As the cannabis industry holds its breath while waiting to hear if marijuana banking reform will be part of a must-pass omnibus spending bill, James Hagedorn, a CEO of the lawn care giant Scotts Miracle-Gro (NYSE: SMG) shared

Paying Taxes with Duffel Bags of Cash Like Scarface, Scotts Miracle-Gro CEO On Need For SAFE Banking Act© Provided by Benzinga

his thoughts on the importance of this bill.

Scotts Miracle-Gro’s 2014 development of subsidiary Hawthorne Gardening Company “to meet the demands of hydroponic (cannabis) was considered one of the first large investments by a major U.S. corporation in the marijuana space. Nevertheless, Hagedorn wants to see the SAFE Banking Act passed for more than merely personal reasons.

It’s Not About Legal Pot

In an exclusive interview with Fox Business, Hagedorn pointed out that the idea behind the banking legislation is not to make pot legal but to allow businesses that represent the legal cannabis market to use banks, instead of having cash everywhere.

“It’s very dangerous. It’s inefficient. It’s really dysfunctional for the banking industry, not to be able to take this money in, allow people to deposit in, make capital investments in illegal businesses,” Hagedorn said.

The interview came on the heels of Senate Minority Leader Mitch McConnell calling the banking bill a “poison pill.”

It looks like the SAFE Act needs the support of both McConnell, and Senate Majority Leader Chuck Schumer, the reporter said and asked Hagedorn what he’d say to them if they were listening.

“Well, first of all, I think there are 60 votes to get this out of the Senate. It’s been passed multiple times on a bipartisan basis in the House with a lot of Republican support, and there are some really good people out there. The co-sponsor on the Republican side in the Senate is a guy named Steve Daines. He’s a really good Republican. I’m a Republican, out of Montana, and what he told me is – ‘Jim, I’m not in favor of marijuana,” Hagedorn said. “What I’m not in favor of is dysfunction and banking. In my state, by voter initiative, they made it legal. And if it’s going to be legal, my citizens should be able to bank.’”

Hagedorn continued. “This is not about pot. This is about dysfunction in banking, people today have to pay taxes on legal businesses with duffel bags of cash and counting machines like Scarface. It’s not the way it’s supposed to be in America. There are almost a half million people that are employed in this space. Americans that vote. They have problems getting mortgages this way. These are all people who are working in legal industries. This is dysfunctional and bad, and all the Senate has to do is allow legal businesses legal access to banking. “

Ifs the bill passes during the lame-duck session, Hagedorn says he doesn’t believe that big financial names like JP Morgan Chase (NYSE: JPM) and Fifth Third (NASDAQ: FITB), are going to embrace the industry in the same instant because there’s “a lot of sensitivity about compliance.”

While many believe the SAFE Act is a small step in much-needed marijuana reform, Hagedorn agreed with Senator Danes that it is indeed a big step forward in rationalizing banking for legal businesses.

“Let’s remember one thing when you have a lot of cash, it brings crime. There are people killed every day, where they have a lot of cash lying around. And people have to take this money in cash.”

Price Action

Scotts Miracle Grow shares were trading 0.39% higher at $48.50 per share during Monday’s pre-market session.

UPDATE ON OMNIBUS SPENDING BILL

Marijuana advocates were given a massive setback after the Senate did not include a provision to remove federal restrictions on cannabis businesses from receiving banking services in the $1.7 trillion omnibus spending bill.

The provision, which would have been modeled after the House’s SAFE Banking Act, was excluded from the Senate’s spending bill, likely thanks to Senate Minority Leader Mitch McConnell (R-KY), who has been a fierce opponent of the legislation.

The CEO of the U.S. Cannabis Council, a pro-marijuana group, said of the provision’s exclusion, “To say that we are disappointed is an understatement.”

US Cannabis Council Names Cannabis Veteran Khadijah Tribble as CEO

August 19, 2022

WASHINGTON–Today, the US Cannabis Council (USCC) named Khadijah Tribble, a leading figure in the cannabis reform movement and expert on equity and inclusion, as the organization’s CEO. Tribble succeeds Steven Hawkins, who led USCC since its founding in February 2021.

“We thank Steven Hawkins for his integral role in launching USCC, and we are thrilled to welcome Khadijah Tribble’s to the role of CEO at this critical juncture for the cannabis industry,” said Jessica Billingsley, chair of USCC and CEO of Akerna. “She is deeply respected for her leadership, expertise and wide-ranging experience and is well-positioned to advance our mission of ending prohibition and creating an equitable, values-based industry.”

Tribble serves as Senior Vice President of Corporate Social Responsibility at USCC member company Curaleaf, a role she will continue in during her interim term as CEO. She previously founded Marijuana Matters, a cannabis education and advocacy incubator, and served as CEO of the Marijuana Policy Trust, which helps develop and run DEI programs in the cannabis industry. Tribble, who has advocated for fair and equitable policies on behalf of marginalized communities throughout her career, also serves on USCC’s DEI Task Force. She holds a master’s degree from Harvard University’s John F. Kennedy School of Government.

“The US Cannabis Council unites my deep commitment to cannabis legalization with my passion for addressing the harms of prohibition,” said Tribble. “My priority is advancing meaningful cannabis reforms through Congress this year that will provide the foundation for achieving our ultimate goal of federal descheduling while fostering an equitable and inclusive legal cannabis industry.”

Since launching last year, USCC has established itself as the leading voice for cannabis reform in Washington, DC. The organization has brought cannabis industry CEOs to meet with lawmakers in Congress, partnered with the sponsors of leading cannabis bills to advance reform and launched a campaign to advance passage of the SAFE Banking Act. Earlier this year, USCC launched its DEI Task Force with leaders in law, business and civil rights and partnered with the Congressional Black Caucus Foundation to create an internship program for Black college students and recent graduates at leading cannabis companies and organizations.

US Cannabis Council Names Cannabis Veteran Khadijah Tribble as CEO (uscc.org)

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the idea behind the banking legislation is not to make pot legal but to allow businesses that represent the legal cannabis market to use banks, instead of having cash everywhere

#Marijuana #CropGrowth

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The demand for natural organic products over pharmaceuticals among customers across the globe acts as one of the major factors driving the growth of the hemp fiber market. The increase in demand for hemp fibers in various industries such as automotive, construction, food and beverage, personal care and textile, especially in emerging regions and the rise in the investment for the production of hemp-based products, is accelerating the growth in the hemp fiber market. We are just now beginning to realize the long time known for centuries along with the influence of ongoing scientific research that continually shows long term benefits of therapeutic use.

Global awareness, as it relates to the therapeutic properties of the product and the low prices of hemp, is encouraging farmers to diversify their crop options, which ultimately influences the hemp fiber market. Additionally, the increase in use for numerous food applications, the rise in the legalization in the cultivation of hemp, emerging consumer trends, the surge in the number of social media influencers, is promoting the benefits of the product, the prevalence of chronic diseases and mergers and acquisitions among key players, is positively affecting the hemp fiber market. Furthermore, research and development activities and product development are extending the profitable opportunities to the hemp fiber market players in the forecasted period from 2022 through 2028.

Global Hemp Fiber Market Rising at an Annual Rate of 6.9% Digital Journal’s recent article from Data Bridge Market Research, which claims that the global hemp fiber market is rising at an annual rate of approximately 6.9% in the forecasted period of 2022 to 2028.

Data Bridge Market Research is a multinational management consulting firm, with offices in India and Canada. The Company provides a variety of services such as market verified industry reports, technology trend analysis, formative market research, strategic consulting, vendor analysis, production and demand analysis and consumer impact studies.

Data Bridge Market Research notes that the rise in the awareness regarding the benefits of hemp is escalating the growth of the hemp fiber market. Hemp is utilized in the processing and manufacturing of various products such as paper, textile, insulation and construction material, personal care products, nutraceutical, bio-plastics and bio-fuel. Hemp is also used in food and beverage products, as it is primarily grown organically, with no use of toxic chemicals, pesticides, fertilizers or herbicides.

It is definitely an exciting time to be in the hemp market.

Thank you for consideration.

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4 Hemp key points being Health Hope and Happiness, thru Hemp“.

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CBD (Cannabidiol) is a product of the Hemp Plant Flower.

Check Your History – Who said? “Hemp is of first necessity to the wealth and protection of the country – If people let the Government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under Tyranny”

Answer, to Follow:

HINT (Our Third President )

For nearly 3000 years Hemp has been our planet’s largest agricultural crop and the most important industry producing the fiber, paper, clothing, lighting fuel and medicine used by much of humanity. It is and has always been Earth’s’ most sustainable natural resource. With modern technological advances it is now possible to make over 20,000 types of products from medicine to houses to cellophane, dynamite and most importantly as an eco-friendly alternative to traditional plastics.

Pre Hemp Prohibition

768 BC King Charles the Great encourages growing of Hemp throughout his empire.

200 BC First paper invented in China – is made from Hemp.

1454 the Gutenberg Bible – the world’s first book printed on a moveable type printing press is printed on Hemp paper.

1533 King Henry 8th issued a royal proclamation which imposed a fine on any farmer that did not use some of his land for growing Hemp to supply the King’s Navy.

1619 America’s first Hemp law orders – all farmers MUST grow Hemp. Hemp is made a legal tender (ie. can be used to pay taxes)

1690 First American Paper Mill makes paper from Hemp. 1763 Additional laws in America make growing Hemp compulsory for all farmers.

1789 “Make the most of Indian Hemp Seed and sow it everywhere” – George Washington, 1st President of USA and Hemp Farmer.

1797 “We shall, by and by, want a world of Hemp more for our own consumption” – John Adams, 2nd President of USA and Hemp Farmer.

1801 “Hemp is of first necessity to the wealth and protection of the country – If people let the Government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under Tyranny” – Thomas Jefferson, 3rd President of USA and Hemp Farmer.

1853 Levi Strauss & Co is founded in USA. The world’s first pair of jeans are made – Not from Hemp, as this is Urban Legend. However, in March, 2019, Levi’s did actually begin allowing manufacture of hemp jeans with its brand.

1897 Rudolph Diesel invents world’s first diesel engine which is designed to run on clean burning vegetable oils including Hemp Oil which does not cause pollution or create carbon buildup inside engines.

1930 Mellon, one of the most powerful bankers in USA. Mellon plus two other bankers Rockefeller and Carnegie had significant investments in Oil, Paper, Synthetic F

iber, Petrochemical Plastics and Pharmaceuticals – all of which were about to be made obsolete by technological advancements in Hemp processing.

1937 US Congress approves a bill that prohibits the cultivation of all Cannabis including Hemp.

1938 Popular Mechanics magazine article titled “New Billion Dollar Crop” announces the arrival of the new Hemp processing technology that was set to make Hemp America’s #1 commodity had it not been prohibited.

Publication Year:

1938

Popular Mechanics describes hemp as the new billion dollar crop. The article was actually written in the spring of 1937, before cannabis was criminalized. Also in February 1938, Mechanical Engineering calls hemp the most profitable and desirable crop that can be grown.

Google Books: (1938) Popular Mechanics: Billion Dollar

1941 Henry Ford finishes making a car built almost entirely from Hemp and which ran on clean burning Hemp fuel. The car being 30% lighter than steel cars therefore required less fuel. Its lightweight bioplastic body panels were many times stronger than steel – could not be dented with a sledge hammer. “Why use up the forests which were centuries in the making and the mines which required ages to lay down if we can get the equivalent of forest and mineral products in the annual growth of the Hemp Fields?” – Henry Ford

1942 US Government cannot take part in World War 2 without Hemp for military clothing and equipment so a campaign is launched to encourage and reward US farmers for growing Hemp with a PR video titled Hemp For Victory.

Hemp Prohibition

1945 At the end of World War 2 the US Government begins its campaign against Hemp and claims there never was a video called Hemp For Victory.

When US soldiers return from Europe they are ordered to put their Hemp uniforms back on and are sent out to American farms to burn all the Hemp crops.

1961 Henry Anslinger attended the United Nations and persuaded the UN to have Hemp cultivation prohibited in 150 countries worldwide.

As a consequence most of the world’s food, fiber, fuel and medicine went from being made organically by farmers to being produced chemically under the control of the Pharmaceutical and Petrochemical industries.

Hemp Legalization Begins Again

1996 Canada legalizes growing of Hemp which creates employment and hundreds of millions of dollars of revenue for the Canadian people.

2014 Section 7606 of the 2014 Farm Bill authorized hemp research and pilot programs by state departments of agriculture and institutions of higher education. Some states have licensed farmers to conduct pilot programs and research on hemp.

In 2017 there were 19 states that allowed hemp to be grown.

2018 Farm Bill

December 2018 – The Farm Bill Legalized Hemp

The 2018 Farm Bill, enacted December 20, 2018, builds upon many of the crucial programs that serve America’s agricultural producers. USDA is implementing this new bill, which includes seeking public input on programs and provisions and designing guidelines. In the meantime, programs authorized by the 2014 Farm Bill are available to serve producers now.

The 2018 Farm Bill reclassified hemp, and it is now legal to grow industrial hemp.

2021 USDA HEMP RULES

U.S. Domestic Hemp Production Program The U.S. Domestic Hemp Production Program establishes federal regulatory oversight of the production of hemp in the United States.

The United States of Hemp Hemp and marijuana are both produced from the cannabis plant, although hemp is derived from a strain that has a much lower quantity of THC, the compound that produces hallucinogenic effects.

Hemp is made from the fibers of the plant and historically has been used to make a broad variety of products, from rope to cloth to paper.

As you can imagine, it was an important product in the New World as the American colonies were being established.

It was so important, in fact, that in 1619, Virginia passed a law requiring hemp to be grown on every farm in the colony. At the time, the crop was also considered a proper form of currency in Virginia, as well as Pennsylvania and Maryland.

As new products were imported or developed to replace hemp—cotton was surely a welcome change to the itchy fibers of hemp shirts—the plant fell out of popularity.

By the end of the Civil War, the United States’ hemp production had passed its peak, but a different version of the plant was on the rise. Marijuana was becoming an increasingly popular ingredient in medicines and tinctures. The Rise of Reefer Madness The popular image of the 1950s may be all Leave It to Beaver, but underneath the pearls and penny loafers, there was a countercultural movement bubbling to the surface.

The Beat Generation emerged early in the decade, when a group of young people began to unite in their rejection of conventional society in favor of artistic and bohemian ideals. The Beatniks also enjoyed experimenting with drugs, particularly marijuana

. But the Beats weren’t the first group to embrace weed. The drug started gaining traction in the U.S. in the 1910s after Mexican refugees brought marijuana with them as they fled the violence of the Mexican Revolution. In the 1930s, it became popular among the hepsters, the black jazz community made up of “hep cats” like jazz singer Cab Calloway, who had a hit with his song “Reefer Man.”

The Roots of Criminalization The process of criminalizing marijuana had already begun, even before the Beats took up the cannabis cause. The roots of this movement are mired in a racism that still persists in how drug policies are carried out in the U.S. today.

In the 1930s, Prohibition was repealed in the middle of the Great Depression. Straight-laced bureaucrats looking for another target turned their attention to marijuana, which, at the time, was mostly being used in the Mexican and black communities. They painted the drug—and the communities using it—as a threat to the already crippled country and began the process of banning it.

Twenty-nine states had outlawed marijuana by 1931, and in 1937, the Marijuana Tax Act was passed, essentially making the plant illegal in the United States.

Since then, lawmakers have been doing a do-si-do with the drug. Over the decades, stricter enforcement and the passing of mandatory sentencing laws have traded off with repeals of those laws and efforts at legalization.

Today, 17 states have legalized marijuana (with many more allowing medical marijuana), but, as far as the federal government is concerned, the drug is still cannabis non grata.

Thank you for consideration.

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LOS ANGELES, CA July 6, 2022 Marijuana Company of America MCOA; today announced that the Company’s cDistro distribution operating entity has signed a Master Distribution agreement with multi-brand cannabis eCommerce and marketing company Mellow, a subsidiary of CBD of Denver, Inc. (OTC: CBDD), a cannabis roll-up company. The agreement covers the launch and distribution of dosist health’s award-winning line of high-concentration CBD+ formulas & products and innovative delivery vape devices to the UK & Europe. Mellow will be doing this via its newly established Mellow Distribution division.

cDistro distributes CBD brands, along with smoke and vape shop-related products to wholesalers, c-stores, specialty retailers, and consumers in North America. Mellow group operates as a multi-brand eCommerce Marketplace, a full-service digital & performance marketing agency, as well as a market expansion service into the Asian markets and was recently acquired by CBD of Denver.

The Master Distribution Agreement is for both companies to launch and distribute dosist health’s award-winning line of high-concentration CBD+ formulas & vape products throughout the UK & Europe. dosist is a globally recognized, modern wellness company empowering people to naturally manage their health & happiness through dose-controlled cannabinoid therapy. dosist is best known for its targeted formulas, proprietary award-winning dose-controlled vape devices, rigorous testing, use of medical grade and recyclable materials, and their obsession with providing consumers with a safe, natural experience, all now available in its CBD products under the brand dosist health.

dosist was named by Time Magazine as “cannabis that could replace pills“, was recognized by Fast Company as a top 10 Most Innovative Companies in the health sector and was named by LinkedIn as the #2 Top Startup on the top 50 list of hottest U.S. companies to work for. dosist health also recently won the ECRM Buyers’ Choice Award for its CBD+ Vegan, Fast-Acting Gummies during ECRM’s Hemp/CBD Health & Beauty Care forum held this past November.

cDistro and Mellow will be distributing dosist health’s complete collection of high-concentration CBD+ formulas & vape products, specifically engineered to target the need-states of sleep, calm, and relief. The dosist health collection features three performance categories including dose drop CBD+ tinctures, a full suite of CBD+ fast-acting topical solutions, and their new rapid onset gummies that are vegan, non-GMO, and made with natural flavors.

MCOA’s Chief Executive Officer, Jesus Quintero, said, “Not only do we have several new exciting distribution brands and products coming down the pipeline in the CBD/Cannabis sector, but we now have the right partner on-point in the UK and European markets with deep distribution and marketing experience to help us ensure success as we actively build up our international distribution product portfolio on behalf of dosist health and their award-winning product portfolio.

“The UK & EU vape/e-cigarette markets and growing extremely quickly and according to Statista are forecast to be valued at $4.2bn and $11bn respectively by 2025, notwithstanding the UK & EU CBD markets are also growing extremely quickly.”, said Paul Gurney, CEO of CBD of Denver.

Gurney added, “As the vape product markets increasingly blend with the CBD market, we are seeing an increase in customer interest and a blending of purchase trends. We are excited to partner with MCOA’s cDistro, to exclusively bring the award-winning dosist brand to the U.K. and European markets. This is a top 3 US brand in the CBD / vape crossover category and allows us to expand our reach to our customers. And the opportunity to distribute the dosist health portfolio offers additional upside to us.”

About Marijuana Company of America, Inc.

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.

About Mellow

Mellow group operates as a multi-brand eCommerce Marketplace, a full-service digital & performance marketing agency, as well as a market expansion service into the Asian markets, added to which is its newly formed distribution division, mellow distribution. Recently acquired by CBD of Denver, mellow is playing a key role in expanding the CBDD business revenue streams, as well as diversifying the brand portfolio, as part of a commercial roll-up strategy. With offices in the UK and Switzerland, CBDD is able to offer an end-to-end service proposition for brands wanting to enter and/or operate across the UK / EU markets, including manufacturing, production, supply-chain, distribution, eCommerce, and Marketing.

About CBD of Denver, Inc.

CBD of Denver, Inc. owns 100% of Rockflowr a full-line Distributor of CBD and Cannabis flowers and a producer of a full line of CBD oil and unique products sold in Switzerland and throughout Europe. It also owns 100% of mellow, a distributor and eCommerce technology business in the global CBD and Health & Wellness space.

As a Cannabis Roll-Up company, CBD of Denver, Inc. is focused on using equity to acquire profitable assets at attractive valuations to create value for all our shareholders and is driven by a passion to improve lives and strengthen communities by unleashing the full potential of cannabis.

Through the Rockflowr brand, CBDD has been able to build a very strong European customer base by focusing on top-quality products and meaningful customer relationships.

Thank you for consideration.

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Tag: Farm Bill 2018 arthritis homeostasis central nervous system EC endocannabinaoid brain immune cardiovascular sleep hemp

Global Hemp Fiber Market Rising at an Annual Rate of 6.9% YEARS after its Legalization in 2019.

Global Hemp Fiber Market Rising at an Annual Rate of 6.9% Digital Journal’s recent article from Data Bridge Market Research, which claims that the global hemp fiber market is rising at an annual rate of approximately 6.9% in the forecasted period of 2022 to 2028.

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Hemp History – Who said? “Hemp is of first necessity to the wealth and protection of the country – If people let the Government decide what foods they eat and what medicines they take, their bodies will soon be in as sorry a state as are the souls of those who live under Tyranny”

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Cannabis Global (CBGL) and Marijuana Company of America (MCOA) Applaud California Assembly Passage of AB 45 Allowing CBD in Food Despite Federal Red Tape

AB 45 has successfully passed California state legislative consideration

and now rests on Governor Newsom’s desk,

where it is widely expected to be signed into law over coming weeks.

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Subsidiary of MCOA Marijuana Company Of America. November 2021

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MCOA Reports 2nd Quarter and Opportunities in The Upcoming Marijuana Market

It’s Not About Legal Pot

US Cannabis Council Names Cannabis Veteran Khadijah Tribble as CEO

August 19, 2022

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