August 2020 - CannabisNewsWire

MondayAug 31, 2020 4:20 pm

420 with CNW – Federal Report Shows Legalization Hasn’t Increased Youth Marijuana Use

A report from the CDC shows that cannabis consumption among teens has decreased during the years after states legalized recreational marijuana use. According to the biannual Youth Risk Behavior Survey that was released on Friday, cannabis consumption increased between 2009 and 2013 then declined between 2013 and 2019. The data thus supports the case from backers that asserted that the creation of a regulated cannabis market would not influence youth consumption as prohibitionists had previously warned. The survey also found that the rate of marijuana use recorded no change among teens and high school students between 2009 and 2019 despite…

MondayAug 31, 2020 11:37 am

Sugarmade’s BudCars Anticipates Record-Breaking July Numbers, Continues Three Primary Areas of Growth

SGMD, BudCars cannabis delivery service set to break sales, profits, customer orders records BudCars demonstrating “accelerating growth,’ represents significant period-over-period upside potential Company remains on track to reach $11 million benchmark for annualized sales by the close of calendar Q3 With August wrapping up, Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, expects the month-end numbers for BudCars Cannabis Delivery Service to set multiple performance records for sales, gross profits and total customer orders (http://cnw.fm/HWyS6). “[The] BudCars Sacramento hub continues to demonstrate accelerating growth that suggests we still haven’t really found…

MondayAug 31, 2020 11:09 am

Pure Extract Technologies Inc. Ideally Positioned to Become Leader in White Label Market

Company’s Standard Processing License pending approval from Health Canada After licensing approval, Pure Extracts will be launching white label production as part of core services Pure Extracts facility designed to produce high-quality, high-purity formulations on a commercial scale Pure Extract Technologies, a Canadian plant-based extraction company operating in the functional medicinal mushrooms space, is preparing to become a leading contender in the white labeling space. The Company’s Standard Processing License is currently pending approval from Health Canada; upon approval the Company will be launching white label production as part of its core services. As an expert in the extraction field,…

MondayAug 31, 2020 4:20 am

420 with CNW – Pennsylvania Governor Seeks Recreational Marijuana Legalization Amid Pandemic

The governor of Pennsylvania, Thomas Westerman Wolf, has urged the legislature to legalize recreational cannabis in order to assist individuals and businesses who have been badly affected by the COVID-19 pandemic. In a press conference that addressed the coronavirus recovery, he requested for the legalization of recreational cannabis and for the profits to be directed into grants funding small businesses. A news release from the governor’s office stated that 50% of the funds would be set aside for businesses that have been at a disadvantage in the previous years. In addition to asking the General Assembly to pass a law…

FridayAug 28, 2020 4:20 pm

420 with CNW – Medical Marijuana: A Remedy for Chronic Pain

If you struggle with chronic pain, then medical marijuana might just be what you need. As compared to prescription medications for pain, medical marijuana is a much safer option with significantly lower risks. Below are ways in which medical marijuana can aid in easing your pain. Helps with Migraines Approximately, 12% of the American population suffers from migraines regularly, taking into account both adults and children. Migraines as compared to headaches are extremely painful and more intense. The use of medical marijuana as a treatment option for migraines was established by researchers in 2016. The Pharmacotherapy journal published its research…

FridayAug 28, 2020 4:20 am

420 with CNW – CBD Oil: A Natural Remedy for Anxiety and Depression

For most people, therapy and or medication helps to cope with anxiety and depression while some prefer meditation and yoga or both methods. Of late however, treatments for depression and anxiety have been moving towards more natural remedies, particularly CBD oil. Cannabidiol or CBD is a cannabinoid that exists in the cannabis sativa plant. The cannabinoid is extracted from the plant and refined using various processes, resulting in the cannabidiol. The compound can be purchased in form of CBD gummies if you’d prefer flavor or in a liquid state. Despite research on the use of CBD oil in treatment of…

ThursdayAug 27, 2020 4:20 pm

420 with CNW – Cannabis Legalization to Proceed in Mexican Congress

Mexico’s president, Andrés Manuel López Obrador, has stated that the legalization of marijuana will proceed through Congress once it reassembles next month. When asked about a meeting he had with a senator who was pushing for marijuana reform legislation during a press conference last Wednesday, he highlighted the boundaries when it came to the balance and division of powers between the legislative and executive branches of the government. In addition to this, he also stated that the marijuana proposal had existed for quite a while. He also admitted that the legislature was taking action following a Supreme Court order to…

ThursdayAug 27, 2020 10:29 am

Sugarmade (SGMD) Q3 Numbers Forecast to Hit $11 Million, Thanks to Investment in Cannabis Delivery Service

Company predicts BudCars will reach $650,000 monthly sales milestone; Q3 2020 numbers to top $11 million CEO expects extremely robust growth in July, August; new records across many metrics BudCars has seen steady improvement in almost every major metric Sugarmade Inc. (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, has announced that it expects BudCars Cannabis Delivery Service to hit a $650,000 sales milestone in July (http://cnw.fm/g8Jg8). The company also predicts its Q3 2020 sales numbers will top $11 million. “We believe we have enough visibility and enough data in hand to forecast…

ThursdayAug 27, 2020 4:20 am

420 with CNW – Cannabis Sales in California Rise Significantly as Lockdown Measures Remain in Place

During the last quarter, California raked in $208.4 million in tax revenue from cannabis. In comparison, this figure was slightly higher when compared with revenue from the first quarter of the year, the CDTFA reported last Wednesday. Despite many industries declining in output or failing, the cannabis market seems to be operating at even greater efficiency, as the report from California shows. The $208.4 million did not factor in tax revenue that was collected by each jurisdiction. In the first quarter of 2020, tax returns were $205.9 million, this is including the $26.9 million in cultivation tax, $107.4 million in…

WednesdayAug 26, 2020 4:20 pm

420 with CNW – Sports Fans & Cannabis Use

According to a poll conducted by Morning Consult which was released on Friday, a great deal of fans of the UFC, racing and e-sports are likely to use CBD or marijuana while fans who watch baseball, golf and football are least likely to use marijuana or CBD. The poll which involved 1269 U.S. participants looks into cannabis consumption and how common it is between self-identified sports fans from 14 groups. From the poll, 35 % of e-sports fans admitted they ingest or smoke marijuana sometimes or often while 29% stated that they used CBD goods. In comparison, 20% of Major…