CannabisNewsBreaks – MjMicro Conference to Kick Off With Key Sessions to Stir Industry Buzz

MjMicro Conference (www.MjMicro.com) will kick off at the Westin Grand Central in New York City on June 25, 2019, with key sessions to stir cannabis industry excitement. The initial lineup for the event will feature keynote presentations by Canopy Growth Corp., Sadis Goldberg, Acreage Holdings Inc. and Virdian Capital Advisors. “MjMicro will kick off with very intentional and specific sessions prior to the core corporate presentations from 21 exciting publicly traded opportunities,” George Jage, president and COO of MjLink.com and producer of MjMicro, stated in a news release. “When designing a well-run conference, it is key to include content that creates excitement, provides clarity and validates the growth potential of the cannabis industry.”

To view the full press release, visit http://cnw.fm/xmFF1

About MjLink.com Inc.

Social Life Network, a cloud-based social media and social network technology company based in Denver, Colorado, announced on Sept. 25, 2018, the Company had spun its cannabis technology division out of the parent company and incorporated MjLink.com Inc., a Delaware Corporation, as its wholly owned subsidiary. MjLink operates as a multinational cannabis technology and media organization with two separate social networks: WeedLife.com, a consumer-to-consumer network and MjLink.com, a business-to-business social network. On April 4, 2019, the president of MjLink, George Jage, announced the launch of a new division of the company that is focused on providing the industry with best-in-class financial, B2B and B2C cannabis centric events that complement these global social networks. For more information, visit the event’s website at www.MjMicro.com

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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Products for Pets Gain Prominence in Hemp Market

CannabisNewsWire Editorial Coverage: As the hemp and CBD markets grow, a wide variety of CBD- and hemp-based products are becoming available, including products for pets.

Geyser Brands Inc. (TSX.V: GYSR) (GYSR Profile) has recently announced an acquisition that provides the company with two brands of hemp and CBD products. Indiva Ltd. (TSX.V: NDVA) (OTCQX: NDVAF), which provides infused products for humans, is working on a new extraction facility to increase its production. Viridium Pacific Group (TSX.V: VIR) (OTCQB: VIRFF) is supporting the growth of the hemp and cannabis industries through investment, both in acquisitions and in partnership with smaller companies. Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) (WLDFF Profile) has raised the public profile of CBD through celebrity associations and entry into prestige shops. Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) is producing CBD products for both…

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.

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420 with CNW – French Medical Marijuana Experiment Starting Soon After Enabling Law is Passed

On May 28 this year, the French Senate passed a bill paving the way for marijuana to start being used therapeutically in the country. The health ministry is yet to give its approval to this law, but once it does, an experiment lasting two years will be launched to analyze the effects of marijuana on pain relief.

Patient groups put the estimate of people who would be eligible to access marijuana for pain at about 300,000-1,000,000 people. A committee is evaluating the measures which have been designed to implement the medical cannabis experiment. This committee will release their findings on June 26.

The experiment is likely to get underway in a few weeks, but the biggest challenge which will be faced is how to set up a supply chain for the industry. Initially, medical cannabis will be imported from countries where it is legal and produced to internationally acceptable standards.

As medical cannabis is imported, locally licensed producers will be busy at work setting up cultivation facilities in greenhouses or highly controlled fields. The sunlight, humidity and temperature will all be closely monitored and controlled in this unconventional agricultural undertaking.

The growers selected will be required to meet the EU rules on how to grow medical cannabis whose quality is consistent.

Medical marijuana will not be a bonanza for all who wish to use it. Physicians will only prescribe it if a patient hasn’t benefited from all the available pain treatments in the country. Of special interest will be people suffering from cancer, multiple sclerosis, some forms of epilepsy and patients undergoing palliative care.

When addressing the French Senate at the beginning of the debate on the medical marijuana bill, Senator Esther Benbassa revealed that the list of conditions for which medical marijuana could be prescribed is likely to be expanded in future to include more ailments.

Some senators, especially those from the Republican Party, fear that the medical marijuana program is being used as a Trojan horse in a bid to legalize recreational marijuana. Advocates disagree and assert that medical marijuana cannot be abused for recreational purposes since the two uses require different forms of cannabis. For example, the advocates say that therapeutic-grade marijuana is low in THC, so recreational users cannot get the psychoactive effects which they require to address their needs.

Marijuana advocates welcomed the new bill and hope that the way will be opened for exploring other purposes for which marijuana can be used. These include wellness products like supplements, oils and cannabis-infused vitamins.

Marijuana Company of America Inc. (OTCQB: MCOA) and Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) welcome France into the fold of countries which are benefiting from the medicinal effects of marijuana.

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 – Medical Marijuana Patient Numbers Outpacing Canadian Doctor and Cannabis Supply

The skyrocketing number of patients on the Canadian medical cannabis program is outstripping the capacity of the health system and the product supply to handle that surge in patient numbers, according to doctors who participate in the program.

One year ago, 250,000 patients were enrolled on the medical cannabis program. By the end of December 2018, the number had ballooned to 350,000. Current estimates put the number of patients in the program at more than 400,000. This surge is partially attributed to the legalization of recreational marijuana because this removed the stigma associated with cannabis.

However, this change in cannabis law has created challenges for physicians who prescribe medical marijuana, according to Dr. Sana-Ara Ahmed (a chronic pain specialist). According to Dr. Ahmed, many people no longer view marijuana as a medicine ever since it became available for recreational use.

During a cannabis summit in Calgary last week, Dr. Ahmed revealed that the number of patients registered to use medical marijuana is expected to hit a million by 2025. While patients have been enthusiastic about the program, the same cannot be said about physicians with just 5 percent of them prescribing medical marijuana.

Ahmed added that he is bothered by that discrepancy between the patient number and the number of physicians available to attend to those patients. He would wish to see more physicians understanding the cannabinoid system in the human body and how that system interacts with marijuana.

This discussion has been stifled by the decades of prohibition, and the hangover of that era still lingers. To compound matters, the ongoing shortage of marijuana on the legal market has also affected the medical side and doctors have to deal with the frustration of knowing that the best products, such as dried marijuana flower and CBD oil, aren’t available and yet that’s what would give patients the best results.

Dr. Ahmed also says the supply shortage isn’t all the doctors have to deal with. Many times, they are compelled to prescribe less medical marijuana than a patient requires simply because the cost of the right amount of cannabis is prohibitive for many of those patients. He cites the example of the patients who aren’t working and rely on disability support.

The black market appears to have stepped up to address some of those gaps. One operator of an illegal cannabis operation revealed that he has been serving patients in Calgary who cannot get what they need from the licensed dispensaries. He even works out arrangements to help those who cannot afford to pay for the medical marijuana that they need.

Hemptown USA and Green Hygienics Holdings Inc. (OTCQB: GRYN) hope that the Canadian government does more to address the bottlenecks preventing the medical cannabis program from serving patients fully.

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 – Alabama Legislature Passes Medical Cannabis Commission Bill

On Friday (May 31), the legislature in Alabama passed a bill which opens the way for legalizing medical marijuana in the state. The Assembly voted 80-19 for the bill while the Senate approved the amendments made by the House by a 27-2 vote. All that is left is for Gov. Ivey to sign the bill into law.

While this bill can be lauded as a step in the right direction, it also comes as a setback for marijuana advocates because the original bill sponsored by Sen. Melson (R-Florence) sought to legalize medical cannabis by 2021 but the version passed by the Assembly and sent back to Senate opted for the creation of a Medical Marijuana Study Commission which will be charged with conducting meetings and compiling recommendations about the best way to kickstart the medical marijuana program.

The proposed commission will include a minimum of three attorneys, four physicians, business representatives and mental health counselors. This commission will hold at least three public hearings and have their report ready by Dec. 1.

For some unknown reason, the findings or recommendations of the commission will not be binding on the legislature regardless of the fact that early in May, the Senate had voted in favor of implementing a medical marijuana program. The framers of the bill probably felt that the legislature needs to have the ability to formulate an implementation law, if that step is ever reached, without having its hands tied by the binding recommendations of the medical marijuana commission.

When House members posed endless questions about the mechanisms through which the medical marijuana law will be enforced and how dosages would be controlled, the sponsors of the legislation decided to switch to the creation of a commission so that all those issues would be explored comprehensively before the matter comes before the Assembly again.

Other questions raised had to do with why Carley’s law was included in this bill instead of separating it. Under Carley’s law passed in 2914, the University of Alabama was authorized and funded to conduct research on the effects of CBD oil. Legislators wanted to know whether the commission would receive input from Alabama University, and they wondered why no report has yet been provided to the House regarding how the funds appropriated for the research have been used and the findings so far made. Carley’s law was renewed for another year despite these protests.

Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) and Geyser Brands Inc. (TSX.V: GYSR) welcome the cautious approach to medical marijuana legalization taken by the Alabama legislature. Hopefully, this approach will enable the state to sidestep any avoidable mistakes during the eventual implementation of the program.

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 – Illinois Just a Step Away from Legalizing Marijuana After Assembly Passes Senate Bill

The Illinois Senate passed a bill legalizing recreational marijuana and left the Assembly with just two days to approve the changes made to HB 1438 before the current legislative session ends. The House did just that on Friday (May 31), and what is left is for the governor to sign that bill into law so that the state becomes the 11th across the country to fully legalize marijuana.

Gov. Pritzker campaigned on a platform of marijuana legalization, so he is widely expected to sign off on the bill when it gets to his desk.

If the bill becomes law, adults in Illinois aged 21 or older will be allowed to possess up to 30 grams of cannabis and the patients who are registered on the state’s medical cannabis program will now have the liberty to grow a limited number of plants for their own use. Recreational users will not be allowed to grow marijuana.

Nonresidents of Illinois will also be allowed to possess a maximum of 15 grams of marijuana without any risk that they will be prosecuted.

Rep. Kelly Cassidy, who sponsored the bill, was visibly elated and cheered as the votes came in during a session to pass the bill. The final count was 66-47, and supporters erupted into loud celebration once it was announced that the bill had passed, just in time before the end of the legislative session.

Cassidy remarked that Illinois had taken a big step towards setting the gold standard for a regulated marijuana industry which is based on equity and repair (of the harms done during the war on drugs).

This bill couldn’t have passed at a better time because the state is currently cash-strapped. The tax revenue from the regulated industry is expected to go a long way towards improving the fiscal position of the state. Currently, the pension programs of the state are short by approximately $134 billion, and the state has unpaid bills totaling $7 billion as a result of the persistent budgetary shortfalls.

During his campaign, Pritzker is on record saying that a regulated marijuana industry has the potential of adding $1 billion in tax revenue to the state each year, and the law enforcement agencies would be free to focus on other serious crimes instead of spreading themselves thin going after people who use marijuana.

However, not everyone is as positive as the governor regarding marijuana legalization. For example, Rep. Anthony DeLucas (D-Chicago Heights) regrets the passing of the bill saying that it is taking the state in the wrong direction. Earth Science Tech Inc. (OTCQB: ETST) and Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) are certain that time will disprove the fears of Anthony DeLucas and all those who think like him regarding a legalized marijuana industry.

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 – Top 4 Documentaries That Will Teach You About Marijuana

One of the best ways to learn about any subject of interest is by seeking out materials, such as documentaries, sitcoms, movies and other shows. This article summarizes some of the most acclaimed documentaries which will help you to delve into the different aspects (on both sides of the divide) of the cannabis industry.

Documentary #1: Weed the People (2018)

You are likely to watch this documentary with rapt attention for the entire 97 minutes that it runs. The documentary will evoke your emotions and overwhelm you as you follow the story of a group of parents and their kids suffering from cancer. You will feel the frustration of these parents as the pace at which cannabis laws change is too slow at this time when lives are at stake. You will experience the hope and relief as the parents resolve to break the law and try cannabis treatments for their kids, and you will experience the elation that the parents feel when cannabis treatments produce visible changes in the very sick kids.

Documentary #2: 420: The Documentary (2013)

In brief, 420: The Documentary primarily tells the story of how negative propaganda was used to malign marijuana, thereby resulting in the criminalization of a plant which would have benefited lots of people.

In this documentary, you will see footage from a lot of 420 civil disobedience events from around the world, and you will follow the stories of young people who had to endure prison (and even gunshots) because of their desire to consume marijuana.

There are testimonies of law enforcement officers who now regret taking part in enforcing the misguided anti-marijuana laws. Watch this documentary and learn how propaganda warped people’s views about cannabis.

Documentary #3: American Drug War 2: Cannabis Destiny (2013)

This documentary clearly brings out the fact that the biggest victims of the war on drugs are kids. The documentary follows a 2-year old kid during his battle with brain cancer. This little child is subjected to everything that conventional medicine has to offer from surgery to chemo and radiation. Nothing helps, and the parents are told to expect the worst.

Out of desperation, the parents take matters into their own hands and start researching alternative treatments for cancer. As luck would have it, they learn about an ancient treatment made from marijuana and they start injecting this concoction into the feeding tube of their son without letting the doctors in on their secret. The doctors are amazed by the “miraculous” transformation in the condition of the boy. This documentary will open your eyes to the therapeutic benefits of cannabis.

Documentary #4: Lynching Charlie Lynch (2011)

If you can now walk into a medical cannabis dispensary and buy anything you need for you symptoms, look up at the heavens and thank people like Charlie Lynch for taking the heat and pioneering medical cannabis treatments in our modern world.

The documentary shows what happened from 2006 when Charlie Lynch opened his medical cannabis dispensary in California. He followed all legal requirements of the state and was even admitted to the chamber of commerce.

However, the DEA didn’t give a hoot about all the steps he went through to abide by the existing state laws, and they raided his dispensary on numerous occasions. Eventually, he was arrested on several charges including selling marijuana to minors. In the blink of an eye, this highly respected member of the medical community acquired the label of a drug dealer. Watch this documentary and learn the hell that the early believers in medical cannabis went through.

The four documentaries above are presented in no particular order of precedence, and each will add something to your understanding of this often-polarizing subject of marijuana. Do you think any pivotal documentary was omitted? ChineseInvestors.com Inc. (OTCQB: CIIX) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) hope that such documentaries will tell the true story of marijuana and people can form their own opinions instead of relying on the untruths which are often spread far and wide about cannabis.

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 – Canopy Growth Funds Digital Tools to Combat Underage Cannabis Use

Canopy Growth, one of the largest marijuana companies in Canada, has teamed up with two drugs awareness organizations to develop digital tools which will help to curb drug abuse among young people.

The two entities with which Canopy Growth has partnered are Canadian Students for Sensible Drug Policy and the second is Parent Action on Drugs. The collaboration has resulted in the creation of a text messaging service and an educational chatbot which will help parents, educators and youth to speak candidly about marijuana use.

Hilary Black, the Chief Advocacy Officer of Canopy Growth, revealed that the partnership was cemented two years ago at a time when recreational marijuana was not yet legal in Canada. The partnership was born out of the realization that once recreational cannabis was legalized, concerns and questions about the likelihood of minors abusing the drug would arise.

Black added that Canopy Growth has a responsibility to make sure that kids aren’t consuming cannabis and exposing themselves to the potential risks associated with underage consumption of the substance.

Canopy Growth therefore gave one grant to Dr. Jenna Valleriani. Valleriani serves as the strategic adviser for Canadian Students for Sensible Drug Policy. That grant was used to design the educational materials contained in the Sensible Education Toolkit. The toolkit has evidence-based marijuana education guidelines designed for young people.

Parent Action on Drugs received the other grant and they used the funds to develop a chatbot and message system to convey the educational information in the toolkit to the youth.

The chatbot can be accessed on the website of Parent Actin on Drugs. It provides an interactive experience through which parents and their kids can start a frank discussion about marijuana use.

Three types of activities are available once you start the chatbot. First, you can play a game of charades and if you identify the term provided correctly, the bot gives you a number of useful tips about marijuana use.

You can also opt for the Q&A activity on the chatbot. Here, you ask questions about cannabis use and the chatbot provides the answers. The third option is titled “Scenarios” in which different real-life situations of exposure to cannabis are raised and a discussion about what one would do in those situations begins.

One has to visit the Parent Action on Drugs website in order to sign up for the SMS service. The automated texts are sent to your phone once each day for a total of 54 days. The content of the messages varies from cannabis laws, effects of cannabis on the body, to suggestions of how one can reduce or quit cannabis use if they have already taken up the habit.

The “What’s with Weed?” campaign was launched on Tuesday (May 28) and it is expected to be a major hit due to its highly interactive design. Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and Cannabis Strategic Ventures Inc. (OTCQB: NUGS) salute Canopy Growth for making a contribution towards equipping youth with the information they need to make informed decisions about cannabis use.

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 – Arizona Medical Cannabis Dispensaries Celebrate Supreme Court Decision on Concentrates as Sales Soar

In a 7-0 emphatic decision, the Supreme Court of Arizona has quashed a ruling by the Court of Appeal to the effect that marijuana concentrates, such as hashish, were not included in the law which legalized medical marijuana in the state.

This case arose after Yavapai County convicted a patient with a valid medical marijuana card issued by the state for possessing hashish. In their ruling delivered on Tuesday (May 28), the justices affirmed that the law legalized all forms of the cannabis plant, including the concentrates made from any segments of the plant that manufacturers deemed fit for processing.

For over a year, the decision of the Court of Appeal had stood and restricted the potentially explosive growth of the cannabis concentrates industry since the court ruling had excluded concentrates from the products envisaged by the 2010 law.

The cannabis extracts sold in medical marijuana dispensaries across the state include soda, candy, vape pens, food and many other products. Records show that the sale of cannabis concentrates is growing at a faster pace when compared to marijuana flower. For example, in the year ending April 2019, sales of cannabis flower grew by 33 percent while sales of concentrates surged by 71 percent in the same period. The 71 percent growth doesn’t include cannabis edibles.

It would therefore have been damaging (and strange) if the highest court has upheld the decision of the lower court. Many jurisdictions where medical marijuana is legal only allow extracts, such as cannabis oil, tinctures, creams, gels and ointments. These include Pennsylvania which only accepted smokable cannabis recently.

It is noteworthy that the dispensaries and manufacturers, such as Item 9 Labs, only paused cannabis concentrate sales briefly after the Court of Appeal ruling and then continued business as usual after their legal teams advised them that there was no legal basis for banning the concentrates.

The legal counsel of those companies has now been vindicated after the Supreme Court pronounced itself on the matter.

Patients have welcomed the latest ruling since the decision ensures that they will continue accessing marijuana concentrates. Many of the patients on the medical marijuana program are either unable or unwilling to smoke medical marijuana. Concentrates also provide a precise way to determine the dosage consumed, an attribute which is vital if the desired therapeutic effects are to be attained.

Lindsey Bartels, a patient who lives in Tempe and has battled chronic pain for years, admitted as much when she said cannabis oil allows her to live a normal life. Youngevity International Inc. (NASDAQ: YGYI), Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and the entire cannabis industry welcomes the court decision in Arizona which has given patients like Lindsey Bartels hope that they will continue having access to cannabis concentrates which have proved immensely helpful in improving the quality of their lives.

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 – Illinois Senate Passes Recreational Cannabis Legislation Bill

As the legislative session enters its final days, the senate in Illinois has voted to pass a recreational cannabis legalization bill after months of debate and modification. The bill now goes to the Assembly before being presented to Gov. Pritzker by the end of this month.

The bill has a number of provisions which are intended to promote social equity once the marijuana industry becomes fully legal. For example, the bill provides for the automatic expungement of previous convictions for the possession of less than an ounce (30 grams) of marijuana. Individuals who were convicted for possessing between 30-500 grams of marijuana can appeal to court for expungement, or the state’s attorney can petition court on behalf of those individuals.

One notable change which was made to the original bill regards the home cultivation of recreational marijuana. While the original bill provided for the home cultivation of up to five plants, the revised version changed that provision and only allowed patients on the medical marijuana program to grow up to five plants. The law under which medical marijuana became legal didn’t allow home grows.

The bill also decriminalizes low-level marijuana cultivation (five or fewer plants) by non-patients. This means that those found growing few plants will be fined up to $200 instead of serving a custodial sentence upon conviction.

The bill stipulates the taxes which different recreational marijuana products will attract. Cannabis flower whose THC content is less than 35 percent will attract a 10 percent tax while any cannabis products with more than 35 percent THC content will attract a 25 percent tax. Marijuana-infused drinks will face a 20 percent tax. The state will also impose an additional 6.5 percent sales tax, and local authorities will be free to impose an extra 3.5 percent tax on recreational marijuana products.

Under the bill, individuals who have convictions that qualify for expungement and those who live in areas described as disproportionately affected by the war on drugs qualify to be categorized as equity applicants as business license applications are considered. Such equity applicants qualify for extra points during the scoring process and they are also eligible for fee waivers.

Social equity applicants can also obtain a low-interest loan from a special $30 million fund created by this law to help such applicants to meet some of the costs associated with starting a marijuana business.

Sen. Heather Steans, the sponsor of the bill, described the proposed law as one which will set the gold standard for creating a cannabis industry which embraces diversity.

If the bill becomes law as planned, it will take effect on the first day of 2020. Dispensaries would receive licenses by May 1, 2020 while transporters, craft growers and processors would get their licenses by July 1.

Advocates have welcomed this bill saying that while it isn’t perfect, it is better than having prohibition extended for longer. What is now left is for the Assembly to consider and pass the bill so that it gets to the desk of the governor in time. VPR Brands LP (OTC: VPRB) and VIVO Cannabis Inc. (TSX.V: VIVO) (OTCQX: VVCIF) hope that nothing happens to derail the long-awaited legalization of recreational cannabis in Illinois.

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

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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303.498.7722 Office
Editor@CannabisNewsWire.com