NewsRoom Articles - Page 426 of 541

SaturdayJan 12, 2019 4:20 am

420 with CNW – The Most Expensive Cannabis Product is Sold in Las Vegas

In true Las Vegas fashion, the record for the most expensive cannabis product ever sold (so far) has gone to a cannabis dispensary where a restaurant owner bought a “cannagar” (a cigar that contains marijuana instead of tobacco) at $11,000. This record-breaking purchase was made by Brandon Hawkins after he flew to Las Vegas from Los Angeles with the sole purpose of buying this specialty product. The scene of this purchase was Nuwu Cannabis Marketplace found on tribal land. The cannagar was wrapped in a 24-carat gold leaf, part of the reason why it was so expensive. Brandon Hawkins said…

FridayJan 11, 2019 4:20 pm

420 with CNW – Feds Plan to Spend $1.5 Million on Cannabis Research in 2019

The U.S. federal government has plans to give researchers $1.5 million to study the minor components of cannabis and the terpenes in the plant during the 2019 funding cycle. The money will go to researchers who want to study how cannabis components, excluding THC, affect pain management. NCCIH (National Center for Complementary and Integrative Health) published a notice asking researchers to show interest in studying terpenes and minor cannabinoids. The funding will go towards understanding how those minor cannabinoids and terpenes work to relieve pain either in isolation or in combination with each other. The notice published by NCCIH stressed…

FridayJan 11, 2019 3:37 pm

The Cannabis Industry Is Exploding Before Our Very Eyes

The cannabis industry is exploding before our very eyes. Sure this plant has always been popular in the underground market – however, right now is the first moment in history where people can participate in the cannabis industry in a completely legal, above-board, legitimate way. And that is exciting beyond belief! However, there’s a really serious problem in the industry right now. Companies (all around the world) are either hiring like crazy or getting ready to start their hiring spree – but they can’t find people who know anything about cannabis. And the learning curve is steep. Most people don’t…

FridayJan 11, 2019 12:07 pm

ChineseInvestors.com, Inc. (CIIX) Readies Spin Off of CBD Biotech Co. Ltd. Subsidiary and Retains Underwriter for IPO

CIIX recently hired Boustead Securities LLC as underwriter for the planned IPO of its wholly owned subsidiary, CBD Biotech Warren Wang, CEO of CIIX, said that the move is part of its strategic plan, as CIIX looks to return to its root activities in education and consulting with companies seeking to raise profile within the investment community Boustead Securities would serve as IPO sponsor and underwriter, CIIX said ChineseInvestors.com, Inc.’s (OTCQB: CIIX) retention of Boustead Securities LLC for its anticipated IPO of wholly owned foreign enterprise CBD Biotech will enable the company to focus on its revenue base in video…

FridayJan 11, 2019 11:47 am

Icon Exploration Inc. (TSX.V: IEX.H) Builds Cannabis Product Pipeline While Awaiting ACMPR Approval

Canada’s “green rush” cannabis market challenges have revealed the importance of securing product pipeline Icon Exploration’s pending reverse takeover of LP applicant City View Green positions it to acquire 40,000-square-foot cultivation facility City View Green also holds option on additional 125,000 square feet of farm and extraction space for its planned edibles, distillates and water-soluble brands As investors and consumers alike assess the gains and losses evident during the “green rush” of 2018, when companies such as Icon Exploration Inc. (TSX.V: IEX.H) launched aggressive efforts to capitalize on changing laws and attitudes regarding cannabis, their attention is turning toward companies…

FridayJan 11, 2019 11:10 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) CEO Discusses Company Initiatives at O’Cannabiz 2018

Lexaria Bioscience has its innovative DehydraTECH drug delivery platform The company’s DehydraTECH technology is complementary to other R&D being done on cannabinoids Lexaria recently attended O’Cannabiz 2018 in Vancouver A biotech company, Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) offers a unique platform that makes it possible to deliver bioactive substances through oral ingestion. Its DehydraTECH technology accomplishes this without the need for unhealthy inhalational dosing. DehydraTECH uses only GRAS (Generally Recognized as Safe) ingredients and increases bio-absorption by five to 10 times. Based in Kelowna, British Columbia, Lexaria Bioscience is the only company globally with patents issued for the…

FridayJan 11, 2019 10:20 am

SinglePoint, Inc. (SING) Eyes Unique Production of CBD Cell Cultures with Investment in TorusMed Inc.

Recent passage of 2018 Farm Bill clears way for farming of industrial hemp and production of cannabidiol (CBD) Photobioreactors currently used in cultivation of green algae, a high protein dietary supplement or whole food cultivated worldwide with multiple industry uses Project goal includes mass production of CBD from cell cultures of industrial hemp SinglePoint’s online CBD distribution subsidiary, SingleSeed, poised for significant growth as selection of CBD products increases in 2019 Hemp-derived CBD market expected to reach $1.3 billion by 2022 SinglePoint, Inc. (OTCQB: SING), a fully reporting technology company providing mobile payments, blockchain solutions and ancillary cannabis services, is…

FridayJan 11, 2019 4:20 am

420 with CNW – Ontario to Select Cannabis Retailers Using a Lottery

Did you, in your wildest dreams, ever imagine that the start of your business venture would depend on the outcome of a lottery? Well, that is exactly the fate awaiting cannabis retail license applicants in Ontario, Canada. The provincial government led by the Progressive Conservatives has decided to use a lottery to select the first 25 private entities that will be allowed to open marijuana retail businesses. Previously, the province had resolved to sell recreational cannabis in government-run retail outlets only. However, the change of government towards the end of the year resulted in a modification of that plan, thereby…

ThursdayJan 10, 2019 4:20 pm

420 with CNW – Cannabis Concentrates Could Be Bigger than Edibles in Canada

Canada is slated to legalize cannabis edibles sometime this year and the population is filled with excitement regarding these products. However, if the trend in the U.S. states where edibles are legal is anything to go by, then edibles will not be the biggest moneymaker. Something else, concentrates, will be king of the market. For example, edibles fetched $685 million from the start of 2018 to October the same year in Oregon, Colorado, California and Arizona. However, the same period saw consumers spending approximately $1.4 billion on marijuana concentrates. The bulk of that money spent on cannabis concentrates was for…

ThursdayJan 10, 2019 12:19 pm

This Week in Cannabis: Big News Most People Overlooked

This last week had quite a few notable cannabis happenings at the local and federal level. Some of the news was inspiring and at least one item was a bit disappointing, and either way, it was all newsworthy. Here are the big highlights you might have missed: Congressman predicts 'best chance yet to make big moves on cannabis reform' What happened: The 116th Congress is officially in session and it is packed with more cannabis supporters than ever. Congressman Earl Blumenauer (D-OR) is already predicting that it will be Congress's "best chance yet to make big moves on cannabis reform." Why it…