November 2018 - CannabisNewsWire

FridayNov 30, 2018 4:20 pm

420 with CNW – Does Marijuana Legalization Bring Economic Salvation or Just Hype?

One of the major arguments made in favor of marijuana legalization is that it will bring economic transformation to the community. The states that have so far legalized cannabis seem to give credence to this expectation. However, could marijuana legalization have another side that legislators and advocates don’t pay ample attention to? It is a given that tax dollars start flowing into state coffers when cannabis is legalized. This is because every sale made attracts state and local taxes that are remitted to the relevant entities. Cannabis criminalization just creates business for the criminal world without bringing any benefits to…

FridayNov 30, 2018 10:50 am

ChineseInvestors.com, Inc. (CIIX) to offer Comprehensive Investor Information

Chinesenvestors.com CEO to give key highlights of company performance at the 11th Annual LD Micro Main Event CIIX has a diversified line of products and services to help expand its revenue streams Cannabidiol industry to intensify in robustness to projected levels of $2.1 billion in sales in 2020 ChineseInvestors.com, Inc. (OTCQB: CIIX) has made a name for itself in the financial space by targeting Chinese-speaking investors in the United States and other countries. This is in response to the rapidly expanding U.S. cannabis market, especially the growing demand for cannabidiol-based nutrition and health products. The company, through Chief Executive Officer…

FridayNov 30, 2018 9:23 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Building New Capacity upon First Commercial Cannabis Crop

Full-scale cannabis legalization in Canada in October led to a rush of consumer interest and a resultant shortage of supply as the new industry adapts The Green Organic Dutchman is improving on its initial commercial crop by building facilities with 195,000 kilograms of annual production capacity The company’s reach includes cultivation facilities in Canada and Jamaica, with additional hemp production in Poland Vast distribution capabilities spread wide across Canada, Jamaica, Mexico and Europe Soaring demand for legal cannabis products has strengthened the long-term outlook for cannabis cultivator The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), which is expanding…

FridayNov 30, 2018 4:20 am

420 with CNW – Iowa Doctors Reluctant to Embrace Medical Marijuana Program

Iowa is set to launch its new medical marijuana program on December 1 but the doctors within the state seem lukewarm towards this development. Currently, only 325 out of the 7,000 doctors in the state have certified patients to start receiving medical marijuana. Under Iowa state law, doctors cannot prescribe medical marijuana since it is a controlled substance. They can only give patients written confirmation of the condition for which the patients are eligible to enroll on the medical marijuana program. The patient can then buy medical cannabis from authorized dispensaries after receiving a medical cannabis card from the state.…

ThursdayNov 29, 2018 4:20 pm

420 with CNW – Cannabis Regulations Are Making Banking Expensive, Expert Says

More information is filtering out about the discussions that transpired during this year’s three-day Las Vegas MJBizCon that ended in the week before Thanksgiving. A leading banker from the Partner Colorado Credit Union revealed that it is very expensive for banks to do business with cannabis companies due to the huge amount of paperwork and the regulations which have to be adhered to when providing banking services to the marijuana industry. Sundie Seefried revealed that her institution had to file more than 7,000 reports to regulators regarding the Credit Union’s dealings with marijuana businesses. Those reports were on behalf of…

ThursdayNov 29, 2018 12:00 pm

Sugarmade, Inc.’s (SGMD) Hydroponic Solutions Could Fast Track Growth of US Hemp Industry

U.S. hemp industry set for CAGR of 14 percent through 2022 Interest in 23,000-acre ultra-high cannabidiol (CBD) hemp project in Kentucky Raises revenue guidance for 2019 to $70 million after announcing acquisition of hydroponics retailer Despite the abstrusity that still surrounds the legal status of hemp, cultivation of the plant in the U.S. is undergoing a renaissance. During the Republic’s early years, citizens were legally obliged to grow the crop, and both Presidents Washington and Jefferson are reported to have done so. But legislative changes turned the thing on its head. Since hemp was a strain of cannabis sativa, as was…

ThursdayNov 29, 2018 11:20 am

SinglePoint, Inc. (SING) Riding High as New CBD Products Enter Fast Growing Legal Marketplace

SinglePoint’s cannabis market subsidiaries building direct-to-consumer supply chain for CBD products SingleSeed subsidiary introduced infused water and muscle salve products in October, with new sleep aid and a hair and beard oil expected promptly CBD is gaining traction as a medicinal product and wellness industry ingredient after Canada’s legalization drive and growing lawfulness in the United States Technology innovator SinglePoint, Inc. (OTCQB: SING) is celebrating the rollout of new products to the cannabis-infused wellness market by subsidiary SingleSeed at the same time that its already-launched Lalpina CBD Water is reporting a successful first week of sales. SingleSeed distributes hemp-based CBD…

ThursdayNov 29, 2018 10:57 am

Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) is “One to Watch”

Delivers effective, non-invasive, pain free skin care through its proprietary thermal therapy device technology Products approved by FDA and Health Canada as Class II medical devices Current product InterceptCS™ treats cold sores by application of controlled topical heat with no risk of burning the skin Current product TherOZap™ relieves pain, itch and inflammation of more than 20,000 types of insect and marine life bites and stings Future product now in R&D will incorporate thermal therapy device with medical cannabis or CBD gel, cream or salve Completed full IP review of patents, trademarks, and regulatory approvals for thermal therapy technology Global…

ThursdayNov 29, 2018 9:00 am

Change in Attorney General Could Mean a Cannabis Revolution in the US

CannabisNewsWire Editorial Coverage: A new attorney general is still to be named to replace unabashedly anti-cannabis former AG Jeff Sessions. As the market awaits a new AG, there’s a steady push from cannabis companies keeping an eye on the massive potential of the U.S. market, companies that include Chemistree Technology, Inc. (CSE: CHM) (OTCQB: CHMJF) (CHMJF Profile), Aurora Cannabis (TSX: ACB) (NYSE: ACB), CannTrust Holdings, Inc. (TSX: TRST), Organigram Holdings, Inc. (TSX.V: OGI) (OTCQX: OGRMF), and Supreme Cannabis Co. (TSX.V: FIRE) (OTCQX: SPRWF) (SPRWF Profile). By the end of 2025, the legal cannabis industry is expected to reach $146.4 billion worldwide. Meanwhile,…

ThursdayNov 29, 2018 9:00 am

Cannabis Industry Stays in Spotlight with Ongoing Developments

CannabisNewsWire Editorial Coverage: Profitability and more widespread legality are drawing fresh investment to the cannabis sector. Major investors and outside companies are putting big money into cannabis. Undervalued companies provide good opportunities for new investors in the sector. Following the legalization of recreational cannabis in Canada, companies in the United States are seeing even larger market caps. As attitudes change, more cannabis companies are expected to soon be listed on major U.S. exchanges. With a strong pick-and-shovel strategy alongside recent direct investment in cannabis, Generation Alpha, Inc. (OTCQB: GNAL) (GNAL Profile) is among the cannabis companies seeing good growth. Tilray,…