NewsRoom Articles - Page 467 of 596

FridayFeb 22, 2019 4:20 pm

420 with CNW – California Rakes in $300 Million in Cannabis Taxes in 2018

The statistics are out; California earned approximately $300 million in taxes during the first year of recreational cannabis sales in the state. This information was released by the Department of Tax and Fee Administration in California on February 19. While the $300 million tax collection is high, it is way below what the state had initially anticipated to collect during the first year of commercial cannabis sales ($655 million). Two reasons may explain why the taxes collected were below the projected figure. First, it is hard to predict with any degree of certainty what quantity of cannabis will be sold…

FridayFeb 22, 2019 12:28 pm

ChineseInvestors.com Inc. (CIIX) CEO Provides Overview of 20-Year History, Dedication to Success

CEO Warren Wang discussed time with CIIX Spin-off of CBD, hemp products nearing completion CIIX went from nearly bankrupt to becoming publicly traded; Wang invested directly and looks forward to a promising future CEO Warren Wang of ChineseInvestors.com Inc. (OTCQB: CIIX) recently shared, on MoneyTV with Donald Baillargeon, his journey with the company since its founding in 1999 and his commitment to continually building success for decades to come. The full interview can be found at www.MoneyTV.net under past shows. In addition to providing a brief update on where the company’s spin-off for CBD Biotech stands, Wang shared the company’s growth…

FridayFeb 22, 2019 11:28 am

Cannabis Strategic Ventures Inc. (NUGS) Expands Portfolio with Cannabis Brands around the World

The cannabis industry is currently a $10 billion market and is expected to increase its economic vitality in coming years Cannabis Strategic Ventures recently acquired Worldwide Staffing Group, which works within the company as a wholly and separately owned subsidiary, adding to its staffing capabilities An increased demand for staffing within the burgeoning cannabis industry could prove beneficial for Cannabis Strategic Ventures’ influence in the market Cannabis Strategic Ventures Inc. (OTC: NUGS), a publicly traded corporation that cultivates and partners with brands around the world to build category leaders within the cannabis and CBD marketplace, is utilizing a diverse approach…

FridayFeb 22, 2019 11:06 am

Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Discusses Innovation and Expansion

Unique business model and positioning as a licensed producer and technology company have created a distinct advantage Potential for the natural, water-soluble cannabis beverage to become a game changer for the industry Control of dosing placed into consumers’ hands Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) CEO Keith Dolo sat down with NetworkNewsAudio to share the company’s vision of becoming the leading supplier to the cannabis beverage and edibles market. Dolo believes that the company’s unique business model and positioning as a licensed producer and technology company have created a distinct advantage for Sproutly. To listen to the…

FridayFeb 22, 2019 4:20 am

420 with CNW – Four Ways Cannabis Entrepreneurs are Using AI in Sales and Ecommerce

As the marijuana industry has grown and become more widely accepted, many tech companies have introduced new products to enable the cannabis industry. Here are the four major AI products that marijuana businesses are deploying to boost sales and make ecommerce more successful. Chatbots The explosion of interest in cannabis means that the limited staff of marijuana companies can easily be overwhelmed if they decided to address each person’s queries without the help of AI. Chatbots have been introduced to engage customers and potential customers quickly and efficiently by providing all the information one needs. For example, the chatbot can…

ThursdayFeb 21, 2019 4:20 pm

420 with CNW – New Jersey Moves Closer to Legalizing Pot as Top Leaders Strike a Deal

Plans to legalize marijuana in New Jersey ground to a halt last year amidst a disagreement between Gov. Murphy and legislative leaders over taxes and a few other issues. However, a compromise deal on the key sticking points has now put the legalization plans back on course. We reported at the end of last month that a new tax proposal had given cannabis legalization plans a breath of life. That proposal sought to provide a middle ground between the Governor who wanted a higher sales tax and Sweeney, the State Senate leader, who was adamant anything higher than 12 percent…

ThursdayFeb 21, 2019 2:48 pm

This Week in Cannabis: Bees, Hemp, and the Oscars

What do bees, hemp, and the Oscars have in common? They are all part of our 'This Week in Cannabis' roundup! Study finds that bees love hemp What happened: Researchers examined hemp fields in Northern Colorado, specifically looking at what bee species were present. A total of 23 different genera (that's plural for genus) of bees were collected, with three genera making up nearly 80% of the total found. Why it matters: Researchers concluded that 'the pollen-rich nature of the flowers can make hemp an ecologically valuable crop.' Bees love hemp, and they have been suffering lately, as has been well documented in…

ThursdayFeb 21, 2019 12:09 pm

SinglePoint Inc. (SING) Adds Vertical through Launch of Brand New Offering Targeting Pet Owners

SinglePoint and other leading cannabis companies are entering the promising and highly competitive CBD pet product market Company, via SingleSeed subsidiary, recently launched PHYTO-BITES soft CBD chews for pets – dogs, in particular – to help them deal with stress, inflammation and separation anxiety The CBD pet product market is expected to be one of the most rapidly growing industry sectors, expanding at a CAGR of 57 percent by 2022 The CBD market is growing constantly, across different verticals and niches that are presenting new opportunities for expansion to companies in the sector. One of the fastest growing niches is…

ThursdayFeb 21, 2019 10:12 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Reflects on Milestone Year of Revenue Growth and Industry Recognition

Supreme Cannabis’ financial and operational report speaks to the company’s ability to strategically maneuver the cannabis industry while maintaining high revenues The company’s wholly owned subsidiary, 7ACRES, was named ‘Brand of the Year’ at the 2018 Canadian Cannabis Awards Supreme Cannabis expects to reach full production capacity in 2019, in large part due to 7ACRES’ 440,000-square-foot facility in Ontario The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), an established contender in Canada’s cannabis industry, recently released its 2019 financial and operational results for the period ended December 31, 2018. The report portrayed the company’s vitality, profitability and…

ThursdayFeb 21, 2019 9:40 am

Beverage Trade Network Launches the First-ever Cannabis Drinks Expo

Beverage Trade Network organises the first-ever event, focusing on cannabis-infused beverage industry, Cannabis Drinks Expo. The trade event is scheduled to be held on July 25, 2019 in San Francisco, USA. It will be the first event to tackle the issue head-on. Cannabis Drinks Expo will give the worldwide drinks industry, and North America in particular, the chance to come together and look at ways it can address legalised cannabis and find ways to start the fight back against this enormous threat to the future of the overall industry. It will be the first time that drinks producers, manufacturers, brand…