Chris@CNW, Author at CannabisNewsWire

FridayApr 24, 2020 12:13 pm

SinglePoint Inc. (SING) Subsidiary Direct Solar Benefits from Shift to Virtual Sales Channel

Residential solar product sales have been forced to shift toward digital channels, creating unexpected opportunity for cost savings Shift to digital sales will allow the industry to lower customer acquisition costs ahead of federal tax credits being phased out in 2022 SING subsidiary Direct Solar America is seeing increased virtual sales each week, has expanded its presence to nine more states Solar power and renewable energy sources have been lauded for being at the forefront of cutting-edge technology, enabling consumers to lower their costs while simultaneously reducing their carbon footprint. However, and despite its high-tech focus, residential solar energy technology…

FridayApr 24, 2020 4:20 am

420 with CNW – Zoom Inadequate for the Complexities of Marijuana Legalization, Says Gov. Cuomo

Legalizing marijuana this year had been one of New York Governor Andrew Cuomo's top priorities. For the second year in a row, he had included marijuana legalization in his budget proposal to state lawmakers. However, the coronavirus pandemic came along, and as New York quickly became the epicenter of America's outbreak, legislative priorities shifted. In the wake of the crisis, Governor Cuomo stated that it was unlikely state lawmakers would be able to effectively tackle the legalization issue in time. New York isn't the only state to experience this. Most drug legalization campaigns have been put on hold as people…

ThursdayApr 23, 2020 4:20 pm

420 with CNW – Marijuana Arrests Among Blacks in Illinois Seven Times Higher Than Whites, Research Finds

One of the most prominent arguments against the war on drugs, and marijuana specifically, has been the impact it has had on specific communities. And most states that eventually legalized marijuana have been using some of the tax revenue earned from cannabis sales to help remedy this. However, a new study by the American Civil Liberties Union (ACLU), which examined nationwide marijuana arrests between 2010 and 2018, shows just how badly some communities, like African Americans, were disproportionately affected. According to the study, although marijuana arrests have declined after Illinois decriminalized possession of small amounts of marijuana in 2016, prior…

ThursdayApr 23, 2020 12:40 pm

Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496) Announces Acquisition of Canada’s Only Approved Psychedelic Medicine Clinic

SHRM to acquire AltMed Capital Corp, a Canadian ketamine clinic operator, psychedelic medicine IP aggregator and novel drug discoverer Champignon to roll out five unique ketamine clinics across Florida, California and the U.S. Eastern seaboard CRTCE is only center worldwide to demonstrate rapid onset treatments improve health outcomes within weeks Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) (FWB: 496), a Canada-based company dedicated applying novel and natural treatment protocols with an emphasis on psychedelic medicine, has entered into a definitive agreement to acquire AltMed Capital Corp, a Canadian ketamine clinic operator, psychedelic medicine IP aggregator and novel drug discoverer (http://cnw.fm/e28Bh). The…

ThursdayApr 23, 2020 11:47 am

Sugarmade Inc.’s (SGMD) Shift Toward Virtualization of Cannabis Sector, On-Demand Economy Pays Off with Dramatic Increase in Volume

SGMD acquires significant stake in Sacramento-based Budcars Cannabis Delivery Service Sugarmade sees dramatic expansion in overall delivery volume; March deliveries top Februray volume by more than 300% Company’s strategy to capture healthy margins, nail down competitive advantage in market share looks to be right move A “new and bold shift in its business strategy” made earlier this year by Sugarmade Inc. (OTCQB: SGMD) appears to have paid off big time for the company. Committed to play in the Hemp and Cannabis space, SGMD announced (http://cnw.fm/5NxAD) that it was moving “toward the virtualization of the cannabis sector as part of the major…

ThursdayApr 23, 2020 4:20 am

420 with CNW – Marijuana Lovers Take 4/20 Celebrations Online

2020 would have been a historic year for marijuana lovers. 4/20 has always been the unofficial holiday for marijuana, and if you think about it, the entire month of April would have been 4/20. However, the Coronavirus pandemic has left the world in a health and economic crisis, and most companies and marijuana shops were forced to downgrade their 4/20 plans or scrap them entirely. However, thanks to the internet, not everything was lost. The web has already been a great help as people practice social distancing and self-isolation, and marijuana enthusiasts used it to celebrate 4/20. "Celebrating 4/20 means…

WednesdayApr 22, 2020 4:20 pm

420 with CNW – Marijuana Taxes Support Rural Pharmacies in Illinois During COVID-19 Crisis

The Coronavirus is turning out to be the cause of the biggest economic decline we've seen in a long time. On top of placing immense stress on the healthcare system, the virus has left all but the most essential businesses shut down. Millions of Americans have already lost their jobs, and experts say it may take a while to get the economy back on track. The state of Illinois has found a way to keep its rural pharmacies afloat during the crisis, and cannabis plays a big hand in it. Over time, the state has built up a rainy day…

WednesdayApr 22, 2020 1:31 pm

SinglePoint Inc. (SING) Reports Milestone Revenue Increase, Adapts to Tough Economic Times by Digitally Closing Direct Solar Deals

SING files full year and Q4 2019 financial report, showing 189% year-over-year sales spike, gross profit increase of 269% SING responds to crisis by utilizing digital platforms to efficiently market Direct Solar – eliminating training, canvassing costs SING markets its own Klēn brand of high-demand hand sanitizer In a recent MoneyTV interview, SinglePoint Inc. (OTCQB: SING) CEO Greg Lambrecht reported promising figures from the company’s full year and Q4 2019 financial results. A strong performance by subsidiary Direct Solar helped drive the company’s 189% sales increase to $3,343,833 for the year ended December 31, 2019, as compared to $1,154,671 in…

WednesdayApr 22, 2020 4:20 am

420 with CNW – Supreme Court Grants Mexico Legislature a Marijuana Legalization Deadline Extension

Aside from grinding most economies to a halt, the Coronavirus pandemic has severely impacted drug legalization campaigns all over the world. The scene in Mexico wasn't much different. Legislators had been working on marijuana legalization when efforts to curb the spread of the virus made it impossible for them to complete the bill by the original April 2020 deadline. However, the Mexican Supreme Court has granted a request to extend the deadline for marijuana legalization. This isn't the first roadblock the legalization bill has run into. It all started when a precedent-setting ruling by the Supreme Court in 2018 deemed…

TuesdayApr 21, 2020 4:20 pm

420 with CNW – 3 Key Reasons Why Medical Cannabis Stocks Are a Good Long-Term Bet

2020 hasn't been kind to the economy. Last month saw the biggest fall in U.S. stocks since 1987, and analysts insist that the country is almost certainly headed toward a recession. However, one industry that has been able to weather the storm is cannabis. With most industries shut as part of the coronavirus response, cannabis was lucky enough to be deemed essential. In fact, experts have stated that the sector may even be recession-proof. For investors looking for safer stock options, cannabis, especially medical marijuana, poses an attractive option. Here's why: Medical marijuana is essential, and cannabis dispensaries are still…

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Author: Chris@CNW