NewsRoom Articles - Page 312 of 592

ThursdayAug 27, 2020 4:20 pm

420 with CNW – Cannabis Legalization to Proceed in Mexican Congress

Mexico’s president, Andrés Manuel López Obrador, has stated that the legalization of marijuana will proceed through Congress once it reassembles next month. When asked about a meeting he had with a senator who was pushing for marijuana reform legislation during a press conference last Wednesday, he highlighted the boundaries when it came to the balance and division of powers between the legislative and executive branches of the government. In addition to this, he also stated that the marijuana proposal had existed for quite a while. He also admitted that the legislature was taking action following a Supreme Court order to…

ThursdayAug 27, 2020 10:29 am

Sugarmade (SGMD) Q3 Numbers Forecast to Hit $11 Million, Thanks to Investment in Cannabis Delivery Service

Company predicts BudCars will reach $650,000 monthly sales milestone; Q3 2020 numbers to top $11 million CEO expects extremely robust growth in July, August; new records across many metrics BudCars has seen steady improvement in almost every major metric Sugarmade Inc. (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, has announced that it expects BudCars Cannabis Delivery Service to hit a $650,000 sales milestone in July (http://cnw.fm/g8Jg8). The company also predicts its Q3 2020 sales numbers will top $11 million. “We believe we have enough visibility and enough data in hand to forecast…

ThursdayAug 27, 2020 4:20 am

420 with CNW – Cannabis Sales in California Rise Significantly as Lockdown Measures Remain in Place

During the last quarter, California raked in $208.4 million in tax revenue from cannabis. In comparison, this figure was slightly higher when compared with revenue from the first quarter of the year, the CDTFA reported last Wednesday. Despite many industries declining in output or failing, the cannabis market seems to be operating at even greater efficiency, as the report from California shows. The $208.4 million did not factor in tax revenue that was collected by each jurisdiction. In the first quarter of 2020, tax returns were $205.9 million, this is including the $26.9 million in cultivation tax, $107.4 million in…

WednesdayAug 26, 2020 4:20 pm

420 with CNW – Sports Fans & Cannabis Use

According to a poll conducted by Morning Consult which was released on Friday, a great deal of fans of the UFC, racing and e-sports are likely to use CBD or marijuana while fans who watch baseball, golf and football are least likely to use marijuana or CBD. The poll which involved 1269 U.S. participants looks into cannabis consumption and how common it is between self-identified sports fans from 14 groups. From the poll, 35 % of e-sports fans admitted they ingest or smoke marijuana sometimes or often while 29% stated that they used CBD goods. In comparison, 20% of Major…

WednesdayAug 26, 2020 4:20 am

420 with CNW – Growing Tips Every Cannabis Grower Should Know

With medical marijuana now legal in 33 states and recreational marijuana is making inroads into the law books of more than a dozen states, the following tips might come in handy, whether you grow cannabis for personal use or for a dispensary. Please note that growing marijuana is actually not that easy. It takes a lot of commitment, effort and of course, resources. Grow your weed indoors Growing your buds indoors allows you more control of the atmosphere as well as the whole growth operation. It’s also more hygienic indoors, making it ideal for growing cannabis. The best thing about…

TuesdayAug 25, 2020 4:20 pm

420 with CNW – Federal Court Rejects DEA Request to Throw Out Marijuana Rescheduling Case

A federal court of appeal in the U.S. has shot down a request by the Drug Enforcement Administration (“DEA”) challenging a lawsuit against the existing marijuana classification in the federal law. The federal agency was sued by veterans and scientists over their decision to declare cannabis as belonging to schedule 1 of the Controlled Substances Act. The decision sparked mixed reactions among various players in the marijuana sector who termed the move unconstitutional. The petitioners in the case argued that the DEA’s scheduling standards misinterpreted the federal law. DEA's contentious claim dismissing marijuana's approval for use in medication has set…

TuesdayAug 25, 2020 4:20 am

420 with CNW – Why Automation is Advantageous for Cannabis Businesses

With the pandemic leading to closure of businesses due to low demand and many others operating their businesses online to adhere to the social distancing regulations, there is no better time than now to automate your cannabis business. Automating your business ensures both you and your employees are not recklessly putting themselves in harm’s way while also increasing the efficiency of your business. The margins in the marijuana sector are growing tighter as the sector gets more competitive. To survive, businesses must adapt and adopt automation. Below are reasons why automating your business is the best way to go. Allows…

MondayAug 24, 2020 4:20 pm

420 with CNW – Law Enforcement Coalition Urges Congress to Legalize Marijuana

A group of four state attorneys general, together with 50 current or former law enforcement officials, have written to Congressional leaders urging them to vote on and pass a bill that would federally legalize marijuana. In their letter that was signed and delivered on Wednesday, the law enforcement experts say that it would be more helpful to regulate and control marijuana instead of criminalizing and prohibiting the substance. They add that the ongoing pandemic brings to light how urgent it is to make these reforms as a matter of public safety, health and to put scarce law enforcement resources to…

MondayAug 24, 2020 4:20 am

420 with CNW – Vote on Marijuana Legalization Measures in Montana Scheduled for November

On Thursday, the secretary of state of Montana reported that marijuana advocates had gathered enough signatures, hence qualifying two legalization measures for the November ballot. In one of the initiatives mentioned, a legal change is cited that would form a structure for adults to access cannabis legally. In addition to this, a different constitutional change will make certain that only individuals who are at least 21 years or older could engage in this market. If voters accept this statutory measure, it will make it legal to cultivate a maximum of four seedlings and four mature plants in one’s home as…

FridayAug 21, 2020 4:20 pm

420 with CNW – Weed Vending Machines in Colorado: The Future of Non-Contact Highs

With many companies going online in order to cater for the increased demand for online ordering with some offering additional curbside pickup due to the pandemic, one company in Colorado is making sure people can also purchase their cannabis without fear of getting infected with COVID-19. Anna, a company founded by Matt Frost, who is also the CEO, makes vending machines designed to fill and take marijuana product orders. The first vending machine debuted at the Strawberry Fields dispensary, located in central Pueblo. Consumers now have the option of purchasing edibles, vape oils, and flower, all without any interaction with…