Chris@CNW, Author at CannabisNewsWire

FridayMay 24, 2019 4:20 pm

420 with CNW – California Senate Passes Bill to Create Cannabis Banks

The senate in California passed a bill on Tuesday (April 21) paving the way for the creation of state-chartered banks for the cannabis industry. These banks will help the cannabis industry to get around the banking restrictions resulting from the federal status of marijuana. Under the bill, credit unions and private banks can apply to the state for a limited purpose charter to provide depository services to legitimate marijuana businesses within the state. This bill was passed with a 35-1 vote and now awaits approval by the Assembly and Gov. Gavin Newsom. Currently, all marijuana businesses, such as cultivators and…

FridayMay 24, 2019 10:25 am

Earth Science Tech Inc. (ETST) Exploring Exciting Opportunities in 2019

The company’s strategic partnerships expand its product placement, while its white-labeling program captures additional market share ETST is committed to improving women’s health worldwide with the launch of Hygee The company continues to explore expansion of product placement, both online and in retail spaces Florida-based biotech company Earth Science Tech Inc. (OTCQB: ETST) operates in the fields of hemp cannabinoid, nutraceutical, pharmaceutical and medical device research and development. The company’s focus on strategic partnerships and becoming a global leader in the CBD sector, along with its commitment to bringing cutting-edge pharmaceutical and medical-device offerings to market, has put ETST in…

FridayMay 24, 2019 4:20 am

420 with CNW – New Jersey Legislators Approve Several Marijuana Bills

As plans to legalize recreational marijuana seem to have hit a dead end, lawmakers in different New Jersey legislative committees have advanced the expansion of the medical marijuana program, marijuana criminal expungement and marijuana decriminalization bills. On Monday afternoon (May 20), the Appropriations Committee of the Assembly debated and advanced a decriminalization bill. This bill seeks to make the possession of less than two ounces of cannabis a civil offense punishable by a $50 fine. The same committee also passed a bill to expunge marijuana convictions. The version of this bill passed by a senate committee didn’t mention decriminalization. The…

ThursdayMay 23, 2019 4:20 pm

420 with CNW – Canopy Rivers Invests in New Zealand Agri-Tech Company

Canopy Rivers, one of the largest growers and suppliers of medical marijuana in the world, has invested $1.5 million in BioLumic, an agri-tech company based in New Zealand. The funds are intended to help the agri-tech company to develop UV treatments which can boost the performance and yield of marijuana plants. Warren Bebb, the CEO of BioLumic, said that he was glad that companies from around the world were starting to pick interest in what his company is doing. Bebb attributes this interest to the results which they have already obtained for other flowering plants, such as tomatoes, soybeans, lettuce…

ThursdayMay 23, 2019 12:01 pm

Sugarmade Inc.’s (SGMD) Artificial Intelligence Development to Enable Better Hemp Cultivation, Other Agricultural Monitoring

Sugarmade Inc., one of the largest publicly traded hydroponics supply companies, recently announced that it will be developing a cultivation monitoring system based on artificial intelligence (AI) technology The system will enable real-time field monitoring and will also make intelligent recommendations to address problems Through the use of the Sugarmade monitoring system, hemp and other agricultural cultivators will ensure optimal growth conditions designed to optimize yields Sugarmade Inc. (OTCQB: SGMD), a major supplier to the growing hydroponic cultivation sector, will be developing an artificial intelligence-based hemp cultivation and agricultural monitoring system, as the company announced in a press release on…

ThursdayMay 23, 2019 11:14 am

Vaping Product Innovator VPR Brands LP (VPRB) Reports Continued Revenue Growth in First Quarter Financials

VPR Brands’ specialization in cannabis vaping accessories, accompanied by its growing CBD product line, is helping to drive the company’s expansion VPRB reported about 31 percent revenue growth for the year’s first quarter, year-over-year, which added to its nearly 28 percent revenue growth for fiscal year 2018 The quarterly report also noted gross operating margins above 40 percent, increased assets amid growing product sales and a declining net loss Following on the heels of its recent report on 2018’s year-end financial progress, vaping technology innovator VPR Brands LP (OTC: VPRB) announced the results of fiscal operations for the first quarter…

ThursdayMay 23, 2019 9:52 am

This Week in Cannabis: New Scientific Findings on CBD

Cannabis is one of the most studied plants on earth (despite what cannabis opponents may say). As of this article post, a search for 'marijuana' on PubMed.gov returns over 30,000 results. In addition to that large body of research, a lot of things about the cannabis plant are still unknown and waiting to be discovered. Cannabis research was all over the news this week, which we recap below along with other developments. Study finds that CBD may be effective in treating heroin addiction What happened: A team of researchers looked at the potential of cannabidiol (CBD) to reduce cue-induced craving and anxiety in drug-abstinent individuals…

ThursdayMay 23, 2019 9:00 am

Growing Media Coverage, Celebrity Endorsements Lead to Soaring CBD Popularity

CannabisNewsWire Editorial Coverage: Growing media attention and celebrity acceptance is fueling rising popularity of CBD. Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) (WLDFF Profile) is one of the companies benefiting most from this attention, with its products featured in Kim Kardashian’s baby shower and the new Saks CBD salon. Aurora Cannabis Inc. (NYSE: ACB) is working with the UFC (Ultimate Fighting Championship) and its athletes in clinical studies involving pain management, inflammation, injury, exercise recovery and mental well-being. Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) recently acquired Beboe, a luxury cannabis brand founded in California. With this growing CBD popularity, HEXO…

ThursdayMay 23, 2019 4:20 am

420 with CNW – Nebraska Legislators Start Debating Medical Marijuana

Lawmakers in Nebraska started debating a proposal to legalize medical marijuana in the state as cannabis advocates pushed to put the matter before voters next year. Cannabis advocates are unhappy about the legalization bill because, in their view, it is too narrow and restrictive. For example, the bill bans the smoking of medical cannabis yet advocates see smoking as one of the cheapest ways for patients to get their dose of medical cannabis. Other forms require processed cannabis, which is more expensive, so medical marijuana will be out of the reach of many patients if smoking it isn’t allowed. The…

WednesdayMay 22, 2019 4:20 pm

420 with CNW – The Emerald Cup Expands to Europe

For those who may not know, the Emerald Cup can be described as the world championship for the outdoor cultivation of marijuana. This competition is held every year in California. This year, the Emerald Cup is debuting in Europe after the organizers teamed up with the organizers of Product Earth Expo-Fest held in the U.K each year. The two entities announced their partnership at the start of this week and they plan to use the UK event in August to showcase what growers from the Emerald Triangle have to offer the rest of the world. James Walton, the founder of…