December 2020 - Page 6 of 6 - CannabisNewsWire

WednesdayDec 02, 2020 4:20 pm

420 with CNW — Congressional Researchers Say Upcoming Vote on Marijuana Legalization Could Reverse Policy Gap

This week, the U.S. House of Representatives will vote on a historic bill that would federally de-schedule cannabis. Sponsored by Judiciary Committee Chairman Jerrold Nadler, the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act would remove cannabis from Schedule I of the Controlled Substances Act, expunge the criminal records of people with prior marijuana convictions and impose a 5% sales tax on the substance; that tax revenue will be reinvested into the communities most significantly impacted by the “war on drugs.” Not only will the bill decriminalize cannabis, but it could very well reverse the policy gap that currently exists between…

WednesdayDec 02, 2020 11:30 am

Gage Cannabis Co. Strengthening Presence in Exploding Michigan Market

State recreational marijuana market on track to top $1 billion Michigan could be fastest-growing recreational market per capita outside of California Gage’s current portfolio features 19 Class C cultivation licenses across four cultivation assets, three processing licenses In only one year, Michigan’s new recreational marijuana market is projected to reach — and exceed — $1 billion, second only to California (https://cnw.fm/ewISo). That is good news for Gage Cannabis, a leading vertically integrated operator in the cannabis industry focused exclusively on the Michigan market. "It really is just explosive growth in Michigan," said Sloane Barbour, the chief revenue officer of cannabis industry…

WednesdayDec 02, 2020 10:00 am

Pure Extracts Technologies Corp. (CSE: PULL) Issues Corporate Update Detailing Operations, Product Strategy and Market Conditions

Pure Extracts is a plant-based extraction company located in British Columbia, Canada that focuses on cannabis, hemp, functional mushrooms Pure Extracts’ “Pure Pulls” and “Pure Mushrooms’” branded products expected to be available by end of Q1 2021 Global cannabis extract market size expected to reach USD$28.5 billion by 2027 with CAGR of 16.6%; global functional mushrooms market expected to reach USD$34.3 billion by 2024 with CAGR of 8% Pure Extracts Technologies (CSE: PULL), a plant-based extraction company focused on cannabis, hemp and functional mushrooms, recently released a corporate update for shareholders and interested investors that provides current information on the…

WednesdayDec 02, 2020 4:20 am

420 with CNW — Massachusetts Reaches $1-Billion Milestone in Marijuana Sales

Despite the life-changing events of 2020, the U.S. cannabis industry has remained relatively stable. When the coronavirus pandemic broke out, several industries essentially shut down while others limped on with ever-dwindling revenues, resulting in the worst financial crisis the United States has seen since the Great Depression. One of the few industries deemed “essential,” the relatively young marijuana industry continued operating in spite of the lockdown orders and consistently broke sales records month over month. Cannabis sales in Massachusetts have officially surpassed $1 billion since the recreational cannabis market was launched two years ago on Nov. 20, 2018, says the…

TuesdayDec 01, 2020 4:20 pm

420 with CNW — North Macedonia Could Be Joining the Legalize-Cannabis Bandwagon

Prime Minister Zoran Zaev of North Macedonia stated recently that the government is deliberating about whether to allow the recreational use of cannabis in places frequented by tourists, such as Ohrid, the biggest city on Lake Ohrid, as well as in hospitality places and cafes in the country's capital, Skopje. If the decision is agreed upon, this will make North Macedonia the first country among the Balkans to authorize the recreational use of cannabis. The government plans to use Amsterdam as its model, with plans of implementing strict rules to govern the sector. In an interview with Deutsche Welle, the…

TuesdayDec 01, 2020 4:20 am

420 with CNW — Why You Should Incorporate CBD in Your Fitness Program

We all know that exercising is good for your body and your health. While it isn’t a must for you to go to the gym in order to keep fit, working out is important. Having a fitness goal may make it easier for you to stick to your regimen, but even then you may find yourself needing a little extra encouragement to help you keep pushing. Many people prefer natural supplements for the job as they alleviate pain while also promoting energy levels. Did you know that you can also use CBD to help reduce muscle pain and keep you…