NewsRoom Articles - Page 414 of 591

FridayJun 21, 2019 4:20 am

420 with CNW – How Marijuana Legalization Law in Illinois Differs from All Others

If, as is widely expected, Gov. Pritzker signs a bill that was passed to legalize recreational cannabis in Illinois, the state’s legalization law will be different from all others in several aspects. First, Illinois will have defied the odds to legalize adult-use marijuana legislatively. All the other ten states have done so through voter initiatives. Lawmakers in New Jersey and New York at one time seemed poised to pass bills legalizing recreational marijuana but intraparty disagreements have torpedoed those plans. Another way in which Illinois’ law is unique is that it contains provisions which are aimed at promoting social equity…

ThursdayJun 20, 2019 4:20 pm

420 with CNW – Medical Marijuana Dispensary Introduces its Own Credit Cards to Reduce Cash Transactions

Columbia Care, a medical marijuana company, has rolled out its own credit card as the cannabis industry struggles to find alternatives to having to deal in cash only. Just like banks, credit card providers have been reluctant to embrace the marijuana industry because of fears that they would be sanctioned by the federal government since marijuana remains an illegal substance federally. This has compelled most dispensaries to accept only cash, with ATMs being a frequent sight on the premises of dispensaries. Some dispensaries have designed systems which accept ATM or debit cards for making payments for purchases made. Columbia Care…

ThursdayJun 20, 2019 12:22 pm

Cannabis Drinks Expo to Feature More than 80 Global Exhibitors

Cannabis Drinks Expo will offer an opportunity to learn, network and source within the cannabis market Industry experts are expected to collectively examine the benefits of the burgeoning cannabis drinks category Special pricing on conference tickets ends July 10, 2019 Cannabis Drinks Expo by Beverage Trade Network is on the horizon, providing a gateway to the new legalized cannabis category. Taking place Thursday, July 25, 2019, from 9:00 a.m. to 5:00 p.m. at the South San Francisco Conference Center, the expo is expected to be the first event to give the global drinks industry the chance to convene and look…

ThursdayJun 20, 2019 11:47 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Celebrates Manufacturing, Distribution Permits as Latest California Cannabis Advances

TransCanna Holdings is working to establish 15 premium cannabis brands during the next two years in California, the world’s largest cannabis market TransCanna’s wholly owned TCM Distribution subsidiary is celebrating the recent acquisition of temporary manufacturing and distribution permits while continuing to seek state permits and permanent licenses The permits advance production efforts at TransCanna’s 10,000-square-foot satellite operation in Adelanto, California The City of Adelanto recently reduced taxes on cannabis transportation, lab services, cultivation enterprises and dispensaries TransCanna has signed an LOI to acquire Soldaze cannabis-infused fruit snacks, which has just added to its product line with a Spicy Mango…

ThursdayJun 20, 2019 11:21 am

VPR Brands LP (VPRB) Led by Seasoned Industry Professionals, Boasts Impressive Revenue Growth

VPRB’s CEO brings to the team 30 years of experience in sourcing, manufacturing, supply chain management, marketing, advertising and brand licensing The company’s COO played a pivotal role in launching VPR Brands’ cannabis-based product division VPR Brands has seen impressive quarterly results and is positioned as an up-and-coming player in the cannabis industry VPR Brands LP (OTC: VPRB), an innovative technology holding company, has partnered with top international brands in an effort to rise to the top of the booming cannabis industry. The company’s assets include issued U.S. and Chinese patents for atomization-related products, including technology for medical marijuana vaporizers…

ThursdayJun 20, 2019 10:13 am

SinglePoint Inc. (SING) Updates Revenue Forecast as Solar Contracts Exceed Expectations

Technology investment enterprise SinglePoint recently reported that its Direct Solar subsidiary recorded $1.7 million in solar installation contracts during a 30-day period, causing the company to ratchet up its revenue forecasts for the year The company expects to see about $803,769 in gross revenue and $361,541 in net profit from the contracts SinglePoint has also been focusing on the development of the hemp market, as hemp legalization in the United States has created a new pathway for agricultural profits SinglePoint’s ‘Strategics’ program, in cooperation with a national distribution partner that has access to several large retail chains, is providing a…

ThursdayJun 20, 2019 9:00 am

Acquisitions, Licenses, Research Key in Consistent Cannabis Market Growth

CannabisNewsWire Editorial Coverage: The cannabis sector continues its steady shift toward big business and big money, with much of growth based on acquisitions, agreements and consistent research. TransCanna Holdings Inc. (CSE: TCAN) (FRA: TH8) (TCAN Profile) is focused on creating a large operation with various licenses and recognized brands, with several key acquisitions, being part of that strategy. Medmen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) is in the process of acquiring PharmaCann, which recently received an extension to complete the development of its cultivation facility in Ohio. Cronos Group Inc. (TSX: CRON) (NASDAQ: CRON) just entered into a multiyear supply…

ThursdayJun 20, 2019 4:20 am

420 with CNW – Texas Governor Signs Bill to Expand Medical Marijuana Program

On Friday last week (June 14), Gov. Greg Abbott signed a bill that is focused on increasing the number of qualifying conditions for which patients can be licensed to use medical marijuana in the state. House Bill 3703 gives doctors permission to recommend any patient who suffers from seizure disorders (intractable epilepsy, for example), spasticity, Parkinson’s, multiple sclerosis, autism and several other conditions to access medical marijuana whose THC content doesn’t exceed 0.5 percent from the dispensaries licensed by the state. Joshua Raine, an Army veteran suffering from post-traumatic stress disorder, is one of the patients who pleaded with legislators…

WednesdayJun 19, 2019 4:20 pm

420 with CNW – Canadian Companies Forced to Delay Launching “Cannabis 2.0” Products

The effects of the longstanding cannabis shortages in Canada are being felt far beyond the empty shelves in retail outlets. When recreational marijuana was legalized on October 17, 2018, a promise was made that marijuana edibles, vapes, CBD and beverages (so-called cannabis 2.0 products) would be available for purchase exactly one year later. Now the regulator has delayed the start of retail sales of those products citing a procedural requirement for the producers. Health Canada, the regulator of the marijuana industry in Canada, held a briefing on Friday, June 14 in which the regulator informed the public that there would…

WednesdayJun 19, 2019 11:58 am

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Set to Flourish with Expanding Indoor Cannabis Production

The Green Organic Dutchman is building a name for itself as it works on production build-up from 2,000 kilograms of cannabis to 200,000 kilograms The company has facilities in Canada and is making inroads in Europe and Mexico through pharmaceutical networks In the United States, TGOD is finding access to the $20 billion functional beverage industry segment The advent of indoor cultivation that’s suitable for the cannabis industry has changed the commercial production capacity of marijuana and medical-grade cannabis suppliers. While the cannabis plant seeks the sun during the height of summer then flowers as the season ebbs, indoor cultivation…