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DOJ Reschedules Medical Marijuana Products to Schedule III — What It Means for Research

Justice Department Places FDA-Approved Marijuana Products and Products Containing Marijuana Subject to a Qualifying State-issued License in Schedule III, Strengthening Medical Research While Maintaining Strict Federal Controls

Weed in the Wild West
Weed in the Wild West

Press release overview

Short summary The Department of Justice and DEA have issued an order placing FDA‑approved marijuana products and state‑licensed medical marijuana products into Schedule III, and announced an expedited administrative hearing to consider broader rescheduling of marijuana beginning June 29, 2026. The move aims to expand research access while maintaining federal controls and accelerates the rulemaking timeline by withdrawing prior proceedings.

Press release overview The Department of Justice and DEA recently issued actions that clarify federal treatment of FDA-approved and state-licensed medical marijuana products, opening a clearer path for research and regulatory alignment. That federal movement reduces legal friction for clinical studies and signals a more predictable regulatory environment for companies working at the intersection of therapeutics and regulated botanicals.

Each milestone is a discrete deliverable: protocol documents, site activation logs, interim analysis reports, and regulatory meeting minutes.

Why it matters This action reduces legal uncertainty for clinical research and for companies working with state‑regulated medical cannabis programs, creating a clearer regulatory pathway for pragmatic trials and product development.

The Action Expands Access to Approved Therapies and Supports State-Regulated Medical Marijuana Programs

In accordance with President Trump’s December 18, 2025, Executive Order on Increasing Medical Marijuana and Cannabidiol Research, the Justice Department and the Drug Enforcement Administration (DEA) today announced the issuance of an order immediately placing both FDA-approved products containing marijuana and marijuana products regulated by a state medical marijuana license in Schedule III of the Controlled Substances Act, as well as the initiation of an expedited administrative hearing process to consider the broader rescheduling of marijuana from Schedule I to Schedule III. The new hearing, beginning June 29, 2026, will provide a timely and legally compliant pathway to evaluate broader changes to marijuana’s status under federal law. Together, these actions provide immediate and long-term clarity to researchers, patients, and providers alike while still maintaining strict federal controls against illicit drug trafficking.

Acting Attorney General Todd Blanche is placing both FDA-approved drug products containing marijuana, and medicinal marijuana products subject to a qualifying state-issued license in Schedule III under his authority to reschedule drugs to carry out the United States’ obligations under the Single Convention on Narcotic Drugs. This action recognizes the longstanding regulation of medical marijuana by state governments and the need for a common-sense approach to this reality.

“The Department of Justice is delivering on President Trump’s promise to expand Americans’ access to medical treatment options,” said Acting Attorney General Todd Blanche. “This rescheduling action allows for research on the safety and efficacy of this substance, ultimately providing patients with better care and doctors with more reliable information.”

“Under the direction of President Trump and Acting Attorney General Blanche, DEA is expeditiously moving forward with the administrative hearing process — bringing consistency and oversight to an area that has lacked both,” said DEA Administrator Terry Cole.  “Our men and women in law enforcement remain committed to fighting drug cartels, the fentanyl epidemic, and protecting American lives.”

Separately, the Department announced procedural updates to expedite the ongoing rulemaking process required to fully remove marijuana from Schedule I and place it into Schedule III under the Controlled Substances Act.

Under the prior administration, a notice of proposed rulemaking was published in the Federal Register on May 21, 2024, followed by a notice of hearing on August 29, 2024. Upon further review, the DEA is withdrawing the prior notice of hearing and terminating those proceedings in order to move more efficiently toward the completion of marijuana’s complete redesignation. This action will accelerate the administrative process, include firm deadlines, and allow DEA to proceed in the most expeditious manner consistent with federal law.

DEA will hold a new administrative hearing beginning June 29, 2026, regarding the proposed rescheduling of marijuana. A new notice of hearing is being published in the Federal Register to govern these proceedings and facilitate a timely resolution of the rulemaking.

Today’s order is reflective of the Department of Justice’s continued dedication to common-sense policies and the prioritization of the safety and well-being of all Americans.

PaiNT Research 2026

Why PAiNT Is a Meaningful Step Forward

PAiNT (Predictive, Artificial, Intelligence, Natural, Theraputics) is designed to bridge the gap between academic rigor and real-world clinical deployment. It matters now because:

  • Practical design reduces barriers to enrollment by using streamlined protocols and remote data capture.

  • Adaptive methods let researchers update trial parameters in response to interim results, improving efficiency and ethical oversight.

  • Integrated data systems combine EHR, patient-reported outcomes, and device telemetry for richer, faster insights.

  • Networked partnerships with clinics and state-regulated programs accelerate recruitment and real-world validation.

Together, these elements shorten timelines, lower costs, and increase the likelihood that promising therapies reach patients sooner.

Steven Smith — Comments on the Future

Summary view

Steven Smith sees the DOJ/DEA action as a structural positive for companies positioned to run pragmatic, state‑aligned clinical research. He emphasizes that execution and transparent milestone delivery will determine whether the regulatory shift translates into durable value.

Steven Smith, Inspirational Technologies / PAiNT Network

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“As we step into 2026, I’m proud of what we’ve built — and even more excited for what’s ahead. PAiNT Network is more than a platform. It’s a movement. A canvas for reform, creativity, and community‑powered change. Whether you’re an advocate, a researcher, or simply someone who believes in better — thank you for being part of this journey. Let’s keep painting the future together.”  Steven Smith – founder, Inspirational Technologies.

Let the colors run wild. Let the pixels speak truth. Let the paint be wet.   2026

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Happy 420 — Origins, Laws, and the Moment We’re In

 

Image result for happy 420 gif

 


Happy 420 — Origins, Laws, and the Moment We’re In


1. The Origin Story: How 420 Became a Cultural Signal

420 began as a simple meeting time among a group of California high‑schoolers in 1971 — the Waldos — who used “4:20” as a code for gathering after school. What started as an inside joke traveled through music culture, especially Grateful Dead circles, and eventually became a universal shorthand for cannabis itself.

Over the decades, 4:20 p.m. became a daily ritual, and April 20th evolved into a cultural holiday — part celebration, part protest, part community gathering. The beauty of 420 is that it was never created by a corporation, a government, or a marketing team. It grew organically, carried by people who believed in freedom, curiosity, and connection.

That’s why the origin still matters. It reminds us that cannabis culture was built from the ground up — by people, not institutions.


2. The Current Landscape: State Laws in 2026

The United States now lives in a patchwork reality:

  • Medical cannabis is legal in the majority of states, including Florida, where the program continues to expand in patient count and product availability.
  • Adult‑use legalization has passed in many states, but not all — and the rules vary dramatically.
  • Federal law still classifies cannabis as illegal, creating contradictions in banking, research, interstate commerce, and patient access.
  • Hemp remains federally legal, but states continue to tighten rules around intoxicating hemp derivatives.

This patchwork creates confusion for patients, consumers, businesses, and law enforcement. It also creates opportunity — because every year, more states move toward reform, and public support continues to grow.

Even in states without adult‑use legalization, medical programs like Florida’s show that regulated access can coexist with safety, oversight, and economic benefit.


3. The Political Climate: Optimism with Realism

The political climate around cannabis in 2026 is defined by momentum, contradiction, and public demand outpacing policy.

Here’s what’s shaping the moment:

  • Public support for legalization remains high, across party lines, according to multiple national polls.
  • Congress continues to debate reform, including banking protections and rescheduling proposals, but progress is slow.
  • States are acting faster than the federal government, creating a widening gap between state policy and federal law.
  • Courts and regulators are increasingly involved in defining the boundaries of hemp, THC limits, and product safety.
  • Advocacy groups continue to push for expungement, patient rights, and equitable access.

Optimism is justified — the direction of travel is clear — but realism is necessary. Reform is happening, but not at the pace many expected. The next breakthroughs will likely come from a combination of state‑level action, federal administrative changes, and continued public pressure.


Commentary by Steven Smith

Advocate for Cannabis Reform, Founder of Inspirational Technologies & PAiNT Research

“I’ve always believed that cannabis reform is ultimately about people — patients, veterans, families, and communities who deserve access, safety, and honesty. I’m optimistic, but I’m also realistic. I’ve seen how slow the system can move, how politics can stall progress, and how misinformation can cloud public understanding. But I’ve also seen something stronger: the steady rise of informed citizens who refuse to let outdated laws define their lives.”

“The future of cannabis is not just about legalization — it’s about education, research, and responsible access. Vaporizers, for example, represent a safer, more controlled way for many people to consume. They reduce combustion‑related harms and allow for precise dosing. As technology improves, so will safety, consistency, and patient confidence.”

“420 is a celebration, but it’s also a reminder. A reminder that reform is unfinished. A reminder that millions still lack access. A reminder that science must guide policy, not stigma. And a reminder that the culture that created 420 — grassroots, hopeful, human — is still alive.”

“And yes — it’s 4:20 somewhere. In fact, it’s 4:20 forty‑eight times a day around the world. That’s forty‑eight reminders that progress continues, that community matters, and that the future is brighter than the past.”


Closing Thought

Two days before 420, the message is simple:
Honor the origin. Understand the laws. Stay engaged in the political moment. Celebrate responsibly. And keep pushing for a future where cannabis policy reflects science, compassion, and common sense.

  1.  

🌿 CANNABIS LAWS BY STATE ( 2026)

 

Cannabis policy in the United States has evolved dramatically since California first recognized medical cannabis in 1996. Three decades later, the national landscape is a patchwork of adult‑use legalization, medical programs, decriminalization reforms, and a shrinking number of prohibition states.

As of 2026, most Americans live in a state where cannabis is legal in some form. Federal law still classifies cannabis as illegal, but state‑level reforms continue to expand, and public support for legalization remains at historic highs.

Below is the updated 2026 state-by-state breakdown.


2026 CANNABIS LEGALITY TABLE 

Legend:

  • AU = Adult Use Legal
  • MED = Medical Legal
  • DEC = Decriminalized
  • CBD = CBD‑Only
  • IL = Illegal / Full Prohibition

This version is optimized for WordPress: clean columns, no broken spacing, and consistent formatting.


📊2026 Table

STATE AU MED DEC NOTES (2026)
Alabama ✔️ Medical only
Alaska ✔️ ✔️ ✔️ Fully legal
Arizona ✔️ ✔️ ✔️ Fully legal
Arkansas ✔️ Medical only
California ✔️ ✔️ ✔️ Fully legal
Colorado ✔️ ✔️ ✔️ Fully legal
Connecticut ✔️ ✔️ ✔️ Fully legal
Delaware ✔️ ✔️ ✔️ Adult-use sales active
District of Columbia ✔️ ✔️ ✔️ Sales restricted by Congress
Florida ❌ (no 2026 ballot) ✔️ Medical only
Georgia CBD Low‑THC oil only
Hawaii ✔️ ✔️ ✔️ Adult-use legalized 2024
Idaho CBD CBD‑only; prohibition otherwise
Illinois ✔️ ✔️ ✔️ Fully legal
Indiana Full prohibition
Iowa CBD Limited low‑THC program
Kansas Full prohibition
Kentucky ✔️ (2025 launch) New medical program
Louisiana ✔️ ✔️ Medical + decriminalized
Maine ✔️ ✔️ ✔️ Fully legal
Maryland ✔️ ✔️ ✔️ Fully legal
Massachusetts ✔️ ✔️ ✔️ Fully legal
Michigan ✔️ ✔️ ✔️ Fully legal
Minnesota ✔️ ✔️ ✔️ Adult-use legalized 2023
Mississippi ✔️ Medical only
Missouri ✔️ ✔️ ✔️ Fully legal
Montana ✔️ ✔️ ✔️ Fully legal
Nebraska DEC Decriminalized only
Nevada ✔️ ✔️ ✔️ Fully legal
New Hampshire ✔️ DEC Adult-use still pending
New Jersey ✔️ ✔️ ✔️ Fully legal
New Mexico ✔️ ✔️ ✔️ Fully legal
New York ✔️ ✔️ ✔️ Fully legal
North Carolina CBD DEC CBD‑only + decriminalized
North Dakota ✔️ Medical only
Ohio ✔️ ✔️ ✔️ Adult-use legalized 2023
Oklahoma ✔️ Medical only
Oregon ✔️ ✔️ ✔️ Fully legal
Pennsylvania ✔️ Medical only
Rhode Island ✔️ ✔️ ✔️ Fully legal
South Carolina CBD CBD‑only
South Dakota ✔️ Medical only (adult-use overturned)
Tennessee CBD CBD‑only
Texas CBD Limited low‑THC program
Utah ✔️ Medical only
Vermont ✔️ ✔️ ✔️ Fully legal
Virginia ✔️ ✔️ ✔️ Adult-use legal; sales pending
Washington ✔️ ✔️ ✔️ Fully legal
West Virginia ✔️ Medical only
Wisconsin CBD CBD‑only
Wyoming CBD CBD‑only

📌 Closing 

The national trend remains clear: more states are moving toward regulated adult-use markets, and medical access is now the norm across most of the country. While federal reform remains stalled, state-level legalization continues to expand, driven by voter initiatives, legislative action, and shifting public opinion.

How Do States Decide on Their Cannabis Laws?

For decades, states have been changing their cannabis laws through both ballot initiatives and the legislative process. In states including California, South Dakota and New Jersey, voters have directly approved measures legalizing medical cannabis, recreational cannabis or both.

State legislatures have been passing laws to allow medical cannabis since the 1990s. In 2018, Vermont became the first state to legalize recreational cannabis through its legislature rather than through a ballot initiative. Since then, legislatures in states including Illinois and Virginia have followed suit.

A state’s cannabis laws don’t address every detail of how its system works. Instead, the law creates a framework within which state agencies and local governments can make more specific rules.

What Is Medical Cannabis?

Medical cannabis, as the name suggests, is prescribed by a doctor to treat specific conditions and symptoms. Studies have shown that cannabis can help patients with a variety of health concerns, including:

  • Certain kinds of epilepsy.
  • Nausea and vomiting caused by chemotherapy treatments for cancer.
  • The loss of appetite and weight loss that can be caused by HIV/AIDS.

Scientists continue to study whether cannabis is an effective treatment for some symptoms of multiple sclerosis, chronic pain and other conditions.

How Do States Regulate Medical Cannabis?

Each state’s medical cannabis program is unique, but they share important similarities.

How Do States Regulate Medical Cannabis

A physician will examine a patient and, if appropriate, provide a certification that the patient has a condition that can be treated with medical cannabis. Each state has its own list of qualifying conditions.

Once a patient has a physician’s certification, they can be placed on the state’s medical cannabis registry and issued an identification card. This card entitles them to purchase cannabis at a dispensary — a state-regulated store that is authorized to sell cannabis products. The amount of cannabis someone with a medical cannabis card can possess varies by state.

Another important difference between states is whether they recognize other states’ medical cannabis cards. Individuals must follow the rules of the state they are in, not just the state that issued their ID.

What Is Cannabis Decriminalization?

In addition to implementing and refining medical cannabis programs, states are also continuing to address the question of how to regulate the nonmedical use and possession of cannabis. As the map shows, many states now allow adults to possess and use cannabis with some restrictions. Others have opted instead for decriminalization.

Decriminalization of cannabis does not mean legalization of cannabis. Instead, decriminalization can reduce the legal consequences of those caught possessing or using cannabis.

Decriminalization generally means criminal penalties are replaced with civil penalties. For example, police would issue a citation instead of making an arrest, would not punish an individual with a jail or prison sentence, and the incident would not appear on the individual’s criminal record.

It’s important to note that these more lenient punishments generally only apply to the first-time possession of smaller amounts of cannabis — harsher penalties can be imposed for multiple infractions or for possessing larger amounts.

What Is CBD?

The Cannabis sativa plant contains both delta-9 tetrahydrocannabinol (THC) — the chemical compound found in medical and recreational cannabis — and cannabidiol (CBD). THC is psychoactive — it’s the chemical in cannabis that causes a “high.” CBD is not psychoactive. For this reason, many states have begun loosening restrictions on its use for medicinal and other purposes.

At both the state and federal levels, however, the law surrounding CBD remains complicated and unsettled. This is especially true when it comes to the presence of THC in CBD products. Since the two compounds are chemically similar and derived from the same plant, many CBD products contain some THC. Some states that allow CBD products but have more restrictive laws for THC have specified that CBD products may not contain more than a certain small amount of THC.

By isolating and extracting the CBD from Cannabis sativa plants, it is possible to create CBD-only products. Since these products contain no THC at all, they reduce some of the risk and uncertainty surrounding the production, sale and use of CBD.

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Navigating State Cannabis Laws

The laws addressing recreational cannabis, medical cannabis and CBD continue to evolve. We’ll continue to update our map to reflect changes to each state’s cannabis laws. If you have questions about how specific laws affect your cannabis business, you can always reach out to us — we’ll help you find the answers.

 

Steven Smith, Inspirational Technologies / PAiNT Network

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“As we step into 2026, I’m proud of what we’ve built — and even more excited for what’s ahead. PAiNT Network is more than a platform. It’s a movement. A canvas for reform, creativity, and community‑powered change. Whether you’re an advocate, a researcher, or simply someone who believes in better — thank you for being part of this journey. Let’s keep painting the future together.”  Steven Smith – founder, Inspirational Technologies.

Let the colors run wild. Let the pixels speak truth. Let the paint be wet.   2026

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Cannabis Global Commences “Fresh Frozen” Supply Contract with Sugarmade Inc

Cannabis Global
Cannabis Global

 

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.

Fresh Frozen cannabis is immediately flash frozen upon harvest – instead of the traditional treatment of drying and curing after harvest.

This form of cannabis is almost exclusively used to create ultra-premium cannabis concentrates, such as live rosin, hash and live resin.

“This Agreement serves several very important purposes,” commented CEO Arman Tabatabaei. “By contracting with Sugarmade we will be able to specify exactly the strains and cultivation parameters that will enable us to produce the finest hash and rosin products for our customers. By locking in a $28 per pound future price, compared to the current spot price well in excess of $100 per pound, we expect our margins to be meaningfully enhanced. Perhaps even more importantly, having a steady supply of premium Fresh Frozen cannabis will allow us to provide consistency in our products and to ensure an adequate supply of products will be available to our very fast-growing base of retail customers. As we have recently announced, our retail base and our revenues are ramping quickly. This Agreement helps us to meet the substantial demand we are experiencing.

“The companies have signed a pre-booked, fixed-price contract for an initial 25,000 pounds for $700,000, which will include cash payments from Cannabis Global to Sugarmade of $300,000, with notes accounting for the remaining $400,000. Planting is expected to begin in mid-May and continue into early June. Cannabis Global will also hold an option to purchase additional pounds if the cannabis cultivation effort yields excess materials.

Sugarmade
Sugarmade, Inc

 

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.

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Cannabis Global in Definitive Agreement to Acquire Caliwanna

LOS ANGELES, CA March 14, 2022 Cannabis Global, Inc. announces the signing of a definitive agreement between the Company and the owners of Caliwanna brands for comprehensive marketing and sales integration and acquisition of the Caliwanna cannabis brands.

Under the terms of the agreement, the highly experienced Caliwanna marketing team will immediately launch three of Cannabis Global’s cannabis products – edibles, infused prerolls, and live rosin – into the California marketplace.

Image result for Cannabis Global's

In addition, all Caliwanna products will now be sold under the cannabis license owned by Cannabis Global’s majority-owned subsidiaries, Natural Plant Extract of California, and Northern Lights Distribution.

Management of Cannabis Global expects the agreement to result in significant incremental revenue generation beginning immediately.

“This is so much more than just an acquisition of successful cannabis brands, although we are of course excited to begin marketing Caliwanna’s Brands effectively immediately” commented Arman Tabatabaei, CEO of Cannabis Global.

See the source image
Arman Tabatabaei, CEO of Cannabis Global.

“In addition to meaningfully expanding our brand footprint, we are also gaining experienced sales and marketing executives via the addition of the principals of Caliwanna to our team.

Caliwanna already sells products in several dozen California cannabis retail establishments. We plan to see our innovative products in this sales channel very quickly.”

 

 

 

 

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Active Health Foods, Inc. announces joint venture with the Hub Craft, a licensed Massachusetts cannabis cultivator.

LOS ANGELES, CA January 6, 2022, Cannabis Global, Inc. and Active Health Foods, Inc.  today announce the cannabis consumer brands to be included in their recently announced letter of intent to create a joint venture with the Hub Craft, a licensed and permitted Massachusetts cannabis cultivation, manufacturing, and retail company.

Cannabis Global

The proposed joint venture plans to bring the following Hub Craft brands into the California marketplace. 1. Freeway Cannabis by Rick Ross 2. Payton’s Place by NBA Star Gary Payton 3. TRUTH34 brand via Paul Pierce, 10x NBA All-Star, aka ‘The Truth’. The brand will include flower, vapes, bubble hash, pre-rolls, and edibles. 4. Whoopi Goldberg’s brand “Emma & Clyde” to include pre-rolls, flower, vapes, and edibles from the health-conscious brand “Emma & Clyde”.

Under the terms of the proposed joint venture, Cannabis Global, Active Health and The Hub Craft will form a California corporation to enter the California cannabis marketplace. In addition to being granted exclusive licenses on all Hub Craft products, branding, and associated technologies for the State of California, the joint venture will be provided an option to purchase a 51% controlling position in Hub Craft anytime within nine months of the effective date of the joint venture for a price of $15 million.

“Our Company, Cannabis Global, will add the licensed California cannabis component to this proposed joint venture. We are proud to add these brand names to the endeavor”, commented Arman Tabatabaei, CEO of Cannabis Global. “The California market is highly competitive, and branding is more important than ever. These powerhouse cannabis brands will be an impressive addition to our California marketing efforts”

We believe these brands will significantly increase the marketability of the future joint venture’s product offerings,” commented Mr. Glen Bonilla, CEO of Active Health. “With the competitiveness of the mature California markets, branding is proving to be a key competitive differentiator. We are looking forward to working with both Hub Craft and Cannabis Global to make these brands highly successful in the California market.”

While the executives of the companies have agreed to the proposed initial terms of the joint venture to address the California market as outlined in the non-binding letter of intent, no definitive agreement has been signed. Moreover, there are still a considerable number of details to be worked out before the companies would be able to finalize an agreement. Thus, there can be no assurance a transaction as contemplated will ultimately take place.

We are marketing and producing Comply Bag(TM), an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace.

Comply Bag Technology

 

Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program. About Active Health Foods Active Health Foods recently acquired CoinChamp, Inc., and the operations of CoinChamp now represent the operations of the entire Company. CoinChamp is developing a platform for the plug-and-play creation of non-fungible tokens.

More details will be disclosed in the near future. Glen Bonilla, President and CEO, is an experienced serial entrepreneur with an extensive banking background, years of managerial experience, and a fresh vision as a tech-savvy millennial CEO.

About The Hub Craft

The Hub Craft, LLC is a minority-led provisionally licensed business with future cultivation, manufacturing, and adult-use dispensary locations. Their facilities are currently in development in Clinton, Holyoke, and Fitchburg, Massachusetts. The Hub Craft is the exclusive distributor of TRUTH34, Emma & Clyde, Payton’s Place, and Freeway Rick Ross branded products in Massachusetts.

While the executives of the companies have agreed to the intent to merge, via a share exchange type of arrangement, as outlined in this press release, no definitive agreement has been signed. Thus, there can be no assurance a transaction as contemplated will ultimately take place. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results

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Statements in this website have not been evaluated by the FDA and are not intended to diagnose, treat, or cure any disease. Always check with your physician before starting a new wellness or dietary program. Please view our full terms of use agreement for more information and the terms and conditions governing your use of this site. Cannabidiol (CBD) is a natural derivative of cannabis plants that promote and support nutrition, health and wellness, as well as anti-aging. Source: US Government Patent #6,630,507: “cannabinoids as antioxidants and neuroprotectants.” Marijuana Company of America, Inc. (MCOA) does not sell or distribute any products that are in violation of the United States controlled substances act (US CSA) in California. MCOA grows, produces, sells and distributes solutions for health, wellness, and anti-aging companies. MCOA solutions include cannabis- and/or CBD/CBN-based elements. Where allowed, MCOA may sell or distribute solutions containing THC. For more information, please contact us.   Marijuana Company of America · MCOA · Diversified Holding Company
   

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Cannabis Global, Inc.: Cannabis Global Reports Significantly Increased Revenues for the Fiscal Year End – Files Annual Report

LOS ANGELES, CA December 15, 2021, Cannabis Global, Inc., an innovation-oriented company investing in disruptive cannabis technologies, today announced the filing of its annual report for the fiscal year ended August 31, 2021. Revenues for the fiscal year grew to just over $1.6 million, compared to approximately $27,000 for the previous fiscal year.

Cannabis Global 2021

Growth was attributed to increased sales and distribution of cannabis products across a broad array of product ADVERTISEMENT lines, including cannabis flower, edibles, and concentrates. “We are pleased with the strong growth of our distribution and manufacturing businesses via Northern Lights Distribution and Natural Plant Extract of California, respectively,” commented CEO Arman Tabatabaei.

“The customers generating our growth are ordering consistently into this current fiscal year and in some cases are expanding orders and revenues with us. With strong revenue growth and pending new product introductions we remain confident moving into calendar 2022. Our major emphasis moving forward will be to improve profitability especially relating to our high cost of capital to better ensure our bottom line matches the strength of our revenue growth.” CBGL has recently announced the addition of several new product categories, including solventless extracts, infused cannabis pre-rolls and innovative categories of cannabis edibles, which are expected to be released near or after the new year. Mr. Tabatabaei continued, “While this past fiscal year was a year of acquisition, product development and of positioning our products and distribution efforts into an increasingly competitive California cannabis market, we anticipate this current fiscal year being one of emphasis on profitability, new product introductions and full utilization of our suburban Los Angeles manufacturing and distribution facilities.”

At the Lynwood facility, the Company plans to manufacture various cannabis edibles based on its internally developed intellectual property, including its high melt cannabis edible technologies specifically designed for the temperature extremes of cannabis delivery.

Cannabis Global also plans to utilize its distribution license to capture the entire production and distribution revenue stream relative to products produced at Lynwood. “We are now in a fortunate position to have a strong combination of proprietary technologies for cannabis edibles, licensed manufacturing, and licensed distribution capabilities,” commented Arman Tabatabaei, CEO.

“We plan to begin production and marketing of unique cannabis edibles under the Northern Lights brand name. Since we control both manufacturing and distribution licenses, we will be able to maximize our revenue and profit opportunities. We are particularly excited about our ‘high melt’ technology that allows us to manufacture cannabis edible products with unique thermal protection properties, which we believe offers an advantage relative to the hot Southern California climate and cannabis delivery services, which are certainly growing in popularity.”

Cannabis Global’s product lines to be produced and distributed out of the Lynwood, California facility will be marketed under the Northern Lights brand name. The Company plans to target both the mass market via economy brands and the high end of the edibles marketplace via offerings with exceptionally clean labels based on natural ingredients and solventless extracts. The Company is in the final stages of completing the brand redesign with a top brand designer for Northern Lights

About Cannabis Global, Inc.

Cannabis Global, Inc. is a Los Angeles-based, fully audited and reporting Company with the U.S. Securities & Exchange Commission, trading under the stock symbol CBGL. We are an emerging force in the cannabis marketplace with a growing product and proprietary intellectual property portfolio. We are marketing and producing Comply Bag, an innovative solution for cannabis storage, transport and tracking. Our subsidiary, Natural Plant Extract (NPE), is a Southern California licensed cannabis manufacturer and distributor which licenses our technologies to produce edibles for the cannabis marketplace. Cannabis Global has filed three non-provisional and multiple provisional patents for cannabis infusion and nanoparticle technologies and continues an active research & development program.

Comply Bag Technology

 

 

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