Chris@CNW, Author at CannabisNewsWire

ThursdayJun 06, 2019 4:20 am

420 with CNW – Rhode Island Invites Blockchain Tech to Help Track Medical Marijuana

According to a notice published on Monday (June 3), Rhode Island hopes that blockchain technology can be harnessed to help the state to track medical marijuana and identify illegal actors. The state has called on blockchain technology developers to submit concepts from which the state will select a provider to develop a system that is customized for the medical marijuana program in Rhode Island. In a press release, the department of Business Regulation revealed that the call for concepts is a challenge to the blockchain companies to showcase their value to government institutions by testing blockchain technology applications within government…

WednesdayJun 05, 2019 4:20 pm

420 with CNW – Bipartisan Governors Write to Congress Calling for Marijuana Policy Reform

The governors of 12 states across the U.S. penned a letter to leaders in Congress on Monday (June 3) urging Congress to pass bipartisan legislation which will make it possible for states to pass their own marijuana laws and implement them without any fear that the federal government will interfere in their jurisdictions. In their letter, the Democratic and Republican governors noted that the majority of the states in the country have taken steps to legalize marijuana either for recreational or medical use. The governors also stated that state legislators had gone to great lengths to draft and pass regulations…

WednesdayJun 05, 2019 2:04 pm

Time to Unlock New Opportunities in the Cannabis Drinks Market

Time to Unlock New Opportunities in the Cannabis Drinks Market The first-ever Cannabis Drinks Expo will showcase unique national and international distribution opportunities for innovative cannabis drinks products On July 25, San Francisco will host the first-ever Cannabis Drinks Expo, an event created in response to the tremendous buzz and excitement surrounding the legalization of recreational marijuana in North America. From California to Canada, both established beverage companies and innovative startups are looking for the first generation of successful cannabis drinks products. To make that possible, the Cannabis Drinks Expo will bring together professionals involved in the development, production, distribution and…

WednesdayJun 05, 2019 12:38 pm

Why Cannabis Can Make You Anxious and How to Avoid That

There is one primary reason why a person may become anxious after consuming cannabis: tetrahydrocannabinol (THC). THC is the primary psychoactive in the herb. You can thank THC for the euphoric “high” that cannabis produces – as well as a slew of other medical properties. THC has both positive and negative impacts on anxiety. Several factors contribute to how a person might respond to THC, including genetics and how much cannabis you consume. But, what causes cannabis-induced anxiety? And why does it only happen sometimes and in some people? Here are three reasons why you might get anxious when you…

WednesdayJun 05, 2019 11:41 am

Growing Demand in Hemp Sector Breeds Opportunity for Major Hydroponics Cultivation Supplier Sugarmade Inc. (SGMD)

The booming hydroponics crop market is projected to be worth over $27 billion by 2022 Sugarmade is one of the largest publicly traded hydroponics supply companies investing in the legal cultivation sector The global industrial hemp market is expected to reach $10.6 billion by 2025 Sugarmade Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, is diversifying its portfolio with supply commitments to the budding industrial hemp sector. A new agreement with Kentucky-based hemp cultivator Hempistry Inc. to deliver resources for its plant micropropagation work reveals a solid strategy as Sugarmade moves into the legal cultivation space, as…

WednesdayJun 05, 2019 11:13 am

SinglePoint Inc. (SING) Launches National Distribution Initiative for Startup and Established CBD Companies

SinglePoint is undertaking a B2B cultivation effort to help companies specializing in cannabidiol (CBD) products reach a larger national market In conjunction with a national distribution partner, SinglePoint is offering to growing CBD product companies the potential of entering mass-market stores such as CVS, Kroger and Dollar Tree The ‘Strategics’ program may be particularly helpful as shelf space in the booming CBD industry tightens Investment bank Cowen & Co. is predicting a CBD market revenue outlook of $16 billion by 2025, growing from $600 million-plus in 2018 Emerging technology cultivator SinglePoint Inc. (OTCQB: SING) is launching a national distribution program that…

WednesdayJun 05, 2019 10:24 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Expands Opportunities for 1906 Edibles

LXRP has expanded its cannabis product relationship with Nuka Enterprises’ 1906 brand DehydraTECH enables 1906 chocolates to deliver on both function and flavor The company is expecting a tenfold increase in sales with expansion to legal markets Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), the developer and out-licenser for the disruptive and cost-effective DehydraTECH, recently announced that it has expanded its cannabis product relationship with Nuka Enterprises LLC, maker of 1906 cannabis edibles for high-functioning adults (http://cnw.fm/JN0vh). Since its beginnings in 2016, 1906 chocolates have benefited from DehydraTECH technology. In three short years, Nuka has become Colorado’s fastest-growing edibles company, and…

WednesdayJun 05, 2019 9:00 am

Products for Pets Gain Prominence in Hemp Market

CannabisNewsWire Editorial Coverage: As the hemp and CBD markets grow, a wide variety of CBD- and hemp-based products are becoming available, including products for pets. Geyser Brands Inc. (TSX.V: GYSR) (GYSR Profile) has recently announced an acquisition that provides the company with two brands of hemp and CBD products. Indiva Ltd. (TSX.V: NDVA) (OTCQX: NDVAF), which provides infused products for humans, is working on a new extraction facility to increase its production. Viridium Pacific Group (TSX.V: VIR) (OTCQB: VIRFF) is supporting the growth of the hemp and cannabis industries through investment, both in acquisitions and in partnership with smaller companies.…

WednesdayJun 05, 2019 4:20 am

420 with CNW – French Medical Marijuana Experiment Starting Soon After Enabling Law is Passed

On May 28 this year, the French Senate passed a bill paving the way for marijuana to start being used therapeutically in the country. The health ministry is yet to give its approval to this law, but once it does, an experiment lasting two years will be launched to analyze the effects of marijuana on pain relief. Patient groups put the estimate of people who would be eligible to access marijuana for pain at about 300,000-1,000,000 people. A committee is evaluating the measures which have been designed to implement the medical cannabis experiment. This committee will release their findings on…

TuesdayJun 04, 2019 4:20 pm

420 with CNW – Medical Marijuana Patient Numbers Outpacing Canadian Doctor and Cannabis Supply

The skyrocketing number of patients on the Canadian medical cannabis program is outstripping the capacity of the health system and the product supply to handle that surge in patient numbers, according to doctors who participate in the program. One year ago, 250,000 patients were enrolled on the medical cannabis program. By the end of December 2018, the number had ballooned to 350,000. Current estimates put the number of patients in the program at more than 400,000. This surge is partially attributed to the legalization of recreational marijuana because this removed the stigma associated with cannabis. However, this change in cannabis…