October 2020 - Page 2 of 7 - CannabisNewsWire

MondayOct 26, 2020 10:18 am

Medicinal Mushrooms Booming, Pure Extract Technologies Inc. First-Mover Strategy Catalyzing Growth

Research indicates that functional and medicinal mushrooms offer range of physical and mental benefits Pure Extracts’ milestone-based strategy catalyzing Company growth Strategy includes license procurement, production, marketing of in-house and white label products Mainstream science is now catching up with what traditional medicine has known for years — that functional and medicinal mushrooms can help treat disease, improve mental cognition and fire up digestion. Pure Extract Technologies Inc., a soon-to-be public, plant-based Canadian extraction company, is on track to position itself as an industry leader through a strategy based on three growth-focused milestones that include the application to Health Canada…

MondayOct 26, 2020 4:20 am

420 with CNW — Long Lines Characterize Opening Day of Missouri’s Medical Cannabis Dispensaries

Last weekend, the first licensed cannabis dispensaries set up shop in St. Louis, Missouri, and were received with long queues. The two dispensaries, which are managed by N’Bliss, launched on Saturday in Manchester and Ellisville. The company is expected to open another dispensary on Monday in the Kansas City area. These openings come nearly two years after Missouri voters approved a constitutional amendment that would allow the sale of medical cannabis. Under state guidelines, people need approval from a doctor as well as a state medical cannabis card in order to to purchase the drug. The forecast predicts that initially,…

FridayOct 23, 2020 4:20 pm

420 with CNW – Marijuana Could Alleviate OCD Symptoms, New Research Suggests

As cannabis becomes more mainstream, news about its medical capabilities are almost a daily occurrence. While the hype surrounding the controversial plant has definitely outpaced the science, preliminary findings have been encouraging. Plenty of people have used cannabis to manage everything from chronic pain and inflammation to stress and anxiety. According to new research, cannabis may be able to alleviate symptoms of Obsessive-Compulsive Disorder (OCD) as well. OCD is a mental illness that causes repeated unwanted thoughts or fears that lead to compulsive behaviors. According to the new study published in the “Journal of Affective Disorders,” inhaling cannabis may yield…

FridayOct 23, 2020 2:02 pm

Fast-Growing Michigan Market Next in Line for Gage Cannabis Co., IPO Planned for 2021

Gage expanding in Michigan, one of fastest-growing legal cannabis markets in United States Adult-use cannabis revenues in Michigan projected at $1 billion per year for 2021, surpassing $1.5 billion by 2023 Gage currently operates 5 dispensaries, planning to open and operate 8-10 by the end of 2020, with 20+ expected to open by the end of 2021 YTD revenue estimated at $30+ million, 157% increase from January to September 2020 Gage planning Canadian listing for Q1 2021 Bruce Linton, a pioneer of the global cannabis industry and current executive chairman of Gage Cannabis Co., has set his sights on Michigan…

FridayOct 23, 2020 1:32 pm

Pure Extract Technologies Inc.’s Three-Pillar Business Model Points Company Toward Success

‘Harvard Business Review’ cites importance of a good business model, specifies key questions it should answer. Pure Extracts’ business model founded on three pillars: extraction services, formulation & white-labeling, and development of its in-house ‘Pure Pulls’ branded cannabis and functional mushroom products. Company’s business model is multi-faceted, comprehensive and allows for future growth. A strong business model is essential to every successful organization, whether it’s a new venture or an established player, touts a “Harvard Business Review” article titled “Why Business Models Matter.” Pure Extracts Technologies Corp., a plant-based extraction company with a new vertical in functional mushrooms, recognizes the…

FridayOct 23, 2020 4:20 am

420 with CNW – Top Cuomo Advisor Says New York Will Legalize Cannabis by April 2021

New York Gov. Andrew Cuomo’s top cannabis advisor says that marijuana legalization legislation will be introduced again through the state budget in January 2021. The objective of this will be to enact reform by April 2021. The advisor also previewed the state regulations for CBD products derived from hemp, including food items and infused drinks. In an interview with David Culver from Canopy Growth Corp, Axel Bernabe, assistant counsel to the governor, discussed how the effort to legalize cannabis in surrounding states only emphasized the need for reform in New York. He stated that the legislation the governor plans to…

ThursdayOct 22, 2020 4:20 pm

420 with CNW – Missouri Opens State’s First Medical Cannabis Dispensaries and Launches Sales

Last Saturday, medical cannabis dispensaries in Missouri made their first legal sales to qualified patients and caregivers. This comes less than two years after voters from Missouri approved a ballot measure to legalize medical cannabis. N’Bliss Cannabis put up shop and opened doors in Manchester and Ellisville, two different St. Louis County locations. The director of the Missouri Department of Health and Senior Services, Dr. Randall Williams, stated in a press release that Missouri patients had always been the state’s north star as they worked towards implementing the state’s medical cannabis program. He added that they greatly appreciated how hard everyone…

ThursdayOct 22, 2020 4:20 am

420 with CNW – COVID19 a Boost as Recreational Cannabis Turns Two in Canada

Two years after recreational cannabis sales became legal in Canada, the industry is flourishing. Amidst the coronavirus pandemic, the Great White North’s legal marijuana industry is celebrating increased sales, more brick and mortar stores, and competitive pricing. Although the industry has struggled to compete with the black market ever since Canada legalized recreational cannabis in October 2018, it has recently been gaining ground. According to David Soberman, a professor of marketing at the University of Toronto, this can be attributed to the coronavirus pandemic. “It’s been a boon for the legal industry,” he says. July, for instance, saw a 15%…

WednesdayOct 21, 2020 4:20 pm

420 with CNW – Can CBD And Nicotine Mix?

In the past, cannabis has gotten more than its fair share of bad press. However, research done has made us aware of the fact that cannabis compounds, like THC and CBD can be used to help manage addictive behaviors. Cannabis is now considered to be an exit drug as opposed to its former “gateway drug” title. Observational studies have also discovered that cannabis can be used as a substitute for nicotine and alcohol as it is considered safe. This is unlike tobacco, which kills about 6 million people every year and leads to massive economic losses. The World Health Organization…

WednesdayOct 21, 2020 4:20 am

420 with CNW – More Menopausal Women Are Using Cannabis to Ease Symptoms

These days, cannabis is used to alleviate everything from insomnia and chronic pain to stress and anxiety. Although experts concede that the hype around the controversial plant has far surpassed the science, preliminary results and anecdotal accounts have found cannabis to be an effective natural medicine. Over the years, an increasing number of older women have begun using cannabis to treat menopause symptoms. One in four women are turning to cannabis to relieve the symptoms of menopause, a new study has found. This is more than the number of women who use traditional types of menopause symptom management such as…