NewsRoom Articles - Page 330 of 596

WednesdayJun 10, 2020 4:20 pm

420 with CNW – Why Smart Entrepreneurs Need to Consider the Marijuana Beverage Industry

The cannabis sector is without a doubt one of the top industries to keep an eye on. Still fairly young, the industry has proven that it can be quite profitable despite the myriad of challenges it still faces. However, despite having very encouraging projections, the industry will soon be filled with sellers who want a piece of the loot, and smart entrepreneurs will have to find new ways to stay on top. One such area is cannabis beverages, a new and exciting sub-industry that takes all the natural benefits that cannabis brings and puts them in a bottle. Well, it's…

WednesdayJun 10, 2020 4:20 am

420 with CNW – There’s No Link Between Marijuana Use and Increased Stroke Risk, Study Finds

As more states legalize marijuana and its use becomes more prevalent, there have been numerous studies about its potential risks and benefits. In particular, there have been a number of conflicting results regarding marijuana use and increased stroke risk, with some studies stating that it reduces the risk while others argue that it exponentially increases the risk. According to a recent study by a team of neurologists at the University of Mississippi Medical Center, there is no link between increased stroke risk and marijuana use. The team analyzed data from nearly 10,000 individuals and they found that cannabis use does…

TuesdayJun 09, 2020 4:20 pm

420 with CNW – Why Some People May Not See Results After Consuming CBD

Over the past few years, cannabidiol (“CBD”) has gained the reputation of a cure all, and marketers have leaned quite heavily into it. Plenty of companies that process and sell CBD have taken to making all kinds of medical claims to attract customers. However, the truth of the matter is that a large portion of the evidence backing CBD’s medical abilities is anecdotal, and the cannabis extract definitely won’t fix all your health issues. It has become immensely popular in recent years, with CBD gummies being the third most searched for food in 2018. What a lot of marketing campaigns…

TuesdayJun 09, 2020 11:03 am

SinglePoint Inc. (SING) Surpasses $1 Million in Q1 Revenue, Reaping Significant Rewards from Pivoting Strategy During Economic Crisis

SING surpasses $1 million in Q1 revenue through new online strategy for subsidiary Direct Solar 1606 Hemp social media strategy grew followers from 100 to over 20,000 with direct increase in online sales 1606 Hemp physical distribution increased to over 400 stores within several months With a combination of perseverance and flexibility, management at SinglePoint (OTCQB: SING) led the company to increased growth surpassing $1 million in Q1 revenue as a result of its ability to strategically pivot in this challenging economic environment. As a diversified holdings company with operations in several high-performing market sectors, SING is well positioned to…

TuesdayJun 09, 2020 4:20 am

420 with CNW – Federal Financial Regulator Says Marijuana Banking is a Difficult Issue

Despite being federally prohibited, the state-legal marijuana industry has been growing steadily for the past few years. Things haven’t been rosy for the often controversial sector, and the fact that marijuana is illegal at the federal level has made it challenging for businesses to operate. Admittedly, the biggest hurdle that the industry has faced is lack of access to banking. Fearing legal retaliation from the federal government, most banking institutions avoid marijuana businesses, locking them out of accessing credit or loans and forcing them to operate on a cash-only basis. There have been numerous calls from stakeholders and advocates to…

MondayJun 08, 2020 4:20 pm

420 with CNW – Uruguay Sends Another Huge Consignment of Marijuana to Europe

Last month, Uruguay-based Fotmer Life Sciences exported a large shipment of medical cannabis to Portugal. This came about six months after Fortmer shipped one metric ton of high-THC cannabis flower to the same country. The 2019 shipment of high-THC flower was believed to have been the largest ever amount of cannabis flower exported in a single shipment, but weighing in at 3,133 pounds, the May shipment takes the cake. According to Uruguayan documents dated May 19, 2020, the declared customs value of the latest shipment was about $2 per gram, including costs, insurance and freight. Although no company has publicly…

MondayJun 08, 2020 11:24 am

Singlepoint Inc.’s (SING) 1606 Original Hemp Cigarettes See Record Sales Rise

SinglePoint Inc. announced that its range of pre-rolled hemp cigarettes, 1606 Hemp Direct, saw revenues growth by 133% quarter-on-quarter CBD-infused cigarettes target smokers looking for smoother alternative to tobacco, with CBD-infused product market set to reach $23.7 billion by 2023 1606 Hemp Direct cigarettes currently sold by network of 400 retailers across 19 states, with the company seeking to expand its number of vendors in near future SinglePoint forecast that its 1606 Hemp product could generate between $2.75 million - $5.5 million in annual revenues per 1,000 stores As public opinion of nicotine cigarettes continues to sour with each increasingly…

MondayJun 08, 2020 4:20 am

420 with CNW – The White House is Reviewing FDA Research Guidelines on Marijuana and CBD

For the past year or so, the U.S. Food and Drug Administration (“FDA”) has been under mounting pressure from advocates and stakeholders to create a comprehensive regulatory plan for the growing CBD industry. Although the nascent industry is already worth millions in sales and filled with tons of sellers, it is barely regulated. Not only has this made it difficult for businesses to operate, but it has called into question the efficacy and safety of the products being sold. Last week, the agency submitted a draft of a federal plan for marijuana and CBD research titled 'Cannabis and Cannabis-Derived Compounds:…

FridayJun 05, 2020 4:20 pm

420 with CNW – Maine Sued for Giving Non-Residents Access to its Marijuana Market

The state of Maine is being sued by local marijuana businesses for refusing to enforce a component of its marijuana laws. On Friday, the Maine Cannabis Coalition filed a lawsuit against the state, claiming that the Department of Administrative and Financial Services was in violation of state law after it failed to enforce the residency requirements included by lawmakers in the Marijuana Legalization Act. According to the law, only Maine residents can run a recreational marijuana grow, manufacturing, or retail operation. Last month, the state announced that it would abandon the residency requirement, a move that garnered outrage from stakeholders…

FridayJun 05, 2020 4:20 am

420 with CNW – Cannabis Businesses Hit by Vandals and Robbers During Ongoing Protests

On May 25, 2020, George Floyd, a black man, died at the hands of a Minneapolis Police Department officer, leading to nationwide protests against systemic police brutality against unarmed black men. Although the protests were peaceful at first, they became violent, leading to widespread rioting and looting over the weekend. Tons of business establishments nationwide have been affected by the looting, and marijuana businesses haven’t been spared. Dozens of cannabis shops in Oregon, Illinois, San Francisco and California have been vandalized and according to the business owners whose businesses were hit, looting was carried out by professional criminals, and not…