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Cannabis and the 2020 Election

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Next month, five states will be voting on seven ballot measures to legalize cannabis. A variety of proposals, including constitutional amendments, statutory initiatives, and alternative measures, could establish new medical cannabis markets in two states and expand legalization to include adult use legalization in four states. Three of these proposals would enshrine cannabis possession and consumption within state constitutions.

This article will explore the proposals themselves as well as the short-term implications of legalization on existing license holders and the industry.

2020 cannabis ballot measures policy focus

State-by-State Review

Arizona

Arizona voters have another opportunity to legalize cannabis next month, after narrowly defeating adult use legislation four years ago. In recent years, the Copper State’s medical cannabis market has seen significant MSO expansion, and new mandatory testing requirements launch at the beginning of November.

There are roughly 150 medical cannabis licenses in the state currently — all of which would receive priority status in the application process for adult use licensing. Additionally, diversity applicants and applicants in areas currently lacking cannabis retail access would be fast-tracked applicants.

Prop. 207 does include local control and opt-out provisions, and a new 16% tax would direct revenue to a variety of funds, while retail operators would be able to launch delivery services as soon as 2023.

Mississippi

Mississippi could become the 34th state to legalize cannabis for medical use, but two competing measures are creating complications on the ballot. A citizen-driven campaign led to the placement of Initiative 65, while the legislature responded with Alternative Initiative 65A.

Initiative 65 establishes a medical cannabis program similar to the program structure of many other states; with clearly defined qualifying conditions, possession limits, taxes, registration fees, and a regulator — the state health department. The alternative includes no definitions and only allows smokable cannabis products for terminally ill patients, leaving a highly restrictive market requiring enabling legislation.

Previous bills have been proposed, but never brought to a vote — leaving some skeptical that anything at all may come of Initiative 65A.

Montana

Montana’s existing medical cannabis program relies on a system of caregivers who cultivate cannabis and make manufactured products, including edibles and concentrates. Additionally, there is a limited number of licensed dispensaries throughout the state. Legalization would be a major evolution for Montana, which has seen multiple ballot initiatives and legislative interventions in recent years.

Two measures have been placed: one constitutional amendment to set the age of 21 as the minimum buying age and a measure to establish a commercial adult use market. While no early sales provisions are included, Montana companies would be the only businesses able to start sales for the first year after legalization.

New Jersey

New Jersey voters may make history, legalizing the adult use of cannabis and triggering a race among Mid-Atlantic states to implement sales first. While all of New Jersey’s neighbors have existing medical cannabis programs, none have taken steps to expand further. In recent years, numerous regional state legislatures have attempted to legalize, and Public Question 1 may tip the scales for an entire region with over 50 million residents.

The text of the amendment is brief, but it establishes a definition for ‘cannabis’ while permitting possession, use, and industry operations for adults ages 21 and up. The existing Cannabis Regulatory Commission would be tasked with regulating the industry, but the state legislature must first come to an agreement and pass enabling legislation.

Currently, New Jersey’s medical market includes roughly fifteen licenses, including cultivation and manufacturing, as well as a limited number of dispensaries. The next phase for cannabis in NJ is uncharted territory for now: it is unclear if existing licenses will be given the first opportunity to serve the general public.

Given licensing delays and a slow rollout in Illinois, lawsuits and delays could be in New Jersey’s future — with some analysts suggesting a four-year timeline from amendment passage to full implementation. This may be good news for MSOs, including Columbia Care, Verano, and Acreage Holdings, among others.

South Dakota

South Dakota has long been unfriendly to cannabis in all forms and has some of the nation’s strictest marijuana possession penalties. While other non-medical states have at least given a nod to low-THC medical hemp programs, the Mount Rushmore state hadn’t established any kind of hemp or cannabis program at all until the legislature passed industrial hemp legalization this past spring.

Now, the state could make history as the first to legalize cannabis for medical and adult use purposes at the same time. Two proposals are on the ballot: an initiated measure to launch a medical cannabis program, and a constitutional amendment to fully legalize cannabis, with provisions including adult use, a medical program, and expanded hemp legalization.

Medical use is enshrined in both proposals, while the constitutional amendment would prevent the legislature from any type of statutory tampering to limit a retail market. The constitutional amendment would establish a commercial market for both adult use and medical purposes. Medical use would include home cultivation. As there is no cannabis market in the state at this time, no businesses would be able to take advantage of “early sales” provisions, as seen in other states.

Analysis

Previously, medical cannabis programs and commercial licensing schemes predated adult use legalization, and the majority of these proposals came into existence by way of the ballot. In most of the earliest states to fully legalize, this was the case: Colorado, Washington, Alaska, Oregon, California, Massachusetts, and Nevada all had some form of voter-approved medical cannabis legislation first.

Implementation of adult-use legalization has, however, varied across the states. In these proposals, Arizona, Montana, and New Jersey have existing medical cannabis infrastructures, but the implementation of adult use will likely lead to program changes.

Some legalization measures have allowed for existing medical dispensaries to launch sales to adults during a period of late-stage rulemaking. These businesses have operated under modified compliance rules, with track-and-trace requirements and varying tax rates until legalization rules are completed.

After Oregon voters approved legalization in 2014, the state’s medical market rapidly expanded with early sales on the horizon. At one point, there were more medical dispensaries in the state than Starbucks or McDonald’s locations. That number later dropped as businesses converted their licenses over.

For some of the states with legalization on the ballot this year, the transition out of medical will pose challenges: product shortages, long customer lines, new tax rates, uncertainty over product offerings, and testing requirements on top of an already difficult pandemic business environment.

Overall, legalization measures promise to bring a significant impact to consumers and patients in Arizona, Mississippi, Montana, New Jersey, and South Dakota. It’s hard to quantify the short-term improvements to consumers and industry operators, as passage of these initiatives will set off a flurry of legislative and regulatory discussion over the holidays and into the spring. Existing licensees and hopeful applicants should keep an eye for new opportunities: public comment periods, application deadlines, and new sales opportunities on the horizon.

Source: https://cannabiz.media/cannabis-and-the-2020-election/

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GreenheartCBD Founder Paul Walsh named to the All-Ireland Business All Star List

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Greenheart, the leading licensed Irish sustainable producer, is delighted to announce that company co-founder and visionary Paul Walsh, has received a Thought Leadership award for innovation, technology, and sustainability, from the All-Ireland Business Foundation All-Star Ireland awards.

This prestigious accolade is given to a very small number of leading business innovators and visionaries in Ireland each year. The award follows closely on Greenheart’s own accreditation by the All Ireland Business Foundation. This accreditation is an outstanding achievement and recognizes the hard work and dedication of the Greenheart team in providing the best in class service to all our customers.

Greenheart was founded two years ago in Ashbourne, County Meath, and was formed two years ago by childhood friends Mark Canavan and Paul Walsh. The company produces a full range of sustainable oils – and shortly – edibles and balms for the retail market. Although Greenheart only began selling its oils in January 2020, it already has over 1,500 customers, a customer return rate three times the industry average and over seventy trusted 5-star reviews on its website. 

Before launching Greenheart, Paul and Mark spent years researching extraction methods to produce the most effective agricultural products, for the end consumer with full traceability from seed to shelf. The company is the first sustainable producer in its market to use the full scope of cutting edge technology in its cultivation and production. This includes Big Data, Artificial Intelligence (AI), Machine Learning, and Blockchain technology at each stage of the planting, harvesting, production, and retailing process.

Greenheart Punt Token

The company is launching its own product token on December 1st – the Greenheart Punt – which will trade on the LAToken exchange and allow its stakeholders to access its products at the greatest possible discounts on its new apps platform. 

The Greenheart Punt token is being backed by a real commodity – 1,000 liters of Greenheart’s oil in year 1 (with a retail value of $4 million US dollars) – allowing token holders to redeem their tokens directly for Greenheart oil.
The company also plans to continue deploying pioneering sustainability technology and cold press extraction, while also launching an Innovation Centre to teach farmers and the wilder public about the benefits of growing hemp and sustainable crops in Ireland.


 

Source: Shane Walsh GreenheartCBD.ie

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PAOG CEO Discusses 2020 Progress And PURA Dividend On MoneyTV

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Sandusky, OH – November 25, 2020 – OTC PR WIRE — PAO Group, Inc. (OTC: PAOG) today announced an interview of CEO Jim DiPrima on MoneyTV where Mr. DiPrima discusses the company’s progress in 2020 to include the latest updates on PAOG’s coming one for one dividend of PAOG stock to Puration, Inc. (OTC: PURA) shareholders in conjunction with PAOG’s recent acquisition of PURA’s cannabis cultivation business.

PAOG made two strategic acquisitions this year transitioning the company into the cannabis neurocritical and pharmaceutical markets.  PAOG has recently executed an agreement with a Contract Research Organization (CRO) to advance the company’s hemp derived CBD extract to treat Chronic Obstructive Pulmonary Disorder (COPD) toward an FDA approval.  PAOG is also close to executing a neurocritical development agreement.  In addition to the interview published today, the company anticipates issuing substantial updates on the pharmaceutical and neurocritical developments next week.

MoneyTV is the internationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews with company CEOs and executives, providing insights into their operations and outlooks for their futures. MoneyTV is seen in over 200 million TV households in more than 75 countries.

Free information packages from the featured companies can be requested by sending an email to info@moneytv.net.

The television program can also be viewed online immediately at www.moneytv.net.

www.paogroupinc.com

Forward-Looking Statements: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

CONTACT INFORMATION

Contact Us:
Jim DiPrima
888-272-6472
info@pao.group

Source: https://otcprwire.com/paog-ceo-discusses-2020-progress-and-pura-dividend-on-moneytv/

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GREENHEART CBD NAMED IN TOP 3 CBD “PRODUCT OF THE YEAR” AT INAUGURAL CANNAVIST AWARDS

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Greenheart CBD, the leading licensed Irish CBD producer, is delighted to announce that in its very first year of operation, it has been named in the Top 3 CBD Products of the Year by The Cannavist Magazine.

The Cannavist is the leading magazine for the CBD industry in the UK and Ireland. 2020 is the inaugural year for its CBD awards, which covered the full range of CBD related products on the market – from edibles and skincare to tinctures and petcare.
Greenheart CBD was founded two years ago in Ashbourne, County Meath, and was formed two years ago by childhood friends Mark Canavan and Paul Walsh. The company produces a full range of CBD oils – and shortly – edibles and balms to the retail market.

Although Greenheart only began selling its CBD oils in January 2020, it already has over 1,500 customers, a customer return rate three times the industry average and over seventy trusted 5-star reviews on its website. Before launching Greenheart, Paul and Mark spent years researching extraction methods to produce the most effective CBD products, for the end consumer with full traceability from seed to shelf. The company is the first CBD producer to use the full scope of “CBD Tech” in hemp cultivation. This includes Big Data, Artificial Intelligence (AI), Machine Learning, and Blockchain technology at each stage of the planting, harvesting, production, and retailing process.
Greenheart Punt Token

The company is launching its own product token on December 1st – the Greenheart Punt – which will trade on the LAToken exchange and allow its stakeholders to access its products at the greatest possible discounts on its new apps platform.
The Greenheart Punt token is being backed by a real commodity – 1,000 liters of Greenheart’s CBD oil in year 1 (with a retail value of $4 million US dollars) – allowing token holders to redeem their tokens directly for Greenheart CBD oil.

The company also plans to continue deploying pioneering CBD Tech and cold press extraction, while also launching an Innovation Centre to teach farmers and the wilder public about the benefits of growing hemp and sustainable crops in Ireland

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8 Reasons You Need To Hop On The CBD Trend

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From the shelf of your dispensary to a common ingredient in the newest skincare products, CBD is the latest rave in the market. Ever since its use in FDA approved drugs for epilepsy, masses are excited to learn more about the compound’s potential benefits.

Businesses are gearing up to meet the spiking demand for CBD products by bringing user-friendly formulations like CBD gummies for pain and various other CBD products to the market. Look around, and you will notice how CBD has made its way into our everyday life. If you haven’t explored CBD yet, here are eight reasons why you would want to hop on the trend right away.


1. CBD For Improved Sleep

Remember the sleepless nights when too much mental and physical exertion would not let you sleep? Sometimes even a decent schedule and crawling early into bed is not enough to relax you into a good night of sleep. According to the latest statistics, almost 30% of the population in the US suffer from insomnia. Undoubtedly, the following day after sleepless nights is exhaustive to get through. While you may rely on medication, most of them impose life-threatening side-effects.

On the other hand, CBD is a natural sleep enhancer that can help imbibe a proper sleeping pattern. Studies reveal that CBD can inhibit Rapid Eye Movement duration during sleep, which is an effective way to improve sleep quality. CBD can reduce daytime grogginess to restore balance in the body. CBD can take you on a journey of restful sleep nights and active days ahead of them.


2.  Manage Everyday Stress and Anxiety

A vast majority of the population is exposed to stress or anxiety in some form or the other. Everyday stressors, including work-life balance, improper nutrition, and physical stress, can invite hormonal imbalances. Anti-stress medicines could be intense and put heavy pressure on your system. CBD is a great alternative that can help cope with the stressors.

A study reveals that it can alter the brain response to stress triggers and modulate our hormones to create a euphoric feeling. CBD can bring harmony to our system by checking imbalances in the chemical levels while the brain experiences stress.


3. To Enhance Your Sexual Experience

The chemical structure of CBD makes it compatible with the human endocannabinoid system. Its interaction with various CB receptors can regulate hormones, alleviate stress, and influence mood, which can positively impact your sex life. Markets are brimming with CBD infused lubricants that promises to improve sex life.

CBD can help increase sexual drive and initiate stimulation for the activity. Various CBD-infused lubes can benefit users by increasing blood flow to the sex organs to stimulate arousal.


4. Keep Age-related Troubles At Bay

Brain cell regeneration drops with age, which can bring several disadvantages. The elderly suffering from such conditions can experience a loss of functions. CBD can support several mental treatments without severe side effects. A study conducted in 2007 reveals that CBD can reduce neuroinflammation in Alzheimer’s condition.

Another study signifies that it can lower the degeneration and alleviate pain in multiple sclerosis patients. Many doctors supplement their therapies with CBD to reverse the degeneration symptoms, thus offering it as an alternative treatment choice for the elderly.


5. CBD In Skin Care

Apart from our endocannabinoid system, our skin houses CB receptors too, which makes CBD topicals an effective alternative to introducing CBD to our system. With numerous beauty benefits, CBD is an effective ingredient in skin creams, lotions, oils, and salves.

The anti-inflammatory properties in CBD can come to the rescue for managing localized conditions like eczema, acne, and skin inflammation. The moisturizing properties in the compound is another reason why CBD infused topicals have become popular.


 6. To Support Your Fitness Journey

Whereas CBD shows health potential to enhance well-being, its use in the fitness journey is the icing on the cake. Recent discoveries about the benefits of CBD have increased its relevance in nutrition and health supplements.

With the use of CBD, many fitness enthusiasts report better focus and mental agility during the training. The anti-inflammatory properties in it can ease muscle strain and aid relaxation. Considering its relevance in the recovery,  now the World Anti Doping Agency approves its use for professional athletes as well.


7. As a common Analgesic

CBD binds with the receptors at the inflammatory sites to hinder the production of chemicals responsible for inflammation. CBD can also help alleviate chronic pain conditions such as Multiple Sclerosis and Arthritis.

When consumed, CBD can lessen the body’s pain response by inhibiting COX-2 enzymes to block inflammation and pain temporarily. A study indicates the relevancy of CBD in reducing the efficiency of COX-2 by almost 50 %.


 8. Your Pets Can Benefit From It Too

Like the human body, CBD can offer similar health benefits to animals too. Several pet owners are exploring the benefits that CBD in their beloved pets. It can help with conditions like arthritis, sensitivities, digestive disorders in pets like cats and dogs. For the pet owners who prioritize their pet’s well being, CBD can be a great addition to their daily routine.


The Bottom Line

Many people use CBD to relieve some specific conditions, with a low risk of side-effects. Hence, CBD has secured its place in the mainstream as an active supplement. It is emerging as a wellness ingredient for its miraculous capacity to enhance many life-supporting activities.


 

AUTHOR BIO:

Crystal has been closely studying the cannabis industry trends for quite some time. Intrigued by the booming growth of this sector, she takes interest in penning down her views providing quality insight on current marijuana trends, particularly medical cannabis.

 

   Crystal M. Wilson

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