March 2021 - CannabisNewsWire

WednesdayMar 31, 2021 4:20 pm

420 with CNW — Top Mexican Legislator Reveals Senate Will Soon Pass Bill to Legalize Marijuana

Last week, a senator in the Mexican Senate revealed that the upper chamber is preparing to pass a legislation to legalize cannabis as amended by the Chamber of Deputies this March. Sen. Eduardo Ramírez Aguilar, who is a member of the ruling MORENA Party, explained that it was important to pass laws in the terms presented to the senate given the deadline they had been issued by the Supreme Court to enact changes in policy by April 30. He added that legislators could consider further revisions to marijuana laws after the preliminary bill had been enacted. During a press conference,…

WednesdayMar 31, 2021 1:29 pm

Khiron Life Sciences Corp. (TSX.V: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC) Poised to Be a Global Medical Cannabis Frontrunner

Khiron Life Sciences (TSX.V: KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC) (“Khiron” or the “Company”) is a vertically integrated cannabis leader with core operations in Latin America and Europe. The company trusts in the vast benefits of medical cannabis and is committed to improving the life quality of patients and consumers through the applied use of cannabis and technology. Khiron is licensed in Colombia for the cultivation, production, domestic distribution, and international export of both low and high THC medical cannabis products, having achieved first sales in March 2020 and medical cannabis insurance coverage in December 2020. Additionally, the Company has commenced…

WednesdayMar 31, 2021 10:28 am

Hero Technologies Inc. (HENC) Is ‘One to Watch’

Rapidly positioning itself as a multi-state operator, Hero Technologies Inc. holds a portfolio of subsidiaries with strategic operations within the cannabis industry The company currently has a multi-state vertical business model that includes cannabis genetic engineering, farmland for medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, retail operations and dispensaries Hero Technologies plans to expand on the proprietary, solar-powered aeroponic cannabis cultivation system of BlackBox Systems and Technologies, as it could help lower the industry’s carbon footprint The company’s management team is comprised of financial industry veterans who have a combined history of mergers, acquisitions and overall…

WednesdayMar 31, 2021 4:20 am

420 with CNW — Medical Cannabis Caregivers in Maine Express Concerns about Proposed Rule Changes

Maine was a pioneer in the medical cannabis space, legalizing marijuana for medical use more than two decades ago. Now, the state is looking to introduce a slew of changes to its medical cannabis program, changes that have been widely opposed by medical cannabis caregivers. Currently, Maine has registered an estimated 3,000 caregivers, and state regulations currently allow caregivers to grow and sell medical cannabis to registered medical marijuana patients. The 80-page proposal that was introduced by the state would force these caregivers as well as other medical cannabis operators to electronically track their medical marijuana across the supply chain…

TuesdayMar 30, 2021 4:20 pm

420 with CNW — Why the Alcohol Industry Is Investing in Cannabis

Over the last couple of years, the stance on marijuana in the United States has shifted, which can be observed by the number of states that have decriminalized and/or legalized the medical and recreational use of marijuana. According to BDS Analytics, marijuana sales in the United States are expected to be $16.2 billion this year, with marijuana beverage sales making up $1 billion of that amount. According to the National Cannabis Industry Association, only three states in the country lack some form of legal marijuana; those states are Nebraska, Kansas and Idaho. During the November 2020 elections, Arizona and New…

TuesdayMar 30, 2021 4:20 am

420 with CNW — Illinois City Uses Marijuana Taxes to Offer Reparations

The African American community has been through a great deal over the past few centuries. After being plucked from their homes in Africa, the first enslaved Africans hit America’s shores around 400 years ago, starting a long period of absolute misery for African Americans. Even after slavery was abolished, Blacks had to fight to end institutionalized racism and racial segregation in the country. Although the Civil Rights Movement achieved a great deal, Blacks soon had to contend with extreme policing and sentencing due to the war on drugs, poverty, gang violence and the crack epidemic through the ’80s and ’90s.…

MondayMar 29, 2021 4:20 pm

420 with CNW — Cannabis Banking Bill Reintroduced in Senate with 27 Co-Sponsors

A legislation that protects banks that service legal cannabis businesses from being penalized by federal regulators has been retabled in the Senate. The bill has 27 co-sponsors and comes just days after the Secure and Fair Enforcement (“SAFE”) Banking Act was filed once again in the House. The Banking Act was approved with bipartisan support as part of two coronavirus relief bills and also as an independent bill in 2019. The Senate version of the legislation is being sponsored by Sens. Steve Daines and Jeff Merkley, in addition to twenty-seven other co-sponsors. Over in the House, the bill has more…

MondayMar 29, 2021 12:30 pm

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Commences Trade on the Frankfurt Stock Exchange

Pac Roots Cannabis recently revealed it had commenced trading on the Frankfurt Stock Exchange under symbol “4XM” German listing will add on to company’s existing listings on U.S. OTC market, Canadian Securities Exchange Pac Roots’ geographically diverse capital markets presence will allow it to cater to broader, more diverse investor audience Europe’s legal cannabis market expected to swell to market value of $37.1 billion by 2027 Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a Canada-based cannabis company dedicated towards producing premium-quality strains and products by leveraging a genetics-focused approach, announced that as of March 18, 2021, the company…

MondayMar 29, 2021 11:57 am

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Orders First Functional Mushroom Shipment for Global E-Commerce Portal

PULL expands into EU through initial sale of cannabis oil extracts to German pharmaceutical company Sale to Germany expected to pave way for additional supply agreements throughout Europe Company orders first shipment of functional mushroom products for direct-to-consumer e-commerce portal, expects $15,000 gross monthly sales for each formulation PULL’s new state-of-the-art facility constructed to EU GMP standards for worldwide exports With a focus on the cannabis, hemp, functional mushrooms and rapidly emerging psychedelic sectors, Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a Canadian plant-based extraction company, is steadily increasing its market share through the achievement of several important…

MondayMar 29, 2021 4:20 am

420 with CNW — Colorado House Passes Bill Increasing Marijuana Possession Limit

The state of Colorado established an adult-use cannabis market in 2014, becoming the second state to do so. Despite this, the state’s program is still evolving, with its governor recently signing a bill that would establish a social equity fund for the marijuana industry, and the state assembly approving a bill to increase the cannabis possession limit. Last week, Gov. Jared Polis visited a cannabis dispensary in Denver to sign an initiative that would create a program in the Office of Economic Development and International Trade in the state, whose role would be to support marijuana businesses owned by individuals…