NewsRoom Articles - Page 394 of 541

ThursdayApr 04, 2019 4:20 am

420 with CNW – Demand for Medical Cannabis Skyrockets on Rhode Island

As legislators on Rhode Island are thinking about legalizing recreational cannabis, the data on medical cannabis sales shows that the volume of products sold is setting state records year by year. Currently, the state has three licensed dispensaries selling medical cannabis products. These dispensaries are on course to sell medical cannabis products worth about $56 million during the 2019 fiscal year. If that target is hit, it will mark a 46.6 percent increase from the total sales of the previous fiscal year (2018). Medical cannabis sales for 2018 were also approximately 33.3 percent higher than what was registered in 2017.…

WednesdayApr 03, 2019 4:20 pm

420 with CNW – Cuomo Insists Recreational Weed Will Be Legal By June

When the $17 billion state budget was adopted without marijuana policy reflected in it, cannabis advocates were crestfallen because they realized that their dream of seeing marijuana legal for adult-use had just taken a major hit. However, Governor Andrew Cuomo has vowed that he will do everything possible to pass the law by June when the legislative session ends. The Governor said that the problem wasn’t the lack of political will to pass the law. Rather, there were differing opinions regarding the way in which legalization would be implemented in the state. Because of those differing views on implementation, it…

WednesdayApr 03, 2019 12:27 pm

Earth Science Tech Inc.’s (ETST) Strategy of Targeting Pharmacies for Cannabidiol Products Dovetails with Analysis of CBD Market

Cowen sees CBD “gaining traction” with independent pharmacies, which find the high margins and differentiation from larger chains offered by CBD oils attractive ETST is widening the market for its CBD products to pharmacies, dispensaries, health care practitioners and others under new distribution agreements Report projects that the cannabis market will reach $16 billion by 2025 and cannabis-based products will reach 10 percent of U.S. adults Earth Science Tech Inc. (OTCQB: ETST), a biotech company focused on the nutraceutical and pharmaceutical fields, is expanding its full-spectrum CBD product distribution to wider markets, including pharmacies. Cowen & Co. research finds that…

WednesdayApr 03, 2019 11:27 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Partners with Valens GroWorks, Anticipates Early Market Entry

Multi-year extraction services agreement with Valens GroWorks Corp. expected to accelerate TGOD’s Canadian hemp strategy and market entry TGOD is committed to producing premium, certified organic, consumer-preferred products Production strategy calls for 80,000 kg of cultivation by end of 2019 Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) is moving quickly to take advantage of Canada’s nascent legal cannabis market, which is expected to include CBD-infused products by October 2019. TGOD’s recently announced entry into a multiyear extraction services contract with Valens GroWorks Corp. (CSE: VGW) (OTCQB: VGWCF) underscores the company’s focus on meeting…

WednesdayApr 03, 2019 11:01 am

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Adds Pure, Pure Plus Tinctures to CBD+ Wellness Line, Plans Expansion

Pure and Pure Plus tinctures are formulated with hemp-derived CBD, milk thistle and hemp seed oil to provide inflammation relief and support healthy liver and heart function Hemp seed oil has been added to the new products for the optimal ratio of omega-3 and omega-6 fatty acids WLDFF’s product expansion comes against a backdrop of British Columbia retailers scrambling for dominance in the cannabis space Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) is expanding its CBD+ Wellness line with Pure and Pure Plus tinctures. Wildflower also recently announced that it is planning further additions to its CBD+ product line (http://cnw.fm/9MXve). The…

WednesdayApr 03, 2019 10:27 am

Meet the Harvard Physician Blazing New Trails in Medical Cannabis

Jordan Tishler, MD, is one of those physicians who will spend an hour with a patient. This hour is actually part of his onboarding process: getting curious about the patient's medical history, outlining the nuances for treating their condition, making sure they have the support and direction they need, and answering all of their questions. And with new patients there can be a lot of questions – because the Harvard-trained Dr. Tishler specializes in medical cannabis. In fact, most physicians in the Boston area will refer patients to his clinic InhaleMD if they suspect cannabis would be helpful. Early Success with…

WednesdayApr 03, 2019 9:00 am

CBD Industry Set to Explode as New Products, Consumers Enter Market

CannabisNewsWire Editorial Coverage: The U.S. Farm Bill that recently passed into law is a game-changer for the CBD space. While it is unknown when nationwide cannabis legalization may occur, incredible opportunities exist right now for CBD-focused companies that can deliver products to the marketplace. Demand is growing for organic CBD products in markets where such products are legal. Youngevity has made a series of strategic acquisitions to help establish the company’s position Companies ready to deliver CBD products to market at scale are in ideal position to capitalize on growing demand. Passage of the latest U.S. Farm Bill marked a…

WednesdayApr 03, 2019 9:00 am

Hemp Market Drives Hydroponics Growth

CannabisNewsWire Editorial Coverage: A surge in hemp production means big business for hydroponic suppliers. Hemp production set to massively increase in the United States this year. Increased production driving high demand for hydroponic supplies. Hydroponics companies are responding with expansion and acquisitions. Sugarmade Inc. (OTC: SGMD) (SGMD Profile) has strategically acquired several companies to meet demand and expand its foothold. Canadian-based Tilray Inc. (NASDAQ: TLRY) has expanded production in both Canada and Europe while Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) is developing projects in the United States, and Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) has received massive outside…

WednesdayApr 03, 2019 4:20 am

420 with CNW – Ontario Marijuana Stores Open as Fines Loom

When recreational marijuana was legalized across Canada on October 17, 2018, Ontario decided to start by only availing cannabis through a website run by the provincial government. Brick-and-mortar stores were slated to open in April this year, and yesterday (April 1) was the first day of storefront sales. The provincial government decided to use an unconventional way to select which applicants would be granted the first 25 recreational cannabis retail licenses early this year. It used a lottery to select the lucky 25 businesses to be first to open retail stores. Originally, the plan was to license as many retailers…

TuesdayApr 02, 2019 4:20 pm

420 with CNW – 50 Marijuana Dispensaries in Michigan Get Temporary Reprieve in Court

On Thursday last week (March 28), Judge Stephen Borrello of the Michigan Court of Claims issued a temporary order stopping the state from implementing its decision to close down any medical marijuana dispensary that hadn’t received its license by March 31. The restraining order gives the businesses in question another 14 days within which to get their operations legalized in accordance with the licensing requirements of the state. For long, players in the Michigan medical marijuana industry have been complaining that the state takes an inexplicably long time to process and issue a license to an applicant. This slow bureaucratic…