October 2018 - Page 10 of 11 - CannabisNewsWire

FridayOct 05, 2018 4:20 am

420 with CNW – New Hampshire Raises Its Marijuana Revenue Projections

The Department of Revenue Administration in New Hampshire has revised its estimates of cannabis revenue upwards to $58 million annually if the products are taxed at 15%. These estimates come at a time when a committee is discussing a proposals to legalize recreational marijuana next year. Why would the state be interested in how much it will earn from cannabis sales? Legislators want to know whether the taxes generated from the marijuana industry would, at a bare minimum, meet the high cost of regulating the industry. The figures released by the Department of Revenue Administration suggest that the taxes collected…

ThursdayOct 04, 2018 4:20 pm

420 with CNW – First Medical Cannabis Kitchen Due to Open in Arizona

The Mint Dispensary in Arizona is scheduled to open the first medical cannabis kitchen in the United States. This kitchen will open its doors to the public on October 5. Customers can order breakfast, lunch, dinner or snacks at the kitchen. An espresso bar and a juice bar will also be open at the full-service kitchen. However, only individuals who have a medical marijuana card issued by the state of Arizona will be welcome to the establishment from 8 am to 10 pm every day of the week, weekends inclusive. No consumption will be permitted on the premises in order…

ThursdayOct 04, 2018 10:49 am

American Premium Water Corp.’s (HIPH) Agreement with SinglePoint, Inc. (SING) Seen as Pillar of HIPH’s E-Commerce Distribution Strategy

Ryan Fishoff, CEO of HIPH, believes that this distribution channel could result in revenue of more than $1 million over the agreement’s life, while also raising awareness for HIPH Agreement calls for HIPH subsidiary LALPINA Hydro CBD to distribute CBD beverages to two of SING’s e-commerce channels, SingleSeed.com and DIGSHydro.com LALPINA Hydro CBD will be the first hydro-nano beverage to be sold on both sites; its hydro-nano technology offers consumers up to 90 percent higher absorption rates than traditional CBD water American Premium Water Corp. (OTC: HIPH) has signed a distribution agreement for its subsidiary, LALPINA Hydro CBD, to sell…

ThursdayOct 04, 2018 10:08 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Plans to Grow its Global Patent Application Portfolio to 150-200 within Two Years

LXRP files for tenth patent family, expanding the applicability of its DehydraTECH platform relating to tobacco leaves delivering compounds that may or may not include nicotine LXRP receives three new Australian patents and two new notices of allowance from the U.S.; if all are issued, LXRP would then hold 12 issued patents within its first patent family The company out-licenses its technology that promotes healthier and faster ingestion methods in any country where it already has a patent or is patent-pending Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), which owns the patented DehydraTECH ingestion technology platform, is building its strategic…

ThursdayOct 04, 2018 9:00 am

Intangible Assets Power Growth, Acquisitions in the Pharmaceuticals Sector

CannabisNewsWire Editorial Coverage: Intangible assets such as patents increasingly dominate the global business landscape, especially in the pharmaceutical sector. Intangible assets are estimated to be worth trillions of dollars in the United States alone. These assets drive deals as companies acquire smaller patent holders. In growing sectors such as cannabis, smaller companies are rushing to establish intangible assets ready for expected market growth. Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) (LXRP Profile) is one of the leaders in the world of cannabis, with applications made for more than 50 different patents and more to come. Tilray Inc. (NASDAQ: TLRY) is also…

ThursdayOct 04, 2018 4:20 am

420 with CNW – LA International Airport Allows Travelers to Carry Marijuana

Los Angeles International Airport announced that passengers were free to have cannabis on them or in their luggage when boarding flights as long as it didn’t exceed the amount allowed by California law. Currently, 28.5 grams or 8grams of concentrated cannabis (oil, for example) can be carried by someone within the state. This only applies to people who are 21-years of age or more. However, individuals who are carrying cannabis legally may still face prosecution once they are discovered by the Transport Safety Administration (TSA) agents at the airport. The TSA is obliged by law to notify local law enforcement…

WednesdayOct 03, 2018 4:20 pm

420 with CNW – Seattle Court Agrees to Vacate Marijuana Misdemeanor Convictions

All the seven judges of the Seattle Municipal Court have agreed to vacate all the convictions for marijuana possession dating back to 1996 when cannabis had not yet been decriminalized. The judges also made a decision to dismiss all cannabis possession charges against anyone who was being prosecuted within the jurisdiction. This decision is the culmination of a process that started in February when Peter Holmes, the City Attorney, filed a motion calling on the court to take this historic action. He said that step was needed to right the wrongs committed against people of color, especially African Americans, who…

WednesdayOct 03, 2018 12:36 pm

PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Partners with Asterion Cannabis to Develop Organic Cannabinoid Products

PreveCeutical Medical Inc. enters into a joint venture agreement with Asterion Cannabis Inc. to develop several nature-based cannabinoid products; the products will help the company respond to the demands for personalized and effective cannabis therapies The development agreement will see Asterion inject funds at cost, while PreveCeutical will contribute by way of opening its research resources, including personnel for use in the project The percentage ownership of intellectual and product rights from the agreement will be shared between Asterion and PreveCeutical in the ratio of 80 percent to 20 percent Since the agreement involves related parties including current and former…

WednesdayOct 03, 2018 12:07 pm

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Names Seymour to Advisory Board; Updates Spin-Off Transaction

TGOD cited by The Motley Fool for its alternative products, particularly its focus on cannabis-infused beverages and its possible role as a partner for a brand name producer The company also named high profile American investor and TV personality Tim Seymour to its advisory board; it says Seymour will offer advice on global finance strategies TGOD updated its transaction regarding the spinoff of its wholly owned subsidiary, TGOD Acquisition Corporation (“SpinCo”), and announced a private placement of up to $10 million The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) has attained a higher profile by adding well known…

WednesdayOct 03, 2018 10:50 am

Golden Developing Solutions, Inc. (DVLP) is “One to Watch”

Global legal cannabis market on tap to reach USD$146.4 billion by end of 2025 Growing adoption of CBD-related products and medical marijuana expected to propel revenue growth Health and wellness market projected to top USD$171 billion in 2018 Launch of direct-to-consumer website for wholly-owned subsidiary Pura Vida Vitamins offers wide array of CBD products WheresWeed mobile app connects medical and recreational cannabis users with trusted local marijuana businesses in their communities Golden Developing Solutions, Inc. (OTC: DVLP), an emerging leader in ancillary software and the cannabidiol (CBD) products marketplace, provides business services and/or products supporting the cannabis industry including an…