NewsRoom Articles - Page 418 of 606

WednesdayJul 17, 2019 4:20 am

420 with CNW – New Jersey Starts Accepting Applications from Additional Marijuana Businesses

On Monday, the Department of Health in New Jersey announced that interested parties could start submitting their applications to grow and sell marijuana. Both nonprofit and for-profit entities are eligible to apply during this round of licensing. Those planning to be growers or sellers of medical marijuana have until August 21 to submit their applications. New Jersey plans to license five additional cultivation facilities as well as 15 medical marijuana dispensaries. 4 licenses will also be granted to “verticals.” These are entities which are vertically integrated (they can cultivate, process and sell marijuana). Entities that apply for the licenses will…

TuesdayJul 16, 2019 4:20 pm

420 with CNW – Marijuana Legalization Results in Fewer Illegal Grows in National Forests, Study Finds

New research shows that as marijuana started being legalized for recreational purposes in different states across the U.S., the reported cases of illicit grow sites within protected lands started falling. The research findings, released in Ecological Economics, specifically point out that illegal grows on national forests saw a major decline in the Pacific Northwest after cannabis legalization started. USDA’s Forest Service analyzed the available data on the illegal marijuana grow sites discovered and reported between 2004 and 2016. This data was in regard to 111 national forests. The researchers considered several factors, such as the retail price of pot, state…

TuesdayJul 16, 2019 12:50 pm

One of the Leading Canadian Cannabis Licensed Producers – Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) Expanding Capacity

Organigram has distribution in all 10 Canadian provinces and has now received licensing approval from Health Canada for its Phase 4A expansion efforts, which are expected to bring its annual production capacity to 61,000 kg The company is well-positioned for Canada’s anticipated edibles and derivative legalization, expected in October 2019, with expanding production capacity, R&D and various strategic partnerships Phase 4 construction is on track for completion by the end of 2019, with an aim of increasing target production capacity to 113,000 kg per year once fully licensed and operational Organigram Holdings Inc. (NASDAQ: OGI) (TSX.V: OGI) is pursuing an…

TuesdayJul 16, 2019 12:22 pm

Green Hygienics Holdings Inc. (GRYN) Increases Presence in California and Michigan with Licenses to Cultivate Industrial Hemp

The global industrial hemp market is projected to grow from $4.6 billion in 2019 to $26.6 billion by 2025, at a CAGR of 34 percent Green Hygienics is authorized for commercial production of industrial hemp in California and Michigan and has plans to expand its cultivation capabilities to multiple states Green Hygienics is moving to purchase the Potrero Ranch property near San Diego, California, which offers ideal conditions for hemp cultivation Green Hygienics Holdings Inc. (OTCQB: GRYN), an innovative, science-driven premium cannabis cultivation and branding enterprise, is gaining momentum in its bid to expand the company’s cultivation capabilities to multiple…

TuesdayJul 16, 2019 11:56 am

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) Creating High-Quality Products and Brands that Consumers Trust

IONIC has grown from a family-run business selling vape pens in Washington state to an award-winning cannabis holding company with a multi-state portfolio The IONIC Premium Vape Pen holds a consistent spot in the top 10 vape brands in Washington, bringing in $9.9 million in sales in 2018 The company set the bar for trust and transparency in cannabis retail by partnering with Lucid Green to create the first-ever direct-to-consumer platform providing product-specific information A family-run business that began by selling vape pens in Washington state is now a publicly traded company positioned to take recreational cannabis nationwide and with…

TuesdayJul 16, 2019 11:26 am

Golden Developing Solutions Inc. (DVLP) Leading the Way with Premier CBD Products, Ancillary Software

DVLP provides business services and products for the cannabis industry The company’s focus is on cannabidiol and ancillary software DVLP is in the process of moving into a new production facility in Denver Golden Developing Solutions Inc. (OTC: DVLP) is an emerging leader in the CBD (cannabidiol) products marketplace and ancillary software. Golden Developing Solutions provides business services and products supporting the cannabis industry, including an online retail business for CBD, hemp oil and other health- and wellness-related products. Additionally, Golden Developing Solutions is concentrating on acquisitions of CBD firms that are in compliance with state and federal laws. Fundamentally,…

TuesdayJul 16, 2019 10:41 am

6 Amazing Medicinal Properties of Cannabis Terpenes

With at least 100 different terpenes having been identified in cannabis, these special compounds definitely deserve your attention. At first glance, terpenes are the organic compounds responsible for the wide variety of fragrant flavors and smells in cannabis. And that's only the beginning. Terpenes also have a synergistic effect with the other compounds in cannabis, essentially shaping the mood and feel of the cannabis experience. This is why cannabis varieties with similar cannabinoid profiles can have completely different effects – all thanks to the strain’s unique terpene profile. While we’re still discovering the full capability of these awesome plant molecules,…

TuesdayJul 16, 2019 9:00 am

With 10,000 Licenses Issued, California Reflects the Growing Power of Hemp

CannabisNewsWire Editorial Coverage: As hemp production increases, Californian legislators have extended the duration of thousands of cannabis cultivation licenses to support the state’s thriving industry. Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile) is supporting many of these companies that have cultivation licenses by providing cultivation and extraction equipment. Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), one of the biggest companies in the sector, is increasing its growing capacity while helping educate about medicines. Cronos Group Inc. (TSX: CRON) (NASDAQ: CRON) is leaning into new technology, with new facilities for R&D and processing. The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) (TGODF…

TuesdayJul 16, 2019 9:00 am

Waves of CBD Beauty Products Filling Shelves of Major Retailers Across the US

CannabisNewsWire Editorial Coverage: Mainstream retailers across the United States are embracing the growing popularity of the nonpsychoactive cannabinoid, cannabidiol (CBD), making room for CBD products on their prominent shelves. With the rise of these cannabis beauty products, major stores from luxury retailers Barney’s and Neiman Marcus down to Walgreens, Rite Aid and now Kroger are stocking products from a range of CBD SKU producers, including Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) (GGBXF Profile), Charlotte’s Web Holdings (TSX: CWEB) (OTCQX: CWBHF), CannTrust Holdings Inc. (TSX: TRST) (NYSE: CTST), Organigram Holdings Inc. (TSX.V: OGI) (NASDAQ: OGI) (OGI Profile) and HEXO Corp.…

TuesdayJul 16, 2019 4:20 am

420 with CNW – Senate Could Hold Hearings on Cannabis Banking Later this Month

The Senate Banking Committee could schedule hearings on bipartisan legislation on cannabis banking in as little as two weeks. This revelation was made by the chairman of that committee, Mike Crapo (R-ID) as he talked to American Banker. Crapo said that he was looking into the prospect of scheduling a hearing on the matter and added that the hearings will be “relatively soon.” This statement marks a huge change of heart for the senator from Idaho who is on record saying (in April) that he wouldn’t commit his committee to holding sessions on marijuana banking as long as marijuana is…