Chris@CNW, Author at CannabisNewsWire

MondayOct 22, 2018 4:20 pm

420 with CNW – Alaska Decides to Modify Marijuana Taxes

The state of Alaska has decided to make some changes to the way it taxes marijuana. These changes were prompted by concerns raised by industry players regarding the lack of distinction between different kinds of cannabis buds. The type of bud plays a role in the quality (and the price) of any products that are derived from that bud. The tax authorities haven’t been putting this into consideration, an oversight that made legal cannabis very pricey hence inadvertently promoting the black market. Currently, each ounce of cannabis flower or bud is taxed $50 while trim (the rest of the plant)…

MondayOct 22, 2018 12:17 pm

Medical Cannabis Payment Solutions (REFG) Positioned for Growth as Both ‘Green’ Payment Processor, Hemp Grower

REFG offers a diverse commitment to the legalized cannabis industry, as digital payment processor and also as a hemp grower that owns SpeedyGrow, licensed in Colorado A total of 31 states plus D.C. have legalized medical marijuana, and nine states and D.C. have legalized both medical and recreational marijuana in the U.S. Patients and cannabis customers may sign up for Green online; the cards can be branded to the vendor, create a safe and compliant tier one processing system and build customer loyalty Medical Cannabis Payment Solutions (OTC: REFG) is positioned for gains in the marijuana industry as both a…

MondayOct 22, 2018 9:00 am

Canada Leads International Cannabis Boom — and It’s Not About Smoking

CannabisNewsWire Editorial Coverage: Legal changes in Canada are creating an ideal base for cannabis companies, which are shifting their focus away from smoking. As the first G20 nation to make recreational cannabis legal, Canada is creating an opportunity for its cannabis companies to become global leaders. Analysis shows that the global cannabis market is larger than expected — and set to keep growing. Many new consumers prefer not to smoke their cannabis, leading to a shift towards cannabis-derived food and drinks. Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) (LXRP Profile) has developed patented technology that helps make cannabis available to…

MondayOct 22, 2018 4:20 am

420 with CNW – UK Doctors to Start Prescribing Cannabis in November

Doctors in the UK (Wales, Scotland and England) will soon start prescribing cannabis for their patients who have conditions that can be improved by this substance. This announcement was made by the UK Home Secretary, Sajid Javid. He stated that cannabis would see its status changed from a schedule 1 substance (substances with no therapeutic value but having a high likelihood of being abused) to a schedule 2 controlled substance. That change would allow doctors to prescribe cannabis-products for those patients who would benefit from such derivatives (CBD oil, for example). However, cannabis would still be controlled since its new…

FridayOct 19, 2018 4:20 pm

420 with CNW – A Peek Into Canopy Growth’s Cannabis Manufacturing Facility Just Before Legalization Day

Wednesday (October 17) marked the start of a new era in Canada after recreational cannabis became legal. Canadians waited for this day, but not as eagerly as Canopy Growth, one of the leading cannabis companies in the country. The President and co-CEO of the firm, Mark Zekulin, said that they pulled all the stops, including using every kind of transportation available in Canada (except dog sleds) to ensure that cannabis supplies were distributed to all the retailers who had placed orders from around the country. Zekulin added that the company had been preparing for legalization day for years. That statement…

FridayOct 19, 2018 11:41 am

Earth Science Tech, Inc. (ETST) Signs Agreement with Laboratory for Testing Related to Hygee Medical Device; In Talks with Organic CBD Grower

ETST finalizes agreement with Groupe Opmedic Inc. and its Procrea Fertility Laboratories for lab services to detect sexually transmitted infections (STIs) in women using Hygee ETST is in talks with an organic CBD grower and processor for it to provide an exclusive business/supply agreement that will give ETST a consistent industrial hemp source Company’s pipeline includes several CBD-based pharmaceutical formulas; ETST expects that its pure hemp oil and new formulas will eventually be sold globally Earth Science Tech, Inc. (OTCQB: ETST) has advanced on two fronts with its goals of further penetrating the CBD market and medical testing device field…

FridayOct 19, 2018 4:20 am

420 with CNW – Canada’s Experiment With Legalized Marijuana Begins

The countdown to the legalization of recreational marijuana use in Canada ended yesterday when retail stores opened for the first time to serve adults who wanted to consume this substance that has been wrapped in a lot of controversy for decades. Legalization day also marked the start of one of the biggest “experiments" in public health policy. This is because cannabis was legalized without fully understanding how different categories of people would be affected by its regular consumption. Of primary interest are teens and young adults. While federal law places the minimum age for those who can legally buy and…

ThursdayOct 18, 2018 4:20 pm

420 with CNW – FDA Calls for Public Comments on Marijuana

The U.S. Food and Drug Administration has announced that members of the public and the scientific community have an opportunity to share their thoughts on several substances, including marijuana. Of specific interest is the medical usefulness, abuse potential and actual abuse of the listed substances (including cannabis). The FDA action comes at a time when the World Health Organization (WHO) is planning to meet in November this year to review the scheduling of cannabis. The ECDD (Expert Committee on Drug Dependence) is the body that will decide whether marijuana should stay as a schedule 1 substance or that categorization should…

ThursdayOct 18, 2018 12:03 pm

Youngevity International, Inc. (NASDAQ: YGYI) Increases Diversification of Product Portfolio with Expansion of Cannabidiol Oil Brand

As cannabidiol oil market explodes, Youngevity expands HempFX product line Product diversification reduces revenue volatility Direct seller with its own 1,000-acre coffee plantation Clinched $250 million five-year coffee supply contract If diversification is the road to portfolio efficiency, then the expansion of its HempFX product line should take Youngevity International, Inc. (NASDAQ: YGYI) closer to optimizing its risk-return position. Already well diversified with its eggs in many baskets, Youngevity is a leading omni-direct lifestyle company offering products in the top eight selling retail categories of health and nutrition, home and family, food and beverage (including coffee), spa and beauty, fashion,…

ThursdayOct 18, 2018 11:22 am

Sugarmade, Inc. (SGMD) Set to Grow with Cannabis Industry

Cannabis industry set to quadruple to $47 billion over next 10 years Sugarmade strategy centers on supplying “picks” and “shovels” to growers Focused on the supply of hydroponic cultivation systems Getting cannabis to market involves many stages. Before you can sell it, you have to grow it and perform myriad operations to ensure that’s done right. So, if you’re growing cannabis, it may be a good idea to turn to Sugarmade, Inc. (OTCQB: SGMD). The company is one of the largest publicly traded hydroponics supply companies, with brands that include Zen Hydro, Carry Out Supplies, BudLife Cannabis Storage Solutions and Cali Grown Supplies.…