January 2019 - Page 3 of 12 - CannabisNewsWire

MondayJan 28, 2019 4:20 am

420 with CNW – Massachusetts Legal Cannabis Sales Hit Nearly $24M during First Two Months

Massachusetts started retail sales of recreational marijuana on November 20 and nearly $24 million worth of cannabis has so far been sold in just two months, according to statistics released by the state. The data released by the Cannabis Control Commission shows that cannabis products worth $23.8 million were sold by licensed dispensaries in the maiden two months since retail sales started. The statistics also show that retail sales have been booming since the first day of legal recreational cannabis sales. For example, the two dispensaries that opened on the first day of legal sales made about $2 million in…

FridayJan 25, 2019 4:20 pm

420 with CNW – Florida Governor wants Smokable Marijuana Ban Ended

Gov. Ron DeSantis of Florida has spoken out against the medical marijuana law and threatened to step in decisively if the legislature doesn’t amend that law to permit patients to smoke medical cannabis. The Republican Governor wants the state to have a new law that puts an end to the ban on smokable marijuana and also loosen the restrictions on the licensing conditions for treatment centers. DeSantis wants this law by mid-March. The Governor feels that Florida voters spoke clearly enough when they approved medical marijuana, so the legislators should pass legislation that is in line with the wishes of…

FridayJan 25, 2019 12:10 pm

Cannabis Strategic Ventures Inc. (NUGS) Assembles Experienced Team as Preparations for OTCQB Uplisting Intensify

Board strengthened through appointment of independent directors Additional talent rounds up management team as preparations for planned uplisting escalate Pursuit of over 20 cannabis licenses from California Bureau of Cannabis Control continues NUGS plans to develop 250,000 square feet of cultivation space Cannabis Strategic Ventures Inc. (OTC: NUGS) recently added a number of cannabis industry insiders to its executive team and board of directors. In October 2018, the company announced the appointment of Alan Tran to its board of directors. Tran brings strong financial and strategic skills to Cannabis Strategic Ventures, having led several successful management, consulting and financial teams,…

FridayJan 25, 2019 11:42 am

High Yields, Low Production Cost Give The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Competitive Advantage in Cannabis Market

The Flowr Corporation anticipates maximizing yield even further, lowering production costs to C$2.05 per gram in 2019 Company seeking strategic partnerships to ensure solid distribution channels and opportunities to advance cultivation techniques Cannabis supply expected to surpass demand, giving competitive advantages to companies with high yields and low production costs Canadian cannabis product manufacturer The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) has designed and built 17 cultivation facilities to date, relying on innovative processes to ensure high yields and low production costs. This methodology could give Flowr a competitive advantage moving forward as anticipated changes occur in the cannabis sector.…

FridayJan 25, 2019 10:32 am

Marijuana Company of America Inc. (MCOA) Begins Clone Production Earlier, Aiming for Extended Growing Season

Planting at the Scio project in Oregon can begin in late May or early June, extending the growing season by 45 to 60 days The project has already received Oregon Department of Agriculture registration to cultivate hemp in 2019 Company will cultivate three different strains of hemp, characterized by high CBD content and a very low THC level Marijuana Company of America Inc. (OTCQB: MCOA), an innovative hemp and cannabis corporation, announced on January 10 that clone production at the Scio, Oregon, high yielding CBD hemp project is underway. MCOA and joint venture partner Global Hemp Group Inc. (OTC: GBHPF)…

FridayJan 25, 2019 4:20 am

420 with CNW – Missouri Prosecutors Change Stance on Marijuana Cases

It is still illegal to consume recreational marijuana in Missouri, but prosecutors in several urban areas there have decided to stop going after people found in possession of small amounts of cannabis. The prosecutors in Jackson County, St. Louis and St. Louis County have all announced that their efforts will be directed elsewhere rather than on small-time marijuana cases. The change in these urban areas isn’t unique to Missouri. Brooklyn, Manhattan, Albany and Virginia are other examples of urban authorities where similar policies are being implemented. Wesley Bell, the new prosecuting attorney of St. Louis County, is the latest urban…

ThursdayJan 24, 2019 4:20 pm

420 with CNW – Most US Mayors Support Marijuana Legalization, Survey Shows

A survey conducted by a team of researchers based at Boston University shows that a slight majority of all city mayors across the U.S. supports the legalization of marijuana and the regulation of its sales. 110 current city mayors from 37 states in the nation were asked to share their views about marijuana and several other policy issues. The researchers found that 53 percent of the mayors were in favor of marijuana legalization and regulated sales within their cities while 35 percent of the mayors said they didn’t support the legalization of marijuana in their jurisdictions. Many of the mayors…

ThursdayJan 24, 2019 2:03 pm

This Week in Cannabis: Rules Approved, a Blockbuster Deal, and an out of Touch Presidential Hopeful

This last week resulted in a number of cannabis news stories making headlines, from California to Florida and beyond. Florida patients received support from their Governor, while supporters of a likely presidential candidate found out just how out of touch he is with voters. Below is a recap. California officials give final approval to cannabis regulations What happened: California's three cannabis licensing authorities finally approved state regulations for the state's cannabis industry. California is home to the oldest legal medical cannabis industry in the nation and passed an adult-use legalization initiative in 2016. Why it matters: California is the most…

ThursdayJan 24, 2019 12:59 pm

SinglePoint Inc. (SING) On Point with CBD Therapeutics for Pets

SinglePoint recently launched Phyto-Bites product to help pets – particularly dogs – deal with stress, pain and separation anxiety The company anticipates building on its vertical acquisition strategy in 2019 to capitalize on federal hemp legalization Market forecasts anticipate U.S. pet industry expenditures, which would include therapeutic products, to more than double within the next few years Pet owners looking for natural therapies to help their four-legged loved ones through bouts of pain and anxiety are gaining an increasing array of options as the cannabis revolution opens the doors to new product research, including therapeutics for animals. Now, SinglePoint Inc.…

ThursdayJan 24, 2019 11:37 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Acquires a $12 Million Investor

Lexaria Nicotine LLC partners with one of the world’s largest tobacco companies Opportunity to change nicotine delivery and improve the lives of millions Retains ownership of DehydraTECH while licensing the technology out to multiple industries Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) recently announced that its wholly owned subsidiary, Lexaria Nicotine LLC, has partnered with one of the world’s largest tobacco companies to fund the research and development of Lexaria’s patented DehydraTECH (http://cnw.fm/w86Vf). The partnership may potentially commercialize this cutting-edge technology for oral nicotine delivery. Chris Bunka, CEO of Lexaria Bioscience, is excited about the opportunity to work with a world-class…