NewsRoom Articles - Page 359 of 592

MondayJan 06, 2020 4:20 pm

420 with CNW – Illinois Residents Buy Recreational Marijuana Worth $3.2 Million on the First Day of Legal Sales

On Thursday, it was announced that the first day of legal adult-use marijuana sales in Illinois attracted more than 77,000 transactions, which generated approximately $3.2 million in sales. One of the transactions was made by the second-most powerful official in the state, Lieutenant Governor, Juliana Straton, who bought edible gummies. Stratton said that she was there to celebrate the big day in Illinois. According to Toi Hutchinson, the sale of legal recreational marijuana took effect on New Year’s Day, and the state-licensed dispensaries made 77,128 transactions. Hutchinson is the senior advisor to Governor J.B. Pritzker on marijuana control. The retail…

MondayJan 06, 2020 12:22 pm

ChineseInvestors.com Inc. (CIIX) Prioritizing Profit for 2020, Increasing Margin Sales, Cutting Costs

CIIX CEO speaks to attaining profitability in 2020 as company grows revenue Subsidiary CBD Biotech and CBD cosmetics instrumental in driving CIIX’s growth CIIX leadership focusing on cost cutting, maintaining profitability, and increased revenue with high margin product sales ChineseInvestors.com Inc. (OTCQB: CIIX) CEO Warren Wang spoke optimistically about his company’s growth potential in a recent MoneyTV interview with host Donald Baillargeon. Wang said the company would focus in 2020 on building more revenue from high margin products and cutting costs to achieve profitability. He also emphasized the important role subsidiary CBD Biotech and CBD-infused cosmetics products would play in…

MondayJan 06, 2020 12:00 pm

SinglePoint Inc. (SING) Credits Solar, Hemp, New Distribution Agreements for Surging Revenue, Strong 2020 Outlook

SING reports 176% revenue growth for Q3 2019 – largest ever for the company Explosive growth of 2019 forecast to continue into 2020 Company distributing, debuting new line of JTI USA’s PrimeTime Little Cigars at 2019 MJBIZCON Show Singlepoint Inc. (OTCQB: SING), which specializes in acquisitions of small to mid-sized companies with an emphasis in new technologies, is celebrating results from an impressive Q3 resulting from multiple strategic ventures. The recent acquisition of Direct Solar, product launches of PURE hemp products and distribution agreements within the hemp industry are providing investors opportunity across a wide range of assets. During an interview…

MondayJan 06, 2020 4:20 am

420 with CNW – 4 Things to Expect in the California Marijuana Market in 2020

California is the largest marijuana market in the U.S., so it is worthwhile to look forward and see what is in the works for this state’s cannabis industry in the new year. Here are some of the major things that could pan out in 2020. Courts Hear Marijuana Delivery Lawsuits When Prop 64 was approved by California voters, local authorities were given the liberty to decide whether to accept or reject marijuana businesses within their jurisdictions. That promise was put to the test and a row over how much control municipalities and cities have over the marijuana industry came to…

FridayJan 03, 2020 4:20 pm

420 with CNW – Alabama Legislative Panel Recommends the Legalization of Medical Marijuana

When a state Senate bill to legalize medical marijuana in Alabama was met with stiff resistance in the state Assembly, a compromise was reached to create a panel to study the matter further and recommend a way forward for the state. That legislative panel voted last week to proceed with legalization in a move that has been lauded by marijuana advocates. The Medical Cannabis Study Commission is made up of 18 members and 12 of them voted in favor of medical marijuana legalization. Three abstained and the other three members voted against legalization. The report of the panel indicates that…

FridayJan 03, 2020 4:18 pm

USA CBD Expo to Showcase 500+ Brands in Las Vegas Next Month

USA CBD Expo attracts hundreds of attendees every year, including wholesalers, buyers, investment specialists, members of advocacy groups, entrepreneurs and manufacturers of CBD-based products USA CBD Expo will be held in February 2020, in Las Vegas, Nevada, and will include many educational seminars and workshops USA CBD Expo has options for people to purchase tickets to attend as an industry professional, general admission or to sign up as exhibitors USA CBD Expo will be held February 13-15, 2020, at the Las Vegas Convention Center in Nevada. This is the largest CBD event in the United States, attracting many attendees each…

FridayJan 03, 2020 11:51 am

HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) Wraps Up Productive Year in Cannabinoid Refining Operation

HTC Extraction Systems specializes in ethanol and ethanol-based solvent extraction and product reclamation, which it is using in processes designed to build its position in the booming cannabinoid market Cannabidiol (CBD) has proven to be the most readily available and profitable cannabinoid for use in the non-pharmaceutical wellness industry, growing 342 percent in year-over-year sales between August 2018 and August 2019 HTC is establishing biomass receipt, refining and retail operations in Canada and the United States (California) to take advantage of is technical experience and the consumer demand for cannabinoid products HTC Extraction Systems (TSX.V: HTC) (OTCQB: HTPRF) is approaching…

FridayJan 03, 2020 4:20 am

420 with CNW – 6 States That Could Vote on Marijuana Ballot Measures in 2020

A wave of marijuana legalization has been sweeping across the U.S., and its genesis can be traced to Colorado and Washington approving marijuana legalization initiatives way back in 2012. In each biennial election that followed, additional states followed through with their own marijuana legalization initiatives, and experts believe 2020 will be a landmark year for marijuana. Marijuana advocates believe there are currently 26 states where voters might have to vote on marijuana initiatives, either for full-scale recreational legalization, legalization of medical cannabis or decriminalization. Let's look at 6 states that might table marijuana legalization ballot initiatives in 2020. In 2020,…

ThursdayJan 02, 2020 4:20 pm

420 with CNW – Top Italian Court Rules That Growing a Few Marijuana Plants at Home is Legal

Italians have joined the club of countries that allow their residents to grow and use a limited amount of marijuana at home as long as it's for personal use. The country's highest court in Rome made the landmark decision long before Christmas, on December 19, but local media only got wind of the news last Friday. Legislation dating back to the 1990s barred the farming and sale of marijuana, but there has been great uncertainty about the laws due to contradictory court decisions. After being asked to clarify, the Court of Cassation declared that the crime of growing narcotics should…

ThursdayJan 02, 2020 4:20 am

420 with CNW – 5 Big Wins for the US Marijuana Industry in 2019

This year has seen several advancements for the marijuana cause, with a bevy of positive legislative changes passed. Let's look at some of the highlights of the year. President Trump reiterates support for respecting state marijuana laws. President Trump proved an ally to the marijuana industry when he passed the Farm Bill. He has stated more than once that he supports the right of localities to enact their own marijuana policies with little federal interference. "It's a very big subject and right now; we are allowing states to make that decision. A lot of states are making that decision, but…