New York has $750m worth of Cannabis Stockpiled that Growers can’t Sell. Word to Those States Leaning Legal.
Story by E Helmore,
New York, NY November 19, 2022
Cannabis farmers have ‘an unclear path to market’ as the state has yet to approve retail dispensaries.
A strong smell of weed hangs over many New York neighborhoods, the result in part of cannabis decriminalization in 2019 – but cannabis growers in the state are at an impasse when it comes to getting their crops to market.
Almost 300,000 pounds of the drug, worth as much as $750 Million, from last summer’s production at 200 state-licensed farms are stockpiled, without a place to be sold and in danger of deteriorating, according to a report said on Saturday.
New York regulators have approved the first round of retail licenses that will kick off the legal adult-use cannabis market in the state.
The Office of Cannabis Management (OCM)
TAKING BOLD ACTIONS TO ENCOURAGE SOCIAL JUSTICE, PUBLIC HEALTH AND ECONOMIC DEVELOPMENT IN THE LIVES OF ALL NEW YORKERS
Office of Cannabis Management
The Marijuana Regulation and Taxation Act creates a first in the nation comprehensive regulatory structure to oversee the licensure, cultivation, production, distribution, sale and taxation of medical, adult-use and cannabinoid hemp within New York State.
Approved the applications of 36 individual businesses and nonprofit organizations that have been granted conditional licenses to open up the first dispensaries in New York. But several issues may delay the full implementation of cannabis legislation in the state.
The OCM announced the first round of conditional licenses for 28 individuals and eight nonprofit organizations yesterday.
Not one legal recreational dispensary has opened. Last week, a federal judge handed down an injunction that blocked the state from handing out licenses in Brooklyn and areas of the Hudson Valley region after a lawsuit claimed that the state’s cannabis equity program violates the US constitution.
4 Hemp Club was Inspired by Steven Smith’s vision to
“Have an older generation 4H Club, where an older community of adults could carry on what the younger 4H Club envisioned.
Our 4H Platform Uses HEMP as an Agricultural Focal Point, deserving of research, development and with the
4 Hemp key points being Health Hope and Happiness, thru Hemp“.
Cannabidiol (CBD) is often covered in the media, and you may see it touted as an add-in booster to your post-workout smoothie or morning coffee. You can even buy a CBD-infused sports bra. But what exactly is CBD? And why is it so popular?
How is cannabidiol different from marijuana, cannabis and hemp?
CBD, or cannabidiol, is the second most prevalent active ingredient in cannabis (marijuana). While CBD is an essential component of medical marijuana, it is derived directly from the hemp plant, a cousin of marijuana, or manufactured in a laboratory. One of hundreds of components in marijuana, CBD does not cause a “high” by itself. According to a report from the World Health Organization, “In humans, CBD exhibits no effects indicative of any abuse or dependence potential…. To date, there is no evidence of public health related problems associated with the use of pure CBD. “Is cannabidiol legal?
Hemp is thought to be one of the oldest plants used for textiles and is also one of the fastest growing plants. There is evidence that h
emp was used 9000 years ago in ancient Çatalhöyük (Turkey).
Hemp is a ‘strain’ of the cannabis Sativa plant that has different properties from what we think of as cannabis. However, hemp is actually the same plant that produces less of the psychoactive chemical THC. In the USA, ‘industrial hemp’ contains 0.3% or less THC content by dry weight whereas in Australia the minimum standard is 0.35% or less THC. While hemp still has some THC, it’s impossible to smoke enough hemp to get you high.
There are five parts of the plant (the inner fibres (hurd), the outer fibres (bast), stalk, buds and the seeds) that can be used. Today hemp can produce resources such as food, clothing, building materials, rope and even fuel.
In conclusion, cannabis and hemp are the same plant species but have different chemical properties and uses.
Marijuana Company of America, Inc. to Present at LD Micro Invitational XII Conference on June 8, 2022
LOS ANGELES, CA June 1, 2022, Marijuana Company of America, Inc
MCOA, operates, invests, and acquires companies exclusively in the cannabis sector, today announced it will be presenting at the 12th annual Invitational hosted by LD Micro at the Four Seasons Westlake Village, on Wednesday, June 8th at 5:00 pm Pacific time.
Mr. Jesus Quintero, Chief Executive Officer, will conduct one-on-one meetings during the conference and deliver the Company’s in-person presentation which can be viewed live and via replay at the webcast link below.
Event: LD Micro Invitational XII
Event Date: June 7 – 9, 2022
Location: Westlake Village, CA
MCOA Presentation Time: June 8, 2022, at 5:00 pm Pacific time in Track Four
Note: Interested parties who want to watch virtually must register on the platform. If you do no
Marijuana Company of America (MCOA) operates, invests, and acquires exclusively companies in the cannabis sector. The Company is a multi-state (licensed) operator and the parent company within the cultivation, distribution, and international consumer product sectors.
Summary of LD Micro Invitational (XII)
The 2022 LD Micro Invitational will be held at the Four Seasons Westlake Village from June 7th to the 9th. This three-day, investor conference is expected to feature around 200+ companies, presenting in half-hour increments, as well as private meetings.
This news release contains “forward-looking statements,” which are not purely historical and may include statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities and words such as “anticipate,” “seek,” “intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s” reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic reports filed from time to time with the Securities and Exchange Commission.
My wife, Janet and some of my cousins have some form of RA, so we know the Pain and Suffering RA can ravish.
I’ve chosen this nonprofit because their mission means a lot to me, and I hope you’ll consider contributing as a way to celebrate with me. Every little bit will help me reach my goal. I’ve included information about Rheumatoid Arthritis Foundation, Help Fight RA below.
Rheumatoid Arthritis Foundation, Help Fight RA is dedicated to helping those that have RA and cannot afford treatment, a doctor and medication.
Our mission is guided by a relentless focus to Help Fight RA. We strive to bring inspiration, sustainability and motivation to those who suffers with Rheumatoid Arthritis. We promote healthy lifestyle to patients with RA through education, research and support. We are committed to maintaining respect and integrity in all aspects of our mission.
Donations Notice: Facebook takes care of the donation processing with no fees.
Thank you for your consideration, Steven Smith Inspirational Technologies
Los Angeles, California May 3, 2022, Cannabis Global, Inc. (CBGL), Cannabis Global, Inc., a licensed Los Angeles-based manufacturer and distributor in the cannabis sector, today announced an important supply agreement to solidify the Company’s position in the solventless cannabis product sector.
Under the terms of an agreement, Sugarmade, Inc. (SGMD) will cultivate cannabis specifically for Cannabis Global. The initial contract calls for the supply of 25,000 pounds of “Fresh Frozen” cannabis, which will be cultivated specifically to Cannabis Global’s specifications.
Mr. Tabatabaei continued, “We plan to process a significant amount of this material at our Lynwood California location. In addition, we will enter the wholesale space to supply up to 10 separate strains of Fresh Frozen Cannabis to other solventless manufacturers in the Los Angeles area. With the market for solventless products growing rapidly, we believe this agreement will be an important component of our future success.“
Cannabis Global plans to launch its premium rosin line under the Wolfgang Wax brand name by way of its recent acquisition of the Caliwanna, LLC brands. In addition, Cannabis Global will utilize the rosin concentrates produced from the biomass to enhance its rosin preroll and edible lines, and in the future for inclusion in cannabis beverages and tinctures, we are currently in development.