September 2018 - Page 2 of 8 - CannabisNewsWire

WednesdaySep 26, 2018 4:20 am

420 with CNW – Michigan Judge Halts Cannabis Business Closures

Judge Stephen Borrello of Michigan’s Court of Claims has issued an injunction against the state’s order to close almost 100 medical marijuana businesses that hadn’t met a section of the emergency licensing regulations passed by regulators. Just over 100 dispensaries had submitted partially completed application forms as the September 15 deadline approached. Only those businesses that had submitted their papers would be allowed to operate until December 15, when the licensing process was expected to be completed. The judge’s injunction orders the state to allow all cannabis businesses, including those that hadn’t submitted their applications, to stay open until that…

TuesdaySep 25, 2018 4:20 pm

420 with CNW – Louisiana Removes Cannabis Patient Cap on Doctors

The state of Louisiana voted to legalize medical cannabis in 2015. However, it has taken years for the laws to evolve and reach a level where patients can start accessing medical cannabis. This is now likely to happen in November of this year. The barrier on how many medical cannabis patients any doctor can handle has now been removed. Under the 2016 law, doctors with a license to recommend medical cannabis to patients were restricted to a maximum of 100 patients at a time. That limitation was found to be impractical, even before the first medical cannabis dispensaries opened. This…

TuesdaySep 25, 2018 9:00 am

Something for Everyone: Baby Boomers Signify Shift in the Cannabis Market

CannabisNewsWire Editorial Coverage: Since they came onto the scene after World War II, baby boomers have heavily impacted the world around them, and their influence is being felt now in the emerging cannabis market. A recent survey has shown a significant increase in cannabinoid-derived product consumption in the United States, most notably among baby boomers. With a combination of disposable income, health issues and liberal attitudes towards drugs, baby boomers represent a natural market for cannabis companies. This trend also signifies wider growth and diversification of products and customers in the industry. Marijuana Company of America, Inc. (OTC: MCOA) (MCOA…

TuesdaySep 25, 2018 9:00 am

Hydroponic Hardware Key to Tapping Long-Term Profits of Burgeoning Cannabis Market

CannabisNewsWire Editorial Coverage: The North American cannabis market continues to accelerate as Canada rockets towards the October 17 deadline for the nationwide legalization of recreational marijuana. Hydroponic market trying to keep up with booming cannabis market set to exceed $25 billion by 2021. Continued expansion of cannabis cultivation and demand for controllable production parameters are a boon to hydroponics industry. Healthcare sector increasing demand for CBD from sources such as industrial hemp. Regulatory reform throughout North America and Europe driving change in overall space. The milestone legislation appears set to open the door wider for companies pursuing a position in…

TuesdaySep 25, 2018 4:20 am

420 with CNW – Study Suggests CBD Could Treat Psychosis

Researchers from King’s College London have found that a cannabis extract, cannabidiol (CBD), can reset the brain so that the abnormal reactions characteristic of psychosis is reduced. Their findings were published in the JAMA Psychiatry journal. The researchers were led by Sagnik Bhattacharyya, PhD., who works at King’s College London at the Institute of Psychiatry, Psychology and Neuroscience. The team recruited 33 young people who hadn’t been diagnosed with psychosis but displayed the classic symptoms of that condition. Nineteen control subjects were also included in the study. These study subjects were divided into three groups. One group had the control…

MondaySep 24, 2018 4:20 pm

420 with CNW – Coca-Cola May Make Marijuana-Infused Drinks

News coming in about the carbonated beverages giant Coca-Cola (NYSE: KO) shows that the company is seriously thinking about a new product line of “wellness” drinks that are infused with cannabidiol (CBD), one of the non-psychoactive ingredients in cannabis. News of Coca-Cola’s interest emerged after it was revealed that the company was engaged in talks with Aurora Cannabis, Inc. about the possibility of partnering to make those wellness drinks. Coca-Cola was itself cagey about the possibility of making the drinks, only saying that it was watching with keen interest the development of CBD in the rapidly evolving cannabis industry. The…

MondaySep 24, 2018 2:06 pm

PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) “Gets It Right” in Cannabinoid Extraction

Sol-gel nose-to-brain system offers superior drug delivery New extraction protocol makes accurate and precise quantification of cannabinoids possible Establishment of cannabis division to commercialize research developments A recent release from PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) shows that, in cannabinoid extraction technology, the health sciences company is getting it right. The company announced that, during its soluble gel drug delivery research and development program – the Sol-gel Program – it had successfully optimized the conditions for extracting cannabinoids from one of its cannabis strains and developed a proprietary method – the Extraction Protocol – for the accurate…

MondaySep 24, 2018 12:57 pm

Inaugural Cannabis Strategic Ventures, Inc. (NUGS) and True Promise Beauty CBD-Based Product Line Set to Be Launched by Year-End 2018

The first products resulting from the joint venture between Cannabis Strategic Ventures and True Promise Beauty are scheduled to be launched by the end of 2018 The CBD-based luxury cosmetics line will feature face, skin and hair care products These products feature innovative formulations that aren’t currently available; the two companies hope to achieve strategic success in a constantly expanding luxury skin care market Cannabis Strategic Ventures, Inc. (OTC: NUGS) and True Promise Beauty have announced the development of LYXR – a new line of cannabidiol (CBD)-based luxury skin and hair care products. The entire LYXR line will be developed…

MondaySep 24, 2018 4:20 am

420 with CNW – Utah Set to Vote on Legalization of Medical Cannabis

Voters in Utah are set to vote on a bill (Proposition 2) that would legalize access to medical cannabis. The polls are slated for November 6, 2018. Prop 2 is unique from other mid-term issues to be voted upon because it originated from voters themselves rather than from their elected leaders. Over 113,000 voter signatures were collected in order to get this matter on the ballot. Under the proposed law, individuals with a health condition that meets the requirements stated in the Act can get a recommendation from a doctor. That recommendation can then be used to apply for a…

FridaySep 21, 2018 4:20 pm

420 with CNW – UC San Diego Researchers to Study Effect of Cannabis on Essential Tremors

Researchers at the University College San Diego have announced their intention to investigate the effect of using cannabis extracts to treat or manage essential tremor. The announcement came after the group of researchers (led by Dr. Fatta Nahab) got permission from the DEA (Drug Enforcement Administration) to import capsules of CBD and THC from Tilray, a Canadian-based cannabis company. Tilray conducted an initial public offering (IPO) in the U.S. The researchers opted to import the capsules since none are available from the sole source of cannabis for research purposes (University of Mississippi). Capsules were preferred for this study because of…