420 with CNW – Another Marijuana Legalization Bill Introduced in Mexico Legislature

On Tuesday, a key Mexican lawmaker introduced a new marijuana legalization bill in parliament. The legislation would allow people to cultivate marijuana in their homes.

The coordinator of the ruling MORENA party’s bench in the Deputies Chamber, Mario Delgado Carrillo, while filing the legislation, argued that regulating marijuana would help in promoting health among the Mexicans. Furthermore,  having the government in charge of the program would help in reducing…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW – LA Launches Crackdown on Marijuana Black Market

Recently, the city of Los Angeles launched a major crackdown on illegal marijuana activities that include cultivation, extraction, manufacturing and delivery. The city has a penalty of six months’ incarceration and a fine of $1,000 for those convicted of engaging in any unlicensed commercial cannabis activity.

LA City Attorney Mike Feuer is quoted as saying that that his office was taking the enforcement action because it wasn’t good for some entities to go through the entire process of getting licensed while others come and distort…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Gains Approval to List Class A Subordinated Voting Shares on the Toronto Stock Exchange

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, on Thursday announced that it has received final approval to list its class A subordinated voting shares on the Toronto Stock Exchange (“TSX”). Per the update, the shares will begin trading on the TSX under the ticker symbol “RIV” on September 9 at the opening of markets. The company’s subordinated voting shares will be delisted from the TSX Venture Exchange in conjunction with listing on the TSX.

To view the full press release, visit http://cnw.fm/53Eok

About Canopy Rivers Inc.

Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.

NOTE TO INVESTORS: The latest news and updates relating to CNPOF are available in the company’s newsroom at http://cnw.fm/RIV

About CanadianCannabisWire

CanadianCannabisWire (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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CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Portfolio Company Acquires Ultra-Premium Cannabis Brand

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) on Thursday announced that its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) has entered definitive agreements to acquire ABI SF, LLC. ABI SF operates a Bay Area cannabis cultivation facility and owns the State Flower brand, which is recognized for its ultra-premium cannabis flower. California-based cannabis producer State Flower focuses on its craft approach to cultivation, using first-class genetics at an Envirocann certified facility in San Francisco. “This announcement is yet another example of TerrAscend delivering on its U.S. expansion plans, providing ever-growing U.S. exposure to Canopy Rivers’ and TerrAscend’s shareholder base,” Canopy Rivers president and CEO Narbe Alexandrian stated in the news release. “We think the acquisition of State Flower will allow TerrAscend to capture important mindshare in the U.S. through a strong, consumer facing brand. With a U.S. retail foothold already secured through The Apothecarium, we believe that State Flower is a natural strategic fit for TerrAscend.”

To view the full press release, visit http://cnw.fm/e7Wv2

About Canopy Rivers Inc.

Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.

NOTE TO INVESTORS: The latest news and updates relating to CNPOF are available in the company’s newsroom at  http://cnw.fm/RIV

About CanadianCannabisWire

CanadianCannabisWire (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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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CannabisNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Posts Q1 Fiscal 2020 Financial Results, Provides Corporate Update

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning reported financial results for the first quarter ended June 30, 2019. Among other highlights, the company reported an operating income of $2.7 million for the quarter which it primarily attributes to royalty, interest and lease income. Canopy Rivers took advantage of new invest opportunities during the quarter, providing $18.8 million to new investments in Biolumic, Zeakal and High Beauty in addition to contributing a total of $6 million to existing investees Greenhouse Juice Company and Agripharm. “In Q1 2020, we made several exciting investments in plant sciences and cannabis brands, two areas that we think are primed for real growth in the cannabis sector,” Canopy Rivers President and CEO Narbe Alexandrian said in the news release. “In addition to our new investments, as lifecycle investors, it was also rewarding to see so much positive news coming from our portfolio companies this quarter. From PharmHouse entering into a significant supply agreement with Canopy Growth to TerrAscend becoming, to our knowledge, the first and, so far, only cannabis company with sales in Canada, the U.S., and the European Union, our portfolio companies were busy creating significant value.”

To view the full press release, visit http://cnw.fm/3MfO2

About Canopy Rivers Inc.

Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.

NOTE TO INVESTORS: The latest news and updates relating to CNPOF are available in the company’s newsroom at  http://cnw.fm/RIV

About CanadianCannabisWire

CanadianCannabisWire (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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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

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420 with CNW – New Industry-Backed Cannabis Legalization Measure Announced in Florida

A multi-state medical marijuana dispensary chain is behind the latest measure which has been filed to legalize recreational marijuana in Florida. This measure was filed on Aug. 6.

The 2020 ballot measure was a filed by Make It Legal Florida, a political committee registered at the beginning of this month. The chair of this committee is the government affairs director of MedMen, a medical marijuana dispensary with operations in…

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About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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CannabisNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) Headset Launches Cannabis Market Intelligence Tool in Canada

Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced that its portfolio company, Headset, Inc., has launched its competitive cannabis market intelligence tool in Canada. Headset Insights is already trusted by hundreds of operators in numerous U.S. markets and provides users with real-time market data to help uncover strategic opportunities, monitor consumer trends and behaviors, and keep tabs on competitors. “This announcement from Headset is a testament to the company’s rapid growth since being backed by RIV and joining our ecosystem in January 2019,” Canopy Rivers President and CEO Narbe Alexandrian said in the news release. “We believe that Headset Insights is an unmatched resource for retailers, including Canopy Rivers portfolio company YSS, empowering them to make data-driven decisions based on trends unique to the Canadian market.”

To view the full press release, visit http://cnw.fm/cgW3S

About Canopy Rivers Inc.

Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.

NOTE TO INVESTORS: The latest news and updates relating to CNPOF are available in the company’s newsroom at  http://cnw.fm/RIV

About CanadianCannabisWire

CanadianCannabisWire (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.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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

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

Do you have a questions or are you interested in working with CNW? Ask our Editor

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Editor@CanadianCannabisWire.com

420 with CNW – Using Medical Marijuana in Florida Could Affect Gun Ownership

As more patients get certified to use medical marijuana in Florida, it has come to light that their use of this particular drug could prevent them from purchasing a gun if they declared that they use state-legal marijuana. This reality also applies to medical and recreational marijuana users in states where such use is legal.

When someone goes to buy a gun, he or she is required to fill ATF Form 4473. This form captures all the relevant records pertaining to the firearm you wish to purchase, including details about the buyer.

Section 11e of that form clearly stipulates that the use of marijuana remains a federal crime even if states have legalized the drug. In short, even if medical cannabis is legal in Florida, that legality is of no consequence during the purchase of firearms.

For now, many people may not yet be aware of the implication of using medical marijuana and its effects on gun ownership, but lawyers warn that people will start taking notice or being upset if their applications to buy guns are rejected or when they face criminal charges related to owning a gun when one is a user of marijuana.

However, Craig Kailimai, the Assistant Special Agent in Charge of the ATF office in Tampa, Florida says that it is unlikely that the federal government could prosecute gun owners who use medical marijuana in Florida unless the law enforcement agencies can prove that the individual poses a real threat of violence.

Kailimai is quick to add that while charges may not be instituted, it remains a crime to buy a gun if you are a user of marijuana. But, the ATF and the federal government will only pick interest in a marijuana user who conforms to state marijuana laws if such a user becomes violent or reveals violent tendencies.

Unless federal marijuana laws change, people who wish to act in accordance with the strict spirit and letter of the law could be faced with a difficult choice between taking the medical marijuana that they need to deal with their health condition, or to buy and own a firearm.

Analysts believe that marijuana industry players like Cannabis Strategic Ventures, Inc. (OTCQB: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) could be citing such contradictions between federal and state laws as they campaign for marijuana law reforms at the federal level. No one should have to choose between using medical marijuana and giving up his or her right to own a firearm in the U.S.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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Do you have a questions or are you interested in working with CNW420? Ask our Editor

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420 with CNW – Seven Oklahoma Marijuana Dispensaries Sue Facebook

It seems that Facebook is unable to decide whether it loathes or loves marijuana. At about this time last year, the social media giant was reported to be silently banning companies that were either advocating for marijuana or selling marijuana products. In October last year, Facebook seemed to have softened its stance when it announced that it would start allowing verified legal cannabis companies to use its platform for marketing or advocacy purposes.

However, all that doesn’t seem to have become a reality since many cannabis companies still complain that their content is flagged. Now seven Oklahoma medical marijuana dispensaries have decided enough is enough and have sued Facebook on the matter.

Danna Malone and her dispensary Ye Olde Apothecary Shoppe were the first to go to court alleging that Facebook, its CEO Mark Zuckerberg, the COO Sheryl Sandberg and Peter Thiel (executive team member) had placed the dispensary in what they called “Facebook jail” and prevented the legal business from posting about its shops and products.

This first lawsuit was filed in May this year. On July 18, six other medical cannabis dispensaries joined Ye Olde Apothecary Shoppe as plaintiffs in this particular case. The complaints of the additional dispensaries were similar to those of Danna Malone.

When a profile or page is taken to “Facebook jail,” that particular profile or page is temporarily disabled by the platform as a result of a perceived violation of any of the Facebook standards. The seven medical marijuana dispensaries in Oklahoma that assert that Facebook put them in “Facebook jail” want the social media giant to be compelled by court to stop blocking these businesses from promoting their shops on this platform.

The companies are also demanding for a total of $75,000 as damages for the economic losses that they have suffered as a result of Facebook’s actions.

Additionally, the plaintiffs are requesting court to compel the defendants to meet the legal fees of the plaintiffs if the seven dispensaries decide to engage an attorney to argue their case.

The petition of the plaintiffs states that “Facebook has an arbitrary, discriminatory and subjective policy which is archaic and doesn’t apply uniformly to all.” The seven dispensaries also claim that the implementation of that policy appears to be random and there is no one at the platform who can be contacted if someone or a business has a concern.

The plaintiffs say the people at Facebook “hide behind their keyboards” while deciding the punishments they should mete out upon those they feel have contravened one of their subjectively defined community standards.

The lawsuit states that on the surface, it appears that Facebook isn’t sanctioning companies in states, such as California, Washington and Oregon, which have legalized recreational marijuana.

Industry watchers believe that this case will be followed closely by cannabis industry players like Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and Chemistree Technology Inc. (CSE: CHM) (OTCQB: CHMJF) since it could open the floodgate of lawsuits by marijuana companies that feel aggrieved with the platform in different jurisdictions.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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420 with CNW – First US Marijuana Cafe Set to Open in September

Lowell Farms: A Cannabis Café is set to become the first marijuana café to open its doors to the public if its launch on September 1 this year goes according to plan. The West Hollywood Business License Commission gave the new business its final approval by a unanimous decision during a meeting that was held on July 16.

Andrea Drummer, the Head Chef of the café, said that they are proud to be the first in the U.S. to open a cannabis café. Drummer added that they take that responsibility highly, since it will set the pace for the educational and responsible use of marijuana as a food ingredient.

Drummer, a longtime cannabis advocate has authored a marijuana cookbook titled “Cannabis Cuisine: The Art of Cooking with Marijuana.” She has also served as a private chef to several celebrities, including Whiz Khalifa and Miguel. Andrea Drummer has also appeared on a number of television shows showcasing how people can cook with marijuana. These include “Cooking on High” on Netflix and Chelsea On!

The menu of the café, which will include CBD and THC-infused edibles, was designed by Drummer.

The café will have an area designated for people who don’t smoke cannabis and another area for those who smoke the drug. In the smoking area, a tableside service featuring unique strains grown by the company, will be available. A “Flower host” will be in charge of offering this service.

This “flower host” will explain the flavor profiles and specific effects of the different strains on offer before helping patrons to roll a joint. Dabs and bongs will also be available.

Representatives of the café also revealed that the establishment will have an advanced air filtration system in order to respect the interests of people in the neighborhood who may object to the cannabis smells wafting from the café.

The value of this filtration system took on greater importance when it emerged that the rabbi of a nearby synagogue had written to the license commission objecting to the planned location of the cannabis café.

The café is also taking the added precaution of planting landscaping that has been proven to absorb odors and purify air. Digital renderings of this landscaping were released to show that the café is taking every possible step to limit the impact of the establishment upon those in the neighborhood.

Drummer disclosed that the café idea has been fine-tuned over a period of four years and it was a logical next step after the push to have marijuana legalized was attained.  Industry watchers believe that the entire industry, including Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) and Cannabis Strategic Ventures Inc. (OTCQB: NUGS), will be thrilled when this café opens since it will be another step towards making cannabis a mainstream substance.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CNW420.com

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