420 with CNW – New Jersey Starts Accepting Applications from Additional Marijuana Businesses

On Monday, the Department of Health in New Jersey announced that interested parties could start submitting their applications to grow and sell marijuana. Both nonprofit and for-profit entities are eligible to apply during this round of licensing.

Those planning to be growers or sellers of medical marijuana have until August 21 to submit their applications. New Jersey plans to license five additional cultivation facilities as well as 15 medical marijuana dispensaries. 4 licenses will also be granted to “verticals.” These are entities which are vertically integrated (they can cultivate, process and sell marijuana).

Entities that apply for the licenses will pay an application fee of $20,000 and those whose applications aren’t successful will get back $18,000 of that application fee.

All the people involved in the companies that apply have been notified that they will be subjected to a criminal background check. These people include directors, owners, board members and employees.

The interested companies are also expected to provide proof that the local authorities in the area where they wish to operate have given them approval to operate a marijuana business in that area.

Another requirement is that the companies must submit their security plans as well as an environment impact statement as they send in their applications.

All the companies that apply are expected to show that they have sufficient experience in the particular aspect of the industry for which they would like to be licensed. For example, aspiring growers must show they have experience cultivating medical marijuana. Quality assurance and quality control are important, so applicants are also required to submit their plans for these aspects of their operations.

While the state hasn’t imposed any minimum level of capitalization that aspiring industry participants should have, the applicants are nonetheless expected to provide proof that they have sufficient funding for the operations they wish to undertake. Funds should be available for the activities shown in their plans.

The state has also organized a pre-application webinar for all those interested on August 2. The Department of Health has revealed that people can submit the questions that they would like the department to address during that webinar. While it may not be practically possible to respond to each of the questions submitted, the state will address the issues that cut across the queries sent in.

This medical marijuana program expansion comes at a time when plans to legalize adult-use pot failed after advocates failed to secure ample support in the state senate and a vote on the matter was called off at the last minute. Analysts expect that the cannabis industry, including entities like Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) and ChineseInvestors.com Inc. (OTCQB: CIIX), will take comfort in the fact that with the expansion of the medical cannabis program, patients will get solutions to many of the issues that they have been facing, such as lack of variety in the products available.

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 – Colorado Governor Unveils Online Tool to Track Cannabis Achievements

Colorado Gov. Jared Polis (D) launched an online tool on Monday that will enable members of the public to keep track of what the state government is doing to attain its goals, which include taking the marijuana industry to greater heights.

The goals have been categorized into six groups. These are marijuana, education and workforce, criminal justice, tax reform and economic development, and energy and renewables.

The online tool, called “the governor’s dashboard,” outlines targets or priorities for each of those six areas. For example, under the cannabis category, the governor undertakes to operationalize the home delivery of marijuana in accordance with the law he signed last month. He also promises to see marijuana companies listed on stock exchanges, as well as working for a 20 percent increase in the number of financial institutions serving cannabis companies. Gov. Polis also wants to establish the state as a national leader in research, production and processing of industrial hemp.

Speaking at the launch of the dashboard, the governor revealed that he is happy to avail that platform since it will ensure accountability and transparency on all matters affecting Coloradans.

The agriculture department will do a lot to facilitate the attainment of the goals on hemp. A three-year development plan for this sector shows that the governor wants to see the indoor production of hemp increase to 10 million square feet from the current 7.67 million square feet. The plan also states that outdoor cultivation should increase to more than 60,000 square feet from the current 21,000 square feet.

To attain these lofty goals, the state plans to submit a plan for the regulation of hemp to the U.S. Department of Agriculture for approval so that large scale production can begin. The state will also support farmer-owned cooperatives in addition to other interventions to encourage industrial hemp value addition.

Polis has always believed that the marijuana industry is yet to reach its full economic potential in Colorado and he has done what he can to promote the industry. For example, he signed bills to allow social consumption sites and regulate home delivery of marijuana products.

Last month, the state government released a report showing that more than a billion dollars had so far been collected by the state as cannabis taxes, fees and other collections. It is therefore expected that the working group formed to steer the state towards attaining all the goals listed on the dashboard will not have any excuses for not doing the work assigned to them.

Industry analysts can only guess how far players like ChineseInvestors.com Inc. (OTCQB: CIIX) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) would be if all the markets they operated in were as proactive as Colorado.

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 – More Pregnant Women Using Marijuana to Treat Morning Sickness

It has been widely reported that marijuana can treat morning sickness, so it isn’t surprising that more women are resorting to cannabis to ease the symptoms of morning sickness during the initial stages of pregnancy. Researchers have found that the number of pregnant women turning to cannabis is higher than it ever was.

The study published in the JAMA journal found that the number of women who use cannabis to deal with morning sickness has more than doubled from just 3.4 percent in 2002 to 7 percent in 2017.

These findings were obtained after analyzing the data collected during the National Survey on Drug Use and Health. The researchers specifically considered the data provided by 4,400 pregnant women as well as 133,900 women who weren’t pregnant.

The study participants had responded to questions regarding their pregnancy status and other questions about their cannabis use habits, if they used cannabis.

This study reveals that women use marijuana for various reasons, both medicinal and recreational. More specifically, the number of women who used marijuana daily or almost daily grew from 0.9 percent to about 3.4 percent.

Notably, the number of women who used marijuana during their first trimester of pregnancy shot up from 1.9 percent to 5.3 percent while those who used the substance during their second trimester rose to 2.5 percent from 0.6 percent in 2002. A similar increase was seen regarding marijuana use during the third trimester (a growth from 0.5 percent to 2.5 percent in 2017).

The researchers noted that while lots of women are turning to cannabis during pregnancy, only a small fraction of those women did so after getting a recommendation from a doctor.

The study also revealed that doctors are uncomfortable recommending marijuana for pregnant women in states where medical marijuana is legal. This reluctance is largely due to the shortage of research on the effects of prenatal marijuana exposure.

In fact, NIDA (the National Institute on Drug Abuse) says the use of marijuana during the first and second trimester of pregnancy has been linked to low birth weight and length, as well as other developmental problems.

The study’s authors emphasized that there is an urgent need to screen all pregnant women for marijuana use and intervene appropriately when risks are detected. The researchers also called for more research to be done to document the effects of marijuana use during pregnancy so that decisions can be made using concrete information on the subject rather than simply asking women to err on the side of caution and abstain.

Analysts think that the cannabis industry, including participants like Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) and ChineseInvestors.com Inc. (OTCQB: CIIX), agrees with the researchers on the matter of research-based recommendations regarding cannabis use by different demographics.

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 – Oregon Legislature Approves Marijuana Criminal Record Expungement

The legislature in Oregon has voted to approve a law which will see the marijuana convictions of tens of thousands of Oregonians expunged so that those individuals can have a better chance at finding jobs, getting an education and having access to housing.

Senate Bill 420 seeks to clear all marijuana convictions which are no longer crimes from the time marijuana was legalized in the state in 2014. This means people who were prosecuted and convicted prior to 2014 can have their slate wiped clean.

This bill was initially approved by a 25-4 vote by the Senate in April. However, the bill was modified when it was taken to the Assembly, so the modifications were brought back for approval by the Senate. The State Senate repassed the bill with a similar 25-4 vote. What is now left is Gov. Kate Brown’s signature so that the bill becomes law.

It isn’t immediately clear how many people are eligible to have their criminal record wiped. This is because in the past, court records didn’t reflect the specific controlled substance that an accused person was charged with.

However, estimates put the number of people who were convicted for marijuana possession at about 20,000-75,000 individuals.

Once this bill becomes law, anyone who was convicted for a marijuana crime that is no longer in the law books can fill out a form asking to have their conviction expunged.

Sen. Lew Frederick (D-Portland) supported the bill and says it was long overdue since marijuana convictions follow someone throughout their life and make it hard for that person to get housing, find a job or get an education.

In a related development, the Oregon House also passed a bill granting the state governor authority to negotiate agreements with other states for the purpose of exporting Oregon’s excess marijuana as soon as the federal government tolerates or legalizes interstate marijuana commerce. This bill was passed on the same day (Tuesday, June 11) that the expungement bill was passed.

Supporters of Senate Bill 582 say that Oregon is being forward looking by passing enabling laws in preparation for federal reform of cannabis policies. Some even said that this bill isn’t an endorsement of the cannabis industry, but rather provides support for the business community since exporting marijuana would create more jobs and bring revenue into Oregon from the states with which it is trading.

It should be remembered that Oregon has a massive surplus of marijuana, and some people say about six years are needed to consume this excess if current demand levels are maintained.

However, opponents of SB 582 say that the bill is of no consequence since it is akin to hiring a financial advisor simply because you expect that you will soon win the lottery.

Analysts wonder what cannabis industry players like Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) and ChineseInvestors.com Inc. (OTCQB: CIIX) have to say about the export bill passed by Oregon’s Senate.

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 – Poll Shows 60 Percent of Illinoisans Want Recreational Cannabis Treated Like Alcohol

As the legislative session draws to an end in Illinois, an opinion poll conducted shows that the majority of Illinoisans (60 percent) want recreational marijuana to be treated just like alcohol. This poll comes barely two weeks after another poll, sponsored by those opposed to cannabis legalization, showed that support for recreational marijuana legalization was waning.

This latest poll was sponsored by Gov. J. B. Pritzker and it was conducted by the Global Strategy Group. The pollsters asked 802 registered voters in the state whether they were in support of, or opposed to legalizing, regulating and taxing recreational marijuana in the same way as alcohol. The poll started on April 29 and ended on May 1.

In general, 60 percent of the respondents expressed their support for legalizing, taxing and regulating recreational cannabis like alcohol while 35 percent opposed it.

When the findings were broken down by location, the Chicago area showed the greatest support when compared to downstate areas.

Two weeks earlier, Mason-Dixon Polling & Strategy had been commissioned by Smart Approaches to Marijuana (an organization opposed to cannabis legalization) to conduct a poll on the views of Illinoisans towards recreational cannabis legalization.

That poll found that only 41 percent of the people in Illinois supported legalization. The poll was conducted on May 7 and 8. However, this poll came under intense criticism because of some of the questions it posed.

For example, the pollsters asked voters whether all forms of cannabis use should be made illegal. This question was criticized because medical marijuana has been legal in the state and there is no plan to alter its status in Illinois.

However, the poll conducted by the Global Strategy Group had the twist of not just asking voters about cannabis legalization but also asking them to compare recreational marijuana regulation to alcohol.

Alcohol is widely available and no limits are imposed on how much alcohol adults can buy or consume. The poll therefore wanted to find out whether recreational cannabis should also have minimal restrictions.

A lot of resources have been injected into the campaign to legalize recreational marijuana by its supporters. Opponents have also gone all out to thwart the attempts to legalize recreational cannabis.

The sponsors of the legalization bill told a senate committee that the industry is likely to bring in sales of about $500 million when the industry matures in five to six years. The bill also provides for the automatic expungement of marijuana convictions (without subjecting the affected people to a lengthy application process).

ChineseInvestors.com Inc. (OTCQB: CIIX) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) hope that Gov. Pritzker’s intention to see recreational marijuana legalized by the end of this legislative session sees the light of day.

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 – New Zealand Releases Details of Cannabis Legalization Referendum

The government in New Zealand has released details of how a referendum will be conducted in 2020 on the legalization of recreational marijuana. The plan was released by Andrew Little, the Justice Minister, in a press release.

The three parties which make up the current government agreed on the basic elements of the plan through which recreational marijuana use will be regulated, taxed and commercialized for adults 20 and above. The outcome of the vote will be binding, so voters shouldn’t have any fears that the government will not implement the decision of the people.

In the proposal, people will be allowed to grow a limited number of cannabis plants and licenses will be issued to places where recreational consumption can be done outside the privacy of people’s homes. Marijuana advertising will be highly restricted as well.

For the voters to make a decision, the referendum question needs to be as clear as possible so that if approval is given, voters know what legalization model they have voted for. This will prevent the lack of clarity on how to implement the decision of voters as is playing out in Britain after voters approved Britain’s exit from the EU but how to implement that decision has proved to be more divisive than the referendum on Brexit.

Andrew Little revealed that the cabinet decided to hold the referendum on full legalization because simply decriminalizing recreational cannabis would not provide the public health safeguards the country needs in order to protect the youth and help those who are addicted.

The minister also outlined the primary and the secondary objectives of the legalization bill which will be formulated so that voters decide based on the contents of that draft bill. These objectives include disempowering the illegal cannabis trade, ensuring cannabis product safety through the control of THC concentrations, and fiscal sustainability.

The legalization plan outlines the timelines for different activities which will be done in the run up to the referendum in 2020. These activities include inter-party consultation, receiving and analyzing feedback from stakeholders about the legalization model and voter education about the entire legalization plan after all the relevant documents have been printed and disseminated widely across the country.

If recreational marijuana is finally legalized through the referendum, New Zealand will be the first country in the world to legalize adult-use marijuana through a referendum. Uruguay and Canada took a legislative route.

ChineseInvestors.com, Inc. (OTCQB: CIIX) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) applaud the government in New Zealand for taking the time to formulate a detailed plan through which the people will be asked to make an informed decision about recreational cannabis. All that is left is to implement the plan and respect the decision made by the voters.

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 – SOL Global Expands into Michigan Cannabis Industry with $150M Acquisition

On April 23, 2019, SOL Global, one of the leading medical cannabis companies in Florida, signed a binding letter of intent with Merida Capital Partners to acquire MCP Wellness, Inc., a subsidiary of Merida Capital.

The acquisition is worth $150 million, and it will see SOL Global take over the Michigan firm which is just about to acquire two licenses to cultivate cannabis as well as a license to process the cannabis and three more to dispense medical cannabis.

Additionally, MCP Wellness, Inc. has plans to establish nine provisioning (dispensing) centers by August this year if the municipalities approve their plans in time.

If all these plans go ahead as scheduled, SOL Global and Merida Capital Partners anticipate that the revenue of MCP Wellness, Inc. will exceed $61 million this year and grow to more than $121 million next calendar year (2020).

The acquisition of MCP Wellness, Inc. by SOL Global is expected to be concluded in May this year after the negotiation process, regulatory approval and other related requirements are met by both parties.

SOL Global owns a vertically integrated cannabis company in Florida called “3 Boys” through its subsidiary CannCure Investments Inc. SOL Global plans to fold MCP Wellness Inc. into 3 Boys and form a marijuana multi-state operator (MSO) called CannCure.

The letter of intent signed states that the purchase price of $150 million will not be fully paid in cash. Only $35 million will be paid in cash while the remaining $115 million will be in the form of equity in CannCure offered to Merida Capital Partners. This means that MCP will own a 42 percent stake in the new multi-state operator.

After the acquisition, the 110,000-square foot MCP Wellness Inc. cultivation facility in Michigan will be retrofitted so that CannCure can have added capacity to meet the rapidly growing demand for medical cannabis in Michigan.

Meanwhile, 3 Boys will also continue its own expansion drive within Florida. The company has already got the nod from the Office of Medical Marijuana and the Department of Health in Florida to start processing and provisioning medical marijuana products at their new facility in Indiantown, Florida.

SOL Global and Merida Capital Partners intend to spread their wings in other states as well. For example, SOL Global may soon finalize its plans to acquire a major cultivator and processer in California. Once that deal is concluded, SOL Global wants to take the multistate operator public on an exchange in Canada.

Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) and ChineseInvestors.com Inc. (OTCQB: CIIX) congratulate SOL Global and Merida Capital upon the massive strides that they are taking to increase their footprint within the cannabis 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 – New York City Council Wants to End Employee Drug Testing

As New York State gets closer to legalizing recreational marijuana, the city council of New York has voted in favor of a bill that will ban employers from subjecting prospective employees to pre-employment cannabis tests.

If enacted into law, this bill will be a trailblazer because no other city or municipality in the U.S. has passed such a law explicitly stating that employers are no longer allowed to test job applicants for marijuana before considering them for employment.

The bill contains a clause that it will only be enacted a minimum of one year after the bill has been passed. This lag time is understood to mean that by the time the bill is enacted, the State of New York will have passed its own recreational cannabis legalization law.

Advocates for this bill in the City Council should have no fears because the Mayor of New York City has indicated on several occasions that he will sign the bill when the time comes.

This bill will apply to employees in both the private and public sector. However, some categories of workers would be exempted from the protections of this law. For example, truck drivers, pilots and police officers will still be tested for marijuana.

Similarly, employees who are suspected of smoking marijuana on the job will also not be exempted from this ban on employee testing.

The city council of New York also passed another bill that removes marijuana testing as a condition for parole or probation. This particular bill will be enforced as soon as the Mayor signs it into law.

Analysts say the bill on parole and probation could possibly have a more significant impact than the one on pre-employment cannabis testing. This is because the bill brings a major shift in the dispensing of justice in the City.

According to available statistics, more than half of the companies in New York City perform pre-employment marijuana testing. These tests are expensive, as each test costs approximately $31-$40.

However, the usefulness of such tests has been brought into question since cannabis metabolites can be detected in a sample of blood or urine months after the individual consumed marijuana. Additionally, a positive test result doesn’t give any indication of the frequency of cannabis consumption, or whether the person tested was impaired at the time the test was done.

As more states legalize either recreational or medical marijuana, the likelihood of getting a positive test result increases exponentially and it gets harder to decide what to do with those results since an individual can claim to have consumed cannabis months back when traveling through a state where it is legal.

ChineseInvesters.com (OTCQB: CIIX) and Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) applaud the framers of the bill since the law will prevent the needless waste of precious resources on drug tests for a substance that is legal in for medical use two-thirds of the country.

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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CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
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Editor@CannabisNewsWire.com

420 with CNW – Ontario Marijuana Stores Open as Fines Loom

When recreational marijuana was legalized across Canada on October 17, 2018, Ontario decided to start by only availing cannabis through a website run by the provincial government. Brick-and-mortar stores were slated to open in April this year, and yesterday (April 1) was the first day of storefront sales.

The provincial government decided to use an unconventional way to select which applicants would be granted the first 25 recreational cannabis retail licenses early this year. It used a lottery to select the lucky 25 businesses to be first to open retail stores. Originally, the plan was to license as many retailers as needed.

However, the persistent countrywide supply shortages compelled the government to change its plan and issue only 25 licenses in preparation for the April 1 deadline for the commencement of brick-and-mortar retail sales of pot.

The entities that participated in the lottery were fully aware that the licenses they received were subject to strict conditions, such as being ready to open by April 1.

Those that didn’t open their stores on that first day would face a fine of $12,500, and the fines would escalate the longer the business didn’t open. This penalty would be deducted from the $50,000 letter of credit that the applicants submitted as part of the preconditions for participating in the lottery.

If a licensee is unable to start operations by this month’s end, that business risks losing the entire $50,000 covered by that letter of credit.

That threat is likely to hit several businesses, since only 10 were able to fulfill all the licensing conditions in order to open on April 1. The race is therefore on for the remaining 15 businesses to reduce the fines that they will suffer as a result of their inability to open on the first day of storefront sales.

Meanwhile, Ontario residents have been waiting eagerly for the retail stores to open. This can be evidenced by the hundreds who started queuing as early as 4 a.m. in order to be among the first to buy pot in a “real store”.

Why would one sacrifice their sleep and yet recreational marijuana is already available online in the province? Each person has his or her own reasons, but a few seem to cut across.

For example, many are excited and want to be witnesses to the making of history in the province. To such people, the experience of walking into a store and paying for cannabis is something that truly marks the end of prohibition, and they wanted to experience it firsthand.

Many other people say that they are lining up at the stores because it gives them a better shopping experience. For instance, one can smell a product before deciding whether to buy it, something that isn’t possible when you order online. Stores also give you a chance to get up close and personal with the different products before you take your pick of what is available. This is worth lining for, they say.

ChineseInvestors.com (OTCQB: CIIX) and Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) hope that the residents of Ontario can enjoy buying from these retail outlets without being hindered by supply shortages.

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com