Chris@CNW, Author at CannabisNewsWire

WednesdayNov 27, 2019 4:20 am

420 with CNW – 5 Banking Options Marijuana Companies Can Explore

Every month, many marijuana companies across the U.S. have to move physical cash from their premises in order to pay for utilities and other needed supplies and this is a common practice among marijuana businesses. Although marijuana is legal in most states in the U.S., banks that are federally insured have prohibited the opening of accounts for cannabis businesses. This is because they are afraid of being accused of criminal activity since federally, marijuana is a controlled substance under Schedule 1 of the Controlled Substances Act. The refusal of banks to conduct business with weed businesses has left them with…

TuesdayNov 26, 2019 4:20 pm

420 with CNW – Washington State University Teams Up With Pot Company to Study Medical Marijuana

On November 6, one of the universities which was granted federal land by the Morrill Acts of 1862 and 1890, Washington State University, announced that it would be partnering with Biopharmaceutical Research Company (BRC) to advance the research on medical marijuana and its impacts. BRC is a pharmaceutical company registered with the DEA. Washington State University issued a press release saying that it partnered with the pharmaceutical company to launch an innovative study to evaluate marijuana and speed up the pace of marijuana research. The partnership will give the WSU scientists access to marijuana for research purposes while adhering to…

TuesdayNov 26, 2019 1:37 pm

Green Hygienics Holdings Inc. (GRYN) Again Expands Management Team, Advisory Board to Lead Key Hemp Cultivation Business Strategies

New Senior VP of Business Development owned and ran massive North American greenhouse operations of approximately 20 million square feet with annual turnover of over $300 million New Senior VP of Corporate Development specializing in effecting private and public mergers and acquisitions and financings as well as Independent Director with experience in finance and banking Green Hygienics Holdings owns largest indoor and outdoor hemp cultivation spaces in North America after acquiring Potrero Ranch Green Hygienics Holdings Inc. (OTCQB: GRYN), an innovative, full-scope, premium hemp cultivation and branding enterprise targeting the high-end medical and adult-use recreational market, appointed four professional managers…

TuesdayNov 26, 2019 12:57 pm

HTC Extraction Systems (TSX.V: HTC) Acquires California-based Kase Farma Inc. and Launches Tolling Contracts as Part of Strategic Initiatives

HTC acquires California hemp-based extraction, formulation and refining operation of Kase Farma and completes tolling contracts HTC has finalized construction of two new hemp biomass processing and storage facilities, with extraction equipment set to arrive in December 2019 Canada’s cannabis industry will total $3.7 billion by the end of 2020 U.S. sales of hemp-based CBD products set to grow at a CAGR of 147 percent, reaching $22 billion by 2022 HTC Extraction Systems (TSX.V: HTC), a hemp-biomass extraction and formulation company, is well positioned to profit from the fast-growing hemp and CBD, CBG and CBN market, in light of recently…

TuesdayNov 26, 2019 12:16 pm

No Borders Naturals: The Only CBD Brand in the USA with Lab Tests on Blockchain

The American CBD industry has seen explosive growth over the past few years. The industry research group Brightfield forecasts more than $23 billion in annual revenue by 2023 (http://cnw.fm/CmHd3). The U.S. is now the world’s leader in hemp cultivation, extraction, and product development. That means a lot of companies are offering CBD oil, topicals, and edibles. The question consumers have when they search for a reputable supplier is who can they trust to deliver a quality product? In many cases this trust is directly linked to their livelihoods as hardworking Americans who risk failing a workplace drug test or worse, facing…

TuesdayNov 26, 2019 11:33 am

LiveWire Ergogenics Inc. (LVVV) Enters Advanced Development Phase of 265-Acre Ranch in Paso Robles

LiveWire CEO provides progress report for development of first-ever ‘Estate-Grown Weedery’ in California Estrella Weedery will serve as company’s central hub for all Livewire operations LiveWire Ergogenics Inc. (OTC: LVVV) is a health and wellness company with a focus on special purpose real-estate acquisitions and the licensing and management of high-end and permitted facilities for the production of cannabis-based products and services in California. In its flagship facility in Paso Robles, LiveWire continues to spearhead research, cultivation and commercialization in the cannabis space. Recently, LiveWire’s CEO Bill Hodson outlined the company’s creative business model in an exclusive interview with NetworkNewsAudio…

TuesdayNov 26, 2019 4:20 am

420 with CNW – New Jersey Could Have the Lowest Weed Taxes According to Voter Measure

If everything goes according to plan, New Jersey could be the state with the lowest tax rate for legal weed sales. Voters are expected to vote on a marijuana legalization measure that seeks to allow the state to subject a sales tax of 6.625% on legal weed sales. All cities allowing the sale of legal weed would be authorized to impose a maximum of 2% transfer tax which would total up to 8.625%. This would still be the lowest tax imposed on legal marijuana sales in the U.S. According to marijuana analysts, the low taxes would enable legal marijuana to…

MondayNov 25, 2019 4:20 pm

420 with CNW – Key Congressional Committee Passes Marijuana Legalization Bill

On Wednesday, a key Congressional committee passed legislation that would decriminalize and tax marijuana as well as expunging federal marijuana convictions. However, to become law, it has to be approved by the full House and the Republican-controlled Senate. The House Judiciary Committee passed the bill by a vote of 24 to 10. The bill is known as the Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 and was introduced by Rep. Jerrold Nadler (D-NY) and co-sponsored by more than 50 legislators. The legislation has the following provisions: Remove weed from Schedule 1 of the Controlled Substance Act, which includes…

MondayNov 25, 2019 12:51 pm

SinglePoint Inc. (SING) Reports Record Quarter, Projects Promising Future

Company reports revenue growth of 176%, gross profit increase of 30% Acquisition of Direct Solar has exceeded revenue growth targets; subsidiary projected to reach $15 to $25 million in contract origination in 2020 Following successful product introduction at NACS 2019, SING launches wholly owned 1606 Original Hemp cigarette SinglePoint Inc. (OTCQB: SING), a leading technology and acquisition company, has announced its financial results for third quarter 2019 (http://cnw.fm/9jzqI). Highlights include a revenue increase of 176% over the same period in 2018 and a gross profit increase of 30%. The revenues and gross profit are on an upward swing. This is…

MondayNov 25, 2019 10:25 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Anticipates Increased Funding of up to $103 Million

TGOD’s ability to secure significant capital reflects its establishment in industry and strong governance foundation The financing plan involved several components, including a sale-leaseback of Ancaster Energy Centre, a $40 million construction mortgage loan with an investment fund, and a $30 million convertible note. Company plans for utilization of capital include completing construction of its various facilities and achieving national product distribution The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, recently signed agreements for increased funding amounting to up to $103 million. The company’s ability to secure capital at a…