NewsRoom Articles - Page 369 of 600

ThursdayDec 26, 2019 4:20 pm

420 with CNW – Canadians Consume 100 Tons of Recreational Weed in First Year of Retail Sales

Data from Health Canada shows that Canadians purchased about 100 tonnes of legal adult-use marijuana within the first year of legalization and that the level of available stock continues to increase. According to the monthly Marijuana Tracking System from Health Canada, the dried flower marijuana sold in Canada within its first year of legalization amounted to 88,676 kilograms. The overall sale of dried buds has tripled since October 2018. Data from Health Canada further showed that at the end of September, the finished and unfinished dried marijuana inventory held by farmers, processors, distributors, and retailers amounted to 380,666 kilograms, which…

ThursdayDec 26, 2019 12:22 pm

USA CBD Expo 2020 to Warm Winter Weather in Vegas

The nation’s most popular CBD/hemp trade show is back with a bang. February 13-15, 2020, the USA CBD Expo kicks off at the Las Vegas Convention Center, opening its doors once again to thousands of growers, retailers, buyers and enthusiasts. No one will be left out in the cold – or in the dark, for that matter. Last year, the inaugural convention, held in August at the Miami Beach Convention Center, drew more than 13,000 attendees from all corners of the cannabis world. This year will be no different. A Vegas calling card always trumps. The show will highlight the…

ThursdayDec 26, 2019 12:01 pm

LiveWire Ergogenics Inc.’s (LVVV) ‘Do It Right’ Approach Positions Company for Strong Presence in Market Expected to Grow

Industry analysts project the cannabis market will reach $80 billion over the next decade LVVV philosophy supports momentum of this new, promising industry LiveWire particularly optimistic about company’s acquisition of Estrella Ranch property; beginning operation of first-ever estate-grown ‘Weedery’ soon Despite a significant slowdown in the cannabis sector in the past year, LiveWire Ergogenics Inc. (OTC: LVVV) expects to perform well moving forward into 2020 as experts predict the industry will pick up. As operating ineffectively – and even illegally – are being weeded out and the industry grows, LVVV’s commitment to “doing things right,” combined with its innovative business…

ThursdayDec 26, 2019 4:20 am

420 with CNW – Chicago Mayor Wants Marijuana Consumption Allowed in Some Public Places

On Wednesday, Chicago Mayor Lori Lightfoot introduced a proposed ordinance that would allow licensing of marijuana consumption sites that are safe and legal. This is an effort by the mayor’s office to expand the economic opportunities presented by the ever-growing marijuana industry across the city of Chicago by bringing in more entrepreneurs. Illinois lawmakers approved the bill legalizing recreational marijuana which was later signed into law by the Democratic Governor J.B. Pritzker. Adult-use marijuana will be legal in Chicago as from January 1. In a public statement, Lightfoot said that the city of Chicago is preparing for legalization ahead of…

MondayDec 23, 2019 4:20 pm

420 with CNW – Michigan Retailers Sell Recreational Weed Worth $3M in First Two Weeks

It is the second week of marijuana sales in Michigan, and although the lines are not long, and the sales have reduced, the adult-use marijuana business remains brisk. Reports from the Marijuana Regulatory Agency in Michigan show that the few numbers of retail marijuana outlets selling recreational marijuana have been able to collect a total of $3.1 million in sales so far. The businesses located in Ann Arbor were able to collect $1.6 million in sales during the first week of recreational marijuana sales, which took place between December 1-8. During the second week of recreational cannabis sales, which was…

MondayDec 23, 2019 11:26 am

MCTC Holdings Inc. (MCTC) CEO Praises Cannabis Infusion Technology Company’s Direction in Year-End Shareholder Letter

MCTC Holdings Inc. is raising a toast to its advances and plans for 2020 in a year-end letter to shareholders that recaps the company’s management restructuring and change in strategy during the past year MCTC has filed for a fifth patent for its Hemp You Can Feel product line as it continues developing mechanisms for using microparticle and nanoparticle technology to make cannabinoid compound delivery to the bloodstream more effective The company is preparing to change its company identity to Cannabis Global, Inc., and to introduce several new direct product offerings based on its IP technologies, including glycosides and nanoparticles…

MondayDec 23, 2019 4:20 am

420 with CNW – Two More Polls Show Americans Support Marijuana Legalization

The majority of U.S. citizens are in favor of broad marijuana legalization, revealed two new national surveys. A Fox News poll found that 63 percent of the poll survey participants are in support of the legalization of recreational marijuana across the country while 34 percent are against the marijuana reform policy. There were 1,000 respondents, and the survey was conducted through phone interviews in the month of December. A Marist survey involved 1,744 respondents and was conducted in partnership with NPR and PBS. The poll was also held this month, from the 9th to the 11th. The survey findings showed…

FridayDec 20, 2019 4:20 pm

420 with CNW – New Jersey Lawmakers Approve 2020 Marijuana Legalization Referendum

On Monday, the majority of New Jersey lawmakers approved the 2020 ballot question seeking to legalize recreational marijuana, meaning that the voters are the ones to decide on marijuana legalization during the 2020 elections. The ballot question was passed by 49-24 votes in the Democrat-led Assembly, while in the Senate, the measure was approved by 24-16 votes. Although Governor Phil Murphy is in favor of marijuana legalization, it is not a must for the proposal to go before him. The approved question asks the voters if they approve the consumption and possession of adult-use marijuana by people above the age…

FridayDec 20, 2019 4:20 am

420 with CNW – Top 5 Holiday Destinations for Marijuana Lovers

Marijuana destinations are a trend that is accelerating in the travel industry across the globe. This is because marijuana fans are always on the lookout for the next adventure and they love trying out new things. If you are a weed fan and you are looking to go on a cannabis vacation, get your gear ready because listed below are the five best marijuana destinations. Colorado, USA The legalization of recreational marijuana and sale of marijuana in the U.S. was first done in Colorado and the state is the largest medical marijuana market in the United States. Cannabis is cultivated…

ThursdayDec 19, 2019 4:20 pm

420 with CNW – Tech Companies Launch First Digital Payment Platform for Marijuana

For several years since American states started legalizing marijuana, the most significant challenge has been the issue of dealing with finance since financial institutions such as banks and credit unions were wary of conducting business with marijuana companies. This is because marijuana is classified as a Schedule 1 drug under the Controlled Substances Act, hence making it illegal. The marijuana industry has been forced to operate on a cash basis due to a lack of access to financial institutions, and this has led to a load of challenges such as slower payments and vulnerability to theft. The inability of marijuana…