NewsRoom Articles - Page 2 of 272

ThursdayJul 02, 2020 4:20 pm

420 with CNW – Survey Shows That Canadians Aren’t Moved by Cannabis Branding

A survey published by Brightfield Group has found that the majority of Canadians are unable to tell pot brands apart despite the resources that these companies have put into marketing. About 3,000 Canadians were polled during the first quarter of this year. The overwhelming finding of the survey was that brand awareness was woefully low among Canadians, and that they suffered from “decision fatigue” as a result of being faced with so many brands to choose from when they visit a cannabis retail outlet. Approximately 41% of Canadians said they were aware of Tweed, a brand from Canopy Growth Corp.…

ThursdayJul 02, 2020 10:15 am

SinglePoint Inc. (SING) Set to Capitalize on Burgeoning Sustainable Hemp Industry

Hemp emerging as a versatile, sustainable alternative that is easily grown with minimal water, without pesticides SING leveraging growth in hemp industry through 1606 Hemp, Klen subsidiaries 1606 Hemp achieved 133% increase in quarterly sales growth with expected $5.5 million in annual sales revenue per 1,000 active accounts With hemp making headlines for its versatility and sustainability in the production of many biodegradable materials, SinglePoint (OTCQB: SING), a diversified holding company with operations in multiple industries and verticals, is leveraging this trend with multiple subsidiary businesses in this hypergrowth industry. Along with its 1606 Hemp combustible hemp cigarette brand and…

ThursdayJul 02, 2020 4:20 am

420 with CNW – Colorado Governor Signs Bill Allowing Expedited Pardons for Marijuana Possession Convicts

On Monday this week, Gov. Jared Polis signed a bill which will promote social equity in Colorado’s marijuana industry. Under this law, the governor will also have the power to grant pardons to people convicted for marijuana possession before legalization took place. Previously, the governor was required to consult the judge and state prosecutors involved in each case before granting a pardon. Gov. Jared Polis (D) signed this new bill during a ceremony held at one of the minority-owned businesses in Denver. The new law is important because it provides a state-wide definition of what business is to be regarded…

WednesdayJul 01, 2020 4:20 pm

420 with CNW – How Existing Laws Are Making Cannabis Research Difficult

Cornell University secured a $4 million grant from the New York State government to conduct cannabis research soon after hemp pilot programs were established under the 2014 Farm Bill. However, the challenges that these Cornell researchers are facing are typical of what other cannabis researchers are going through as explored below. The Problematic Legal Definition of Hemp Currently, the difference between industrial hemp and marijuana is a legal one rather than a botanical one. By law, hemp is cannabis whose THC content doesn’t exceed 0.3% while marijuana is cannabis whose THC content is more than 0.3% on a dry weight…

WednesdayJul 01, 2020 4:20 am

420 with CNW – Why 9 in 10 NY College Students Support Marijuana Legalization

A survey done among college students shows that more than 90% of them support the legalization of marijuana in New York State where the laws are in so much flux that one can’t tell which direction cannabis policy will take in a few weeks or months. The survey involved more than 250 college students in the state. While it can be regarded as an unscientific survey due to its sampling method which encouraged respondents to pass on the questionnaire to their friends and associates (a snowball way of getting survey respondents), the findings are nevertheless reflective of the general sentiments…

TuesdayJun 30, 2020 4:20 pm

420 with CNW – Why NJ Medical Cannabis is Slated to Get a Lot Cheaper

On July 1, New Jersey is slated to reduce the sales tax on medical marijuana from 6.625% to 4%. This move is the first in a series of measures that will see state sales taxes removed entirely within a space of three years. On July 1 next year, the tax will reduce to 2% and the following year (July 1, 2022) will see the reduction to a 0% state sales tax. However, the sales tax reforms which roll out tomorrow don’t mean that buyers of medical marijuana will not pay any taxes on their purchases. Municipalities within New Jersey are…

TuesdayJun 30, 2020 11:14 am

SinglePoint Inc. (SING) Initiatives in Hemp, Residential Solar Driving Record Sales Growth Despite Uncertain Economic Landscape

SING’s 1606 Hemp subsidiary achieved 133% increase in quarterly sales growth Product marketing and content strategy grew 1606 Hemp social media presence to 20,000 followers, boosting online sales SING achieved 300% increase in Q1 revenue and gross profit with majority coming from subsidiary Direct Solar Despite unusual events creating an uncertain economic landscape, 2020 is proving to be a successful year so far for SinglePoint (OTCQB: SING), a diversified holdings company with operations in several high-performance market sectors. With impressive results coming from both their 1606 Hemp and Direct Solar subsidiaries, SING continues to successfully propel its business model forward…

TuesdayJun 30, 2020 4:20 am

420 with CNW – Marijuana Could Help Prevent Diabetes Resulting from Severe COVID-19

A lot is being learned about the intersection between consuming marijuana and diabetes. Recently, a team of researchers has revealed that lots of people may be prone to developing diabetes after suffering from the severe forms of the COVID-19 disease. This complication can be alleviated using cannabis, the researchers think. To confirm this theory, the researchers have set up a registry aimed at gathering data from doctors to establish how many people develop diabetes after suffering from severe COVID-19 and how many of those people had a history of using marijuana either recreationally or for medicinal purposes. The CoviDiab Registry,…

MondayJun 29, 2020 4:20 pm

420 with CNW – Federal Commission Supports Expanding Psychedelics and Cannabis Research for Military Veterans

A federal commission that was asked to generate recommendations which will help to improve how military veterans suffering from mental health issues are treated has come to an unexpected conclusion urging the legislative and executive branches of the U.S. federal government to do everything possible to ease research into psychedelics and marijuana. After months of meetings, the commission, named Creating Options for Veterans’ Expedited Recovery (“COVER”), released its findings in a report authored in January. Surprisingly, this report hasn’t drawn as much attention as it deserves among the marijuana law reform movement and the media. The panel, led by Jake…

MondayJun 29, 2020 4:20 am

420 with CNW – Los Angeles Contemplates Overhauling Legal Cannabis System

Cannabis had been federally prohibited for several decades before public attitudes towards marijuana started changing in the late nighties. As drug reform advocates championed for marijuana legalization, more and more states legalized marijuana with the aim of earning tax revenue from cannabis sales, edging out the illicit market and repairing the damage done by the decades’ long war on drugs. However, a few years after a number of state-legal cannabis programs were launched, it has emerged that they aren't as effective as projected. Despite bringing in millions of dollars in tax revenue, states like Colorado and California have had a…