NewsRoom Articles - Page 372 of 596

TuesdayNov 26, 2019 4:20 am

420 with CNW – New Jersey Could Have the Lowest Weed Taxes According to Voter Measure

If everything goes according to plan, New Jersey could be the state with the lowest tax rate for legal weed sales. Voters are expected to vote on a marijuana legalization measure that seeks to allow the state to subject a sales tax of 6.625% on legal weed sales. All cities allowing the sale of legal weed would be authorized to impose a maximum of 2% transfer tax which would total up to 8.625%. This would still be the lowest tax imposed on legal marijuana sales in the U.S. According to marijuana analysts, the low taxes would enable legal marijuana to…

MondayNov 25, 2019 4:20 pm

420 with CNW – Key Congressional Committee Passes Marijuana Legalization Bill

On Wednesday, a key Congressional committee passed legislation that would decriminalize and tax marijuana as well as expunging federal marijuana convictions. However, to become law, it has to be approved by the full House and the Republican-controlled Senate. The House Judiciary Committee passed the bill by a vote of 24 to 10. The bill is known as the Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 and was introduced by Rep. Jerrold Nadler (D-NY) and co-sponsored by more than 50 legislators. The legislation has the following provisions: Remove weed from Schedule 1 of the Controlled Substance Act, which includes…

MondayNov 25, 2019 12:51 pm

SinglePoint Inc. (SING) Reports Record Quarter, Projects Promising Future

Company reports revenue growth of 176%, gross profit increase of 30% Acquisition of Direct Solar has exceeded revenue growth targets; subsidiary projected to reach $15 to $25 million in contract origination in 2020 Following successful product introduction at NACS 2019, SING launches wholly owned 1606 Original Hemp cigarette SinglePoint Inc. (OTCQB: SING), a leading technology and acquisition company, has announced its financial results for third quarter 2019 (http://cnw.fm/9jzqI). Highlights include a revenue increase of 176% over the same period in 2018 and a gross profit increase of 30%. The revenues and gross profit are on an upward swing. This is…

MondayNov 25, 2019 10:25 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Anticipates Increased Funding of up to $103 Million

TGOD’s ability to secure significant capital reflects its establishment in industry and strong governance foundation The financing plan involved several components, including a sale-leaseback of Ancaster Energy Centre, a $40 million construction mortgage loan with an investment fund, and a $30 million convertible note. Company plans for utilization of capital include completing construction of its various facilities and achieving national product distribution The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, recently signed agreements for increased funding amounting to up to $103 million. The company’s ability to secure capital at a…

MondayNov 25, 2019 4:20 am

420 with CNW – Minnesota Marijuana Legalization Advocates Take Lessons from Colorado

This week, former Colorado public officials Stanley Garnett and Doug Friednash, who were opposed to marijuana legalization, shared their opinions with Minnesota legislators about the things to consider if cannabis is to be legalized. The two are currently members of a Denver law firm with a department dealing with marijuana and industrial hemp. They said that they are sure they made the right decision by opposing legalization. At the time of their speech, they were invited to Minnesota by Ryan Winkler, who is the Minnesota House Majority Leader. Winkler is heading the cannabis legalization initiative in Minnesota. The two said…

FridayNov 22, 2019 4:20 pm

420 with CNW – Michigan Starts Issuing Recreational Marijuana Sales Licenses

The legal sale of adult-use cannabis will happen soon after Michigan regulators issued the program's first business license on Tuesday. While inside a retailer’s Ann Arbor store, the director of Michigan Marijuana Regulatory Agency, Andrew Brisbo, issued three licenses to the leaders of Exclusive Brands. The licenses permit the business to grow, process, and sell adult-use pot. The general manager of Exclusive Brands, Nick Warra, said that licensing marijuana businesses would help in breaking down decades of stigma surrounding smoking weed. While standing inside the Ann Harbor store, Warra added that buying weed will be like going to the liquor…

FridayNov 22, 2019 4:20 am

420 with CNW – New Florida Bill to Protect Medical Marijuana Patients from Being Fired

The number of registered medical marijuana patients in Florida is estimated to be about 300,000. The patients are issued with medical marijuana cards that give them access to MMJ for them to legally to treat some medical conditions. However, these licensed users of medical marijuana in Florida are facing negative consequences at work and in school. Some of the people who have suffered a setback in their education or career because of medical marijuana include Kaitlin McKeon who enrolled for a nursing program at Nova Southeastern University. The school requires applicants to do a drugs test, and hers came back…

ThursdayNov 21, 2019 4:20 pm

420 with CNW – New Jersey Lawmakers Now Say Voters Will Have Final Say on Marijuana Legalization

In New Jersey, lawmakers are abandoning plans of legalizing marijuana through the legislature and are now looking to enter the proposal on the 2020 ballot for the voters to decide. On Monday, President of the Senate, Steve Sweeny and the Senate Judiciary Committee Chairman Scutari (D) in a press release said that their efforts to gather more support for the measure did not bear any fruit which is why they have filed a motion to allow New Jersey residents to vote on the matter in a referendum. In their press release, the leaders said that they are seeking for approval…

ThursdayNov 21, 2019 12:56 pm

Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF) Eyes Opportunity to Provide Biosynthetic Cannabinoids in Market with Explosive Potential

Willow’s plan to provide biosynthetic cannabinoid has potential to disrupt the cannabis-industry supply chain Biosynthetically derived cannabinoids offer unique advantages related to reliability, scalability, quality and cost Key collaboration allows company to capitalize on enormous market opportunity Willow Biosciences Inc. (CSE: WLLW) (OTCQB: CANSF), an emerging biotechnology company focused on the biosynthetic production of cannabinoids, believes that the cannabis industry presents an exciting opportunity for the well-positioned company. As the market anticipates the legalization of cannabis-derivative products in Canada, and the CBD legal landscape continues to change rapidly in the United States and around the world, cannabinoids are appearing as…

ThursdayNov 21, 2019 11:57 am

ChineseInvestors.com Inc. (CIIX) CEO Describes Tremendous Opportunity in CBD-Cosmetics to China’s Market of 1.4 Billion Consumers

CIIX anticipates launch of hemp-infused wrinkle cream in China Through subsidiary CBD Biotech, CIIX will focus hemp and CBD products on the blooming Chinese market The company noted impressive sales, revenue growth for Q1 2020, greatly due to success of CBD Biotech ChineseInvestors.com Inc. (OTCQB: CIIX) CEO Warren Wang noted the enormous potential for cosmetics infused with industrial hemp in a RedChip Money Report interview. This sentiment was echoed in his letter to shareholders, where he noted that CBD-infused cosmetics will the company and its subsidiary, CBD Biotech, to a Chinese market of 1.4 billion people. CIIX plans to launch…