NewsRoom Articles - Page 392 of 618

TuesdayDec 03, 2019 4:20 am

420 with CNW – DEA Puts Final Touches to 2020 Marijuana Cultivation Plans

The Drug Enforcement Administration’s (DEA) plans for authorizing the cultivation of 3.2 million grams of marijuana for research purposes in the 2020 planting season has been finalized. The 3.2 million grams is a 30% increase from 2019. In September, the DEA published a notice in the Federal Register which proposed the 3.2 million grams production of weed. The final notice to be released includes the sentiments of the people collected during the public comment period, which were from the health care providers, the general public, and state and federal officials. Most of the comments focused on the proposed reduction of…

MondayDec 02, 2019 4:20 pm

420 with CNW – Massachusetts Consumers Buy Legal Marijuana Worth $393 Million in First Year

It has been a year since Massachusetts started selling recreational marijuana, and although the state was not in a hurry to speed up the matter, the public was interested as they rushed to the retail stores immediately after the sale began. It took long to legalize adult-use marijuana in the state, but in November of 2016, the citizens legalized recreational cannabis through the ballot. In 2017, Massachusetts governor, Charlie Baker, signed legislation that changed the rules governing weed, pushing the sales of recreational marijuana back by six months. After overcoming several other hiccups, the Cannabis Control Commission (CCC) passed the…

MondayDec 02, 2019 2:16 pm

LiveWire Ergogenics Inc. (LVVV) Reports Positive Net Income, Gross Profit; Accelerates Build-Out of ‘Weedery’

LVVV generated 935% jump in Q3 2019 revenues over last year; net income for 2019 quarter rose LiveWire accelerating build-out of ‘weedery’ at Estrella Ranch, taking aggressive measures to increase revenue LVVV seeking to become one of first truly vertically integrated, high-end cannabis companies in California LiveWire Ergogenics Inc. (OTC: LVVV), a company operating within the health and wellness industry and focused on special purpose real estate acquisitions and the licensing and management of fully compliant turnkey facilities engaged in the production of cannabis-based products and services in California, recently documented significant net income gains for the three and six…

MondayDec 02, 2019 1:26 pm

MCTC Holdings Inc. (MCTC) Boosts IP with Hemp Infusion Replacing Alcohol in Beverages

MCTC Holdings Inc.’s work to develop cannabis-based infusion technologies has resulted in a compound that is a legitimate replacement for alcohol beverages The alcohol replacement technology is revolutionary because while based on hemp, levels are so low the hemp extracts utilized register on testing equipment as undetectable The company’s latest IP will form the basis of an ongoing series of products that will make up the company’s Hemp You Can Feel™ brand and may also be licensed as a white label product for other companies Cannabis infusion technology is a new frontier in the fast-expanding industry derived from society’s newfound…

MondayDec 02, 2019 11:08 am

ChineseInvestors.com Inc.’s (CIIX) CBD Biotech Subsidiary Highlighted in ‘WSJ’ Video Featuring Cannabis Industry Growth in China

Wall Street Journal analyzes China’s potential as a cannabis global superpower CEO of CIIX subsidiary discusses company’s role as CBD legal marketer in China, United States CIIX CEO says company is a first mover in legal industrial-hemp skin care and cosmetics in China ChineseInvestors.com Inc. (OTCQB: CIIX) subsidiary CBD Biotech Co. Ltd. and its CEO, Summer Yun, were featured in a Wall Street Journal video titled ‘Why China is Betting Big on CBD’ (http://cnw.fm/QW9t8). The video examines the growth of industrial hemp in China and notes that some see the country becoming a global super power in the CBD industry (http://cnw.fm/9lV5s).…

MondayDec 02, 2019 4:20 am

420 with CNW – Marijuana Companies Look to Europe for Greener Pastures

Marijuana companies in North America are experiencing lots of trouble, and companies that are looking to reap profits from cannabis are suffering from significant losses. In the meantime, European companies such as World High Life PLC are basking in the new opportunities brought by the emerging marijuana industry. The marijuana sector needs a fresh look because its markets remain unattractive despite the changes in equity valuation and investor attitudes. Canopy Growth holds the blue-chip marijuana market leader position. Before Constellation Brands Inc. acquired its first stake in 2017, Canopy Growth had already secured a significant amount of funds. A few…

WednesdayNov 27, 2019 4:20 pm

420 with CNW – President Trump Thinks Drug Prohibition is Doomed to Failure

During a vaping discussion held on Friday, President Donald Trump voiced his acknowledgment of the failure of policies banning drugs. He said that prohibiting access to drugs such as cigarettes, alcohol would only force consumers to acquire them through illegal routes. During the meeting, the president met with both the supporters and opposers to debate on whether to endorse restrictive policies like banning of flavored vaping products, a proposal that was brought up by his administration. President Trump further said that banning vaping products will force people to buy from the black market where they might buy products laced with…

WednesdayNov 27, 2019 11:29 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Creating Quality Transformative Brands, Eyeing International Growth

Supreme follows three-pronged strategy to produce high-quality cannabis and achieve deliberate growth Supreme Cannabis nears completion of construction on focused operating assets As production numbers and product lines grow, SPRWF continues international expansion The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of cannabis companies, is committed to using its knowledge of the cannabis plant to create transformative brands that deliver positive experiences. As a result, the company has emerged as one of the world’s fastest-growing, premium-plant-driven lifestyle companies by effectively deploying capital to build a diversified portfolio of successful cannabis brands. At the…

WednesdayNov 27, 2019 4:20 am

420 with CNW – 5 Banking Options Marijuana Companies Can Explore

Every month, many marijuana companies across the U.S. have to move physical cash from their premises in order to pay for utilities and other needed supplies and this is a common practice among marijuana businesses. Although marijuana is legal in most states in the U.S., banks that are federally insured have prohibited the opening of accounts for cannabis businesses. This is because they are afraid of being accused of criminal activity since federally, marijuana is a controlled substance under Schedule 1 of the Controlled Substances Act. The refusal of banks to conduct business with weed businesses has left them with…

TuesdayNov 26, 2019 4:20 pm

420 with CNW – Washington State University Teams Up With Pot Company to Study Medical Marijuana

On November 6, one of the universities which was granted federal land by the Morrill Acts of 1862 and 1890, Washington State University, announced that it would be partnering with Biopharmaceutical Research Company (BRC) to advance the research on medical marijuana and its impacts. BRC is a pharmaceutical company registered with the DEA. Washington State University issued a press release saying that it partnered with the pharmaceutical company to launch an innovative study to evaluate marijuana and speed up the pace of marijuana research. The partnership will give the WSU scientists access to marijuana for research purposes while adhering to…