February 2019 - CannabisNewsWire

ThursdayFeb 28, 2019 4:20 pm

420 with CNW – Federal Reserve Boss Asks Congress for Clarity on Cannabis Banking

Jerome Powell, the chairman of the Federal Reserve, has asked the federal government to provide clarification on matters of banking services for the cannabis industry. Powell made these comments while addressing the Finance Committee of the U.S. Senate. He was referring to the difficulties that financial institutions face as they wish to serve cannabis businesses in states that have legalized the substance, but those same institutions feel hamstrung by federal banking laws that still regard marijuana as an illegal substance. It is not just banks and credit unions that are in this difficult position. Even supervisors and regulators face the…

ThursdayFeb 28, 2019 2:44 pm

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Maintains Lofty Growth Expectations for 2019

The Green Organic Dutchman is building on a series of agreements to scale up its cannabis production operations in Canada, Jamaica, Europe and Latin America The Company’s first crop goes on sale soon to an exclusive loyalty group of patients and investors The Dutchman’s production strategy envisions 80,000 kilograms of cultivation by the end of this year en route to 219,000-kilogram buildout by 2021 The company’s focus is on a premium organic brand built to high standards of environmental friendliness Canada’s prime mover efforts to legalize the use of cannabis nationwide, not only as a medicinal substance but also as…

ThursdayFeb 28, 2019 2:06 pm

Tinley Beverage Company (CSE: TNY) (OTCQX: TNYBF) Provides Pure-Play Access to the Cannabis-Infused Beverage Market

Tinley Beverage Company is the first public company to market with cannabis-infused beverages that authentically mirror popular liquors, without the alcohol content With a sole focus on THC-infused beverages and operations in the U.S.’s largest beverage market (and cannabis market), Tinley represents an efficient, pure-play vehicle for investing in the growth of the burgeoning cannabis beverage sector Working in collaboration with a California-based tequila formulator, Los Angeles-based Tinley Beverage Company (CSE: TNY) (OTCQX: TNYBF) has developed a line of ready-made, alcohol-free, cannabis-infused beverages that are made with authentic extracts, ethers, flavors and spices that are found in the world’s favorite…

ThursdayFeb 28, 2019 1:24 pm

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Growing Revenues with Commitment to High-Quality Cannabis

Supreme Cannabis Company pursuing new opportunities to build innovative cannabis businesses worldwide Its unique 7ACRES licensed producer subsidiary sets the company apart Supreme Cannabis is experiencing significant revenue growth The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) actively concentrates on its mission to grow sustainable cannabis businesses. Since 2014, the Toronto, Canada-based company has been at the center of the cannabis space, including forming 7ACRES as the first licensed producer focused on growing high-quality cannabis in high quantities. Supreme Cannabis’ wholly owned operating subsidiary and flagship brand, 7ACRES is committed to delivering on the company’s “craft quality,…

ThursdayFeb 28, 2019 12:52 pm

Icon Exploration Inc. (TSX.V: IEX.H) Plans to Enter Canadian Cannabis Market, Bring Modernization to Edibles, Capsules and Oils

Icon Exploration Inc.’s vision is to be a leader in Canada’s medicinal and recreational cannabis markets Icon’s strategy is to acquire through a reverse merger with a vertically integrated cannabis company Acquisition would give Icon a 40,000-square-foot cultivation facility and an option on a 125,000-square-foot farm/extraction space Icon Exploration Inc. (TSX.V: IEX.H) has set its sights on entering the Canadian cannabis industry, which Deloitte predicts will surpass $7 billion this year, including $4.4 billion in legalized recreational cannabis alone (http://cnw.fm/4IBqm). To enter this market, Icon anticipates a reverse merger with cannabis company City View Green (“CVG”), which has already applied to…

ThursdayFeb 28, 2019 12:14 pm

Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) Building Health and Wellness Profile by Prioritizing Skin Care

Cosmeceutical industry forecasts anticipate $73 billion market for cosmetic skin care products utilizing active chemical ingredients by 2023 Therma Bright is using trademarked infrared head technologies to target skin viruses and establish a protective barrier for the human body’s largest organ Company is also exploring cannabidiol’s properties as augmenting agent for thermal technologies in fighting pain Far from being mere tissue, skin is the human body’s largest and fastest-growing organ and a vital protection against harm to all of the body’s other organs and the systems that regulate their function (http://cnw.fm/17yNv), which provides an obvious reason for trying to keep skin…

ThursdayFeb 28, 2019 9:49 am

This Week in Cannabis: Will New Hampshire Be Next to Legalize?

The last week brought a number of significant cannabis moments, from reform movement at the state and local level to an encouraging study on cannabis and the brain. Below is a recap. Legalization moves one step closer in New Hampshire What happened: The New Hampshire House of Representatives voted in favor of a cannabis legalization bill this week. New Hampshire's Governor has stated that he will veto the measure if it reaches his desk, but lawmakers are proceeding nonetheless. Why it matters: New Hampshire is one step closer to joining other states that have legalized cannabis for adult use. If New…

ThursdayFeb 28, 2019 4:20 am

420 with CNW – Edmonton Considers “Notwithstanding Clause” to Allow Cannabis Retail Shops in Malls

Barely four months after recreational cannabis was legalized in Canada, the city of Edmonton has made a proposal to include a “notwithstanding clause” in the law that stipulates the distance between cannabis retail shops and other public facilities, such as libraries and schools. The current separation distances stipulated in the city’s bylaws state that there should be at least 200 meters between cannabis retail stores and schools or libraries. The law also stipulates that there should be at least 100 meters between a cannabis retail shop and provincial healthcare sites, parks and other public recreation facilities. While the approach included…

WednesdayFeb 27, 2019 4:20 pm

420 with CNW – Massachusetts Cannabis Regulators Consider Restricting Delivery Licenses to Small Entities

State marijuana regulators in Massachusetts have for long been baffled by how to ensure that there is equity regarding access to the different opportunities available in the cannabis industry. Now that dilemma may be solved if the proposals floated to ring fence cannabis delivery licenses for “equity” applicants are implemented. The Cannabis Advisory Board has suggested that as the state moves towards making it possible for cannabis to be delivered to people’s homes, all the home delivery licenses should be reserved for minorities that suffered disproportionately during the war on drugs that lasted for decades. The board is also suggesting…

WednesdayFeb 27, 2019 12:49 pm

What’s the Difference: Hemp CBD vs Cannabis CBD

With the explosion of CBD products in the last few years, and with plenty more on the horizon, it can be hard to know which ones work best for you, or even what the differences between them are. While the 2018 Farm Bill has legalized the cultivation of hemp and hemp-derived CBD, regulations on CBD products as well as customer education are lagging behind. One area which can be extra confusing is the difference between consuming CBD products made from hemp and CBD products made from cannabis. It might even be a surprise to learn there’s a difference. However, knowing the…

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Month: February 2019