420 with CNW – Complaints about the Minnesota Medical Cannabis Task Force Increase

When Minnesota legalized medical cannabis in 2014, a task force was established to evaluate the medical cannabis program and report back to the state. However, numerous complaints about the operation and effectiveness of this task force have arisen.

Representatives of patients, law enforcement agencies, the medical community, lawmakers and other stakeholders make up this task force. The task force is mandated to scrutinize patient access to the medical marijuana program, the affordability of the products and any other issue connected to medical cannabis.

However, the task force appears to have been doomed right from its very inception. For example, the law establishing this entity wasn’t very clear on the exact duties of the task force.

Consequently, some of its members thought that the task force would assess the conditions that people wanted to be added to the list of qualifying conditions and then make recommendations on the same while other members didn’t think the task force had that authority.

Additionally, the composition of the task force appears not to be conducive for the group to do its work. This is because the task force has members who have divergent views about the appropriateness of having a medical cannabis program in the state.

Such divergent views of the proponents and opponents of the medical marijuana program create a lot of tension during meetings, so it is hard for the members to agree on anything.

As if the issues above weren’t bad enough, the task force rarely meets. For example, the last meeting they held was in 2017. It is nearly two years since they held a meeting!

Even the meetings that have been convened haven’t been well attended. Denis Flaherty, the ED of the Minnesota Police and Peace Officers Association, revealed as much when he decided to resign his membership on the task force.

He said that being on the task force was “a waste of my time” due to the poor attendance and the lack of impact that the meetings were having.

Because of the lack of impact by the task force, medical marijuana remains very expensive (and many patients have resorted to the black market).

These complaints about the task force haven’t gone unnoticed by the powers that be in the state. For example, Rep. Heather Edelson has drafted a bill to clarify how often the task force should meet, and the specific issues they should consider during that annual meeting.

Gov. Tim Walz also acknowledged that there were frustrations with the task force. He revealed that he was considering recreating the group into a new one that will consider the legalization of recreational marijuana in addition to assessing the medical cannabis program.

It seems there is all round consensus that something needs to be done to make the task force more useful. Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) and Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) call on all the concerned authorities to revisit the task force so that medical marijuana patients aren’t exposed to preventable inconveniences.

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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 – Idaho Police to Procure Equipment That Distinguishes Cannabis from Hemp

A committee of the Idaho State Assembly has approved funding so that the state police can buy the equipment needed to test whether a given plant is industrial hemp or marijuana. This plan comes after the police seized a semitrailer carrying what the arresting officer thought was marijuana while the driver and his employer insisted that the consignment contained hemp.

The owner of the cargo, Big Sky Scientific, tried to get a court order to compel the police to release the cargo since it was deteriorating rapidly as the police continues with its investigations. The company argued that it was now legal to grow hemp and transport it across state lines from the time President Trump signed the Farm Bill 2018 into law.

However, court declined to issue the court order since the state didn’t have a law prescribing how hemp could be grown. Furthermore, the court could not be certain that Big Sky Scientific had grown its “hemp” in accordance with the Farm Act 2018.

This case has captured headlines within and outside Idaho because it serves as an eye-opener of the kind of situations that law enforcement agencies are likely to face now that hemp is legal while marijuana remains illegal at the federal level.

This confusion is likely to arise because there is no difference in the physical characteristics of hemp and cannabis. It is therefore possible for someone to attempt to transport cannabis across state borders while passing it off as hemp. It is also likely that hemp cultivators will face a lot of inconveniences as they jump through hoops to prove that what they are cultivating or transporting isn’t marijuana.

The procurement of the testing equipment was initiated by some lawmakers (not the police department) who felt that it was unsustainable to keep sending samples to Kentucky each time a seizure or arrest was made by the police. The argument of the lawmakers makes sense, because Big Sky Scientific stands to lose its cargo due to the delays created by having to conduct tests outside the state yet the crop is highly perishable and cannot retain its quality while the legal issues are sorted out.

For now, the entire Assembly has to approve the $240,000 funding request before the spending proposals go to the state Senate for approval. Only then can the money be released to procure and install the testing equipment in the police testing facility. Plus Products Inc. (CSE: PLUS) (OTCQB: PLPRF) and Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) call for the speedy procurement of the testing equipment so that additional problems can be avoided later on.

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 – North Dakota Cannabis Activists Consider 2020 Ballot Measure

While attempts to legalize cannabis by a ballot measure last year and by legislative means this month were met with defeat, marijuana advocates in the state aren’t giving up, and they are already planning to have another shot at a ballot measure in 2020.

Dave Owen, a leading cannabis advocate in the state who played a major role in the ballot measure that was voted upon during the recent midterms says that his organization (Legalize ND) will look to national advocacy groups for funding and support this time round. He revealed that the huge amounts of money poured into the state to oppose the ballot measure in the midterms led to the defeat of that effort.

Dave Owen also revealed that come 2020, the ballot measure will be a watered down version of the one of 2018. For example, rather than insist that people should be allowed to grow as much marijuana as they want for their own use, the new ballot measure will propose some restrictions to home grows.

The new ballot measure will also include provisions for licensing as well as excise taxes on marijuana sales. These provisions were lacking in the measure that was rejected by voters during the midterms last year.

The last ballot measure had a provision to expunge marijuana convictions from the criminal records of North Dakota residents. Dave Owen isn’t sure whether the next ballot measure he plans to draft will still have this provision. It should be noted that most of the states that have legalized recreational marijuana have also taken steps to expunge some marijuana convictions from the criminal records of those who qualify for this expungement. It is therefore unclear whether Dave Owen feels that watering down the ballot measure in this regard will win it more supporters.

Polling is an important step during such a campaign for marijuana legalization, and the cannabis advocate admits that they have been finding it hard to get the funds needed to conduct several polls. This lack of funding has compelled the organization to base on assumptions when planning and executing a campaign strategy. Legalize ND intends to change this so that they can work with concrete numbers as they prepare for the polls in 2020.

Dave Owen is confident that the grassroots networks that exist in the state can propel the ballot measure to success if only external help (especially funding) can be sent in by the national marijuana advocacy groups.

All that Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and SinglePoint, Inc. (OTCQB: SING) can do is wish both sides good luck as they put their case before North Dakotans for a final decision at the ballot.

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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 Linked to Higher Sperm Concentrations

New research has revealed that men who smoke or have ever smoked cannabis have a higher concentration of sperm when compared to those who have never smoked marijuana. This study was conducted at Massachusetts General Hospital.

The team of researchers, led by a group based at Harvard Chan School of Public Health, based their work on a hypothesis that smoking marijuana would have an adverse effect (poor quality sperm) on the reproductive health of men.

They selected that hypothesis because some previous research seemed to suggest that smoking marijuana was detrimental to male reproductive health. However, those previous studies may have been flawed because they focused on men with drug abuse problems or the research was conducted on mice.

Nevertheless, this research sought to dig deeper into the link between smoking cannabis and sperm health.

To this end, the researchers obtained semen samples from 662 men. These samples (totaling 1,143) were collected for nearly two decades from 2000 to 2017. The men were approximately 36 years old and they were largely white with college degrees.

317 men from that group of participants also provided blood samples to the researchers. These blood samples were analyzed to check for the presence of reproductive hormones.

Additionally, the study participants were asked to fill a questionnaire about their use of marijuana. The questions included whether those men had ever smoked a total of two or more marijuana joints in their lives, and whether they were current cannabis smokers.

55 percent (a total of 365 of that group) of the study subjects admitted that they had ever smoked cannabis. From this number, 11 percent said they still smoked cannabis while 44 percent said they no longer did.

The researchers discovered that the men who smoked or had ever smoked cannabis had approximately 62.7 million sperms in each milliliter of ejaculate. The average sperm concentration for those who said they had never smoked cannabis was 45.4 million in each milliliter of ejaculate.

The World Health Organization puts the threshold for normal sperm concentration at 15million/mL of ejaculate. Interestingly, only 5 percent of the men who smoked cannabis had concentrations lower than this threshold while those who had never smoked had 12 percent of their members registering sperm concentrations that were below this threshold.

Serum testosterone was also higher among men who smoked or had ever smoked cannabis when compared to those who had never done so.

Feiby Nassan, the lead author of this research, warned that their findings should be taken with some caution because the researchers were aware that there is so much that may be going in the bodies of the study participants to explain why the results came out the way they did.

For example, the compounds in cannabis may work with the endocannabinoid system, thereby boosting male fertility.

On the other hand, one can also claim that men who have higher testosterone may be more likely to smoke cannabis since this hormone makes them more likely to indulge in risky behavior.

All in all, the researchers appealed for more research to be conducted on how marijuana affects the reproductive system and the entire body. This is exactly why cannabis industry players like Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) and SinglePoint, Inc. (OTCQB: SING) have been hoping that the U.S. federal government eases its restrictions on cannabis so that American researchers can add onto what researchers elsewhere are doing to increase the available knowledge about cannabis.

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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 – Why Suppositories will be Big in the Medical Marijuana Industry

Many people may feel rather squeamish about sticking a cannabis suppository up their backside, but this method of administration is beginning to attract widespread attention as a way to administer medical cannabis. Several reasons can explain their growing popularity.

Better Absorption Rates

The most common ways to take medical cannabis are by eating or smoking the substance. However, these two methods of administration don’t allow enough of the cannabis consumed to be absorbed into the bloodstream.

For example, the acidic environment inside the stomach and the entire gastrointestinal tract destroys most of the therapeutic ingredients in cannabis before those compounds have a chance to enter the bloodstream and do their work.

Smoking also comes with its own risks of damage to the lining of the lungs, among other dangers. Furthermore, not enough cannabis can be absorbed through the lungs since some is exhaled along with the air one breathes.

However, the lining of the rectum provides an excellent medium through which cannabis can be absorbed into the bloodstream. Consequently, a patient will not need to use a large dose in order to get the desired effects.

It’s Ideal for Seriously Ill People

Some patients, such as cancer patients, are in such a bad state that it is nearly impossible for them to smoke or consume cannabis edibles. How can such people get medical cannabis into their bloodstream?

Cannabis suppositories are an excellent option in such situations. Remember, all lists of conditions for which one can access medical cannabis include chronic or debilitating illnesses. No wonder doctors are increasingly recommending that patients use marijuana suppositories.

They Have a Track Record

Suppositories aren’t a new invention. They have been used in conventional medicine for decades. These items are therefore getting a new lease of life by being used in the medical cannabis industry.

Additionally, it is possible to standardize the dosing of cannabis products if patients are going to use suppositories. This is much better than telling someone to smoke “a thick wad of cannabis when the tremors start.”

Such standardization can go a long way in removing the stigma that has sometimes been directed at cannabis as something for reckless people who have nothing to do except getting high.

Less THC Is Absorbed in This Way

Another key advantage of cannabis suppositories is that they are likely to silence the critics who say that patients are using medical cannabis in order to get high.

Research has it that THC (the psychoactive element in cannabis) isn’t as readily absorbed into the bloodstream through the rectum, unlike CBD that is readily absorbed. Thus, there is a lower risk that patients will get addicted to cannabis while taking it anally.

As you can see, cannabis suppositories seem poised to stake their claim in the medical cannabis sector. The cannabis industry, including SinglePoint Inc. (OTCQB: SING) and Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4), welcomes all avenues through which patients can get relief from their conditions.

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 – 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 – Oregon Eases Access to Medical Marijuana

The authority in charge of overseeing cannabis in Oregon (the Oregon Liquor Control Commission) has released new rules that will make it easier for patients to access medical marijuana.

The new rules that are set to take effect tomorrow (December 28) will allow marijuana to be delivered to those areas where the local authorities have passed ordinances banning any marijuana-related business activity within their jurisdictions.

The new provision of the rules is welcome news to patients and caregivers because they will no longer have to travel long distances in order to replenish their medical cannabis supplies.

Additionally, the new rules have also increased the limit on how much cannabis one can buy at a go. Previously, a patient holding a medical cannabis card was only allowed to buy an ounce (28.3 grams) of cannabis.

This limitation was particularly hard on patients or caregivers from the areas where medical cannabis was prohibited. This is because such people would be compelled to make frequent trips to distant medical cannabis dispensaries.

The new rules now allow a patient or caregiver carrying a valid medical cannabis card to purchase up to 8 ounces (226.4 grams) of cannabis. This higher cap means that patients will now reduce how frequently they go to purchase replenishments.

Why the change of heart on the quantities?

It was previously feared that allowing medical cannabis cardholders to buy larger amounts of cannabis would create opportunities for the medical cannabis program to be used as a supply source for the recreational use of marijuana. However, this may have proved to be an unfounded fear.

Secondly, the inconvenience of having to go to a dispensary so frequently was burdensome to many patients and caregivers, so a concession on how much could be purchased was an inevitable compassionate step to take.

It is estimated that Oregon has approximately 50,000 people registered to access medical marijuana. The state legalized medical marijuana in 1998, and it has been updating its regulatory framework periodically, based on the changing realities within the state, and borrowing from the experiences of other states where medical marijuana has since been legalized. It is in this same spirit that plans are underway to pass permanent rules regulating CBD products and hemp in the wake of the passing of the Farm Bill 2018.

SinglePoint, Inc. (OTCQB: SING) and other industry participants like Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: 03X4) welcome the changes Oregon has made in response to the persistent problems that patients and their caregivers were experiencing.

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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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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