NewsRoom Articles - Page 478 of 591

WednesdayJan 09, 2019 4:20 am

420 with CNW – CARERS Act Seeks to Reform Federal Marijuana Law

Congressman Steve Cohen (D-TN) together with other cosponsors have introduced a bill in Congress seeking to protect states that legalize medical marijuana from federal prosecution while making their own laws to regulate the medical marijuana industry. The bipartisan bill will formalize the respect of the rights of states to pass laws and implement their own medical marijuana programs. Currently, only a Department of Justice spending rider passed by Congress prevents federal prosecutors from using taxpayer money to prosecute individuals who use cannabis for medical or recreational purposes in states where it is legal. That rider, at least hypothetically, doesn’t bar…

TuesdayJan 08, 2019 4:20 pm

420 with CNW – Ohio Residents Petition for More Medical Marijuana Qualifying Conditions

Toward the end of this month, a special committee will sit to assess the different petitions that Ohioans submitted calling for additional conditions to be included on the list of ailments for which one can obtain a medical cannabis card. The meeting this month comes after the end of a window within which people could send in their requests for the conditions they want to see on the qualifying list for access to medical cannabis. Medical marijuana became legal in 2016 and 21 qualifying conditions were listed in that law. However, the law also granted the Medical Marijuana Board permission…

TuesdayJan 08, 2019 12:00 pm

The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) Inks Consulting Agreement with Khalifa Kush Enterprises

Supreme Cannabis Company focuses on growing sustainable cannabis businesses The company’s portfolio includes innovative 7ACRES brand Supreme Cannabis recently signed an agreement with Wiz Khalifa’s Khalifa Kush Enterprises The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) works to identify new opportunities to build unique cannabis businesses. The company’s 7ACRES licensed producer subsidiary operates a 440,000 sq. ft. facility in Ontario, Canada. 7ACRES’ specialty is growing high-quality cannabis in large quantities. Supreme Cannabis Company has its corporate headquarters in Toronto, Ontario. Supreme Cannabis’ portfolio additionally includes an equity investment and long-term worldwide distribution partnership with Medigrow. This partnership…

TuesdayJan 08, 2019 11:41 am

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Identifies Acquisition of Stake in Holigen as ‘Transformative Transaction’

Vinay Tolia, co-CEO of Flowr, sees the move as giving the company exposure to European and Australian markets The company believes that the combination of its cultivation expertise with Holigen’s development of large-scale cannabis facilities could result in one of the lowest-cost producers worldwide Clarus Securities has initiated coverage on FLWR stock with a ‘speculative buy’ rating and a one-year price target of $5; its research report projects adjusted EBITDA of C$6.8 million in FY2019 The Flowr Corporation’s (TSX.V: FLWR) (OTC: FLWPF) acquisition of 19.8 percent of Holigen Limited for a cash payment of C$6 million and the signing of an intellectual property sharing agreement is expected…

TuesdayJan 08, 2019 11:16 am

Plus Products Inc. (CSE: PLUS) Solidifies Leading Edibles Position in California with Acquisition of Cannabis-Infused Baked Goods Manufacturer

In December 2018, Plus Products finalized the acquisition of GOOD CO-OP to further cement its leadership position within the California cannabis-infused edibles field Through the acquisition, Plus will gain quick access to the baked edibles market – one of the most rapidly growing niches in the space The CAGR of cannabis-infused baked goods for the coming five years is forecast at 14.12 percent, and the overall edibles market is expected to exceed $3 billion Plus Products Inc. (CSE: PLUS) announced in December 2018 that it had finalized the acquisition of GOOD CO-OP Inc. – a California-based cannabis-infused baked goods brand.…

TuesdayJan 08, 2019 9:00 am

US President, Producers Envision ‘Green Acres’ with Signing of Historic Hemp-Legalizing Farm Bill

CannabisNewsWire Editorial Coverage: Moments prior to signing a historic 2018 Farm Bill and effectively legalizing industrial hemp, President Donald Trump tweeted out a video of his performance at the 2005 Emmy Awards, singing the song “Green Acres.” Having already passed through the House of Representatives and the Senate, the bill was met with much fanfare across nearly the entire cannabis sector, including benefactors such as Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) (GGB Profile), Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Harvest Health and Recreation (CSE: HARV) and MedMen Enterprises Inc. (CSE: MMEN)…

TuesdayJan 08, 2019 4:20 am

420 with CNW – Arkansas Delays Issuing Medical Cannabis Cards

Patients who applied and got approval to join the medical cannabis program in Arkansas will have to wait until February to receive their medical cannabis cards from the state. The delay comes amidst the inability of cultivators to provide medical cannabis to the licensed dispensaries. Arkansas residents voted to change the constitution in 2016 so that medical cannabis could become legal in the state. However, the process of implementing that change has taken longer than was expected. The Department of Health in the State is reluctant to give residents medical cannabis cards when medical cannabis supplies aren’t available. The authorities…

MondayJan 07, 2019 4:20 pm

420 with CNW – Marijuana Justice Initiative Could Wipe Off Some Cannabis Convictions in Washington

Washington State Governor, Jay Inslee, issued a statement on Friday (January 4) announcing a “marijuana justice initiative” which will help residents with a single cannabis misdemeanor conviction on their record to apply for clemency. The initiative is intended to reflect the current change regarding the status of marijuana in the state. The Democratic Governor felt that it was unfair for state residents to continue being adversely affected by a minor marijuana possession conviction long after the substance became legal to consume. Under the initiative, approximately 3,500 people would be eligible for clemency. This estimate was arrived at after looking at…

MondayJan 07, 2019 12:53 pm

Legislative Changes in the US Provide SinglePoint, Inc. (SING) with Rapid Growth Opportunities in 2019 and Beyond

As the 2018 Federal Farm Bill legalizes hemp across the U.S., SinglePoint prepares for rapid growth in 2019 The company is working on development programs and potential acquisitions in order to establish its leading industry position Through hemp legalization, the industry is expected to grow exponentially in the years to come, reaching a volume of $20 billion by 2022 Congressional approval of the 2018 Federal Farm Bill that removes hemp production from federal prohibition is expected to create amazing new opportunities for industry representatives in 2019 and beyond. SinglePoint, Inc. (OTCQB: SING) released an official statement underlining that the legislative…

MondayJan 07, 2019 12:32 pm

Icon Exploration Inc. (TSX.V: IEX.H) Set to Capture High Margins with Vertical Integration Strategy in Canadian Cannabis

Canadian cannabis market set for CAGR of 77.9 percent to 2021 Icon’s Vertical integration strategy could capture high margins Company will have operations in cultivation, extraction and retail The legalization of recreational cannabis in Canada has made analysts project rapid growth for the industry. Spending on adult-use marijuana (http://cnw.fm/4wY7O) is “estimated to reach over $3 billion in 2021, driving a CAGR of 77.9 percent from 2018-2021.” Eventually, Canada’s legal cannabis market will likely be comparable in size to the hard liquor or wine market. Growing organically, some sectors will be profitable (others, perhaps, less so), but telling which may not be so…

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