November 2016 - CannabisNewsWire

MondayNov 28, 2016 3:33 pm

Corbus Pharmaceuticals Holdings, Inc. (CRBP) is “One to Watch”

Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP), a clinical stage drug development company targeting rare, chronic, and serious inflammatory and fibrotic diseases, recently reported its third quarter financial results (http://nnw.fm/ewaP8) for the three months ended September 30, 2016. CRBP reported a net loss for the third quarter due to increased spending on clinical studies for systemic sclerosis and CF, plus increased staffing costs, bonuses, and other expenditures. However, the company ended the third quarter with just under $19 million in cash and cash equivalents, which it believes to be sufficient to meet its operating and capital requirements through the end of…

WednesdayNov 23, 2016 11:14 am

Singlepoint, Inc. (SING) Leveraging Its Existing Foothold to Be a First Mover in California’s Cannabis Industry

With voters in California having passed the Election Day ballot initiative to legalize marijuana for recreational purposes, estimates released in The Marijuana Business Daily (http://nnw.fm/mAY9j) reported that California’s recreational marijuana industry could eventually generate anywhere between $4.5 and $5 billion in annual retail sales. The article states that, in addition to enabling California to reclaim its mantle as the capital of the cannabis trade, it would also position the state as the most attractive market for business opportunities. Proposition 64 now enables adults aged 21 and over to use and possess an ounce or less of marijuana for nonmedical purposes.…

ThursdayNov 17, 2016 12:54 pm

Singlepoint, Inc. (SING) Subsidiary SingleSeed Aiming to Help Cannabis Business Owners Thrive

The U.S. cannabis market is expected to continue and even speed up its exponential growth as a result of last week’s vote to legalize recreational or medical marijuana in eight more states. This is good news for an industry that is already growing at a fast pace, being set to exceed $7 billion this year, according to ArcView Research estimates. The trend is likely to continue, as experts predict the marijuana market to reach roughly $22 billion by 2020 and $50 billion by 2026. But even if the market is growing so quickly, legal businesses operating in the sector still…

MondayNov 14, 2016 11:43 am

Singlepoint, Inc. (SING) Predicting Policy Changes for Newly-Expanded Marijuana Industry

Legalized cannabis, whether for recreational or medicinal purposes, is at the center of one of the nation’s most transformative industries. Since the passing of California’s Compassionate Use Act of 1996, which made the state the first in the country to legalize medical marijuana, states across the country have been reevaluating the federal government’s decision to outlaw cannabis. In 2012, Colorado and Washington state took another step toward the legalization of cannabis with Amendment 64 and Initiative 502, respectively. With these two measures, the first states in the Union approved the use of marijuana for recreational purposes. Since that vote, the…

FridayNov 11, 2016 3:31 pm

Singlepoint, Inc. (SING) CEO Reflects on Impact of Election Day Results on MoneyTV with Donald Baillargeon

Before the opening bell, Singlepoint, Inc. (OTC: SING) was announced as a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program about “money and what makes it happen.” The show includes informative interviews with company CEOs, offering prospective investors insight into their operations and outlooks for the future. To view this week’s program, visit www.MoneyTV.net In the interview, Greg Lambrecht, chief executive officer of Singlepoint, reflected on Tuesday’s polling results, particularly as they relate to the legalization of recreational and medicinal marijuana in states across the country. In total, four states…

ThursdayNov 10, 2016 9:22 am

Singlepoint, Inc. (SING) Set to Capitalize on Marijuana Industry Election Results

It is no secret that the United States is going through some serious changes when it comes to marijuana. In the recent election, several states approved the legalization of marijuana for recreational purposes, with other states voting to approve medical marijuana initiatives. With Donald Trump winning the presidential election, it brings forward the question: how will this new presidency affect the marijuana industry in the U.S.? Prior to the election, Alicia Wallace from the Cannabist (http://nnw.fm/5wxJA) was able to share the four leading presidential candidates’ views on marijuana, including Trump’s. While the leading third-party candidates supported the legalization of marijuana,…

MondayNov 07, 2016 10:41 am

Singlepoint, Inc. (SING) Offers a Closer Look at SingleSeed Subsidiary

Before the opening bell, Singlepoint, Inc. (OTC: SING) gave prospective shareholders some additional insight into its plan to become one of the cannabis industry’s first merchant processors through its SingleSeed subsidiary. The update comes on the eve of a landmark Election Day during which five states will vote on ballot initiatives to legalize cannabis for recreational use, while four others will be voting to either expand or establish the availability of medical marijuana. If all of these measures pass, the total number of states with comprehensive medical marijuana laws would grow to 28, and, thanks in part to the massive…

FridayNov 04, 2016 2:20 pm

Singlepoint, Inc. (SING) CEO Discusses Relaunch of SingleSeed on MoneyTV with Donald Baillargeon

Before the opening bell, Singlepoint, Inc. (OTC: SING) was announced as a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program about “money and what makes it happen.” The show includes informative interviews with company CEOs, offering prospective investors insight into their operations and outlooks for the future. To view this week’s program, visit www.MoneyTV.net In the interview, Greg Lambrecht, chief executive officer of Singlepoint, gave shareholders an update on the awakening of the company’s SingleSeed subsidiary, which is focused on providing credit card processing solutions for the rapidly expanding cannabis…

FridayNov 04, 2016 9:14 am

Singlepoint, Inc. (SING) Subsidiary Set to Capitalize on $6 Billion Cannabis Industry Transactions

The marijuana industry is growing at a fast and steady pace, being set to reach $6.7 billion by the end of the year and approximately $20.6 billion by 2020 – making it one of the fastest growing sectors in the United States economy. The figures could go even higher as demand continues to grow and nine more states are voting next week on legalizing either medical or recreational marijuana use. To help the industry face new challenges and its expanding reach, Singlepoint, Inc. (OTC: SING) subsidiary SingleSeed (http://nnw.fm/voH36) is awakening from a quiet period to provide state-of-the-art payment solutions and…

ThursdayNov 03, 2016 10:28 am

Singlepoint, Inc. (SING) Seeks to Capitalize on Evolving Cannabis Industry by Awakening SingleSeed Subsidiary

Before the opening bell, Singlepoint, Inc. (OTC: SING) announced plans to awaken its SingleSeed subsidiary from a quiet period in an effort to capitalize on rising demand and an evolving legislative environment surrounding the cannabis market in the United States. With politicians on both sides of the aisle working toward a resolution to the current marijuana banking conundrum, which limits the ability of legitimate marijuana-related businesses to access banks and credit unions, Singlepoint will look to leverage its existing customer base and position as “one of the first merchant service providers” targeting the marijuana industry in order to spur accelerated…

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Month: November 2016