NewsRoom Articles - Page 356 of 616

MondayMay 04, 2020 4:20 pm

420 with CNW – Released Memo Sheds Light on DEA’s Reluctance to License Additional Marijuana Producers

For more than four decades, the only entity allowed by the Drug Enforcement Administration (DEA) to produce marijuana for research has been the National Center for Natural Products Research at the University of Mississippi under a contract with the National Institute on Drug Abuse. Proponents for research into marijuana's medical abilities have long decried this monopoly, stating that it held back research. It seems that the Justice Department's Office of Legal Counsel (OLC) concurs after a newly released 2018 memo stated that this arrangement has always been illegal. According to the memo, an international treaty requires tighter controls on the…

MondayMay 04, 2020 4:20 am

420 with CNW – US Virgin Islands Governor Tweaks Cannabis Legalization Bill to Boost Tax Income

The coronavirus crisis has dealt the world such a massive economic blow that it will take years for it to recover. Millions of people are already out of a job, and experts say that half of the global workforce, 1.6 billion people, are in danger of losing their livelihoods. Understandably, governments are scrambling to find ways to boost their economies. For some, this has led to talks of legalizing marijuana. One of the biggest arguments for legalizing marijuana has been to earn tax revenue, with states like Colorado that have thriving legal cannabis programs earning big bucks. Governor Albert Bryan…

FridayMay 01, 2020 4:20 pm

420 with CNW – Former Federal Prosecutor Says Legalizing Cannabis Will Hurt Cartels

Cannabis is arguably the most abused drug in the world. Half of all drug seizures in the world is marijuana, and the black market makes vast amounts of money from marijuana trafficking. According to a former federal prosecutor who's now running for Congress, legalizing marijuana may hurt the cartels that feed these black markets. Adam Schleifer saw the dark side of humanity while working as a federal prosecutor investigating the illicit drug trade. He realized that America made a large part of the illicit drug market, and he came away with one conclusion. Federal legalization. He is now a congressional…

FridayMay 01, 2020 12:04 pm

CannabisNewsWire Announces Media Partnership for Virtual Event Celebrating Women in the Cannabis Space

CannabisNewsWire (“CNW”) today announces its support of the Womxn, Wellness & Cannabis Conference (“WWC Conference”), an event designed to “bring together womxn in weed” from all over the world. This free virtual event will be held May 27, 2020 and will provide a fun and engaging online experience. Offering opportunities for networking, collaboration, and learning, the event also promises a selection of partner-driven interactive sessions, including topics such as cooking with cannabis, getting formulations to market, and building a personal brand. Representatives from major health and wellness brands will discuss products and brands made for women in an all-inclusive, “all…

FridayMay 01, 2020 4:20 am

420 with CNW – How to Disinfect Cannabis Packaging Safely

The coronavirus outbreak has put everyone on high alert. With over 3 million confirmed cases and at least 220,000 deaths globally, we should definitely be on guard. The virus spreads primarily through droplets released by an infected person when they sneeze or cough, and governments all over the world have rolled out social distancing measures to help prevent this. Individuals are to stay indoors unless they absolutely have to, and the businesses that have been allowed to continue operating are required to practice social distancing measures. For the most part, this has involved curbside pickups and home deliveries. Cannabis was…

ThursdayApr 30, 2020 4:20 pm

420 with CNW – Investing in Cannabis Amid COVID-19 Outbreak May be Wise

The economic fallout from the coronavirus crisis will be massive. With the U.S. already sliding into a recession, experts say it may take years for Americans to recover financially. With the economy in such a state, would it be wise to invest? Wouldn't it be better to hold onto those funds and see how things play out? Well, it depends on what you're investing in. Some stocks, like airline and restaurant stocks, aren't doing so well right now. A whole lot of industries have been affected by the outbreak, with most of the new unemployment cases concentrated in a certain…

ThursdayApr 30, 2020 1:16 pm

Sugarmade Inc. (SGMD) Announces Expansion of Cannabis Home-Delivery Service to Southern California

SGMD expanding BudCars Cannabis Delivery Service into LA area Sugarmade forecasts BudCars business to top $30 million in annualized revenues in Sacramento alone Company sees potential for up to 20 new BudCars hubs across California over next two years Sugarmade Inc. (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential and an early pioneer within California’s regulated cannabis industry, announced that its recently acquired BudCars Cannabis Delivery Service is expanding into the Southern California marketplace (http://cnw.fm/9n3mD). Initially launched in the Sacramento area, the cannabis home-delivery service has seen unprecedented growth in its first months…

ThursdayApr 30, 2020 4:20 am

420 with CNW – New Mexico Governor Regrets Missed Opportunity to Legalize Cannabis Before COVID-19 Pandemic

One of the best arguments for legalizing cannabis has been the tax revenue states stand to earn. Aside from providing employment opportunities, a legal cannabis market can generate millions in tax revenue. And at a time like this when most businesses are shut down while the cannabis industry still soldiers on, that revenue would have been a lifesaver. The governor of New Mexico recently said that she regretted the fact that the state hadn't yet legalized recreational marijuana. In a press conference last week, Governor Michelle Lynn Lujan was asked how she planned to address the financial uncertainty caused by…

WednesdayApr 29, 2020 4:20 pm

420 with CNW – Racial and Civil Rights Groups Urge Congress to Give Cannabis Companies Access to COVID Funds

The economic impact of the coronavirus pandemic will be felt for years to come. Early this year as parts of China shut down due to the outbreak, several industries ran into supply chain disruptions. However, as the virus spread and governments started taking more drastic measures to curb its spread, the impact was even more pronounced. Cannabis Industry Denied Access Most businesses are shut down and almost all commerce has ground to a halt. To help cushion small businesses and help them survive, the federal government deployed federal coronavirus relief funds through the Small Business Administration (SBA). One industry that…

WednesdayApr 29, 2020 1:01 pm

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Outlines Three Objectives for Coming Year, Reaffirms Strong Foundation as Cannabis Industry Leader

PLUS well-prepared to respond to current coronavirus crisis, says CEO Strengthening PLUS presence in the California market remains critical to becoming global cannabis brand When objectives are met, few companies will be better positioned to build global portfolio of cannabis brands Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) has identified three critical objectives to focus on in the coming year, according to a letter from PLUS co-founder and CEO Jake Heimark (http://cnw.fm/QVv51). The letter outlines those objectives and also discusses COVID-19 and the impact it is expected to have on the company. After observing that the company is “well-prepared to respond…

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