Last Week, the Governor of Illinois J.B. Pritzker put forward a plan that pointed Illinois to legalize marijuana in the state. Regulating and implementing bodies will bring this program into action at the beginning of the following year, January 1, 2020. That will be economically beneficial for the brands which have a license for medical marijuana.
However, it will be a slower pace for the ones not having a license for medical marijuana. This plan states that regulatory bodies will be giving special licenses for medical dispensaries. The authorities will be issuing the licenses from May 1 the following year. Also, the substance growers, commuters and processors will be beginning to have a license by the first week of July. The next round of business would be receiving more permits within two years.
Cannabis possession according to the plan
According to the new law for medical marijuana usage, people aged 21 and above will be allowed to possess medical marijuana for up to 30 grams. This was not legal before. However, people not belonging to the community will have a legal right to possess medical marijuana of 15 grams, that is half the amount.
Local governing bodies have the power to ban supply stores and limit their influence during the initial year of this plan. Expunge is the pivot term for the new law for Illinois to legalize Marijuana. Now individuals who are guilty of a crime or a part of class 4 felony marijuana convictions will have their past related records given a clean slate. According to the officials, there is an expectation that around eight hundred thousand people will have a significant advantage from this shift in the legislation.
The local business has a bright future in the cannabis industry
In addition to this, there will be an establishment of a $20 million money loan program. This program will ideally motivate variety in the marijuana business shareholders and ownership. It is a low interest program so that it will be more convenient for interested parties. Also, according to the rules as put up in the plan, there will be no allowance for commercial producers that are based on substantial scale growth. This will encourage small communities and smaller, local markets to grow which will be benefiting to them. This will not be only advantageous economically, but it will also create the diversity that will lead to more expansion in the market. This way, there will be more room for growth in the cannabis market.
Residents can grow up to 5 plants
According to the plan, residents would have the right to produce a maximum of five plants. However, one of the sponsoring members of the team suggested that there be not only a little number of people that have chances to grow better financially and have better opportunities. “We want to make a lot of new business leaders in the state through this process.”
The plan proposes that the revenue built up from this scheme will be utilized and invested for covering up the costs of the program. Following that criteria, regulating bodies will also use this revenue to sponsor the Restoring Our Communities grant program. In addition, they will also employ it for funding drug abuse services, law enforcing grant schemes, and even the fund for the general state.
Green Market Summit is taking place right now!
The Green Market Report hosted its first Chicago Green Market Summit on May 7. It took place in downtown Chicago, the central city of Illinois. The event will cover up all details that pay attention to the emerging new market in the state. In addition to this, it will also be the platform to show a significant number of local businesses.
HempMeds® announces partnership with Sezzle, Offers New Payment Solution
Medical Marijuana, Inc, the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay has recently announced a partnership of its subsidiary HempMeds with Sezzel, a leading alternative digital payment platform.
Located in U.S, the first ever publicly traded cannabis company Medical Marijuana inc. has also recently launched a new line of cannabis-derived nutraceutical products, brands and supply chain. As its subsidiary, HempMeds is a corporate portfolio company which is also the Company’s master distributor and contracted marketing company, handling sales and distribution.
Sezzle, a leading alternative digital payment platform offers customers cutting-edge payment alternatives. HempMeds® customers can choose Sezzle at checkout to delay full payment for their items, at zero percent interest. Consumers receive their items right away and Sezzle pays merchant upfront and assumes all repayment risk. It requires a 25 percent down payment at the time of purchase and the remaining balance is automatically scheduled as three equal-installment payments to be paid every two weeks.
President Todd Morrow of HempMeds said that their aim is to provide better services so everyone with a tight budget can afford the benefits. Sezzle offers a “buy-now, pay-later” service that does not require shoppers to enter into a traditional loan or pay any upfront fees or interest. Sezzle is certified up to PCI DSS Level 1 as a Service Provider. He further stated, “Partnering with Sezzle means that we can provide our customers with an easy way to lift some of the financial burden during this expensive time of year.”
HempMeds® was the first company to ever bring hemp-based cannabidiol (CBD) oil products to market in the U.S. and was also the first to make CBD products available in bulk for U.S. consumers. It was also the first-ever company to receive historic federal government import approvals for its CBD products in the nations, as well as the first to have its CBD products listed in the Prescribers’ Digital Reference and one of the first to be certified by the U.S. Hemp Authority.
Medical Marijuana, Inc. CEO Dr. Stuart Titus mentioned, “With the number of new consumers becoming interested in purchasing CBD, we believe that Sezzle is a great opportunity to make our CBD products more accessible to people of all socioeconomic backgrounds.” The number of people searching for e-commerce outlets to purchase CBD has increased every year since 2017. Researchers found that online search volume for CBD in the U.S. increased 160.4 percent in 2018 compared with 2017 and is expected to increase by 117.7 percent in 2019 compared to 2018.
Flower One partners with Kiva Confections, Premium Cannabis Confections
Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. They have more than 20 years of greenhouse operational excellence with best-in-class cannabis operators, Flower One offers consistent, reliable, and scalable fulfillment to a growing number of industry-leading cannabis brands. The company produces a wide range of products ranging from wholesale flower, full spectrum oil, and distillates to finished consumer packaged goods including flower, pre-rolls, concentrates, edibles, beverages, and topicals for the top-performing brands in cannabis.
Flower One has announced its brand partnership with California-born Kiva Confections (“Kiva”), bringing their industry-leading, premium cannabis confections to the Nevada market. Kiva’s presence in Nevada will redefine consumers’ expectations of cannabis confections as they are in the market for 9 years and known for their precise, discreet, and delicious edibles.
Kiva currently occupies 5 of the top 10 selling edibles products in the state of California, and with their first launch Kiva’s Camino Gummies is introducing custom combinations of THC, CBD, and a range of carefully curated terpenes, Camino provides the most tailored cannabis experience on the market. Camino Gummies will be available in the Wild Berry (“Chill”), Sparkling Pear (“Social”), Pineapple Habanero (“Uplifting”), Wild Cherry (“Excite”), and Watermelon Lemonade (“Bliss”) flavours.
The Chief Strategy Officer at Flower One, Kellen O’Keefe is thrilled to announce the addition of Kiva Confections as their brand partners. He stated, “Kiva’s built an industry-leading, premium brand focused on quality and consistency. Their delicious, low-dose options and unique formulations will make excellent additions to Nevada’s growing variety of exceptional cannabis products.”
Kiva has become the most recognized edible brand in cannabis and the leading edible company in California after being launched in 2010. In addition to California and Nevada, Kiva products can be found in Arizona, Illinois, Michigan and Hawaii. Kiva’s product portfolio also includes its award-winning Kiva Bars, Petra Mints, Terra Bites, and Singles, all of which are scheduled to launch in Nevada retailers in 2020.
CoFounder and CEO at Kiva Confections, Scott Palmer also finds it reassuring that they are partnering up with Flower One. More people will have access to their delicious, trustworthy, award winning edibles. He also added, “With Flower One’s production and cultivation expertise, we are confident that this partnership will allow us to build on the business reputation and loyal following we have established in California – one of the most competitive and evolved cannabis markets in the world.”
Sh’nnong Beverage Company Launches Iced Teas with added CBD
Former PepsiCo global chief marketing officer, Jill Beraud and Charlie Herbstreith, executives with over 25 years of business and marketing expertise are launching their own brand of Iced Teas. Newest Má Functional Iced Teas with CBD+ natural botanicals is set to make its way to over 500 The Vitamin Shoppe stores. Beverage Company’s next-generation plant-based beverages start with the finest Green, Oolong or Bai Mudan Teas blended with CBD+ natural botanicals to detox, focus or relax. It might be new in the market, but it goes back to 2737 BC when Emperor Shennong of China discovered tea and combined it with organic hemp and botanicals to make his original Má brews.
Jill Beraud, CEO and Cofounder of Sh’nnong Beverages Company, is no stranger to the iced tea beverage category, as he previously served as President of Starbucks & Lipton Joint Ventures at PepsiCo. Sh’nnong Beverage Company is raising the bar with the next generation, plant-based beverages by infusing each Má Iced Tea with CBD+ natural botanicals. CBD+ not only harnesses the functional benefits of zero-THC Hemp CBD but elevates those benefits by combining it with nearly 20 different herbs and spices inspired by the original Má brews of Emperor Shennong. Shennong used his brews to treat a variety of conditions and later became known as the Father of Chinese Herbal Medicine.
Jill Beraud stated that he finds The Vitamin Shoppe as the perfect partner for this launch as they are known for establishing themselves as CBD, Central across multiple categories and have tremendous in store expertise in health, wellness and nutrition. The Vitamin Shoppe is located in Secaucus, New Jersey, the Company offers a comprehensive assortment of nutritional solutions, including vitamins, minerals, specialty supplements, herbs, sports nutrition, homeopathic remedies, green living products, and natural beauty aids. Sharon Leite, CEO of The Vitamin Shoppe, commented: “As a trusted resource for CBD hemp extract products, we are thrilled to be the exclusive launch partner of Má Functional Iced Teas with CBD+, providing our customers with a refreshing and delicious option in this category. We are especially excited to team with visionaries like Jill Beraud and Charlie Herbstreith.
All Má Functional Iced Teas with CBD+ Natural Botanicals are available exclusively at The Vitamin Shoppe, Má Iced Teas are carefully curated into three distinct blends and have no added sugar with less than 10 calories just for $4.99. For the time being, there are 3 unique blends available:
- FOCUS: Oolong Peach Spark that helps in feeling more focused with CBD + brain-stimulating adaptogens of ginkgo biloba, gotu kola and Rhodiola Rosea. With 40mg of natural caffeine added, it helps promote cognitive brain activity.
- RELAX: Lavender Berry Chill features blueberry-infused, caffeine-free Bai Mudan Tea blended with CBD, chamomile, lavender, lemon balm, elderflower and passionflower to impart calm and help reduce stress and anxiety.
- DETOX: Emperor Spice Cleanse is a caffeine-free, detoxifying brew to help purify the mind, body and soul with CBD + Green Tea, lemon, chamomile, schisandra berry and dandelion root to help remove toxins from the body.
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