NewsRoom Articles - Page 363 of 605

FridayFeb 07, 2020 4:20 am

420 with CNW – Illinois Pot Companies Sell Marijuana Worth Almost $40M in January

The adult-use marijuana industry in the state of Illinois started on a high note. On Monday, the Department of Financial and Professional Regulation announced that in the month of January, marijuana sales came to a total of $39.2 million. Recreational marijuana sales became legal on the Jan. 1, 2020, and within January, marijuana customers bought approximately one million cannabis products. The majority of the marijuana products were purchased by residents of Illinois and this amounted to $30.6 million, while $8.6 million was purchased by out-of-state consumers. The sales figures above do not account for medical marijuana sales; it is only…

ThursdayFeb 06, 2020 4:20 pm

420 with CNW – In-Store Marijuana Dispensary Trends to Watch This Year

It is the nature of any new industry to have rapid trend changes, and the marijuana market is not an exception. Changes are therefore most likely be visible on the shelves at your local dispensary. Lately, you may have noticed that shorter lines and fewer people are seen queuing at the dispensaries; this is because digital kiosks are serving the customers faster. Marijuana customers will also be able to purchase more CBD-infused products as it is the product that is legal in many states in the U.S. this year. Discussed below are some of the in-store dispensary trends to watch…

ThursdayFeb 06, 2020 11:33 am

SinglePoint Inc. (SING) President Talks Subsidiary’s Massive Growth Potential, Newly Appointed CFO

Newly appointed CFO rejoins company with plans to roll out national solar brokerage model for residential, commercial consumers SING president highlights growth potential of solar industry, dismisses rumors of a reverse stock split Solar energy capacity expected to double over next five years according to leading industry association Following the recent announcement of newly appointed CFO Corey Lambrecht, SinglePoint Inc. (OTCQB: SING) President Will Ralston appeared in a television interview to discuss the company’s projected increase in 2020 profits through the activities of Direct Solar, its high-performing subsidiary that produced more than $2 million in revenue in the second half…

ThursdayFeb 06, 2020 4:20 am

420 with CNW – LA Black Entrepreneurs Frustrated by Unresponsive Marijuana Equity Program

The establishment of a program meant to provide marijuana permits to people who have been affected by the war against drugs in Los Angeles has been marred by delays, scandal, and bureaucratic blunders. This has resulted in the loss of thousands of dollars for some of the intended beneficiaries. Speaking to the Guardian, black entrepreneurs and marijuana activists said that the beleaguered social equity program had left potential business owners on a list whose approval timeline is uncertain, and this has resulted in irreparable damages to the finances of the businesses in question. It has also prevented them from opening…

WednesdayFeb 05, 2020 4:20 pm

420 with CNW – Authorities Say Illinois Marijuana Shortages Were Planned

Since the legalization of adult-use marijuana in Illinois, the market has been plagued by long queues, closure of dispensaries, and shortages; and this has left marijuana customers very frustrated. However, it has emerged that the cultivators intended to start the sale of recreational marijuana on a slow note, the state officials said. The cultivators and state officials said that their ultimate goal is to have a marijuana market where supply and demand are balanced. Governor J. B. Pritzker’s senior advisor on marijuana Toi Hutchinson said that the regulators aimed to intentionally slow down the market to ensure that there was…

WednesdayFeb 05, 2020 12:10 pm

No Borders Inc. (NBDR) Accesses Lucrative Niche as Big Players Ease Up on CBD Research and Development

The FDA has reiterated its position of not currently allowing the marketing of CBD by adding it to a food or labeling it as a dietary supplement Tight FDA requirements provide an opening for startups like No Borders, Inc., which leverages blockchain supply chain technology to ensure and confirm the quality of CBD products Sales of all legalized cannabis in the U.S. are projected to reach $41 billion in 2025, including $6 billion from hemp-derived CBD products. CBD product sales to consumers to reach an estimated $20 billion by 2024 There is no denying that cannabidiol (CBD) is a booming market…

WednesdayFeb 05, 2020 4:20 am

420 with CNW – Jamaica is Helping Small Unlicensed Marijuana Growers to Go Legit

The Jamaican government is offering small-scale farmers who are cultivating marijuana illegally a way out by transitioning them into licensed growers in an effort to eliminate the black market. Instead of punishing unlicensed growers, the government is helping them transition into the regulated marijuana market to raise awareness, eradicate poverty, and promote sustainable development in the country. In a press release, the Jamaican Minister of Industry, Commerce, Agriculture, and Fisheries, Floyd Green said that the program (Alternative Development Plan) is focusing on community groups. Green further noted that they are starting with a group of weed farmers, where they provide…

TuesdayFeb 04, 2020 4:20 pm

420 with CNW – What US Marijuana Entrepreneurs Can Learn from Canadian Mistakes

The legalization of recreational marijuana in Canada took place in October 2018, and since then, the country has been facing a lot of issues, many of which offer valuable insights to entrepreneurs and government officials. Forewarned is forearmed; countries such as the United States and others looking for national legalization of adult-use marijuana should learn from Canada. Discussed below are the lessons other countries should learn from the legalization of marijuana in Canada. Marijuana Stocks were not Trading on Fundamentals Investors looking to invest their money in marijuana stocks should be careful. According to the BBC, marijuana stocks in Canada…

TuesdayFeb 04, 2020 12:37 pm

NECANN Boston 2020 – Where Sativa Spring Begins

This year, spring officially gets underway with the commencement of the sixth annual New England Cannabis Convention (NECANN) in Boston. Set to open on the vernal equinox, NECANN – the East Coast’s largest cannabis industry event – takes place March 20-22, 2020, at the Hynes Convention Center in Boston. Since its inaugural event in 2014, the NECANN conference series has become a destination of pilgrimage for the New England cannabis community, consistently attracting the largest number of hemp, MMJ and cannabis industry professionals. This year promises to be no different. NECANN Boston 2020 will, once again, be the largest, most…

TuesdayFeb 04, 2020 11:43 am

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Expects to Launch Cannabis Products in Q1, Aims to Become World’s Strongest Cannabis Brand

PLUS plans to build on legacy of success as it expects to announce two new product offerings in Q1 2020 Company has best-selling cannabis products in California New products to launch wellness/relief and “get high/have fun” product categories With the best-selling cannabis product in California among its powerful product lineup, Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) is looking to build on its legacy of success as it plans to grow its product portfolio this year. Bolstered by the success garnered in 2019, PLUS plans on releasing two new cannabis product offerings in Q1 2020. “PLUS is expanding its brand…