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Posted on 12/21/2021 by Steven M Smith — Leave a comment

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.

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.

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Posted on 11/16/2021 by Steven M Smith — Leave a comment

Surge in the Majority of Cannabis Stocks This Past Friday – Ahead of States Reform Act

Nov. 15, 2021 1st Hemp USA Reposts- The recent surge of cannabis stocks after news of a draft bill, known as the States Reform Act, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill, that is set to legalize and tax marijuana.

This news created a surge in the majority of cannabis stocks on Friday, November 12, 2021

According to news sources, Rep. Nancy Mace (R-SC) is leading the preliminary marijuana bill (still being circulated for feedback) and hopes to have a final version officially filed later this month.

This is a huge development in the marijuana industry making this a very active year on the Hill for cannabis reform. “Republican buy in could prove critical to getting something over the finish line, and the Mace measure seems aimed at appealing to the states’ rights and business interests of conservative colleagues on her side of the aisle while also incorporating some restorative justice and tax elements largely favored by progressives,” cited the source.

Cannabis would be federally de-scheduled and treated in a manner similar to alcohol.

A 3.75 percent excise tax would be imposed on cannabis sales. Revenue would support grant programs for community reentry, law enforcement and Small Business Administration (SBA) aid for newly licensed businesses.

The Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) would be the chief regulator for marijuana with respect to interstate commerce.

The Food and Drug Administration (FDA) would be limited in its regulatory authority, with the intent being that it would have no more control over cannabis than it does for alcohol except when it comes to medical cannabis.

The agency could prescribe serving sizes, certify designated state medical cannabis products and approve and regulate pharmaceuticals derived from marijuana, but could not ban the use of cannabis or its derivatives in non-drug applications, like in designated state medical cannabis products, dietary supplements, foods, beverages, non-drug topicals or cosmetics.

Raw cannabis would be considered an agricultural commodity regulated by the U.S. Department of Agriculture (USDA). The legislation would grandfather existing state-licensed cannabis operators into the federal scheme to ensure continued patient access and incentivize participation in the legal market.

As federal agencies work to promulgate rules, there would be safe harbor provisions to protect patients and marijuana businesses acting in compliance with existing state laws.

People with certain federal cannabis convictions that were non-violent would be eligible for expungements.

To prevent youth use, there would be a mandatory 21 age limit for recreational cannabis, and the bill also prescribes certain restrictions on things like advertising. SBA would need to treat marijuana businesses the same as other regulated markets, like it does for alcohol companies, for example.

The measure also stipulates veterans can’t face discrimination in federal hiring due to cannabis use, and doctors with the U.S. Department of Veterans Affairs (VA) would be specifically authorized to issue recommendations for medical cannabis for veterans.

Federal agencies could continue to drug test for marijuana.

The Bureau of Labor Statistics (BLS) would be required to issue a report to Congress on the marijuana industry.

Provisions are subject to change as the proposal is finalized ahead of its formal introduction in Congress.

What does this look like for investors in the cannabis sector?

Increased trading as the push for federal cannabis reform continues;

with upcoming healthy 4th quarter earnings; and cannabis listed as one of the top five crops in the U.S.

“As it stands, cannabis is already a multi-billion dollar industry and reports show that this number will only increase over time.”

With the market expected to grow to $51 billion by 2025, can one expect anything less?

Lucrative opportunities abound in the cannabis sector much like in the industrial hemp sector. Industrial hemp has nearly unlimited potential and the surface of that potential has only been scratched. With immense profits to be made, there is no doubt that companies in the industry, will benefit from it.

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Posted on 11/14/202111/14/2021 by Steven M Smith — Leave a comment

President Joe Biden Announced Friday Intention To Nominate Dr Califf as Food and Drug Administration (FDA) Commissioner, Who Once Prescribed Marijuana

President Joe Biden announced on Friday that he intends to nominate a new Food and Drug Administration (FDA) commissioner who has acknowledged the potential medical benefits of marijuana and says he actually prescribed a cannabinoid drug as a doctor.

Dr. Robert Califf, who previously served a short stint as the FDA head under the Obama administration, hasn’t been especially vocal about marijuana issues.

But at a 2016 federally hosted research summit on cannabis, he recognized various therapeutic applications for the plant and its components and emphasized that the agency is interested in promoting research and development. “We understand that people have identified a number of possible uses of marijuana and marijuana-derived products. For example, AIDS wasting, epilepsy, neuropathic pain, treatment of spasticity associated with multiple sclerosis, cancer and chemotherapy-induced nausea,” Dr. Califf said.

“And I had the chance to prescribe some of this in my cardiology practice in people with extreme heart failure who get a wasting cachectic syndrome.” Notably, he also said that while FDA had yet to find that botanical marijuana is “safe and effective for any indication,” that’s not to say there aren’t any good uses for it, and additional studies could shed light on the situation.

FDA’s position on cannabis is “not because we’ve had a ton of applications to look at,” he pointed out. “It’s because we haven’t gotten them into the pathway,” Califf said. “What this means is that no one has demonstrated to FDA that any such product is safe or effective for the treatment of any disease or condition. To change that we need studies conducted using marijuana to rigorously assess the safety and effectiveness of marijuana for medical use.”

“Then we need to get those studies submitted to FDA and a marketing application for review under the legal standard set out in the federal Drug and Cosmetic Act,” he said.

“This assures that the drug product meets the statutory standards for approval.” “This is what we really want and we actively encourage it and want to work with people to make this happen,” he added.

“To do this, we know we need to facilitate the work of companies interested in appropriately bringing safe, effective and quality products to market, including scientifically based research concerning these medicinal uses.”

“We believe this process, which includes collaboration with other federal and state agencies, researchers and manufacturers working on issues related to the use of cannabidiol and other constituents of marijuana in the U.S. remains the best way to identify new treatments that are safe and effective for patients and to protect patients from products that are not what they purport to be.”

At the summit, Califf also noted that FDA has approved synthetic cannabis products like Marinol for the treatment of anorexia associated with AIDS and nausea related to chemotherapy treatment.

The approval of these substances “supports the point I made earlier that our decisions on the approval of any medicine relies on the science to determine the safety and effectiveness of new medicines. And it’s also consistent with the approach we’ll continue to take going forward in this area,” he said.

Overall, the remarks suggest that, if confirmed, it doesn’t seem that Califf wouldn’t be hostile toward attempts to explore the therapeutic potential of cannabis. But he does seem to defer to statutory processes within FDA that favor pharmaceutical approaches to these medicines that have so far kept marijuana in a tightly regulated drug category.

Separately, some vaping stakeholders have raised concerns about the prospective nominee, pointing to a 2019 op-ed he authored that advocated for a ban on flavored vape products as a way to mitigate the risks of the e-cigarette or vaping use-associated lung injury (EVALI) crisis.

“I believe that we should move to enact strict regulation to limit the harm done by vaping products, augmented by an aggressive public education program that is particularly aimed at vulnerable young people, but not excluding adults,” Dr. Califf wrote at the time.

However, he acknowledged that an “outright prohibition of vaping products seems impracticable on several grounds,” adding that the “regime of legal prohibition also dissuades people from seeking help with addiction for fear of stigma that might negatively affect future employment and social mobility.”

I f Califf does become commissioner, he’ll have his work cut out for him on the cannabis front.

For example, industry stakeholders are eagerly awaiting action by the FDA to allow CBD to be marketed as a food item or dietary supplement.

T he agency has said that it is exploring regulatory pathways to allow for such cannabidiol commerce, but bipartisan lawmakers have introduced legislation this session to force a change.

FDA was mandated under appropriations legislation enacted in 2019 to provide an update on its regulatory approach to CBD, and it did so in March of last year.

The update stated that “FDA is currently evaluating issuance of a risk-based enforcement policy that would provide greater transparency and clarity regarding factors FDA intends to take into account in prioritizing enforcement decisions.”

A nother issue that FDA is focusing on concerns delta-8 THC products that are made through a synthetic process using hemp-derived CBD.

The agency issued warnings to consumers about the potential risks of the cannabinoid in September.

FDA also recently announced that it plans to use Reddit and other “novel” data sources to gain a better understanding of public health issues surrounding use of CBD and other “emerging” marijuana derivatives like delta-8 THC.

With respect to broader marijuana policy, FDA would play a critical role in any moves to reschedule or deschedule cannabis.

If a scheduling petition is accepted, the agency would need to assess the scientific, medical and public health implications before submitting that review to the Justice Department with its recommendations.

FDA Acting Commissioner Janet Woodcock, meanwhile, frustrated advocates earlier this year after dodging a congressman’s question about whether marijuana is more harmful than tobacco.

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Posted on 11/07/202112/05/2021 by Steven M Smith — Leave a comment

OG: the Old Gangster is Back

Let’s dig into its weed culture nomenclature — and there are a lot of theories. Some say it’s an acronym for “ocean grown,” “original gangster,” or a shortened version of the word “original.”

If you’ve seen the term “OG” pop up in online media or social feeds, we won’t blame you if you have only a vague idea of what it means.

Most of the time, it seems like an internet slang term that could refer to anything and everything. Urban dictionary’s top definition says it used to mean “original gangster” but is now used as a shorthand for “original.”

A quick Twitter search for #OG ran the gamut from workout goals to happy birthday wishes to pictures of adorable dogs in winter sweaters.

So, what does OG actually mean? The short answer: it means a lot of things to a lot of different people.

In weed culture, OG are two letters you will see in front of a lot of strains that feature the parent strain, OG Kush. Given the frenzied pace of strain breeding right now, hot new strains come and go, but OG Kush has maintained its indisputable popularity. It’s even Weedmaps’ number one most popular strain and reigning Strain Madness champion.

This sativa-leaning hybrid is best known for its epic potency, with THC percentages regularly coming in at 20-25%. Some OG Kush consumers report long-lasting effects that land more in the head than the body, while intensifying sound and color. Described as having an earthy, berry, or citrusy taste, this happy, giggly, and relaxed strain is outstandingly social. No wonder strain breeders seek its parentage.

The OG origin story

Now that we know what to expect from consuming this uber-popular strain, let’s dig into its weed culture nomenclature — and there are a lot of theories. Some say it’s an acronym for “ocean grown,” “original gangster,” or a shortened version of the word “original.”

To know what OG means, you need to know the names of two cannabis growing forefathers who first became friends and roommates in Los Angeles in the early 1990s: Matt “Bubba” Berger, who currently works as a consultant and dispensary owner in Denver’s legal cannabis market, and Josh Del Rosso aka Josh D, Founder and Managing Director of Josh D Farms.

In Berger’s telling, he cultivated the strain in Florida from a random bag of flower he got from a friend in 1992. Another friend, impressed by the strain’s frosty colas, said the buds resembled “kushberries,” which was then shortened to “kush.” In 1996, Berger returned to LA with his kush seeds, and he and Del Rosso planted Kush, Bubba (another of Berger’s strains), and Purple Indica in the crawl space of a rental house they shared.

Word of Del Rosso and Berger’s Kush strain took off and demand soared, reaching $8,000 a pound in the late 90s — that’s around $13,400 in today’s dollars. But with success came imitators hoping to cash in on the Kush phenomena.

Del Rosso and Berger added “OG” to their original Kush to distinguish it from all the others, which stands for “original.” Adding one more layer of confusion, Berger and Del Rosso’s Kush is totally separate and unrelated to landrace kush, an indica that originated in Afghanistan.

OG Kush was hugely popular with 90s consumers, largely for its inclusion in hip hop culture in Los Angeles.

It’s been said it was a favorite of superstar pot celebrity Snoop Dogg and rapper B-Real of the West Coast hip-hop group Cypress Hill (who later released an album titled Greatest Hits from the Bong in 2005).

What does OG mean in pop culture?

So how did the term OG catch on in pop culture? That’s a winding road that leads back to the early 1970s, originating with the LA-based gang the Crips. Originally, it was an all-encompassing term that stood for “original gangster” and simply meant that they were literally the first, e.g. “OG Eastside Crip.”

Over time, the term broadened and evolved, and could refer to someone who showed extreme loyalty to the gang. The term was also used by younger members when referring to the elder gang members as a sign of respect.

As hip-hop and rap music began their mainstream ascent in the 80s, the term OG began to shift from gang culture to rap music and videos when artists sometimes referred to exceptionally badass aspects of gang culture as OG.

See related image detail

Rapper and actor Ice-T may be most responsible for bringing the term to a wider audience with his album and single of the same name,

“O.G. Original Gangster,” which reached #7 on 1991’s Billboard rap chart. That could be what inspired Del Rosso and Berger, but that’s impossible to know for sure.

Eventually, the term seeped into establishment culture and continued to expand its meaning. Today you see it everywhere as a reference to something or someone that has exceptionally impressive skills, exemplifies a particular quality, or is the first of its kind.

Image result for ocean grown

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Posted on 04/12/202104/12/2021 by Steven M Smith — Leave a comment

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