420 with CNW – First Marijuana Hearing Scheduled in Congress

In the past, all the bills and measures related to cannabis have been voted out by a Congress that was dominated by Republicans. Now the Democrats have control of the House, and the first hearing on cannabis has been scheduled for tomorrow (February 13).

This particular hearing is slated to consider making legal changes to federal laws so that cannabis businesses can access banking services.

The hearing is titled “Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses.” This hearing is intended to address the problems that legitimate marijuana-related businesses face when trying to access banking services.

For example, while state-level laws may permit cannabis businesses to open and operate in these jurisdictions, federal laws govern the banking industry and these federal laws don’t allow players in the banking industry to do business with firms involved with cannabis.

Many cannabis businesses have therefore been left with no choice but to operate on a cash basis, and stories abound of businesses that keep their earnings in sacks. In some places, unions and some banks have defied the federal government and decided to take on marijuana businesses as clients.

Even then, only limited banking services are provided by those few banks or unions that decide to accept marijuana businesses as clients. This has constrained the ability of cannabis businesses to obtain credit or even get basic banking services affordably.

It should be remembered that federal banking laws impose strict reporting requirements upon any financial institution that works with a company that is involved in an industry that is regarded as illegal. These reporting requirements inflate the cost of getting banking services.

Congressman Denny Heck, who has been an advocate of the cannabis industry for years, revealed that the hearing plans to address those issues so that the cannabis industry can handle its finances in a way that can easily be tracked by regulators for different purposes, such as ensuring that these businesses are paying their taxes as expected.

This hearing is one of the signs that cannabis may be a major issue during this legislative session. This is a positive step that hasn’t come too soon given the fact that the majority (33) of the states in the union have legalized marijuana, including at least 10 states that now allow recreational marijuana.

It makes sense that federal laws need to be reformed so that there is some kind of alignment between what is happening in the different states and the position of the federal government. Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G), Sugarmade, Inc. (OTCQB: SGMD) and everyone in the marijuana industry is waiting with bated breath to see what will come of this hearing tomorrow.

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 – Another Cannabis Lounge Set to Open in Denver

Vape and Play, a social club that will allow patrons to consume marijuana in its premises, is due to open on February 18 in Denver. This will be the second lounge in the city where one can consume marijuana.

Such businesses are geared at addressing one of the biggest challenges that has existed since recreational cannabis was legalized in Colorado: where can one consume cannabis after buying it?

These businesses want to give cannabis users a place that is a little more than a smoke-filled room from which to consume their cannabis. In fact, Vape and Play aims to provide a venue that is “better than your living room.”

Megan Lumpkins, the Chief Operating Officer of Vape and Play, says that it was hard to come up with a business model for their establishment since such places don’t usually sell marijuana, yet they can’t just say “we have a seat where you can come and use the cannabis you just bought.”

Vape and Play has decided to adopt the model of an event venue where cannabis consumers will be charged an entry fee for two or so hours during which they can enjoy a comedy show or attend a fitness class while consuming their cannabis.

Such an approach may give their target market a valid reason to visit the venue since clients will be able to socialize as they use cannabis.

Lumpkins added that she hopes that other marijuana lounges or venues will open so that Denver can become a cannabis tourism destination where visitors can have a variety of experiences to enjoy while in the city.

The only other consumption lounge in the city is The Coffee Joint which was opened in March last year. The difference with this lounge is that the owners have a cannabis dispensary right next to it, so clients can buy their marijuana and then head to the consumption lounge.

It hasn’t been an easy ride to securing a license to open Vape and Play. The proprietors have had to jump through numerous hoops for over two years before they finally got approval for the business. This challenge could explain why this type of business hasn’t grown in the area despite the decision of voters in 2016 to permit consumption lounges.

Vape and Play plans to give visitors wristbands of different colors based on how much experience each visitor has with consuming cannabis.

For example, a seasoned user will be given a black wristband after completing a survey at the entrance. A “vape tender” will look at the armband of each guest and tweak the temperature setting of one of the custom vaporizers at the venue in order to allow that visitor to vape cannabis whose strength is equal to his or her experience level (a higher temperature setting gives a higher THC concentration in the vapor, for example).

The innovations brought by Vape and Play are welcome news to the entire cannabis industry, including Sugarmade Inc. (OTCQB: SGMD) and Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G), since such innovations contribute to the growth of cannabis culture.

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 – Washington Legislators Make Another Attempt at Legalizing Cannabis Homegrows

Washington State still remains as the only state where recreational cannabis is legal but residents aren’t allowed to grow the plant for their own use. However, this may change if the two bills introduced in the state legislature are passed, thereby allowing adults to grow a maximum of six plants for their own use.

Previous attempts to pass similar bills have met with failure, so it isn’t a foregone conclusion that the attempts this year will bear fruit.

The key difference this time round is that the two bills have bipartisan support, at least when the list of sponsors is analyzed.

One advocate of growing cannabis at home, John Kingsbury, revealed that he has been approaching numerous legislators to ask them to support the new bills. Many revealed that they couldn’t sign their names against the bills, but promised to vote in favor of the bills should they ever reach the floor of the legislature.

This new set of bills seeks to eliminate the restrictions that were proposed by regulators at the Liquor and Cannabis Board (LCB) in 2017 when proposals to allow people to grow cannabis at home were first suggested.

Those restrictions included a cap of four plants for homegrows. The LCB also wanted people to obtain a mandatory license from the state if they wanted to grow cannabis at home. There was even a suggestion that mechanisms should be instituted to track a cannabis plant throughout the state!

The new bills propose that adults can grow a maximum of six plants and there will be no need to obtain a permit or to track the plants grown by each adult.

Critics of plans to allow residents to grow their own cannabis claim that allowing such a practice would expand the black market for marijuana and that it will be hard to regulate the industry.

However, those in favor of the proposals counter that Washington is learning from the experience of other states and can therefore pick what to apply and what to avoid. For example, the six-plant limit is a valuable requirement since it sidesteps the mistake made by Colorado when it initially allowed residents to grow up to 99 plants, a move that allowed this legally grown crop to end up on the illicit market.

Additionally, the legalization of homegrows would curb the black market since residents would resort to consuming their own produce if retail outlets and medical cannabis dispensaries ever developed shortages.

The cannabis industry, including Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) and Sugarmade, Inc. (OTCQB: SGMD), is watching how the bills will be debated and voted on, if they get to that stage.

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 – Israeli Parliament Approves Export of Marijuana

The Israeli parliament voted unanimously in favor of a bill that would pave the way for Israel to start exporting medical cannabis. The approval of this bill by cabinet would allow Israel to be the third country in the world (following the lead of the Netherlands and Canada) to tap into the global medical marijuana market.

iCAN, an Israeli company that specializes in medical cannabis, welcomed the decision in parliament and added that the global medical cannabis market is likely to be worth $33 billion within the coming five years as the stigma directed at marijuana melts away.

This growing demand is likely to be entirely met by the few countries which have passed regulations to certify medical cannabis exports. For example, South Korea recently passed a medical marijuana law, and imports will only be accepted from countries that have approved cannabis products for medical use. Israel is now one potential source for medical cannabis for the South Korea market.

The stock market in Israel welcomed the news of the passing of this bill and cannabis companies registered massive gains (up to 10 percent) late on Tuesday (December 25) as the bill was passed.

However, the passing of this law didn’t come easily. For several years, the draft bill lay in limbo as there was massive opposition from law enforcement towards its enactment. The authorities were apprehensive that a significant portion of the medical marijuana which is exported may find its way onto the global black market.

To address these concerns, the framers of the bill added provisions that gave the Israeli police authority to supervise how medical cannabis export licenses are issued. The law imposes strict regulations upon the exporters, and those who violate that law face huge fines and prison time.

The Israel Securities Authority (ISA) immediately appealed to investors to avoid rushing to put their money in marijuana companies just because legislators had passed a law permitting medical cannabis exports. This appeal was similar to the appeal ISA issued regarding cryptocurrencies approximately one year ago.

The bill permitting the export of medical cannabis was passed just before parliament took a break so that preparations for the early elections called (due in April next year) can take place. Any additional delay would have compelled the House to postpone debate and voting on the bill until after the elections.

The export market is important to Israeli cannabis companies since the domestic market isn’t large enough to keep them growing and thriving. What is now left is for cabinet and Benjamin Netanyahu to approve the bill. However, there is some apprehension that the Prime Minister may avoid playing his hand on this controversial topic until after the elections on April 9, 2019.

Sugarmade, Inc. (OTCQB: SGMD), Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and other parties in the cannabis industry welcome the decision in Israel since it will add depth to the existing players at the global 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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California Cannabis Market Offers Growth for Cultivation Suppliers as Authorities Tackle Licensing Backlog

CannabisNewsWire Editorial Coverage: Growth in the Californian cannabis industry, currently restricted by licensing delays, is expected to accelerate over the coming months, bringing profits for suppliers of cultivation equipment.

  • California is one of the largest recreational cannabis markets in the world.
  • Recent delays in issuing cannabis licenses in California seem to be approaching an end.
  • Outside California, the growing global reach of the cannabis industry is drawing interest from significant international investors.

Sugarmade, Inc. (OTC: SGMD) (SGMD Profile) is one of the companies set to profit from this acceleration, thanks to its sales of hydroponic equipment to cannabis cultivators. Tilray, Inc. (NASDAQ: TLRY) is looking forward to a presence in Latin America after recently establishing a subsidiary in Chile. Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) has drawn billions of dollars in investment from a beverage giant, while Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) has benefited from a similar move from big tobacco as those industries’ big names look to get involved in…

Read More >>

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.

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420 with CNW – Utah Seeks Cannabis Program Manager After Prop 2 Passes

The Mormon Church, lawmakers and other stakeholders formulated a compromise bill to legalize medical marijuana long before Prop 2 was voted on in the midterm elections. This compromise deal enabled the different factions to cede some ground on their hard stance about medical marijuana and Prop 2 became a pawn to shape how the final legislation would appear depending on which side won the polls.

Now the polls are over and a law is in place to operationalize the medical cannabis program. In light of this development, Utah published an online advert calling for interested individuals to apply for the job of “Cannabis Program Manager”.

The time within which applications can be submitted is slowly ticking away and the deadline is literally hours away. The job is a hefty one, since the selected candidate will spearhead the establishment of a system to regulate not just medical marijuana but industrial hemp as well.

Hemp cultivation was permitted under the recently passed Hemp Farming Act of 2018, so the Cannabis Program Manager has his or her work cut out.

Among other things, the person selected will be expected to have the ability to “navigate highly stressful and political circumstances” in the course of executing his or her duties. This candidate requirement is a reflection of how sharply divided the population is regarding marijuana despite legalization.

The ideal candidate is also expected to have stellar academic qualifications that will enable him to be the go-to expert on all matters cannabis and industrial hemp.

That person will provide training and leadership to the staff charged with inspecting and enforcing the provisions under which medical cannabis became legal in the state.

It is noteworthy that that Utah opted to select an individual to head the medical cannabis program. Many other states place this responsibility in a commission or other such body where several people at the same seniority level share the responsibility of overseeing such programs.

It remains to be seen how the Utah program will pan out under the direction that they have chosen. Actually, that individual may do a better job than boards since he or she will know that the buck starts and stops at his or her desk regarding the successful implementation of the program. All that is therefore left is to put the right person in office without bending to the wishes of one group or the other since the politicking time has long elapsed and work must be done.

Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and other cannabis sector participants like Sugarmade, Inc. (OTC: SGMD) wish the person selected to head the Utah program all the success in the new office.

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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 – Smoking Cannabis Makes You Less High than Vaping It, Study Finds

As the law and people’s attitude towards marijuana gradually eases up, questions are emerging about how the different methods of consuming marijuana compare against each other. Well, scientists at Johns Hopkins University School of Medicine sought to answer that question by looking into how vaping cannabis differs from smoking it.

With just 17 participants, this study can be aptly described as a small one. However, its findings cannot be discounted when one considers the thoroughness invested in investigating what the researchers had set their minds upon.

First, the study participants were recruited on the basis of being healthy and having abstained from marijuana for at least a month prior to the study. There were eight women and nine men selected for the study.

These selected participants were then given marijuana at varying levels, that is, at concentrations of 0 milligrams (placebo), 10 milligrams and 25 milligrams. This marijuana was given a week apart, and the participants had to consume it within an eight-hour window.

The researchers then subjected the participants to psychomotor and cognitive function tests, tested how much THC was present in their blood, and then recorded their vital signs (pulse, blood pressure, etc.).

Additionally, the study volunteers were asked to complete a questionnaire in which they reported their subjective assessment of how they felt after consuming the cannabis. For example, they were asked to state whether they felted nauseated, anxious, restless or motivated.

The researchers discovered that vaping appeared to trigger stronger effects among the study participants when compared to smoking marijuana, and this was given further credence when lab tests showed that the level of THC in the blood of the participants was higher in the samples taken after they had vaped the substance.

Other scientists who reviewed the findings commended the researchers for focusing on infrequent users of cannabis since all other research centered on regular consumers. Additionally, the methodical approach taken also attracted acclaim.

However, some observers wondered whether the use of pipes to smoke marijuana could give results that were representative of the marijuana joints (cannabis rolled in a paper) that are commonly smoked.

Furthermore, the study participants were asked to vaporize their marijuana three times in quick succession in order to complete their “dose” for the day. This may differ from what people normally do, that is, vaporize once before taking a long break. Consequently, the study could have brought out the extreme effects that are rarely seen among normal users.

Nevertheless, the study provides valuable information that will be useful to particularly individuals taking medical marijuana. This is because such individuals can adjust the dosage based on the method of use. Cannabis companies like Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and Sugarmade, Inc. (OTC: SGMD) certainly appreciate the insights provided to users and the industry by the research at Johns Hopkins.

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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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Hemp Industry Sees Profitable Harvest as Farm Bill Approaches Finale

CannabisNewsWire Editorial Coverage: With the end in sight for the 2018 U.S. Farm Bill, which contains provisions likely to grant hemp full agricultural legalization, and revenues from existing hemp products rising, hemp farmers are seeing reasons for excitement this fall.

  • The Farm Bill is set to finally pass through Congress in the near future.
  • Predicted hemp revenues for the next few years are soaring.
  • Hemp is doing particularly well in states with supportive politicians, such as Kentucky.

Sugarmade, Inc. (OTC: SGMD) (SGMD Profile) has made the most of this opportunity through investment in Hempistry, a hemp cultivator with big plans for expansion. The popularity of cannabidiol (CBD) products means that hemp may soon surpass the value of other cannabis products, which is providing strong profits for companies such as Tilray, Inc. (NASDAQ: TLRY). This popularity will likely to lead to growth in the food and beverage industry, one reason why Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) has received substantial investment from that sector. HEXO Corp. (OTC: HYYDF) (TSX: HEXO) plans to increase its 310,000 square feet of cannabis cultivation space to almost 1 million square feet by the end of the year. Meanwhile, Aphria (NYSE: APHA) (TSX: APHA) is developing new products to tap into…

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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.

Cannabis Boom Fuels Mergers and Acquisitions in Hydroponics and Beyond

CannabisNewsWire Editorial Coverage: The rapid growth of the cannabis sector is pushing companies to innovate expansion strategies.

  • Among the companies affected are hydroponics suppliers, which sell vital equipment to cultivators.
  • Hydroponics companies, like others in cannabis, are using mergers and acquisitions to benefit from a bullish market.
  • A recent trade show in Las Vegas saw companies on the hunt for future acquisitions.
  • Other companies are seeking outside investment or partnerships to increase their presence.

Hydroponics supplier Sugarmade, Inc. (OTCQB: SGMD) (SGMD Profile) has leaned into the current trend for mergers, with a big acquisition and open plans for future growth. Tilray, Inc. (NASDAQ: TLRY) is focusing on research and design, using public offerings to finance this work. Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) has gained $4 billion in investment from a beverage company, an investment some believe will lead to a takeover. Both Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) and Aphria (NYSE: APHA) (TSX: APHA) are relying on diverse strategies, including…

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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)
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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.

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 – 3 House Bills Seek to Reform Cannabis Policies for US Veterans

A team of Republican and Democratic lawmakers revealed that they will be tabling three bills aimed and reforming the different marijuana policies that affect veterans in the country. The bills, if enacted, would formalize the protections offered to veterans who seek medical marijuana as an alternative to opioids as well as create mechanisms for such options to be implemented in a safe way.

The first proposed bill is titled “Department of Veterans Affairs Policy for Medicinal Cannabis Use Act 2018”. The intention of this bill is to amend and codify the existing policy at the VA office through which veterans are protected from any adverse consequences in case their healthcare providers learn that the veterans are using medical cannabis.

This new bill plans to clarify what the roles and responsibilities of veterans/patients and their healthcare providers are on the subject of medical cannabis. The bill would also require that the policy is displayed prominently at all facilities set up by the Department of Veterans Affairs.

The second bill is titled “Department of Veterans Affairs Survey of Medicinal Cannabis Use Act 2018”. This bill seeks to make it possible for research to be done by the VA department in order to get concrete information about how veterans are seeking and using medical cannabis.

Such information can be vital in designing interventions which will help the veterans to get medical cannabis in a way that doesn’t compromise any other treatment which they may be receiving for their conditions. The bill is informed by the fact that just over a fifth of all veterans have used some form of medical cannabis, so the process needs to be understood by the authorities.

The third bill is titled “Department of Veterans Affairs Medicinal Cannabis Education Act 2018”. The purpose of this bill is to make it possible for the Department of Veterans Affairs to create partnerships with medical universities that are conducting training on medical cannabis. Such a partnership would help to educate primary healthcare providers about medical cannabis so that veterans benefit from that better understanding of how medical cannabis can be added to the other treatment plans of veterans. This education would take the form of continuing education.

As you can see, the bills are well-intentioned and they deserve a favorable treatment by Congress. It remains to be seen how they will be received and the final form in which they will be passed, if they get to that stage. Cannabis industry players like Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) and Sugarmade, Inc. (OTCQB: SGMD) have a high regard for all veterans and hope that the bills make it through so that the veterans can access medical cannabis in a formal way.

More from CannabisNewsWire

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