NewsRoom Articles - CannabisNewsWire

FridayMar 27, 2020 4:20 pm

420 with CNW – Oklahoma Medical Marijuana Businesses Start Feeling the Pinch of Coronavirus

Medical marijuana businesses in Oklahoma have been left in a lurch after finding out they don't have access to disaster relief funds to help cushion them from the Coronavirus' economic fallout. And as more regions go into lockdowns to curb the spread of the disease, they have started feeling the pinch of reduced demand and sales. Dubbed COVID-19, the virus first appeared in Wuhan, China late last year. A few months later, more than 400,000 have been infected and at least 20,000 have been left dead in its wake. It is a pandemic like we've never seen before, and experts…

FridayMar 27, 2020 12:07 pm

SinglePoint Inc. (SING) Soars to New Heights as Revenue up 190%, Company Anticipates Increased Commercial Client Solar Installations

SinglePoint Inc. recently posted $3.3 million revenue in preliminary annual results, showing a 190% increase from the previous year Sales projected to reach triple-digit growth as SING establishes financial partnerships for commercial clients Solar installations for Q3 2019 up 45% from previous year, according to the Solar Energy Industries Association SinglePoint Inc. (OTCQB: SING) continues to ride the rising waves of the solar industry, posting more than $3.3 million in revenue in the company’s preliminary unaudited annual results—showing a 190% increase from 2018 to 2019. With $2 million of that revenue directly derived from its subsidiary Direct Solar of America,…

FridayMar 27, 2020 4:20 am

420 with CNW – Federal Agency Says Cannabis Businesses Aren’t Eligible for COVID-19 Disaster Relief

Marijuana businesses have been left between a rock and a hard place after the federal Small Business Administration (SBA) stated on Monday that marijuana companies aren't eligible for relief to help cushion them against the Coronavirus pandemic. Since the novel Coronavirus first appeared in Wuhan, China late last year, there have been over 450,000 confirmed cases and 21,000 deaths worldwide. Experts say that if the virus keeps spreading unabated, up to 70% of the world's population might be infected before it runs its course. Understandably, countries have started implementing lockdown procedures to curb the spread of the disease. This includes…

ThursdayMar 26, 2020 4:20 pm

420 with CNW – Federal Agency Seeks Help in Standardizing THC Dosage

Cannabis has come a long way on its journey to legalization. Just a few years ago, it was illegal at both federal and state level, but now there are numerous states that allow medical or recreational marijuana within their borders. The plant is said to have potent medical properties that make it effective against a wide variety of ailments, but a lot of the evidence is anecdotal. However, unlike ordinary pharmaceutical drugs, cannabis poses a challenge to researchers looking to provide standardized evidence of its efficacy and side effects. Its medicinal properties can be attributed to a group of unique…

ThursdayMar 26, 2020 4:20 am

420 with CNW – Honolulu Marijuana Processor to Make Free Hand Sanitizer

When the Coronavirus first appeared in Wuhan, China late last year, no one expected it to have such a worldwide impact. A little more than two months after the virus started ravaging China, it has spread to most continents, infected more than 150,000 and left at least 9,000 people dead. Naturally, most countries are focused on containment efforts, and one of them is calling on people to maintain high levels of hygiene. The virus spreads through droplets, and one of the best ways to prevent infection is thorough and constant hand washing. However, with massive numbers of people buying hand…

WednesdayMar 25, 2020 4:20 pm

420 with CNW – How Marijuana Retailers Can Adapt to the COVID-19 Pandemic

Most of us have never seen or experienced a disease of such epic proportions as the novel Coronavirus. Just a few months after it first appeared, the virus has infected over 150,000 people worldwide and left at least 10,000 dead. According to experts, the virus may end up infecting up to 70% of the world's population if it continues spreading unabated. In response, governments all over the world have ordered lockdowns of varying degrees. Since the virus is transmitted through droplets from coughs and sneezes, self-isolation and social distancing are the top preventive measures. This, coupled with constant and thorough…

WednesdayMar 25, 2020 4:20 am

420 with CNW – Coronavirus Outbreak Prompts Nebraska Medical Marijuana Advocates to Halt Campaign

In late 2019, the novel Coronavirus, dubbed COVID-19, first appeared in Wuhan, China, and the country literally ground to a halt. The most hard-hit regions went into lockdowns to prevent the spread of the virus, but it also drastically reduced the county's manufacturing output. Since China is a known low-cost producer, tons of industries were affected by this disruption in manufacturing, including the cannabis sector. However, now that the virus has spread to most other continents except Antarctica, supply chain disruptions are only one of many issues we should be worrying about. With all but essential businesses ordered to close…

TuesdayMar 24, 2020 4:20 pm

420 with CNW – DEA Announces Plan to License More Marijuana Producers for Research

In a move that's sure to lift some moods in these trying times, the Drug Enforcement Administration (DEA) recently announced that it will be taking steps to expand the scope of marijuana research. The rule changes proposed by the agency will allow it to approve additional cannabis growers and diversify the types of marijuana available for use in studies. "The Drug Enforcement Administration continues to support additional research into marijuana and its components, and we believe registering more growers will advance the scientific and medical research already being conducted," said the Acting Administrator Uttam Dhillon in a press release. "DEA…

TuesdayMar 24, 2020 4:20 am

420 with CNW – Marijuana Businesses Plead to Access Federal Coronavirus Business Relief

A little over two months after the novel Coronavirus first appeared in Wuhan, China, it has spread to every continent except Antarctica and left over 10,000 people dead in its wake. The World Health Organization has declared the virus a pandemic, and it's safe to say most of us haven't experienced anything of this magnitude in our lifetimes. Fearing an outbreak of black plague proportions, most countries have been going into lockdowns to prevent the spread of the virus. However, while social distancing and self-isolation have been found to be the best preventive measures, the long term effect it could…

MondayMar 23, 2020 4:20 pm

420 with CNW – Is Marijuana Use Advisable During Coronavirus Quarantine?

At the moment, millions of people all over Asia, the U.S. and Europe have been forced into self-isolation. In the few months that it has been active, the Coronavirus has wreaked havoc, with more than 300,000 people infected and at least 12,944 dead, according to a tally by Johns Hopkins University. The virus is very communicable, and the best preventive measures are self-isolation and social distancing. However, that's easier said than done. And for those who aren't used to working from home or long periods of isolation, it's going to be quite tough. As more and more U.S. states go…