NewsRoom Articles - Page 363 of 601

ThursdayJan 23, 2020 4:20 am

420 with CNW – Additional Taxes Could Make Illinois Recreational Weed a Lot More Expensive

Marijuana customers in Illinois are in for a price shock come July 1 this year as new taxes take effect. Currently, in Illinois, marijuana sales are being subjected to state and local taxes, plus an additional state marijuana excise tax, which has increased the overall tax rate from 20.25% to 35.25% in the municipalities and counties. This also depends on the potency of marijuana being sold. The cities and counties in the state are yet to start imposing local weed taxes, which is 3 percent each, and this could drive up the overall tax rate to 41.25%. Of the 11…

WednesdayJan 22, 2020 4:20 pm

420 with CNW – Arkansas Piles Pressure on Licensed Medical Marijuana Dispensaries to Open

On the morning of January 19, local media outlets published several stories updating the residents of Arkansas on medical marijuana, as the opening of dispensaries continues at a slow pace. Half of the state’s licensed dispensaries are not yet operational and the state is moving to compel them to open or risk losing their licenses. The Medical Marijuana Commission in Arkansas is planning to meet with all the dispensary owners and marijuana growing companies to discuss and determine whether their licenses should be extended for another year. There are 32 dispensary operators and five cannabis growing companies. It is one…

WednesdayJan 22, 2020 1:09 pm

USA CBD Expo 2020 – Nation’s Largest CBD Event – Kicks Off in Less than a Month

USA CBD Expo, the nation’s largest CBD and hemp event, is heading for Las Vegas. The popular trade show will run February 13-15, 2020, at the Las Vegas Convention Center in the entertainment capital of the world. The singular event is expected to feature more than 500 branded products from over 300 vendors, including well-known marquee names, along with a slew of informed speakers. Attendees at the premier gathering will enjoy a thought-provoking series of presentations and addresses from influential figures in fields as disparate as advertising, agriculture, branding, law and regulation. The convention center offers the ideal spot for…

WednesdayJan 22, 2020 12:41 pm

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Inks Licensing Deal with Smokeless Cannadips CBD Product Maker

Lexaria Bioscience is a company dedicated to developing effective oral ingestion methods for drug substances that rival the rapid-delivery qualities of more health-dangerous inhaled-drug products. Inhalation is a particularly popular method of using tobacco and cannabis products, despite government warnings about the scientifically established dangers of doing so Lexaria has been boosting its profile and revenue potential through licensing agreements with other companies Lexaria recently announced a licensing agreement with Cannadips CBD-maker The Boldt Runners Corporation The agreement grants Cannadips CBD use of Lexaria’s DehydraTECH IP to improve the speed of its effectiveness and to combat the throat irritation that…

WednesdayJan 22, 2020 4:20 am

420 with CNW – Missouri Judge Orders Delay in Issuing Medical Marijuana Dispensary License

On Friday evening, the Missouri Department of Health and Senior Services was ordered by a court in Missouri to delay the approval or rejection of one applicant who had applied for a license to run a medical marijuana dispensary. According to the statement previously issued by the Health Department, the permits would enable businesses located in secure areas to sell medical cannabis to patients. The Department expected to issue a minimum of 192 licenses within the state by January 24. Judge Daniel Green, with the Cole County Circuit Court, ordered the delay of approval or rejection of one applicant for…

TuesdayJan 21, 2020 4:20 pm

420 with CNW – Oregon Report Shows Recreational Weed Sales Are Highest Along Idaho Border

The Oregon Office of Economic Analysis released a report which showed that marijuana sales are most substantial along the Oregon border with Idaho. It is noteworthy that recreational marijuana is illegal in the state of Idaho, so residents who wish to consume it have to buy it from Oregon. According to the report which was issued on Friday, adult marijuana sales along the border of Oregon and Idaho are 420% the statewide average, wrote Josh Lehner of the Oregon Office of Economic Analysis. It is ironical that the percentage is 420 since that also happens to be the colloquial term…

TuesdayJan 21, 2020 2:07 pm

NECANN Sponsors Revolutionary CBD Convention in the Cradle of Liberty

Boston is the site for revolution once again, but this movement is a peaceful one. The focus is on CBD and hemp this time around, as the sixth annual New England Cannabis Convention (NECANN) gets underway in the city, famously dubbed the ‘Cradle of Liberty’. NECANN – the East Coast’s largest cannabis industry event – takes place March 20-22, 2020, at the Hynes Convention Center. With a mission of cultivating collaboration in the CBD/hemp industry, NECANN consistently attracts the largest number of hemp, MMJ and cannabis industry professionals in the Northeast to its annual Boston cannabis convention. In 2019, more…

TuesdayJan 21, 2020 12:22 pm

MCTC Holdings Inc. (MCTC) Announces Drive to Make THC-V Extract Useful at Nanoparticle Levels

MCTC Holdings Inc. (soon to become Cannabis Global Inc.) is a cannabis science innovator working to develop marketable infusion technologies based on the premise of cannabinoid extract efficiency at extremely low quantities MCTC recently announced the launch of Project Varin, an effort to develop nanoparticle and nano fiber expressions of ultra-rare tetrahydrocannabivarin (THC-V) and to make those useful biologically at such extremely small levels The company also plans to develop the rare cannabinol (CBN) extract by the same means MCTC recently announced a new revenue stream through an infused coffee product under its Hemp You Can Feel label Visionary cannabinoid…

TuesdayJan 21, 2020 4:20 am

420 with CNW – Illinois Weed Shops Grapple With Staff Shortages Amidst High Product Demand

Apart from the weed shortage in Illinois, marijuana shops are also experiencing a shortage of state-approved employees who can work behind the counter since the sale of marijuana was launched on January 1. Due to a current marijuana shortage, some of the marijuana shops selling adult-use marijuana have closed shop or reduced their sale hours. Others, such as Cresco Labs and PharmaCann, closed their shops on Monday to give their employees a much-deserved break after working five days of long shifts. The shops did not close due to the weed shortage. On Saturday, the spokesman for Cresco Labs, Jason Erkes,…

FridayJan 17, 2020 4:20 pm

420 with CNW – CMC Urges UK Government to Rethink Medical Marijuana Policy

On Wednesday, the Centre for Medicinal Cannabis (CMC) requested the United Kingdom government to perform an urgent review of the medical marijuana policy regarding marijuana accessibility. The request came after the CMC published the findings of a UK survey. The poll investigated the general public consumption frequency of street-available marijuana in England, Wales, and Scotland. The YouGov survey had 10,602 respondents, and the study findings were published in a new report referred to as 'Left Behind-The Scale of Illegal Cannabis Use for Medicinal Intent'. According to the survey findings, more than 1.4 million people (2.8% of the adults) are treating…