Avicanna’s closing of non brokered private placement of debenture units

(Globe Newswire) Toronto — Avicanna Inc., an innovative, commercial stage, and international biopharmaceutical company focused on the development advancement, and commercialization of evidence-based, cannabinoid-based products, is pleased to announce that it has closed a non-brokered private placement of 1,455,000 debenture units of the company at a price of $1 per unit, for aggregate gross proceeds of approximately $1,455,000.

Each unit consists of an aggregate of $1 principal amount of secured subordinated debentures and 1 common share purchase warrant.

The debentures will mature one year following the closing of the offering and are not convertible into equity securities of the company. The debentures will bear interest at a rate of 18 per cent per annum until the maturity date. The debentures are subject to a 2 per cent administration fee. The company may prepay the debentures at any time prior to the maturity date subject to a one-time prepayment fee of 1.5 per cent of the principal amount.

The debentures will rank pari passu in right of payment of principal with all other debentures issued under the offering and will be subordinated to the then currently outstanding convertible debentures issued on January 28, 2022, as amended on January 28, 2023.

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Each warrant is exercisable into one common share in the capital of the company at a price of $0.35 per share for a period of three years from the closing of the offering.

The company intends to use the proceeds from the offering for the ongoing development of the company’s business model and for general working capital purposes, general and administrative expenses, repayment of debt, expenditures related to production and manufacturing, and research and clinical development. All securities issued under the offering, including securities issuable on exercise thereof, are subject to a hold period expiring four months and one day from the date hereof.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX.

The company has also entered into amending agreements with certain holders of senior debentures bearing an outstanding principal amount of $562,000. Pursuant to the amending agreements, the term of the senior debentures has been extended to October 28, 2023, the company will pay to the holders of senior debentures a one-time extension fee equal to 5o per cent of the principal amount of senior debentures outstanding, and the senior debentures will bear interest at a rate of 20 per cent per annum from and after July 28, 2023.

If the debentures are not repaid by the maturity date or if there is a default under the senior debentures, there will be a one-time penalty fee of 5 per cent of the outstanding principal amount and the debentures will bear interest at a rate of 22 per cent per annum.

World’s first legal exporter of psilocybin launches ONE Psychedelic Retreats and PATOO psilocybin gummy

(Globe Newswire) Runaway Bay, Jamaica — Rose Hill, the leading cultivator, supplier and exporter of premium psilocybin products and biomass in Jamaica, celebrates the premier of their psychedelic wellness program, ONE Retreats, and the launch of their newest psilocybin product the PATOO gummy. These milestones strengthen Rose Hill’s total business and prime the company for U.S. expansion.

As one of the seven countries worldwide where the cultivation and consumption of psychedelic mushrooms are legal, Jamaica is a prominent region for the psilocybin industry. Rose Hill has emerged as the largest legal, natural psilocybin producer in Jamaica and the first legal exporter globally. Since 2015, the company has been cultivating and breeding multiple varieties of psychedelic mushrooms, while adhering to sustainable and ethical cultivation practices that surpass industry standards.

Rose Hill currently operates through three main business channels: Rose Hill, responsible for overseeing the science, research, and development; PATOO, Jamaica’s first legal psychedelic CPG line of psilocybin products; and most recently, ONE Retreats, an experiential psilocybin retreat centered around wellness and healing.

“We are thrilled to launch the next iteration of our psilocybin product brand, the PATOO gummy. Crafted with the same proprietary formulation as our favored psilocybin-infused Chocolate Bars and Honey, we created PATOO to give those in search of lab-tested, naturally derived wellness product options at accessible price points,” said Charles Lazarus, Rose Hill’s co-founder/managing partner, chief of cultivation and production. “We hope that a well-respected and recognized brand like PATOO will further lift the stigma associated with psychedelics and create the much-needed legitimacy this industry needs.”

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Since 2018, PATOO has employed a natural harvesting process of indigenous Jamaican psilocybin fungi curated with the utmost quality standards to ensure the medicine’s integrity, consistency, and efficacy. The company currently offers a range of legal and lab-tested psilocybin-infused products, including their premium chocolate bar crafted with organic Jamaican cacao, and their handcrafted micro dose honey, which undergoes a meticulous three-month infusion process to deliver a pure, undiluted, and unprocessed final product. This July, PATOO launched their vegan psilocybin gummies, made with extract, and earthed from the same organic psilocybin biomass and ingredients found in their industry-revered products. PATOO products are available through over 30 retailers in Jamaica including dispensaries, hotels/retail stores, and retreats.

“We are honored to bring forth ONE Retreats, Rose Hill’s experiential psilocybin wellness program, with our inaugural launched this past June 2023 in West End Negril. Our first retreat was extremely special as we had the honor to work with a group of veterans seeking an alternative form of medicine,” said Kevin Bourke, Rose Hill co-founder/managing Partner, chief marketing and branding officer.

“Generations have turned to psilocybin and other mushroom variations for their immense potential to heal, and ONE is our commitment to offer access to much-needed medicine. Having supplied various retreats since 2018, Rose Hill has set the highest standards for psychedelic-assisted wellness programs in Jamaica and across the globe. Sessions with ONE Retreats are overseen by trained psilocybin therapists and medical professionals who ensure the safety and confidence of each guest. We are looking forward to the next ONE Retreat scheduled for October 2023.”

Beyond supplying wholesale and retail outlets, mushrooms supplied from Rose Hill are also part of ongoing research and clinical trials through its export contract with Mydecine Innovations Group, a publicly traded company based in Canada with headquarters in Denver, CO. This groundbreaking partnership marked the first legal international export of psilocybin in March 2021. Furthermore, Rose Hill is currently in the process of applying for a manufacturing and services license in Oregon, leveraging its team’s expertise in cannabis operations and retail networks.

Rose Hill’s co-founders also serve as the inaugural advisors on Jamaica’s Psilocybin Mushroom Industry Technical Committee (JPMITC) under The Bureau of Standards where they have been tasked to advise on the formalization of industry guidelines and regulations. From participation on the committee and the company’s growth trajectory, Rose Hill is poised to revolutionize the legal psilocybin industry by providing safe, high-quality psychedelic products that advance wellness.

Delta 9 expands distribution business in Manitoba

(Globe Newswire) Winnipeg — Delta 9 Cannabis Inc. is pleased to announce that, through its wholly owned subsidiary Delta 9 Logistics Inc., it intends to expand its distribution and cross-docking business in Manitoba as a result of Manitoba Liquor & Lotteries Corporation changes to wholesale distribution regulations.

Effective July 31, 2023, MBLL implemented a set of new regulatory enhancements intended to improve lead times for the delivery of cannabis shipments from suppliers and distributors to Manitoba based retailers.

The enhancements will allow the company to bring additional cannabis inventory from third-party suppliers into the province, closer to the operating retail network, and significantly improve the lead time and fulfilment cycles experienced by retailers. This inventory no longer needs to be subject to a purchase order to enter the province. MBLL also announced it will remove the previous 8-day holding period for retailer orders, allowing purchase orders to be shipped immediately.

“We view these announcements from MBLL as material in improving the supply chain cycle efficiency for Manitoba based retailers and improving logistics cost efficiencies for out of province suppliers. We believe that these changes will allow us to significantly expand our list of cross-docking and distribution customers and increase overall revenues from this new growth segment. We applaud MBLL and the Manitoba government who have taken several proactive steps in the past number of months to support the cannabis industry including the repeal of the 6 per cent retail social responsibility fee.” — John Arbuthnot, CEO, Delta 9

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The company anticipates that the move to warehouse inventory in Manitoba at its Winnipeg based facilities will allow it to shorten lead times for deliveries to 3 – 5 business days, from 3 – 5 weeks previously. The company currently operates an 11,000 sq ft cannabis warehousing and distribution operation licensed by MBLL and the Liquor Gaming and Cannabis Authority. The company intends to begin executing expanded distribution agreements with suppliers immediately and anticipates that distribution shipments of locally stored products will begin in Q3, 2023.

“Our cross-docking, distribution, and logistics services further enhance our strategic relationships with key licensed producer partners across all segments of Delta 9’s business in Canada and we look forward to adding efficiency and a high level of service to customers in Manitoba,” said Arbuthnot.

420 with CNW — DOJ Wants Federal Court to Throw Out Case on Overdose Prevention Sites

420 with CNW — DOJ Wants Federal Court to Throw Out Case on Overdose Prevention Sites

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The Biden administration has consistently expressed its commitment to approaching the overdose crisis through harm-reduction measures. One key aspect that advocates have been closely monitoring is whether this approach would extend to the authorization of safe consumption sites, where individuals can use illicit substances under medical supervision.

However, activists received disappointing news as the Justice Department has decided to reject legal arguments advocating for possible exceptions to the federal ban on such facilities. Subsequently, they are seeking to dismiss a long-standing lawsuit that could have enabled the opening of a safe drug consumption facility in Philadelphia known as Safehouse, which had been blocked during the Trump administration.

Throughout the legal challenge, the Justice Department’s stance remained uncertain. Some indications suggested they might yield the case, allowing the harm-reduction strategy to move forward. In response, Pennsylvania lawmakers initiated efforts to implement a statewide ban on harm-reduction centers, successfully passing a bipartisan bill in the Senate in May 2023.

Even some legislators who support cannabis legalization have urged the federal court to prevent Safehouse from opening, and they sought permission to file a brief in the case. Additionally, a coalition of 20 Pennsylvania community groups also sought to intervene in the lawsuit.

However, the U.S. District Court for the Eastern District of Pennsylvania denied these requests, as the government was unequivocally defending the existing statute and opposing overdose prevention sites.

The Justice Department, in its motion to dismiss the case, countered Safehouse’s legal arguments that it should be exempt from CSA enforcement due to religious freedom laws. The DOJ emphasized that Safehouse is not a religious organization.

Safehouse now has until Aug. 15, 2023, to present any opposing briefs to the Justice Department’s motion to dismiss; the DOJ will respond to these arguments by September 8.

Frank James, a Safehouse board member and a retired president of Missio Seminary, expressed deep disappointment in the government’s stance. He conveyed that the organization feels hindered from following its strongly held religious convictions, especially as the overdose death rate continues to rise.

Initially, the DOJ declined to provide its position on the harm-reduction issue, requesting more time to respond to the complexities of the case. Last year, it mentioned evaluating possible guardrails for safe consumption sites.

In January, the DOJ and Safehouse agreed to transfer the case to mediation before a magistrate judge, raising hopes for a potential resolution. However, it is now evident that the department remains steadfast in its opposition to the case.

It now looks like entities SUCH AS IGC Pharma Inc. (NYSE American: IGC) may be the ones to play a major role in bringing about significant drug reform by commercializing marijuana treatments that pass FDA scrutiny. In this way, the notion that marijuana is a dangerous substance could be reexamined and policy reforms effected federally.

NOTE TO INVESTORS: The latest news and updates relating to IGC Pharma Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW420? Ask our Editor

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CNW420 is part of the InvestorBrandNetwork.

One Fine Day by Tom MofWooFoo

One Fine Day by Tom MofWooFoo

One Fine Day

The sun stood still for a moment just above the edge of the mountain line, shining through the trees, as if to say goodbye, until we meet again…we did it, another day done, done well, well done, good night. and then slid out of sight, leaving luminous clouds, elegantly colored, their hue subtly changing second by second. The passing days are like passing thoughts, passing shadows, they vanish so quickly. Each precious day is lost forever, only some memories may remain. If you try to grab hold of a river, you never will be able to, its the same with each day, you can’t hold it, you can only be in it, which is a lot when you think about it.
One fine day… the story of our lives here. Everything has to happen within the confines of a 24 hour day. You can’t escape it. Here, it seems that each day is beautiful without exception. Just like if you observe nature, you discover that every part of it is beautiful to look at. Even if it rains, it still is fine enough for me. And hopefully, each of us enjoys each day and your day is filled with soft, fluffy, lovelinesses, loftiness, and wonderful moments, like something chocolate on the outside and creamy on the inside. If only everyone could appreciate all the incredible things that each day brings.
I want to live where everyone is happy and friendly/ humble, each one following at least one of his passions, where freedom truly reigns. Experiencing the wonder of each passing day individually and communally, sharing the joy!
You may say, I’m a dreamer, but I’m not the only one, I should imagine. I should hope.
One fine day, you will die or be dying, hopefully with no regrets and gently, surrounded by love and maybe after you pass you become aware of an infinite unconditional love that is everything and everywhere as was experienced by a woman who died and then was revived after a time.
The thing is I could go on, but that seemed like a good place to end. So, this part is only for people who don’t know when to stop, like myself.
The fading light is drenching the darkening greenery deeply, the dynamic and uniquely shaped clouds on two levels, set off by the luminous sky, with its illusion of extending into infinity, its pale colors briefly and deftly smudge the airy openness like illuminated fragrances, creating a glorious harmonious crescendo, exhaulting the day! it slips seamlessly into a restful, overarching and vast darkness, sprinkled with sparkling stars, messengers of hope and possibilities. In front of which I feel both humbled and empowered, to happily play a part in tomorrow, the next fine day.
To exist, or to be a human on this planet takes a lot of courage with all of the harsh realities that lurk in the shadows of the glorious light; the police and armies, hunger, sickness, crime, death, and pollution, and on and on. I’m surprised at how much courage we all have. I think it is overlooked. So many people without the basics or the means to get them, like the little children on the streets of Sao Paulo, the droned populations of Pakistan, or those who eke out an existence in the garbage dumps of huge metropolitan 3rd world cities, living from day to day, just trying to survive. I can’t wait till we get out of this cruel, inhumane system that we are trapped in.
Our time in paradise (Vilcabamba, Ecuador) is so precious, tranquil and perilous. As individuals we are essentially powerless against the system.
Only through unity can we survive the future.
Their job: keep us separated.
Our job: human family, rise up, unite, put aside all divisiveness, no matter what, keep the peace, be the love… I know we will all be free, one fine day.
Note: my photo of pond at Chambalabamba

Technocensorship: The Government’s War on So-Called Dangerous Ideas

Technocensorship: The Government’s War on So-Called Dangerous Ideas

www.rutherford.org

Technocensorship: The Government’s War

on So-Called Dangerous Ideas

By John & Nisha Whitehead

“There is more than one way to burn a book. And the world is full of people running about with lit matches.”—Ray Bradbury

What we are witnessing is the modern-day equivalent of book burning which involves doing away with dangerous ideas—legitimate or not—and the people who espouse them.Seventy years after Ray Bradbury’s novel Fahrenheit 451 depicted a fictional world in which books are burned in order to suppress dissenting ideas, while televised entertainment is used to anesthetize the populace and render them easily pacified, distracted and controlled, we find ourselves navigating an eerily similar reality.

Welcome to the age of technocensorship.

On paper—under the First Amendment, at least—we are technically free to speak.

In reality, however, we are now only as free to speak as a government official—or corporate entities such as Facebook, Google or YouTube—may allow.

Case in point: internal documents released by the House Judiciary Select Subcommittee on Weaponization of the Federal Government confirmed what we have long suspected: that the government has been working in tandem with social media companies to censor speech.

By “censor,” we’re referring to concerted efforts by the government to muzzle, silence and altogether eradicate any speech that runs afoul of the government’s own approved narrative.

This is political correctness taken to its most chilling and oppressive extreme.

The revelations that Facebook worked in concert with the Biden administration to censor content related to COVID-19, including humorous jokes, credible information and so-called disinformation, followed on the heels of a ruling by a federal court in Louisiana that prohibits executive branch officials from communicating with social media companies about controversial content in their online forums.

Likening the government’s heavy-handed attempts to pressure social media companies to suppress content critical of COVID vaccines or the election to “an almost dystopian scenario,” Judge Terry Doughty warned that “the United States Government seems to have assumed a role similar to an Orwellian ‘Ministry of Truth.’

This is the very definition of technofascism.

Clothed in tyrannical self-righteousness, technofascism is powered by technological behemoths (both corporate and governmental) working in tandem to achieve a common goal.

The government is not protecting us from “dangerous” disinformation campaigns. It is laying the groundwork to insulate us from “dangerous” ideas that might cause us to think for ourselves and, in so doing, challenge the power elite’s stranglehold over our lives.

Thus far, the tech giants have been able to sidestep the First Amendment by virtue of their non-governmental status, but it’s a dubious distinction at best when they are marching in lockstep with the government’s dictates.

As Philip Hamburger and Jenin Younes write for The Wall Street Journal: “The First Amendment prohibits the government from ‘abridging the freedom of speech.’ Supreme Court doctrine makes clear that government can’t constitutionally evade the amendment by working through private companies.”

Nothing good can come from allowing the government to sidestep the Constitution.

The steady, pervasive censorship creep that is being inflicted on us by corporate tech giants with the blessing of the powers-that-be threatens to bring about a restructuring of reality straight out of Orwell’s 1984, where the Ministry of Truth polices speech and ensures that facts conform to whatever version of reality the government propagandists embrace.

Orwell intended 1984 as a warning. Instead, it is being used as a dystopian instruction manual for socially engineering a populace that is compliant, conformist and obedient to Big Brother.

This is the slippery slope that leads to the end of free speech as we once knew it.

In a world increasingly automated and filtered through the lens of artificial intelligence, we are finding ourselves at the mercy of inflexible algorithms that dictate the boundaries of our liberties.

Once artificial intelligence becomes a fully integrated part of the government bureaucracy, there will be little recourse: we will all be subject to the intransigent judgments of techno-rulers.

This is how it starts.

First, the censors went after so-called extremists spouting so-called “hate speech.”

Then they went after so-called extremists spouting so-called “disinformation” about stolen elections, the Holocaust, and Hunter Biden.

By the time so-called extremists found themselves in the crosshairs for spouting so-called “misinformation” about the COVID-19 pandemic and vaccines, the censors had developed a system and strategy for silencing the nonconformists.

Eventually, depending on how the government and its corporate allies define what constitutes “extremism, “we the people” might all be considered guilty of some thought crime or other.

Whatever we tolerate now—whatever we turn a blind eye to—whatever we rationalize when it is inflicted on others, whether in the name of securing racial justice or defending democracy or combatting fascism, will eventually come back to imprison us, one and all.

Watch and learn.

We should all be alarmed when any individual or group—prominent or not—is censored, silenced and made to disappear from Facebook, Twitter, YouTube and Instagram for voicing ideas that are deemed politically incorrect, hateful, dangerous or conspiratorial.

Given what we know about the government’s tendency to define its own reality and attach its own labels to behavior and speech that challenges its authority, this should be cause for alarm across the entire political spectrum.

Here’s the point: you don’t have to like or agree with anyone who has been muzzled or made to disappear online because of their views, but to ignore the long-term ramifications of such censorship is dangerously naïve, because whatever powers you allow the government and its corporate operatives to claim now will eventually be used against you by tyrants of your own making.

As Glenn Greenwald writes for The Intercept:

The glaring fallacy that always lies at the heart of pro-censorship sentiments is the gullible, delusional belief that censorship powers will be deployed only to suppress views one dislikes, but never one’s own views… Facebook is not some benevolent, kind, compassionate parent or a subversive, radical actor who is going to police our discourse in order to protect the weak and marginalized or serve as a noble check on mischief by the powerful. They are almost always going to do exactly the opposite: protect the powerful from those who seek to undermine elite institutions and reject their orthodoxies. Tech giants, like all corporations, are required by law to have one overriding objective: maximizing shareholder value. They are always going to use their power to appease those they perceive wield the greatest political and economic power.

Be warned: it’s a slippery slope from censoring so-called illegitimate ideas to silencing truth.

Eventually, as George Orwell predicted, telling the truth will become a revolutionary act.

If the government can control speech, it can control thought and, in turn, it can control the minds of the citizenry.

It’s happening already.

With every passing day, we’re being moved further down the road towards a totalitarian society characterized by government censorship, violence, corruption, hypocrisy and intolerance, all packaged for our supposed benefit in the Orwellian doublespeak of national security, tolerance and so-called “government speech.”

Little by little, Americans are being conditioned to accept routine incursions on their freedoms.

This is how oppression becomes systemic, what is referred to as creeping normality, or a death by a thousand cuts.

It’s a concept invoked by Pulitzer Prize-winning scientist Jared Diamond to describe how major changes, if implemented slowly in small stages over time, can be accepted as normal without the shock and resistance that might greet a sudden upheaval.

Diamond’s concerns related to Easter Island’s now-vanished civilization and the societal decline and environmental degradation that contributed to it, but it’s a powerful analogy for the steady erosion of our freedoms and decline of our country right under our noses.

As Diamond explains, “In just a few centuries, the people of Easter Island wiped out their forest, drove their plants and animals to extinction, and saw their complex society spiral into chaos and cannibalism… Why didn’t they look around, realize what they were doing, and stop before it was too late? What were they thinking when they cut down the last palm tree?”

His answer: “I suspect that the disaster happened not with a bang but with a whimper.”

Much like America’s own colonists, Easter Island’s early colonists discovered a new world—“a pristine paradise”—teeming with life. Yet almost 2000 years after its first settlers arrived, Easter Island was reduced to a barren graveyard by a populace so focused on their immediate needs that they failed to preserve paradise for future generations.

The same could be said of the America today: it, too, is being reduced to a barren graveyard by a populace so focused on their immediate needs that they are failing to preserve freedom for future generations.

In Easter Island’s case, as Diamond speculates:

The forest…vanished slowly, over decades. Perhaps war interrupted the moving teams; perhaps by the time the carvers had finished their work, the last rope snapped. In the meantime, any islander who tried to warn about the dangers of progressive deforestation would have been overridden by vested interests of carvers, bureaucrats, and chiefs, whose jobs depended on continued deforestation… The changes in forest cover from year to year would have been hard to detect… Only older people, recollecting their childhoods decades earlier, could have recognized a difference. Gradually trees became fewer, smaller, and less important. By the time the last fruit-bearing adult palm tree was cut, palms had long since ceased to be of economic significance. That left only smaller and smaller palm saplings to clear each year, along with other bushes and treelets. No one would have noticed the felling of the last small palm.

Sound painfully familiar yet?

We’ve already torn down the rich forest of liberties established by our founders. It has vanished slowly, over the decades. The erosion of our freedoms has happened so incrementally, no one seems to have noticed. Only the older generations, remembering what true freedom was like, recognize the difference. Gradually, the freedoms enjoyed by the citizenry have become fewer, smaller and less important. By the time the last freedom falls, no one will know the difference.

This is how tyranny rises and freedom falls: with a thousand cuts, each one justified or ignored or shrugged over as inconsequential enough by itself to bother, but they add up.

Each cut, each attempt to undermine our freedoms, each loss of some critical right—to think freely, to assemble, to speak without fear of being shamed or censored, to raise our children as we see fit, to worship or not worship as our conscience dictates, to eat what we want and love who we want, to live as we want—they add up to an immeasurable failure on the part of each and every one of us to stop the descent down that slippery slope.

As I make clear in my book Battlefield America: The War on the American People and in its fictional counterpart The Erik Blair Diaries, we are on that downward slope now.

WC: 1820

Image by Gerd Altmann from Pixabay

420 with CNW — DOJ Wants Federal Court to Throw Out Case on Overdose Prevention Sites

420 with CNW — Ohio Advocates Have 10 More Days to Put Marijuana Initiative on Ballot

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The Ohio Secretary of State’s Office has revealed that recreational cannabis advocates have only 10 days to put a legalization initiative on the state ballot. Reform activists behind an adult-use cannabis measure failed to meet Ohio’s threshold of verified signatures by 679 signatures and cannot get their measure on the ballot as is.

However, state law grants the Coalition to Regulate Marijuana like Alcohol another 10 days to collect the remaining signatures and qualify the recreational cannabis measure for the ballot. The measure seeks to legalize the purchase, sale, possession and consumption of recreational marijuana for Ohio adults 21 years of age and older.

A coalition spokesman said that campaign representatives collected 222,198 signatures and submitted those signatures to the secretary of state’s office. Under Ohio law, the campaign should have collected at least 124,046 signatures from at least 44 counties.

Once the campaign submitted the signatures, the secretary of state’s office sent each signature to the county of origin’s board of elections for verification. An analysis of the verified signatures found that the campaign needed an additional 679 signatures to qualify their recreational cannabis measure for the ballot.

If the campaign collects enough signatures during the 10 extra days it has been granted, the Ohio ballot board will convene to ratify the language in the recreational marijuana measure and start preparing for the November election.

The measure would allow eligible adults to possess up to 2.5 ounces of cannabis and up to 15 grams of concentrates. It would also allow private cultivation of up to 6 cannabis plants for personal use and a maximum of 12 plants per residence. Furthermore, the measure would levy a 10% tax on all recreational cannabis sales, raising around $400 million in tax revenue for the state. According to the bill, 36% of this revenue would be invested in job programs and social equity, another 36% would be directed to areas that legalize recreational cannabis retail, 25% to education and substance misuse programs, and 3% would be used to cover the administrative costs of regulating the recreational marijuana industry.

The adult-use measure would establish a state Department of Commerce with the authority to regulate, license and penalize recreational marijuana retailers, testing labs and any individual who needs a cannabis-related license. If it is successful, the legalization initiative would require that regulators issue qualified medical marijuana operators with retail adult-use license within nine months of being ratified.

The legalization of marijuana in Ohio would not only be beneficial to companies that directly deal in the substance, it would help ancillary actors such as to Advanced Container Technologies Inc. (OTC: ACTX) because there would be an entire ecosystem created around the marijuana industry.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

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303.498.7722 Office
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CNW420 is part of the InvestorBrandNetwork.

AGCO, OCS rolling out new POS data platform

AGCO, OCS rolling out new POS data platform

The Alcohol and Gaming Commission of Ontario (AGCO) and the Ontario Cannabis Store (OCS) have developed a new data platform to help simplify retailers’ cannabis reporting requirements.

The point-of-sale (POS) system is intended to help reduce retailers’ regulatory burden and improve the accuracy of data collection while integrating with existing POS systems. This new POS Data Platform is being rolled out with POS providers and their retail clients.

An AGCO notice says the new platform will automatically extract, standardize, and automate retailers’ monthly reports directly from their own internal POS system, processed by the OCS through an Application Programming Interface (API) and then shared with the AGCO. 

The AGCO is committed to protecting the retail data we receive, including through robust cyber security measures, with guidance from industry standards such as National Institute of Standards and Technology – Cybersecurity Framework and International Organization for Standards ISO 2700½.

Alcohol and Gaming Commission of Ontario (AGCO)

The goal is to eliminate retailers’ need for monthly preparation and submission of reports and help improve the accuracy of the data submitted to the province.

James Manning, an account executive with Cova Software, a POS system used by many cannabis retailers in Ontario and across Canada, says the company was aware the changes were coming and has been working with the AGCO and OCS on the issue in advance.

“We’ve been working with the AGCO and OCS on this for about a year and a half now,” says Manning. “Cova will be fully integrated into the compliance reporting requirements by AGCO and OCS.” 

Owen Allerton, the owner of Highlands Cannabis, says he doesn’t see the change as very significant for his business but says if it works correctly, it could save him some time on monthly reporting.

“As a retailer, it’s not terribly burdensome. I think they’re doing this more to benefit themselves, but from our perspective, if this goes smoothly and saves me a few hours a month, it’s immaterial.”  

Although not included in this most recent change, Allerton says he would also like to see a way for the OCS to provide sales data to LPs that would allow them to better understand which stores are carrying their products and how they are selling. He argues this would be helpful, especially for smaller producers, and thinks it would make it harder for retailers to disguise shelf-space kickbacks as “data” agreements

The new system will automatically pull the required provincial and federal regulatory reporting data from retailers directly from their in-store POS system.

Once processed by the OCS, the data required for provincial and regulatory reporting will then be available for federal regulatory reporting. The OCS will populate and complete reports required by Statistics Canada and Health Canada.

The AGCO says the OCS has put several security measures in place to address any concerns with data security, something the OCS has had issues with in the past.

“The AGCO takes its responsibility to protect data seriously and will continue to do so when receiving POS data from the OCS,” notes a company update. “The AGCO is committed to protecting the retail data we receive, including through robust cyber security measures, with guidance from industry standards such as National Institute of Standards and Technology – Cybersecurity Framework and International Organization for Standards ISO 2700½.”

The AGCO also highlights that they and the OCS will not be collecting any new or additional data, and the POS will be configured so that all the data that is required for provincial regulatory reporting (to AGCO) and federal Cannabis Tracking System (CTS) reporting (to Health Canada and Statistics Canada) will be collected automatically by a retailer’s POS system. 

In Ontario, the OCS is designated as the public body responsible for consolidating and reporting CTS information to the federal government.

Sasha Soeterik, the owner of Flower Pot on Dundas in Toronto, says she’s supportive of the plan, but is concerned about any of her data that goes to the OCS, given the data breach in 2022. 

“On one hand, I welcome the change as it can be annoying to remember to report,” Soeterik explains. “On the other hand, I do not share my data with the OCS so I hope we can still opt out.”

Featured image via Cova


Study Explores Similarities Between Psychedelics, Near-Death Experiences

Psychedelics are all the rage these days thanks to a major surge in psychedelic research and media reporting on hallucinogens.  This research has revealed that various psychedelics may have significant mental health benefits, making the substances prime candidates as alternatives for often unreliable modern psychiatric medications.

Researchers are especially interested in how psychedelics affect the brain and mind as they seem capable of delivering profound and long-term benefits against hard-to-treat mental conditions such as post-traumatic stress disorder, eating disorders and treatment-resistant depression.

In a recent study on psychedelics, researchers sought to understand the similarities between near-death experiences during a coma and psychedelic experiences as they can both have a similar effect on individual outlook post-experience. Interestingly, the researchers found that these two wildly different experiences shared common themes, chief of them being ego dissolution or space-time transcendence and seeing deceased loved ones.

These effects, especially ego dissolution, are often associated with psychedelic use and play a significant role in the life-changing insights that many people make after taking psychedelics. The first researcher to analyze psychedelic experiences and near-death experiences (NDE) was Stanislav Grof, one of transpersonal psychology’s founders, back in 1994.

This recent study involved a team of researchers led by Pascal Michael and supported by the BIAL Foundation. Team members compared the differences and similarities between NDE while in a coma with the psychedelic experience induced by 5MeO-DMT. The researchers studied a middle-aged Caucasian American man who had a profound near-death experience during a coma and subsequently took 5MeO-DMT.

Researchers from the Imperial College and the University of Greenwich surveyed the 54-year-old man on his experience with the NDE and 5MeO-DMT before analyzing the similarities and differences of the themes in the two different states. They found that both experiences shared themes such as cosmic love and ego dissolution while certain themes such as life review that specifically occurred in the NDE did not appear during the psychedelic experience.

However, the study also delivered some interesting findings. The researchers placed an emphasis on the subject’s individual perceptions of the two states as well as their differences and similarities. Based on this approach, they found that although some themes occurred in both psychedelic and near-death experiences, the subject considered these experiences to be totally different in “several dimensions,” the researchers say.

The subject concluded that despite the similarities between the two experiences, they were not similar enough for the near-death experience to be recreated by the use of endogenous psychedelics.

As time goes on and enterprises such as Mind Medicine Inc. (NASDAQ: MNMD) (NEO: MMED) (DE: MMQ) make public their discoveries about various psychedelics, the public could further shift their perceptions and embrace any treatments commercialized from these substances.

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