December 2018 - Page 6 of 9 - CannabisNewsWire

ThursdayDec 13, 2018 9:57 am

SinglePoint, Inc. (SING) Sees Significant Growth, Triples Revenue Forecast for 2019

Diversified strategy capitalizing on emerging growth opportunities in mobile payments, cannabis and blockchain markets 2018 revenue are expected to top $1 million, while 2019 revenues are expected to triple with additional acquisitions and continued portfolio growth Subsidiary SingleSeed.com added multiple CBD product listings in 2018, organically increasing reach Industrial hemp included in massive 2018 Farm Bill compromise unveiled by lawmakers SinglePoint, Inc. (OTCQB: SING) expects its subsidiary, hemp-CBD distribution line SingleSeed.com, to be one of the company’s top revenue-producing holdings in 2019 – especially with recent news that industrial hemp is firmly rooted in the bipartisan 2018 Farm Bill legislation…

ThursdayDec 13, 2018 4:20 am

420 with CNW – US Federal Agency Announces Funding for Cannabis Research

The National Center for Complementary and Integrative Health (NCCIH) held a workshop on December 8 to interact with representatives of various cannabis industry stakeholders and federal agencies to discuss cannabinoid research. At the end of that workshop, the federal agency announced four funding opportunities for entities that were interested in conducting research on natural products like cannabis. For example, one funding opportunity is earmarked for looking into how cannabinoids, excluding THC, affect pain. Those four research projects are also intended to map the “biological signature” of the natural products being studied as well as establishing dosage levels in case those…

WednesdayDec 12, 2018 4:20 pm

420 with CNW – Interactive Cannabis Museum Opens in Las Vegas

The marijuana industry looks poised to grow massively, and the current wave of legalization in different US states has paved the way for entrepreneurs and innovators to bring new products to the market. The latest addition to the cannabis world is an interactive cannabis museum in downtown Las Vegas aptly named “Cannibition”. This museum is the brainchild of J.J Walker. He felt that marijuana needed to be given an immersive experience akin to what ice cream, pizza, avocadoes and other products get. The entrepreneur intends to teach visitors to Cannibition about the entire journey of cannabis from when it is…

WednesdayDec 12, 2018 11:51 am

ChineseInvestors.com, Inc. (CIIX) Signs LOI for VitaMist, Ltd. Licensing Sales Agreement, Development of Exclusive Vitamin/CBD Spray Line

Strategy is to expand its product line, leverage VitaMist’s branding and longevity, and utilize the company’s spray technology for a delivery system as a future for CBD consumption The LOI is with BCDBG, Inc., parent of VistaMist, for sales by CIIX to the global Asian market; the agreement would give CIIX rights to sell the brand’s organic vitamin spray line Under the agreement, BCDBG would also develop an exclusive and proprietary product line for CIIX that will include vitamin sprays and vitamins/CBD spray combinations ChineseInvestors.com, Inc.’s (OTCQB: CIIX) LOI with BCDBG, Inc. for the global Asian community sales rights to…

WednesdayDec 12, 2018 9:00 am

Political Breakthrough Heralds the End of the Prohibition on Hemp

CannabisNewsWire Editorial Coverage: With federal legalization of hemp expected in the United States by Christmas, the farming and cannabidiol product industries are anticipating great changes in their future. Hemp farming, which has been illegal in the United States since 1970, is about to be made legal under the newest Farm Bill legislation. Pilot projects and work in Canada have allowed companies to prepare for U.S. hemp farming by developing their techniques, science and crop strains. With legalization promising great growth, companies are seeking paths to investment opportunities. Marijuana Company of America, Inc. (OTC: MCOA) (MCOA Profile) is among the innovating…

WednesdayDec 12, 2018 4:20 am

420 with CNW – New Zealand Passes Medical Cannabis Bill

The government of New Zealand passed the medical cannabis bill earlier today (December 11). The bill provides a legal defense to anyone prosecuted for consuming medical cannabis during the time when a scheme has not yet been established to regulate how medical cannabis can be accessed. The bill stipulates that the regulatory framework for access to medical cannabis should be in place within 12 months after the bill was passed. In the meantime, those who are terminally ill and are undergoing palliative care or are otherwise in the final stages of terminal illnesses can use cannabis and rely on the…

TuesdayDec 11, 2018 4:20 pm

420 with CNW – Hemp Legalization Could Pave the Way for Marijuana Decriminalization

The Farm Bill of 2018 is getting its final touches to reconcile the versions approved by Congress and Senate. The bill will allow the cultivation of hemp, a plant that has for long been a controlled substance alongside cannabis. Marijuana advocates see the legalization of hemp as a precursor of what will inevitably happen with regard to cannabis since both plants belong to the same family. Hemp contains just trace amounts of THC (tetrahydrocannabinol) and is rich in CBD (cannabidiol) while cannabis has a high CBD and THC content. Hemp has often been called “industrial hemp” because of its numerous…

TuesdayDec 11, 2018 11:25 am

Sugarmade, Inc. (SGMD) is Introducing Brands to Disrupt the Cannabis Industry

Investing in products and brands with disruptive potential in the hydroponics and cannabis industries Utilizing advancements in hydroponics and modified atmosphere technology to produce a higher yield and longer shelf life Meeting a growing demand for hydroponic cultivation of cannabis Sugarmade, Inc. (OTCQB: SGMD), a hydroponics supply company involved in various hyper-growth business segments, has established itself by investing in products and brands with disruptive potential. By expanding business operations across diverse marketplaces, the company continues to maximize stakeholder and shareholder value. SGMD focuses on a number of quality products, and customers keep coming back for more. A few of…

TuesdayDec 11, 2018 4:20 am

420 with CNW – Federal Report Shows More Banks Doing Business with Cannabis Companies

A quarter-three report for 2018 released by the Treasury Department’s FinCEN (Financial Crimes Enforcement Network) shows that the number of financial institutions that are doing business with marijuana businesses has increased by 20 percent from what it was at the start of this year. The data gathered by FinCEN shows that 111credit unions and 375 banks had cannabis businesses as clients by the end of September. This latest report has no surprises since previous quarterly reports by the agency showed a steady increase in the number of financial institutions willing to work with cannabis businesses even if national laws regard…

MondayDec 10, 2018 4:20 pm

420 with CNW – Alaska Credit Union Opens Its Doors to Cannabis Businesses

Credit Union 1 in Alaska has announced that it will begin a pilot program of offering financial services to cannabis businesses in the state. This pilot program is scheduled to start in the first six months of 2019. The step taken by Credit Union 1 is a brave one because the majority of the financial institutions in the country are hesitant to have cannabis businesses as clients due to the prohibitions at the federal level. Credit Union 1 is chartered at the state level. The Credit Union revealed that it was driven by security concerns when making the decision to…