NewsRoom Articles - Page 273 of 591

WednesdayMar 17, 2021 4:20 pm

420 with CNW — US Firms Gear Up to Enter Legal Mexican Marijuana Market

The wave of cannabis reform sweeping across the world has finally reached Mexico, and some American cannabis operators are already seeing gold. Canada, several states in the United States and some European countries have already legalized cannabis in various forms, and for most legal cannabis markets, cannabis has proven to be an insanely lucrative product. Not only are stakeholders reaping big rewards, but local governments are also receiving millions of dollars in tax revenue from the industry. Last week, the Chamber of Deputies allowed the sale of cannabis products as well as the possession of small amounts of cannabis. Additionally,…

WednesdayMar 17, 2021 3:13 pm

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Takes Milestone Step Toward Offering Product Across Canada

PULL subsidiary has submitted application to Health Canada to amend license to permit sales of product The submission follows recent announcement that Pure Extracts inked distribution agreement with an important Canadian Licensed Producer (“LP”) PULL plans on distributing exclusive vape, edible products to retail buyers across Canada As a result of the its recently inked distribution agreement with an important Canadian LP, Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) through its wholly owned subsidiary, Pure Extracts Manufacturing Corp., will be selling its exclusive, high-quality cannabis extract products to provincially authorized distributors and retailers throughout Canada by the end of April.…

WednesdayMar 17, 2021 1:45 pm

Green Hygienics Holdings Inc. (GRYN) Continues to Strengthen Brand Portfolio through Acquisition of Primordia

GRYN closes acquisition of assets of leading hemp supply cultivation and company Primordia “We are at the forefront of a growing, dynamic new sector within the biotech industry,” says CEO Green Hygienics focused on building strong portfolio in industry expected to reach $15.26 billion by 2027 Green Hygienics Holdings (OTCQB: GRYN) has been working for months to reach an objective — a goal that the company accomplished with the recent announcement that it had closed on the acquisition of certain assets of Primordia (https://cnw.fm/pOKr5). This strategic move brings GRYN a significant step closer to its goal of building a portfolio of e-commerce…

WednesdayMar 17, 2021 4:20 am

420 with CNW — Mexico’s Chamber of Deputies Approves Marijuana Legalization Bill

Last week, the majority of the legislators in Mexico voted to legalize cannabis for recreational purposes, despite some of the legislators rejecting the legislation as they had health concerns. The Mexican Chamber of Deputies passed the bill with 23 abstentions, 129 votes of opposition and 316 votes in favor of the bill. This approval is a step forward by legislators to decriminalize cannabis, with senators having approved another version of the legislation in November last year. There were some changes that were made to the bill that senators voted on in this recent session. Earlier in January, health authorities in…

TuesdayMar 16, 2021 4:20 pm

420 with CNW — Colorado May Soon Make Sweeping Changes to Its Marijuana Legalization Laws

Despite being relatively young, the state-legal cannabis industry in the United States has made plenty of strides in just a couple of years. The industry is incredibly lucrative, earning millions in tax revenue at a time when state coffers are running dry, and creating thousands of employment opportunities. These days, the cannabis market has become flooded with high-potency products, with cannabis retailers in the U.S. selling $797 million worth of concentrates in 2020. According to some lawmakers in Colorado, this trend is worrying, especially for the nation’s children. Back in 2014, Colorado made only 14% of the medical and recreational…

TuesdayMar 16, 2021 10:03 am

#CanndoraConnect Brings Women in Cannabis and Psychedelics Together to Learn and Inspire

#CanndoraConnect: International Women’s Day on March 8th, 2021 offered attendees a unique experience, providing collaboration, networking, inspiration, and advice for women's success in the cannabis and emerging psychedelics industry worldwide. The event featured eleven industry professionals and sold out with over 100 registrants from around the world. The event featured notable panelists who shared their expertise on critical topics, including bringing products to market in Canada and the science behind plant medicine and its role in women's health. Speakers Featured: Susan Chapelle, COO, Purdenza Inc. Dr. Olga Chernoloz, Chief Scientific Officer, Wake Network Tijen Yalchin and Ashley Short, Co-Founders, Earth…

TuesdayMar 16, 2021 4:20 am

420 with CNW — How CBD Oil Differs from CBD E-Juice

Legalized after decades of prohibition by the 2018 Farm Bill, CBD quickly became one of the most popular products on the market. The hemp extract has potent medicinal properties, making it effective against a wide range of medical conditions. Since CBD does not intoxicate users, plenty of people have been using it to help address a variety of issues, with CBD oil and CBD e-juice (vape juices) being among the most popular means of consumption. CBD oil was the original method of consumption when CBD became legal, but industry growth coupled with advances in technology led to the popularity of…

MondayMar 15, 2021 4:20 pm

420 with CNW — Cannabis Stores Benefit from Consumer Loyalty Programs

Ever heard of loyalty programs? This marketing strategy allows brands to offer special offers, discounts and points to their consumers as a reward for brand loyalty. The strategy is being used by regulated marijuana retailers in Canada as well as in the United States. Providing these perks to loyal customers comes at a price, but operators of loyalty program assert that the benefits easily outweigh the costs. Recent data provided by Headset, a cannabis analytics company based in Seattle, demonstrates how loyalty programs influence shopping habits. According to Cooper Ashley, a data analyst from Headset, nearly 50% of marijuana stores…

MondayMar 15, 2021 4:20 am

420 with CNW — Hawaii Senate Passes Bill to Legalize Cannabis, Bill to Broaden Decriminalization Laws

The Hawaii Senate recently passed legislation that would legalize cannabis in the state and that would considerably broaden the current decriminalization laws in the state. Under the first bill, adults would be permitted to grow the plant for personal use as well as possess up to an ounce of marijuana. The proposal got a 20 to 5 vote in the chamber. The second proposal would add onto the existing decriminalization law in the state, which states that the possession of three grams or less of cannabis is punishable by a $130 fine. The Senate approved the proposal to increase this…

FridayMar 12, 2021 4:20 pm

420 with CNW — New Study Suggests CBD May Increase Your Lifespan

As 2018 drew to a close, Congress passed a bill that finally legalized industrial hemp after years of prohibition. Among other things, the 2018 Farm Bill legalized the cultivation and sale of industrial hemp plus its extracts. Soon after, demand for a hemp extract called cannabidiol (“CBD”) boomed to immense heights, based mostly on claims that it had extensive medical benefits. Subsequent studies have found CBD to indeed be effective against everything from anxiety, stress, and insomnia to chronic pain and pediatric epilepsy. While CBD has been proven to be effective against a wide range of medical conditions, does it…