NewsRoom Articles - Page 315 of 600

FridaySep 25, 2020 12:42 pm

Pac Roots Cannabis Corp. (CSE: PACR) Leverages Expertise, Resources to Establish Dominant Position in Growing Cannabis Market

Legal marijuana market set to top more than $90 billion by 2027 Pac Roots places top priority on developing, delivering finest cannabis genetics Optimized farming systems employed in most fertile areas means maximum opportunity for harvest After experiencing a few roadblocks over the last year, the cannabis sector looks to be picking up speed. In fact, a recent Data Bridge Market Research study reports that the global legal marijuana market should top more than $90 billion by 2027 (https://cnw.fm/lUN0y). Pac Roots Cannabis (CSE: PACR), a Canadian company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, has taken…

FridaySep 25, 2020 4:20 am

420 with CNW – Carbon: The Unsung Hero in Cannabis Growth and Yield

Up to 60% of the adult human body is composed of water and for human beings to survive, we need to take an adequate amount of water regularly. Plants are no different. Made primarily of carbon, cannabis plants also require plenty of carbon to thrive but if you ask most people what kind of nutrition plants need, they are more likely to mention “NPK”, “CalMag, or “micronutrients”. However, these elements make up no more than 10% of the composition of most plants and while they are beneficial, they do not provide everything the plant needs. For cannabis growers, the most…

ThursdaySep 24, 2020 4:20 pm

420 with CNW – Recreational Cannabis Sales Increase Rapidly in Canada

In July, sales of adult-use marijuana in Canada were recorded at CA$231 million, which is a 15.2% growth. The retail sales, which equate to $175.6 million, beat the previous months’ sales record of CA$201 million ($151 million). This shows that the annual Canadian cannabis market may be worth about CA$2.8 billion ($2.1bn). Statistics Canada reported last Friday that the monthly sales of regulated recreation marijuana had increased in all Canadian provinces. Ontario, which is the largest province with regard to population, recorded a 23.5% increase in monthly sales, which translates to CA$60.3 million ($45.3million). This increase comes after Ontario’s marijuana…

ThursdaySep 24, 2020 4:20 am

420 with CNW – Massachusetts Cannabis Dispensary Claims Regulatory Delays Cost Them Millions

A cannabis dispensary based in Massachusetts is claiming that the state’s inability to act on its application for over eight months has cost it millions of dollars. On September 14, Northeast Alternatives filed a lawsuit in the Suffolk Superior Court asking the court to instruct the Cannabis Control Commission to act on its application for a cultivation facility. In its complaint, the company stated that it submitted an application to the state in June 2019 for a second cultivation facility in Lakeville to supplement its cultivation, manufacturing, and dispensary operations in Fall River. The dispensary says that it received five…

WednesdaySep 23, 2020 4:20 pm

420 with CNW – House Vote to Federally Legalize Marijuana Postponed

A congressional vote on a measure to legalize marijuana that was to be carried out in this week will no longer take place. This comes a fortnight after Majority Leader Steny Hoyer said that the vote was being planned for the week of September 21. Hoyer stated that the MORE Act remained an important part of the House Democrats’ plan that advanced criminal justice reform and addresses systemic racism. He added that they are committed to making sure the House votes on the bill before the year’s end. However, at this time, the House is focused on addressing the coronavirus…

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…