Chris@CNW, Author at CannabisNewsWire

MondayMar 22, 2021 11:43 am

Pure Extracts Technologies Corp.’s (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Subsidiary Pure Mushrooms Corp. Submits Application to Health Canada for a Dealer’s License

Pure Extracts Technologies Corp.’s subsidiary Pure Mushrooms Corp. has submitted an application to Health Canada for a Dealer’s License Award of a Dealer’s License will enable company to procure controlled substances, conduct research, carry out business-to-business sales Pure Extracts has recently commenced a study into psilocybin-based active treatments, with research set to be carried out under auspices of Toronto Institute of Pharmaceutical Technology Functional mushroom, psychedelic drug market is forecast to grow to value of $6.85 billion by 2027 Pure Extracts Technologies (CSE: PULL) (XFRA: A2QJAJ) (XFRA: A2QJAJ), a plant-based extraction company focused on the cannabis, hemp, functional mushrooms and…

MondayMar 22, 2021 4:20 am

420 with CNW — Wyoming House Committee Passes Republican-Sponsored Cannabis Legalization Bill

Last week, a Wyoming House committee passed a legislation to legalize cannabis and discussed another proposal that would require that state agencies research and issue recommendations on allowing medical marijuana.The adult-use legalization bill’s lead sponsor is the chair of the Judiciary Committee. The legislation would allow individuals aged 21 and above to buy and possess up to 3 cannabis ounces and grow up to 12 mature cannabis plants for personal use. The proposal, which was co-sponsored by other top Republican legislators and the House speaker, got a 6-3 vote after receiving testimonies from the public and state agencies, which included…

FridayMar 19, 2021 4:20 pm

420 with CNW — Study Says Marijuana Legalization Has No Adverse Effects on Outcomes of Army Recruits

Although the country has seen a wave of cannabis reform sweep through its states for the past few years, not everyone is a fan of legal weed. Opponents have claimed that legalizing cannabis would increase drug abuse among the youth and lead to a boost in criminal activity. However, most studies have found that not to be the case, with legal cannabis markets helping people deal with issues such as chronic pain, creating thousands of job opportunities and providing states with millions of dollars in tax revenue. A new study has found that cannabis use in legal markets has not…

FridayMar 19, 2021 4:25 am

420 with CNW — Legal Marijuana Deal Close as NY Lawmakers Discuss Impaired Driving

The legislature in New York State is close to finalizing an agreement on a draft law aimed at legalizing marijuana in the state, according to Andrea Stewart-Cousins, Majority Leader of the state senate. Stewart-Cousins revealed that a consensus, followed by a floor vote, was imminent once the lawmakers agree on the way safety and traffic stops will be handled when marijuana is legalized for recreational adult-use. The current disagreement has to do with how people driving under the influence should be treated. Some say impaired driving should be regarded as a normal traffic infraction while others insist it should be…

ThursdayMar 18, 2021 4:20 pm

420 with CNW — Vermont Legislators Introduce Bill to Decriminalize Drugs

Legislators in Vermont have introduced legislation that would put an end to criminal penalties on small amounts of illegal drugs. The bill, which was introduced last week, states that the dispensation and possession of small drug amounts would be subject to a referral to a substance-use health and screening service or a fine of up to $50 dollars. The legislation, dubbed H. 422, is sponsored by Reps. Logan Nicoll, Selene Colburn and 12 other legislators. Supporters state that the measure offers a public health approach to overdose deaths and drug use disorders. In an email to a news outlet, Nicoll…

ThursdayMar 18, 2021 10:50 am

Pac Roots Cannabis Corp.’s (CSE: PACR) (OTCQB: PACRF) Acquisition of Lords of Grasstown Provides Competitive Advantage in Rapidly Growing Cannabis Market

Global cannabis market projected to reach $90.4 billion by 2026 with a CAGR of 28% PACR recently acquired iconic Lords of Grasstown brand that blends cannabis and motorcycle culture PACR uses genetics-based approach to cultivation, catalog includes 350 tested cultivars and 50 super-elite strains Company recently acquired 250 acres in Fraser Valley B.C. in process of completing 20,000 square foot cultivation facility The global cannabis market is projected to reach $90.4 billion by 2026 with a CAGR of 28% over the forecast period (https://cnw.fm/YLooO), and branding is expected to play a critical role in success as more players enter the market. Pac…

ThursdayMar 18, 2021 4:20 am

420 with CNW — Could Cannabis Legalization in Mexico Force a Federal Policy Change in Washington?

Mexico may soon become the biggest legal cannabis market in the world after the country’s Chamber of Deputies approved a legislation last week that would legalize recreational sales of cannabis. The Senate is expected to support the legislation in the days to come. Mexico president Andrés Manuel López Obrador from the MORENA party strongly supports the bill. The president is expected to sign the legislation in the coming days. Many speculate that this move may pressure President Joe Biden to federally legalize the plant in the United States as well since the country will be sandwiched between the two largest…

WednesdayMar 17, 2021 4:20 pm

420 with CNW — US Firms Gear Up to Enter Legal Mexican Marijuana Market

The wave of cannabis reform sweeping across the world has finally reached Mexico, and some American cannabis operators are already seeing gold. Canada, several states in the United States and some European countries have already legalized cannabis in various forms, and for most legal cannabis markets, cannabis has proven to be an insanely lucrative product. Not only are stakeholders reaping big rewards, but local governments are also receiving millions of dollars in tax revenue from the industry. Last week, the Chamber of Deputies allowed the sale of cannabis products as well as the possession of small amounts of cannabis. Additionally,…

WednesdayMar 17, 2021 3:13 pm

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Takes Milestone Step Toward Offering Product Across Canada

PULL subsidiary has submitted application to Health Canada to amend license to permit sales of product The submission follows recent announcement that Pure Extracts inked distribution agreement with an important Canadian Licensed Producer (“LP”) PULL plans on distributing exclusive vape, edible products to retail buyers across Canada As a result of the its recently inked distribution agreement with an important Canadian LP, Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) through its wholly owned subsidiary, Pure Extracts Manufacturing Corp., will be selling its exclusive, high-quality cannabis extract products to provincially authorized distributors and retailers throughout Canada by the end of April.…

WednesdayMar 17, 2021 1:45 pm

Green Hygienics Holdings Inc. (GRYN) Continues to Strengthen Brand Portfolio through Acquisition of Primordia

GRYN closes acquisition of assets of leading hemp supply cultivation and company Primordia “We are at the forefront of a growing, dynamic new sector within the biotech industry,” says CEO Green Hygienics focused on building strong portfolio in industry expected to reach $15.26 billion by 2027 Green Hygienics Holdings (OTCQB: GRYN) has been working for months to reach an objective — a goal that the company accomplished with the recent announcement that it had closed on the acquisition of certain assets of Primordia (https://cnw.fm/pOKr5). This strategic move brings GRYN a significant step closer to its goal of building a portfolio of e-commerce…

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Author: Chris@CNW