NewsRoom Articles - Page 440 of 603

TuesdayMay 14, 2019 9:00 am

Hemp Companies Move to Tackle CBD Shortfall

CannabisNewsWire Editorial Coverage: A boom in demand for cannabidiol (CBD) has created an alarming shortage, which savvy hemp companies are aggressively looking to solve. Cultivation supplies company Sugarmade Inc. (OTCQB: SGMD) (SGMD Profile) has acquired several other suppliers, allowing it to benefit from economies of scale. Canadian cultivator Tilray Inc. (NASDAQ: TLRY) is investing heavily in new growing space. Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) has expanded from Canada into the United States and is collaborating with other companies to meet demand. Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) has received a substantial inflow of funds from a tobacco…

TuesdayMay 14, 2019 4:20 am

420 with CNW – Health Canada Changes Tactics in a Bid to End Cannabis Shortages

Tired of the endless cannabis shortages which have threatened to hand the legal cannabis industry back to the black market, Health Canada has come up with a new way to increase how soon a newly licensed cultivator can start growing cannabis. The solution that Health Canada wants to start implementing entails giving production licenses to entities which already have a cultivation facility ready. This means that companies which want to grow cannabis will have to first construct the greenhouses they intend to use so that the facilities can be ready for inspection by Health Canada. Facilities which pass the inspection…

MondayMay 13, 2019 4:20 pm

420 with CNW – 38 Attorneys General Urge Congress to Open Banking System to Marijuana

Thirty-eight attorneys general have written a letter to Congress asking the lawmakers to pass legislation which will enable the banking industry to receive money from legitimate marijuana businesses. The attorneys general are from different states and territories where marijuana is legal in some form. While more than 33 states have legalized medical marijuana and 10 states plus the District of Columbia have legalized recreational cannabis, the federal government still regards marijuana as an illegal substance. This federal government position means that banks face a risk of federal enforcement action if money from the cannabis industry finds its way into any…

MondayMay 13, 2019 1:36 pm

7 Benefits for Treating Multiple Sclerosis with Cannabis

Multiple Sclerosis (MS) is an autoimmune disease characterized by chronic inflammation of the myelin sheath that encloses nerves in the brain and spinal column. When this tissue becomes inflamed for long periods of time, it causes irreversible tissue damage that inhibits the ability of the nerves to communicate with the body through the central nervous system. The result of this damage is chronic pain, loss of motor control, fatigue, and muscle spasticity and weakness. Over the last several years, extensive research has been performed to study the effects of cannabis on the symptoms associated with MS. The results have been…

MondayMay 13, 2019 1:24 pm

ChineseInvestors.com Inc. (CIIX) Subsidiary Launches Pop-Up Store Offering Hemp/CBD Products

CIIX recently became the first Chinese company to sell CBD products in the United States The company launched a pop-up kiosk in the Glendale Galleria Mall to sell industrial hemp/CBD products CIIX recorded an 80 percent YOY increase in Q3 fiscal 2019 sales numbers ChineseInvestors.com Inc. (OTCQB: CIIX), having established itself as a leading financial information website for Chinese-speaking investors in the United States and China, recognized unprecedented opportunities in the U.S. cannabis industry. Seeing that opportunity, CIIX began laying the groundwork to capitalize on the growing demand for cannabidiol (CBD)-based nutrition and health products. In doing so, CIIX became…

MondayMay 13, 2019 12:41 pm

Green Hygienics Holdings Inc. (GRYN) Obtains the First Hemp Cultivation and Processing Licenses in the State of Michigan

The company excels at cultivation and works to control its own supply chain in order to ensure certified organic products and quality for hemp-derived CBD and marijuana Green Hygienics Holdings’ mission is to provide best-in-class medical and recreational consumers with premier cannabis products A full-scope, premium cannabis cultivation business, Green Hygienics Holdings Inc. (OTCQB: GRYN) is establishing itself as a leader in the advancement of science-driven cannabis cultivation systems. The company’s goal is to provide medical and recreational consumers with the best possible product and experience. Green Hygienics recently announced that it has secured licenses for the cultivation and processing…

MondayMay 13, 2019 12:26 pm

MustGrow Biologics Corp. Commercializing Patented Natural Biopesticide in Global Market on Course to Reach $6.4B by 2023

The biopesticides market is projected to grow at a CAGR of nearly 16 percent from 2018 to 2023 Increasing adoption of organic farming is a key driver of biopesticide market growth, with the sector expected to reach $6.4 billion by 2023 A patented natural biopesticide developed by MustGrow targets the fruit, vegetable, turf, ornamental and cannabis industries Net proceeds from the recent closing of $1.2 million in non-brokered private placements will help accelerate research and development efforts Agricultural biotech company MustGrow Biologics Corp. is focused on developing and commercializing its patented technology – a natural biopesticide and biofertilizer. MustGrow’s technologies…

MondayMay 13, 2019 4:20 am

420 with CNW – China Reaps from Cannabis Industry Boom

Look around your home and nearly half (or even more) of the products you see may have been made in China. Now China has jumped into the fray and it is bringing loads of CBD to the market in cosmetics, ingestible oil and other products. This boom is largely centered in just two of China’s 34 provinces. These provinces are cultivating the plants even if Chinese law is very strict on psychotropic drugs, with death sentences routinely handed out to drug traffickers. Hanma Investment Group is one of the first companies that secured a license to grow cannabis in Southern…

FridayMay 10, 2019 4:20 pm

420 with CNW – Ontario Cracks the Whip on Retailers Who Failed to Open on Time

The government in Ontario has enforced the penalties which were written into the conditions for the businesses that were selected to open the first offline cannabis retail stores. The businesses were mandated to open for business by April 1 this year. Hundreds of companies applied for brick-and-mortar recreational cannabis retail store licenses. However, the province decided to use a lottery to select just 25 businesses because of the persistent supply shortages in the country. The regulators felt that it would be pointless to license many businesses yet those businesses could not be certain that they would have access to inventory…

FridayMay 10, 2019 12:10 pm

Cannabis Strategic Ventures Inc. (NUGS) Praises Momentum, Expansion of Portfolio Company Asher House Wellness

Asher House co-founders recently appeared on The Ellen Show to highlight the company’s mission of moving dogs from shelters to homes Sales of hemp-based Asher House Thrive Oil fund dog-adoption efforts Through its controlling interest in Asher House Wellness, NUGS has enabled the adoption of more than 200 dogs in North America Cannabis Strategic Ventures Inc. (OTC: NUGS) portfolio company Asher House Wellness’ co-founders, Lee Asher and Luke Barton, recently appeared on The Ellen Show to discuss their cross-country journey to rescue sheltered animals and move them into loving homes (http://cnw.fm/E6uxT). The two men represented the Asher House team on the…