June 2021 - Page 2 of 9 - CannabisNewsWire

MondayJun 28, 2021 4:20 pm

420 with CNW — California Earmarks $100M to Support Licensed Cannabis Firms During Pandemic

For many states with legal cannabis markets, one of the objectives of legalizing the controversial drug was to cripple the illicit cannabis market by taking away its clientele. While that sounds like a great idea in theory, most of these states have been unable to do any real damage to the illegal market so far. Not only do black market sellers tend to price their cannabis cheaply, but they don't have to jump through a wide variety of hoops to start selling, and this ensures the black market has an unending supply of affordable cannabis. California, for instance, legalized marijuana…

MondayJun 28, 2021 1:55 pm

Chalice Brands Ltd. (CSE: CHAL) (OTCQB: CHALF) Expands Position in Oregon Cannabis Market Showing 150% Sales Growth

Oregon recreational marijuana companies are experiencing the best market conditions in years Chalice’s acquisition of Homegrown dispensaries expands company’s retail stores in Oregon from 7 to 12 CEO says company has ability to significantly increase vertical margin revenue Business is booming for cannabis companies in Oregon, with a recent Oregon Liquor Control Commission (“OLCC”) study reporting that cannabis production has increased 78% since 2019, while the amount of cannabis sold has skyrocketed by 150% (https://cnw.fm/diFeI). That is welcome news to Chalice Brands (CSE: CHAL) (OTCQB: CHALF), as the company recently announced an acquisition that brought a chain of five Oregon-based…

MondayJun 28, 2021 12:54 pm

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Ready as Ottawa Review of Federal Cannabis Act Approaches

Canadian lawmakers are scheduled to assemble during Q4 to assess past, current, future state of legal cannabis market Pac Roots Cannabis has quietly positioned itself as an integrated producer of premium cannabis and hemp Pac Roots is generating revenue through a hemp JV, has access to exclusive cultivars, is completing a production facility, has an agreement for more land and recently bought an established cannabis lifestyle brand The Canadian government has taken a measured approach to legalization of marijuana, but now nearly three years in, advocates will be looking at meaningful progress with regards to regulations to support the industry…

MondayJun 28, 2021 4:20 am

420 with CNW — Marijuana Could Fuel Novel Food Culture

For decades, plants within the Cannabis Sativa family have been associated with marijuana and its infamous “high.” Even as the state-legal cannabis industry becomes larger and more lucrative, THC (delta-9 tetrahydrocannabinol), the compound responsible for marijuana's intoxication, has taken center stage. However, cannabis and hemp are extremely versatile and have a wide variety of applications ranging from textiles and construction to health and wellness. Cannabis is undoubtedly one of the fastest-growing industries in the country, with Ben Larson, CEO of Oakland, California-based firm Vertosa calling it the most exciting growth opportunity since the advent of the internet. Vertosa is a…

FridayJun 25, 2021 4:20 pm

420 with CNW — Why Each Strain of Marijuana Is Actually a Hybrid

You’ve probably heard of people referring to marijuana as either indica or sativa, but do you know what the terms actually mean? Contrary to popular opinion, sativa and indica are botany terms that describe the observable physical traits of a marijuana plant and not the effects they induce. If you were to trace any strain of marijuana back to its original genetics, you’d end up with landrace strains, which are basically marijuana strains whose genetics stabilized and evolved in their natural environments in different parts of the world. Examples of such strains include Thailand’s Chocolate Thai, Mexico’s Acapulco Gold and…

FridayJun 25, 2021 2:20 pm

RYAH Group Inc. (CSE: RYAH) Cannabis Clinical Trials Improve Due to Dose-Measuring Devices

Cannabis is a chemically variable plant making its clinical trials problematic, before the creation of dose-measuring devices RYAH Smart inhalers being used in one of the largest clinical studies of its kind focused on chronic pain Restrictive funding and legislative barriers regarding cannabis are rapidly dissipating Regulating dose size in cannabis clinical trials has proven problematic from one test subject to another because cannabis is a chemically variable plant. RYAH Group (CSE: RYAH), a health care analytics and technology company, has created IoT dose-measuring devices backed by powerful data analytics, allowing for more control for variables within a clinical setting. …

FridayJun 25, 2021 11:02 am

Chalice Brands (CSE: CHAL) (OTCQB: CHALF) Article Shares Insight into Cannabis as a Heat-Relief Option

Magazine article plugs cooling-off benefits of cannabis. Science actually points to different physiological mechanisms that allow cannabis to help lower body temperatures. The cannabis cooling article is only one of several offerings in the summer issue of the Chalice magazine. With record heat engulfing the West for the past couple of weeks and temperatures topping 100 degrees in California, Oregon, Arizona, Nevada and Utah (https://cnw.fm/qX2lf), people are searching for relief. Chalice Brands (CSE: CHAL) (OTCQB: CHALF) has an answer: Beat the heat this summer with temperature-fighting cannabis. According to a Chalice magazine article, titled “Cannabis Is Really Cool,” there is good…

FridayJun 25, 2021 9:00 am

Grapefruit USA Inc. (GPFT) Provides Status Update on Joint Venture, Possible Acquisition

Earlier this year, Grapefruit was approached by a Canadian cannabis company about a potential acquisition. A series of events have delayed the process. Final decisions, details should be discussed in the next 30–60 days. Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed, California-based cannabis company, is providing clarification regarding its previously announced potential acquisition transaction by a Canadian cannabis company (https://cnw.fm/2xIyE). Earlier this year, Grapefruit announced that it had been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction (https://cnw.fm/OBDib). At the time, Grapefruit CEO Bradley J. Yourist noted that "Grapefruit is not surprised…

FridayJun 25, 2021 4:20 am

420 with CNW — Senators Urge Banking Committee Chair to Call Vote on SAFE Banking Act

The state-legal cannabis industry in America has come a long way despite being just a decade or so old. It has employed hundreds of thousands of individuals, generated billions of dollars in revenue, and filled state coffers with millions of dollars in tax revenue. Cannabis is still considered a Schedule I controlled substance at the federal level, however, and this classification has consistently been a thorn in the sector's side. Fearing reprisals from the federal government, banking institutions refuse to work with state-legal cannabis businesses, forcing them to operate on a cash-only basis, among other things. The Secure and Fair…

ThursdayJun 24, 2021 4:20 pm

420 with CNW — Oregon Marijuana Tax Collection Shatters Annual Record with Two Months to Spare

Marijuana tax collections in the state of Oregon have hit a new fiscal year record, having collected $15 million in April this year, which brings the total to about $146 million. Last year, the state of Oregon collected a total of roughly $133 million in taxes. At the start of the pandemic, marijuana sales in Oregon increased by 52% in the April to June period, in comparison with the April to June 2019 sales. In the two quarters that followed, increases of roughly 38% were also observed. Economists in the state acknowledged that at the start of this year, sales…

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Month: June 2021