NewsRoom Articles - Page 239 of 541

TuesdayDec 29, 2020 4:20 pm

420 with CNW — No Action Taken Against Marijuana Businesses with Expiring Licenses, Says LA

Regulators in the cannabis industry of Los Angeles have provided no less than 57 firms with a lifeline, a few days after stating that the licensed businesses under consideration would not be permitted to carry out any commercial marijuana activity after Dec. 31 this year. The Los Angeles Department of Cannabis Regulation (DCR) sent an email this week to those license holders stating that it would not proactively report the expired statuses of the said licenses to state agencies or the city’s police department (LAPD). The agency also added that it would not take part in any enforcement action linked…

TuesdayDec 29, 2020 12:41 pm

Gage Cannabis Co. Announces $20 Million Investment from JW Asset Management as Reg A Offering Closes the General Public Access

Gage Cannabis secures minimum $20 million investment from JWAM to expand cultivation and retail footprint, pursue accretive acquisitions, and solidify position as leading operator in the state of Michigan JW Asset Management is widely recognized as one of the premier investors in the cannabis sector In just over a year, Gage operations have grown to five provisioning centers, three cultivation facilities, and one processing facility As general public access for its Regulation A, Tier 2, equity financing closed, Gage Cannabis Co. announced that it has secured a minimum $20 million investment from JW Asset Management LLC (“JWAM”) as part of…

TuesdayDec 29, 2020 4:20 am

420 with CNW — Growing Budget Deficit Could Force New York to Legalize Recreational Cannabis

In the last two years, the debate over the legalization of cannabis for adult use has dragged on in New York State. However, this may take a turn for the better next year as the state’s legislature goes back to Albany, despite the Democrats being divided on various aspects on the issue, which may make negotiations a tad bit difficult. The main concern seems to be how the state will utilize the revenue generated from the recreational-use cannabis industry. According to forecasts from the state, the cannabis industry is expected to generate roughly $300 million each year once the industry…

MondayDec 28, 2020 4:20 pm

420 with CNW — Medical Marijuana Firm Sues Miami Beach Over ‘Unfair Restrictions’

Since 2019, a Florida-based medical marijuana company has waged a legal war against the city of Miami over what it considers unfair restrictions. In three separate lawsuits, Altmed is suing the city to overturn restrictions on the location of cannabis dispensaries and to open a dispensary named Müv at 607 Fifth Street near Washington Avenue. Additionally, Altmed has petitioned a Miami-Dade Circuit Court appellate panel to have a city board’s denial of a variance to get its building permit overturned. Altmed submitted a building permit application in November 2018, holding regular meetings between its contractors and city and zoning officials…

MondayDec 28, 2020 4:20 am

420 with CNW — Retailers Reveal Shortage of Legal Marijuana in B.C. Is Promoting Illicit Trade

According to the British Columbia provincial government, the municipalities of Hope, Whistler, Abbotsford, West Vancouver, Richmond, Surrey, Delta, Pitt Meadows, Coquitlam, and Burnaby as well as the city of Langley still do not provide local access to cannabis, despite cannabis being legalized in those areas two years ago. The lack of storefronts to legally access marijuana encourages the cannabis black market in these areas. Municipalities have the power to reject the sale of marijuana within their borders in the British Columbia Coast, which is frustrating to many firms in the cannabis industry. Co-founder and CFO of Burb Steven Dowsley explains…

WednesdayDec 23, 2020 4:20 pm

420 with CNW — DEA Releases Final Rule on Authorizing Additional Producers of Research-Grade Cannabis

In the United States, researchers who want to study the benefits and side effects of cannabis can obtain the crop from only one source: a single federally licensed cultivation facility at the University of Mississippi. However, there have been numerous complaints that the crop produced by the facility is substandard, with studies finding it to be more genetically similar to hemp than commercial cannabis. Additionally, further studies have found that the cannabis cultivated at the University of Mississippi has lower levels of both THC and CBD compared to commercial cannabis products. In March 2020, the Drug Enforcement Administration (DEA) announced…

WednesdayDec 23, 2020 1:35 pm

Green Hygienics Holdings Inc. (GRYN) Is ‘One to Watch’

Green Hygienics owns the largest single USDA Certified Organic hemp farm in North America, with 824 acres of USDA Certified Organic outdoor cultivation potential and a further 400,000 square feet of greenhouse space. Green Hygienics is a real estate-backed investment with a valuation on the current farm property of $23 million The company has strong revenue growth potential by virtue of its acreage and ability to deliver products year-around through its indoor cultivation space (the average hemp farm in North America is approximately 15 acres). This, coupled with the direction the company is going with its own processing, directly addresses…

WednesdayDec 23, 2020 12:57 pm

Pure Extracts Technologies (CSE: PULL) Signs LOI with PURICA(TM) to Further Research into Mushrooms Wellness Products

Pure Extracts Technologies revealed it had recently retained global consultancy to advise on application for Dealer’s License under Health Canada If granted, license would allow Company to cultivate, conduct research into, commercialize controlled substances Pure Extracts also announced it recently signed LOI to further cooperation with PURICA(TM)( in field of full-spectrum mushroom-derived wellness products and co-develop CBD, mushroom product combinations Partnership would ideally situate Company to benefit from growing consumer interest within functional mushroom - CBD oil wellness product segments Pure Extracts Technologies (CSE: PULL) (XFRA: A2QJAJ), a plant-based extraction company, recently revealed that it had begun the process towards…

WednesdayDec 23, 2020 4:20 am

420 with CNW — Factors to Keep in Mind Before Starting a Marijuana Dispensary

If you have plans to start a business that deals with hemp products or cannabis, you should first look into the limitations, processes and rules involved. The business may have a promising future as various states in the United States have legalized the use of marijuana, with many hoping that others follow suit. In addition to ensuring that you have obtained the permits and licenses required, there are a few more factors that you should consider before beginning a marijuana dispensary. Regulations and rules If you are planning to start your business in the United States, you should note that…

TuesdayDec 22, 2020 4:20 pm

420 with CNW — Senate Approves Cannabis Research Bill

Cannabis has been having a great year compared to other industries. As one of the few industries considered essential during the coronavirus pandemic, cannabis has shown to be surprisingly recession-proof, bringing in millions of dollars in much-needed tax revenue. In addition, voters in five states approved some form of cannabis reform legislation on the November ballot, and shortly after that, the House of Representatives passed a historic cannabis legalization bill that would decriminalize marijuana at the federal level and expunge marijuana-related offenses. Just a week after the House approved the marijuana reform policy, the Senate approved a bipartisan bill designed…