NewsRoom Articles - Page 237 of 602

ThursdaySep 23, 2021 4:20 pm

420 with CNW — 80 Leading Law Enforcement Officials Call on Supreme Court to Take on Safe Drug Injection Case

America’s response to the drug-abuse epidemic has been woefully inefficient and, according to most experts, counterproductive. Since 1999, nearly 841,000 people have died from a drug overdose, and the country’s choice to address drug abuse and addiction as a criminal issue rather than a health matter has only exacerbated the problem. As it is widely acknowledged that the war on drugs was an unmitigated failure, drug-reform experts have proposed numerous public health-focused solutions that would see individuals suffering from drug addiction are given the proper medical care they deserve. One of these solutions has been quite controversial and faces an…

ThursdaySep 23, 2021 9:40 am

Simply Sonoma Inc. Establishing Organic Presence in Multibillion-Dollar CBD Industry

Statista report notes that the global cannabidiol market size is expected to expand at a compound annual growth rate of 21.2% from 2021 to 2028 Increasing awareness of CBD’s therapeutic benefits have influenced buyers to buy cannabidiol products, regardless of their cost Simply Sonoma, a CBD company focused on building a reputation as a leader in plant-based medicinal health and beauty products A recent Yahoo.finance article touted the growth of the CBD market, a sector that has seen steady growth even during the pandemic (https://cnw.fm/0O8Oi). Titled “CBD Market to Grow to $16 Billion by 2026 — Should You Invest?,” the…

ThursdaySep 23, 2021 9:00 am

Sugarmade Inc. (SGMD) Signs Agreement to Gain Key Licenses for Planned Cannabis Delivery Expansion

SGMD anticipates using the licenses for three new vertically integrated Nug Avenue cannabis delivery hubs Each of the licenses can be used for up to three of five categories of licensed cannabis-related business activities Definitive agreement aligns with announcement that Sugarmade has acquired LA property for first of new Nug Avenue cannabis delivery hubs In its continued focus on building is cannabis delivery interests, Sugarmade (OTC: SGMD) has signed a definitive agreement to obtain three nonstorefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation (“DCR”), along with corresponding licenses from the California Bureau of Cannabis Control (“BCC”)…

ThursdaySep 23, 2021 4:20 am

420 with CNW — Hemp Industry Experts Say Regulations Would Boost Sector

For nearly a century, hemp has been at the mercy of prohibitionist policies that outlawed the cultivation and sale of industrial hemp in America. But after the 2018 Farm Bill legalized hemp and allowed states that were interested to create hemp programs, a robust industry quickly grew around the plant. By the end of 2020, the U.S. hemp industry had generated nearly $10 billion in sales, partly due to the rising popularity of cannabidiol (“CBD”), a hemp extract said to have potent medical properties. However, the industry is barely regulated by the federal government. Each state has its own rules,…

WednesdaySep 22, 2021 4:20 pm

420 with CNW — How Hemp Growers Can Safeguard Produce from Disasters

Floods and hurricanes affecting states in the East and drought conditions prevailing across the country, particularly in the Western region, have made this year’s conditions for crop production unpredictable. To protect their investments, cannabis and hemp producers are working to secure insurance for their crops. However, this is not an easy feat, considering hemp has been federally illegal for a longer period of time than it has been legal. Hemp was legalized under the 2018 Farm Bill, which allowed producers to pay for private insurance policies as well as secure crop insurance through the Department of Agriculture. As more states…

WednesdaySep 22, 2021 9:15 am

American Cannabis Partners Does Things Differently, Cash Positive and Focused on People

ACP created a cash flow positive model that protects shareholders Privately owned American Cannabis Partners (“‘ACP”), a multistate operator creating a sustainable Jamaican cannabis experience, has created a cash flow positive business model that protects shareholders and the company regardless of the fluctuations in the industry. ACP’s CEO, Stephen Jordan worked in the cannabis business for three years in Jamaica. He brought those relationships, and employees with 30-40 years of experience in cultivation, back with him to California when recreational cannabis became legal in 2018. The company currently operates in Northern California and Michigan with plans to expand into a…

WednesdaySep 22, 2021 9:15 am

Flora Growth Corp. (NASDAQ: FLGC) Makes Early Leap into Expected Opening of Cannabis Trade in Panama

Flora Growth Corp., a cannabis company with low-cost cultivation and global distribution, recently reached a non-binding LOI with Panamanian importer and distributor Robust Farms Inc. to supply product from its portfolio Panama is a country on the verge of opening to medical marijuana sales and the first in Central America to open a regulated market following legislation approved without a dissenting vote by the National Assembly Flora Growth maintains a large licensed outdoor operation in Colombia, from which it cultivates cannabis that will be used in a variety of branded products Flora Growth has been increasing its international outlets, including…

WednesdaySep 22, 2021 9:00 am

Sugarmade Inc. (SGMD) Releases Shareholder Update Spotlighting Company Milestones

Nug Avenue has picked up more than 10,000 new unique members as of the end of June, significantly exceeding initial projections Sugarmade has opened an escrow account for the purpose of acquiring property in California to be used for delivery hub SGMD has taken steps toward making an offer on licenses for the state of Oregon A growing cannabis delivery service, new commercial licenses and expansion into Oregon were highlights of a recent update provided by Sugarmade (OTC: SGMD). The emerging leader in the vertically integrated California cannabis marketplace released an update for current and prospective shareholders containing details of…

WednesdaySep 22, 2021 4:20 am

420 with CNW – Biden Admin Asks Qualifying Marijuana Convicts to Apply for Presidential Pardon

The Federal Bureau of Prisons has asked individuals who are eligible to apply for clemency. This comes after the Biden administration granted presidential relief to individuals on home confinement for federal drug convictions. Individuals with drug convictions who had almost four years left to complete their sentences entered into home confinement under the CARES Act. In an interview, Weldon Angelos, whose cannabis-related conviction was pardoned by former President Donald Trump in 2020, stated that in recent days about 1,000 individuals had been asked to report to their designated halfway houses to fill out clemency forms. Angelos is working with the…

TuesdaySep 21, 2021 4:20 pm

420 with CNW — Italy Set to Legalize Marijuana Home Cultivation

Italian drug-reform activists recently scored a major win after the Lower House’s justice committee approved a reform that allows the small-scale cultivation of cannabis at home. Aside from allowing individuals to grow up to four female plants at home, the reform also increases the penalties associated with dealing in and trafficking cannabis and raised the maximum sentence from six to 10 years. The reform, which was introduced by Italian MP Riccardo Magi, means Italy is now one of the first nations in Europe to decriminalize the cultivation of cannabis for personal use. Although this is quite a significant achievement, pro-cannabis…