NewsRoom Articles - Page 339 of 596

ThursdayApr 23, 2020 11:47 am

Sugarmade Inc.’s (SGMD) Shift Toward Virtualization of Cannabis Sector, On-Demand Economy Pays Off with Dramatic Increase in Volume

SGMD acquires significant stake in Sacramento-based Budcars Cannabis Delivery Service Sugarmade sees dramatic expansion in overall delivery volume; March deliveries top Februray volume by more than 300% Company’s strategy to capture healthy margins, nail down competitive advantage in market share looks to be right move A “new and bold shift in its business strategy” made earlier this year by Sugarmade Inc. (OTCQB: SGMD) appears to have paid off big time for the company. Committed to play in the Hemp and Cannabis space, SGMD announced (http://cnw.fm/5NxAD) that it was moving “toward the virtualization of the cannabis sector as part of the major…

ThursdayApr 23, 2020 4:20 am

420 with CNW – Marijuana Lovers Take 4/20 Celebrations Online

2020 would have been a historic year for marijuana lovers. 4/20 has always been the unofficial holiday for marijuana, and if you think about it, the entire month of April would have been 4/20. However, the Coronavirus pandemic has left the world in a health and economic crisis, and most companies and marijuana shops were forced to downgrade their 4/20 plans or scrap them entirely. However, thanks to the internet, not everything was lost. The web has already been a great help as people practice social distancing and self-isolation, and marijuana enthusiasts used it to celebrate 4/20. "Celebrating 4/20 means…

WednesdayApr 22, 2020 4:20 pm

420 with CNW – Marijuana Taxes Support Rural Pharmacies in Illinois During COVID-19 Crisis

The Coronavirus is turning out to be the cause of the biggest economic decline we've seen in a long time. On top of placing immense stress on the healthcare system, the virus has left all but the most essential businesses shut down. Millions of Americans have already lost their jobs, and experts say it may take a while to get the economy back on track. The state of Illinois has found a way to keep its rural pharmacies afloat during the crisis, and cannabis plays a big hand in it. Over time, the state has built up a rainy day…

WednesdayApr 22, 2020 1:31 pm

SinglePoint Inc. (SING) Reports Milestone Revenue Increase, Adapts to Tough Economic Times by Digitally Closing Direct Solar Deals

SING files full year and Q4 2019 financial report, showing 189% year-over-year sales spike, gross profit increase of 269% SING responds to crisis by utilizing digital platforms to efficiently market Direct Solar – eliminating training, canvassing costs SING markets its own Klēn brand of high-demand hand sanitizer In a recent MoneyTV interview, SinglePoint Inc. (OTCQB: SING) CEO Greg Lambrecht reported promising figures from the company’s full year and Q4 2019 financial results. A strong performance by subsidiary Direct Solar helped drive the company’s 189% sales increase to $3,343,833 for the year ended December 31, 2019, as compared to $1,154,671 in…

WednesdayApr 22, 2020 4:20 am

420 with CNW – Supreme Court Grants Mexico Legislature a Marijuana Legalization Deadline Extension

Aside from grinding most economies to a halt, the Coronavirus pandemic has severely impacted drug legalization campaigns all over the world. The scene in Mexico wasn't much different. Legislators had been working on marijuana legalization when efforts to curb the spread of the virus made it impossible for them to complete the bill by the original April 2020 deadline. However, the Mexican Supreme Court has granted a request to extend the deadline for marijuana legalization. This isn't the first roadblock the legalization bill has run into. It all started when a precedent-setting ruling by the Supreme Court in 2018 deemed…

TuesdayApr 21, 2020 4:20 pm

420 with CNW – 3 Key Reasons Why Medical Cannabis Stocks Are a Good Long-Term Bet

2020 hasn't been kind to the economy. Last month saw the biggest fall in U.S. stocks since 1987, and analysts insist that the country is almost certainly headed toward a recession. However, one industry that has been able to weather the storm is cannabis. With most industries shut as part of the coronavirus response, cannabis was lucky enough to be deemed essential. In fact, experts have stated that the sector may even be recession-proof. For investors looking for safer stock options, cannabis, especially medical marijuana, poses an attractive option. Here's why: Medical marijuana is essential, and cannabis dispensaries are still…

TuesdayApr 21, 2020 4:20 am

420 with CNW – Ohio Eases Medical Marijuana Purchase Restrictions

The state of Ohio has eased some of its medical marijuana restrictions after repeated complaints that the current system made it difficult for patients to get their medicine when they needed it. The need for a system that works for the patients was further underscored by the danger posed by the Coronavirus pandemic. It forced people to leave the confines of their homes more often than they would have liked, putting them at a greater risk of contracting the virus. Most medical marijuana patients have weakened immunities due to advanced age and/or serious medical conditions, and they are the last…

MondayApr 20, 2020 4:20 pm

420 with CNW – How Criminalizing Marijuana is Undermining COVID-19 Response Efforts

The Coronavirus crisis has shown just how unprepared we all were for a pandemic. To be fair, though, the last time we faced something quite like this was 100 years ago. The most we can do now is try to mitigate the spread of the virus and pick up the pieces when we emerge on the other side. At the moment, the federal and state governments have implemented various policies to help flatten the curve and reduce the virus's impact. These range from promoting self-isolation and social distancing to closing down all but the most essential businesses. However, according to…

MondayApr 20, 2020 12:11 pm

The Economic Cost of Not Legalizing Marijuana in the U.S.

The possible benefits of states legalizing marijuana are clear from tax revenues collected by states that have legalized it. Besides increased revenues, legal marijuana provides jobs all through the value chain. Failure to legalize weed creates bottlenecks that impede the full exploitation of the potential benefits the marijuana industry affords the economy. Prohibition also causes governments to spend money on enforcement. The following are some details on what the U.S. is losing, and the good marijuana revenue can do. How much is the U.S. losing each year by opposing marijuana legalization? According to research, the Federal Government lost $25.64 billion…

MondayApr 20, 2020 4:20 am

420 with CNW – Recreational Cannabis Advocates in Massachusetts Launch Legal Challenge Against “Non-Essential” Categorization During Lockdown

No one would ever have thought the new decade would dawn like this. Three months into the year, a novel Coronavirus that originated from Wuhan, China has infected over 2 million people and claimed at least 120,000 lives. Experts say the virus could end up infecting over 70% of the world's population. Once the gravity of the situation settled in, governments were scrambling to prevent the virus from spreading within their borders. One by one, they ordered lockdowns, requiring people to stay indoors unless they absolutely have to leave, and all but the most essential businesses have had to shut…