NewsRoom Articles - Page 324 of 607

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:…

FridaySep 11, 2020 4:20 am

420 with CNW – Congressional Bill Seeks to Allow CBD and Other Hemp Ingredients to Be Sold as Supplements

Two congressmen have introduced a bill that would allow CBD and other hemp extracts to be marketed and sold as dietary supplements. Sponsored by Reps. Kurt Schrader and Morgan Griffith, the bipartisan legislation would make it clear that Congress intends on making federally regulated CBD and other hemp products available to American consumers. Although industrial hemp and its extracts were legalized in December 2018, the nascent industry lacks a national regulatory framework. The new bill seeks to clear the legal confusion around CBD and allow licensed retailers to sell CBD products. “Hemp was historically an important crop for Virginia farmers,…

ThursdaySep 10, 2020 4:20 pm

420 with CNW – Research Finds Cannabis Use Has Grown Among Baby Boomers

A recent study that was published in the Annals of Internal Medicine last Monday, shows that the use of cannabis among people aged between 56 and 74, is on the rise in America, with men in the lead. The baby boomer generation which makes up people aged between 56 and 74, refers to people who were born between the year 1946 and 1964. They make up about 20% of the world’s population, mostly in developed nations. The study’s co-author, Bill Jesdale, suggests that the attitudes toward marijuana in the country seem to be changing. Bill Jesdale, who also works at…

ThursdaySep 10, 2020 4:20 am

420 with CNW – Bags of Marijuana Rain on Tel Aviv Streets

Residents of Tel Aviv were treated to a rare sight last Thursday after drones dropped hundreds of small bags of cannabis over the infamous Rabin Square. Dozens of people watched curiously as the small packets of cannabis floated down to the ground, with some even running into the streets to collect as many bags as they could carry. The illegal consignment of marijuana was delivered by a group called Green Drone, which announced to its followers on Telegram that it was the start of an ongoing “rain of cannabis.” “It’s time my dear brothers. Is it a bird? Is it…

WednesdaySep 09, 2020 4:20 pm

420 with CNW – Survey Finds 81% Support for Marijuana Legalization in Mississippi

As the November 3 ballot approaches, drug reform advocates in Mississippi will be happy to know that a majority of the state’s potential voters support the legalization of medical marijuana. After conducting telephone surveys with 600 Mississippians likely to vote in the November 2020 general election, California-based research company FM3 Research found out that 81% of them supported medical marijuana. “In principle, four in five (81%) Mississippi voters support doctors being able to recommend medical marijuana to patients with medical conditions and serious illnesses, and more than two thirds (68%) do so strongly,” writes the firm in a key findings…

WednesdaySep 09, 2020 9:00 am

Cannabis Companies Committed to Quality Carve Niche in Multi-Billion-Dollar Industry

CannabisNewsWire Editorial Coverage: As the cannabis industry matures and is again heating up — a recent eye-popping report by Data Bridge Market Research projects that the global legal marijuana market will explode to more than $90 billion by 2027. Companies operating in the sector are looking to capitalize on opportunities the multibillion-dollar space offers. Recognizing the often submarginal quality of available product as well as high cost of development and land acquisition, Pac Roots Cannabis Corp. (CSE: PACR) (PACR Profile) utilizes state-of-the-art genetics to ensure premium-quality products. Using science and key strategic partnerships, Pac Roots intends to eliminate the quality…