420 with CNW – Bipartisan Bill Seeks to Protect Federal Workers Who Use Marijuana

A bipartisan bill introduced in Congress last week (March 12) seeks to shield federal employees from being fired once they test positive for marijuana.

The bill, introduced by Reps. Don Young (R-AK) and Charlie Crist (D-FL), is intended to clarify that federal workers who consume cannabis in states where it is legal cannot be held liable under federal law for testing positive for the substance.

Currently, federal employees can be summarily fired or denied a job if they test positive for THC. This blanket action happens regardless of state law.

Crist explains that the existing policy and law disproportionately impacts veterans because many of them have taken to medical marijuana in order to deal with various issues, such as PTSD and chronic pain. For such veterans, medical cannabis provides an alternative to harmful and addictive opioids.

Crist also notes that one third of the federal workforce is made up of veterans, and the law is unfair to this section of federal employees because they didn’t ask to suffer from the conditions that led them to use medical marijuana.

The bill wants to address the legal conflict that often puts veterans and other employees (or prospective employees) in a difficult position in which they have to choose between using medical cannabis and retaining their employment. No one should be forced to make that choice if medical cannabis is legal in the state where the person lives or works.

However, the bill doesn’t try to stop employers from conducting drugs tests and acting on the results if a person is suspected to have been intoxicated while on the job. Federal employees who require top secret clearance are also exempted from the protections outlined in this bill.

The previous version of this bill didn’t provide protections to individuals who used cannabis in conformity with the policies of Indian tribes. This present version includes such people.

The present bill also used the term “personnel action” when describing the protections offered. The inclusion of the term “personnel action” was intended to clarify that the bill should not be interpreted to mean that federal employees were protected from criminal action resulting from their use of marijuana.

It is hoped that this bill will be enacted so that talented individuals aren’t denied federal employment opportunities. Sugarmade, Inc. (OTCQB: SGMD) and Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) wish the sponsors of the bill success since their intention of protecting veterans and other federal employees is a good cause.

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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Savvy Companies Seizing Opportunities in Growing Cannabis Market

CannabisNewsWire Editorial Coverage: As the cannabis industry expands, companies are eyeing strategic opportunities in the sector designed to help them establish a foothold in the promising space.

  • Cannabis and related products are legal in Canada and an increasing number of states.
  • Businesses have responded with a growing range of diverse products.
  • Companies making the smartest investments, including carefully selected mergers and acquisitions, are in the best position to profit.

SinglePoint Inc. (OTCQB: SING) (SING Profile) has invested in a number of other cannabis companies to grow its portfolio and leverage its position in the market. Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) just signed of letter of intent with Malta Enterprises, the economic development agency of Malta. MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) recently wrapped up its previously announced acquisition of Kannaboost Technology Inc. and CSI Solutions LLC, two vertically integrated Arizona-based operations. Charlotte’s Web Holdings Inc. (OTCQX: CWBHF) (CSE: CWEB) reported more than 10 times growth in harvested hemp compared to its 2017 grow season. And Curaleaf Holdings Inc. (OTCQX: CURLF) (CSE: CURA) has signed a definitive agreement to acquire…

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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.

Sector ETFs Provide Diversified Entry Point for Fast-Moving Industries

CannabisNewsWire Editorial Coverage: Individuals hoping to gain exposure to the movement of the markets have two primary options: spend a lot of time and effort researching public companies, or put faith into a fund. A solid investment strategy is key to keeping pace with inflation and reaching your financial goals, but the significant risk and volatility that can come with investing in a small group of companies is a real turn-off for most part-time investors.

Increasingly, novices and seasoned traders alike are turning to mutual funds for their stability and ease of use. According to data from the Investment Company Institute, mutual funds were the most common type of investment company owned in 2018, with 44.8 percent of U.S. households owning shares of mutual funds or similar U.S.-registered investment companies – including exchange-traded funds (ETFs), closed-end funds and unit investment trusts. As Matthew P. Fink notes in The Rise of Mutual Funds: An Insider’s View, “Today U.S. mutual funds are…

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About CannabisNewsWire

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

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DISCLAIMER: CannabisNewsWire (CNW) is the source of the Article and content set forth above. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. The commentary, views and opinions expressed in this release by CNW are solely those of CNW. Readers of this Article and content agree that they cannot and will not seek to hold liable CNW for any investment decisions by their readers or subscribers. CNW is a news dissemination and financial marketing solutions provider and is NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

The Article and content related to the profiled company represent the personal and subjective views of the Author, and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. None of the Author, CNW, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment.

CNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and CNW undertakes no obligation to update such statements.

420 with CNW – Northern Michigan University Now Offers Marijuana Degree

Northern Michigan University has admitted its first lot of students for its medicinal plant chemistry degree program. The students will have a chance to major in marijuana. So far, 300 students from across the country have enrolled for this pioneer program.

Analysts predict that the legal marijuana industry will create nearly half a million jobs by 2022. Recent research shows that more than 211,000 jobs have already been created, so the half a million jobs projected by 2022 could even be an underestimate.

Northern Michigan University wants to do its part by preparing lab analysts, quality assurance directors, cannabis dispensary operators, cannabis master cultivators, and so many other professional-level jobs.

Many universities across the country, including in states where cannabis is still illegal, have added some form of training in the cannabis industry to their offerings. For example, Ohio State University and Harvard University have started training students in cannabis policy and law.

The program offered by Northern Michigan University is the first to get students a detailed training on cannabis from seed to sale. However, the students will not be working with cannabis directly.

Rather, they will study other plants like hemp and St. John’s wort. They will extract medicinal ingredients from these plants and analyze them in a lab. This training can easily be applied to cannabis.

Additionally, as part of their training, the Northern Michigan University students enrolled on the program will do internships at medical marijuana dispensaries. By the time they graduate at the end of the four-year program, the students will be ready to excel as employees or entrepreneurs in the marijuana industry.

Brandon Canfield, a professor of chemistry at Northern Michigan University, revealed that the idea of the program came to him when he was attending a cannabis event and heard industry players lamenting that they aren’t getting the skilled employees that they need.

That conference led Canfield to propose that the university starts a major in therapeutic plant chemistry, and the course was born. Canfield is convinced that the graduates of the program will have an easy entry into the cannabis industry, with some of them even earning more than $70,000 a year right after graduation.

Grace DeNoya, one of the pioneer students on the program, agrees that the cannabis industry offers opportunities that no other industry may be offering at the moment. Getting in now as the industry is just taking off promises to be an exciting prospect with huge opportunities in the years to come.

Sugarmade, Inc. (OTCQB: SGMD) and Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) congratulate Northern Michigan University for being proactive and doing what they can to respond to the demand created by the 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 – Iowa Poll Shows Widespread Support for Expanding Medical Cannabis Program

A recent poll sponsored by Mediacom and Des Moines Register has found that more than three-quarters (78 percent) of Iowans want to see the medical cannabis program expanded in order to ease access to this new program.

Iowan adults voiced their support for suggestions that more qualifying conditions should be included in the law that established the medical cannabis program. The proposed expansion would also include increasing the number of shops from which medical marijuana can be bought.

Iowa’s medical cannabis program was launched last year in December with just five dispensaries and one manufacturer allowed to operate within the state. The dispensaries sell cannabis oils, capsules and creams. So far, only 1,200 Iowa patients have received the nod to use medical cannabis in the state.

The Iowa Poll also showed a record level of support for the legalization of recreational cannabis. The poll conducted early this month found that there was an equal proportion of Iowans who wanted to see an end to prohibition and those who opposed it.

The figures stood at 48 percent in favor of legalization while another 48 percent didn’t want recreational cannabis allowed in the state. Four percent of the participants in the poll were not sure whether prohibition should be ended or not.

The Iowa Poll has been tracking the sentiments of Iowans about cannabis legalization since 2010. This year’s poll shows a huge jump in support from the 39 percent who expressed support for legalization last year to the 48 percent expressing the same sentiment this year.

This poll results have come out at a time when Iowa lawmakers are considering proposals to expand the medical cannabis program.

One of the changes that is being considered by the senate committee is a proposal to allow medical professionals to recommend the use of medical cannabis for any condition that they think can be alleviated or treated using marijuana. This would be a major change from the current position where the medical marijuana law provides a list of the conditions for which a patient can apply for a medical marijuana card.

Another change that is being considered is to allow nurse practitioners to certify patients as well. Under the current law, only physicians can certify patients who wish to join the medical cannabis program.

The sole manufacturer (MedPharm) has also been lobbying to have the legislators lift the three percent THC cap on medical cannabis products. This restriction may be harder to change since legislators are wary of “opening the door” to cannabis addiction and abuse if THC levels are allowed to get higher.

Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) applaud the legislators in Iowa for being willing to modify the medical cannabis program so soon after its launch.

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 Considers Amendments to Improve Access to Medical Marijuana

As North Dakota inches closer to making medical marijuana available to residents, a number of proposals have been brought before the legislature in order to make it easier for patients to access the drug once it becomes available.

One of the most important proposals being considered seeks to include physician assistants among the medical professionals that can certify patients who need medical marijuana cards. The current law only permits advanced practice nurses and physicians to certify patients.

Adding physician assistants to this list would give patients a wider scope of professionals that they can contact for a recommendation.

Another major change that is proposed entails removing the requirement compelling doctors to assert that the patient being recommended will benefit from consuming medical cannabis. This certification requirement has been a major stumbling block in the way of patients who want a recommendation because doctors were uneasy about committing to the efficacy of a drug for a given health condition in the absence of sufficient research backing up the suitability of treating such a condition using medical marijuana.

If the change is adopted, doctors will only be required to state that medical cannabis may help the patient having a qualifying condition. It is hoped that more patients will be able to get recommendations once this change is made.

State statistics show that just about 100 patients had secured medical cannabis cards from October last year when applications started being received. This dismal number was largely due to the reluctance of doctors to certify patients based on the guidelines set in the law passed in 2016.

There is another proposal to include cannabis edibles among the different forms of cannabis that patients can access. This addition is likely to be a welcome one, especially for patients who are uneasy about smoking marijuana. Edibles are more discreet.

While lawmakers are considering proposals to expand the list of qualifying conditions, some advocates are campaigning for a different approach to this matter. They say that it is more sustainable to give the Department of Health the authority to add to the list of qualifying conditions as more research becomes available instead of having to amend the law whenever additional conditions need to be included on that list.

The call of the advocates seems reasonable, because it allows the list of qualifying conditions to grow continuously without the lengthy procedures of the legislative process.

All in all, it is good that the legislature is fine tuning the law so that the beneficiaries (patients) aren’t subjected to any avoidable inconveniences. Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) and Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) welcome these changes that will ease access to medical cannabis.

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 – Minnesota Legislators Introduce Marijuana Legalization Bill

Three legislators in Minnesota have introduced a bill that is intended to legalize recreational marijuana for adults in the state. Two senators (Scott Jensen and Melisa Franzen) and House Rep. Mike Freiberg are the brains behind this bill that was introduced on Monday this week.

The bill seeks to allow adults over 21 years of age to possess, grow and consume cannabis within the state. The state would also set up mechanisms through which the industry can be regulated in order to ensure that all activities conform to set standards during the cultivation, processing and marketing of marijuana. Special attention would also be devoted to preventing teens from accessing cannabis.

Frieberg released a statement in which he said that the prohibitionist laws of Minnesota were outdated and caused more problems rather than fixing the problem of drug abuse. He added that creating a regulated market would get rid of the criminals currently selling the drug and regulated sales would also bring revenue to the state while reducing the potential harm of marijuana to consumers.

Rep. Frieberg also said that it was time to start having a debate on marijuana in the state in order to come up with an appropriate model that will end cannabis prohibition.

In the bill, the Department of Health would be responsible for regulating cannabis dispensaries in the state. The department would also make sure that cannabis regulators establish a system that oversees the entire cannabis value chain from the time a seed is planted to the time the finished product is sold.

The bill will also allow the state to expunge certain cannabis arrests from the criminal records of those who qualify for such a reprieve. Under the bill, approximately $10 million from the cannabis tax revenue will be spent n the impoverished communities that have been affected the most by the prohibitionist laws. Millions of dollars would also be directed towards mental health programs each year in addition to funding education campaigns on drug use by teens.

The Marijuana Policy Project estimates that Minnesota can earn about $200 million to $300 million from marijuana taxes each year.

Currently, 10 states and Washington D.C. have legalized recreational marijuana while 33 states have legalized medical marijuana. Minnesota therefore will have a large pool from which to draw experiences when finalizing its marijuana law.

However, it may be a while before a final law is passed since the Senate’s Majority Leader (Paul Gazelka) said that the most that can happen during this legislative session is to have an informational hearing.

All the same, cannabis industry players like Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPWRF) and Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) hope that the discussions will be objective and culminate in a decision that is in the best interest of Minnesotans.

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 – US Virgin Islands Passes Medical Marijuana Law

On Tuesday last week, Gov. Albert Bryan Jr. signed a bill that legalized medical cannabis in the U.S. Virgin Islands. This brings to an end a long process that started with a referendum in favor of medical cannabis in 2014. 56.5 percent of the voters agreed that medical cannabis should be legalized and regulated.

Senator Positive Nelson then drafted a bill to actualize medical cannabis in the jurisdiction but the bill didn’t sail through the legislature. He persisted in bringing new bills during each legislative session until the most recent one passed in December last year and was assented to by the Governor a week ago.

Gov. Bryan Jr. had stated during his campaigns that he supported the legalization of medical cannabis, so putting his signature on the bill was a foregone conclusion as long as the bill passed on the floor of the Legislature. The Governor was also aware of the economic benefits that would accrue once medical cannabis is legalized.

The Medical Cannabis Patient Care Act states that patients need to get a recommendation from a doctor before consuming medical cannabis. The law also establishes the Office of Cannabis Regulation, the agency that will be charged with licensing and overseeing the medical cannabis industry.

The patients who reside in the Virgin Islands will be allowed to have up to four ounces of marijuana flower while those who aren’t residents will have a possession limit of three ounces. The Office of Cannabis Regulation will set the limits for the other cannabis products in due course.

The law also listed a number of health conditions for which patients can get a doctor’s recommendation for medical cannabis. These include neuropathic pain, diabetes, traumatic brain injury, HIV/AIDS, ulcerative colitis, muscle spasms, PTSD and so many others.

Medical marijuana advocates applauded the action taken by the Legislature and Gov. Bryan in passing this vital law. Patients who badly need alternative remedies for their conditions will soon access marijuana legally within the Virgin Islands.

It is expected that draft rules for the medical cannabis industry will be in place within four months after the enactment of the Medical Cannabis Patient Care Act.

What is left is for the regulations to be made so that industry players can start getting ready to cultivate, manufacture and distribute medical cannabis to the licensed dispensaries. It is hoped that this next phase will not drag out in the same way that passing the law did after the referendum of 2014. The Flowr Corporation (TSX.V: FLWR) and Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) wish the U.S. Virgin Islands a speedy implementation of their medical cannabis program.

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

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420 with CNW – Ontario to Select Cannabis Retailers Using a Lottery

Did you, in your wildest dreams, ever imagine that the start of your business venture would depend on the outcome of a lottery? Well, that is exactly the fate awaiting cannabis retail license applicants in Ontario, Canada. The provincial government led by the Progressive Conservatives has decided to use a lottery to select the first 25 private entities that will be allowed to open marijuana retail businesses.

Previously, the province had resolved to sell recreational cannabis in government-run retail outlets only. However, the change of government towards the end of the year resulted in a modification of that plan, thereby giving private players a chance to take part in the retail segment.

That change of government, and the resultant decision regarding how cannabis will be sold, led to a delay of the start of retail sales in brick and mortar outlets. For now, residents of Ontario can only buy cannabis from the online stores that have been operating since legalization took place on October 17.

The retail license applicants should not worry that the lottery equipment will be rigged. The system to be used during this lottery (that can make or break businesses) is the same system used by AGCO (Alcohol and Gaming Commission of Ontario) to test all slot machines before they are installed for use in casinos.

This particular lottery comes at a steep cost for those who want to participate. First, they were required to pay $75 as an application submission fee. Additionally, the applicants also forked out $4,000 as a retail authorization fee in addition to another $6,000 as payment for a retail operation license. To crown it all, each applicant was required to present a $50,000 letter of credit to prove that they had the financial ability to operate a cannabis retail outlet.

The applications were submitted between January 7 and January 9. AGCO will select the winners tomorrow (January 11). This round of the selection process excluded LPs (Licensed Producers of cannabis) in order to prevent a single entity from controlling the retail market.

AGCO had also warned that only serious entities or individuals should enter this lottery because stiff penalties will be imposed on those who don’t open their businesses by April 1. For example, a fine of $12,500 will be imposed if they don’t open their outlets by that date. A similar fine will apply if the business isn’t operational by 15th, and then a larger fine of $25,000 will have to be paid if the month ends when a licensed business hasn’t opened its doors to the public. In short, prepare to pay a fine of $50,000 if April 30 finds that your retail business isn’t operational.

Meanwhile, the supply shortages don’t show any sign of ending, and that is why AGCO decided to issue only 25 retail licenses instead of the 40 they had originally wanted to issue. Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) and other players like Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTCQX: SPRWF) hope the supply issues get resolved so that offline retail sales can take off without a hitch in Ontario.

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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 That Veterinarians Want Cannabis Legalized for Pets

A recent survey has discovered that the majority of veterinarians want the laws on marijuana relaxed for both pets and humans. Many of those who participated in the survey felt that they were fairly informed about the medicinal use of marijuana, but they lamented that state veterinary associations or boards aren’t providing guidance to keep their members informed about how to handle the subject of cannabis for pets with clients.

The study, whose findings were released in Frontiers in Veterinary Studies (a respected industry journal), had more than 2,100 certified veterinarians sharing their views.

The researchers observed that just under five in 10 of the practicing veterinarians who took part in the survey revealed that they didn’t feel at ease discussing marijuana with pet owners. This hesitation was more noticeable among the veterinarians who had recently graduated, and were therefore new to the field.

Only eight percent of the respondents said that they had never been asked by a pet owners about CBD products for pets.

A significant proportion of the respondents (66 percent) admitted that they would never recommend marijuana for dogs while approximately five percent revealed that they routinely recommend CBD to dog owners.

Two key reasons were given to explain why the veterinarians were uncomfortable recommending marijuana to pet owners. First, 65 percent of the veterinarians felt that more research on the subject was needed. Secondly, 53 percent were reluctant because of the legal issues surrounding marijuana.

CBD was either recommended or discussed for pain management, fireworks or storms phobias, seizures or anxiety.

A huge majority (82 percent) of the study participants said that CBD should be removed from Schedule 1 while 70 percent of the respondents want marijuana rescheduled from where it is currently classified (Schedule 1).

The authors of the study wrote that the existing laws, and the polarization between marijuana advocates and those opposed to it, have made it hard for veterinarians to feel at ease when discussing marijuana with pet owners.

The authors therefore called on state veterinary boards and state veterinary associations to be more forthcoming with actionable guidance to veterinarians so that these professionals aren’t on their own when responding to queries from their clients.

The voices from different groups (alcohol retailers, mayors, etc.) are getting louder in their demands for marijuana law reform at the federal level. This survey of certified and practicing veterinarians is yet another addition to those calls. How long will the federal government wait before it listens and acts accordingly? Participants in the industry, such as Supreme Cannabis Inc. (TSX.V: FIRE) (OTCQX: SPRWF) and Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) hope that federal action is seen sooner rather than later so that even players outside the U.S. don’t have a cloud hanging over their heads.

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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
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303.498.7722 Office
Editor@CannabisNewsWire.com