420 with CNW – The Next Big Trend in Cannabis: Low-THC Products

For many years, the most popular and well known cannabinoid was THC. However, in the recent times, there has been an increase in CBD awareness and popularity.

Search trends on Google indicate that CBD is searched more often as compared to THC, and this has been the case for the last few years. Clearly, interest in CBD is on the rise, but is its use increasing too? Many wonder if CBD products will lead to a decline in THC popularity among patients and consumers. Will that be the case? Below are some reasons why CBD might just eclipse THC in the consumption department.

CBD products are easier to cultivate

CBD products are also referred to as low-THC products. Marijuana strains that are low in THC are more common in nature than strains that are high in THC. To get a plant to yield high amounts of THC, you require the right ecosystem and environment.

This is in comparison to hemp with low THC which can grow anywhere, as long as the temperatures are not extremely cold or hot. Additionally, low THC products can be locally sourced, making them easier to get to international markets.

This makes low THC varieties of marijuana easier to cultivate unlike high THC varieties, which boosts their popularity with consumers.

There are more favorable laws governing CBD

Most low-THC products that are internationally available are derived from hemp and in many countries, the regulations and laws of hemp are generally more favorable as compared to non-hemp cannabis varieties. A great example of a country with favorable laws would be Switzerland.

In Switzerland, floral hemp or low-THC marijuana, is very popular and widely available for legal purchase by adults. While products that have more than 1% THC in them are prohibited for recreational use, marijuana products that have less than 1% THC are legal in the country.

History has shown that a country is less likely to pass a high-THC recreational law but will have no qualms with approving a low-THC medical marijuana law. This also affects consumer popularity.

Reduces the use of prescription medication

A recent study discovered that the increased availability of low-THC marijuana products led to a decrease in the use of pharmaceutical drugs. This is not only good for marijuana consumers but also for the society as a whole, as there’s a decrease in public-entitlement health-related costs.

This just goes to show that as the fight to have plant-based therapies recognized as an alternative form of treatment, many are finding ways to incorporate low-THC marijuana remedies into their routines, showing that there is a growing trend of these products capturing a bigger market share. What do companies like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) think about this growing trend?

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 – Vermont Marijuana Policy Reform Bills Sent to Governor’s Desk

A proposal to legalize cannabis sales in Vermont and another one that provides automatic expungements for marijuana convictions have been pushed to the governor’s desk after a final Senate vote was conducted on Tuesday.

The state Senate approved the negotiated legislation with a 23-6 vote after the House of Representatives had approved it.

In 2018, Vermont legalized the cultivation of 2 marijuana plants and possession of a maximum of 29 grams of marijuana. However, no regulations that allow retail sales were put in place.

The governor of Vermont, Gov. Philip Brian Scott (R) has yet to explicitly confirm or deny whether he will put his signature on the S.54 measure but he admitted to being impressed last week on how the measure was received in the legislative process and noted that he would take that into account.

Apart from the marijuana sales legalization bill, the Senate also approved a separate bill that will issue automatic expungements of cannabis convictions as well as allow individuals to possess and grow more marijuana without being arrested. The House had passed the proposal earlier this month, meaning it’s also headed to the governor’s desk as well.

The proposed marijuana sales bill states that cannabis would be subject to the state’s 6% sales tax and an additional 14% excise tax. S.54 also highlights a few social equity provisions like helping individuals who have been adversely affected by the drug war and making cannabis business licenses for minorities a priority. Additionally, an independent regulatory commission will be in charge of promoting small business participation in the market.

A cannabis control commission would be established and would be responsible for the issuance of licenses to growers, retailers, manufacturers, labs and wholesalers. This body will also assume the role of the Department of Public Safety in regulating the state’s medical marijuana industry.

Additionally, flavored vape cartridges would be banned and a 30% THC limit would be imposed on marijuana flower while marijuana oil may only contain at most 60% THC.

A fiscal analysis that was done on the final bill shows that Vermont will generate roughly $13.3 million – $24.2 million in annual marijuana tax revenue by the Fiscal Year 2025. The Joint Fiscal Office estimates that licensing fees may generate an additional $650,000 in revenue each year. Municipalities that have cannabis businesses will also be allowed to impose additional local fees.

Industry watchers say sector players like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) will be hoping that the governor puts the wishes of the people into consideration while deciding whether to enact or reject the marijuana policy reform bills before him.

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CannabisNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Featured in Exclusive Broadcast

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, today announced that it was featured in a broadcast titled, “New Opportunities Abound for Specialty Beverage, Water Companies.” The piece highlights significant M&A potential for smaller specialty brands and reads, “Companies such as The Alkaline Water Company, one of the fastest-growing enhanced water companies in the industry, could be an attractive option. . . . Alkaline88 remains one of the top-selling brands in the value-added water category. According to recent trade data, Alkaline88 reported double-digit growth despite the value added water category contracting 8.2% for the four-week period ending April 18, 2020.”

To hear the AudioPressRelease and view the full editorial, visit https://cnw.fm/8uFWn and https://cnw.fm/6t47q

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About The Alkaline Water Company

Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art proprietary electrolysis process, Alkaline88 delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label: Clean Beverage. Quickly being recognized as a growing lifestyle brand, Alkaline88 launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused flavored water is available in seven unique all-natural flavors with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules and gummies. To learn more about the company, visit www.A88CBD.com and www.TheAlkalineWaterCo.com.

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CBDNewsBreaks – The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Expanding A88CBD(TM) Line with Highly Anticipated Ingestible and Topical Products

The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), a producer of premium bottled alkaline and flavored-infused drinking waters and CBD-infused products, on Thursday announced that it will introduce new A88CBD(TM) infused ingestible and topical products for its lifestyle brand at A88CBD.com and select retail outlets. According to the update, the new products will be available in October 2020. “We are excited to announce our much-awaited A88CBD line of gummies available in four exciting flavors. Also, we strengthened our water portfolio with a new Lemon-Lime CBD flavored water and our A88CBD topicals portfolio with a deep-relief cream and bath bombs,” said WTER president and CEO Ricky Wright in the press release. “As a trusted lifestyle brand, our new products are all-natural and zero-calorie and include the same high-quality and lab-tested CBD. Guided by data-driven insights and carefully curated formulations, we believe these new items for our A88CBD line are some of the best in the industry. The all-natural element of our ingestible and topical line fits well with our target demographic of consumers seeking healthier alternatives. We are well-positioned with our channel partners, which serve this demographic, and our sales pipeline continues to build across traditional brick-and-mortar retailers, MSOs, dispensaries, and online wholesalers. We already have commitments from over 100 recently announced retail stores to carry our exciting new products, which will also be available online on our e-commerce site, A88CBD.com, and online-only stores. We anticipate our A88CBD line to be a solid contributor to our top-line during the second half of our current fiscal year and beyond.”

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

About The Alkaline Water Company

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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.

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420 with CNW – Recreational Cannabis Sales Increase Rapidly in Canada

In July, sales of adult-use marijuana in Canada were recorded at CA$231 million, which is a 15.2% growth. The retail sales, which equate to $175.6 million, beat the previous months’ sales record of CA$201 million ($151 million). This shows that the annual Canadian cannabis market may be worth about CA$2.8 billion ($2.1bn).

Statistics Canada reported last Friday that the monthly sales of regulated recreation marijuana had increased in all Canadian provinces. Ontario, which is the largest province with regard to population, recorded a 23.5% increase in monthly sales, which translates to CA$60.3 million ($45.3million). This increase comes after Ontario’s marijuana store license count exceeded 100 in the month of June.

CEO and co-founder of Sessions Cannabis, Steven Fry, has launched five retail outlets in Ontario thus far and is planning to open an additional 27 come April 2021. This will help address Ontario’s deficiency in marijuana retail stores. Earlier in July, two new Sessions outlets launched in Ontario. Fry stated that both stores experienced significant weekly sales increments.

He added that the growth trend would continue, as physical stores had proved to be far more popular in comparison with online sales stores in Ontario.

Fry stated that people preferred visiting the physical store locations and engaging with the staff, as they learnt more about the products and had any questions they had answered.

Alberta recorded sales of CA$51.8 million ($38.3million) in July, which translated to a 10.9% monthly growth. The province, which has many more marijuana outlets per capita as compared to any other province, beat out the more populated provinces like British Columbia and Quebec.

Quebec has relatively fewer stores in comparison to the other provinces but recreational marijuana sales in the province increase by 9.8%, which is roughly CA$11.9 million ($8.9million), on a monthly basis.

Additionally, the province of British Columbia recorded recreation marijuana sales of CA$34.6 million ($26million), which is a 17.6% increase.

In Manitoba, retail sales grew 10.8% to CA$9.1 million ($6.8million), while the Saskatchewan province recorded the smallest retail sales increase of 6.8%, an equivalent of CA$11.9 million ($8.9million).

July marijuana retails sales were as follows in eastern Canada:

In New Brunswick sales were CA$6.4 million, which is a +20.9% growth.
In Nova Scotia recorded sales worth CA$6.9 million; a 12.2% increase.
In the Prince Edward Island sales were worth CA$1.5 million; a remarkable 35.3% increment.
Lastly, in Newfoundland sales were recorded at CA$4.1 million, which equates to a 25.3% growth.

The figures above represent July sales and with the upward trend that is observed, retail sales are bound to grow as Canada’s marijuana market flourishes. These numbers are likely to serve as a massive encouragement to entities like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) as they look forward to the time when the U.S. federal government legalizes pot sales.

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420 with CNW – Illinois Breaks Yet Another Monthly Cannabis Sales Record

According to a Department of Financial and Professional Regulation report from the state of Illinois, cannabis sales in the state this past month of August have yet again broken another monthly record.

The report which was released on Tuesday showed how marijuana sales in the state had been increasing each month, despite the ongoing coronavirus pandemic. Last month, consumers bought more than 1.3 million cannabis products whose value was calculated to be about $64 million. Out-of-state sales (to visitors) were recorded to be roughly $17 million. The previous sales record was $61 million, which was recorded in July.

The data collected seems to support the idea that the state’s cannabis market is not only pandemic-proof but also recession-proof.

Officials from the state have stated that despite the upward trend in cannabis sales, their primary focus at the moment lies in using the tax revenue generated to reinvest in neighborhoods and communities that have been the most affected by the drug war.

The state had announced in August that since marijuana retail sales began in January, it had recorded $52 million in tax revenue within the first six months of the year. 25% of this revenue will be directed to a social equity program.

A senior cannabis advisor to Gov. Jay Robert Pritzker, Toi Hutchinson, stated that the main aim of the state was not to make money but to help people, supporting the communities that had been most affected by the drug war.

Earlier in May, the state had reported that it was availing $31.5 million in marijuana tax revenue for restorative justice grants.

All things considered, making sure the market is equitable has not been a smooth ride. Dozens of individuals who had applied for social equity licenses recently sued regulators. They were denied the opportunity to take part in a licensing lottery as they reportedly had issues with their applications. Despite the state saying that they would approve 75 applicants, only 21 individuals qualified. Some critics protest that the resources one requires in order to turn in an acceptable application only bars those who actually need these special licenses from accessing them.

On the other hand, data of out-of-state sales supports the Governor’s prediction that marijuana tourism would reinforce the state’s reserves. Before its implementation, the State had pardoned about 11,000 individuals who had marijuana convictions.

In the State of Oregon, officials have also noticed a similar upward trend in the rise of sales amid the coronavirus pandemic. Data that was released earlier this year show that adult-use marijuana product sales had risen by 60%.

This record-breaking sales report only goes to show that the cannabis industry, including The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER), was always right in asserting that the economic benefits of a legalized marijuana industry would be far-reaching.

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420 with CNW – Vermont Assembly Approves Expanding Marijuana Expungement, Decriminalization Provisions

Last Friday, the Vermont House gave an early approval to a proposal that would issue automatic expungements of cannabis convictions, thus allowing people to possess and also grow more marijuana without the risk of getting jailed for a longer time than is allowed.

In the bill, people who have been convicted for cannabis possession for amounts up to 2 ounces, 4 fully grown marijuana plants and 8 immature plants before January 2021 will have their records cleared automatically, and the individuals who are granted expungements will be notified through the mail.

Despite the state legalizing possession of up to an ounce of marijuana and the growing of 2 plants in 2018, possessing a second ounce of marijuana or 3 plants is still considered a felony. If the new bill is passed, this would change.

The legislation also states that from 2021, individuals who have basic marijuana possession convictions will be allowed to deny that record in license, civil rights or employment. This is regardless of whether they have obtained a notice of their expungement being processed or not.

This provision was included by the House Judiciary Committee, which acquired jurisdiction over this legislation after Senate approved the bill earlier in May this year.

Individuals who are caught in possession of the decriminalized amounts mentioned above may face a fine of up to $100 for a first misdemeanor, $200 for a second misdemeanor and $500 for any subsequent offenses.

Matt Simon, who is the political director of the Marijuana Policy Project, New England stated in a recent interview that Vermont had a chance to move forward in terms of cannabis policy and establish an equitable market if S.54 and S.234 were made into laws.

Furthermore, the Senate and the House both approved bills to create a tax-regulated model for cannabis sales. Up until now however, the bills have not been enacted and activists as well as legislators in the state are still calling for the legalization of cannabis sales.

In a draft platform for 2020, Democratic Party insiders from Vermont included plans to legalize cannabis sales and decriminalize drug possession. The document is still subject to change though, based on the comments from delegates and county committees at the party’s meeting Saturday.

Vermont is not the only state pushing for expungement of records. In Virginia, both chambers of the state legislature approved proposals last week that would help individuals expunge prior cannabis convictions from their records.

It is believed that the entire cannabis industry, including The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER), is pleased that Vermont is pressing ahead with marijuana policy reform.

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420 with CNW – Marijuana Back in the Spotlight; Twitter to Blame for Bad Press

Twitter has partnered up with the Substance Abuse and Mental Health Services Administration to advocate for substance misuse treatment. When a Twitter user searches for “marijuana” or any other substance-related keyword, health warnings will appear. However, it turns out this only applies to marijuana.

In partnership with the same federal drug agency, Twitter began to add a notification above tweets on certain drug terms earlier this week. In addition to this, the notification also directs Twitter users to SAMHSA’s website and help line.

Advocates for drug policy reform have drawn attention to the fact that the message sustains the stereotype about drug use, which suggests that an interest in any of the ‘substances’ shows an indication that the users may have a problem with seeking treatment. Other than that, there are various reasons why people might have an online interest in marijuana, which may include wanting to follow news on policy debates that discuss its legalization. Additionally, a majority of people who consume marijuana are not dependent or addicted to it and many may not appreciate the suggestion that they may require professional help.

This is not to mean that advocating for substance misuse treatment is necessarily problematic. The problem lies in the fact that Twitter chose to attach these notices to marijuana and other drugs that are currently illegal while alcohol brands are still allowed promotions on their platform. For instance, when you search vodka in the search bar, alcohol companies pop up.

Similarly, when you search alcohol, wine or beer, no warnings are displayed alongside, which is a little worrying. This is because according to the World Health Organization, we lose more than 3,000,000 people due to the harmful use of alcohol, each year. On the other hand, the Drug Enforcement Agency has admitted that no reports of deaths have been made concerning marijuana overdoses.

What’s more interesting about this is the fact that only searches for “cocaine,” “marijuana” and “heroin” were flagged whilst searches for “LSD,” “cannabis,” “MDMA,” “pills,” “psilocybin,” “adderall” as well as other drug terms are not accompanied with invitations to seek help. This sheds the light on the arbitrary nature of this new feature on Twitter.

Its unexpected timing also coincides with Democratic presidential nominee Joe Biden calling for the promotion of compulsory drug rehabilitation treatment of persons who are charged with possession. Many advocates of drug reform feel this reinforces the misconception about substance abuse.

Furthermore, the effectiveness of mandatory rehabilitation programs is scientifically questionable. It would be interesting to hear what companies like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) have to say about this seeming improper portrayal of marijuana users and the substance itself.

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420 with CNW – Affordable Deals Drive Ohio Residents to Michigan to Purchase Medical Marijuana

Michigan has a new consumer market: Ohio’s medical cannabis patients and no, it’s not because their marijuana is better or of a higher quality. Only because it’s cheaper. Marijuana card holders from Ohio have revealed numerous times that they only travel to the cannabis clinics up north in Michigan to save money.

One medical marijuana patient recently stated in an interview that most Ohio clinics charged double the price that dispensaries in Michigan did. Another cannabis card holder, George McClure, admitted to going to Michigan dispensaries as they were far cheaper, even after factoring in the amount he’d spend to pay for gas to and from Michigan. He added that he signed himself up for text notifications that would inform him when Michigan cannabis clinics had sales, which would allow him to save almost 90% of what he’d pay in Ohio.

Most officials in Ohio’s medical cannabis industry hypothesize that once the cannabis industry in the state matures, the prices will decrease, making the herb more affordable to its consumers. State bodies who are tracking consumer costs support this notion.

It is estimated that approximately 9% of Michigan’s legal marijuana is sold to non-residents of the state, particularly individuals from Ohio and Indiana.

Michigan did have a head start though, seeing as they legalized medical cannabis over a decade ago and legalized recreational marijuana in 2018 for residents who are 21 years of age and above. Sales for recreational marijuana began in the state in late December of 2019.

This also makes Michigan a mature market in comparison to Ohio’s new market. However, buying medical marijuana in another state has its disadvantages. For instance, carrying cannabis across state lines, even legal cannabis, is illegal. Residents of Ohio can therefore, travel to Michigan and purchase the drug at any Michigan cannabis clinic of their choice but need to consume it before travelling back to Ohio.

Both states are however looking into an agreement that would allow cannabis cardholders who live in Ohio to purchase marijuana in Michigan and carry it back to Ohio. Nothing has been finalized though. Ohio issued a letter to medical cannabis cardholders that would allow them to bring cannabis products from Michigan for a period of 60 days after Ohio started a patient registry in 2018.

However, this appears not to apply to all Ohio residents who consume medical marijuana. Some residents of Ohio claim that prices in Ohio’s cannabis dispensaries are actually affordable. That is yet to be proven though.

It is such interstate activity that prompts analysts to think that sector players like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) would be happier is the federal government legalized marijuana so that patients are free to buy and transport cannabis products anywhere around the country.

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420 with CNW – Research Finds Cannabis Use Has Grown Among Baby Boomers

A recent study that was published in the Annals of Internal Medicine last Monday, shows that the use of cannabis among people aged between 56 and 74, is on the rise in America, with men in the lead. The baby boomer generation which makes up people aged between 56 and 74, refers to people who were born between the year 1946 and 1964. They make up about 20% of the world’s population, mostly in developed nations.

The study’s co-author, Bill Jesdale, suggests that the attitudes toward marijuana in the country seem to be changing. Bill Jesdale, who also works at the University of Massachusetts Medical School as an assistant professor of Population and Quantitative Health, also stated that the findings showed an increase in the use of cannabis in older people. This applies to states where cannabis has not been legalized for recreational use as well as in states where it’s been legalized.

The data used in the study was collected for a 3-year period (2016-2018) and focused on the use of marijuana in 171,507 grown-ups aged 55 and above, from 2 territories and 19 states.

Men aged 60 to 64 recorded the highest cannabis use rates, with 12.6% admitting to having used cannabis in the last 30 days in the year 2018, which is an increase from the 2016 rate, which was 3.7%. Over the same period of time, cannabis use is said to have almost doubled, to 8.2% in 2018 from 4.3% in 2016, in men aged 65 to 69 and in men aged 70 to 74, a rise to 6% from 3.2%. In women, a lesser change was recorded.

Despite the study itself not offering any explanations that would demonstrate why exactly more and more boomers are using marijuana, Jesdale as well as his colleagues suggest possible explanations, such as,

Lowered inhibitions against use
Increased availability of marijuana
Lower stigma linked to cannabis use
Numerous medical benefits coming to light

The researchers also added that other studies discovered that older people have been using marijuana to help with anxiety, pain as well as sleep problems.

In spite of this though, experts warn that marijuana use in people who are older might grow the risk of drug interactions, especially if combined with some types of medication. Researchers suggest that how marijuana affects older grown-ups may not be similar to what younger individuals experience when they use marijuana.

For instance, a review that was published earlier this year revealed that a combination of various heart medications and cannabis put consumers at risk. Dizziness, confusion, falls as well as other accidents have also been recorded.

Industry watchers say that the fact that older people are waking up to the benefits of marijuana isn’t surprising the sector players like The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) who have always known about those nearly limitless benefits.

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