June 2021 - Page 7 of 9 - CannabisNewsWire

WednesdayJun 09, 2021 4:20 pm

420 with CNW — Demand for Cannabis Beverages Seems Poised to Explode

A report released by Headset in March stated that advancements in marijuana infusion technology and the introduction of new brands into the market would boost cannabis beverage sales. The marijuana analytics firm noted that since the start of last year, cannabis beverage purchases had grown rapidly in Canada, making up roughly 4% of overall purchases. At the moment, the cannabis beverage market is filled with numerous SME craft companies. Many large-scale manufacturers of alcoholic manufacturers are keen to enter the market, with most of them working to develop new products. For instance, Heineken recently introduced to the market Hi-Fi Hops…

WednesdayJun 09, 2021 9:00 am

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Inks White Label Agreement as Strategic Planning Pays Off

White label agreement with FLO Brands outlines launch of cannabis vape product line PULL beginning to execute strategy to get white label products into provincial dispensaries, drive up to $3 million of annual revenue Nikolaevsky reports that “white labeling has also begun to build momentum and gain sales traction for us” Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic industry, announced that it has finalized a white label agreement to launch a line of cannabis vape products (https://cnw.fm/crHWm). The agreement was made between Pure…

WednesdayJun 09, 2021 4:20 am

420 with CNW — Nevada Legislature Sends Cannabis Consumption Lounge Bill to Governor

Cannabis reform advocates in Nevada may soon be treated with good news after the state legislature sent a bill that would legalize cannabis consumption lounges to the governor's desk. Sponsored by Speaker Pro Tempore Steve Yeager, the legislation would create two new cannabis licensing categories, one for retail cannabis consumption lounges and the other for independent cannabis consumption lounges. The bill advanced through a state assembly committee in early April and was passed by the Nevada Assembly in late May before heading to the Senate for final approval. Last week, the Senate overwhelmingly passed the bill in a 17–3 vote…

TuesdayJun 08, 2021 4:20 pm

420 with CNW — Projections Show Oregon’s Cannabis Market May Grow Stronger

Despite the effect of the coronavirus pandemic on various industries, the cannabis industry in Oregon has persisted, with forecasts showing that cannabis sales will continue to increase. An economic forecast report released by analysts with the Office of Economic Analysis in the state’s Department of Administrative Service stated that while cannabis sales in the winter aligned with forecasts, sales in the recent months had grown. The report notes that it isn’t clear whether the cannabis sales data shows increased spending power from stimulus checks that were sent out in March or a growth in demand for marijuana products. It does…

TuesdayJun 08, 2021 3:18 pm

Inaugural World Psychedelics Day – June 20th (6·20)

World Psychedelics Day (WPD), launches Sunday, June 20th, 2021, celebrating a new era of rational and informed perspectives on modern day psychedelics and traditional psychoactive plant medicines. This annual event honours the breakthroughs in scientific and therapeutic psychedelic research and traditional Indigenous practices that have culminated in the current “Psychedelic Renaissance”. Despite wide-reaching clinical applications, stigma and legal barriers still surround the use of psychedelics and psychoactive plant medicines. This year’s virtual event, produced by the Psychedelics Awareness Foundation*, a Canadian non-profit organization of artists, journalists, university students, parents and business people, seeks to redress this by teaming up with…

TuesdayJun 08, 2021 9:00 am

RYAH Group Inc. (CSE: RYAH) Rising Above Canada’s Medical Cannabis Growing Pains

The number of federally registered Canadians is down, but the number of users is not A large percentage of Canadians are managing their treatment without the help or oversite of a healthcare professional Retailers and product suppliers also benefit from RYAH’s suite of dose-control products, generating recurring revenue streams and strengthening their product offerings RYAH Group (CSE: RYAH), a health care analytics and technology company, has developed and uses dose-measuring IoT devices to collect HIPPA-compliant data to improve future medical treatments. The Company is working with doctors, government, and university research centers to reduce the variations in their treatment plans…

TuesdayJun 08, 2021 4:20 am

420 with CNW — Study Finds That CBD May Improve Overall Wellness

A few months ago, results of a preliminary study on the effect of CBD on the liver were released by Validcare. The company then released a separate report on the use of CBD among Americans, which was carried out in collaboration with Cannabis Business Experts (“CBE”), a marketing research firm. The results of the preliminary study demonstrated no evidence of liver toxicity among users of cannabidiol, or CBD. Additionally, most of those who participated in the study recorded increased perceptions of overall wellness with the use of cannabidiol in the study with CBE. More than one thousand users of CBD…

MondayJun 07, 2021 4:20 pm

420 with CNW — Four Predictions for Niche Cannabis Products in 2021

The state-legal cannabis industry has had a fantastic run over the past decade. More than 30 states have passed either recreational or medical cannabis legislation so far, and the sector has created thousands of new jobs and brought in billions of dollars in revenue. As several states consider passing cannabis legislation this year and lawmakers mull over federally decriminalizing cannabis, the industry is poised to grow even more. Niche cannabis products especially are a space that is going to explode as the industry becomes older and more mature. The following are four trends that may gain more steam as the…

MondayJun 07, 2021 1:43 pm

American Cannabis Partners Is ‘One to Watch’

American Cannabis Partners (“ACP”) is a multi-state operating cannabis company headquartered in Trinity County of Northern California’s Emerald Triangle ACP supplies multiple forms of raw product at wholesale prices for manufacturing, distribution and retail licensees The company’s wholly owned in-house brand, ZÜK, is available through ACP’s retail location in Michigan, as well as select California suppliers Michigan cannabis industry sales reached $984.7 million in 2020, according to data from the Michigan Marijuana Regulatory Agency, with recreational sales making up more than half of the total California cannabis industry sales hit $4.4 billion in 2020, marking a year-over-year increase of 57%,…

MondayJun 07, 2021 12:50 pm

Pac Roots Cannabis Corp.’s (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Lords of Grasstown Partnership Fuses Cannabis and Motorcycle Culture to Grow Loyal Customer Base

PACR synergizes first-in-class cannabis cultivation with branding power through Lords of Grasstown acquisition Grasstown brand inspired by Pacific Northwest motorcycle culture, features high-quality street apparel, cannabis-based lifestyle products Partnership with plant breeding firm Phenome One gives PACR access to world’s most exclusive cannabis plants from Canada’s most comprehensive genetics library of over 350 cultivars Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a Canada-based cannabis company, leverages a genetics-focused approach to cultivation that produces the highest-quality strains available on the global market. With its recent acquisition of the iconic Lords of Grasstown (Grasstown) brand (https://cnw.fm/gnIuN), the company leverages the…