NewsRoom Articles - Page 281 of 612

WednesdayMay 12, 2021 4:20 am

420 with CNW — Colorado Governor Enacts Bill Allowing Students Access to Medical Cannabis

Last week, Colorado Governor Jared Polis signed a bill to expand access to medical cannabis for students in schools. The state’s current law allows principals the discretion to establish policies that prevent or allow schools to administer and store marijuana-based medicines. Under the new legislation, this discretion is eliminated, which means that school boards will establish policies on how to store marijuana medicines while also allowing their personnel to volunteer to administer it to students who need it as well as possess it. The governor’s office stated that Polis is also planning to sign another legislation that was recently advanced…

TuesdayMay 11, 2021 4:20 pm

420 with CNW — Limited Medical Cannabis Compromise Bill Sent to Tennessee Governor’s Desk

The state of Tennessee is one step closer to legalizing medical cannabis after the legislature sent a limited medical cannabis bill to the governor's desk. The legislation would expand Tennessee's limited medical cannabis industry and create a commission tasked with analyzing broader medical cannabis reform. Although the bill is a compromise between cannabis reform advocates and those against cannabis reform, the advocates aren't happy that a more comprehensive medical marijuana bill failed to pass. The limited compromise bill would expand the list of qualifying conditions from only intractable epilepsy to include cancer, ALS, Alzheimer's disease, sickle cell disease, inflammatory bowel…

TuesdayMay 11, 2021 1:14 pm

Business Booming in April: Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Lands Tolling Agreement to Extract CBD from 500 Kg Hemp Biomass

CBD-infused products market is expected to grow 48.1% annually to reach $165.7 billion by 2027 Pure Extracts Technologies’ subsidiary recently began production of goods expected to generate approximately $950,000 in revenue New tolling agreement is for extraction of 80-85% pure CBD distillate from an initial 500 kilograms (~1,102 pounds) of hemp biomass Any industry forecast for double-digit growth is one worth keeping an eye on. When experts are calling for mid-double-digit annual market growth, like that of CBD-infused products, it’s worth a head turn and a stare. Meticulous Research this month forecast this market to experience compound annual growth of…

TuesdayMay 11, 2021 4:20 am

420 with CNW — Three Exciting Innovations in Marijuana Extraction

The cannabis industry has made many strides since California made history by legalizing medical marijuana back in 1996. State-legal cannabis is now an industry that is worth billions of dollars, with marijuana businesses selling everything from cannabis flower and edibles to potent extracts. Advances in technology have been especially beneficial for the sector, boosting cannabis extract sales and making them the most popular product among cannabis consumers. The cannabis extraction sector also happens to be one of the most innovative spaces, with manufacturers constantly coming up with new and evolved equipment and techniques to process raw cannabis. The following are…

MondayMay 10, 2021 4:20 pm

420 with CNW — Maryland Court Declares Cannabis Smell Insufficient as Justification for Police Stops, Searches

An appeals court in Maryland has ruled that law enforcement officers aren’t allowed to stop individuals based on the smell of cannabis alone. The decision, which was announced last week, stated that the smell of cannabis didn't give officers egal justification to stop and examine someone. It noted that officers needed “reasonable suspicion” that there was a crime being carried out before they could detain an individual. The court ruled that cannabis smell would no longer be used as a basis to stop or detain someone because cannabis in small amounts has been decriminalized in the state. University of Baltimore…

MondayMay 10, 2021 2:48 pm

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Set to Enter California Market Through Acquisition of Lords of Grasstown Holdings

Pac Roots Cannabis completed acquisition of Lords of Grasstown Holdings on February 19, 2021 Acquisition will provide Pac Roots with foothold in lucrative Californian cannabis market, broaden its product portfolio Californian cannabis market generated total sales of $4.4 billion in 2020, more than double C$2.6bn value of the entire Canadian market last year On February 19, 2021, Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) announced the closing of a share purchase agreement with the shareholders of Lords of Grasstown Holdings Ltd., a well-established cannabis motorcycle lifestyle brand with a tremendous following within the motorcycle and legal cannabis communities (https://cnw.fm/e2y22).…

MondayMay 10, 2021 9:06 am

Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Completes Majority Acquisition of Plant-Based CBD Skincare Brand

GLDFF closes on majority ownership of Fifth & Root Inc. The acquisition of these distribution channels “greatly increases the company’s visibility and reach,” says CEO Fifth & Root brand are ideal match for Golden Leaf and its commitment to produce variety of products for new users as well as seasoned customers In another move designed to advance its Crawl, Walk, Run strategy, Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF) has announced the closing of its previously announced majority ownership purchase of Fifth & Root Inc., a nationally recognized CBD skincare brand based in California (https://cnw.fm/Z7RWG). Golden Leaf is a premier,…

MondayMay 10, 2021 4:20 am

420 with CNW — New York to Generate More Than $240 Million Annually in Cannabis Sales by 2024

According to a recent budget analysis by New York’s comptroller, projections show that the state will be raking in more than $240 million in annual cannabis revenue in the near future. For the first year of marijuana sales, New York is expected to bring in only $20 million in fee and tax collections. This is part of a $26.7 billion evaluation in new revenues that the state is expected to bring in for its 2021/2022 fiscal year, under a budget that the state legislature approved in April. The analysis notes that the new revenue sources with the most substantial fiscal…

FridayMay 07, 2021 4:20 pm

420 with CNW — Israeli-Made Medical Marijuana Inhaler Gets Nod from Canadian Authorities

Although several studies have proven that cannabis can treat conditions such as chronic pain, medical cannabis patients do not have a safe way to consume the plant. Save for taking the cannabis orally, most means of consumption such as smoking the flower and vaping come with a degree of risk. And since a large portion of medical cannabis patients are either older or they have compromised immune systems, any risk could be fatal. Syqe Medical, a pharma-tech company based in Israel, has developed a proprietary medical cannabis delivery device that offers medical marijuana patients a much safer, more precise means…

FridayMay 07, 2021 4:20 am

420 with CNW — Texas House Approves Bill to Reduce Criminal Penalties for Cannabis Possession

Last week, the House in the state of Texas approved a measure that would decrease the criminal penalty for the possession of small amounts of cannabis, in addition to affording residents in the state who have been charged with cannabis possession the chance to expunge it from their records. House Bill 441 applies to the possession of an ounce or less of cannabis. Presently though, possessing up to two ounces of cannabis, which is equivalent to about 57 grams, is classified as a class B misdemeanor, which is punishable by a $2,000 fine and up to six months in jail.…

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