NewsRoom Articles - Page 363 of 596

TuesdayJan 07, 2020 4:20 pm

420 with CNW – Virginia Governor Wants Marijuana Decriminalized in the State in 2020

On Friday, Virginia’s Gov. Ralph Northam announced that on top of his agenda for the 2020 General Assembly session is criminal justice reform and marijuana decriminalization. While listing his legislative priorities, the governor featured a decriminalization measure. Northam intends to make low-level marijuana possession punishable by a fine of $50 without additional jail time; however, his proposal does not specify the exact amount of marijuana that falls in this classification. His proposal also includes a provision seeking for expungement for people previously convicted of marijuana possession. In a press release, Northam said that residents of Virginia deserve to have access…

TuesdayJan 07, 2020 2:19 pm

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Focuses on Growing the Leading Cannabis Gummy Brand in California, Announces New Distribution Partner

Plus Products boasts best-selling cannabis product in California in 2019 Company recently announced transition to HERBL Distribution Solutions as main California distribution partner PLUS is growing brand, focusing on both current and new market opportunities Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF), a hemp and cannabis food company using nature to bring balance to consumers’ lives, is on a mission to make cannabis safe and approachable. PLUS(TM) is working to build the world’ strongest cannabis brand. Headquartered in San Mateo, California, the company focuses on producing edibles using extracts to ensure compliant, dosable and appetizing products that provide a consistent…

TuesdayJan 07, 2020 12:48 pm

MCTC Holdings Inc. (MCTC) CEO Discusses Development of Hemp-Related Products and Delivery Technologies in Exclusive Interview

The company aims to promote cannabinoid-infused beverages without adverse side effects, superior to most analogical products, to potentially replace alcohol Expanding on development of infusion technologies to include exotic cannabinoids, such as CBN and THC-V, which may improve sleep and control appetite Global industrial hemp market is expected to grow to $26.6 billion by 2025 at CAGR of 34.0% Cannabinoid science innovator MCTC Holdings Inc. (OTC: MCTC), doing business as Cannabis Global, Inc., is undergoing a rebranding process with the goal of developing unique products that will allow it to take advantage of cannabis industry opportunities while avoiding overcrowded and…

TuesdayJan 07, 2020 12:44 pm

Will the NBA and NFL Follow MLB in Updating Cannabis Policies?

Major League Baseball (MLB) recently got on the right side of history when the league announced that it will be removing cannabis from its list of banned substances and will treat cannabis like alcohol. The new policy will become effective starting in 2020 during the league’s spring training. MLB’s cannabis policy change marks a significant shift in professional sports, and given the prominent role that professional sports plays in society, it is a really big deal. Currently, professional baseball players are bound by a very harsh cannabis policy that results in severe penalties for failed drug tests (a 50 ng/mL…

TuesdayJan 07, 2020 4:20 am

420 with CNW – Kansas Governor Expresses Her Support for Marijuana Legalization

On Thursday, the Governor of Kansas, Laura Kelly, said that if the state lawmakers sent a bill seeking to legalize marijuana to her desk, there is a possibility that she would sign it into law. Speaking about the legislative priorities for 2020 in several interviews, Gov. Kelly said that the lawmakers should legalize medical marijuana as it would help Kansas families whose children are suffering from serious ailments. Medical marijuana would also help in fighting the opioid crisis by reducing the use of prescription pain medication. Although Gov. Kelly said that she is not in favor of legalizing adult-use marijuana,…

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…