NewsRoom Articles - Page 355 of 603

TuesdayMar 10, 2020 4:20 am

420 with CNW – DEA Admits State-Level Cannabis Legalization Puts a Squeeze on Illicit Sellers

In a report, the Drug Enforcement Administration acknowledged that state-level marijuana legalization minimizes illicit interstate trafficking. The DEA was giving an overview of its enforcement efforts in its performance budget submission to Congress for the 2021 fiscal year. The DEA also predicted the upcoming future trends. In the report, the DEA admitted that allowing consumers to access marijuana legally means that the demand for cannabis products sourced from the black market would decrease. The DEA further said that after the legalization of medical marijuana in Florida in 2017 resulted in retail distribution centers throughout the allowed location, it is expected…

MondayMar 09, 2020 4:20 pm

420 with CNW – Mexican Senate Committees Sign Off on Marijuana Legalization Bill

On Tuesday, Mexican Senate committees approved legislation seeking to legalize marijuana across the country. The revised reform legislation that was circulated during the weekend was approved during a joint meeting held on Tuesday by the Justice, Health, Legislative Studies, and Public Safety committees. The legislation would permit individuals aged 18 and above to possess and grow marijuana for personal use. The people who are of legal age are also allowed to cultivate a maximum of 20 registered plants as long as their overall yield does not exceed 480g per year. People are also allowed to carry with them a maximum…

MondayMar 09, 2020 2:27 pm

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) Outlines Accelerated Revenue Generation Plan

SPRWF to focus on accelerated near-term revenue moving forward Announces the launch of new brands in the Canadian market SPRWF well-positioned to accelerate CPG-focused transition The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company dedicated to growing the world’s best cannabis and becoming a leader in the global cannabis industry, released its financial and operating results for 2019, noting a focus on accelerated near-term revenue growth and 17% year-over-year net revenue growth (http://cnw.fm/4b7Xt). The company also shared an update on its strategy and outlook for the remainder of fiscal 2020. In the announcement, Supreme Cannabis detailed how…

MondayMar 09, 2020 1:16 pm

Champignon Brands Inc. (CSE: SHRM) Completes IPO; Offers Line of Mushroom-Infused Teas to Promote Holistic Health, Wellness

SHRM issues almost 19 million common shares in conjunction with IPO offering; raises more than $2.8 million Flagship product line is Vitality Superteas, infused with proprietary formulation of artisanal mushrooms National Institutes of Health (NIH) and Good Housekeeping extol health benefits of mushrooms Champignon Brands Inc. (CSE: SHRM), a research-driven company specializing in the formulation and distribution of artisanal-mushroom health supplements, has completed its IPO and is now listed on the Canadian Stock Exchange. Based in Vancouver, British Columbia, Champignon issued 18,916,667 common shares in conjunction with the IPO offering, raising $2,837,500 in gross proceeds in the market transaction (http://cnw.fm/2gn2O). The…

MondayMar 09, 2020 12:43 pm

ChineseInvestors.com Inc. (CIIX) Works to Raise Awareness of CBD Oil, Targeting Largely Untapped Chinese Market

CIIX CEO discusses numerous health benefits of company’s CBD-based products during MoneyTV interview Company has engaged in international campaign in China, the U.S. to raise awareness of CBD oil’s myriad benefits CIIX is a compelling investment with tremendous opportunities in an enormous, untapped CBD Chinese market Founded in 1999, ChineseInvestors.com Inc. (OTCQB: CIIX) is an established financial-information platform for Chinese-speaking investors in the United States and China. Recognizing significant opportunities offered by the nascent cannabis industry, the California-based company has leveraged its financial expertise to establish itself as a leader in China’s massive yet untapped cannabidiol (CBD) market. China’s changing CBD laws…

MondayMar 09, 2020 4:20 am

420 with CNW – Recreational Pot Sales Launch in Maine Delayed Till June

Recreational marijuana sales in Maine will be launched in June, which is three months later than what the state regulators expected. Recreational marijuana was legalized in 2016 through the ballot by voters. Adult-use cannabis legalization was done through the approval of the Marijuana Legalization Act and was expected to be effective in 40 days after its passage. The delay in launching recreational marijuana sales was due to delays in licensing marijuana businesses and testing laboratories. Maine’s associate commissioner of tax policy, Michael Allen, said that after consultations with the Office of Marijuana Policy, the state’s revenue forecasting committee is expecting…

FridayMar 06, 2020 4:20 pm

420 with CNW – Canadian Survey Shows Teen Marijuana Use Has Dropped After Legalization

Although politicians keep issuing warnings about the consumption of marijuana amongst teenagers, surveys show that marijuana consumption among teenagers is dwindling after the recreational legalization of cannabis. In February, Statistics Canada's findings showed that marijuana consumption has significantly dropped in adolescents aged 15-17 years by about ten percent, a year after the country legalized adult-use marijuana. And in the U.S., the state of Denver also has similar results. In a survey carried out in 2019 involving 537 teenagers, Denver City officials were statistically measuring how their High Costs campaign, which is focused on educating the youth about marijuana, has affected…

FridayMar 06, 2020 4:20 am

420 with CNW – First Utah Marijuana Dispensary Opens in Salt Lake City

On Monday, the state of Utah opened its first medical marijuana pharmacy. This has allowed patients to buy marijuana medicine legally within the state and without having to go to the other states to purchase medical cannabis and sneak the products illegally back to their homes. The dispensary, which is known as Dragonfly Wellness located at 711 State in Salt Lake City, has marked a milestone for Utah’s medical marijuana program, which has been in the works for nearly 15 months since the voters and the lawmakers approved it. Speaking at a press conference, the chief strategy officer at Dragonfly,…

ThursdayMar 05, 2020 4:20 pm

420 with CNW – Ohio Advocates File Measure to Put Pot Legalization on 2020 Ballot

On Monday, marijuana reform advocates in Ohio filed a motion to put a marijuana legalization bill on the 2020 ballot for the voters to decide. The measure, which is referred to as Regulate Marijuana Like Alcohol, would permit people aged 21 and above to purchase, possess, and cultivate marijuana for personal use. However, possession of cannabis would be limited at one ounce, and individuals would be allowed to cultivate a maximum of six plants, out of which three could be mature. The petition to put marijuana legalization on the November ballot was filed with the state attorney general a week…

ThursdayMar 05, 2020 1:13 pm

CWCBExpo Set for ‘Huge Year for Cannabis’ as it Prepares for May 28 Opening

New York City’s 7th annual Cannabis World Congress & Business Expo will take place May 28-30 at Manhattan’s renowned Javits Center Seminars, expo floor access, informed speakers, networking opportunities and responsive workshops will deliver timely cannabis industry insights Hemp and cannabis titan Bruce Linton will be returning to the New York event for the third time, to discuss his ‘Next Great Adventure’ in a special ‘In Conversation With…’ Among the featured presentations is an appearance by cannabis and finance strategists Tim Seymour and Sumit Mehta, who will address how to capitalize on the latest trends in the industry When registration…