NewsRoom Articles - Page 181 of 591

MondayApr 18, 2022 4:20 am

420 with CNW — Federal Regulator Cheers State-Level Cannabis Banking Reforms Amid Congressional Inaction

Banking is one of the most crucial resources the state-legal cannabis industry is missing out on due to federal prohibitions. Fearing retaliation from the federal government, most financial institutions refuse to work with cannabis businesses, depriving them of financial services such as bank accounts and loans. Additionally, it forces marijuana businesses to operate on a cash-only basis, which significantly increases the risk of burglaries and robberies. However, some states have made efforts to increase access to banking services in the nascent cannabis sector in a bid to address these problems. Former chair of the National Credit Union Administration (NCUA) Rodney…

ThursdayApr 14, 2022 4:20 pm

420 with CNW — Ukraine War Upends Marijuana Industry Supply Chains

Before the global supply chains can recover from the upheaval triggered by COVID-19, the world is again reeling from the disruptions caused by Russia’s decision to invade Ukraine. The resultant supply chain challenges are starting to bite within the cannabis industry, as is the case with other sectors of the economy. Experts say the supply chain challenges facing the marijuana industry could possibly last for the rest of this year, maybe even longer. This is particularly likely for companies categorized as ancillary to the marijuana industry, such as those providing packaging and specialized consumables to marijuana companies. The solvents used…

ThursdayApr 14, 2022 9:30 am

The Southeastern Hemp & Medical Cannabis Convention by Organa Kannalytics LLC, Driving Forward The Medical Cannabis and Hemp Industry

The Southeastern Hemp & Medical Cannabis Convention (“SHMC”) is being held as a live event on May 12-14, 2022, at the Cobb Galleria Centre, Two Galleria Parkway, Atlanta, Georgia. Cannabis and hemp businesses, researchers, cultivators, medical practitioners, legislators, and enthusiasts are invited to attend the industry’s leading convention that explores all the aspects of the cannabis and hemp industry. Attendees can leverage the huge networking opportunities and connect with potential clients, experts, and investors at the SHMC event. The event will include industry leaders and enthusiasts who will impart their in-depth knowledge and expertise about cannabis trading, research, medicinal uses, and…

ThursdayApr 14, 2022 9:00 am

Advanced Container Technologies Inc.’s (ACTX) Grow Pods Offer Attractive Investment Option for Entry into Indoor Farming

Modular indoor farming is expected to grow to $9.7 billion worldwide by 2026 The “Times” reports that controlled-environment agriculture, including indoor farms, is attracting venture capitalists ACT’s Grow Pods are essentially micro-farms that can be placed anywhere and allow cultivation 365 days a year Modular indoor farms are expanding as the demand for year-round produce steadily increases, reports the “New York Times” last week (https://cnw.fm/0zpqd). That upward swing is not news to Advanced Container Technologies (OTC: ACTX), a savvy company that has been pioneering the idea through the distribution of self-contained, automated, indoor micro-farms called Grow Pods. “Vertical farming is expected…

ThursdayApr 14, 2022 4:20 am

420 with CNW — Report Finds That Recreational Cannabis Generated More Than $3.7B in Tax Revenue

A recent report shows that last year states which had legalized cannabis for adult-use cumulatively raked in more than $3.7 billion in tax revenue from recreational marijuana sales. This report follows up on an analysis the Marijuana Policy Project released at the start of this year, which examined the total adult-use marijuana tax revenue collected by all the states that have legalized cannabis since recreational sales began in Washington State and Colorado. The organization stated that the total tax revenue generated since recreational sales began in 2014 until March of this year was about $11.2 billion. Toi Hutchinson, CEO and…

WednesdayApr 13, 2022 4:20 pm

420 with CNW — Four Factors Marijuana Companies Can Leverage to Tap the Low-Sugar Craze

The cannabis edibles segment has slowly been gaining popularity over the years, eventually generating $1.28 billion in sales in 2021. Cannabis companies have done this by incorporating cannabinoids such as THC and CBD into a wide variety of foodstuffs. However, one segment marijuana companies have had trouble breaking into is sugar-free foods. As people become more aware of the long-term effects of heavy sugar consumption, a growing percentage of the population is being drawn towards low-sugar alternatives. But with cannabis slowly shedding the “stoner” image and becoming more of a wellness product, TribeTokes CEO Degelis Tufts Pilla says cannabis companies…

WednesdayApr 13, 2022 9:30 am

O’Cannabiz Conference Expo & Awards Offering A Confluence Of Cannabis Industries

Cannabis enthusiasts, traders, cultivators and allied industries are invited to attend the O’Cannabis Expo & Awards from June 1-3, 2022 In Toronto, Canada. After the last year’s rescheduling, the O’Cannabis Conference is back this year for a physical 3-day event. The team is grateful to the exhibitors, sponsors, partners as well as pre-purchased ticket holders for their patience and trust. The event venue is the International Centre Hall #5, Toronto, Canada, a hub of business and consumer exhibitions in Canada. O’Cannabiz is a leading company engaged in organizing national high-profile events, to foster global connections between business houses and the…

WednesdayApr 13, 2022 4:20 am

420 with CNW — Thailand Foresees High-End Marijuana Tourism as Legalization Looms

As territories around the world legalize cannabis, a new segment dubbed “cannabis tourism” has emerged. Folks from countries and states that haven’t legalized cannabis travel to regions that have legal cannabis, bringing in millions of dollars in cannabis purchases. For example, in 2016, the Colorado Department of Revenue reported that around 6.5 million cannabis tourists had traveled to the state to purchase and consume marijuana. Thailand, which is one of the strictest countries in the world in terms of drug offenses, may soon be benefitting from cannabis tourism as well. The country's narcotics board recently announced plans to delist cannabis…

TuesdayApr 12, 2022 4:20 pm

420 with CNW — Illinois Officials Say Cannabis Sales Recovered to $131 Million in March

A report released earlier this week by the Department of Financial and Professional Regulation in the state of Illinois shows that the state recorded about $131 million in legal recreational marijuana purchases in March. The state broke its annual record for marijuana sales last year, with more than $1.4 billion in cannabis being sold. However, cannabis product purchases reduced during the first two months of this year. This new figure makes this the state’s second-highest recorded sales for adult-use cannabis since the industry’s opening in 2020. In the report, the department stated that last month, about $90.3 million in adult-use…

TuesdayApr 12, 2022 9:15 am

InMed Pharmaceuticals Inc. (NASDAQ: INM) Gaining Advantage on Processing Rare Cannabinoids with the Help of Subsidiary Bay Medica

There is an urgent need for large-scale biosynthetic processing that preserves the purity and consistency of cannabinoids Acquired by InMed in October 2021, Bay Medica is a private U.S. firm specializing in the manufacturing and commercialization of rare cannabinoids for the health and wellness sector InMed has two cannabinol formulations currently in development for ocular and dermatological diseases – INM-088 (ocular for glaucoma) and INM-755 (dermatological cream for epidermolysis bullosa) The global cannabis market increased exponentially after the pandemic hit, and is anticipated to continue its upward trend over the next few years. The market was valued at $20.47 billion…

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