August 2019 - Page 2 of 9 - CannabisNewsWire

WednesdayAug 28, 2019 4:20 am

420 with CNW – Thailand Turns Confiscated Marijuana into Medical Products

Thailand legalized medical marijuana last year and it started distributing cannabis oil in state-run hospitals last week. Now the Thai authorities have announced that they will be turning over any seized illegal marijuana to the government agency making cannabis oil for distribution in government-run hospitals. This week, the police confiscated one ton of marijuana from a criminal gang. Rather than destroy this bust, the Thai authorities have made a decision to transfer the marijuana to the Department of Traditional Alternative Medicine as well as the Department of Medical Sciences. These two entities are authorized to process the marijuana into about…

TuesdayAug 27, 2019 4:20 pm

420 with CNW – Minnesota Governor Instructs State Agencies to Get Set for Marijuana Legalization

The Democratic governor of Minnesota is taking steps to prepare the state for the possible legalization of marijuana next year. This came to light when Gov. Tim Walz (D) was hosted during a radio program. Different agencies, such as those charged with matters of revenue, public health and safety, have all been put on notice to get ready to swing into action as soon as lawmakers pass the appropriate law. Ryan Winkler, the Democratic House Majority Leader, also revealed that he would sponsor a marijuana legalization bill during the 2020 legislative session. In an editorial he authored, Winkler underscored the…

TuesdayAug 27, 2019 12:29 pm

Cannabis World Congress and Business Expo Provides Showcase for the Business of Bud

The sixth annual LA Cannabis World Congress and Business Expo will take place in Los Angeles, September 25-28 The CWCBExpo will feature a continuing education workshop, opportunities to network with cannabis industry professionals, exhibit booth access and an informational forum on hemp The expo’s New York event in June sold out the exhibit floor and saw a packed crowd for Steve White’s opening keynote address; a similar keynote is scheduled to open the expo in LA The business of bud is booming, as legalization of the once off-limits plant spreads roots throughout North America and into far-flung international markets. Thousands…

TuesdayAug 27, 2019 11:10 am

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) Adds to Multistate Portfolio with Nevada Acquisition

Combined adult-use and medical cannabis sales in Nevada reached nearly $530 million in 2018, the first full year of legal recreational sales The company’s acquisition of Vegas Valley Growers North in Las Vegas included production facilities, four state licenses and popular Nevada vape brand ‘Vegas M Stick’ National cannabis holding company IONIC Brands Corp. (CSE: IONC) (OTC: IONKF), formerly Zara Resources Inc., recently added to its multistate portfolio of award-winning cannabis brands with the purchase of Vegas Valley Growers North (“VVG”), a Las Vegas, Nevada, state-licensed cultivation and manufacturing firm for medical and recreational cannabis. The vertically-integrated, cash-flow positive opportunity brings…

TuesdayAug 27, 2019 4:20 am

420 with CNW – Scientists Find That Chocolate Complicates THC Testing in Marijuana Edibles

Scientists recently discovered that chocolate inexplicably complicates the process through which the potency of marijuana edibles can be tested. This discovery was revealed during the American Chemical Society conference held on Sunday. David Dawson, the principal investigator, revealed that the THC potency of marijuana edibles can be affected if those products contain chocolate. These findings could make manufacturers, regulators and consumers to rethink everything they know about marijuana edibles. To illustrate the ramifications of his findings, David Dawson referred to the law in California which requires any marijuana edible whose THC content is found to be less than what is…

MondayAug 26, 2019 4:20 pm

420 with CNW – New Industry-Backed Cannabis Legalization Measure Announced in Florida

A multi-state medical marijuana dispensary chain is behind the latest measure which has been filed to legalize recreational marijuana in Florida. This measure was filed on Aug. 6. The 2020 ballot measure was a filed by Make It Legal Florida, a political committee registered at the beginning of this month. The chair of this committee is the government affairs director of MedMen, a medical marijuana dispensary with operations in Florida and several other states. Under this proposal, it would be legal to possess, use and transport up to a maximum of 2.5 ounces of recreational marijuana as long as one…

MondayAug 26, 2019 2:02 pm

CannaPharmaRx Inc. (CPMD) Developing Cultivation Facilities Across Canada, Aiming to Build Profile in Burgeoning Industry

CannaPharmaRx is in the process of acquiring, funding and developing three significant cannabis cultivation sites in Ontario and British Columbia The company’s agreements with the facilities’ owners grant it access to cultivation sites that could return close to 300,000 pounds of product per year The global cannabis cultivation industry is expected to become a nearly $155 billion market by 2026 Real estate investment and early-stage pharmaceutical company CannaPharmaRx Inc. (OTC: CPMD) is advancing its plans to become a cannabis cultivator using proprietary formulation and drug delivery technology currently in development to expand in an industry that is evolving at an…

MondayAug 26, 2019 1:33 pm

VPR Brands LP (VPRB) Reports 31% Jump in Sales, Uplists to OTCQB Venture Market

Citing larger distributor and private-label orders, VPRB reported revenues of $1.58 million for Q2 2019 The company also reported a 31 percent increase in sales VPRB attained an uplisting to the OCTQB Venture Market VPR Brands LP (OTCQB: VPRB), a multi-vertical, tiered company in the cannabis space, has increased its sales significantly through larger distributor and private-label orders, growing its quarterly figure to $1.58 million for the three-month period ended June 30 to record a 31 percent increase over the same period of 2018. VPRB also reported a 31 percent year-over-year sales increase for the six months ended June 30,…

MondayAug 26, 2019 11:50 am

Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Inks Agreement Increasing Cannabis Holdings in Arizona’s Greening Desert

Cannabis investment building company Nabis Holdings is establishing a profile of synergistic and vertical properties across the United States The company recently announced an agreement to gain 100 percent of the membership units in a Phoenix-based medical marijuana asset, including a dispensary in a community that serves more than 132,000 unique patients The acquisition adds to Nabis’ already growing profile in the state, including a broad dispensary network, cultivation facility and greenhouse north of Phoenix Nabis expects its revenues to see a sharp increase during the next two years with its acquisition strategy Vertically integrated cannabis specialty investment company Nabis…

MondayAug 26, 2019 4:20 am

420 with CNW – Missouri Receives More than 2,100 Medical Marijuana Business Applications

The Department of Health in Missouri announced earlier this week that it had received 2,163 applications from companies that wanted to operate medical cannabis facilities in the state. This tally reflects the applications that were received by the time the 4:30 pm Monday deadline clocked. Only a small fraction of those applicants will be given licenses by the end of this year since the number of dispensary licensees required is 192 while 86 licenses will be given to manufacturing facilities. 60 licenses are earmarked for medical marijuana cultivators while ten are for testing facilities. This means that the state will…

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Month: August 2019