February 2020 - CannabisNewsWire

FridayFeb 28, 2020 4:20 pm

420 with CNW – New Mexico Moves to End Access to Medical Marijuana by Non-Residents

New Mexico has ruled out the enrollment of non-resident in their medical marijuana program. This week, New Mexico governor Michelle Lujan Grisham signed into law a bill that denies issuance of medical marijuana cards to non-residents. Last year the state approved a change in statute, which was signed by the governor, allowing out of state patients to enroll in the state's medical marijuana program. And since September, more than 600 patients from Texas, Arizona, and other states have enrolled in the New Mexico medical marijuana program. Under the new law, the patients will not be able to renew their medical…

FridayFeb 28, 2020 4:20 am

420 with CNW – Colorado Pot Sales Hit New Record

This week, the Colorado Department of Revenue released new data that showed that the dispensaries within the state set a new sales record in 2019. The state of Colorado raked in $1.74 billion in medical and adult-use marijuana sales, out of which $302 million was collected in the form of sales taxes. The tax proceeds within the state are used in the construction of new schools and health education programs. Compared to 2018, marijuana sales in the state of Colorado increased by 13% in 2019. Colorado was among the first states to legalized marijuana in the U.S, and since 2014,…

ThursdayFeb 27, 2020 4:20 pm

420 with CNW – Risks of Buying Marijuana from Unregulated Sources

It would be pointless to make mistakes or make yourself sick while cultivating marijuana as if there were no rigorous controls at an approved professional cultivation facility. On rare occasions, marijuana products might be contaminated, and their health benefits might turn to be health hazards. For this reason, you should buy marijuana products from licensed dispensaries and also avoid growing your own marijuana if you do not know what you are doing. This will minimize the risks of consuming contaminated cannabis. Discussed below are some of the contaminants that can be found in untested marijuana products. Mold Marijuana, which is…

ThursdayFeb 27, 2020 12:30 pm

CannabisNewsWire Recaps USA CBD Expo in Las Vegas, Today’s Leading Cannabidiol Industry Event

The USA CBD Expo held earlier this month was a perfect way to learn about the latest CBD products -- from coffee, oils, cosmetics, lotions, CBD pet products, CBD capsules, and tinctures to toothpicks and bath bombs. In addition, with the greatest selection of hemp and CBD products, the country’s biggest CBD event helped business owners in the niche learn how to target new audiences and grow their market share. USA CBD Expo was attended by the industry's biggest buyers, investors, and wholesalers in 2019, and 2020 was no exception. More than 500 leading industry brands attended the event held…

ThursdayFeb 27, 2020 4:20 am

420 with CNW – First Month of Illinois Recreational Pot Sales Earn the State $10M in Taxes

The first month of legal recreational marijuana sales in Illinois raked in more than $10 million in sales tax. The Department of Revenue in Illinois said that the legal sales were so strong such that they expect to surpass their original and conservative estimate for the first half year of sales. They are optimistic that they are going to collect more than $28 million from taxes on marijuana sales within the first six months of adult-use marijuana sales. Despite the shortages that plagued the state during the first month of legal sales, the state said that the retailers sold $40…

WednesdayFeb 26, 2020 4:20 pm

420 with CNW – Survey Shows More Older Adults Are Embracing Marijuana

Data from a new study shows that more older adults are using one or more marijuana product, but their doctors are not ready to discuss marijuana use with this demographic. The new study findings published in JAMA Internal Medicine showed an increase in the percentage of adults above the age of 65 who said that they had consumed some form of marijuana within the past year. The increase was 75% higher in 2018 than it was in 2015; 4.2 % of the adults said that they had used marijuana in the past year. Marijuana consumption among the older generation has…

WednesdayFeb 26, 2020 12:55 pm

NECANN Boston 2020 to Put the Future of Cannabis on Display Next Month

When NECANN Boston 2020 kicks off this spring, the Bay State will play host to the largest gathering in its flourishing cannabis industry. Set for March 20-22, 2020, at the Hynes Convention Center in Boston, the event is designed to cultivate collaboration in the East Coast’s medical and recreational cannabis sectors. NECANN takes a collaborative approach to its conventions, and this has resulted in consistently high ROI for exhibitors and sponsors. This year, more than 10,000 industry professionals are expected to attend, leading organizers to hail NECANN Boston 2020 as ‘The East Coast’s largest cannabis industry event’. NECANN Boston 2020…

WednesdayFeb 26, 2020 10:44 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Signs Landmark Sales Agreement with Leading Cannabis Distributor

SPRWF partners with humble+fume to offer complete cannabis solution to cannabis retailers Agreement achieves coast-to-coast coverage with 14 sales professionals managing relationships at a store level Supreme Cannabis accelerate revenue generation with plan to introduce new consumer-facing brands at all key price points Across Canada, a growing number of retail stores are opening as more and more cannabis consumers are opting to purchase cannabis products in store where they can view products and benefit from budtender recommendations. With this in mind, The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company dedicated to growing the world’s best…

WednesdayFeb 26, 2020 4:20 am

420 with CNW – Michigan Sees 29% Sales Growth for Recreational Marijuana in January

A statistical report on marijuana is published every month, and Michigan has released its report for the month of January. The report shows that in the month of January, adult-use marijuana sales in the state continued to grow at a steady pace. In January, adult-use sales rose to $9.8 million while previously in the month of December, the sales were $7 million. Michigan launched recreational sales of marijuana on December 1. For the month of January, the state will collect approximately $1.63 million in adult-use marijuana tax proceeds. Excise tax, which is 10%, accounts for $980,000 and $646,800 in sales…

TuesdayFeb 25, 2020 4:20 pm

420 with CNW – Consumers Seem to Be Gravitating Toward Cheap Marijuana, for Now

Marijuana consumers are considering their wallets when purchasing weed, and all they want is cheap marijuana with high THC content. In the past few years, several marijuana companies have developed high-quality, premium products, and these products are displayed on dispensary shelves. The companies believed that marijuana consumers would prefer luxurious marijuana products, just like the way beer consumers gravitate toward craft beer and aged whiskey in the spirits industry. The older generation and newbies are most likely to buy top-of-the-line marijuana to ease their concerns about the new world of cannabis, the companies thought. Some of the marijuana companies thought…