NewsRoom Articles - Page 385 of 592

MondaySep 16, 2019 4:20 am

420 with CNW – Medical Marijuana Prices in Michigan Rise as Recreational Sales Near

The cost of cannabis flower in Michigan has risen by about 50 percent from the time medical marijuana became available in the state nearly ten months ago. In August, the wholesale price of an ounce reached $249, the highest it has ever been from the time the regulated market was opened. This increase in the price of marijuana flower comes as the supply is declining. This decline started in April and the numbers have been dropping to the lowest point in August. The price hike comes despite the fact that while marijuana from caregivers is still dominating the market, the…

FridaySep 13, 2019 4:20 pm

420 with CNW – Florida AG Opposes One Recreational Marijuana Ballot Initiative

There are three initiatives aimed at putting a recreational ballot measure on the 2020 ballot in Florida, but one of those initiatives has been singled out by the Attorney General as being too long and should therefore be rejected by the Supreme Court of Florida. The ballot initiative that AG Ashley Moody has turned her guns on is sponsored by a group called Sensible Florida. That initiative seeks to legalize recreational cannabis for adults who are at least 21 years old. Michael Minardi, the chairperson of Sensible Florida, says that the bulk of this constitutional amendment seeks to establish a…

FridaySep 13, 2019 12:27 pm

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) Posts 377 Percent Revenue Increase in Second Quarter

West Coast-based IONIC Brands has expanded its recreational cannabis vape products line with acquisitions that grant it edibles and infused product potential, as well as Bluetooth-enabled hardware that revolutionizes its vape lines The company recently reported its second quarter financials, including record revenues that exceeded the prior year’s period by 377 percent for a total of $3.86 million The company also completed two concurrent rounds of financing that added gross proceeds of C$20 million IONIC expects to launch a Bluetooth-enabled Slim-line Vape pen during the third quarter as a new product offering IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) recently…

FridaySep 13, 2019 11:49 am

Wildflower Brands Inc.’s (CSE: SUN) (OTCQB: WLDFF) Growth Continues with Opening of Two British Columbia Stores

Wildflower Brands is expanding its presence in British Columbia and across Canada following its acquisition of Vancouver-based City Cannabis Corp., which recently announced two more store openings The company has hundreds of U.S. outlets for its cannabidiol product line, with a focus on the burgeoning cannabis markets in Washington and California and expectations for European expansion Wildflower’s entry into British Columbia gives it access to a region with a reputation as the most cultured cannabis market in the world, where summer tourism swells the population and the average annual household income of many residents exceeds $86,000 Cannabis-based wellness company Wildflower…

FridaySep 13, 2019 4:20 am

420 with CNW – California Audit Uncovers 3,000 Illegal Marijuana Businesses

An audit done by a marijuana business association has revealed that the number of black market cannabis industry players is thrice the number of the licensed marijuana businesses in the state. The audit, whose findings were made public on Wednesday, indicates that there are 2,835 illegal marijuana businesses operating within California while the statistics from the Bureau of Cannabis Control show that only 873 companies are licensed to conduct marijuana-related business activities within the state. This means that the number of illicit players dwarfs those who are within the licensed marijuana space. The audit was done by an industry group…

ThursdaySep 12, 2019 4:20 pm

420 with CNW – DEA Wants 3,200 Kilos of Marijuana Grown Legally in 2020

Next year, the Drug Enforcement Administration (DEA) plans to authorize the cultivation of 3,200 kilos of marijuana that will be used for research and other federally-approved purposes. This plan is part of the anti-narcotics agency’s annual quota for the production of controlled substances that will be used for the scientific, medical, research and industrial needs of the U.S. The quota also includes the amounts of controlled substances that are needed to address the lawful export needs of the country as well as maintaining reserve stocks of those controlled substances. The planned volume of marijuana for 2020 indicates a 30 percent…

ThursdaySep 12, 2019 11:37 am

New West Summit 2019 Shaping Up to be Cannabis Octoberfest

This fall, New West Summit 2019 is set to fill San Francisco with a confluence of ideas and investment in the cannabis space. The conference, now in its fifth year, also promises to be a veritable Octoberfest, packed with an abundance of entertainment and networking opportunities, as well as three exciting parties. Slated for October 10-11, 2019, at the Bespoke Event Center in San Francisco, New West Summit 2019 will be the first conference to focus exclusively on the game-changing, disruptive developments in technology, investment and media within the cannabis industry. The summit will include over a hundred panel discussions…

ThursdaySep 12, 2019 4:20 am

420 with CNW – Former FDA Boss Hints Marijuana Legalization Is Necessary for Public Health Reasons

The former head of the FDA has said that the conflict between the federal and state marijuana laws has created regulatory gaps which have given chance to tainted or substandard products to enter the market, resulting in the fatal lung injuries that have been reported recently. He hinted that federal action could put an end to this problem. In a series of tweets, Scott Gottlieb said that the permissive marijuana laws of different U.S. states cause him a lot of worry since they give adults unfettered access to recreational marijuana and yet there are no federal regulations to oversee the…

WednesdaySep 11, 2019 4:20 pm

420 with CNW – Feds Say Researchers Should Access Marijuana from Licensed Dispensaries

In their reply to a letter written by Sen. Brian Schatz (D-HI), the Food and Drug Administration (FDA) and the National Institutes for Health (NIH) wrote that researchers should be allowed to access marijuana from licensed dispensaries in states where marijuana is legal instead of being compelled to rely on the single source licensed by the federal government. In that same letter, the federal agencies discussed how the prohibition of marijuana at the federal level was limiting marijuana research. These limitations include the quality and diversity of research-grade marijuana. Studies have revealed that the marijuana grown at the only federally…

WednesdaySep 11, 2019 12:27 pm

New West Summit to Focus on the Future of the Cannabis Industry, 50% Discount on Tickets Available Until End of September

The 50 percent discount applies to both conference days, as well as the additional parties NWS5 has a diversified program that consists of keynote speeches, industry talks, a hack-a-thon, investment competitions for startups and afterparties Topics will include the future of cultivation, investing in cannabis, business ethics, disruptive innovation, seed genetics, marketing and more New West Summit (“NWS5”), the cannabis tech conference of the year, is scheduled to take place October 10-11, 2019, at San Francisco’s Bespoke Event Center, Under the Dome and Virgin Hotel. As the first conference to focus exclusively on game-changing developments in media, technology and investment…