NewsRoom Articles - Page 480 of 572

MondayNov 05, 2018 9:00 am

Payment Solutions Among Innovations in the Fast-Growing Cannabis Industry

CannabisNewsWire Editorial Coverage: The legal cannabis industry, which anticipates massive growth over the next few years, is seeing constant innovation as companies move to provide essential services needed for that growth. The global cannabis industry, which was worth $7.7 billion in 2016, is expected to reach $65 billion by 2023. The industry’s upward trajectory is happening despite legal restrictions that have forced cannabis businesses to seek alternative payment solutions. These solutions are among many innovations in the sector, which has a strong strand of research and design. Net Element (NASDAQ: NETE) (NETE Profile) recently launched a compliant, secure payment processing…

MondayNov 05, 2018 4:20 am

420 with CNW – Colorado Lawsuit Could Shake the Marijuana Industry

A federal court is set to hear a landmark case in Colorado which could have far-reaching implications for the young marijuana industry throughout the US. A couple is suing a cannabis company claiming that the odors from its indoor grow facility have made the couple unable to enjoy their property which is right next to the cannabis cultivation facility. The plaintiffs are using the RICO (Racketeer Influenced and Corrupt Organizations) Act to claim that their property has lost value due to the “pungent, foul odors”. The law permits courts to award successful plaintiffs thrice the value lost in addition to…

FridayNov 02, 2018 4:20 pm

420 with CNW – Southern Illinois University Begins Hemp and Cannabis Research

Medical cannabis became legal in Illinois in 2015, and Southern Illinois University is now taking steps to start a study and research program about marijuana and hemp. The university announced that the cannabis and industrial hemp program will be offered at the Carbondale campus of the school. The announcement stated that the program on offer will make it possible for farmers and students to earn a certificate in medical cannabis or hemp. The interim dean of agricultural sciences, Karen Midden, revealed that the program was the result of requests from current and prospective students as well as farmers in the…

FridayNov 02, 2018 11:31 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Focusing on its New Subsidiaries and Intellectual Property

Lexaria has its patented DehydraTECH drug delivery platform The company’s technology is a complementary layer that works with the other research being done on cannabinoids Lexaria has a robust IP portfolio and four new subsidiary companies A drug delivery platform pioneer, Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has developed and out-licenses its DehydraTECH technology. The company’s technology changes the way in which edible cannabinoids absorb into the body. The DehydraTECH drug delivery platform is patented for cannabidiol and all other non-psychoactive cannabinoids and enables the transportation of bioactive substances via oral ingestion. A research-driven enterprise, Lexaria Bioscience is based…

ThursdayNov 01, 2018 11:42 am

The Flowr Corporation (TSX.V: FLWR) is Coming into Full Bloom

Company fulfilled purchase orders from British Columbia, Nova Scotia and Ontario in-full and on-time for October 17 adult-use market opening and is preparing re-stocking shipments following sell-outs Flowr launched new Ace Valley brand in partnership with the team behind the highly successful Ace Hill Beer Company broke ground on a first-of-its-kind, 50,000 square foot R&D facility funded by its exclusive R&D partner, the Hawthorne Gardening Division of the Scotts Miracle-Gro Company. Facility is expected to open in the summer of 2019 alongside Flowr’s cultivation complex in Kelowna, BC October has been a busy month for Canadian cannabis companies, perhaps none…

ThursdayNov 01, 2018 11:21 am

NUGL Inc. (NUGL) Expands Internal Operations to Support Sales, Marketing Growth

As its range of media and tech activities grows, NUGL is working to expand its internal operations The company has recently acquired two cannabis industry magazines and has launched its own culturally-based NUGL Magazine NUGL is creating the first of its kind specialized community that will help cannabis industry entities connect with each other To fuel better marketing efforts and to support sales, NUGL Inc. (OTC: NUGL), the cannabis industry’s new standard of technology, has expanded its internal operations, according to a company press release (http://cnw.fm/5Pmdk). The move is also intended to support the company’s newly launched NUGL Magazine. As a…

ThursdayNov 01, 2018 10:00 am

Bumper Hemp Crops Promise Profit for Farmers and Cannabis Companies

CannabisNewsWire Editorial Coverage: This year will see the largest U.S. hemp crop since changes to federal law created an avenue for production to start again, turning over decades of fallowed industry. Thousands of acres of hemp will be harvested across 19 states. Kentucky is seeing particularly good crops, due to near-perfect growing conditions over the summer. The main product taken from these crops will be cannabidiol (CBD) oil, used in a growing range of health and wellness products. Crop production is set to continue increasing in light of high demand and legal changes. Sugarmade, Inc. (OTC: SGMD) (SGMD Profile) is…

ThursdayNov 01, 2018 4:20 am

420 with CNW – Michigan Provides Online Tools for Medical Marijuana Patients

The state of Michigan has taken additional steps towards improving access to its medical marijuana program. Patients now have a number of online tools that they can use to register and get certification cards which permit them to access medical marijuana. The Department of Licensing and Regulatory Affairs in Michigan announced a few days ago that any patient who doesn’t have a caregiver can simply go online and apply for an identification card from the medical marijuana registry. Such patients can also monitor the status of their online application by logging into a secure account created for them when they…

WednesdayOct 31, 2018 4:20 pm

420 with CNW – Will Utah’s Compromise Deal on Cannabis Work?

Patients, religious leaders, politicians and representatives from some medical cannabis advocacy groups in Utah recently came together to announce that a compromise had been reached to draft a law which would legalize medical cannabis whether the ballot measure (Proposition 2) succeeded during the midterm elections or not. This compromise deal seems to have been arrived at after Prop 2 polarized the conservative community and threatened to alienate major sections of the community, such as the Mormon Church. The compromise deal seeks to allow only six “medical cannabis pharmacies” to operate out of which one would be run by the state…

WednesdayOct 31, 2018 3:05 pm

Net Element, Inc. (NASDAQ: NETE) Payments Platform Targets Retail Sector as Cannabis Enters Mainstream

Cannabis enters the mainstream as California and Canada legalize adult use Cannabis retail sector flourishes to satisfy demand Bespoke payment platform provides compliant payment processing to cannabis retailers Now that Canada, Uruguay, the District of Columbia and nine U.S. states have legalized cannabis for recreational use, if cannabis still cannot be considered to be in the mainstream, there is no doubt that it soon will be. Apart from the jurisdictions that allow adult use in 30 countries around the world, medical marijuana is legally available. This is in addition to the 30 U.S. states and DC that have laws permitting…