May 2020 - Page 2 of 6 - CannabisNewsWire

ThursdayMay 21, 2020 4:20 pm

420 with CNW – Oregon Breaks Yet Another Monthly Marijuana Sales Record

The economic impacts of the coronavirus crisis will undoubtedly be felt for years. With more than 30 million Americans newly unemployed and all but the most essential businesses shut down in the meantime, most industries are in a downturn. One sector that was spared and almost seems to be thriving during the crisis is the cannabis sector. For years, one of the main arguments for legalizing marijuana has been the tax revenue states stand to earn from sales. With the coronavirus pandemic tearing across the country and most public coffers stretched thin, such revenue would be a godsend. Oregon, for…

ThursdayMay 21, 2020 12:16 pm

Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Expands into US Through Acquisition of Leading Ketamine Center

SHRM announces recent acquisition of California-based Ketamine Wellness Clinic of Orange County Inc. CEO calls acquisition major milestone as company accelerates vision of establishing sizable footprint of integrated ketamine clinics Center is recognized leader in ketamine infusion therapy, research and complementary treatment protocols With the announcement of its recent acquisition of the Ketamine Wellness Clinic of Orange County Inc., Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) is taking steps to expand into the United States (http://cnw.fm/Co2aK). The wellness clinic owns and operates a state-of-the-art ketamine infusion treatment center located within the Mission Hospital’s Laguna Beach campus. “We are thrilled…

ThursdayMay 21, 2020 4:20 am

420 with CNW – Louisiana Assembly OKs Medical Marijuana for Debilitating Conditions

On Friday, the Louisiana House of Representatives overwhelmingly approved bills that would significantly expand the state’s medical cannabis program. Residents suffering from debilitating conditions, especially those who cannot access medical marijuana, will now be happy to know that the medical marijuana program will have its list of qualifying conditions expanded to fit a wider range of ailments. Dispensaries will also be allowed to deliver marijuana products directly to the patients’ homes. Both bills were sponsored by Rep. Larry Bagley, with his medical condition expansion bill passed 76-15 and the delivery bill was approved 80-15. This comes a week after a…

WednesdayMay 20, 2020 4:20 pm

420 with CNW – Cannabis Could Prevent Coronavirus Infection, Canadian Study Finds

A little over four months after the coronavirus was first identified in Wuhan, China, the virus has infected over 4.5 million people worldwide and left at least 300,000 dead, and the hunt for a cure and ultimately a vaccine is raging on. However, due to insufficient data on the novel coronavirus and its penchant towards mutation, scientists are basically shooting in the dark and hoping for a favorable outcome. There have been rumors of numerous cures for the virus, from the anti-malaria drug hydrochxychloroquine, herbal cures and coronavirus oils to cannabis, all of which have been dismissed. However, based on…

WednesdayMay 20, 2020 12:57 pm

Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Announces Appointment of New CEO, Board Member

SHRM appoints top depression researcher as new chief executive officer McIntyre established Canada’s first-ever center to provide rapid-onset treatments for individuals with mood disorders Champignon also announces appointment of new board member 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 appointed one of the world’s top researchers on depression as its new chief executive officer (http://cnw.fm/wB5zy). In his new role, Dr. Roger McIntyre brings impressive experience in the ketamine and psychedelic medicine space, a key focus area for Champignon. “My overarching aim as…

WednesdayMay 20, 2020 4:20 am

420 with CNW – California Governor Delays Implementation of Proposed Marijuana Regulatory Changes

Although most states designated the cannabis industry as essential and allowed businesses to keep operating despite the lockdown, the industry as a whole has suffered a variety of setbacks due to the coronavirus pandemic. A number of campaigns to legalize marijuana have been put on hold all over the country due to social distancing measures. In California, lawmakers have been forced to postpone systemic reforms to the California regulatory agencies that oversee the state’s marijuana industry. When he announced his annual budget plan earlier this year, California Governor Gavin Newsom revealed that he wanted to; merge the trio of regulatory…

TuesdayMay 19, 2020 4:20 pm

420 with CNW – Congress Passes Coronavirus Bill With Marijuana Banking Provisions

Although government-issued coronavirus-related measures were designed to curb the spread of the virus, they had an unintended consequence, economic downturn. With all but the most essential businesses ordered to close during lock-downs, the economy was in a free fall. More than 20 million Americans have lost their jobs since the start of March, and the government ended up deploying a massive $2 trillion coronavirus relief bill to help people and small businesses weather the storm. However, due to ongoing federal prohibition, businesses in the state-legal marijuana industry were denied access to these relief funds. Federal prohibition has made banking institutions…

TuesdayMay 19, 2020 12:33 pm

How COVID-19 Has Drastically Changed U.S Cannabis Smoking Pattern

The coronavirus pandemic started in Wuhan, China last December 2019. It happened so fast that we barely even realized we’re already 5 months in lockdown. The impact of coronavirus has a way of affecting not just the economy but our personality as well. Behavioral science and the history of previous global pandemics even suggest that COVID-19 will transform our perception in life forever. To understand the impact deeper, AmericanMarijuana.org conducted a survey involving 1,017 American cannabis consumers asking how COVID-19 changed their weed-smoking habits and how their families and friends feel about their habit these days. Does Smoking Make Weed-Smokers…

TuesdayMay 19, 2020 11:47 am

SinglePoint Inc.’s (SING) New Initiatives in Hemp, Sanitization Driving Q2 Sales Growth

SING enters joint venture with Box BioScience to fulfill existing hand sanitizer sales contracts Company leveraging growing popularity of 1606 Hemp cigarettes with increased distribution to new stores 1606 Hemp sales grew 133% this quarter and 233% in the current monthly period compared to last month SinglePoint Inc. (OTCQB: SING), a diversified holdings company with operations in several high-performing market sectors, is back on track for growth in 2020 with plans to expand the launch of 1606 Hemp cigarettes with a new counter top display, along with distributing Simplex hand sanitizer in a joint venture with BOX BioScience. While many…

TuesdayMay 19, 2020 4:20 am

420 with CNW – Study Shows Marijuana Legalization Boosts Hotel Bookings

For a very long time, advocates for legalizing marijuana have outlined the revenue states stand to gain from legalization. Indeed, states like Colorado have brought in massive revenues through cannabis sales in the recent past. Furthermore, results from a new study show that legal cannabis has a positive effect on the tourism and hospitality industry. Dubbed (Pot)Heads in Beds: The Effect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington, the study was published online and appears in the latest issue of Regional Policy and Analysis. It states that Colorado had a considerable increase in room rentals soon after…