NewsRoom Articles - Page 273 of 615

ThursdayJun 24, 2021 4:20 pm

420 with CNW — Oregon Marijuana Tax Collection Shatters Annual Record with Two Months to Spare

Marijuana tax collections in the state of Oregon have hit a new fiscal year record, having collected $15 million in April this year, which brings the total to about $146 million. Last year, the state of Oregon collected a total of roughly $133 million in taxes. At the start of the pandemic, marijuana sales in Oregon increased by 52% in the April to June period, in comparison with the April to June 2019 sales. In the two quarters that followed, increases of roughly 38% were also observed. Economists in the state acknowledged that at the start of this year, sales…

ThursdayJun 24, 2021 3:36 pm

Hero Technologies Inc. (HENC) Moves to Strengthen Position in Billion-Dollar Market

Sales milestone represents licensees’ ability to successfully support a safe, accessible and effective adult-use industry Billion-dollar mark was reached despite 60-day shutdown of recreational cannabis industry due to COVID-19 Earlier this year, Hero Technologies formed MassCannabis to explore potential opportunities, projects in the state Late last year, the nonmedical cannabis market in Massachusetts hit a significant milestone: $1 billion in sales since the state voted to legalize the substance — this even though the state was one of only a handful that closed cannabis shops for a period of time because of COVID-19 (https://cnw.fm/KOUK1). Sales in the space have continued…

ThursdayJun 24, 2021 3:02 pm

The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Announces Plans to Join Russell Microcap Index

WTER to join Russell Microcap Index effective June 28, 2021 Addition to prestigious microcap Index will only heighten awareness of WTER stock on Wall Street Membership in Russell Microcap Index includes automatic listing in other appropriate growth and value style indexes The country’s largest independent alkaline water company, The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER), will join the Russell Microcap(R) Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, 2021 (https://cnw.fm/hZI82). The Russell indices are heavily used and relied on by investment managers as well as institutional investors. “We…

ThursdayJun 24, 2021 9:00 am

Grapefruit USA Inc. (GPFT) Accepts Crypto Payments on New E-Commerce Site

GPFT customers can convert crypto of choice at checkout to make online purchases. Announcement demonstrates company’s outreach to growing demographic of early adopters, younger buyers. Grapefruit is building a well-earned reputation for pioneering future-looking ideals and products. In an industry known for embracing the use of cryptocurrency (https://cnw.fm/nMhx5), Grapefruit USA (OTCQB: GPFT) joined other leaders in the cannabis space in paving the way forward when it announced that it is accepting cryptocurrency as payment on its recently launched e-commerce store (https://cnw.fm/rONPW). The company noted that its customers who prefer Bitcoin, Ether, Bitcoin Cash, Litecoin, Dogecoin or Monero will now be…

ThursdayJun 24, 2021 4:20 am

420 with CNW — As States Legalize Cannabis, Federal Trafficking Cases Dwindle

A recent analysis conducted by the U.S. Sentencing Commission (“USSC”) has observed a decline in the number of federal cannabis trafficking cases from last year as more states legalize cannabis. The organization, which is an independent agency of the government’s judicial branch, conducted an analysis of the number of drug trafficking convictions and discovered that last year, there were 1,118 marijuana cases, a 67% decline from the numbers recorded since 2016. Advocates of legalization maintain that the year-over-year decrease correlates with the increasing number of states that have enacted legalization, in addition to reflecting the deprioritization of the feds in…

WednesdayJun 23, 2021 4:20 pm

420 with CNW — Everything You Ought to Know About the Marijuana Entourage Effect

Cannabis has become extremely popular over the past decade thanks to chemical compounds called cannabinoids. Produced by plants in the hemp family, these compounds interact with the body in unique ways and give rise to a variety of effects. THC is the main psychoactive compound responsible for marijuana's intoxicating effects while cannabidiol (“CBD”) is medicinal and is claimed to be effective against a wide variety of symptoms. Cannabis actually produces more than 100 cannabinoids as well as terpenes and flavonoids, but because of its federal status as a Schedule I controlled substance, little research has been conducted into these lesser-known…

WednesdayJun 23, 2021 4:20 am

420 with CNW — Massachusetts Regulators Extend Cannabis Telehealth, Curbside Pickup

At the onset of the coronavirus pandemic last year, the Massachusetts Cannabis Control Commission permitted medical cannabis patients to access telehealth appointments and have their prescriptions delivered for curbside pickup in an attempt to increase safety. Consumers were allowed to place their orders either online or via phone; they could then pick up those orders curbside at the stores. Now, the agency notes, the measures will be allowed to continue for an extended period, despite the State of Emergency declared by Gov. Charlie Baker of Massachusetts coming to an end. The State of Emergency was initially declared in the state…

TuesdayJun 22, 2021 4:20 pm

420 with CNW — Medical Marijuana Activists in Pennsylvania See Workers’ Comp. Decision as a Win

Thirty-six states in America have legalized cannabis for medical use, and an estimated 3.6 million individuals are registered as medical cannabis patients in the United States. However, federal law classifies cannabis as a Schedule I controlled substance with no accepted medical use; cannabis is ranked right alongside hard drugs such as cocaine and heroin. Consequently, insurance companies refuse to cover individuals who use medical cannabis to treat work-related injuries. Instead, most of these patients have to pay for their medical cannabis out of pocket. In Pennsylvania, however, a workers' compensation judge made a historic and possibly precedent-setting ruling after declaring…

TuesdayJun 22, 2021 1:19 pm

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Broadens North American Footprint, Launches New Multi-Packs

Global functional water market forecast to reach $158.28 billion in 2023 Through its wholly owned subsidiary, Naturo Group, BevCanna offers full line of alkaline and plant-based mineral-infused waters within functional water market North American distribution network expanded significantly in recent weeks via agreements with Koyo Foods throughout Ontario and Quebec and Benefit Brand Management in populous U.S. cities In response to consumer demand for more options, BevCanna is launching new line of multi-packs for sale throughout Canada There is always something on the market that health-conscious individuals crave to put in their body, whether it has anecdotal or clinical rationale…

TuesdayJun 22, 2021 12:46 pm

Grapefruit USA Inc. (GPFT) Provides Status Update of Joint Venture, Possible Acquisition

Earlier this year, Grapefruit was approached by a Canadian cannabis company about a potential acquisition A series of events have delayed the process Final decisions, details should be discussed in the next 30–60 days Grapefruit USA (OTCQB: GPFT), a premiere, fully licensed, California-based cannabis company, is providing clarification regarding its previously announced potential acquisition transaction by a Canadian cannabis company (https://cnw.fm/fBgjm). Earlier this year, Grapefruit announces that it had been approached by a Canadian cannabis company to enter into discussions concerning a potential acquisition transaction (https://cnw.fm/kYChd). At the time, Grapefruit CEO Bradley J. Yourist noted that "Grapefruit is not surprised…

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