Chris@CNW, Author at CannabisNewsWire

TuesdayJan 07, 2020 12:44 pm

Will the NBA and NFL Follow MLB in Updating Cannabis Policies?

Major League Baseball (MLB) recently got on the right side of history when the league announced that it will be removing cannabis from its list of banned substances and will treat cannabis like alcohol. The new policy will become effective starting in 2020 during the league’s spring training. MLB’s cannabis policy change marks a significant shift in professional sports, and given the prominent role that professional sports plays in society, it is a really big deal. Currently, professional baseball players are bound by a very harsh cannabis policy that results in severe penalties for failed drug tests (a 50 ng/mL…

TuesdayJan 07, 2020 4:20 am

420 with CNW – Kansas Governor Expresses Her Support for Marijuana Legalization

On Thursday, the Governor of Kansas, Laura Kelly, said that if the state lawmakers sent a bill seeking to legalize marijuana to her desk, there is a possibility that she would sign it into law. Speaking about the legislative priorities for 2020 in several interviews, Gov. Kelly said that the lawmakers should legalize medical marijuana as it would help Kansas families whose children are suffering from serious ailments. Medical marijuana would also help in fighting the opioid crisis by reducing the use of prescription pain medication. Although Gov. Kelly said that she is not in favor of legalizing adult-use marijuana,…

MondayJan 06, 2020 4:20 pm

420 with CNW – Illinois Residents Buy Recreational Marijuana Worth $3.2 Million on the First Day of Legal Sales

On Thursday, it was announced that the first day of legal adult-use marijuana sales in Illinois attracted more than 77,000 transactions, which generated approximately $3.2 million in sales. One of the transactions was made by the second-most powerful official in the state, Lieutenant Governor, Juliana Straton, who bought edible gummies. Stratton said that she was there to celebrate the big day in Illinois. According to Toi Hutchinson, the sale of legal recreational marijuana took effect on New Year’s Day, and the state-licensed dispensaries made 77,128 transactions. Hutchinson is the senior advisor to Governor J.B. Pritzker on marijuana control. The retail…

MondayJan 06, 2020 12:22 pm

ChineseInvestors.com Inc. (CIIX) Prioritizing Profit for 2020, Increasing Margin Sales, Cutting Costs

CIIX CEO speaks to attaining profitability in 2020 as company grows revenue Subsidiary CBD Biotech and CBD cosmetics instrumental in driving CIIX’s growth CIIX leadership focusing on cost cutting, maintaining profitability, and increased revenue with high margin product sales ChineseInvestors.com Inc. (OTCQB: CIIX) CEO Warren Wang spoke optimistically about his company’s growth potential in a recent MoneyTV interview with host Donald Baillargeon. Wang said the company would focus in 2020 on building more revenue from high margin products and cutting costs to achieve profitability. He also emphasized the important role subsidiary CBD Biotech and CBD-infused cosmetics products would play in…

MondayJan 06, 2020 12:00 pm

SinglePoint Inc. (SING) Credits Solar, Hemp, New Distribution Agreements for Surging Revenue, Strong 2020 Outlook

SING reports 176% revenue growth for Q3 2019 – largest ever for the company Explosive growth of 2019 forecast to continue into 2020 Company distributing, debuting new line of JTI USA’s PrimeTime Little Cigars at 2019 MJBIZCON Show Singlepoint Inc. (OTCQB: SING), which specializes in acquisitions of small to mid-sized companies with an emphasis in new technologies, is celebrating results from an impressive Q3 resulting from multiple strategic ventures. The recent acquisition of Direct Solar, product launches of PURE hemp products and distribution agreements within the hemp industry are providing investors opportunity across a wide range of assets. During an interview…

MondayJan 06, 2020 4:20 am

420 with CNW – 4 Things to Expect in the California Marijuana Market in 2020

California is the largest marijuana market in the U.S., so it is worthwhile to look forward and see what is in the works for this state’s cannabis industry in the new year. Here are some of the major things that could pan out in 2020. Courts Hear Marijuana Delivery Lawsuits When Prop 64 was approved by California voters, local authorities were given the liberty to decide whether to accept or reject marijuana businesses within their jurisdictions. That promise was put to the test and a row over how much control municipalities and cities have over the marijuana industry came to…

FridayJan 03, 2020 4:20 pm

420 with CNW – Alabama Legislative Panel Recommends the Legalization of Medical Marijuana

When a state Senate bill to legalize medical marijuana in Alabama was met with stiff resistance in the state Assembly, a compromise was reached to create a panel to study the matter further and recommend a way forward for the state. That legislative panel voted last week to proceed with legalization in a move that has been lauded by marijuana advocates. The Medical Cannabis Study Commission is made up of 18 members and 12 of them voted in favor of medical marijuana legalization. Three abstained and the other three members voted against legalization. The report of the panel indicates that…

FridayJan 03, 2020 11:51 am

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) Wraps Up Productive Year in Cannabinoid Refining Operation

HTC Extraction Systems specializes in ethanol and ethanol-based solvent extraction and product reclamation, which it is using in processes designed to build its position in the booming cannabinoid market Cannabidiol (CBD) has proven to be the most readily available and profitable cannabinoid for use in the non-pharmaceutical wellness industry, growing 342 percent in year-over-year sales between August 2018 and August 2019 HTC is establishing biomass receipt, refining and retail operations in Canada and the United States (California) to take advantage of is technical experience and the consumer demand for cannabinoid products HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) is approaching…

FridayJan 03, 2020 4:20 am

420 with CNW – 6 States That Could Vote on Marijuana Ballot Measures in 2020

A wave of marijuana legalization has been sweeping across the U.S., and its genesis can be traced to Colorado and Washington approving marijuana legalization initiatives way back in 2012. In each biennial election that followed, additional states followed through with their own marijuana legalization initiatives, and experts believe 2020 will be a landmark year for marijuana. Marijuana advocates believe there are currently 26 states where voters might have to vote on marijuana initiatives, either for full-scale recreational legalization, legalization of medical cannabis or decriminalization. Let's look at 6 states that might table marijuana legalization ballot initiatives in 2020. In 2020,…

ThursdayJan 02, 2020 4:20 pm

420 with CNW – Top Italian Court Rules That Growing a Few Marijuana Plants at Home is Legal

Italians have joined the club of countries that allow their residents to grow and use a limited amount of marijuana at home as long as it's for personal use. The country's highest court in Rome made the landmark decision long before Christmas, on December 19, but local media only got wind of the news last Friday. Legislation dating back to the 1990s barred the farming and sale of marijuana, but there has been great uncertainty about the laws due to contradictory court decisions. After being asked to clarify, the Court of Cassation declared that the crime of growing narcotics should…