NewsRoom Articles - Page 277 of 596

MondayMar 22, 2021 4:20 pm

420 with CNW — NY Medical Cannabis Firms Propose That Legislature Allow Them to Kick-Start Recreational Market

As the state of New York contemplates legalizing cannabis for recreational use, medical marijuana companies are working on persuading the state’s legislature to afford them a stake in the new market. Rather than wait for new marijuana growers to begin from the ground up, the medical marijuana companies stated that they could utilize their already existing infrastructure to provide the new market with a boost. The New York Medical Cannabis Industry commissioned a pair of reports that assert that allowing medical marijuana firms into the recreational marijuana market in the state as soon as possible would jumpstart new employment opportunities…

MondayMar 22, 2021 1:36 pm

HempFusion Wellness Inc. (TSX: CBD.U) (OTC: CBDHF) (FWB: 800) Enters China with Probulin Probiotics

HempFusion Wellness Inc. has announced the launch of certain Probulin Probiotics products in China to be sold on Alibaba Group Holding’s Tmall Global Tmall offers a number of features and advantages, which will be pivotal in helping HempFusion earn significant revenue Probulin Probiotics is recognized as one of the fastest-growing probiotics brands in the United State Natural Products Industry, according to SPINS syndicated data, and by entering the Chinese market, HempFusion hopes to replicate this growth in the vast Chinese marketplace The Chinese probiotics market is booming and is expected to reach $12.75 billion in 2022, up from $6.47 billion…

MondayMar 22, 2021 12:59 pm

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) Acquires Iconic Grasstown Brand, Closes $1.34M Private Placement

PACR recently closed share purchase agreement to acquire Lords of Grasstown Holdings Ltd. Lords of Grasstown is iconic brand with loyal following anchored in motorcycle culture of Pacific Northwest PACR closed non-brokered private placement with aggregate gross proceeds of $1,340,685.90 Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF), a Canada-based cannabis company dedicated to producing premium-quality strains and products through a genetics-focused approach, recently announced the closing of a share purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd. whereby the company will acquire all its issued and outstanding shares. The company also announced the closing of its previously…

MondayMar 22, 2021 11:43 am

Pure Extracts Technologies Corp.’s (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Subsidiary Pure Mushrooms Corp. Submits Application to Health Canada for a Dealer’s License

Pure Extracts Technologies Corp.’s subsidiary Pure Mushrooms Corp. has submitted an application to Health Canada for a Dealer’s License Award of a Dealer’s License will enable company to procure controlled substances, conduct research, carry out business-to-business sales Pure Extracts has recently commenced a study into psilocybin-based active treatments, with research set to be carried out under auspices of Toronto Institute of Pharmaceutical Technology Functional mushroom, psychedelic drug market is forecast to grow to value of $6.85 billion by 2027 Pure Extracts Technologies (CSE: PULL) (XFRA: A2QJAJ) (XFRA: A2QJAJ), a plant-based extraction company focused on the cannabis, hemp, functional mushrooms and…

MondayMar 22, 2021 4:20 am

420 with CNW — Wyoming House Committee Passes Republican-Sponsored Cannabis Legalization Bill

Last week, a Wyoming House committee passed a legislation to legalize cannabis and discussed another proposal that would require that state agencies research and issue recommendations on allowing medical marijuana.The adult-use legalization bill’s lead sponsor is the chair of the Judiciary Committee. The legislation would allow individuals aged 21 and above to buy and possess up to 3 cannabis ounces and grow up to 12 mature cannabis plants for personal use. The proposal, which was co-sponsored by other top Republican legislators and the House speaker, got a 6-3 vote after receiving testimonies from the public and state agencies, which included…

FridayMar 19, 2021 4:20 pm

420 with CNW — Study Says Marijuana Legalization Has No Adverse Effects on Outcomes of Army Recruits

Although the country has seen a wave of cannabis reform sweep through its states for the past few years, not everyone is a fan of legal weed. Opponents have claimed that legalizing cannabis would increase drug abuse among the youth and lead to a boost in criminal activity. However, most studies have found that not to be the case, with legal cannabis markets helping people deal with issues such as chronic pain, creating thousands of job opportunities and providing states with millions of dollars in tax revenue. A new study has found that cannabis use in legal markets has not…

FridayMar 19, 2021 4:25 am

420 with CNW — Legal Marijuana Deal Close as NY Lawmakers Discuss Impaired Driving

The legislature in New York State is close to finalizing an agreement on a draft law aimed at legalizing marijuana in the state, according to Andrea Stewart-Cousins, Majority Leader of the state senate. Stewart-Cousins revealed that a consensus, followed by a floor vote, was imminent once the lawmakers agree on the way safety and traffic stops will be handled when marijuana is legalized for recreational adult-use. The current disagreement has to do with how people driving under the influence should be treated. Some say impaired driving should be regarded as a normal traffic infraction while others insist it should be…

ThursdayMar 18, 2021 4:20 pm

420 with CNW — Vermont Legislators Introduce Bill to Decriminalize Drugs

Legislators in Vermont have introduced legislation that would put an end to criminal penalties on small amounts of illegal drugs. The bill, which was introduced last week, states that the dispensation and possession of small drug amounts would be subject to a referral to a substance-use health and screening service or a fine of up to $50 dollars. The legislation, dubbed H. 422, is sponsored by Reps. Logan Nicoll, Selene Colburn and 12 other legislators. Supporters state that the measure offers a public health approach to overdose deaths and drug use disorders. In an email to a news outlet, Nicoll…

ThursdayMar 18, 2021 10:50 am

Pac Roots Cannabis Corp.’s (CSE: PACR) (OTCQB: PACRF) Acquisition of Lords of Grasstown Provides Competitive Advantage in Rapidly Growing Cannabis Market

Global cannabis market projected to reach $90.4 billion by 2026 with a CAGR of 28% PACR recently acquired iconic Lords of Grasstown brand that blends cannabis and motorcycle culture PACR uses genetics-based approach to cultivation, catalog includes 350 tested cultivars and 50 super-elite strains Company recently acquired 250 acres in Fraser Valley B.C. in process of completing 20,000 square foot cultivation facility The global cannabis market is projected to reach $90.4 billion by 2026 with a CAGR of 28% over the forecast period (https://cnw.fm/YLooO), and branding is expected to play a critical role in success as more players enter the market. Pac…

ThursdayMar 18, 2021 4:20 am

420 with CNW — Could Cannabis Legalization in Mexico Force a Federal Policy Change in Washington?

Mexico may soon become the biggest legal cannabis market in the world after the country’s Chamber of Deputies approved a legislation last week that would legalize recreational sales of cannabis. The Senate is expected to support the legislation in the days to come. Mexico president Andrés Manuel López Obrador from the MORENA party strongly supports the bill. The president is expected to sign the legislation in the coming days. Many speculate that this move may pressure President Joe Biden to federally legalize the plant in the United States as well since the country will be sandwiched between the two largest…

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