January 2020 - CannabisNewsWire

FridayJan 31, 2020 4:20 pm

420 with CNW – Canadian Monthly Pot Spending Exceeds $100M for the First Time

In business, a year can make a huge difference. At this time last year, pot stocks were untouchable as they were flying high, and most of the brand-name companies were expecting recurring profitability by the time 2019 comes to an end, but the reality of the situation was the opposite of their expectations. Some of the states in the U.S. have imposed high tax rates on marijuana sales, persistent supply challenges in Canada and the ever-growing marijuana illicit market posed a significant challenge to the legal marijuana industry in 2019 and these challenges eventually managed to push a several of…

FridayJan 31, 2020 12:31 pm

MCTC Holdings Inc. (MCTC) Adds to Clean-Infused Coffee Rollout with Customizable Tablets, Powder Products

MCTC Holdings Inc. is rapidly advancing patented infusion technologies that deliver cannabinoid extracts to consumers in potent, minuscule particulate forms that are virtually undetectable once infused MCTC has recently announced production of its new Hemp You Can Feel™ Coffee Infusions tablets and powders, which allow food and beverage manufacturers to cleanly infuse their products in a simple, cost-effective manner The company’s announcement follows on the heels of rolling out its own branded coffee infusion, which is designed to avoid the chemical additives and harsh extract manipulations many other products have used On the heels of launching its Hemp You Can…

FridayJan 31, 2020 4:20 am

420 with CNW – First Cannabis Consumption Lounge Gets Approved in Illinois

Illinois launched recreational marijuana sales on Jan. 1, and less than a month later, the state is planning to open the first marijuana consumption lounge where people would be allowed to use marijuana freely on-site. Springfield City Council approved a marijuana consumption lounge with a vote of 9 to 1. The HCI Alternatives consumption lounge will be located in the downtown area of Springfield. Illinois has allowed people to consume marijuana in the comfort of their residences. But, with the approval of marijuana consumption lounges, fans can now consume weed socially away from their homes. Springfield Alderwoman Doris Turner said…

ThursdayJan 30, 2020 4:20 pm

420 with CNW – More Illinois Residents Opt for Medical Marijuana to Dodge High Taxes

To get more states to legalize marijuana, the cannabis community has been convincing the people as well as the leaders by estimating the amount of tax revenue states could generate from the sale of legal weed. And from the look of things, lawmakers are starting to heed their cries as more and more states move to legalize either medical or recreational marijuana, or even both. However, the tax imposed on marijuana sales is too high in some states such that consumers are opting to buy weed from the black market where it is affordable. For Illinois residents, the better option…

ThursdayJan 30, 2020 4:20 am

420 with CNW – Chicago Housing Authority Eases its Strict Position on Recreational Weed

The new recreational marijuana market in Chicago is still facing some challenges. However, the challenge of being restricted from consuming pot in accomodations that fall within the ambit of the Chiacgo Housing Authority is being addressed in light of the state law allowing recreational marijuana. Marijuana consumers can now buy marijuana and smoke it at home. Previously, people living in subsidized housing facilities governed by federal law couldn’t smoke marijuana in their homes because as per federal law, cannabis is illegal. Last year, sixty-three thousand households received warning letters for possible evictions for families found violating federal marijuana laws. However,…

WednesdayJan 29, 2020 4:20 pm

420 with CNW – Medical Marijuana Initiative Cleared for 2020 Mississippi Vote

A medical marijuana legalization question will be on the 2020 ballot, allowing the residents of Mississippi to decide on the legalization of medical cannabis. If the voters approve ballot initiative 65, it will amend the state's constitution so that people with debilitating health conditions, which are included in the list of qualifying conditions such as cancer and epilepsy, would be able to access medical marijuana. In July 2018, the Medical Marijuana 2020 campaign sponsored by the Mississippians for Compassionate Care political group, kick-started the petition for the constitutional amendment. This was after the draft ballot initiative was approved by the…

WednesdayJan 29, 2020 11:45 am

SinglePoint Inc. (SING) Highlights Solar Focus on 1,100th Episode of MoneyTV; Diversification Creates Strong Opportunity

SinglePoint recently discussed solar, other programs on MoneyTV interview Company’s emphasis is diversification and M&A strategy SING provides investors the opportunity to make investments across broad set of assets Emphasizing new technologies, SinglePoint Inc. (OTCQB: SING) specializes in the acquisition of small to mid-sized companies. The company focuses on diversification into horizontal markets and has an acquisition-based business strategy. Headquartered in Phoenix, SinglePoint provides investors the opportunity to make investments across a broad set of assets, with an emphasis in new technologies. Recently, SinglePoint president Wil Ralston discussed the company’s major programs with Donald Baillargeon during MoneyTV’s 1,100th episode. Ralston…

WednesdayJan 29, 2020 4:20 am

420 with CNW – Chicago Passenger Caught Stealing from Marijuana Amnesty Box

Last week on Wednesday, an incoming traveler at Midway Airport stole marijuana from one of the marijuana amnesty boxes situated at the facility, said the Chicago Police. The cannabis amnesty boxes were installed a few weeks ago, and they coincided with adult-use marijuana legalization in Illinois. The amnesty boxes are for passengers who are boarding their flights at Midway or O’Hare airports to dispose of the unused marijuana products since no one is allowed to board a plane with any shred of weed. According to local media sources, during routine checks on Wednesday evening around 8 p.m., the police noticed…

TuesdayJan 28, 2020 4:20 pm

420 with CNW – Mexican Lawmakers Get Set to Legalize Pot in April

As the legislature resumes their sessions next month in Mexico, lawmakers are preparing to push for marijuana reform since they have been seen circulating an amended bill amongst themselves. The amended legislation seeks to legalize and regulate cannabis sales within Mexico. The amended legislation was filed by the Justice and Health committees. It would allow possession of a maximum of 28 grams of marijuana per adult and cultivation of a maximum of six plants for personal use. It also has a provision allowing people to apply for a license to carry more than 28 grams of weed but not above…

TuesdayJan 28, 2020 12:13 pm

SinglePoint Inc. (SING) CEO Reviews Record Year, Outlines Strategy for Record-Breaking Growth in 2020

CEO anticipates SING will surpass $10 million in gross revenues this year SinglePoint plans to drive 2020 vision through organic growth in high-value, high-opportunity markets and synergistic acquisitions Company to focus on Direct Solar, 1606 Original Hemp product line SinglePoint Inc. (OTCQB: SING) founder and CEO Greg Lambrecht thanked all 24,000-plus SING shareholders in a letter sent out this month (http://cnw.fm/I9YEe). The letter also outlines the company’s strategic plan for the new year, including a forecast that SinglePoint will reach $10 million in gross revenues this year, based primarily on the company’s focus on solar and the launch of 1606 Original…