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TuesdayJul 16, 2019 9:00 am

With 10,000 Licenses Issued, California Reflects the Growing Power of Hemp

CannabisNewsWire Editorial Coverage: As hemp production increases, Californian legislators have extended the duration of thousands of cannabis cultivation licenses to support the state’s thriving industry. Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile) is supporting many of these companies that have cultivation licenses by providing cultivation and extraction equipment. Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), one of the biggest companies in the sector, is increasing its growing capacity while helping educate about medicines. Cronos Group Inc. (TSX: CRON) (NASDAQ: CRON) is leaning into new technology, with new facilities for R&D and processing. The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) (TGODF…

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TuesdayJul 16, 2019 9:00 am

Waves of CBD Beauty Products Filling Shelves of Major Retailers Across the US

CannabisNewsWire Editorial Coverage: Mainstream retailers across the United States are embracing the growing popularity of the nonpsychoactive cannabinoid, cannabidiol (CBD), making room for CBD products on their prominent shelves. With the rise of these cannabis beauty products, major stores from luxury retailers Barney’s and Neiman Marcus down to Walgreens, Rite Aid and now Kroger are stocking products from a range of CBD SKU producers, including Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) (GGBXF Profile), Charlotte’s Web Holdings (TSX: CWEB) (OTCQX: CWBHF), CannTrust Holdings Inc. (TSX: TRST) (NYSE: CTST), Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) (OGI Profile) and HEXO Corp.…

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TuesdayJul 16, 2019 4:20 am

420 with CNW – Senate Could Hold Hearings on Cannabis Banking Later this Month

The Senate Banking Committee could schedule hearings on bipartisan legislation on cannabis banking in as little as two weeks. This revelation was made by the chairman of that committee, Mike Crapo (R-ID) as he talked to American Banker. Crapo said that he was looking into the prospect of scheduling a hearing on the matter and added that the hearings will be “relatively soon.” This statement marks a huge change of heart for the senator from Idaho who is on record saying (in April) that he wouldn’t commit his committee to holding sessions on marijuana banking as long as marijuana is…

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MondayJul 15, 2019 4:20 pm

420 with CNW – Witnesses and Lawmakers Share Views on Federal Marijuana Policy Reform Strategy

Last week, the Crime, Terrorism and Homeland Security sub-committee of the powerful House Judiciary Committee held a landmark session in which they listened to testimony from a variety of experts on how marijuana prohibition could be brought to an end federally. This hearing was largely focused on evidence, unlike previous Congressional discussions on the matter that largely seemed to be driven by scaremongering. However, there were some disagreements regarding the strategy that should be used to legislate marijuana policy reforms. For example, Rep. Tom McClintock (R-CA) argued that the Democrats were wrongly framing the issue along racial lines and this…

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MondayJul 15, 2019 1:37 pm

VPR Brands LP (VPRB) Launches HRB Turbo Dry Herb Vaporizer, Welcomes Marijuana Decriminalization Bill

VPR Brands develops products for the vaping market The company recently launched its new dry-herb vaporizer VPR continues to experience strong financial results as it builds its product portfolio VPR Brands LP (OTC: VPRB) is a technology holding company based in Fort Lauderdale, Florida, that continues to drive scale across diverse high-growth verticals. With its award-winning design and diligent product innovation, VPR Brands offers investors a gateway to the vape products marketplace. VPR Brands boasts an extensive portfolio of tested vaporizer products. Its product suite includes Helium, HoneyStick, Vaporin, Vaporx, GoldLine and GoldLine Hemp products and brands. VPR is taking…

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MondayJul 15, 2019 12:50 pm

What’s the Deal with CBD Water?

Apparently, you can put CBD in just about anything. If topical creams, candies, and flower weren’t enough, a few genius brands have figured out how to infuse CBD into water. This is a mildly amazing feat, considering that oil and water typically don’t mix. Perhaps needless to say, a little science is necessary to unite the two together. To successfully merge CBD in a water substance, manufacturers use a special kind of nanotechnology to emulsify CBD particles with another water-soluble compound. The result is an antioxidant-infused water with evenly dispersed amounts of CBD. This nanotechnology was originally developed as a…

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MondayJul 15, 2019 12:40 pm

Golden Developing Solutions Inc. (DVLP) Completes First Phase of Vertical Integration

Golden Developing Solutions has strategically integrated its CBD-related services and ventures DVLP recently launched an online portal and websites to strengthen its online presence The worldwide legal cannabis market is expected to reach $146 billion by the end of 2025 Golden Developing Solutions Inc. (OTC: DVLP) has strategically integrated all functioning entities under one management roof (http://cnw.fm/vBr5G). This move is expected to add more structure to the company, as all divisions will be under the supervision of a central organization, leading to better growth and higher returns on investment. DVLP CEO Stavros Triant stated that all brands under DVLP will function…

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MondayJul 15, 2019 12:06 pm

Earth Science Tech Inc. (ETST) Reports 66.4% Increase in Sales, 52.9% Jump in Gross Profits

ETST product sales rose to $770,635 for fiscal 2019, up from $463,108 in the previous year The company cited expanded distribution, increased customer awareness and rising demand for branded, high-grade, full-spectrum cannabinoid products as reasons for the improvement ETST’s cost of revenue rose as sales grew, but the company maintained a gross margin of 38.2 percent for the fiscal year Earth Science Tech Inc. (OTCQB: ETST), a biotech company focused on the nutraceutical and pharmaceutical fields, reported a 66.4 percent rise in revenues to $770,635 for the 12 months ended March 31, as compared to $463,108 for the same period…

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MondayJul 15, 2019 11:25 am

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Named ‘Premier Edibles Brand to Watch’ by Technical420

Technical420 is bullish on aggressive growth as Plus Products expands into Nevada through a definitive agreement with TapRoot Holdings Entry into Nevada is forecast to be a growth driver for the company and a key step toward building an internationally recognized brand PLUS is also purchasing an option to buy cannabis oil producer Emerald Bay Wellness and the business assets of Emerald Bay Extracts Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), manufacturer and marketer of cannabis food products, was identified as a ‘premier edibles brand to watch’ in a bullish analysis by Technical420 that cites the company’s growth into Nevada…

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MondayJul 15, 2019 4:20 am

420 with CNW – Group Announces Intention to Initiate Ballot Measure to Legalize Recreational Marijuana in Arkansas

A marijuana education and advocacy group in Arkansas has announced that it plans to file two petitions with the state government so that recreational marijuana can be legalized through a ballot measure. The second petition covers the expungement of marijuana-related convictions. Drug Policy Education Group (DPEG), the nonprofit planning the petitions, says that they had initially wanted to have both issues (legalization and expungement) in the same initiative. However, their legal advisors recommended that they submit separate petitions since it would be hard for the Attorney General to approve a petition which has a constitutional amendment within another proposed amendment.…

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