April 2020 - Page 2 of 7 - CannabisNewsWire

MondayApr 27, 2020 12:49 pm

Top 5 Cannabis Stocks to Watch in 2020

When you think of the stock market, the last thing you probably think of is cannabis and marijuana. However, you would be mistaken to discount this booming industry, the marijuana industry is expected to triple in the next five years. As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies. But as in any nascent industry, there are also loads of risks and bad actors. Whether you're a first-time investor or a seasoned veteran, it pays to understand all of the moving parts. This guide will get you…

MondayApr 27, 2020 12:26 pm

Sugarmade Inc. (SGMD) Capitalizes on Growth Opportunities in Regulated Cannabis Market

California’s cannabis-industry designation as essential service leads to sharp increase in industry sales SGMD enjoyed strong start to year; delivery business’ volume grows by more than 300% Company seeking to leverage growth opportunities in delivery services As businesses shuttered and residents sheltered in place, confined to their homes as a result of the COVID-19 worldwide pandemic, the State of California designated the cannabis industry as an “essential” service, allowing those in the cannabis space to continue operating. Sugarmade Inc. (OTCQB: SGMD), an early pioneer within California’s regulated cannabis industry, has been quick to respond to the opportunity. The designation as…

MondayApr 27, 2020 4:20 am

420 with CNW – Poll Finds That Most Americans Regard Cannabis Legalization Policies as Successful

Perception has arguably been one of marijuana's biggest foes. Ever since it was prohibited decades ago, there has been a negative perception to it. Federally, cannabis is still classified as a controlled substance, and that has also shaped its image in the eyes of the public. However, in the recent years, the plant has become more accepted, culminating in a number of states launching medical and recreational cannabis programs to great success. A recent poll by YouGov found that a large majority of the American public believes that recreational cannabis legalization has been a success. YouGov surveyed more than 27,000…

FridayApr 24, 2020 4:20 pm

420 with CNW – Lebanon Legalizes Medical Cannabis Amid Coronavirus Economic Hardships

One of the most compelling reasons for the legalization of marijuana has been to earn tax revenue from sales. Arguably the most used drug, it is subject to constant demand, and governments can tap into this wealth of resources. States such as Colorado with thriving marijuana programs have pulled in close to $1 billion from legal marijuana sales. And with the coronavirus sweeping through the world and wreaking havoc on the global economy, some experts have said legalizing marijuana could be a good way to kickstart the economy. Lebanon, it seems, has taken this advice to heart. This week, the…

FridayApr 24, 2020 12:13 pm

SinglePoint Inc. (SING) Subsidiary Direct Solar Benefits from Shift to Virtual Sales Channel

Residential solar product sales have been forced to shift toward digital channels, creating unexpected opportunity for cost savings Shift to digital sales will allow the industry to lower customer acquisition costs ahead of federal tax credits being phased out in 2022 SING subsidiary Direct Solar America is seeing increased virtual sales each week, has expanded its presence to nine more states Solar power and renewable energy sources have been lauded for being at the forefront of cutting-edge technology, enabling consumers to lower their costs while simultaneously reducing their carbon footprint. However, and despite its high-tech focus, residential solar energy technology…

FridayApr 24, 2020 4:20 am

420 with CNW – Zoom Inadequate for the Complexities of Marijuana Legalization, Says Gov. Cuomo

Legalizing marijuana this year had been one of New York Governor Andrew Cuomo's top priorities. For the second year in a row, he had included marijuana legalization in his budget proposal to state lawmakers. However, the coronavirus pandemic came along, and as New York quickly became the epicenter of America's outbreak, legislative priorities shifted. In the wake of the crisis, Governor Cuomo stated that it was unlikely state lawmakers would be able to effectively tackle the legalization issue in time. New York isn't the only state to experience this. Most drug legalization campaigns have been put on hold as people…

ThursdayApr 23, 2020 4:20 pm

420 with CNW – Marijuana Arrests Among Blacks in Illinois Seven Times Higher Than Whites, Research Finds

One of the most prominent arguments against the war on drugs, and marijuana specifically, has been the impact it has had on specific communities. And most states that eventually legalized marijuana have been using some of the tax revenue earned from cannabis sales to help remedy this. However, a new study by the American Civil Liberties Union (ACLU), which examined nationwide marijuana arrests between 2010 and 2018, shows just how badly some communities, like African Americans, were disproportionately affected. According to the study, although marijuana arrests have declined after Illinois decriminalized possession of small amounts of marijuana in 2016, prior…

ThursdayApr 23, 2020 12:40 pm

Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Announces Acquisition of Canada’s Only Approved Psychedelic Medicine Clinic

SHRM to acquire AltMed Capital Corp, a Canadian ketamine clinic operator, psychedelic medicine IP aggregator and novel drug discoverer Champignon to roll out five unique ketamine clinics across Florida, California and the U.S. Eastern seaboard CRTCE is only center worldwide to demonstrate rapid onset treatments improve health outcomes within weeks Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a Canada-based company dedicated applying novel and natural treatment protocols with an emphasis on psychedelic medicine, has entered into a definitive agreement to acquire AltMed Capital Corp, a Canadian ketamine clinic operator, psychedelic medicine IP aggregator and novel drug discoverer (http://cnw.fm/e28Bh). The…

ThursdayApr 23, 2020 11:47 am

Sugarmade Inc.’s (SGMD) Shift Toward Virtualization of Cannabis Sector, On-Demand Economy Pays Off with Dramatic Increase in Volume

SGMD acquires significant stake in Sacramento-based Budcars Cannabis Delivery Service Sugarmade sees dramatic expansion in overall delivery volume; March deliveries top Februray volume by more than 300% Company’s strategy to capture healthy margins, nail down competitive advantage in market share looks to be right move A “new and bold shift in its business strategy” made earlier this year by Sugarmade Inc. (OTCQB: SGMD) appears to have paid off big time for the company. Committed to play in the Hemp and Cannabis space, SGMD announced (http://cnw.fm/5NxAD) that it was moving “toward the virtualization of the cannabis sector as part of the major…

ThursdayApr 23, 2020 4:20 am

420 with CNW – Marijuana Lovers Take 4/20 Celebrations Online

2020 would have been a historic year for marijuana lovers. 4/20 has always been the unofficial holiday for marijuana, and if you think about it, the entire month of April would have been 4/20. However, the Coronavirus pandemic has left the world in a health and economic crisis, and most companies and marijuana shops were forced to downgrade their 4/20 plans or scrap them entirely. However, thanks to the internet, not everything was lost. The web has already been a great help as people practice social distancing and self-isolation, and marijuana enthusiasts used it to celebrate 4/20. "Celebrating 4/20 means…

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Month: April 2020