NewsRoom Articles - Page 306 of 604

WednesdayDec 02, 2020 11:30 am

Gage Cannabis Co. Strengthening Presence in Exploding Michigan Market

State recreational marijuana market on track to top $1 billion Michigan could be fastest-growing recreational market per capita outside of California Gage’s current portfolio features 19 Class C cultivation licenses across four cultivation assets, three processing licenses In only one year, Michigan’s new recreational marijuana market is projected to reach — and exceed — $1 billion, second only to California (https://cnw.fm/ewISo). That is good news for Gage Cannabis, a leading vertically integrated operator in the cannabis industry focused exclusively on the Michigan market. "It really is just explosive growth in Michigan," said Sloane Barbour, the chief revenue officer of cannabis industry…

WednesdayDec 02, 2020 10:00 am

Pure Extracts Technologies Corp. (CSE: PULL) Issues Corporate Update Detailing Operations, Product Strategy and Market Conditions

Pure Extracts is a plant-based extraction company located in British Columbia, Canada that focuses on cannabis, hemp, functional mushrooms Pure Extracts’ “Pure Pulls” and “Pure Mushrooms’” branded products expected to be available by end of Q1 2021 Global cannabis extract market size expected to reach USD$28.5 billion by 2027 with CAGR of 16.6%; global functional mushrooms market expected to reach USD$34.3 billion by 2024 with CAGR of 8% Pure Extracts Technologies (CSE: PULL), a plant-based extraction company focused on cannabis, hemp and functional mushrooms, recently released a corporate update for shareholders and interested investors that provides current information on the…

WednesdayDec 02, 2020 4:20 am

420 with CNW — Massachusetts Reaches $1-Billion Milestone in Marijuana Sales

Despite the life-changing events of 2020, the U.S. cannabis industry has remained relatively stable. When the coronavirus pandemic broke out, several industries essentially shut down while others limped on with ever-dwindling revenues, resulting in the worst financial crisis the United States has seen since the Great Depression. One of the few industries deemed “essential,” the relatively young marijuana industry continued operating in spite of the lockdown orders and consistently broke sales records month over month. Cannabis sales in Massachusetts have officially surpassed $1 billion since the recreational cannabis market was launched two years ago on Nov. 20, 2018, says the…

TuesdayDec 01, 2020 4:20 pm

420 with CNW — North Macedonia Could Be Joining the Legalize-Cannabis Bandwagon

Prime Minister Zoran Zaev of North Macedonia stated recently that the government is deliberating about whether to allow the recreational use of cannabis in places frequented by tourists, such as Ohrid, the biggest city on Lake Ohrid, as well as in hospitality places and cafes in the country's capital, Skopje. If the decision is agreed upon, this will make North Macedonia the first country among the Balkans to authorize the recreational use of cannabis. The government plans to use Amsterdam as its model, with plans of implementing strict rules to govern the sector. In an interview with Deutsche Welle, the…

TuesdayDec 01, 2020 4:20 am

420 with CNW — Why You Should Incorporate CBD in Your Fitness Program

We all know that exercising is good for your body and your health. While it isn’t a must for you to go to the gym in order to keep fit, working out is important. Having a fitness goal may make it easier for you to stick to your regimen, but even then you may find yourself needing a little extra encouragement to help you keep pushing. Many people prefer natural supplements for the job as they alleviate pain while also promoting energy levels. Did you know that you can also use CBD to help reduce muscle pain and keep you…

MondayNov 30, 2020 4:20 pm

420 with CNW — Four Predictions for the Future of CBD Products

Since the 2018 Farm Bill legalized the growing and sale of hemp and its different extracts, cannabidiol (CBD) has become immensely popular. Extracted from industrial hemp, a variety of cannabis that is not psychoactive, CBD is part of a group of compounds called cannabinoids that have diverse medicinal properties. Although research into CBD’s medical abilities is still ongoing, plenty of users claim the hemp extract successfully alleviates a variety of conditions, including insomnia, chronic pain and anxiety, among others. Experts have said that the hype for CBD has far outpaced the science, and the FDA has been cracking down on…

MondayNov 30, 2020 9:13 am

Championing Female Representation in Canada’s Emerging Psychedelics Market

There is a global resurgence in the interest in psychedelics. With scientific, medical, and mental health communities revisiting its potential therapeutic benefits, psychedelics are being touted for its potential to treat addictions, mental health, cancer, amongst other ailments. This year alone, Canada experienced its most significant breakthrough with psychedelics after Minister of Health Patty Hajdu granted drug exemptions to four Canadians with terminal cancer to pursue psilocybin therapy. This marked the first known patients to legally use psilocybin since the compound became illegal in Canada in 1974. While the growing interest in psychedelics is exciting, historically the discourse around psychedelics…

MondayNov 30, 2020 4:20 am

420 with CNW — California Court Throws Out Lawsuit Against Marijuana Delivery Services

Back in April 2019, a group of cities in California that have banned recreational cannabis sales sued Gov. Gavin Newsom’s administration. The state allows recreational pot deliveries even in cities that haven’t opted into the cannabis market, and the 24 cities argued that this violated Proposition 64, which allowed recreational sales in California. The lawsuit was filed against the California Bureau of Cannabis Control at the Fresno County Superior Jail. A year after the lawsuit was filed, a Fresno judge has ruled that California’s government is not in the wrong by allowing home cannabis deliveries even in cities/jurisdictions that don’t…

WednesdayNov 25, 2020 4:20 pm

420 with CNW — Longest-Serving Marijuana Offender May Be Released from Prison Soon

Richard DeLisi has spent more than 30 years in prison for nonviolent marijuana offenses. DeLisi was sentenced to 90 years in prison in 1989 after being charged for conspiring to traffic 1,500 pounds of marijuana from Jamaica into America. According to the Florida Department of Corrections, DeLisi may be released on Dec. 4, 2020,, following the worsening conditions of the COVID-19 pandemic in the country and his failing health. A not-for-profit group, Last Prisoner Project, describes DeLisi as the country’s longest-serving marijuana offender. The organization strives for criminal justice reform for cannabis-related offenses. Lawyers from the organization have been working…

WednesdayNov 25, 2020 1:00 pm

As Global Cannabis Sales Grow 38% in 2020, Gage Cannabis Co. Expands to Offer Recreational Marijuana at Flagship Location

Research suggests cannabis sales increased 38% from 2019 to 2020 Gage expanding into fast-growing Michigan market, now offering recreational marijuana at flagship Ferndale location Adult-use cannabis revenues in Michigan projected at $1 billion per year for 2021, surpassing $1.5 billion by 2023 Quarterly sales nearly doubled to $11.9 million in Q2 2020 from $5.8 million in Q1, expected to surpass $13.1 million in Q3 Recent research published by BDSA (formerly BDS Analytics) suggests that the global cannabis industry continues to grow despite COVID-19, with forecasts predicting that 2020 sales will reach $19.7 billion - an increase of 38% from 2019 (https://cnw.fm/92BFe). One…