Chris@CNW, Author at CannabisNewsWire

FridayJun 28, 2019 10:53 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Launches Investment Platform Focused on Cannabis Industry

Supreme Heights will focus on opportunities in the UK and European CBD health and wellness space The investment platform will benefit from Supreme Cannabis’ vast industry experience and connected leadership team Supreme Cannabis’ CEO expects the move to enhance revenue value for investors The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a leading Canadian cannabis producer, recently announced its launch of Supreme Heights, a new investment platform. Supreme Heights, established in London, will take advantage of opportunities within the United Kingdom and Europe’s CBD health and wellness sector. While Supreme Heights has been initiated as a separate…

FridayJun 28, 2019 9:54 am

Grapefruit Boulevard Investments Inc. (IGNG) Completes Reverse Acquisition, Launches Sugar Stoned

Grapefruit is a premier manufacturer and distributor in California’s legal cannabis marketplace The company completed a reverse acquisition of Imaging3 Grapefruit recently launched a new product line, Sugar Stoned Grapefruit Boulevard Investments Inc. (OTCQB: IGNG) is a premier cannabis manufacturer and distributor in the California legal cannabis marketplace with its own branded product lines. It offers professional assistance to other cannabis companies in branding, compliant packaging, extraction services, edible manufacturing services and distribution logistics. The company created a fully compliant strategy to bring unlicensed brands into the legal marketplace. Grapefruit is a seed-to-sale, vertically integrated company sourcing active ingredients and…

FridayJun 28, 2019 4:20 am

420 with CNW – 2019 Federal Data Shows More Banks are Accepting Marijuana Businesses

Newly released federal data shows that in 2019, more credit unions and banks have been taking on marijuana businesses as clients compared to previous quarters and years. The federal data shows that there were 113 credit unions and 438 banks which actively serviced cannabis businesses in the final quarter of 2018. The statistics for the first quarter of 2019 indicate that the banks increased to 493 while credit unions numbered 140. The data comes from the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department. FinCEN tracks the finances of the marijuana industry in accordance with the banking guidelines issued…

ThursdayJun 27, 2019 4:20 pm

420 with CNW – National Sheriffs’ Association Wants Marijuana Rescheduled

The National Sheriffs’ Association (NSA) has passed a resolution calling on the federal government to reschedule marijuana. The same resolution also reiterates the group’s opposition to the legalization of recreational marijuana. In the resolution, the NSA states that they regard the legalization of cannabis as a threat to public safety and health, but they also have empathy for people who are suffering as a result of debilitating conditions which prompt them to seek medical cannabis. The sheriffs reaffirmed that they remain opposed to not just state-level legalization but decriminalization as well since these policies haven’t done much to eradicate illicit…

ThursdayJun 27, 2019 12:49 pm

NCIA Cannabis Business Summit & Expo is ‘Essential’, Says Leading Trade Journal

It’s no real surprise that the 6th Annual NCIA Cannabis Business Summit & Expo has made the list of “essential conferences for meeting everyone you need to know to succeed in cannabis.” During its run, attendance at the trade show has climbed exponentially. This year, over 10,000 attendees are expected to congregate, July 22-24, at the San Jose McEnery Convention Center in San Jose, California. Such a crowd of executives, entrepreneurs and investors offers networking opportunities galore. The event, which focuses on business opportunities in the fast-developing cannabis space, undoubtedly offers a matchless opportunity to “meet… everyone you need to…

ThursdayJun 27, 2019 11:22 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Launches Strategic Hemp Division

The Green Organic Dutchman’s focus is on being the market’s foremost global organic cannabis brand The company recently launched a worldwide strategic hemp division TGOD aims to provide a suite of premium consumer-preferred products The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) is a premium cannabis company that grows high-quality, organic cannabis with sustainable, all-natural principles. Established in 2012, TGOD focuses on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, along with the Canadian adult-use market. TGOD’s senior management team has wide-ranging experience in executive and operational activities specific to CPG (consumer packaged goods), consumer…

ThursdayJun 27, 2019 10:43 am

Earth Science Tech Inc. (ETST) Builds a Niche in Expansive Wellness Industry with Women’s Health, CBD Products

Earth Science Tech is a Florida-based company with a vision of enhancing the quality of people’s lives through varied wellness initiatives as part of a growing $4.2 trillion industry The company’s two subsidiaries have a targeted focus on helping women who might not normally pursue health care to assess and treat STIs, as well as on utilizing hemp derivatives as therapy for a variety of maladies ETST also supports a favored entity’s efforts to gain non-profit status for accepting grants that would further CBD studies and assist the company in donating its products on the basis of need The health…

ThursdayJun 27, 2019 9:47 am

Industrial Hemp Market Records Steady Growth, Creating New Opportunities for Suppliers Like Sugarmade Inc. (SGMD)

Legislative changes and growing demand are forecast to enable the industrial hemp sector to grow at a CAGR of 13.7 percent through 2026 The worldwide market is expected to eclipse $13 billion within the next seven years Such rapid growth is expected to provide strategic expansion opportunities for innovative cultivation equipment suppliers like Sugarmade Inc. Sugarmade Inc. (OTCQB: SGMD), a major supplier to the booming hydroponic cultivation sector, looks set to benefit from the many opportunities presented by the quickly expanding industrial hemp sector, as statistics indicate that the market is anticipated to reach $13.03 billion by 2026 from $4.63…

ThursdayJun 27, 2019 4:20 am

420 with CNW – Idaho Medical Cannabis Ballot Initiative Clears First Hurdle

According to a press release issued by the Idaho Cannabis Coalition on Tuesday (June 25), the group has submitted the required list of voters supporting their petition to see medical marijuana included on the state ballot in 2020. The group was told that they needed to collect a minimum of 55,057 signatures from Idaho voters if they were to be given the go-ahead to put together a ballot measure that would be voted on during the upcoming elections in 2020. The coalition duly collected the signatures and submitted them to the Secretary of State for verification before the next step…

WednesdayJun 26, 2019 4:20 pm

420 with CNW – It’s Official, Illinois is 11th to Legalize Recreational Marijuana

As had been widely expected, Gov. J.B Pritzker yesterday (June 25) signed a bill legalizing recreational marijuana in Illinois. This makes the state the 11th to legalize marijuana fully, joining the likes of Colorado and California. When this new law takes effect on Jan 1, 2020, adults 21 and older will be allowed to possess up to 30grams of marijuana and non-residents will be permitted to possess a maximum of 15grams. The signing ceremony marked the fulfillment of a pledge Gov. Pritzker made when he was campaigning for office. He promised to see the swift legalization of recreational marijuana in…