Category: 1st Hemp USA News 2021

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Cannabis Global Prepares for Premium Cannabis Product Releases

Cannabis Glogal

LOS ANGELES, CA -June, 2021 – Cannabis Global Inc. the majority owner of licensed cannabis manufacturer Natural Plant Extract (NPE) and Northern Light Distribution, a licensed cannabis distribution company,  provided a business update regarding upcoming product launches. NPE, based in Lynwood, California, has completed its first round of compliance testing and is preparing for the June introduction and shipment of several new products.

The products will include super premium, THC-A Diamond, Live Resin-infused cannabis pre-rolls, a new line of vegan, stevia-enhanced cannabis candy products, and top-shelf cannabis flower products based on indoor grown strains. “In crowded, highly competitive Southern California, we need to have unique products, and that is exactly what we have created,” commented Cannabis Global CEO Arman Tabatabaei.

“Among other products on deck, our premium diamond-infused pre-roll product will be a leader in potency with our first introduction topping 45% levels of THC (tetrahydrocannabinol).

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THC Diamonds

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With a unique infusion manufacturing process and a hand-finish that allows for even concentrate distribution throughout the pre-roll, we are able to achieve both ultra-high potency and an ultra-smooth smoking experience. ” The Company will also introduce its all-natural, vegan, cannabis-infused Pate de Fruits candy line designed to compete at the premium end of the cannabis edibles market. Pate de Fruits is made from real fruit purées, a stevia-based sweetener blend, and other “best available anywhere” ingredients. Its heat-resistant design is expected to be especially attractive to cannabis delivery companies, which often struggle with melting of edible products during the warmer months of the year.

“We are confident that cannabis consumers and our investors will be impressed with our new products,” Tabatabaei continued. “We have undoubtedly taken a product track toward ultra-premium products, as we believe this underserved area shows increasing consumer interest. We have also significantly increased our distribution business via our Northern Lights distribution company, which is co-located at our Lynwood, California, facility.

Additionally, we are diligently working to complete our volatile extraction laboratory in conjunction with our project investment MCOA.

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Eco Innovation Signs Exclusive License Agreement for PoolCooled™ Climate Control Technology Solution

June 08, 2021 Eco Innovation Group, Inc. an innovative company in new technologies that promote environmental and social well-being and the advancement of green energy solutions, is excited to announce the signing of an exclusive License Agreement (the “Agreement”) with Lance Nist, inventor of PoolCooled™ Tech (“PoolCooled™”), a revolutionary climate control solution that leverages proprietary technology to cool a home or building by taking cool water from an existing swimming pool and looping it through the existing air conditioning system to boost efficiency on a per-unit power consumption basis.
The Agreement grants the Company exclusive rights to commercialize PoolCooled™. “ECOX has reached a series of milestones throughout 2020 and 2021, and this exclusive license to bring PoolCooled™ to market is another significant step forward,” stated Julia Otey-Raudes, CEO of ECOX. “The license allows us to kickstart the next phase as we push toward the anticipated launch of this cost-saving renewable energy technology solution available for installation and use any time, in any weather, in any part of the country.” According to the Association of Pool & Spa Professionals, there are over 10.7 million swimming pools in the United States alone. Otey-Raudes added, “The market potential for PoolCooled™ is enormous. The amount of heat-sinking potential being lost across millions of swimming pools every day is a game-changer once efficiently harnessed because it offers the potential to simultaneously reduce both the costs and carbon footprint for any pool-adjacent structure with AC needs.” As previously reported by the Company, an initial efficiency test was performed under controlled conditions by Mr. Nist. The test compared the power usage involved in cleaning a swimming pool and cooling a home equipped with a three-ton central AC system, where the pool was immediately adjacent to the home. The test showed that, over a specified period, the separate tasks of operating the pool filtration system and the home AC system, independently and with traditional systems in place, required 4,300 watts of power. By comparison, both tasks were accomplished equally well by the PoolCooled™ system, which consumed only 1,100 watts of power over the same time period. This represents an approximate savings of 65-75% in total energy usage and costs. According to Lance Nist, inventor, “I am thrilled to sign this exclusive agreement with ECOX, and I look forward to continuing our efforts to tap into the enormous energy and cost savings potential that PoolCooled™ aims to offer millions of homes and businesses, as well as hotel chains, amusement parks, and other establishments with swimming pools and the drive to reduce costs and carbon emissions.” Now that the Agreement has been signed by all parties, ECOX will begin aggressively pursuing the PoolCooled™ opportunity as part of its ongoing strategy to deliver carbon free energy solutions that can be deployed on a global scale. VanNuysCaliforniaUSA

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Cannabis CBD and Me

CBD, or cannabidiol, has received a lot of hype last year, and now there is a sign it may be paying off for companies.

A new Gallup poll shows one in seven American adults, or 14 percent of the population, use CBD products.

CBD or Cannibidiol is What THC is to Marijuana

CBD is a non-psychoactive component of cannabis that is claimed to be useful in treating a number of ailments, from anxiety and stress to inflammation and sleep.

CBD can be derived from both cannabis and hemp, with hemp-derived CBD products rushing the U.S. market after they were legalized late last year (2018 Farm Bill) in the country.

Gallup’s poll, found CBD usage is more popular among younger people than older. This follows the same trend Gallup found with cannabis usage earlier.

Twenty percent of those aged 18-29 said they use CBD products, followed by 16 percent for ages 30-49, 11 percent for 50-64 years old and eight percent for those aged 65 years or older.

An average of 50 percent of Americans 18 years old or older said they don’t use CBD products, while 35 percent said they are not familiar with them.

Those aged 65 and older were the least familiar with CBD — 49 percent said they don’t know CBD products, compared to between 26-36 percent for the other age brackets.

Information is becoming a catalyst for CBD Use.

CBD products also seem to be more popular in the western U.S., with 21 percent of western respondents saying they used the products, compared to 11-13 percent for the rest of America.

This could be due to CBD products being available for longer in western states because cannabis was legalized earlier there, according to Gallup.

What is CBD being used to treat?

Gallup says most respondents use CBD to treat pain at 40 percent, with anxiety second at 20 percent, then insomnia at 11 percent and arthritis at eight percent.

Women are more likely to use CBD for anxiety than men (25 percent versus 14 percent), and men are more likely to use it for sleep (15 percent versus eight percent).

While CBD is marketed for many other purposes — such as for stress, muscle soreness, inflammation, for pets, and as skincare — five percent or less of respondents said they use it for those reasons.

The Federal Drug Administration (FDA) in the U.S. is still researching CBD’s uses and effectiveness.

Gallup concludes that while right now CBD is used most by younger people, older Americans stand to gain the most from the products as it can help them with the aches and pains that come with age.

Most Americans Indicate Awareness of CBD

Nearly two in three Americans indicate they have some familiarity with CBD oils, yet that includes only 14% who say they are veryfamiliar, 33% are somewhat familiar and 17% not too familiar

Familiarity is fairly similar across societal groups, including by gender, party ID and most age categories. However, half of seniors vs. roughly two thirds of those under 65 know something about it.U.S. Adults’ Familiarity With CBD Oils.

Aware Americans Think CBD Is Beneficial

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Those who are familiar with CBD oils credit the substance with having health benefits,

Confidence in CBD is also much greater the more people know about it.

Notably, young adults who are familiar with CBD are much more likely than seniors

Bottom Line

The CBD-oil arena is extremely active right now, including medical research into its benefits, state legislation governing its sale, federal legislation encouraging its production and corporate investment growing in the business. According to Forbes, retail sales for CBD products were between $600 million and $2 billion last year but are expected to grow to $16 billion by 2025.

Opportunity begins with Preparation.