NewsRoom Articles - Page 320 of 603

WednesdaySep 16, 2020 4:20 pm

420 with CNW – Marijuana Back in the Spotlight; Twitter to Blame for Bad Press

Twitter has partnered up with the Substance Abuse and Mental Health Services Administration to advocate for substance misuse treatment. When a Twitter user searches for “marijuana” or any other substance-related keyword, health warnings will appear. However, it turns out this only applies to marijuana. In partnership with the same federal drug agency, Twitter began to add a notification above tweets on certain drug terms earlier this week. In addition to this, the notification also directs Twitter users to SAMHSA’s website and help line. Advocates for drug policy reform have drawn attention to the fact that the message sustains the stereotype…

WednesdaySep 16, 2020 1:02 pm

Pure Extract Technologies Inc. Building Presence in Billion-Dollar Mushroom Space

“Mushrooms are having a moment,” reports “Forbes” article Sector projected to benefit from both users, investors Pure Extracts Technologies well positioned to partner with organizations eyeing development in both functional, psychedelic products In what “Forbes” magazine is calling a “moment,” mushrooms are seeing rising popularity as growing numbers of people are interested in using the fungi as well as investing in them. This is great news for companies such as Pure Extract Technologies (“Pure Extracts”), a Canadian plant-based extraction company entering the functional medicinal mushroom space and collaborating in the psychedelic space “Psychedelics have been a mainstay for a millennia…

WednesdaySep 16, 2020 4:20 am

420 with CNW – 4 Marijuana Harvesting Tips for Outdoor Growers

The harvest season is the most taxing as well as the most thrilling time of the outdoor plant growth cycle. This season can either make or break an entire year’s operation. To ensure your harvest is snag-free and also successful, here are some of the key things you should make sure are ticked off your ‘before-harvest’ checklist. Ensure that your drying area has been prepared and is ready for use It is important to sanitize and clean the drying area to be used. This will help prevent post-harvest contamination as well as ensure that your processing operation runs smoothly. Additionally,…

TuesdaySep 15, 2020 4:20 pm

420 with CNW – IRS Publishes Tax Guidance for Cannabis Industry

The U.S. cannabis industry has been in a precarious position for the past few years. Although more than thirty states have legalized cannabis sales in some form, the plant remains illegal at the federal level. So, although businesses can sell cannabis as long as they obtain a state license, federal law considers the business illegal. Despite this, marijuana businesses are required to pay federal tax and because marijuana remains illegal at the federal level, they are denied access to tax benefits. Early this month, the Internal Revenue Service (“IRS”) released updated guidance on tax policy for the nascent marijuana industry.…

TuesdaySep 15, 2020 4:20 am

420 with CNW – Data Suggests Colorado Marijuana Users are Transitioning from Consumers to Patients

Six years after Colorado legalized adult recreational use of cannabis and amidst the largest health and economic crisis in a century, the state’s cannabis industry is flourishing. June saw recreational marijuana shops sell more than $155 million worth of cannabis products, a 6% increase from the $149,186,615 worth of cannabis products sold in May. July was even more profitable with the state reporting $42 million in medical marijuana revenues and $164.2 million from recreational marijuana for total monthly sales of $206.7 million. Colorado is representative of the entire country’s cannabis industry: it was declared essential at the start of the…

MondaySep 14, 2020 4:20 pm

420 with CNW – Affordable Deals Drive Ohio Residents to Michigan to Purchase Medical Marijuana

Michigan has a new consumer market: Ohio’s medical cannabis patients and no, it’s not because their marijuana is better or of a higher quality. Only because it’s cheaper. Marijuana card holders from Ohio have revealed numerous times that they only travel to the cannabis clinics up north in Michigan to save money. One medical marijuana patient recently stated in an interview that most Ohio clinics charged double the price that dispensaries in Michigan did. Another cannabis card holder, George McClure, admitted to going to Michigan dispensaries as they were far cheaper, even after factoring in the amount he’d spend to…

MondaySep 14, 2020 4:20 am

420 with CNW – Illinois Social Equity Applicants Want Marijuana License Lottery Delayed

It is widely known that the decades’ long war on drugs wreaked havoc on certain communities. In fact, when advocates started pushing for the decriminalization of marijuana way back, one of their biggest objectives was to help communities that had been adversely affected by the war on drugs. For most states that legalized cannabis, that included granting more cannabis dispensary licenses to minorities that qualified for social equity as well as expunging the records of those with marijuana-related charges. Illinois’ legal cannabis program was no different. The state’s recreational cannabis law required that people with low-level marijuana convictions have their…

FridaySep 11, 2020 4:20 pm

420 with CNW – Federal Report Reveals Few Banks Worked with Cannabis Businesses Amidst the Pandemic

The latest data from the federal government shows that in the last fiscal quarter, few financial institutions are servicing firms in the cannabis industry. In fact, the number is said to have declined. Last week, a report released by the Financial Crimes Enforcement Network showed that 695 credit unions and banks were working with legal marijuana businesses at June’s end. However, in the previous quarter, the number was 710, showing a clear decline. What then, is behind the apparent decline? COVID-19 is one of the culprits. The coronavirus pandemic has affected many economies globally, with most businesses either going bankrupt…

FridaySep 11, 2020 12:20 pm

Pac Roots Cannabis Corp. (CSE: PACR) Positioned to See Profitable Fall; 100% of Hemp Harvest Under Sales Contract

PACR uses genetic technology to produce premium cannabis strains currently under supplied in regulated market Genetics-based cannabis cultivation optimizes specific factors including THC and CBD concentrations PACR is acquiring 100% interest in firm holding 250 acres of land in Fraser Valley, British Columbia Company is nearing completion of a 20,000 square foot cultivation facility to focus on genetic development, preservation and propagation of elite cultivars Pac Roots Cannabis (CSE: PACR) uses a genetics-focused strategy to produce premium-quality, industry-leading cannabis strains that are not available in the regulated market. The Company’s innovative first-mover cultivation and production approaches are solidifying its reputation…

FridaySep 11, 2020 9:00 am

Savvy Companies Eye Promising Potential in Multi-Billion-Dollar Industry

CannabisNewsWire Editorial Coverage: A recent Data Bridge Market Research report notes that the once-hot cannabis industry looks to be heating up again — in a big way. The report includes predictions that the global legal marijuana market will total more than $90 billion by 2027. Smart companies are jostling for a strong position in this explosive space, looking to leverage their expertise to capitalize on opportunities the multi-billion-dollar sector provides. Recognizing key challenges in the industry, including availability of often subpar quality of available product along with the high cost of development and land acquisition, Pac Roots Cannabis Corp. (CSE:…