Chris@CNW, Author at CannabisNewsWire

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…

MondayJun 07, 2021 11:31 am

Golden Triangle Ventures Inc. (GTVH) Is ‘One to Watch’

Golden Triangle Ventures Inc. is a multifaceted consulting company pursuing ventures in the health, entertainment and technology industries Global Health Services, a wholly owned subsidiary of Golden Triangle, does business in the industrial hemp/CBD industry Lavish Entertainment, a wholly owned subsidiary of Golden Triangle, has helped organize some of the most exciting electronic dance music concerts in Las Vegas HyFrontier Technologies, a wholly owned subsidiary of Golden Triangle, owns HyGrO, a patent-pending molecular hydrogen and oxygen delivery system for the agriculture industry Napa Wine Brands, a wholly owned subsidiary of Golden Triangle, aims to provide a world-class portfolio of brands…

MondayJun 07, 2021 4:20 am

420 with CNW — Federal Report Says Youth Cannabis Use Stable Despite State-Level Legalization

Most opponents of cannabis reform had one argument against pro-cannabis legislation: passing state-level recreational cannabis bills would inevitably lead to increased use among the youth. They argued that marijuana was a gateway drug and that by making the controversial plant more accessible, states would see their youth use marijuana and other “hard drugs” at much higher rates. However, most studies have found the situation on the ground to be entirely different, with rates of youth use in states with recreational cannabis markets remaining the same and, in some cases, even going down. A recent federal report from the U.S. Department…

FridayJun 04, 2021 4:20 pm

420 with CNW — Legislation to Federally Legalize Cannabis Reintroduced in the House

Last week, a legislation to promote social equity in the cannabis industry and federally legalize cannabis was tabled in the House. The bill was filed with some amendments and was sponsored by Jerrold Nadler, chair of the Judiciary Committee. The legislation would establish a federal tax on cannabis with revenue generated being allocated to support various programs and community reinvestment, allow individuals with marijuana convictions to have their records expunged, and remove cannabis from the Controlled Substances Act. The Marijuana Opportunity, Reinvestment and Expungement Act (“MORE”), which didn’t advance in the Senate during the last legislative term, was approved in…

FridayJun 04, 2021 9:30 am

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Opens Direct-To-Consumer Amazon Store under Pure Mushrooms Brand

PULL subsidiary Pure Mushrooms Corp. opens direct-to-consumer e-Commerce store on Amazon platform Store features Reishi, Maitake formulations with plans to add Lion’s Mane in summer 2021 Global functional mushroom market valued at $25.4 billion in 2020, expected CAGR of 8.44% from 2021-2026 Company expands psychedelic vertical through letter of intent with Psyence Group to co-produce psychedelic mushroom-based psilocybin formulations 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 sector, recently announced that Pure Mushrooms Corp., its wholly owned subsidiary, has opened a direct-to-consumer, e-Commerce store…

FridayJun 04, 2021 4:20 am

420 with CNW — Smokable Medical Cannabis Bill Enacted into Law in Minnesota

Although more than 30 states have passed legislation allowing the use of marijuana for medical purposes, the language in each of these medical cannabis bills varies widely. But one provision that several of these states share is a ban against smokable medical marijuana, forcing qualified patients to use other forms of consumption such as oils and tinctures. In Minnesota, however, patients will soon be able to access smokable medical cannabis after the governor signed a large-scale bill that expanded the state's medical marijuana program. Among other things, this bill includes provisions that grant medical marijuana patients access to smokable products.…

ThursdayJun 03, 2021 4:20 pm

420 with CNW — Illinois Cannabis Equity Licensing Bill Passed by House

Last week, a bill to create new cannabis dispensary licenses in the state of Illinois was approved by the House. The bill, HB 1443, was sponsored by Rep. La Shawn Ford and will be used to address the shortcomings of the Cannabis Regulation and Tax Act of 2019, specifically the license lottery that has been delayed by legal disputes, controversy and the coronavirus pandemic, for more than a year. The measure would establish a pair of new cannabis dispensary lotteries, providing more than 50 licenses while addressing concerns about the initial 75 licenses cited in the 2019 legislation. The initiative…