June 2019 - Page 2 of 13 - CannabisNewsWire

ThursdayJun 27, 2019 9:47 am

Industrial Hemp Market Records Steady Growth, Creating New Opportunities for Suppliers Like Sugarmade Inc. (SGMD)

Legislative changes and growing demand are forecast to enable the industrial hemp sector to grow at a CAGR of 13.7 percent through 2026 The worldwide market is expected to eclipse $13 billion within the next seven years Such rapid growth is expected to provide strategic expansion opportunities for innovative cultivation equipment suppliers like Sugarmade Inc. Sugarmade Inc. (OTCQB: SGMD), a major supplier to the booming hydroponic cultivation sector, looks set to benefit from the many opportunities presented by the quickly expanding industrial hemp sector, as statistics indicate that the market is anticipated to reach $13.03 billion by 2026 from $4.63…

ThursdayJun 27, 2019 4:20 am

420 with CNW – Idaho Medical Cannabis Ballot Initiative Clears First Hurdle

According to a press release issued by the Idaho Cannabis Coalition on Tuesday (June 25), the group has submitted the required list of voters supporting their petition to see medical marijuana included on the state ballot in 2020. The group was told that they needed to collect a minimum of 55,057 signatures from Idaho voters if they were to be given the go-ahead to put together a ballot measure that would be voted on during the upcoming elections in 2020. The coalition duly collected the signatures and submitted them to the Secretary of State for verification before the next step…

WednesdayJun 26, 2019 4:20 pm

420 with CNW – It’s Official, Illinois is 11th to Legalize Recreational Marijuana

As had been widely expected, Gov. J.B Pritzker yesterday (June 25) signed a bill legalizing recreational marijuana in Illinois. This makes the state the 11th to legalize marijuana fully, joining the likes of Colorado and California. When this new law takes effect on Jan 1, 2020, adults 21 and older will be allowed to possess up to 30grams of marijuana and non-residents will be permitted to possess a maximum of 15grams. The signing ceremony marked the fulfillment of a pledge Gov. Pritzker made when he was campaigning for office. He promised to see the swift legalization of recreational marijuana in…

WednesdayJun 26, 2019 11:58 am

ChineseInvestors.com Inc. (CIIX) CEO Sees Planned Merger, Acquisition Activity as Key to Future

CIIX anticipates growth in the Asian region via merger and acquisition activities The company’s CEO expects sales to double over the next 12 months CIIX’s core business for years has been focused on educational services and delivering financial and investment news in real-time ChineseInvestors.com Inc. (OTCQB: CIIX) CEO Warren Wang said, in a Redchip Money Report interview with host Dave Gentry, that investors should know that CIIX is seeking to expand its future business via merger and acquisition activities in the Asian region (http://cnw.fm/7cxEu). During the interview, Wang projected CIIX’s sales to double over the next 12 months. Wang noted that…

WednesdayJun 26, 2019 11:31 am

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Sees Massive Sales Growth, Undertakes Strategic Expansion Steps

Wildflower’s sales growth is directly related to its strategic partnerships and the launch of new products The company’s CBD-infused products are now available at wellness guru Joel Warren’s ‘The Salon Project’ at Saks Fifth Avenue as part of a continued product offering expansion that began in March 2019 Wildflower is expected to continue working on new CBD and hemp-derived products in order to solidify its leading market position Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF), a Vancouver-based company with an emphasis on plant-based health and wellness products, reported a 78 percent increase in sales for its fiscal quarter ended March…

WednesdayJun 26, 2019 10:51 am

7 Ways to Save Money on Medical Cannabis

One of the biggest complaints among medical cannabis patients? The cost. While cannabis is a potent medicine, even the most dire of patients cannot write their health expenses off on their taxes, nor will insurance cover the cost of the herb. Further, finding insurance companies that will pay for the costs of cannabis-friendly doctors can also be a real challenge. One can make the argument that medical cannabis can perhaps save patients from the more extreme costs of advanced healthcare in the long run, providing a tool that allows patients to avoid paying more to manage the side-effects and complications associated with…

WednesdayJun 26, 2019 10:46 am

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Looking to Dominate Cannabis Edibles Market in California

Plus Products’ brands have seized five spots in a top-10 lineup of California cannabis offerings, including the leading position The company plans to expand its product line after recently completing a C$20 million capital raise Plus Products has secured an option to purchase Emerald Bay Wellness LLC, a California-based cannabis oil manufacturer What does it mean when a company has five of the top 10 edible SKUs in the largest cannabis market in the world? It could mean that, like Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), it’s on its way to market control. Plus Products, based in San Mateo,…

WednesdayJun 26, 2019 10:11 am

Willow Biosciences Inc. (CSE: WLLW) is “One to Watch”

Exclusive joint development agreement with Noramco, the world’s largest producer of chemically synthesized cannabinoids and pharmaceutical APIs, to commercialize biosynthesized CBD Willow is fully funded with $37 million and expects to have more than $15 million on the balance sheet once the biosynthesized CBD isolate is ready to sell as a product Experienced research team with historical expertise in developing a biosynthesized API derived from the opium poppy, from the bench level to commercial scale-up Established laboratories in Calgary and Vancouver, Canada, and in San Francisco, all undergoing expansion U.S. CBD market potential in excess of $66 billion by 2025…

WednesdayJun 26, 2019 9:00 am

New Technology Enters the Market as Demand Rises for Hemp Processing Power

CannabisNewsWire Editorial Coverage: Rising hemp production is putting pressure on processing. Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile), a provider of cultivation equipment, is adding processors to its catalog of products, focusing on next-generation machinery. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) will be among the companies with a rising demand for processing, as it increases both its cultivation capacity and its product lines. Demand is rising in part thanks to CBD’s public profile, with deals such as the partnership between Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) and UFC shining a spotlight on the plant and its potential. New uses…

WednesdayJun 26, 2019 4:20 am

420 with CNW – California Launches Public Campaign Against the Illicit Marijuana Market

The legal marijuana industry in California has been grappling with a number of challenges, chief of which is how to stamp out the illicit operators in the state. On Friday, the state launched a public campaign aimed at educating the public about the dangers associated with cannabis from the black market. The “Get #Weedwise” campaign is intended to encourage people to only buy marijuana from the regulated market. The campaign will also send out warnings to the illegal operators to either get licensed or close shop. In a press release, the Bureau of Cannabis Control (BCC) chief, Lori Ajax, said…