September 2018 - Page 4 of 8 - CannabisNewsWire

WednesdaySep 19, 2018 4:20 pm

420 with CNW – Cannabis and Crypto

Cannabis firms have fought regulations and misconceptions for quite a long time as they have made attempts to inform the public on the medical benefits of the plant. In the recent couple of years, cannabis companies have started recording a surge in interest, as evidenced by their monthly record sales. Investors in Wall Street project that the industry will attain a valuation of $75 billion by the end of 2030. Almost coincidentally, cryptos have also been enjoying a surge in popularity, with values of top cryptocurrencies such as bitcoin and Ethereum hitting record levels. Toward the end of 2017, the…

WednesdaySep 19, 2018 12:48 pm

Medical Cannabis Payment Solutions (REFG) Provides Banking Solution for State-Sanctioned Medical Marijuana Establishments

Company fills the cash-free gap left by banks and financial institutions reluctant to work with the medical marijuana industry Provides complete compliance to federal anti-money laundering laws and laws regulating financial crimes 60 million transactions processed monthly and over 100 applications already received from state-sanctioned medical marijuana establishments Financial technology company Medical Cannabis Payment Solutions (OTC: REFG) announced, in a recent press release (http://cnw.fm/LbPz4), that it is accepting applications for depository accounts for any state-sanctioned medical marijuana establishment. While most banks and financial institutions are still reluctant to work with those in the medical marijuana industry, this company is excited…

WednesdaySep 19, 2018 12:25 pm

NUGL Inc. (NUGL) Platform Offering Enhanced Customer Services by Allowing Searches for Cannabis Brands by Name

Clients can search for preferred cannabis brands and find where to buy them NUGL’s platform’s new brand search filter is unique to industry Legal cannabis industry currently worth $9 billion, expected to reach $47.3 billion by 2027 The marijuana industry is maturing at a rapid pace, and an increasingly wide range of consumers are using cannabis in a growing variety of ways. As more and more products and services become available, technology company NUGL Inc. (OTC: NUGL) has created a platform to allow consumers to more easily locate suppliers. The company announced recently that it has made it even easier…

WednesdaySep 19, 2018 11:57 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Grows IP Portfolio with Three More Patents in Australia, Two Notices of Allowance in the US

LXRP receives three new Australian patents and two new notices of allowance from the U.S. patent office; the company expects to receive corresponding patents by year-end 2018 If issued in both Australia and the U.S., LXRP would then hold 12 issued patents within its first patent family, and it continues to pursue pending application claims in this patent family globally The company, which has filed more than 50 patent applications globally, out-licenses its technology that promotes healthier and faster ingestion methods and lower overall dosing Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), which owns the patented DehydraTECH (trademarked) ingestion technology…

WednesdaySep 19, 2018 9:00 am

Canadian Cannabis Legalization Set to Transform the Industrial Hemp Industry

CannabisNewsWire Editorial Coverage: The legalization of cannabis in Canada is about to bring big changes not just for medical cannabis companies but for hemp growers as well. The law legalizing recreational cannabis in Canada will come into force on October 17. This will create new opportunities for hemp growers to produce the plant for CBD extraction. Hemp growers will now be able to profit from all parts of the plant. Cannabis companies are experimenting with growing techniques, expanding their businesses, and seeking supply agreements in preparation for the change. Marijuana Company of America Inc. (OTC: MCOA) (MCOA Profile), which grows…

WednesdaySep 19, 2018 4:20 am

420 with CNW – Massachusetts Credit Union to Offer Banking Services to Cannabis Industry

The GFA Federal Credit Union has become the first financial institution to announce that it is opening its doors to recreational and medical cannabis businesses in Massachusetts. The announcement, due to take effect on October 1, brings a huge sigh of relief to numerous legitimate cannabis businesses that have struggled to attain the same level of recognition as other kinds of legal businesses within the state. GFA Credit Union revealed that it studied the legal and business sense of making its move for about a year and finally decided to open its doors to this young industry. GFA’s CEO, Tina…

TuesdaySep 18, 2018 4:20 pm

420 with CNW – UCLA Team to Investigate the Painkilling Effects of Cannabis

The U.S. Centers for Disease Control and Prevention (CDC) reported that 42,000 Americans died from an overdose of opioids in 2016 alone. Meanwhile, the consumption of cannabis by members of the American public has been growing rapidly over the years. How are these two issues related to the planned research on cannabis? Plenty of anecdotal evidence exists to support the claim that cannabis has painkilling abilities. Several scientific studies also point to the possibility of cannabis having painkilling effects. However, little reliable scientific information is available to support or disprove those claims. That may no longer be the case if…

TuesdaySep 18, 2018 10:56 am

Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Releases Q2 2018 Results

Revenue up by C$1.2 million in Q2 and by overall C$4 million in the first six months of the year Company secures 12-month extraction deals with two leading brands Sunniva takes strides toward increasing vertical integration Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF), a company that cultivates, processes and distributes cannabis, has announced its second quarter financial results, detailing milestones and achievements both for the second quarter and the first half of 2018 (http://cnw.fm/6rZik). Recapping the company’s developments over the past six months, CEO Dr. Anthony Holler said that Sunniva has moved closer toward its goal of full vertical integration, which…

TuesdaySep 18, 2018 9:25 am

Green Hygienics Holdings Inc. (GRYN) is Growing Organic Cannabis with Space Age Technology

Hybrid-aeroponic agriculture approach pioneered by NASA ensures quality with controlled environment Cultivation IP that delivers higher yields, reduced costs and superior product In fast-developing cannabis market, effective branding is the key to success and profits “A farmer has to be an optimist, or he wouldn’t be a farmer,” Will Rogers once quipped – a wry comment that might have been a reference to the vagaries of the weather. Erratic meteorological conditions are the farmer’s bane, unless, like Green Hygienics Holdings Inc. (OTC: GRYN), he’s employing space technology. Green Hygienics is a company that is targeting the high-end medical and adult-use…

TuesdaySep 18, 2018 4:20 am

420 with CNW – Canadian Cannabis Investors at Risk of US Entry Bans

In a disturbing development, Canadians who have invested in the cannabis industry now face the risk of being banned permanently from entering the United States. This reality came to light when a prominent Canadian venture capitalist, Sam Znaimer, was told he was permanently barred from entering the U.S. due to his equity holdings in American cannabis companies whose shares are publicly traded on Canadian stock exchanges, such as the Toronto Stock Exchange. He was shocked by the decision, since no single question had been posed regarding whether or not he consumed cannabis. His shock is understandable given the fact that…