CannabisNewsBreaks – Beverage Trade Network Issues Update Ahead of Cannabis Drinks Expo

Beverage Trade Network (“BTN”) this morning issued a news release detailing the upcoming Cannabis Drinks Expo, which is hailed as the first-ever event focusing on the cannabis-infused beverage industry. Per the update, the trade event is scheduled to take place on July 25, 2019, in San Francisco. BTN notes that the Cannabis Drinks Expo will give the worldwide drinks industry, and North America in particular, an opportunity to come together and look at ways to address the legalization of cannabis while examining avenues to protect the future of the larger beverage industry. In addition to a trade show floor, the Cannabis Drinks Expo will feature a one-day business conference hosting renowned speakers from the cannabis drinks industry who are scheduled to discuss a wide range of important topics.

To view the full press release, visit http://cnw.fm/FFx3T

About Beverage Trade Network

Beverage Trade Network is a producer of competitions, conferences, expos and trade shows for the alcohol beverage trade industry around the world. BTN is the alcohol beverage industry’s leading network and is committed to helping importers and distributors find new suppliers from all over the world. BTN hosts events in London, New York, and San Francisco, including the highly acclaimed International Bulk Wine & Spirits Show (London and San Francisco), the London Wine Competition (London) and the USA Trade Tasting show (New York).

About CannabisNewsWire

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

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420 with CNW – New York City Legislators Consider Banning Pre-Employment Cannabis Tests

New York Governor Andrew Cuomo has outlined his plan to legalize recreational marijuana and this has put New York in pole position to become the 11th state where adult-use cannabis is legal. This development has prompted some lawmakers in New York City to draft a bill that seeks to ban employers from conducting marijuana drugs tests before hiring an employee.

Councilman Jumaane D. Williams is the NYC lawmaker who has filed a draft law that will stop marijuana tests from being part of the hiring process in the city.

Councilman Williams feels that the legislators and the city should be creating more avenues through which people can find jobs, but the drugs tests do the opposite by making it harder for jobseekers to get hired.

He adds that pre-employment drugs tests for marijuana should be done away with now that preparations were in advanced stages to legalize recreational cannabis. Why should employers continue to test prospective employees for a substance that will soon legal?

The bill tabled by Williams provides exceptions to this ban on pre-employment drugs tests. People who intend to get jobs where safety and security are paramount, as well as jobs with the federal government or its agencies would not be covered by this ban on pre-employment drugs tests. Additionally, individuals who are required to undergo drugs testing as a condition for securing a grant or contract from the federal government will not use this local law as a reason to skip the required drugs tests.

If passed, the bill will take effect one year from the time of its enactment as part of the city’s laws. This will remove the ambiguity that has been observed in various jurisdictions, such as Massachusetts, where marijuana is legal but an employee can still be fired for testing positive for THC.

It is good that the lawmakers in New York City have been proactive in tabling this bill instead of waiting to take action after recreational cannabis becomes legal across the state. In such a case, there would be a legal grey area since the existing laws permit pre-employment marijuana tests, which would run counter to the freedom granted by the law legalizing recreational pot.

It remains to be seen what form the final bill will take once the Committee on Civil and Human Rights discusses it and presents it to the full council for debate and a vote. Generation Alpha Inc. (OTCQB: GNAL), Global Payout Inc. (OTC: GOHE) and the whole marijuana industry say kudos to Councilman Williams and the other two co-sponsors of this reform that will remove the ambiguity regarding the use of legal cannabis and its effects on one’s prospects of getting hired.

About CannabisNewsWire

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

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420 with CNW – Fewer Teens Used Pot after Medical Marijuana Legalization, Study Finds

It was always feared that teen pot use would go through the roof as more states legalized marijuana either for medical or recreational use. However, a recent study has found that the contrary is happening as fewer teens reported using marijuana in the states where medical cannabis is legal.

The researchers found that the states where medical cannabis is legal had 1.1 percent fewer teens taking pot when compared to the states where no medical cannabis laws exist.

While that overall statistic looks small, the figures take on greater importance when one examines the data for various groups of teens. For example, there was a 2.7 percent reduction among high school males while pot use decreased by 3.9 percent among African-American students. Similarly, there was a drop of 2.7 percent observed among Hispanic students.

The researchers who came up with these findings are based at the Lynch School of Education and Human Development at Boston College. The team was led by Rebekah Levine Coley.

The researchers used data collected by the U.S. CDC during the Youth Risk Behavior Survey conducted every other year.

Coley’s team focused on the data collected between 1999 and 2015. This data involved about 860,000 students in 45 states.

The researchers tracked how teen pot use had been changing during that 16-year timeframe. Results for states that enacted medical marijuana laws were compared to those of states where medical cannabis remained illegal.

Interestingly, the researchers found that the drop in teen pot use increased the longer a state had medical cannabis laws on its books. For example, teens were nine percent less likely to use marijuana if a state had medical marijuana laws that were less than five years old while the odds of a teen using marijuana reduced by 32 percent for states that legalized medical marijuana ten years ago.

Coley explains that some theories could account for this reduction of teen pot use in states where medical marijuana has been legalized.

First, the drop may be because the adolescents start viewing marijuana as something used as a medicine, so they no longer have the urge to use it recreationally.

Secondly, the change in marijuana laws may have prompted parents to start talking to their kids about marijuana use, as well as supervising them to ensure that they aren’t using drugs.

However, some people have criticized the conclusions of this research saying that the researchers didn’t consider the states where recreational marijuana is legal. Coley and her team responded that they were now turning their attention to studying the data from states where adult-use marijuana laws are in place.

Be that as it may, the cannabis industry, especially Earth Science Tech Inc. (OTCQB: ETST) and FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) welcomes this study because it helps to dispel some of the false information circulated about marijuana.

About CannabisNewsWire

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

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More Mergers Expected as Cannabis Sector Heads into New Year of Growth

CannabisNewsWire Editorial Coverage: Several years of impressive growth are expected to continue in the cannabis sector in 2019, and companies are making the most of it through mergers and acquisitions.

  • The cannabis industry has seen growth in acquisitions over the past two years.
  • A large part of this comes from the emergence of the hemp/CBD market.
  • Industry commentators expect these trends to continue.

SinglePoint Inc. (OTCQB: SING) (SING Profile) is tapping into this exciting potential through a strategy of well-financed acquisitions and investment in other cannabis companies. PotNetwork Holdings Inc. (OTC: POTN) has built up a series of subsidiaries and is now reaching out to mainstream markets with its products. KushCo Holdings Inc. (OTCQB: KSHB) has recently established new supply arrangements that will increase its already growing profits. Following the legalization of hemp farming, CV Sciences Inc. (OTCQB: CVSI) has become one of the United States’ first certified hemp producers. And The Green Organic Dutchman (OTCQX: TGODF) (TSX: TGOD) (TGOD Profile) is building improved…

Read More >>

About CannabisNewsWire

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

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DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW is a news dissemination and financial marketing solutions provider and is NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

CNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW undertakes no obligation to update such statements.

420 with CNW – Judge Faults Walmart in Arizona Medical Cannabis Case

A federal judge in Arizona has faulted Walmart for dismissing an employee who tested positive for cannabis even after that employee informed her employer that she had a valid medical marijuana card issued by the state.

It all started when Carol Whitmire sustained an injury while doing her work in one of Walmart’s stores in May 2016. Whitmire, who had worked with the same company for eight years, was immediately rushed to receive medical care after the accident. Blood and urine samples were also taken for analysis as part of Walmart’s policy.

Whitmire informed the HR department about her status as a medical cardholder after that incident and she continued to work after she recovered. However, she was terminated in July for being in contravention of Walmart’s policy on drugs.

Consequently, Whitmire sued Walmart for discrimination and wrongful dismissal. Walmart responded by telling court that it had a right to dismiss Whitmire due to her positive drugs test results.

However, court disagreed and pointed out that Walmart failed to prove that the positive drugs test indicated that Carol Whitmire had been working while intoxicated with marijuana. Had Walmart provided such proof, the court may have considered their assertion that they had good faith in terminating Whitmire.

Whitmire’s attorney, Joshua Carden, applauded the decision of Judge James Teilborg. Carden said that the judge had set a precedent that paved the way for private right-of-action lawsuits under the Arizona medical marijuana laws.

Joshua Carden revealed that the court would soon set a date for delivering its ruling regarding the possibility of reinstating Whitmire, as well as determining how much is due to her for damages and costs for the suits she filed.

Walmart was also glad that the federal court dismissed some of the claims made by Carol Whitmire in her suit. The company reiterated its ceaseless efforts to provide a safe environment for all its customers and associates.

Cases like Carol Whitmire’s are likely to crop up frequently because there is a lot that is still not known about cannabis. For example, for how long can someone remain impaired after consuming cannabis? Part of the reasons why Walmart couldn’t be justified to fire Whitmire is that it wasn’t clear whether a positive drugs test meant that Whitmire was under the influence while at work. Until scientific studies resolve this grey area, employers and employees will not be certain where the boundary is.

All in all, Cannabis Strategic Ventures, Inc. (OTC: NUGS) as well as Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) welcome the judgment that made it clear that patients using medical marijuana legally will not lose their jobs just because they test positive for cannabis.

About CannabisNewsWire

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

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420 with CNW – Demand Soars as UK Customers Fear CBD Drinks Ban

The Food Standards Agency (FSA) in the UK has triggered panic buying after it announced that CBD drinks fall under the “novel” products category as stipulated by the EU. This classification means that such “novel” products can only be available for sale after being tested and approved.

2018 saw an explosion of CBD-based products on the UK market. These included CBD chocolates, sweets, cakes and even pet products. All these products hit the market amidst a rise in the popularity of CBD.

However, January saw the FSA vowing to exert more control over CBD products on the market. It called on local authorities to work with it to remove any CBD products that were being sold without undergoing the required public safety tests.

As a result of that announcement, customers are rushing to bulk buy CBD drinks just in case the regulator makes good on the threat to pull CBD products from retail shelves.

Green Monkey Drinks (the first UK company to make carbonated CBD drinks) revealed that its online sales have jumped by 8,000 percent ever since the FSA made its ruling. They believe that this rise in sales can be attributed to customers who are trying to stockpile CBD products.

Green Monkey Drinks expressed disappointment that the Food Standards Agency hasn’t been in touch with the different companies that have invested heavily in the CBD industry. The drinks maker believes that the regulator hasn’t taken the right decision given the fact that the World Health Organization has just asserted that CBD is safe and should therefore not be subjected to any international controls.

For its part, the FSA insists that its decision is based on the changes that were made to the Novel Food Catalogue of the EU. The EU says players in the CBD industry failed to prove that CBD products have a history of consumption dating back to 1997 or earlier within the EU. This means that CBD is a novel product which should not be allowed on the market without undergoing safety testing and approval.

The FSA therefore wants to find a way forward in light of the decision made by the EU. They intend to meet different stakeholders, such as CBD product manufacturers and local authorities in order to clarify how the different players will execute their role in ensuring that the CBD industry complies with the existing laws.

ChineseInvestors.com (OTCQB: CIIX) as well as Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) hope that the UK regulator finds a solution that addresses the regulatory needs without stifling the nascent CBD industry there.

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 instant SMS alerts, text CANNABIS to 21000

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Savvy Companies Make Acquisition Moves in Booming Cannabis Industry

CannabisNewsWire Editorial Coverage: As the cannabis sector consistently shows impressive growth, acquisitions within the market allow cannabis companies to develop greater vertical integration.

  • Cannabis companies are looking to acquire other organizations to strengthen specialist knowledge and skills.
  • Similar moves have led to impressive success in industries such as coffee production.
  • The strength of the cannabis market is also attracting other additional investment.

Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile) is following the vertically integrated model, having recently acquired a company specializing in cannabis processing machinery. Canopy Growth Corporation (NYSE: CGC) finalized an all-cash transaction to acquire one of the world’s most technologically advanced vaporizer companies. In an all-stock option, Aurora Cannabis Inc. (NYSE: ACB) agreed to purchase a British Columbia-based craft grower, which offers premium organic products produced at low volumes. Late last year, MedMen Enterprises Inc (OTCQX: MMNFF) signed a definitive agreement for the acquisition of one of the largest medical cannabis providers in the United States. And with the cannabis sector as a whole seeing healthy growth, GW Pharmaceuticals Plc (NASDAQ: GWPH) recently completing a public offering to fund further growth, raising $345 million to expand…

Read More >>

About CannabisNewsWire

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

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DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW is a news dissemination and financial marketing solutions provider and is NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

CNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW undertakes no obligation to update such statements.

420 with CNW – EU Parliament Votes to Support Medical Cannabis

On Wednesday (February 13), the European Union Parliament passed a resolution that will help to advance research into medical cannabis within the EU. This resolution comes hot on the heels of a recommendation by the World Health Organization (WHO) to reschedule cannabis internationally.

While the resolution passed in the EU Parliament isn’t binding, it provides encouragement to EU member states to increase their citizens’ access to medical marijuana. The resolution also calls on member countries to prioritize research and clinical studies on marijuana.

This resolution passed by the EU Parliament provides yet another voice in support of medical marijuana. The World Health Organization also recommended that cannabis be rescheduled in recognition of its therapeutic potential while also being aware that the drug can be addictive. A final vote is expected in March to cement the position of the UN on the recommendations made by the WHO expert committee that studied the matter at great length.

The EU resolution also goes further to call on member states to set standards for all non-pharmaceutical cannabis products in a bid to protect consumers.

Member states were also called upon to address all the legal, cultural, regulatory and financial barriers that have stood in the way of scientific research on marijuana and its medicinal uses. To put this appeal into context, consider the U.S. federal government’s laws on marijuana. Those laws make it hard for researchers to conduct any meaningful studies since cannabis is federally illegal and isn’t recognized as having any therapeutic value.

Additionally, only one cultivator (based in Mississippi) is mandated to provide all the cannabis needed for any approved research in the U.S. The cannabis from this facility is notorious for its poor quality (if researchers can manage to secure that marijuana in the first place). Such barriers have made the U.S. to lag behind in cannabis research. The EU resolution seeks to fix such problems amongst EU member states.

The members of the European Parliament also agreed that it was necessary to establish case-specific therapies for the medicinal use of cannabis. For example, does someone with chronic pain require the same concentration of THC and CBD (among other ingredients) as another person who wants to use medical cannabis to treat or manage insomnia? Scientific research should be able to answer such questions, according to the EU Parliament.

VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) and Youngevity International, Inc. (NASDAQ: YGYI) welcome the decisions made by the EU Parliament and the World Health organization regarding the medical benefits of marijuana.

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 instant SMS alerts, text CANNABIS to 21000

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420 with CNW – Green Growth Brands Set to Open CBD Shops across the US

Green Growth Brands, a cannabis company headquartered in Ohio, has partnered with Simon Property Group to open at least 100 CBD shops in malls across the U.S. Simon Property Group is the biggest owner of malls in the U.S.

John Rulli, the President of Simon Malls, revealed in a press statement that the shopping experience provided by Green Growth Brands was exactly what they are constantly on the lookout for, and that was why they were adding GGB shops in the malls owned by Simon Property Group.

The two entities intend to work together to open a minimum of 108 CBD shops in 2019, and then further expansion will take place in the coming years.

Castleton Square Mall in Indianapolis will have the honor of hosting the first Green Growth Brands CBD shop in March this year with other shops following closely in the coming months.

Green Growth Brands is also having discussions with several other property developers so that a total of 300 CBD shops can be opened during this year. This number includes the 108 shops that will be opened in the malls owned by Simon Property Group.

This partnership between Simon Property Group and Green Growth Brands offers each side unique benefits. For example, Green Growth Brands will have a chance to popularize its CBD wellness products by taking advantage of some of the prominent malls owned by the property group. Such prominent shelf-space will deepen awareness about CBD.

As for Simon Property Group, they will benefit by having a large company as a tenant across the U.S. This is a huge benefit because mall owners have been facing the nightmare of having large clients closing shop or scaling back the number of locations where they operate. A clear example is Sears that went bankrupt.

It is worth noting that the signing into law of the Farm Bill 2018 legalized hemp and the different products that can be got from it, such as cannabidiol (CBD).

However, the U.S. Food and Drug Administration (FDA) still prohibits the addition of CBD to foods and drinks. This may make it hard for restaurants and other businesses to legally sell CBD-infused cocktails and other drinks.

The CBD shops set up by Green Growth Brands can be a way to provide high-quality CBD products so that buyers can make their own CBD drinks if they cannot access them at coffee shops or restaurants.

Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) and TransCanna Holdings Inc. (CSE: TCAN) congratulate Green Growth Brands upon this landmark deal it has finalized with Simon Property Group.

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Vertical Integration Offers Profit Potential within Growing Cannabis Industry

CannabisNewsWire Editorial Coverage: As the cannabis industry continues its impressive growth, acquisitions are leading to greater vertical integration.

  • Companies within the cannabis sector are acquiring other organizations to benefit from valuable specialist knowledge and skills.
  • Such deals allow vertically integrated value chains, as have also been applied in industries such as coffee production.
  • This comes amid wider growth in the sector, which is drawing substantial outside investment.

Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile) is following the vertically integrated model, having recently acquired a company specializing in cannabis processing machinery. Tilray Inc. (NASDAQ: TLRY) is expanding its Canadian production facilities through the acquisition of another grower. Budweiser brewer Anheuser-Busch Inbev (NYSE: BUD) (OTC: BUDFF) has partnered with Tilray to produce cannabis-infused drinks. In addition, tobacco companies are investing in the sector, providing extra funds for companies such as Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON). Specialist companies such as cannabis real estate finance company Innovative Industrial Properties Inc. (NYSE: IIPR) are also looking for…

Read More >>

About CannabisNewsWire

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

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