420 with CNW – Wisconsin Governor Reveals Plans to Legalize Marijuana

The new Governor of Wisconsin, Tony Evers, has announced that he intends to take the first step towards legalizing marijuana in the state during the first two years of his term of office. Evers revealed that he will include medical marijuana legalization during his budget proposals for this year.

The Governor made those statements during his address to the board members of the Wisconsin Technological Council last week. The Democratic Governor also revealed that he doesn’t want to rush anything, so he will start by pushing for the legalization of medical marijuana before taking the next step to legalizing recreational cannabis in the state.

Gov. Evers also stated that while he could push for legislation to make medical cannabis legal, he prefers that a referendum is used to decide whether recreational cannabis should be legalized or not.

However, the Governor also added that he wants the process to be handled “correctly.” When questioned about what he meant by that, Gov. Evers made some revealing remarks regarding his views on cannabis legalization.

First, he stated that he would like to see a cannabis industry that is favorable to small businesses. He revealed that he didn’t want to see the corporate takeover of the industry in Wisconsin just as what is happening elsewhere, such as Washington State.

He also added that he would like to see a tax structure that doesn’t make businesses to struggle to stay afloat, as is the case in Colorado. He wants residents to get involved in the industry profitably, rather than going broke in the process of working in an industry for which one is passionate.

The Governor’s views notwithstanding, it may be tough to legalize medical cannabis in the state using legislative means. This is because the Governor’s plans may be blocked by the legislators who aren’t so warm towards his ideas. For example, Scott Fitzgerald (Republican), the Senate Majority Leader, is a known opponent of medical marijuana legalization.

Be that as it may, the goodwill of the Governor towards cannabis legalization is invaluable to those who would like to see the marijuana laws in the state reformed. Those voices are gathering momentum and it may not be long before the elected representatives of the people start feeling that they risk losing their positions if they go against what the majority want on issues of marijuana legalization.

The entire cannabis industry, including Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and Plus Products Inc. (CSE: PLUS) welcomes Gov. Evers’ plan to develop a homegrown approach to cannabis legalization.

About CannabisNewsWire

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

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420 with CNW – Denmark Approves Bulk Medical Cannabis Exports

The Danish Ministry of Health has revealed that an executive order allowing local companies to export medical cannabis in bulk took effect on the first day of this year. This puts Denmark in pole position around the continent since many other countries are still staggering in their efforts to get medical cannabis programs running.

For example, the military is the only entity authorized to grow cannabis in Italy while Germany is yet to get its domestic cultivation program going.

Several foreign medical cannabis companies, including The Green Organic Dutchman and Canopy Growth have set foot in Denmark. Several reasons make this landlocked nation ideal for this nascent industry.

First, Denmark is close to Germany. Germany is regarded as the “golden goose” in Europe, so any company that can access the German medical cannabis market stands to make a fortune. It is also easy to access the rest of Europe from Denmark.

Secondly, Denmark has an advanced agricultural system that relies on technology to grow products that compete favorably on the continent and beyond. This shift to automation didn’t just happen by chance. The Danes realized that in order to compete with warmer countries in the region, automation was the way to go. This removed the reliance on human labor that was very expensive. Cannabis growers therefore stand to benefit from this rich agricultural heritage.

Thirdly, the government in Denmark is stable and supportive of the medical cannabis industry. This support was ably demonstrated when in just one year, medical cannabis was legalized, regulations were passed and exports were also permitted. Other countries take more than a year to hit just one of those milestones.

Additionally, utility rates in Denmark are one of the lowest on the continent. This is a big advantage to cannabis growers because electricity is one of the largest costs that they have to incur in order to grow marijuana indoors.

However, not everything favors the Danish cannabis industry.

For starters, many local doctors are skeptical about the medicinal benefits of cannabis and they have voiced their concerns. Denmark has responded to this by creating the Clinical Cannabis Forum in order to spread awareness about medical marijuana.

Secondly, several countries in the south have longer growing seasons and warmer weather in addition to abundant cheap labor. These include Malta, Portugal and Greece. Their products are likely to give Denmark a run for its money.

It remains to be seen how Danish technology will be harnessed to address those roadblocks that may reduce the shine on the allure of the industry. Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and Plus Products Inc. (CSE: PLUS) wish Denmark all the best on its journey to become a player in the international medical cannabis industry.

About CannabisNewsWire

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

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420 with CNW – Rhode Island Considers Using Medical Cannabis to Stop Opioid Dependency

The Department of Health in Rhode Island has scheduled a public hearing early next month to collect views about a petition that calls for cannabis to be used to help people wean off prescription opioids.

Prescription opioid overdoses were found to be responsible for the death of 336 people in 2016 while the number of such fatalities in 2017 was 323. From the start of 2018 to September 2018, the fatalities from prescription overdoses were 220.

The public hearing will take place on February 6 starting at 10a.m at the auditorium of the DOH. Thereafter the department will review the feedback that it collects from different stakeholders before reviewing the available medical literature on the use of medical cannabis instead of prescription opioids.

The Department of Health will also contact clinicians and different researchers in order to learn what their opinion is on this matter.

Finally, a definitive decision on the petition will be made by the Department of Health. The law stipulates that a final decision has to be made on such petitions within 180 days from the time that the petition was received. This means that a final decision should be made by April 15 since the petition was received in October last year.

If Rhode Island decides to approve the use of medical cannabis in the place of prescription opioids, the patients may most likely consume their cannabis as edibles. However, people will also be free to smoke it or apply it topically as an ointment.

The CDC estimates that countrywide, more than 72,000 people died from opioid overdoses in 2017 alone. That figure was 10 percent higher than the opioid fatalities recorded in 2016. There is no sign that this trend of opioid dependency and overdoses will slow down soon, so there is an urgent need to find ways to deal with the crisis.

The outcome of the petition in Rhode Island may well hold the key to turning the tide on this epidemic since there are indicators that cannabis can help people to deal with chronic pain. If Rhode Island proves that this is the case, then a major revolution will take shape starting with the states where medical cannabis is legal, and spreading to the others where medical cannabis is yet to be legalized. Who knows, the federal government may eventually rethink its position on medical cannabis.

For now, the focus is on the upcoming public hearing and the eventual decision that will be made. Industry players like Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and Plus Products Inc. (CSE: PLUS) hope that the hearing and the analysis thereafter brings an outcome that is in the best interest of patients.

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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 – Study Finds Proximity to Cannabis Dispensaries Increases New Home Prices

A recent study whose findings were published in the Contemporary Policy journal shows that prices of new homes jump by up to 7.7 percent in case a cannabis dispensary opens close to those homes.

The researchers compared the data for new homes in Denver, Colorado that were within quarter a mile, half a mile and three-quarters of a mile from a newly opened dispensary. The researchers discovered that the biggest increase (7.7 percent) in price occurred in the price of homes that were within quarter a mile from the cannabis dispensary.

The homes that were within half a mile (but beyond the quarter mile mark) had modest price increases of about 4.7 percent. However, these price hikes fizzled out as the distance between a new home and the cannabis dispensary increased.

It is also interesting to observe that the effect of cannabis dispensaries on housing prices mirrored the effect of new groceries or shopping malls in neighborhoods. However, the researchers refrained from trying to explain why the opening of a cannabis dispensary had such an effect on the price at which homes were sold. They could only guess that it may be due to the convenience of accessing the marijuana dispensary, especially when the public is positive towards marijuana in general.

Another study conducted thousands of miles away in the Netherlands seems to confirm that the findings in Colorado are valid. Igor Goncalves Koehne de Castro, a doctoral student, wrote a master’s dissertation about what happens when a cannabis coffee shop closes in a neighborhood.

He discovered that the rents paid by Airbnb clients reduced by approximately 3 percent in case a cannabis coffee shop closed within a radius of 250 meters from a facility registered on Airbnb.

Locations that were further than 250 meters from the closed coffee shop didn’t register any change in rents.

De Castro had plenty of case studies to follow since lots of coffee shops had closed within the four-year window he examined (2014-2017). Various factors, such as the enactment of laws barring cannabis coffee shops from operating within a certain radius from a school, compelled different marijuana coffee shops to close.

The statistical models from which he gathered his findings reveal that the coffee shops may be an attraction since Amsterdam is a tourist destination and visitors want to be within walking distance from a cannabis coffee shop.

This pair of studies in different geographical locations proves that cannabis legalization has widespread benefits beyond the ones immediately noticeable (taxes and direct jobs in the industry, for example). This also gives further justification that the Colorado jury which dismissed a claim that a marijuana grow facility depressed the value of a nearby property made a correct decision to throw out that claim.

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and other industry participants like SinglePoint, Inc. (OTCQB: SING) welcome this piece of additional positive news about the effects that cannabis is having upon the lives of people.

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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 – Marijuana Could Improve the Memory of Older People, Study Finds

Researchers from the University of Bonn in Germany and Hebrew University in Jerusalem (Israel) have done a study to investigate whether cannabis can improve brain function once endocannabinoid system (ECS) activity is increased by administering cannabis.

Lead researcher Andreas Zimmer and his team got three categories of mice for this study. The first group of mice was two months old while the second group was 12 months old. The third group of mice was 18 months old. These three groups represented the young, mature and old age-groups respectively.

The mice in each age group either received a placebo or had an implant that released THC slowly into the bloodstream. This was done consistently for 28 days after which several days were allowed to elapse with no THC being administered. This abstinence period was referred to as the washout period.

Additionally, all the mice (whether they got THC or a placebo) took part in memory and behavioral tests. For example, one activity involved testing whether the mice recognized other mice to which they had been exposed prior to receiving the placebo or THC.

Another test required the mice to locate a safe platform in a pool of water. The time taken during this activity was recorded for all the mice in the study.

The results of the study were eye-opening. For example, the young mice (the group which was two months old) showed a deterioration in their memory function after receiving THC. In contrast, the mature (12 months old) mice showed an improvement in their memory function. How could this be?

The researchers studied the brain structures of these mature mice and discovered that the brains suddenly looked young (comparable to those of the two-month old mice). Specifically, the hippocampus acquired new synaptic spines, a sign that brain neurons could now communicate more effectively with each other, and thereby heighten brain activity.

In other words, the THC had rewritten the genetic programming of the brains of the mature mice. The researchers used the elimination method to discount any other factor which could be responsible for the improved brain function and the result was that the THC reversed the aging of the brain cells.

What do these results mean for humans? The work done by Zimmer and his team shows a high likelihood that older humans can see improvements in brain function if they consume cannabis. However, this isn’t a certainty until human trials are done and documented. The good news is that Zimmer has already secured funding to study how THC affects memory function in humans.

The study involving human subjects will paint a clearer picture of how cannabis can be used to combat mental decline with age, especially dementia. Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4), SinglePoint, Inc. (OTCQB: SING) and the entire cannabis industry wish Zimmer and his team of researchers all the best in their bid to broaden how much we know about cannabis and its medicinal value.

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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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