NewsRoom Articles - Page 271 of 604

FridayMay 21, 2021 4:20 am

420 with CNW — How the State of New York Plans to Tax Marijuana

Last month, New York Gov. Andrew Cuomo approved a legislation legalizing marijuana and its possession for individuals aged 21 and above in the states. However, the substance will not be available for legal sale until 2022. The governor and his aides expect that this move will create 60,000 employment opportunities while generating roughly $350 million in tax revenue once the industry’s up and running. While the proposed tax for recreational cannabis in the state isn’t as high as Washington, DC’s tax on the substance, it is higher than the average of the 15 states that have legalized the herb as…

ThursdayMay 20, 2021 4:20 pm

420 with CNW — CBD Firm’s Appeal Could Allow Cannabis, Psychedelics Companies to Get Trademarks Before Legalization

The 2018 farm bill legalized industrial hemp, which is a nonpsychoactive version of cannabis, and its derivatives for cultivation and sale. The law stipulated that, as long as individuals had official approval from their states or tribes, they could cultivate hemp and sell it for use in everything from textiles and clothing to concentrates. Thanks to the federal status of hemp and cannabis, businesses in the space cannot trademark their products — but this may soon change. A CBD company that recently fell afoul of this regulation is now appealing, and if the company wins, the ruling could have implications…

ThursdayMay 20, 2021 9:15 am

Hero Technologies Inc. (HENC) Receives Confirmation of Value of Veteran Hemp Acquisition

Company pleased that independent review has confirmed fair value of Veteran Hemp Co. asset acquisition HENC entered into purchase agreement to acquire all assets of Veteran Hemp Co. in November 2020 Hero Technologies CEO noted that "acquisition is in line with our company's growth strategy of adding accretive assets to our portfolio” Hero Technologies (OTC: HENC), a cannabis company focused on a vertically integrated strategy, has received an independent third-party valuation and purchase price allocation for its acquisition of the assets of V Broker LLC., or Veteran Hemp Co. (https://cnw.fm/hGJwu). "We are pleased that an independent review has confirmed the fair…

ThursdayMay 20, 2021 9:15 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Is Mobilizing 30 Turn-Key Grow Pods to Provide Florida With Premium Cannabis

Florida is the third-largest market by revenue in the US, bringing in over $1.2 billion in 2020 for medical cannabis Once the acquisition of Acreage Holdings is finalized, RWB will mobilize 30 turn-key grow pods for cultivation RWB acquired licenses to open 35 dispensaries in Florida, a limited license state, more than doubling the current number there Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a super state operator of American Cannabis, targets individual states in the United States, dominating one state before expanding into another. The company’s commitment exceeds the requirements of each state in which it operates.…

ThursdayMay 20, 2021 9:00 am

Grapefruit USA Inc. (GPFT) New Affiliate Program Authorizes Hourglass Resellers, Broadens Market

Affiliate program designed to authorize third-party resellers that meet certain guidelines to market, sell exclusive Grapefruit products Program will maximize, facilitate distribution of GPFT’s THC-free, hemp-derived CBD Hourglass-powered products Grapefruit’s program also provides invaluable product training and information On the heels of unveiling its new e-commerce store, Grapefruit USA (OTCQB: GPFT) added to the excitement by announcing a new affiliate program. The program is designed to authorize third-party resellers that meet certain guidelines to market and sell the company’s proprietary THC-free, hemp-derived CBD Hourglass(TM)-powered products (https://cnw.fm/IMw9X). “[Recently] Grapefruit launched a new Affiliate Program to maximize and facilitate distribution of our…

ThursdayMay 20, 2021 4:20 am

420 with CNW — Chamber of Commerce Head Thinks 2021 Illinois Cannabis Sales Could Exceed $1B

Todd Maisch, the CEO and president of the Chamber of Commerce in Illinois, says the total sales of marijuana in the state may easily surpass the $1 billion mark this year, and the monthly figures seem to suggest that the milestone is possible. For example, data collected in March shows that recreational marijuana sales totaled $110 million, and the year is just approaching the halfway mark. One factor that Maisch identifies as helping cannabis sales to hit those high numbers is the lack of legal marijuana programs in states neighboring Illinois. He says when Colorado and Washington launched their programs,…

WednesdayMay 19, 2021 4:20 pm

420 with CNW — Congressional Bill Seeks to Protect Cannabis Consumers from Losing Federally-Assisted Housing

Last week, Rep. Eleanor Holmes Norton reintroduced a legislation that would allow individuals who live in public housing to use cannabis without living in terror of being evicted. Currently, individuals who live in federally subsidized housing are banned from using any controlled substances, even if those substances are in compliance with state law. Additionally, landlords are allowed to evict individuals who do so, regardless of state law. This bill introduced by the congresswoman would change this. The bill would offer protection to individuals who live in Section 8 housing or federally assisted housing from being evicted for using marijuana in…

WednesdayMay 19, 2021 11:56 am

Sonoma Biologics Corp. Benefits from Sonoma County Soil & Sunshine to Produce the Highest Quality Cannabis

Sonoma Biologics is committed to having as close to a zero environmental impact as possible and has diversified from premium wine grapes to cannabis California weather makes it ideal for growing cannabis outdoors, minimizing the need for climate control and artificial lighting The energy required of indoor cannabis factories is positioned to outstrip all California’s wind energy production efforts, even though growing outdoors is 100% viable Growers across the United States are succumbing to what Evan Mills, a writer for Future Tense, calls the “cannabis carbon trap.” In To Make Cannabis Green, We Need to Grow it Outdoors, Mills highlights the harm…

WednesdayMay 19, 2021 9:15 am

Pac Roots Cannabis Corp.’S (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Focus on Premium Genetics, Iconic Branding Differentiates Products in Competitive Marketplace

PACR’s partnership with Phenome One gives it access to world’s most exclusive cannabis genetics PACR’s genetics-based approach to cultivation resulted in 350 tested cultivars, 50 super-elite strains Every ounce of 105,000-pound test run purchased by Speakeasy Cannabis Club Company recently acquired established Lords of Grasstown brand that blends cannabis, motorcycle culture Saturated supply chains and a stream of new market entrants have had little effect on Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a Canadian genetics-focused cannabis company dedicated to producing premium strains and products. PACR uses a “genetics first” approach to cultivation that is critical to…

WednesdayMay 19, 2021 4:20 am

420 with CNW — DEA Announces It May Soon Federally Authorize New Cannabis Manufacturers

The Drug Enforcement Administration (“DEA”) has informed some companies that their applications to become federally authorized manufacturers of cannabis for research purposes may soon be approved. This comes nearly five years after the DEA announced that it was accepting applications for new manufacturers, under former President Barack Obama’s administration. This is a significant development, especially when one considers that no approvals were made under the Trump administration, and this is one of the first marijuana-related moves made by the Biden administration. Groff North America Hemplex LLC, the Scottsdale Research Institute and the Biopharmaceutical Research Company were some of the companies…

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