NewsRoom Articles - Page 391 of 591

FridayAug 23, 2019 4:20 am

420 with CNW – Thai State Hospitals Start Distributing Marijuana Oils

Thai state hospitals have stocked up on cannabis oils and are ready to start dispensing them to patients, according to a press release by Anutin Chanvirakul, the Public Health Minister who also doubles as the Deputy Prime Minister of Thailand. Chanvirakul revealed that Thai state hospitals received a total of 4,500 bottles of marijuana extracts starting on August 7 as a result of the law which was passed in December to make medical cannabis legal in the Asian country. Under this new law, the government will be responsible for regulating the production, processing and sale of medical marijuana products. Companies…

ThursdayAug 22, 2019 4:20 pm

420 with CNW – Study Finds Cannabis Flower Tops Other Cannabis Products in Providing Pain Relief

A study whose findings were published towards the end of July has found that dried marijuana flower provides the highest level of pain relief when compared to other marijuana products. This conclusion was made after analyzing the data collected by an app which allows medical marijuana users to track the effects of the different medical marijuana products and dosage for different health conditions. The New Mexico University researchers wrote that higher THC concentrations in marijuana flower and other cannabis products were associated with better pain relief outcomes among the patients who used the Releaf App to track their medical cannabis…

ThursdayAug 22, 2019 11:46 am

Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Enters Alternative Cannabis Consumption Market With 49% Acquisition of Cannova

Nabis Holdings is working toward the fulfilment of its strategic expansion strategy in the cannabis field through acquisitions like the recent one of Cannova The investment goals of the Canadian investment issuer focus on numerous facets of the cannabis industry, including technology development The agreement with Cannova gives Nabis exclusive distribution rights to Cannova’s sublingual strips and all of the related technology Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) is working toward its strategic investment goal through a recently announced 49 percent acquisition of Cannova Medical Ltd., a provider of innovative solutions for cannabis consumption (http://cnw.fm/zpZ2n). Nabis aims to…

ThursdayAug 22, 2019 10:20 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Gives Outsized Revenue Guidance, Closes on Truverra Acquisition

SPRWF recorded revenues of approximately $19 million net of excise tax for Q4 2019, representing a jump of over 400 percent Supreme Cannabis forecasts net revenue for fiscal 2020 in the range of $150 million to $180 million The company recently closed on its acquisition of privately held Truverra for 14.7 million common shares The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) recently announced preliminary figures for the quarter ended June 30, 2019, and for its full fiscal year 2019 (http://cnw.fm/S1fOo). Preliminary figures show sales of $19 million net of excise tax for the three-month period. The company…

ThursdayAug 22, 2019 9:00 am

Hemp Industry Benefiting from U.S.-Chinese Trade War

CannabisNewsWire Editorial Coverage: While the huge increase in U.S. consumer demand from hemp extracts and hemp product is largely credited as the reason for the boom in the number of hemp acres under cultivation, there is a significant additional part of the hemp-growth story to tell. With a pending acquisition in the cultivation supply market, Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile) appears to be well poised to become a strong pick-and-shovel provider to the hemp industry. Even the large cultivators and suppliers are now getting in the hemp market. One of the first companies of the larger players to make…

ThursdayAug 22, 2019 4:20 am

420 with CNW – Four Key Lessons After Four Years of Recreational Marijuana in Colorado

Last year Colorado marked four years of legal marijuana sales and the data from the state government shows a number of lessons that other states can learn from Colorado’s experience. The following are some of those key lessons. The Revenue Potential is High It wasn’t just hype when marijuana legalization advocates campaigned on the promise that legalizing marijuana would be good for the economy. Colorado’s data reveals that cannabis sales amounting to more than $6 billion were recorded between 2014 and 2018. These sales resulted in tax revenue exceeding $1 billion, and the state coffers are the better for it.…

WednesdayAug 21, 2019 4:20 pm

420 with CNW – Federal Data Reveals Underage Marijuana Use Isn’t Increasing After Legalization

While marijuana legalization opponents often claim that legalizing the drug will cause underage use of marijuana to skyrocket, the data seems to contradict this view. The latest proof that the fears of those opposed to legalization are unfounded is survey data released by the Substances Abuse and Mental Health Services Administration-SAMHSA on Tuesday. SAMHSA released the results of the 2018 National Survey on Drug Use and Health showing that the proportion of youth who have used marijuana within the last 30 days was less than the percentage of those who had used the drug according to the survey results of…

WednesdayAug 21, 2019 12:22 pm

VPR Brands LP (VPRB) Building Brand Loyalty via Product Innovation in Cannabis, Nicotine Verticals

VPR Brands focuses on high-quality cannabis and nicotine products that build brand loyalty The company boasts a portfolio of innovative brands, including its flagship HoneyStick VPR Brands recently sponsored the ‘Complete Voters' Guide to 2020 US Presidential Candidates on Cannabis Issues’ A technology holding company, VPR Brands LP (OTC: VPRB) is focused on growing its brand presence in the cannabis industry by pioneering innovative products that garner customer loyalty. The company has a vested interest in supporting the cannabis industry and recently took the initiative to sponsor a comprehensive examination of presidential candidates’ stances on cannabis policies. This study is…

WednesdayAug 21, 2019 11:53 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Applies for Nasdaq Listing, Announces Quarterly Highlights

The Green Organic Dutchman has applied for listing of its common shares on the Nasdaq The company announced quarterly and half-yearly financial and operational results for the periods ended June 30, 2019 Progress of its construction efforts at two sites was included on a list of corporate highlights The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) recently announced that it has applied for a listing of its common shares on the Nasdaq. The listing will require numerous regulatory moves on the part of the company, including registration of the common shares and a confirmation by the Nasdaq that TGOD has…

WednesdayAug 21, 2019 4:20 am

420 with CNW – Maryland Court Rules Marijuana Smell Not Enough to Warrant a Body Search

The winds of change regarding marijuana laws around the country have evoked the lyrics of Bob Dylan when he wrote “The Times They Are a-Changin’” nearly 60 years ago. In fact, a court of law in Maryland quoted those very lyrics during its landmark ruling in a marijuana case in which the police was told they didn’t have “probable cause” to search the appellant just because the officers could smell pot. This landmark ruling traces its roots to the arrest of Michael Pacheco back in 2016. The 26-year old had been found in his parked car in Montgomery County. The…

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