NewsRoom Articles - Page 307 of 591

WednesdaySep 23, 2020 4:20 am

420 with CNW – First-of-a-Kind Cannabis Microbusiness Cleared to Open in Michigan

Months after recreational cannabis sales started in Michigan, sales are booming with the Marijuana Business Factbook estimating the state’s 2020 adult-use sales will total between $400 million - $475 million, growing to $1.9 billion - $2.4 billion by 2024. Michigan offers a variety of license types for the adult-use market depending on the size of the business and until very recently, the state hadn’t yet awarded a cannabis microbusiness license. This is a type of license that allows a single business to grow its own supply of up to 150 plants, process, package, and sell the final product to customers.…

TuesdaySep 22, 2020 4:20 pm

420 with CNW – Illinois Breaks Yet Another Monthly Cannabis Sales Record

According to a Department of Financial and Professional Regulation report from the state of Illinois, cannabis sales in the state this past month of August have yet again broken another monthly record. The report which was released on Tuesday showed how marijuana sales in the state had been increasing each month, despite the ongoing coronavirus pandemic. Last month, consumers bought more than 1.3 million cannabis products whose value was calculated to be about $64 million. Out-of-state sales (to visitors) were recorded to be roughly $17 million. The previous sales record was $61 million, which was recorded in July. The data…

TuesdaySep 22, 2020 1:32 pm

PacRoots Cannabis Corp. (CSE: PACR) Reveals Progress of Planting on 100-acre CBD Hemp Site in British Columbia

PacRoots Cannabis entered into a 60:40 joint-venture with Rock Creek Farms to plant premium hemp CBD plants on 100-acre site in British Columbia As of mid-June, approximately 130,000 seedlings have been planted with initial harvest set to take place October 15, 2020 Initial harvest expected to yield between 500,000-700,000 pounds of biomass Totality of harvest yield is already under sale to local processor at fair market rate Proceeds from JV will initially go towards repaying PacRoots’ capital contribution with profits thereafter split along terms of the JV PacRoots Cannabis (CSE: PACR), a Canada-based company dedicated towards producing premium-quality strains and…

TuesdaySep 22, 2020 4:20 am

420 with CNW – Activists to Halt Legal Challenge to Utah’s Cannabis Legalization Initiative

Back in 2018, Utah’s legislature passed a bill to legalize medical marijuana in the state and the move was met with quite the resistance from legalization advocates. Although voters in the state had voted to legalize medical marijuana via Proposition 2, state legislators supplanted it with the Utah Medical Cannabis Act, a more tightly controlled plan for providing marijuana-based treatment. According to Gov. Gary Herbert, the legislation acted as a bridge between opponents of Proposition 2 such as The Church of Jesus Christ of Latter-Day Saints and those who supported the initiative. However, groups like Together for Responsible Use and…

MondaySep 21, 2020 4:20 pm

420 with CNW – How Switching to Hemp Paper Could Result in a Sustainable Future

Despite the fact that we are living in a digital age, the most digital our world has ever been, our paper consumption has grown in the last 2 decades by 126%. Each year, approximately 208 million tons of paper are used globally. Many of these products of paper are single use and after, they are thrown away. So, is there a more environmentally friendly way of making paper that does not involve cutting down billions of trees every year? Yes, paper made from hemp. In early American history, hemp paper was commonly used. However, the legal restrictions that have been…

MondaySep 21, 2020 4:20 am

420 with CNW – How Barcode Labels Improve Marijuana Security and Traceability

Despite being insanely profitable, the nascent cannabis industry still has plenty of kinks to work out. At the moment, the industry lacks a cohesive, nationwide regulatory structure and this has allowed plenty of lower quality products to slip through. Studies have found that a statistically significant portion of cannabis products on the market are either contaminated with heavy metals or do not contain what is stated on their labels. That’s what makes third party testing coupled with barcode labeling so crucial to the industry’s long term survival. Cultivators, processors, and distributors are already required to track their products at every…

FridaySep 18, 2020 4:20 pm

420 with CNW – Vermont Assembly Approves Expanding Marijuana Expungement, Decriminalization Provisions

Last Friday, the Vermont House gave an early approval to a proposal that would issue automatic expungements of cannabis convictions, thus allowing people to possess and also grow more marijuana without the risk of getting jailed for a longer time than is allowed. In the bill, people who have been convicted for cannabis possession for amounts up to 2 ounces, 4 fully grown marijuana plants and 8 immature plants before January 2021 will have their records cleared automatically, and the individuals who are granted expungements will be notified through the mail. Despite the state legalizing possession of up to an…

FridaySep 18, 2020 4:20 am

420 with CNW – Missouri Injects $2.1M from Medical Marijuana Taxes into Veterans’ Health Programs

For most states that legalized either recreational or medical cannabis, earning tax revenue wasn’t the endgame. Although sales tax wouldn’t hurt, especially now that the coronavirus pandemic has drastically affected the economy, plenty of states pledged to use some of the tax revenue derived from cannabis sales to fund social justice initiatives like health programs for military veterans. Missouri was among them, and although medical cannabis sales are slated to start later this month, the Show-Me State recently completed the first-ever transfer of cannabis revenue to a state’s veteran fund. More than $2.1 million was transferred from the Department of…

ThursdaySep 17, 2020 4:20 pm

420 with CNW – New Jersey Residents to Vote on Marijuana Legalization During November Poll

The coronavirus pandemic and the coming presidential election have eclipsed New Jersey’s ballot for this year, its highest profile one in 2020. Despite this though, New Jersey may be the latest state to legalize recreational cannabis, that is, if the constitutional amendment gets a yes majority from the voters. In the first-ever vote-by-mail election in New Jersey, ballots are set to be sent to registered voters in the state soon. Apart from voting for president as well as the U.S. Senate and House, the people of New Jersey will also be tasked with deciding whether to amend the state constitution…

ThursdaySep 17, 2020 12:33 pm

The Alkaline Water Company Inc. (CSE: WTER) (NASDAQ: WTER) Reports Record Numbers, Ranks in Top-10 Nielsen Report

In its most recent SEC filings, WTER announced record first-quarter revenue of $14.2 million Alkaline88 ranked as 10th best-selling value-added water and third fastest-growing value-added water in Nielsen report WTER marks milestone by adding the largest food-service redistributor to its growing list of channel partners The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER) continues its impressive upward trajectory, releasing record numbers in its latest financial report and ranking in a top-10 category in a recent Nielson report. In addition, with the announcement of its recent distribution agreement with DOT Foods, the company is aggressively expanding into the hospitality channel. In…