to enter into a peace deal with the labor union whereby they promise not to stop their employees from joining a union. This agreement will discourage workers from organizing labor strikes against the company.

In recent years, there has been an increased number of states decriminalizing marijuana, and this has prompted labor unions to push for these agreements. The labor union goal is to make sure that the 6 billion dollar industry does not take advantage of their workers who, instead of being paid proper wages, are paid below the minimum wage.

According to the United Food and Commercial Workers International Union (UFCW), the push for the agreements is a way for workers to form a labor union and boost their membership. When the cannabis workers are unionized, they can negotiate for better pay, annual pay rises, and health insurance coverage. UFCW is responsible for organizing marijuana workers in the U.S since 2011.

After voters approved the ballot measure for the legalization of recreational marijuana sales in 2016, California issued a requirement for all weed shops to sign the labor peace deal. However, the downside to this requirement was that the law did not include how the agreement would be enforced, nor the deadline for signing the contract by the marijuana businesses.

According to the new law signed on Friday, businesses are given a maximum of 60 days to sign the labor peace deal; if not, the employee can file a complaint with the state’s labor regulators.

A California Assembly member, Reggie Jones-Sawyer said that the signed law would help employees with clear information on when the employer is not complying with the law and when they should file a complaint.

The labor strategy being used by the emerging marijuana industry was once used to organize shipyard workers and casino employees.

Each labor deal varies from company to company, but the similarities are; the managers agree not to stop workers from joining unions, provide contact information of labor organizers to employees and give unions access to the workplace to meet with the employees. Meanwhile, the unions agree not to incite employees to go on a strike and not to say negative things about the employers to the workers.

When a marijuana company advertises the unionizing of its employees, it means that the business is a legal entity. Experts think this development in California will be welcomed by industry actors, such as Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) and Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF), since it puts marijuana industry workers at par with employees in other industries.

About CNW420

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 a 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

CBDNewsBreaks – Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Advancing Toward Global Expansion Goal

Wildflower Brands (CSE: SUN) (OTCQB: WLDFF), a public cannabis company developing brands that focus on plant-based wellness and health products, is concentrating its efforts on being a worldwide supplier of CBD products for wellness and health. An article discussing the company reads, “Wildflower Brands is keen on expansion into the global marketplace with a view toward moving into the regions of the world where CBD products are not as legally restricted in terms of sales and distribution. An agreement has been signed to enter the European Union marketplace by way of Poland. The agreement with Polish firm Two Towers was signed in April 2019. Wildflower Brands Inc. has plans for further expansion and distribution into the Asian marketplace in the near future. . . . The company has expanded tremendously since first being founded in 2012 as a private company. It became a public company in 2014, and, since then, the company has increased in prominence and achieved rising profits. It is not surprising that Wildflower Brands is doing well, considering the steps the company takes in partnering with other businesses and the steps it takes to move into and invest in new distribution hubs and markets around the world.”

To view the full article, visit http://cnw.fm/5LVrm

About Wildflower Brands Inc.

Headquartered in Vancouver, Wildflower Brands is a company building reputable brands and quality products that incorporate the synergistic effects of plants and their extracts. For more information, visit the company’s website at www.WildflowerBrands.co.

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

About CBDWire

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

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

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

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

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

420 with CNW – Snoop Dogg Draws Crowds to Oregon Marijuana Dispensary Opening

On Saturday, there was a grand opening of a dispensary in Hotbox Farms in Ontario and thousands of people were in attendance to witness the event as well as see Snoop Dogg’s live performance.

The dispensary, which is owned by Steven Meland, is the third one to open in Ontario, Oregon. In an interview with CBS 2, Meland who also owns hotbox farms on Huntington says that he has been planning to open the dispensary for a long time. He further states that Hotbox is a community-based business which caters for the needs of the community and that is why they voted for the dispensary to be located there.

The concert is a way of giving back to the community and introduce the dispensary, he added.

The entrance-free event required an immediate police response because of the celebrities attending and an influx of tourists to the city.

The Ontario police found out about the event when they met with Meland on Friday. They also found out that he had only applied for the permit for use of fireworks, food catering and beer garden. Meland was yet to file a permit for Special Events or noise variance. This left the police with less time to prepare to ensure the safety of the crowd and enough parking space.

The Ontario police Sergeant Dave Walters was concerned about the parking space, the means of getting in and out of the venue by the crowd, and how the medical specialists were to access the area in case of a medical emergency. He further states that if proper permits were filed and in good time, they would have had enough time to prepare for the event.

Walters said that if something happens, it will be impossible for the police to control a crowd of 5,000 people on a two-acre lot. In response to the sergeant of police, Meland says the event must happen, and it did.

The event coincided with the ban on flavored vaping products which was announced by Kate Brown, the Oregon governor.

Meland was happy that the governor did not issue a flat out ban on vapes because most the vape pens with issues are found on the illicit and unregulated market.

He is confident that his business will not be affected by the ban because his company only deals with vape pen brands that select strains. He knows the people from whom he is sourcing CBD products, and those given the permit to trade his products. That is why he is confident that their products will remain on the shelves when the definition of the products being banned is released.

Experts are of the view that the entire marijuana industry, including players like Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF), is pleased that Meland opened his dispensary in such a grand way that involved the entire community.

About CNW420

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 a 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

420 with CNW – Pennsylvania Governor Wolf Announces His Support for Recreational Marijuana Legalization

In a press conference on Wednesday, Tom Wolf, Pennsylvania Governor accompanied by Lt. Gov. John Fetterman, announced his support for the legalization of adult-use recreational marijuana. In his announcement, he included the final report from Lt. Governor John Fetterman’s statewide tour on recreational marijuana legalization. He also proposed the next steps to be taken after reviewing the input submitted by the citizens from the 67 counties who attended their listening sessions or reverted via their online platform.

In his announcement, Governor Wolf said that Lt.Governor Fetterman fulfilled his promise of touring all the 67 counties in Pennsylvania to get the opinion of the citizens regarding the legalization of adult-use recreational marijuana. Moreover, the majority of the feedback received was in favor of recreational marijuana legalization.

Lt. Governor John Fetterman invited the public, media companies and local officials to the tour stops in each county, where the attendees indicated their interest in the bill by a show of hands.

The report comprises of two parts. The first part looks at the volume of messages sent to the online platform hosted on the governor’s website, the comments made on the platform and comment cards collected at the tour stops, as well as any additional message received by the Lt. Gov Fetterman in other formats.

During the announcement, the Lt. Governor voiced his appreciation for the Pennsylvania citizens who attended his tours and those who submitted their comments either physically or online. He also assured the Pennsylvanians that they will do their best to bring into effect the proposed changes.

Apart from announcing the report, the Pennsylvania Governor and Lt. Governor called for the legislature to get a bill that decriminalizes non-violent and cannabis-related offenses to the governor’s desk. They also announced that they are seeking justice by expunging non-violent and small cannabis-related crimes convicted in the past. Finally, they are asking the General Assembly to debate and pass the bill legalizing recreational marijuana.

Since the majority of Pennsylvania residents are in favor of recreational marijuana legalization, Governor Wolf says that he is looking forward to accomplishing many missions together. This includes the criminal justice reform that he is proposing as it will positively affect the people of Pennsylvania.

In his final remarks, Governor Wolf expressed his gratitude to Lt. Gov. John Fetterman for touring the 67 counties and conducting the research. More gratitude was directed towards the Pennsylvanians who attended the tour stops, wrote messages or called the headquarters to voice their opinion.

Analysts are of the view that industry players like Youngevity International Inc. (NASDAQ: YGYI) and Cannabis Strategic Ventures Inc. (OTCQB: NUGS) will only be happy for the people of Pennsylvania once a legalization bill is passed and signed off.

About CNW420

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 a 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

420 with CNW – A Historic Vote Approves the Marijuana Banking Bill in the House

On Wednesday, the House of Representatives made history by passing a standalone cannabis reform bill. The bill aims to protect financial institutions and ancillary firms that provide services to legitimate marijuana companies in the United States. The legislation would guarantee stability and security to the multibillion-dollar marijuana industry as well as ensuring public safety.

A vote of 321 passed The Secure and Fair Enforcement (SAFE) Banking Act. All Democrats but one voted for the bill while 91 Republicans voted for the bill and 102 opposed it. For the bill to pass, it required a two-thirds majority of the House to vote for it.

In the United States, recreational marijuana is legal in eleven states, including the Columbian District. Moreso, most of the states in the U.S have legalized the use of medical marijuana. However, at the federal level, marijuana is still considered illegal, making financial institutions and credit unions dread conducting business with marijuana businesses out of fear of being prosecuted or facing the consequences of not abiding by the regulations. The SAFE Banking Act will protect these institutions from the effects of conducting business with marijuana companies and enterprises.

In March, the bill moved out of the House Finance Committee. Before the vote on Wednesday, the bill had tallied 200 sponsors of which 26 were Republicans. Several national banking groups are supporting the bill by pushing Congress to take action. These groups include American Bankers Association, Independent Community Bankers of America, and the Credit Union National Association. The National Association for State Treasurers, plus state attorneys general and governors from 20 different states all urged Congress to approve the bill.

Although some human rights groups are against the bill claiming that it would be a hindrance to other reforms and federal legalization; the cannabis trade groups, some human right groups, and people advocating for marijuana legalization are in favor of the bill.

Neal Levine, the CEO of the Cannabis Trade Federation (CTF), said that the federation applauds the House for passing the SAFE Banking Act and that they hope that the Senate will follow suit. He also said that the bill benefits the cannabis businesses and the communities that have chosen to embrace cannabis legalization. The Bill allows weed businesses to access banking services; thus, eliminating their reliance on cash. This will, in turn, improve safety within the community, transparency within the industry and adherence to cannabis-related regulations.

It is still not clear if the bill will be approved in the Republican-controlled Senate, but experts are in agreement that industry participants, such as Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and Willow Biosciences Inc. (CSE: WLLW), are keeping their fingers crossed hoping that the upper chamber also passes the bill.

About CNW420

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 a 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