May 2020 - Page 5 of 6 - CannabisNewsWire

ThursdayMay 07, 2020 4:20 am

420 with CNW – THC-A: A Superior Neuroprotectant and Anti-Inflammatory Cannabinoid?

The past few years have been instrumental for cannabis. It has seen a slew of positive legislative changes and more states are willing to look at it objectively, especially in regard to its potential medical benefits. Although the science to back this up is scarce, we now know without a doubt that cannabis produces chemicals called cannabinoids, and they are responsible for its therapeutic abilities. The two most common ones are THC and CBD. THC is the main active component in marijuana and it is responsible for cannabis's infamous 'high.' CBD, on the other hand, carries most of marijuana's medical…

WednesdayMay 06, 2020 4:20 pm

420 with CNW – Increased Hand Washing Boosts CBD Market

With the coronavirus tearing through the world, most of us are doing our best to avoid being infected. According to medical professionals, the best way to do this is to practice self-isolation and social distancing coupled with thorough and frequent hand washing with soap and water or an alcohol-based sanitizer. While this has been found to help flatten the curve, the increased hand washing is resulting in dry, itchy, and irritated hands. According to Shari Marcbein, a brand certified dermatologist and clinical assistant professor of dermatology at NYU School of Medicine, the excessive hand washing strips the skin of healthy…

WednesdayMay 06, 2020 1:27 pm

SinglePoint Inc.’s (SING) Switch to Virtual Sales Process Encourages Continued Direct Solar Residential Installation Sales

SING switches to virtual sales model, grows solar business from 13 to 25 states Company to launch website allowing consumers to buy complete solar installations online SING expanding solar footprint into commercial sales through awareness campaigns and financial partnerships In an effort to keep up with continuing consumer demand for solar energy solutions, SinglePoint Inc. (OTCQB: SING), a diversified holdings company, recently shifted to a virtual sales process for Direct Solar, one of its subsidiaries. Besides almost doubling the company’s footprint to 25 states, management expects the strategic move will further streamline the business and spur additional growth as demand…

WednesdayMay 06, 2020 12:26 pm

Pressure BioSciences Inc. (PBIO) and Cannaworx Inc. Announce Merger Targeting Markets with Massive Cumulative Value

The merged company will target the international cosmetics market (projected to reach $758 billion by 2025), agricultural technology and products ($729 billion by 2023), the biopharmaceuticals market ($389 billion by 2024) and the hemp-derived CBD market ($23.7 billion by 2023) Cannaworx has a diverse portfolio and plans to launch several products in 2020, including two with a pain indication allowed under an FDA OTC monograph Cannaworx’s sativa oil skincare serum sold $250K in 10 minutes on QVC in December 2019 Merger will give Cannaworx access to Pressure BioSciences’ proprietary method for processing oil-based products into high quality nanoemulsions (Ultra shear Technology), which…

WednesdayMay 06, 2020 4:20 am

420 with CNW – How to Read Marijuana Product Labels

Despite its immense popularity, the cannabis industry is still new and relatively unregulated. While federal law classifies cannabis as a controlled substance, over 30 states have legalized cannabis in various capacities. This patchwork legislation makes it difficult for agencies like the U.S. Food and Drug Administration (FDA) to fully regulate the industry. There are always bad players in such situations. In marijuana's case, it is companies making unsubstantiated medical claims on their products or delivering contaminated products. That's why it is crucial you check product labels before making any purchases. Companies are legally required to send their product to a…

TuesdayMay 05, 2020 4:20 pm

420 with CNW – Coronavirus Outbreak Causes Illinois to Delay Issuing 75 Cannabis Dispensary Licenses

The state of Illinois has announced that it will delay awarding 75 licenses for new marijuana dispensaries due to the coronavirus crisis. It joins the number of states who have had marijuana initiatives, from legalization to licensing, disrupted by the outbreak. On Wednesday last week, the Illinois Department of Financial and Professional Regulation, which regulates dispensaries, announced that it will not award the 75 licenses until Governor J.B. Pritzker's disaster proclamations end or the state decides on another date. The governor is expected to sign a new order extending the state's disaster proclamation through May 30. Although recreational marijuana sales…

TuesdayMay 05, 2020 11:37 am

Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Chosen as Headline Partner for Psychedelics Symposium

Established as an industry leader in psychedelics, chosen as headline partner for PSYCH Importance of mental health has been brought to the forefront during COVID-19 pandemic Changing public opinion of psychedelics for medicinal purposes with help of psychedelic events such as PSYCH Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a research-driven company specializing in the formulation and distribution of a suite of artisanal mushroom health supplements, will be the headline partner for Prohibition Partners LIVE’s PSYCH: The Psychedelics Symposium (PSYCH) (http://cnw.fm/Bg9s5). Slated for June 22-23, 2020, this Prohibition Partners LIVE event brings together health care, science and business leaders…

TuesdayMay 05, 2020 4:20 am

420 with CNW – Medical Cannabis Telehealth Approved During Coronavirus Pandemic

With the coronavirus outbreak ravaging most continents, we've been forced to find ways to keep crucial services running. The internet has played an integral role, especially in regard to meetings, learning, and shopping. One other crucial contribution has been telehealth. Most doctors prefer face to face visits but that has been made impossible by the current services. Telehealth is a good alternative, providing patients with the healthcare they need with zero risk. And since insurers and the federal government started covering virtual visits, states have begun allowing medical marijuana to be prescribed virtually. The medical cannabis industry provides employment to…

MondayMay 04, 2020 4:20 pm

420 with CNW – Released Memo Sheds Light on DEA’s Reluctance to License Additional Marijuana Producers

For more than four decades, the only entity allowed by the Drug Enforcement Administration (DEA) to produce marijuana for research has been the National Center for Natural Products Research at the University of Mississippi under a contract with the National Institute on Drug Abuse. Proponents for research into marijuana's medical abilities have long decried this monopoly, stating that it held back research. It seems that the Justice Department's Office of Legal Counsel (OLC) concurs after a newly released 2018 memo stated that this arrangement has always been illegal. According to the memo, an international treaty requires tighter controls on the…

MondayMay 04, 2020 4:20 am

420 with CNW – US Virgin Islands Governor Tweaks Cannabis Legalization Bill to Boost Tax Income

The coronavirus crisis has dealt the world such a massive economic blow that it will take years for it to recover. Millions of people are already out of a job, and experts say that half of the global workforce, 1.6 billion people, are in danger of losing their livelihoods. Understandably, governments are scrambling to find ways to boost their economies. For some, this has led to talks of legalizing marijuana. One of the biggest arguments for legalizing marijuana has been to earn tax revenue, with states like Colorado that have thriving legal cannabis programs earning big bucks. Governor Albert Bryan…