NewsRoom Articles - Page 218 of 596

ThursdayNov 18, 2021 4:20 am

420 with CNW – New Cannabis Initiative to Push for Federal Legalization Launched

As more states across the United States legalize cannabis for medical and recreational use, the push to federally legalize the herb grows. Thus far, 18 states and Washington, DC, have legalized the recreational adult use of cannabis. Still, cannabis remains illegal to sell, use or possess under federal law, which has in turn made banks refrain from backing the marijuana industry, for fear that it would cause federal issues. Now major marijuana companies are supporting celebrity-infused campaigns to enlist cannabis users to pressure Congress to legalize the plant countrywide. Earlier last week, the Cannabis in Common initiative was launched to…

WednesdayNov 17, 2021 4:20 pm

420 with CNW — Montana Committee Recommends Reversal of CBD Ban in Cannabis Shops

Earlier this year, the governor of Montana signed House Bill 701 into law, setting the stage for Montana to launch a recreational cannabis market in January 2022. Sponsored by Republican Representative Mike Hopkins, the legislation allowed the sale of adult-use cannabis in counties that had voted in favor of the legalization initiative to adults 21 and older and charged the state Department of Revenue with developing administrative rules and issuing recreational cannabis business licenses. However, two proposed rules by the department drew the ire of industry stakeholders who claimed that the rules were not correct interpretations of the legalization bill.…

WednesdayNov 17, 2021 8:00 am

Marijuana Company of America Inc. (MCOA) Is ‘One to Watch’

The VBF acquisition is expected to be accretive to MCOA’s revenue and EBITDA forecasts for 2022 The company launched new subsidiaries in Brazil and Uruguay to distribute its hempsmart premium product line in Latin America The company recently launched a new social media marketing campaign via Instagram, Twitter, TikTok, etc. The global legal marijuana market was valued at $9.1 billion in 2020 and is forecast to grow at a CAGR of 26.7 percent from 2021 to 2028, putting the market value at roughly $30 billion by 2025 Marijuana Company of America (OTC: MCOA) operates and invests in the cannabis sector directly.…

WednesdayNov 17, 2021 4:20 am

420 with CNW — How the Fashion Industry Is Giving Hemp Fiber a Hand Up

Farmers were allowed to legally cultivate industrial hemp after the 2018 farm bill was passed. Before the plant was banned, it was widely grown in different parts of the country. The plant’s seed, grain and fiber are used in different industries, including the pharmaceutical, animal care, construction and fashion industries. Retailers and consumers in the fashion industry are keen on using the plant in their many processes, as it provides a sustainable alternative to synthetic materials as well as cotton. This interest continues to grow as the environmental crisis in fashion also intensifies. Synthetic fibers are cheaper to mass produce,…

TuesdayNov 16, 2021 4:20 pm

420 with CNW — Factors Impacting Users’ Marijuana Experience

With more than three-quarters of all American states now allowing some form of cannabis, the controversial plant is more accessible to the public than it has ever been. No longer is cannabis associated with drug addicts and criminals; normal folk are incorporating cannabis into their routines while remaining valuable members of society. However, many users fail to get the effects they seek from cannabis due to the plant’s unique nature. Unlike most drugs, cannabis affects people differently depending on a wide variety of factors. Your reason for consuming marijuana. What do you wish to gain from using cannabis? Are you…

TuesdayNov 16, 2021 4:20 am

420 with CNW — Poll Shows Most Americans Support Cannabis Legalization

Over the past couple of years, public opinion on cannabis has seen a significant shift. After decades of prohibition, anti-cannabis rhetoric and harsh sentencing, plenty of people didn’t look too favorably on the controversial plant. But as more states have launched medical cannabis markets and marijuana’s possible benefits have come to light, public support for cannabis legalization has been on the rise. This has been reflected in a couple of surveys, with a recent poll by Rasmussen Reports finding that a majority of Americans support the national legalization of cannabis. More specifically, 62% of the survey participants said that they…

MondayNov 15, 2021 4:20 pm

420 with CNW — Bill Allowing Researchers to Study Cannabis from Dispensaries Advanced to President’s Desk

Last week, the House of Representatives passed an infrastructure legislation that includes provisions which will permit researchers to conduct research on the cannabis that consumers purchase from state-legal dispensaries. This bill, which has been advanced to President Joe Biden’s desk, also encourages states that have enacted laws to legalize marijuana to educate individuals on impaired driving. A study that was funded by the federal government found that the amount of THC in an individual’s system after they had consumed cannabis wasn’t a reliable predictor of impairment. Despite this finding, however, the measure directs that the transportation secretary work with the…

MondayNov 15, 2021 8:30 am

The Lift & Co. Expo, Largest Industry and Consumer Cannabis Event in Canada, Set to Attract Consumers, Professionals, and the Media This year

The Lift & Co. Expo will be making a comeback in Toronto following a one-year halt. It promises to be better than ever before, offering value to all stakeholders within the cannabis and psychedelics space, from consumers to professionals and business owners. The event builds on Lift & Co.’s previous successful events while taking it a step further. Over 1000 attendees are expected to show up, and over 250 exhibitors have confirmed their participation. This guarantees an opportunity to build brand awareness, explore global expansion opportunities, network, and engage with unique audiences within the cannabis space. At the core of…

MondayNov 15, 2021 8:30 am

Hero Technologies Inc. (HENC) Committed to Safety as Michigan Legislators Look to Restrict Caregiver Cultivation in Growing Market

Michigan lawmakers approve bills designed to restrict medical marijuana cultivation by caregivers Marijuana sales in the state are increasing. Top priority is concern about the safety of untested medical marijuana grown by caregivers. With Michigan seeing record sales this year, the state is looking to provide regulation over the growing market in efforts to ensure quality and safety. Recently, Michigan lawmakers approved bills designed to restrict medical marijuana cultivation by caregivers (https://cnw.fm/0HTjW). Growth and legislation are key points that cannabis company Hero Technologies (OTC: HENC) is paying close attention to, as the company works to strengthen its presence in the state’s…

MondayNov 15, 2021 8:30 am

Cannabis Strategic Ventures Inc. (NUGS) Inks MOU Outlining Strategic Acquisition of Indoor Cannabis Cultivation Facility

Cannabis sales are projected to increase as NUGS makes move to increase premium cannabis production MOU grants rights for NUGS to purchase 10% of the facility at a valuation of $15 million for the entire facility Agreement strengthens company’s status as an emerging leader in the vertically integrated California cannabis marketplace As sales of high-quality cannabis in California, the largest cannabis market in the country, are projected to increase, Cannabis Strategic Ventures (OTCQB: NUGS) is taking strategic steps to ensure its position in the growing space. Most recently, the company inked a Memorandum of Understanding with Devine Solution Inc. with…