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As the Democratic Party prepares to take control of the U.S. Senate and Democrats controlling the legislative agenda for the foreseeable future, MCOA and CBGL anticipate congressional action that will lift prohibitions on cannabis, creating a new national market for cannabis and cannabis products.
Los Angeles, CA – January 7, 2021
“With Democratic control over the executive and legislative branches, the prospects for ultimate passage of the MORE Act, which will remove cannabis from the list of federally controlled substances, are excellent. In preparation, we are collaborating with MCOA to address what we believe will be a strong national market and increased internalization of the robust American cannabis marketplace,” stated Arman Tabatabaei, CEO of CBGL.
MCOA and CBGL recently announced their intent to penetrate and expand their reach in South America and Europe in 2021. The companies believe that the de-scheduling of cannabis as a federally controlled substance in the United States will meaningfully accelerate this process and allow expansion into even more international markets.
Jesus Quintero, CEO of MCOA, added, “Our new joint ventures with MR Hemp Uruguay and MR Hemp Brazil provide us with fresh distribution opportunities that will bolster global expansion. We expect U.S. legalization to accelerate this and other international business opportunities, which are well underway. With the Democrats in control of the U.S. legislative agenda, we foresee many of the hurdles we face in the U.S. and into the U.S. export markets to be significantly easier to navigate.”
Cannabis Global plans to address the national cannabis market through its Comply Bag Cannabis Transport system and patent-pending infusion technologies. The company will also pursue expanded investments into new business operations, such as Natural Plant Extract (NPE), which operates licensed cannabis manufacturing and distribution, and Whisper Weed Inc., a cannabis delivery service for which Cannabis Global provides contracts management services.
Tabatabaei continued, “We have assembled a robust set of assets and investments to target what we believe will soon be a true national cannabis market. Through Comply Bag, NPE, Whisper Weed and our IP portfolio, we will target intra and interstate cannabis transport, manufacturing and distribution, cannabis-related ingredients for manufacturers, and delivery services. We believe we are strongly positioned with this developing portfolio of technologies and investments, and plan even more expansion over the coming months.”
About Marijuana Company of America Inc.
Marijuana Company of America (OTC: MCOA) is an emerging industry leader focused on product development and sales & marketing with its proprietary botanical ingredients legal hemp-based cannabidiol (“CBD”) quality products under the brand name “hempSMART”. The Company’s premium quality products are double lab tested for purity and potency and sold to wholesalers, distributors, via online e commerce consumer platform, and a proven network affiliate marketing program. The Company recently announced plans for international sales, production, and marketing expansion.
Cannabis Global Announces Metrc API Integration for Comply Bag(TM) Cannabis Transport System – Targets Growing National Cannabis Market in 2021
LOS ANGELES, CA / ACCESSWIRE / December 29, 2020 / Cannabis Global, Inc. (the “Company”) (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis and hemp-related technologies, today announces a significant enhancement to its upcoming Comply Bag(TM) Cannabis Transport System via the addition of a fully integrated application that will allow shippers and receivers to track, monitor and confirm important aspects of cannabis shipments. Comply Bag’s unique app design will integrate with its API (Application Programming interface) published by Metrc, the most trusted and leading provider of cannabis regulatory technology in the United States.
Cannabis Global tailored the app to address multiple state regulatory regimes, including California’s Metrc track-and-trace system used to track cannabis activity and movement across distribution channels, while preserving flexibility in the architecture to allow for interstate tracking of cannabis as national cannabis markets develop further in 2021.
“Metrc supports over 15,000 cannabis-related business licenses and 15 U.S. states, including California. This disruptive technology is a solution that addresses a key component of the infrastructure of the cannabis industry (safe transportation), as well as a consistent and compliant storage system,” commented Arman Tabatabaei, CEO of Cannabis Global. “We are designing physical features into the Comply Bag(TM) system to hold Metrc generated tags mandated by many U.S. states to accompany cannabis from seed stage through final sale and we are now taking integration toward the natural step to utilize Metrc’s publically available API within the Comply Bag(TM) shipper and receiver app.”
Mr. Tabatabaei continued, “We decided to invest in an application that will allow shippers and receivers to monitor shipments via their smartphones, whether Android or iOS operating systems. We plan to roll the application out as soon as it passes beta testing; however, Comply Bag(TM) product is scheduled to be available January of 2021. We feel this ability is already highly-desired within the lucrative California market, and we expect it to be a requirement when interstate commerce in cannabis is ultimately legalized, which we believe will be soon,” commented Mr. Tabatabaei.
In November, the Company announced its acquisition of Ethos Technology LLC, a Los Angeles startup specializing in ultra-secure cannabis transport containers for the commercial cultivation, processing, and distribution markets. Under the terms of the agreement, which closed on November 16, 2020, Cannabis Global acquired all technologies, IP and assets of Ethos. The Company believes the current generation of cannabis transport and security products has not advanced to keep pace with the industry. All states where cannabis has been legalized require cultivators, processors, and distributors to track all shipments, and shippers need to ensure the exact contents of what is shipped to be received by the intended recipient. The new products to be released by Cannabis Global are designed to meet these needs.
Ethos Technology was founded by cannabis industry veteran and Cannabis Global co-founder, Edward Manolos. He noted that although other aspects of the sector were maturing, the industry standard was to store cannabis in turkey bags and mason jars. Mr. Manolos worked collaboratively with many top state and local regulators and politicians to help design a solution for safe and compliant transportation. Mr. Manolos is one of the most accomplished pioneers in the medical marijuana industry, having opened the very first medical marijuana dispensary in Los Angeles County in 2004, called CMCA. He is also credited with starting Los Angeles’ first medical marijuana farmers’ market referred to as “The California Heritage Market,” which attracted local and international media attention and is a senior member of the Board of Directors of Marijuana Company of America, Inc. (OTC: MCOA).
About Cannabis Global, Inc.
Cannabis Global, Inc., formerly known as MCTC Holdings, Inc., is a fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading with the stock symbol CBGL. The Company is an emerging force in the area of cannabinoid sciences and highly bioavailable hemp and cannabis infusion technologies. The Company does not engage in the production, distribution, or sales of any controlled substances, including marijuana. The Company has an actively growing portfolio of intellectual property having filed six patents in the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The Company markets its consumer products under the Hemp You Can Feel(TM) brand name. Cannabis Global launched its Project Varin early in 2020, to develop new delivery methods for rare cannabinoid Tetrahydrocannabivarin (THV-C) and to develop products based on this cannabinoid.
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