April 2020 - CannabisNewsWire

ThursdayApr 30, 2020 4:20 pm

420 with CNW – Investing in Cannabis Amid COVID-19 Outbreak May be Wise

The economic fallout from the coronavirus crisis will be massive. With the U.S. already sliding into a recession, experts say it may take years for Americans to recover financially. With the economy in such a state, would it be wise to invest? Wouldn't it be better to hold onto those funds and see how things play out? Well, it depends on what you're investing in. Some stocks, like airline and restaurant stocks, aren't doing so well right now. A whole lot of industries have been affected by the outbreak, with most of the new unemployment cases concentrated in a certain…

ThursdayApr 30, 2020 1:16 pm

Sugarmade Inc. (SGMD) Announces Expansion of Cannabis Home-Delivery Service to Southern California

SGMD expanding BudCars Cannabis Delivery Service into LA area Sugarmade forecasts BudCars business to top $30 million in annualized revenues in Sacramento alone Company sees potential for up to 20 new BudCars hubs across California over next two years Sugarmade Inc. (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential and an early pioneer within California’s regulated cannabis industry, announced that its recently acquired BudCars Cannabis Delivery Service is expanding into the Southern California marketplace (http://cnw.fm/9n3mD). Initially launched in the Sacramento area, the cannabis home-delivery service has seen unprecedented growth in its first months…

ThursdayApr 30, 2020 4:20 am

420 with CNW – New Mexico Governor Regrets Missed Opportunity to Legalize Cannabis Before COVID-19 Pandemic

One of the best arguments for legalizing cannabis has been the tax revenue states stand to earn. Aside from providing employment opportunities, a legal cannabis market can generate millions in tax revenue. And at a time like this when most businesses are shut down while the cannabis industry still soldiers on, that revenue would have been a lifesaver. The governor of New Mexico recently said that she regretted the fact that the state hadn't yet legalized recreational marijuana. In a press conference last week, Governor Michelle Lynn Lujan was asked how she planned to address the financial uncertainty caused by…

WednesdayApr 29, 2020 4:20 pm

420 with CNW – Racial and Civil Rights Groups Urge Congress to Give Cannabis Companies Access to COVID Funds

The economic impact of the coronavirus pandemic will be felt for years to come. Early this year as parts of China shut down due to the outbreak, several industries ran into supply chain disruptions. However, as the virus spread and governments started taking more drastic measures to curb its spread, the impact was even more pronounced. Cannabis Industry Denied Access Most businesses are shut down and almost all commerce has ground to a halt. To help cushion small businesses and help them survive, the federal government deployed federal coronavirus relief funds through the Small Business Administration (SBA). One industry that…

WednesdayApr 29, 2020 1:01 pm

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Outlines Three Objectives for Coming Year, Reaffirms Strong Foundation as Cannabis Industry Leader

PLUS well-prepared to respond to current coronavirus crisis, says CEO Strengthening PLUS presence in the California market remains critical to becoming global cannabis brand When objectives are met, few companies will be better positioned to build global portfolio of cannabis brands Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) has identified three critical objectives to focus on in the coming year, according to a letter from PLUS co-founder and CEO Jake Heimark (http://cnw.fm/QVv51). The letter outlines those objectives and also discusses COVID-19 and the impact it is expected to have on the company. After observing that the company is “well-prepared to respond…

WednesdayApr 29, 2020 12:17 pm

Champignon Brands Inc.’s (CSE: SHRM) (OTC: SHRMF) (FWB: 496) New Committee Member Strengthens Compentencies

SHRM appoints former Red Bull Canada president to Special Advisory Committee New member’s background in heavily regulated industries coupled with experience in CPG space provides great complement Effective immediately, Champignon common shares being traded on OTCQB Venture Market Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a Canada-based company dedicated to applying novel and natural treatment protocols with an emphasis on psychedelic medicine, announced the appointment of Jim Bailey as a new member of its Special Advisory Committee. The appointment of Bailey, a former president of Red Bull Canada, is designed to strengthen SHRM’s pharmaceutical, nutraceutical and CPG marketing/distribution…

WednesdayApr 29, 2020 4:20 am

420 with CNW – New Jersey Voters Likely to Vote in Favor of Cannabis Legalization

Last December, New Jersey lawmakers approved a resolution that would put a referendum on legalizing marijuana on the state's 2020 ballot. A select group of lawmakers, advocates as well as Gov. Phil Murphy has been hoping to pass the marijuana legalization measure last year, but disagreements over the specifics of the bill made it impossible. With the decision to legalize marijuana to be put on a referendum, they were hoping voters would vote in favor of legalization. "We're optimistic that next November New Jersey voters will replace an eight-decade long policy disaster with a far more sensible approach to marijuana,"…

TuesdayApr 28, 2020 4:20 pm

420 with CNW – Marijuana Edibles Could Become More Popular After Coronavirus Outbreak

The coronavirus pandemic is like nothing we've ever experienced. The virus has quite literally ground the globe to a halt, with most businesses shut down and people stuck indoors. The chances of kicking it in the foreseeable future are quite slim, and experts say life may not go back to normal when we eventually do. Cannabis was lucky enough to be declared essential by most state governments that allow marijuana within their borders. Not only has this proved just how important the industry is to the millions of patients and the over 200,000 employees that rely on it, but it…

TuesdayApr 28, 2020 4:20 am

420 with CNW – How CBD May Treat Your Pains During the Lockdown

With the coronavirus sweeping through the world, most of us have been indoors for quite a while. And as experts have said, we might be stuck with the virus for the foreseeable future, so our time inside might drag on even longer. Bad as it sounds, it is the best way to completely eradicate the virus. However, humans aren't meant to be sedentary creatures. Chances are you're spending a large portion of the day seated in front of a computer screen. And I bet you're not paying attention to your posture. Doing that for extended periods of time will definitely…

MondayApr 27, 2020 4:20 pm

420 with CNW – Colorado Cannabis Company Donates Products Worth $1M in Memory of Charlotte Figi

Charlotte Figi, the girl who inspired a CBD movement and had a marijuana strain named after her recently passed away from coronavirus related complications. She suffered from Dravet syndrome, a rare and hard to treat form of childhood epilepsy. The condition left her overcome with horrific seizures, and she was finally able to find some relief from the Charlotte's Web marijuana strain. Her passing was announced on her mother, Paige Figi's, Facebook group by a family friend. Several members of her family had previously tested positive for the virus, and after a short stint in the hospital, the 13 year…

News and publishing service for cannabis related companies

Contact us: 512.354.7000

Month: April 2020