NewsRoom Articles - Page 276 of 617

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…

TuesdayJun 22, 2021 11:43 am

The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Sits in Top Independent Spot in Alkaline Water Space

WTER 2020 FY revenues make company largest alkaline water company in the U.S. In addition, the brand is one of the top-10 largest enhanced water brands in the country Research shows that Alkaline88 has the greatest brand loyalty among alkaline water drinkers With its most recent financial report, The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER) is now the largest independent alkaline water company in the nation, having reported 2020 FY revenue of $41.1 million, which represents a 28% increase year over year. Leading the pack is an impressive accomplishment, especially when the market is projected to reach $1 billion…

TuesdayJun 22, 2021 4:20 am

420 with CNW — Canadian Firms Hope the US Eases Marijuana Restrictions

After decades of prohibition and intense policing, the American states are finally loosening restrictions against cannabis. So far, 36 states allow medical marijuana, 16 states have legalized recreational medical cannabis, and several more states are considering whether or not to pass cannabis legislation. The state-legal cannabis sector has been insanely profitable so far, earning billions of dollars in revenue and providing states with plenty of tax revenue, even amid the coronavirus pandemic, while other industries faltered. Consequently, cannabis firms from the Great White North have been eyeing the U.S. market, waiting for the government to pass federal decriminalization laws before…

MondayJun 21, 2021 4:20 pm

420 with CNW — California to Repair Drug War Ills Using Cannabis Taxes

Last week, the state of California revealed that it would be awarding roughly $29 million in grants funded by cannabis tax revenue to more than 50 not-for-profit organizations in an attempt to repair the harms of the drug war. The Governor’s Office of Business and Economic Development will be in charge of allocating the funds, which will be offered through the state’s Community Reinvestment Grants program. The notice released by the state states that the grants to be awarded will serve communities that have been disproportionately impacted by the war on drugs. It explains that the harsh state and federal…

MondayJun 21, 2021 11:29 am

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Focused on Building Leading U.S. Ecosystem

Recent agreements have been strategic steps taken by BEV to position itself in growing U.S. market Agreements involve key manufacturing, distribution, fulfillment partners TRACE products feature the company’s alkaline, plant-based mineral beverages and nutraceuticals Committed to creating a powerful ecosystem focused on developing and manufacturing alkaline, plant-based, and cannabinoid beverages and supplements, BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) has announced a number of agreements recently. Each agreement has been part of a strategic business plan as the company moves into the United States and strengthens its position as a leading resource of high-quality health and wellness beverages and…