July 2019 - CannabisNewsWire

WednesdayJul 31, 2019 4:20 pm

420 with CNW – Florida Activists Notch First Victory in Campaign to Put Cannabis Legalization on the 2020 Ballot

An effort to legalize recreational marijuana in Florida registered its first victory on Monday when reform activists announced that they had collected a sufficient number of signatures in order to trigger a process through which the state’s Supreme Court would review the language of their petition. If the court approves the petition’s language, Regulate Florida, the group behind the legalization effort, will face its biggest hurdle yet. At least 766, 200 voter signatures will need to be collected in order to put cannabis legalization on the state ballot next year. This required number of signatures is approximately ten times what…

WednesdayJul 31, 2019 10:53 am

Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Enters California Cannabis Market with Dispensary in Southern Desert

Cannabis industry investment builder Nabis Holdings has purchased Desert Hot Springs’ Desert’s Finest dispensary The new asset gives Nabis an entry point into the world’s largest cannabis industry market, and it is strategically located near the annual Coachella Music Festival Nabis envisions revenues of C$14.8 million this year with a leap to C$167.9 million next year, translating into forecasts of C$4.1 million in profits this year and C$67.5 million in 2020 The remarkable rise of the cannabis industry and its variety of sectors has created a sea change in some market metrics, drawing investors’ risk capital from last year’s newsmakers (http://cnw.fm/MwLZ7).…

WednesdayJul 31, 2019 4:20 am

420 with CNW – Colorado Nurses to Launch Cannabis Information Hotline

A medical marijuana patient and a registered nurse in Colorado are teaming up to start a hotline to answer the questions that potential medical marijuana users have about the drug. If all goes according to plan, this hotline will be launched in September. Katherine Golden, the registered nurse in this duo, admits that she was skeptical about the medical benefits of marijuana until a family member was diagnosed with cancer and she felt compelled to look for peer-reviewed research on the benefits of marijuana for cancer patients. What she found astounded her and she wondered how all that information was…

TuesdayJul 30, 2019 4:20 pm

420 with CNW – Cuomo Signs Marijuana Expungement and Decriminalization Bill

On Monday, New York Gov. Andrew Cuomo (D) signed into law a bill that expanded marijuana decriminalization and also paved the way for people with certain marijuana convictions to have their criminal records wiped clean. The new law, which will take effect 30 days from the date of signing, will make the possession of less than two ounces of cannabis a non-criminal offense punishable by a fine that varies between $50 and $200 depending on how much marijuana one is convicted for possessing. In a press release, Cuomo stated that the signing of this law is a critical step towards…

TuesdayJul 30, 2019 10:46 am

City View Green Holdings Inc. (CSE: CVGR) Strengthening Finance Strategy, Constructing Cannabis Production Facility Near Toronto

City View Green Holdings is completing the construction of a 40,000-square-foot cannabis cultivation facility in the Toronto-area following an all-clear notice from Health Canada under its new licensing regulations City View began trading on the Canadian Stock Exchange in March and has recently cleared more than half a million dollars in debt as part of efforts to strengthen its financial profile The company expects its 19.9 percent stake in Canadian retailer Budd Hutt to provide it with an avenue for gaining shelf space in Alberta and for other retail opportunities across the country CVGR’s fledgling operation has the benefit of…

TuesdayJul 30, 2019 9:00 am

Political Backing, Investor Interest Fuel Kentucky Hemp Boom

CannabisNewsWire Editorial Coverage: The surging hemp industry means exciting benefits for Kentucky. Hemp is big business in Kentucky. Among the companies working in the state is Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile), a supplier of hydroponic equipment that is now moving into hemp through an investment in Hempistry. In New York, a leading politician has been in contact with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) to ensure the survival of a hemp project threatened by executive upheaval. Tilray Inc. (NASDAQ: TLRY) is looking even further than North America for growth. Cronos Group Inc. (TSX: CRON) (NASDAQ: CRON) is focusing…

TuesdayJul 30, 2019 4:20 am

420 with CNW – Congressional Bill Seeks to Protect Some Students from Losing Financial Aid Due to Marijuana Convictions

On Friday, a group of Democratic lawmakers introduced a bill in Congress that would protect some college students from losing their federal financial aid if they are convicted for possessing marijuana. The bill also states that to benefit from this protection, those affected students must complete a rehabilitation program in order to remain eligible for financial aid. The existing law allows the government to strip students of their federal financial aid for a period that can range from a year to indefinitely based on their prior drugs convictions and the gravity of the drugs offense they have been convicted for.…

MondayJul 29, 2019 4:20 pm

420 with CNW – Cannabis Flavonoids Could Trigger Another Medical Marijuana Revolution

Just as skeptics were beginning to grudgingly acknowledge that marijuana’s cannabinoids do have medical benefits, a new wave or revolution is about to start if new research into the painkilling effects of the flavonoids unique to cannabis is anything to go by. A team of Canadian researchers has found that two flavonoids found in cannabis could be 30 times more powerful than aspirin, without the adverse effects associated with the conventional painkiller. The work of these scientists seems poised to open another front in the medicinal potential of the cannabis plant which is enjoying growing popularity as the decades of…

MondayJul 29, 2019 12:59 pm

City View Green Holdings Inc. (CSE: CVGR) to Build Retail Footprint, Adds Depth to Green Team

City View Green Holdings and Budd Hutt recently announced an agreement to acquire eight retail cannabis store locations in Alberta The potential economic impact of legalized adult-use cannabis in all its forms, along with transportation, licensing fees and security, is estimated at more than $22 billion in Canada City View’s focus is on growing high quality flower and creating premium edible offerings, distillates and water-soluble products City View Green Holdings Inc. (CSE: CVGR), a vertically integrated cannabis company focused on seed to retail, is creating a diversified company that investors can appreciate. City View has successfully attracted top talent in…

MondayJul 29, 2019 12:27 pm

SinglePoint Inc. (SING) Sees Growth Across Multiple Revenue Streams

Direct Solar achieved more than $3 million in solar contracts in just 60 days SING has expanded into the commercial solar market, opening up additional revenue streams CEO shared news from multiple revenue streams on MoneyTV with Donald Baillargeon SinglePoint Inc. (OTCQB: SING) is a well-diversified holding company. What started as a full-service, mobile-technology provider has grown into a recognized brand with multiple revenue streams. A recent acquisition in alternative energy has exceeded the company’s expectations, and growth is abundant across all of the company’s revenue streams. Direct Solar, a subsidiary of SING, is a leading solar energy brokerage providing…