January 2021 - Page 3 of 6 - CannabisNewsWire

WednesdayJan 20, 2021 4:20 pm

420 with CNW — Legislators in North Dakota Seek to Expand Cannabis Decriminalization Law

Legislators in North Dakota have introduced a measure to significantly expand cannabis decriminalization in the state. The bill, which was filed last week, would add onto an initial marijuana decriminalization law that was passed in 2019. Under the current law, possession of half an ounce or less of cannabis is a crime punishable with no jail time and a fine of up to $1,000. The new resolution would make the possession of up to an ounce of marijuana a noncriminal offense punishable by a $50 fine. Additionally, possession of more than an ounce of marijuana and less than 250 grams…

WednesdayJan 20, 2021 2:03 pm

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Commences Research into Psilocybin-Based Active Treatments

Pure Extracts commences study into psilocybin-based active treatments Study set to be carried out at Toronto Institute of Pharmaceutical Technology, supervised by Pure Extracts’ scientific advisor, Dr. Alexander MacGregor Study will delve into carrying out conformity testing, stability testing for psilocybin products thereby commencing the R&D that will ultimately take place at Pure Extracts’ purpose-built research space at its facility in British Columbia Functional mushroom, psychedelic drug market forecast to grow to value of $6.85 billion by 2027 Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company, recently announced that it had commenced a study into…

WednesdayJan 20, 2021 1:24 pm

The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Well Positioned for Post-COVID ‘Homebody Economy’

Consumers bracing for COVID's impact into 2022 with what is being dubbed "homebody economy" Pandemic has led to demand spikes, changes in consumer supply and buying patterns WTER has seen significant market share growth; ideally positioned to continue to expand A recent survey indicates that consumers in a post-pandemic environment are likely to be cautious in their buying habits, as many expect continued impact moving into 2020; survey respondents indicated an estimated 40% increase in intent to purchase online (https://cnw.fm/yrmni). (The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER) has an aggressive growth strategy that includes a direct-to-consumer, e-commerce platform— www.A88CBD.com —…

WednesdayJan 20, 2021 1:02 pm

CannAssist International Corp. (CNSC) Strengthens Position in Growing Sector with Exclusive Technology, Proprietary Line of CBD Products

Global cannabidiol market expected to increase almost sixfold by 2025 CNSC offers powerful line of CBD products under Xceptol brand CannAssist has forecast first-year sales of $5 million, with steady sales growth moving forward With industry experts predicting the stabilization of hemp prices and a more predictable market in 2021 (https://cnw.fm/7p6Dt), CannAssist International (OTCQB: CNSC) appears to be ideally situated in a sector forecast for remarkable growth. Owner of Xceptor Labs, CannAssist is a biotechnological pharmaceutical and wellness company that markets a powerful line of cannabidiol (“CBD”) products under the Xceptol brand. “The hemp market’s volatility appears to be coming to…

WednesdayJan 20, 2021 4:20 am

420 with CNW — Amsterdam Plans to Exclude Tourists from Cannabis Shops

For the longest time, Amsterdam has been known for its liberal attitudes towards drugs. Before the coronavirus pandemic broke out, the city attracted more than 1 million visitors a month, close to 200,000 more than its permanent population. Thanks to the introduction of cheaper flights, a lot of these people were young “budget tourists” whose sole intention was indulging in the marijuana sold in Amsterdam’s coffee shops. If Mayor Femke Halsema has her way, however, tourists will no longer be able to buy cannabis from the city's numerous coffee shops. Halsema, who is Amsterdam’s first woman mayor, has proposed a…

TuesdayJan 19, 2021 4:20 pm

420 with CNW — Four Books Every Marijuana History Enthusiast Should Read

Almost every state in the United States has legalized cannabis in some form, which further supports numerous scientific studies showing that cannabis possesses various medicinal benefits. However, the buzz around this medicinal and recreational plant may leave some with unanswered questions regarding the plant’s background and historical significance. Understanding more about the history of marijuana allows one to have a deeper understanding of some of the current topics in the marijuana world, such as why the healing potential of this plant has been suppressed intentionally or why marijuana is still illegal federally. Those who are keen on expanding their knowledge…

TuesdayJan 19, 2021 1:25 pm

MAZAKALI Celebrates Optimism Trend in Cannabis Markets, Anticipates Decade-defining Asset Class

Cannabis fintech marketplace innovator MAZAKALI is helping investors and issuers navigate the hurdles of an industry experiencing renewed vitality A supportive presidential administration along with continued state-level legalization is serving as a boon to cannabis market interests Professional sports leagues have become increasingly friendly to player use, reducing or eliminating cannabis-related drug testing protocols and punishments Market analysts forecast global revenues of $358.8 billion by 2027, an annual growth rate of 14.3% percent over 2020’s valuation. In the United States, the industry is growing at nearly twice that rate – boasting a projected annual growth of 27% over the next…

FridayJan 15, 2021 10:47 am

Gage Cannabis Co. Rapidly Expands Retail Footprint as Michigan Celebrates Legalized Recreational Marijuana’s One Year Anniversary

December 1, 2020 marked one-year anniversary since recreational marijuana use was approved for sale in Michigan Retailers have sold approximately $450 million worth of recreational marijuana products over the last year, with sales averaging $13 million per week in recent months Gage Cannabis has leveraged upon rising growth rate through rapid store expansion, which will see its store footprint grow by over 10 locations in 2021 Michigan’s governor recently signed legislation which will allow veterinarians to speak to pet owners about giving cannabis to their animals for therapeutic use On December 1, 2020, Michigan marked the one-year anniversary following the…

FridayJan 15, 2021 4:20 am

420 with CNW — Cannabis Companies Urge California Authorities to Prioritize Their Employees During COVID Vaccination

Close to a year after the coronavirus appeared in Wuhan, China, eventually wreaking untold havoc on the world at large, scientists have developed vaccines that can provide immunity against the virus. However, it won’t be until spring at the very least before the majority of the U.S. population is vaccinated to achieve herd immunity. People who are at greatest risk of exposure to the virus have been given first priority as the first round of vaccinations begins, and a coalition of cannabis companies is asking for their employees to be included in that round. When the pandemic broke out and…

ThursdayJan 14, 2021 4:20 pm

420 with CNW — Rhode Island Medical Cannabis License Applicants Await Lottery to See Who Will Run New Dispensaries

The state of Rhode Island plans to open up six new medical cannabis dispensaries, adding to the three dispensaries that already exist in Portsmouth, Warwick and Providence, which were launched in 2013 and 2014. In an effort to promote price competition and improve accessibility for patients, the new cannabis dispensaries will operate in six different locations around the state. The state’s administration has suggested that the six dispensary licenses be awarded through a lottery, in an attempt to keep political influence and favoritism out of the selection process. Twenty-eight businesses have filed applications for a chance to manage one of…

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Month: January 2021