NewsRoom Articles - Page 448 of 603

ThursdayApr 25, 2019 9:00 am

Untapped Cannabis Market Offers Spectacular Growth Opportunities

CannabisNewsWire Editorial Coverage: The explosive growth recently seen in the cannabis industry presents a rare chance for savvy companies to profit in a virtually untapped market. Legal marijuana market projected to reach $146.4 billion. United States and Canada current epicenter of cannabis growth. Brand recognition and retail reach imperative for market share. The cannabis bonanza has created a rare window of opportunity for companies that are able to capture market share and create long-term success. Brand recognition and retail reach look to be key to obtaining these lucrative rewards. Shortly after posting its tenth consecutive quarter of increased revenues, Wildflower…

ThursdayApr 25, 2019 4:20 am

420 with CNW – Texas Lawmakers to Vote on Cannabis Decriminalization This Week

About a month ago, the Texas House Jurisprudence Committee passed a bill that would make low-level cannabis possession a crime punishable by a fine rather than jail time. That bill is now before the House and it will be voted on this week (Thursday). If the bill becomes law, anyone found in possession of an ounce or less of marijuana would pay a fine of $250. Such a crime would then become a Class C misdemeanor if one is caught more than twice. Under the current law, anyone who is found with two ounces or less of marijuana can be…

WednesdayApr 24, 2019 4:20 pm

420 with CNW – West Virginia Looks for Financial Institution to Handle Medical Cannabis Money

The Treasurer’s Office in West Virginia plans to issue a request for proposals (RFP) by the end of next month (May 2019) inviting interested financial institutions to submit their proposals for handling the money generated by the state from the medical cannabis industry. These funds will include license fees, fines, taxes and other revenues accruing from medical marijuana. Earlier this year, the legislature passed a law to expand the scope of the types of financial institutions that could express interest in handling this money from medical marijuana. Credit unions and other non-traditional banking companies are now eligible to apply. It…

WednesdayApr 24, 2019 1:57 pm

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Registers First Sales of Premium Cannabis, Cultivation Facility on Pace for Q3 2019 Completion

Even with its cultivation facility only 20 percent operational, the company reported record revenues from its first cannabis sales in 2018 Flowr announced that 20 fully constructed grow rooms will be available in Q3 2019, increasing its annual production capacity to 10,000 kilograms The company has also announced plans to expand its product line with the sale of seeds and clones once production is ramped up The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) registered a number of important milestones in 2018, despite the fact that its world-class cultivation facility was only 20 percent operational at the time. In an official…

WednesdayApr 24, 2019 12:37 pm

Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 7IP) Establishing Strong Reputation in Cannabis Sector with Anchor Investment Portfolio

The company’s acquisitions include fully-integrated licensed medical marijuana businesses and a cultivation/processing center in Arizona Investments have been announced for strategically located properties in Michigan with 10 approved cultivation licenses and one processing license An overwhelming 92 percent of states in the U.S. have legalized some form of cannabis The global legal marijuana market is expected to exceed $146 billion by the end of 2025 Nabis Holdings (CSE: NAB) (OTC: INNPF) (FRA: 7IP), also known as Innovative Properties Inc., is a Canadian company focused on strategically investing in high quality cash-flow assets within the cannabis sector. These carefully selected investments…

WednesdayApr 24, 2019 11:30 am

Anticipating Growing Demand, Earth Science Tech Inc. (ETST) Extends Reach into Burgeoning Cannabinoid Market

Earth Science Tech is well positioned to take advantage of the exploding cannabinoid industry One consumer survey found that nearly 6.9 percent of adults currently use CBD as a supplement The CBD product market is estimated to reach $16 billion by 2025, incentivizing all kinds of companies to create inroads into the lucrative space Earth Science Tech Inc. (OTCQB: ETST), a Florida-based biotechnology company focused on cannabis and cannabinoid research and development, nutraceuticals, pharmaceuticals and medical devices, is well-positioned to take advantage of the growing demand for cannabinoid products by offering the highest purity and quality cannabinoids on the market.…

WednesdayApr 24, 2019 9:58 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Completes Acquisition of Large California Site with Closed-Loop Cannabis Production Potential

TransCanna Holdings’ purchase of a 5.5-acre site in Northern California with a 196,000-square-foot facility onsite is expected to set the stage for the company’s self-contained ecosystem to create or acquire 15 premium brands by controlling all aspects of production, distribution and sales Cannabis sales in California are expected to reach $5.1 billion this year and climb to $7.7 billion by 2022 TransCanna’s site purchase advances plans for an additional 600,000-square-foot facility for biomass growth A successful, oversubscribed private placement raised gross proceeds of C$16 million to help fund plans for the site Cannabis branding and distribution company TransCanna Holdings Inc.…

WednesdayApr 24, 2019 9:49 am

Vape Pens and Cartridges: Small Devices with a Big Environmental Impact

Vape pens and vape devices, for both cannabis and tobacco, are more popular than ever. But there's a catch... Aside from growing concern over potential health issues associated with these devices, vape pens and cartridges also come with quite an environmental impact. These are small devices, yet due to their complexity and wide variety of material components used, they have a disproportionately large environmental impact. Less Environmentally Friendly by Design Logically, a manufactured product can never be as environmentally friendly as cultivated cannabis flower. That is because the process of manufacturing that cannabis flower into a concentrate, edible, topical, or a cartridge…

WednesdayApr 24, 2019 4:20 am

420 with CNW – Maine Releases Recreational Marijuana Draft Rules

Ever since voters in Maine approved a ballot measure to legalize recreational marijuana in 2016, the state had never formulated rules to regulate the commercialization of adult-use cannabis even if residents were allowed to grow a limited number of cannabis plants soon after the midterm vote that paved the way for recreational marijuana. Two years later, the state has released its draft rules indicating how the recreational market will be regulated. The draft rules indicate that applicants will first have to obtain a conditional license from the state before getting the approval of the town or city where the applicants…

TuesdayApr 23, 2019 4:20 pm

420 with CNW – Cannabis Legalization Not Linked to Increased Traffic Fatalities, Study Finds

According to a new study whose findings were released this month, there is no link between the legalization of marijuana and an increase in traffic deaths. This conclusion was arrived at by Andrew Young, a graduate student at Kansas State University after he analyzed traffic deaths data covering 23 years. Young used two different statistical models to assess how the change in cannabis policy and laws in different states has impacted road safety. The researcher concluded that the legalization of marijuana isn’t a significant predictor of fatalities on roads. This means that statistically, there is no proof that cannabis legalization…