420 with CNW – Study Shows Your Working Memory May Improve After Smoking Cannabis

One of the stereotypes that surround marijuana consumers is that they become forgetful when high on cannabis. However, a new study at the University of Florida has established that such a stereotype is just a myth.

The researchers designed the study in a unique way that involved exposing rats to cannabis smoke so that they inhale it. The rats were first taught to perform a number of delayed response tasks, such as poking the nose into a feeding trough a defined number of times before getting a reward of food pellets.

Alternatively, the rats in the study were required to look for, and press a lever several times before getting their reward.

The rats were divided into two groups based on their gender. In total, 32 rats took part in this study. Females tended to have lower working memory scores when compared to the scores of the males before cannabis smoke was introduced.

The researchers compared the working memory scores of the two groups when the rats were sober and how they performed after being exposed to cannabis smoke. The results showed that there appeared to be no difference in the scores obtained by the male rats when sober and after inhaling cannabis smoke.

However, there was a marked improvement in the working memory of the female rats when they performed the delayed response tasks after being exposed to the marijuana smoke. Remember, the female rats had lower scores in the working memory tasks performed prior to the introduction of cannabis smoke.

The placebo smoke used as a control in the study didn’t trigger any changes in the cognitive performance of either the male or female rats. This leaves the only logical conclusion for the better working memory as attributable to the cannabis smoke to which the rats were exposed.

The researchers also experimented with the dosage, the timing and the route of cannabis administration. Each of these variables triggered a difference in the working memory of the rats in the study.

Consequently, the researchers concluded that the cognitive outcomes observed will vary based on the specific route, dosage and duration of cannabis administration. They called for additional research to be done on this subject so that a better understanding of the effects of cannabis on cognitive function can be attained.

Stakeholders in the cannabis sector, such as Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and Marijuana Company of America Inc. (OTCQB: MCOA) welcome all scientific studies that help to separate fact from myth on the subject of marijuana.

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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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Political Breakthrough Heralds the End of the Prohibition on Hemp

CannabisNewsWire Editorial Coverage: With federal legalization of hemp expected in the United States by Christmas, the farming and cannabidiol product industries are anticipating great changes in their future.

  • Hemp farming, which has been illegal in the United States since 1970, is about to be made legal under the newest Farm Bill legislation.
  • Pilot projects and work in Canada have allowed companies to prepare for U.S. hemp farming by developing their techniques, science and crop strains.
  • With legalization promising great growth, companies are seeking paths to investment opportunities.

Marijuana Company of America, Inc. (OTC: MCOA) (MCOA Profile) is among the innovating companies carrying out cultivation, research and development projects on sites in the United States and Canada. Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) has been expanding its operations through partnerships with other companies, covering investment, supply and research. Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) has expanded its cultivation and markets while negotiating for fresh investment. Aphria, Inc. (NYSE: APHA) (TSX: APHA) has partnered with a company specializing in branding to develop new consumer-driven brands and products for the cannabis market. Aurora Cannabis, Inc. (NYSE: ACB) (TSX: ACB) is putting out new products in the United States and looking to export those products…

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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 – Consuming Legal Marijuana in Massachusetts Could Still Get You Fired

In one of the ironies surrounding recreational marijuana, anyone who tests positive for the substance can legally be fired even if state law permits the consumption of cannabis by adults. Several employers polled in Massachusetts admitted that they would continue random drugs tests. They cite a number of reasons for this.

First, many employers revealed that testing employees and firing those who test positive for the metabolites of THC helps those employers to pay lower insurance premiums. This is especially true for companies that involve the use of heavy machinery. Lower premiums mean more savings for company owners.

Secondly, employers are concerned about the safety of their customers. For example, would you be comfortable allowing someone who is under the influence of cannabis to service your pool at home?

Another reason given by employers who insist that they will continue testing their employees for drugs (and making hiring decisions based on the test results) is that those employers have a duty to ensure that their employees are safe at the workplace. Maintaining a drug-free work environment is one of the ways to protect employees from many avoidable hazards.

However, recruiters say those who conduct pre-employment drug testing are increasingly becoming the minority among employers in the state. This is because such a procedure tends to eliminate a significant fraction of job applicants because marijuana is widely consumed ever since it became legal.

Mayo Clinic reveals that anyone who consumes marijuana just once can have the metabolites of the substance in their urine for up to three days. The duration within which these metabolites can be detected increases based on how often one consumes cannabis. For instance, daily users peak at more than 30 days within which cannabis can be detected after the last time they consumed the substance.

The law legalizing marijuana in Massachusetts calls on employers to implement reasonable protections for employees who have a medical marijuana card issued by the state. Those are the only employees who may escape punitive action if they tested positive for THC metabolites during pre-employment screening or random testing once they are on the job.

But, why is there such a contradiction in the law? Federal law takes precedence over state law on many employment issues, such as the laws regarding an employer’s liability for the welfare of his or her employees. Consequently, state law permits people to consume recreational marijuana but leaves the door open for employers to take action against workers who test positive and create risks for the company.

These contradictions will only end once the federal government finally decides to legalize marijuana. How far off will that be? Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), Marijuana Company of America Inc. (OTC: MCOA) and other industry players can’t wait to see the end of prohibition at the federal level.

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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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Departure of US AG and Democratic House Control Improve Prospects for Hemp Industry

CannabisNewsWire Editorial Coverage: Recent changes in Washington, D.C., are good news for the U.S. hemp industry.

  • The recent departure of Jeff Sessions from the Attorney General’s Office may make it easier for states to enforce their own laws in relation to cannabis and hemp legalization.
  • The Democratic majority in the House may ease the passage of the delayed Farm Bill.
  • These changes could improve the prospects for hemp and cannabis producers.

Marijuana Company of America Inc. (OTC: MCOA) (MCOA Profile) is a pioneer in the hemp industry, with trial cultivation operations under way in Washington and a range of hemp-derived products on the market. Charlotte’s Web Holdings, Inc. (OTCQX: CWBHF) (CSE: CWEB) is also focused on hemp-derived cannabidiol (CBD) products and recently raised its profile through TV coverage. Even before the prospect of reform, CV Sciences, Inc. (OTCQB: CVSI) was seeing record profits this year and increased its profile by becoming a sponsor for the Hemp Industry Association’s 25th anniversary conference. Isodiol International, Inc. (CSE: ISOL) (OTCQB: ISOLF) is benefiting from changes not just in the United States but in Mexico, where new regulations will support its sale of diverse CBD products. The first publicly traded U.S. cannabis company, Medical Marijuana, Inc. (OTC: MJNA) is also seeing…

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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 – Highlights of the 2018 Las Vegas Marijuana Business Conference

The 2018 Marijuana Business Conference held in Las Vegas came to an end on Friday last week after drawing record numbers of attendees. Several key issues can be identified from what transpired in Las Vegas during the conference.

Approximately 30,000 people were at this marijuana business conference. They ranged from marijuana business owners, vendors of cannabis products and investors gathering information before they make a decision to put money into the industry.

Such a huge interest can only confirm that marijuana is arguably the fastest growing industry across the world. This conclusion is valid given the rate at which different states within the U.S. and across Europe are legalizing some form of cannabis.

One of the biggest things to watch in the coming year are the changes that will be made in the way cannabis is grown. These changes are needed in order to grow as much as possible while cutting the cost of bringing the product to the market.

Some of the “smart” growing systems that were showcased could track various grow conditions, such as temperature and moisture level. The system can trigger the affected condition to be adjusted in a small area, such as a single grow bench.

In this way, you can minimize the inputs going into the cultivation process while increasing productivity. Such technologies will be key in the process of reducing the cost of producing each kilo or pound of cannabis.

Another trend to watch in the coming year and beyond is the growth in the number of pot lounges in states or countries where recreational marijuana has been legalized.

Pot lounges will play an increasing role in the cannabis industry for a number of reasons. First, different jurisdictions will have varying laws regarding the public smoking or use of recreational cannabis. A pot lounge therefore provides a haven where marijuana consumers can indulge without any fear of breaking public consumption laws.

Secondly, pot lounges provide an opportunity to create a cannabis lifestyle among consumers. The facilities can be designed and fitted in innumerable ways based on the wishes of the proprietors. This will create brand differentiation and build customer loyalty. A clear example of this is Planet 13, the largest cannabis retail store in the world located in Las Vegas. The establishment is already causing a stir in the industry and other places will have to take their cue from the standard that it has set.

Marijuana Company of America Inc. (OTC: MCOA), Medical Cannabis Payment Solutions (OTC: REFG) and other industry players may have left this conference confident that the outlook is bright for the entire cannabis industry.

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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 – Colorado Jury Rejects RICO Act Claim Against Marijuana Company

A few days ago, we reported about a landmark case in Colorado that had the potential to set a precedent that could have huge implications for the cannabis industry across the US. In that lawsuit, a couple sued a marijuana grow facility for making the plaintiffs’ property “lose value” due to the smell coming from the indoor cultivation facility.

That case was the very first of its nature to reach a jury and the entire cannabis industry watched with bated breath to see what decision will be made once the hearings end and the jury retires to make its verdict.

The defendant had planned to use property rate valuations as proof that the claim was unfounded since the state kept collecting higher taxes from that neighbor’s property due to the property’s increase in value despite the presence of the indoor grow in the area.

The case was heard and the jury withdrew to consider the evidence and arrive at a decision. In less than half a day, the verdict was ready and the plaintiffs’ claim was dismissed.

It is unlikely that the couple will appeal the federal court’s decision in a higher court since they stand a minimal chance of succeeding after this decision.

Industry watchers and the legal fraternity have said that the Colorado decision may have poured water on any other individuals or groups that were planning to target cannabis companies using the anti-racketeering laws of the mafia era.

In fact, three other lawsuits of the same nature are still pending in Oregon, Massachusetts and California. It isn’t known how many other copycat lawsuits would have been filed if the events in Denver had gone against Parker Walton’s cannabis grow facility, but chances are high that opportunistic law firms would have egged on many property owners to file cases.

The jury’s verdict has therefore put a dampener on all those who were harboring thoughts of shifting their attack against the cannabis industry to another front.

However, the risk of lawsuits still remains since there is a mismatch between the laws in states where marijuana is legal and federal laws that regard cannabis as a Schedule 1 substance (no medical use but a high likelihood of being abused). It is also very expensive to defend against such lawsuits, and Walton may have ended up losing his business if the jury had ruled against him.

Other companies in the industry, such as Marijuana Company of America Inc. (OTC: MCOA) and Medical Cannabis Payment Solutions (OTC: REFG) may be celebrating the verdict from Denver, but other threats to the industry still remain.

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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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Industrial Hemp Floodgates Open as CBD Demand Grows

CannabisNewsWire Editorial Coverage: The growing popularity of cannabidiol (CBD), a powerful but nonpsychoactive cannabinoid found in plants of the cannabis family such as industrial hemp, has a lot to do with consumer experience roundly validating the increasingly body of scientific evidence for CBD’s therapeutic value.

  • CBD demand is increasing rapidly as consumers run ahead of the studies.
  • Branding is key to capturing market share while formulation quality drives consumer loyalty.
  • The global potential for the CBD market is immense and largely untapped.

Marijuana Company of America Inc. (OTC: MCOA) (MCOA Profile) has taken several key steps to set itself up as a power player in the burgeoning CBD space, acting as a cultivation site landlord while also developing revolutionary products containing proprietary CBD compounds via its wholly owned subsidiary, hempSMART. CV Sciences Inc. (OTCQB: CVSI) just introduced PlusCBD Oil™ Gummies at the Natural Product Expo East 2018. Los Angeles-based MedMen (CSE: MMEN) (OTCQX: MMNFF) just signed a $33 million deal to acquire Kannaboost Technology Inc. and CSI Solutions LLC, collectively known as Level Up, an Arizona-based vertically integrated marijuana firm. OrganiGram (TSX.V: OGI) (OTCQX: OGRMF) has just has signed a supply agreement with BC Liquor Distribution Branch, the sole, wholesale distributor of nonmedical cannabis for British Canada. And symbolic of its presence in the cannabis market, Aphria (NYSE: APHA) (TSX: APH) debuted on…

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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 – New York Liquor Stores Offer Solution to Recreational Marijuana Sales

The state of New York is hammering out the details of the law which will legalize recreational cannabis in the jurisdiction. One of the issues that has come up for consideration is how that cannabis will be distributed and sold once legalization takes place.

Liquor stores have come together and proposed that they should be allowed to sell recreational marijuana throughout the state. This group advances several arguments in support of their proposal.

First, they say that liquor stores exist throughout the state. Consequently, fewer resources will be wasted in setting up a new distribution and retail network for recreational cannabis. The public can therefore access the product sooner after legalization.

Secondly, liquor stores are heavily regulated by the state. The regulatory and enforcement arms of the state government will therefore not be stretched once recreational cannabis is added to the products that can be sold in liquor stores.

Thirdly, the group argues that letting liquor stores sell marijuana would help to protect the jobs and revenues accruing from the sale of alcohol. Other states where recreational marijuana is legal have registered a drop in alcohol sales. Consequently, some employees have been let go and a number of liquor stores have also closed.

Allowing the liquor stores to sell recreational cannabis would therefore protect the existing jobs in this sector of the state economy while also bringing in the expected taxes and other revenues from the cannabis industry.

The group of liquor store operators has set up a website to gather support for their suggestion. The public is being urged to access pre-written letters which can be sent to the different legislators who will make the final decision about how recreational marijuana will be sourced, distributed, and sold to the public.

The letters show that the plan by the liquor stores provides a win-win scenario for all concerned. The public benefits by having easy access to facilities that have been in existence in their neighborhoods. Law enforcement wins by simply expanding their effort instead of overseeing an entirely new bureaucracy. The state further benefits by saving the tax dollars which would have gone to setting up and overseeing a new network of cannabis retailers.

Governor Cuomo started the ball rolling on recreational cannabis legalization when he asked the Department of Health to analyze whether or not legalization should be done. The resultant report showed that the drawbacks of legalizing recreational cannabis were fewer than the benefits which the state would register.

The law being drafted also seeks to compel public health insurance plans to cover medical cannabis so that people don’t have to pay out of pocket for such needed treatments. Such progressive policies are exactly what companies like Marijuana Company of America Inc. (OTC: MCOA) and Medical Cannabis Payment Solutions (OTC: REFG) would like to see throughout the country.

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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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CannabisNewsWire (CNW)
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Changing Attitudes in Washington Offer Promise for Hemp and Cannabis Market

CannabisNewsWire Editorial Coverage: Legal changes could soon make transacting business easier for the cannabis industry.

  • Reports indicate that the president plans to reform cannabis laws, making commerce easier for businesses working in states with legal markets.
  • Reforming the law could improve the position of companies working with cannabidiol (CBD) as a food additive and industrial hemp.
  • Hemp and CBD are now large segments of the cannabis sector.
  • These anticipated legal changes are part of a wider international shift.

One of the companies that may benefit from changes in the United States is Marijuana Company of America, Inc. (OTC: MCOA) (MCOA Profile), which works primarily in cultivating industrial hemp and developing CBD products. Tilray, Inc. (NASDAQ: TLRY), which has affiliates around the world, may use its global experience to adjust to changes in the United States. Research into cannabis by companies such as Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) will become easier, eventually improving product ranges and patient well-being. The legislative shift is also being encouraged by companies such as PotNetwork Holding, Inc. (OTC: POTN) through efforts at public and industry events. And as industry leaders such as Aphria, Inc. (OTC: APHQF) (TSX: APH) swallow up smaller companies, a stronger, consolidated sector is likely to…

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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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CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

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.

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420 with CNW – A Peek Into Canopy Growth’s Cannabis Manufacturing Facility Just Before Legalization Day

Wednesday (October 17) marked the start of a new era in Canada after recreational cannabis became legal. Canadians waited for this day, but not as eagerly as Canopy Growth, one of the leading cannabis companies in the country.

The President and co-CEO of the firm, Mark Zekulin, said that they pulled all the stops, including using every kind of transportation available in Canada (except dog sleds) to ensure that cannabis supplies were distributed to all the retailers who had placed orders from around the country.

Zekulin added that the company had been preparing for legalization day for years. That statement cannot be conceived as bragging since the company has been operating for years when only medicinal marijuana was legal in Canada.

Those long years of preparation were also revealed when the co-CEO said that the manufacturing plant of the company also has an edibles division even if cannabis edibles are not yet legal in Canada. It is believed that edibles will be legalized after about a year from the date when recreational cannabis hit the retail stores.

The information above was shared as the co-CEO and the VP for Communications took a team from Cheddar TV Network around their Ontario-based manufacturing facility.

The cannabis facility is housed in a building that used to host a Hershey’s chocolate factory in the past. To honor that heritage, Canopy Growth plans to make chocolates with a twist; chocolate infused with marijuana.

Canopy Growth employs more than 800 people at its Ontario headquarters, and those hundreds of employees must have had long shifts scrambling to make October 17 a success despite the logistical challenges of moving so much cannabis within such a short time.

The “vault” at the manufacturing plant had about half a billion dollars’ worth of marijuana and marijuana products at the time the Cheddar Network team toured the facility. That stockpile is only expected to sit on the shelves for a few days before it is all distributed to retailers and medical cannabis dispensaries throughout Canada.

Analysts estimate that the demand for marijuana is likely to hit more than 610 tons yet the existing suppliers can only avail 210 tons of marijuana. It is no wonder that Canopy Growth had to send out an all-hands-on-deck call to its employees in order to hit the ground running on day one of legal recreational cannabis.

American marijuana companies like Marijuana Company of America (OTC: MCOA) and Medical Cannabis Payment Solutions (OTC: REFG) can only watch from a distance hoping that it won’t be long before marijuana becomes legal at the federal level in the homeland.

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

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com