May 2019 - CannabisNewsWire

FridayMay 31, 2019 4:20 pm

420 with CNW – Canopy Growth Funds Digital Tools to Combat Underage Cannabis Use

Canopy Growth, one of the largest marijuana companies in Canada, has teamed up with two drugs awareness organizations to develop digital tools which will help to curb drug abuse among young people. The two entities with which Canopy Growth has partnered are Canadian Students for Sensible Drug Policy and the second is Parent Action on Drugs. The collaboration has resulted in the creation of a text messaging service and an educational chatbot which will help parents, educators and youth to speak candidly about marijuana use. Hilary Black, the Chief Advocacy Officer of Canopy Growth, revealed that the partnership was cemented…

FridayMay 31, 2019 11:51 am

CFO of ChineseInvestors.com Inc.’s (CIIX) Foreign Enterprise to Present at LD Micro Invitational

The CFO of CIIX’s CBD Biotechnology Co. Ltd. is scheduled to speak at the microcap conference The company official is expected to share exciting new developments related to its hemp product line with current and prospective investors The company anticipates exciting opportunities for business growth in the coming months ChineseInvestors.com Inc. (OTCQB: CIIX) will be an official presenter at the 9th Annual LD Micro Invitational to be held June 4-5 at the Luxe Sunset Boulevard Hotel in Bel-Air, California. Alex Hamilton, chief financial officer of CIIX’s wholly owned foreign enterprise, CBD Biotechnology Co. Ltd., will present a corporate overview at…

FridayMay 31, 2019 10:50 am

Earth Science Tech Inc.’s (ETST) White-Label Initiative Designed to Gain Market Share

The company is now able to fulfill inquiries about white labeling its full-spectrum cannabinoids line ETST has added markets for CBD products through two distribution agreements The company continues to eye product placement in large chain and health food stores, dispensaries, chiropractor offices, athletic clubs and clinics Earth Science Tech Inc. (OTCQB: ETST), a biotech company focused on the nutraceutical and pharmaceutical fields, is seeking to gain more market share through its white-label initiative that offers marketers the ability to rebrand its full-spectrum cannabinoids line (http://cnw.fm/s4QmA). “I’m excited to share that our sales have consistently increased over 100% every month,” ETST…

FridayMay 31, 2019 10:22 am

MariMed Inc. (MRMD) Reports 69% Jump in Q1 2019 Revenues, Adopts Growth Strategy

MRMD improved its adjusted EBITDA in Q1 2019 by 76 percent The company’s multipronged strategy for growth includes continued consolidation of cannabis operations and the launch of a subsidiary MariMed CEO identified the company as a “significant early mover” in the burgeoning CBD health and wellness market MariMed Inc. (OTCQB: MRMD) recorded a 69 percent jump in revenues to $3,515,815 for the three months ended March 31, 2019, as compared to $2,082,950 for the comparable period of the prior year. The company’s gross profit for the quarter rose 90 percent, to $2,261,025, from $1,194,081 for the same period in 2018.…

FridayMay 31, 2019 4:20 am

420 with CNW – Arizona Medical Cannabis Dispensaries Celebrate Supreme Court Decision on Concentrates as Sales Soar

In a 7-0 emphatic decision, the Supreme Court of Arizona has quashed a ruling by the Court of Appeal to the effect that marijuana concentrates, such as hashish, were not included in the law which legalized medical marijuana in the state. This case arose after Yavapai County convicted a patient with a valid medical marijuana card issued by the state for possessing hashish. In their ruling delivered on Tuesday (May 28), the justices affirmed that the law legalized all forms of the cannabis plant, including the concentrates made from any segments of the plant that manufacturers deemed fit for processing.…

ThursdayMay 30, 2019 4:20 pm

420 with CNW – Illinois Senate Passes Recreational Cannabis Legislation Bill

As the legislative session enters its final days, the senate in Illinois has voted to pass a recreational cannabis legalization bill after months of debate and modification. The bill now goes to the Assembly before being presented to Gov. Pritzker by the end of this month. The bill has a number of provisions which are intended to promote social equity once the marijuana industry becomes fully legal. For example, the bill provides for the automatic expungement of previous convictions for the possession of less than an ounce (30 grams) of marijuana. Individuals who were convicted for possessing between 30-500 grams…

ThursdayMay 30, 2019 11:56 am

NCIA Cannabis Business Summit & Expo 2019 Offers Unique Opportunity to Intermingle with Industry Innovators and Influencers

With its 6th Annual Cannabis Business Summit & Expo, the National Cannabis Industry Association (NCIA), the largest cannabis trade association in the U.S. and the only organization broadly representing state-sanctioned cannabis-related businesses at the federal level, is once again offering a unique opportunity to intermingle with industry innovators and influencers. Set to run from Monday, July 22, to Wednesday, July 24, at the San Jose Convention Center, the event will feature presentations by 150+ influential figures. Over 10,000 attendees are expected. They will be served an informative fare that includes updates on current developments in the space, as well as…

ThursdayMay 30, 2019 11:22 am

Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 71P) Participates in Inaugural Cannabis Forum, Purchases Facility in Washington

Nabis Holdings discussed the importance of cannabis legislative changes during an inaugural edition of a congressional cannabis forum in Washington, DC The company also announced the acquisition of a cannabis extraction and production facility in Washington state Through modernization and expansion, the company plans to ramp up the facility’s production capacity to 20,500 kilograms per year Jade Green, special advisor to Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 71P), participated in the KCSA Strategic Communications’ Inaugural Congressional Cannabis Day Forum that took place in Washington, DC on May 21, 2019. Green attended a panel discussing important legislative changes such as…

ThursdayMay 30, 2019 10:56 am

Geyser Brands Inc. (TSX.V: GYSR) Expands Production Facility, Hopes to Capitalize on CBD Wellness Markets

Geyser Brands recently commenced upgrades; it anticipates R&D and processing amendments The facility expansion is expected to improve the company’s focus on processing quality and consumer satisfaction Solace Management Group recently increased its production capacity and invested in new equipment for consumer health care and pet wellness production Geyser Brands Inc. (TSX.V: GYSR) is a leading Vancouver-based consumer health care company producing some of the world’s most popular cannabis brands and products. The company’s licensed producer (LP), Apothecary Botanicals, has received Health Canada license amendment approval to update its 7,000-square-foot facility located in Port Coquitlam, British Columbia. This expansion, anticipated…

ThursdayMay 30, 2019 4:20 am

420 with CNW – Missouri Puts Final Touches to Medical Marijuana Rules

Voters in Missouri approved a ballot measure which legalized medical marijuana in 2018. In March this year, the Department of Health and Senior Services released draft rules for the medical marijuana program and invited public comment on those rules. Last week, the department completed making changes to the draft rules based on the feedback received and they published the revised draft rules on the department’s website on Friday. The rules cover 11 broad aspects of the medical cannabis program. These include rules covering patients and caregivers participating in the program, cultivation facility license procedures and requirements, testing facilities, seed to…

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Month: May 2019