Tag: TGODF

420 with CNW – Canadians Consume 100 Tons of Recreational Weed in First Year of Retail Sales

Data from Health Canada shows that Canadians purchased about 100 tonnes of legal adult-use marijuana within the first year of legalization and that the level of available stock continues to increase.

According to the monthly Marijuana Tracking System from Health Canada, the dried flower marijuana sold in Canada within its first year of legalization amounted to 88,676 kilograms. The overall sale of dried buds has tripled since October 2018.

Data from Health Canada further showed that at the end of September, the finished and unfinished dried marijuana inventory held by farmers, processors, distributors, and retailers amounted to 380,666 kilograms, which is about 32.5 times the quantity of total stock sold within the month of September. At the end of September, the data showed that there were about 64,151 kilograms of finished dried marijuana products in inventory, which has been going up by 5 percent every month. This suggests that a significant amount of legal pot inventory is yet to reach the retailers as the wholesalers hold it.

Within the same year, the recreational market sold a total of 46,056 liters of marijuana oil, which is an equivalent of 9,211 kilograms of dried bud. This brings up the total quantity of dried buds to about 97,887 kilograms sold to the legal recreational market.

The amount sold in the legal recreational markets is less than the quantity projected by Canadian analysts, and it is a sign that the black market demand still outpaces legal marijuana sales. In the Middle of 2018, John Zamparo, an analyst with CIBC World Markets, said that the recreational market in Canada would sell approximately 400,000kgs of legal weed annually while the Bank of Nova Scotia predicted that the total amount of marijuana to be sold this year in Canada would be 900,000kgs. These figures show that lega sales are still way below the potential of the legal recreational marijuana industry, and a possible indicator that the rest of the projected demand is being met by illicit sellers.

The data from Health Canada also showed that by the end of September, there was a total of 1,781,106 square meters of active marijuana cultivation area in Canada. This is an increase from the previous year’s 452,896 square meters of cannabis cultivation area. By the end of the first year of marijuana legalization in Canada, the farmers had planted about five million marijuana plants, and compared to last October, it is a four-fold increase.

On Tuesday last week, Statistics Canada showed that in the third quarter of the year, Canadian households spent a total of $1.27 billion on weed, with $860 million of the total sales were from the black market. The estimated sales from the legal marijuana market total were $417 million.

Experts wonder what recommendations weed companies like The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) and SinglePoint Inc. (OTCQB: SING) have for wiping out the marijuana black market that is exposing consumers to the risks associated with untested products.

About CNW420

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

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420 with CNW – Poll Finds Most Kansas Residents in Favor of Marijuana Legalization

A new survey carried out by Fort Hays State University in Kansas shows that the majority of the state’s residents are in favor of recreational marijuana, and they are in support of the industry’s taxation.

The Annual Kansas Speaks survey used opinions of Kansas residents on a myriad of public policy issues such as Medicaid expansion and weapons control. The report, which was released last week, revealed that more than 63% of the participants are in support of legalizing and taxing adult-use marijuana.

About 26% of the respondents are opposed to marijuana legalization efforts, while 11% of the participants were neutral on marijuana law reform.

Although support for marijuana legalization is backed by the majority of the state’s electorate, marijuana remains illegal even for medical use. However, marijuana may be legalized in the state of Kansas in the near future.

Lawmakers in Kansas took the first steps in advancing the marijuana reform in October. Ohio’s medical marijuana program limits the patients to a 90-day supply and also bans smoking of weed. The Special Committee on Federal and State Affairs requested the legislature to benchmark Ohio’s medical marijuana program. They also included the prohibition of vaping medical marijuana in the legalization proposal.

Senator Oletha Faust-Goudea (D) said that the legislation is bound to pass, and it is their responsibility to sit at the negotiation table and perfect the law to serve the people better.

Governor Laura Kelly (D) also said that she is in favor of medical marijuana.

Local towns and cities in Kansas are also moving forward with marijuana reform. Lawrence City Commission, for example, suggested a decrease in the criminal charges for possessing small amounts of weed to a fine of $1 and $63 in court costs. The motion garnered 4-1 votes in favor of the ordinance, which applies to first and second convictions. Third level offenses are felonies, and they cannot be processed in municipal court.

Lawrence Mayor, Lisa Larsen, said that the move by the city’s leaders was initiated to keep unwarranted charges off the city’s residents’ legal records.

She further said that her motive is to bring some reasonable and equitable justice to the people of Lawrence City.

According to a news release, the Kansas Speaks survey was conducted through phone interviews, whereby the researchers interviewed 352 residents from the month of August 26 to October 14, 2019. The study is the state’s only yearly research of Kansas residents’ views on issues relating to public affairs. The survey margin of error was 5.2%, with a 95% accuracy level.

It would be interesting to hear what marijuana companies like The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) and SinglePoint Inc. (OTCQB: SING) think about the results of this poll and the provisions of the legalization bill.

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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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Secures Additional Funding to Advance Company Initiatives

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, recently inked agreements for increased funding totaling up to $103 million. TGODF intends to utilize the capital to complete construction of various facilities and achieve national product distribution. An article discussing the company reads, “‘Our ability to raise capital, despite recent headwinds affecting the entire sector, is a clear show of confidence from our financial partners,’ TGOD CEO Brian Athaide stated in a news release. ‘It is reflective of the value of our significant assets, the trust investors are putting into TGOD’s strong corporate governance, transparency and accountability, and the opportunity for the company’s unique positioning to quickly capture and grow the organic segment.’ . . . The Green Organic Dutchman, one of the few certified-organic licensed producers in Canada, has garnered industry attention because of its ability to cultivate premium product at competitive costs, due in large part to its industry partnerships, passion for product excellence and sound governance principles. The company has accrued a significant following among cannabis enthusiasts and was recently described as one of the best licensed, Canadian, cannabis producers (http://cnw.fm/w7vSJ).”

To view the full article, visit http://cnw.fm/b0ftB

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) is a premium, certified-organic cannabis company focused on the health and wellness market. Its certified-organic cannabis is grown in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are built to LEED certification standards, and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching a series of next-generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the company also distributes premium hemp-CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.

TGOD’s Common Shares and warrants issued under the indenture dated Nov. 1, 2017, trade on the TSX under the symbol “TGOD” and “TGOD.WT,” respectively.

For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.

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

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.

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420 with CNW – Campaigners Urge EU to Adopt Medical Marijuana Standards Like Germany’s

According to the newly-born European Medicinal Cannabis Association (EUMCA), businesses across Europe should adopt the good practices being implemented by Germany in their medical marijuana industry.

EUMCA was established recently, and it is taking its first stride in the Brussels bubble by advocating for a medical marijuana regulatory framework that could be implemented by the EU member states.

Although medical marijuana is well developed in some of the EU member countries, only standards that cut across all the EU member states can ensure that patients across Europe access the same rules.

EUMCA said that having different laws governing the prescribing of marijuana-related medicine across the EU member countries could result in a problem when patients are traveling abroad and need to access treatment.

The secretary general of EUMCA, Sita Schubert, said that the primary goal of the association is to inform the national and EU institutions of the potential of medical marijuana treatment.

The reason why most doctors are cautious around medical marijuana is the lack of clinical trials. However, Schubert said that most often, health professionals and legislators are just not familiar with medical marijuana.

The socialist MEP, Miriam Dalli, said that investors need a robust EU regulatory framework that would assure them of stability and give suffering patients peace of mind.

According to Schubert, the German regulatory approach provides a quality and safe market for the marijuana-based products produced in the country.

The German parliament approved legislation that allowed patients easy access to marijuana products for therapeutic purposes in January, 2017.

Patients registered to receive medical cannabis treatment were 1000 before the changes in the law, but after the law was approved, the number of patients increased to 142,000 in Germany.

The National Cannabis Association in Germany, Deutscher Hanfverband (DHV), estimates that the number of patients on health insurance receiving medical marijuana treatment is approximately 50,000-60,000, and this makes Germany the third-largest market for medical marijuana products.

Several European countries such as Malta, Czech Republic, Italy, the Netherlands, and the UK have developed policies giving patients fair access to medical cannabis.

In 2018, the statutory health insurance providers in Germany reported revenue of close to €70 million ($77.5 million) for medical marijuana products. However, EUMCA argues that without a regulatory framework that cuts across the EU, some demand for medical cannabis in Europe could be unmet. The association also noted that the drug is both life-changing and life-saving.

According to the EMCDDA (EU Monitoring Centre for Drugs and Drug Addiction), patients’ interest in cannabinoids to treat several medical conditions has been on the rise in the past 20 years. These medical conditions include anxiety disorders, pain, cancer, depression, insomnia, and neurological disorders.

EUMCA warned that when the patients are denied access, they can access treatment through the black market, where no regulators are overseeing the quality and safety standards of the products. Before being distributed, medical marijuana must be produced and tested under the European GMP as well as practicing good distribution practices, such as certification for warehousing and distribution.

EUMCA is open to working with big companies (Tilray and Pinaxia) and small companies (Cannaflos) to get medical marijuana to the level of the EU.

Schubert said that marijuana companies should speak using one ethical voice. She further said that since the future of medical marijuana is set, people with the same medical marijuana ethics should join the EUMCA.

It is believed that this level of advocacy is appealing to cannabis industry players like The Green Organic Dutchman Ltd. (TSX: TGOD) (OTCQX: TGODF) and SinglePoint Inc. (OTCQB: SING) in North America who want to see uniform standards become a reality here as well.

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)

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420 with CNW – 5 Banking Options Marijuana Companies Can Explore

Every month, many marijuana companies across the U.S. have to move physical cash from their premises in order to pay for utilities and other needed supplies and this is a common practice among marijuana businesses. Although marijuana is legal in most states in the U.S., banks that are federally insured have prohibited the opening of accounts for cannabis businesses. This is because they are afraid of being accused of criminal activity since federally, marijuana is a controlled substance under Schedule 1 of the Controlled Substances Act.

The refusal of banks to conduct business with weed businesses has left them with no alternative but to operate on a cash basis. For example, NUG is licensed to cultivate and manufacture marijuana products in its facilities in California, and since it cannot deposit the money in the banks, the only way to safeguard it is to keep it in locked vaults.

The founder and CEO of NUG, John Oram, said that the company headquarters is set up like a casino as it has vaults and electric notes counters. He also noted that a minimum of two employees must be present when a transaction is taking place. Oram further said that the company hired armed guards for cash deliveries from the dispensaries and the guards are also cautioned to switch up their routes to avoid predictability.  NUG has 200 employees who are paid in cash. Taxes are also paid in cash.

Oram is hoping to start working with Pacific Banking Corporation to alleviate transacting on a cash basis. Some of the methods marijuana business could use to avoid operating on a cash-only basis include:

PayQwick

PayQwick was formed by two attorneys, and it functions like PayPal. Businesses and customers deposit money into a system that allows them to transact back and forth. It also permits money transfers to and from banks. Farmers can use the app to pay for seeds and soils, while customers can pay for products at the dispensary. The app allows the transfer of money across state lines and takes on the responsibility of federal compliance, such as due diligence and compilation of suspicious activity reports.

CanPay

CanPay is a mobile debit app that is widely used by marijuana retailers and businesses. Customers do not pay extra fees upon making a purchase, and customers can only transact at a maximum of $250 per day. Every time a purchase is made, the same amount is debited in your checking account. Currently, 400 medical and recreational marijuana businesses are transacting using the app.

Hypur

Hypur provides banking institutions with a legitimate way of transacting with highly regulated industries, such as the marijuana industry, through an electronic app. Hypur matches cannabis businesses with banks or credit unions since it has every detail about the financial institutions.

Dama Financial

Dama Financial has a network of all banks that are insured by the FDIC that are interested in transacting with marijuana businesses. The business looking to work with the bank must fill in an online application and agree to an on-site inspection. Once approved, Dama manages the company’s banking services, and this includes transportation of cash to the processing facility and receiving the deposits via ACH wire. The money is deposited in the company’s account the following day.

Local Banks and Credit Unions

Some small banks are open to conducting business with well-organized weed businesses, although many are still wary of marijuana businesses. You can therefore do your homework and find one of these small institutions that can accept your cannabis business as a client.

These options should ease the pressure on marijuana entities like The Green organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) and Green Hygienics Holdings Inc. (OTCQB: GRYN) who may need backup arrangements in case banks pull the plug on 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.

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

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

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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Expands Canadian Distribution, Initiates Cultivation at Valleyfield Hybrid Greenhouse

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced receipt of its inaugural purchase order from the BC Liquor Distribution Branch (“BCLDB”), further expanding its Canadian distribution footprint. The company also obtained a Health Canada license amendment, allowing it to launch cultivation operations at its flagship Valleyfield hybrid greenhouse. With the addition of British Columbia, TGOD now has the ability to distribute its products to a total of 527 retail locations across five provinces, or 82% of Canada’s current store count. In 2020, the number of cannabis stores is poised to increase from 639 to over 1,000, and the Company is continuing to strategically develop and nurture solid relationships with provincial boards and retailers, cementing its position as the leading certified organic brand. “TGOD’s high-quality certified organic product and commitment to sustainable cultivation practices resonate with BC consumers. Based on the exceptionally positive feedback we received from our BC medical patients as well as on market research, we believe the province represents an enormous market opportunity for our brand,” TGOD CEO Brian Athaide said in the news release. “As we continue ramping up production, we remain focused on expanding our distribution channels and achieving our goal of distributing nationally in Q1 2020.”

To view the full press release, visit http://cnw.fm/Dzr0S

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTC: TGODF) is a premium certified organic cannabis company focused on the health and wellness market.  Its certified-organic cannabis is grown in living soil, as nature intended.  The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are built to LEED certification standards and its products are sold in recyclable packaging.  In Canada, TGOD plans to expand its product portfolio by launching a series of next-generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the company also distributes premium hemp CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.

TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

For more information on The Green Organic Dutchman Holdings Ltd., please visit www.TGOD.ca.

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

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

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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Significantly Expands Canadian Distribution Footprint

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced its receipt of orders from Alberta, Manitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribution footprint. In addition, the company announced plans to launch two new strains in Ontario, as well as the world’s first organic cannabis certification program for budtenders. “As we continue scaling up our operations, we are now in a position to start distributing our premium certified organic cannabis products to additional provinces as well as launching new strains,” TGOD Vice President of Sales Mike Gibbons said in the news release. “Retailers are eager to get access to larger quantities of premium, high-quality dried flower, a market segment currently undersupplied. We are on track to distribute nationally in Q1, 2020.”

To view the full press release, visit http://cnw.fm/vT9Wp

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTC: TGODF) is a premium certified organic cannabis company focused on the health and wellness market.  Its certified-organic cannabis is grown in living soil, as nature intended.  The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are built to LEED certification standards and its products are sold in recyclable packaging.  In Canada, TGOD plans to expand its product portfolio by launching a series of next-generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the company also distributes premium hemp CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.

TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

For more information on The Green Organic Dutchman Holdings Ltd., please visit www.TGOD.ca.

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

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

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420 with CNW – Pew Poll Finds Increased Support for Marijuana Legalization

On Thursday, Pew Research Center released the 2019 polling results on support for marijuana legalization which showed an increase with more than two-thirds of Americans backing the policy.

The survey was conducted through phone interviews from September 3-15. It involved 9,900 respondents, of whom 67 percent said that cannabis should be legal. This is 5 percent higher than the 2018 Pew survey findings on marijuana legalization support. Pew Research Center’s 2019 poll results closely reflect survey findings released last month by Gallup, which showed that 66 percent of Americans are in favor of marijuana legalization.

In their survey questions, Pew had a new question that had multiple policy options from which the respondents could choose their answer. The new question results showed that 91 percent of Americans support the legalization of either medical or adult-use marijuana. The legalization of both medical and recreational marijuana was backed by 59 percent, while 32 percent support legalization for medical cannabis only. And only 8 percent said that marijuana should stay illegal.

According to Pew, non-supporters of marijuana legalization said that the new question findings were notable. They also said that when people are presented with more policy options to choose from, the likelihood of supporting the broad legalization of cannabis would be lessened. But, the fact is that the majority of Americans are in support of the full legalization of marijuana.

The survey confirms that marijuana reforms require the support of both the Democrats and Republicans, with 55 percent of Republicans and 78 percent of Democrats supporting the legalization of weed.

Last year’s poll results showed that only 45 percent and 69 percent of Republicans and Democrats were in favor of legalization, respectively. This year’s poll pools responses from individuals as well as the members of the parties according to which party they are leaning towards. However, the previous polls separated the responses according to parties and reported their support or lack of separately.

The Executive Director of NORML, Erik Altieri, said that over the past three decades, the percentage of the public supporting recreational marijuana has been on the rise, and there is no sign that it will subside. He further noted that in the last few years, public support has been growing stronger as more and more states develop their marijuana reforms. He also said that although the country is divided politically, at least the majority of the Americans agree on the issue of cannabis legalization.

According to the 2019 survey, people of all races, men, and women are in support of ending marijuana prohibition.

Support for marijuana legalization is expected to continue rising. The “Silent Generation” is the only age group where the majority are not in favor of legalization. Sixty-three percent of Baby Boomers and 65 percent of Generation X support legalization. And, an overwhelming number of Millennials (76 percent) are in favor of legalization.

The partisan gap support among the millennials is small because 78 percent of millennial Democrats and 71 percent of millennial Republicans are in favor of the legalization of cannabis.

The percentage of adults who are not in favor of legalizing Cannabis has reduced to 32 percent in 2019 compared to 52 percent in 2010, said Pew.

According to the released report, the increased support of marijuana legalization is because more states have legalized medical and recreational cannabis. Pew also noted that apart from the former Vice President Joe Biden, the other Democratic presidential candidates are in favor of legalizing marijuana.

Industry observers say that this news of the increased support for marijuana legalization is unlike to excite marijuana industry players like SinglePoint Inc. (OTCQB: SING) and The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) that have so far failed to see this overwhelming public support resulting in any federal marijuana law reforms.

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

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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Releases Q3 2019 Results

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, on Thursday released its financial and operational results for the three and nine months ended September 30, 2019. The company’s filings are available for review via its SEDAR profile at www.sedar.com. “Q3 marked TGOD’s entry into the recreational cannabis market with a small pilot in Ontario. We were thrilled to witness such positive feedback on product quality and packaging from retailers and consumers across the province.  Based on the initial response, demand for high-quality flower is strong and TGOD is well positioned to capture the premium organic segment which is significantly underserved,” TGOD CEO Brian Athaide said in the news release. “Despite the challenging market conditions in Canada, TGOD has an opportunity to be one of the first cash flow positive cannabis companies as early as Q2 2020. We rightsized our production and our first hybrid greenhouse is being commissioned, allowing us to produce at optimal levels while avoiding excess inventory or incurring unnecessarily high operating expenses.  Our first harvest from the Ancaster hybrid greenhouse is expected in December, which will enhance our current product line and enable TGOD’s first material revenues in Canada in Q1 2020 which is very exciting.”

To view the full press release, visit http://cnw.fm/ogH6t

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTC: TGODF) is a premium, global, organic-cannabis company focused on the health and wellness market. Its certified-organic cannabis is grown in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching a series of next-generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the company also distributes premium hemp CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. For more information, visit the company’s website at www.TGOD.ca.

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

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.

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CannabisNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters Financing Arrangements for up to $103 Million

The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, today announced its entry into signed arrangements for up to $103 million in funding. According to the update, the financing package consists of three elements: a definitive agreement for a sale-leaseback of the Ancaster Energy Centre; a construction mortgage loan term sheet; and a convertible equity note term sheet. “Our ability to raise capital, despite recent headwinds affecting the entire sector, is a clear show of confidence from our financial partners,” TGODF CEO Brian Athaide said in the news release. “It is reflective of the value of our significant assets, the trust investors are putting into TGODF’s strong corporate governance, transparency and accountability, and the opportunity for the company’s unique positioning to quickly capture and grow the organic segment.”

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

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US-OTC: TGODF) is a premium, global, organic-cannabis company focused on the health and wellness market. Its certified-organic cannabis is grown in living soil, as nature intended. The company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching a series of next-generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the company also distributes premium hemp CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. For more information, visit the company’s website at www.TGOD.ca.

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

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

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