NewsRoom Articles - Page 486 of 587

ThursdayNov 29, 2018 4:20 pm

420 with CNW – Cannabis Regulations Are Making Banking Expensive, Expert Says

More information is filtering out about the discussions that transpired during this year’s three-day Las Vegas MJBizCon that ended in the week before Thanksgiving. A leading banker from the Partner Colorado Credit Union revealed that it is very expensive for banks to do business with cannabis companies due to the huge amount of paperwork and the regulations which have to be adhered to when providing banking services to the marijuana industry. Sundie Seefried revealed that her institution had to file more than 7,000 reports to regulators regarding the Credit Union’s dealings with marijuana businesses. Those reports were on behalf of…

ThursdayNov 29, 2018 12:00 pm

Sugarmade, Inc.’s (SGMD) Hydroponic Solutions Could Fast Track Growth of US Hemp Industry

U.S. hemp industry set for CAGR of 14 percent through 2022 Interest in 23,000-acre ultra-high cannabidiol (CBD) hemp project in Kentucky Raises revenue guidance for 2019 to $70 million after announcing acquisition of hydroponics retailer Despite the abstrusity that still surrounds the legal status of hemp, cultivation of the plant in the U.S. is undergoing a renaissance. During the Republic’s early years, citizens were legally obliged to grow the crop, and both Presidents Washington and Jefferson are reported to have done so. But legislative changes turned the thing on its head. Since hemp was a strain of cannabis sativa, as was…

ThursdayNov 29, 2018 11:20 am

SinglePoint, Inc. (SING) Riding High as New CBD Products Enter Fast Growing Legal Marketplace

SinglePoint’s cannabis market subsidiaries building direct-to-consumer supply chain for CBD products SingleSeed subsidiary introduced infused water and muscle salve products in October, with new sleep aid and a hair and beard oil expected promptly CBD is gaining traction as a medicinal product and wellness industry ingredient after Canada’s legalization drive and growing lawfulness in the United States Technology innovator SinglePoint, Inc. (OTCQB: SING) is celebrating the rollout of new products to the cannabis-infused wellness market by subsidiary SingleSeed at the same time that its already-launched Lalpina CBD Water is reporting a successful first week of sales. SingleSeed distributes hemp-based CBD…

ThursdayNov 29, 2018 10:57 am

Therma Bright, Inc. (TSX.V: THRM) (OTC: THRBF) is “One to Watch”

Delivers effective, non-invasive, pain free skin care through its proprietary thermal therapy device technology Products approved by FDA and Health Canada as Class II medical devices Current product InterceptCS™ treats cold sores by application of controlled topical heat with no risk of burning the skin Current product TherOZap™ relieves pain, itch and inflammation of more than 20,000 types of insect and marine life bites and stings Future product now in R&D will incorporate thermal therapy device with medical cannabis or CBD gel, cream or salve Completed full IP review of patents, trademarks, and regulatory approvals for thermal therapy technology Global…

ThursdayNov 29, 2018 9:00 am

Change in Attorney General Could Mean a Cannabis Revolution in the US

CannabisNewsWire Editorial Coverage: A new attorney general is still to be named to replace unabashedly anti-cannabis former AG Jeff Sessions. As the market awaits a new AG, there’s a steady push from cannabis companies keeping an eye on the massive potential of the U.S. market, companies that include Chemistree Technology, Inc. (CSE: CHM) (OTCQB: CHMJF) (CHMJF Profile), Aurora Cannabis (TSX: ACB) (NYSE: ACB), CannTrust Holdings, Inc. (TSX: TRST), Organigram Holdings, Inc. (TSX.V: OGI) (OTCQX: OGRMF), and Supreme Cannabis Co. (TSX.V: FIRE) (OTCQX: SPRWF) (SPRWF Profile). By the end of 2025, the legal cannabis industry is expected to reach $146.4 billion worldwide. Meanwhile,…

ThursdayNov 29, 2018 9:00 am

Cannabis Industry Stays in Spotlight with Ongoing Developments

CannabisNewsWire Editorial Coverage: Profitability and more widespread legality are drawing fresh investment to the cannabis sector. Major investors and outside companies are putting big money into cannabis. Undervalued companies provide good opportunities for new investors in the sector. Following the legalization of recreational cannabis in Canada, companies in the United States are seeing even larger market caps. As attitudes change, more cannabis companies are expected to soon be listed on major U.S. exchanges. With a strong pick-and-shovel strategy alongside recent direct investment in cannabis, Generation Alpha, Inc. (OTCQB: GNAL) (GNAL Profile) is among the cannabis companies seeing good growth. Tilray,…

ThursdayNov 29, 2018 4:20 am

420 with CNW – Marijuana Tampons to Combat PMS

There has been a push to find natural remedies to the different health challenges that people face. For example, the use of honey has been promoted to treat coughs. And now, marijuana tampons have been made to help women deal with pre-menstrual syndrome (PMS). A company called Foria is behind the new suppositories that are laced with cannabis. The marijuana in the tampons dissolves inside the vagina after the suppository has been inserted. Dr. Gendelman explains that the marijuana tampons bring relief from the cramping associated with menstruation. This relief is due to the antispasmodic properties of the cannabis. The…

WednesdayNov 28, 2018 4:20 pm

420 with CNW – New App Keeps Cannabis Purchases Off Your Credit Card History

We reported earlier that Canadians who buy marijuana using their credit cards risk being denied U.S. entry for life. This is because U.S. border agents can invoke their right to look into the purchasing history of an alien who wishes to enter the country before letting that person through. The appearance of marijuana purchases on your credit card statement can therefore give those agents an excuse to declare you inadmissible for life. However, an app has been developed which can get rid of that risk. The GreenGreen app allows users to purchase cannabis without using their credit cards. The app…

WednesdayNov 28, 2018 12:35 pm

The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) Grows Success through New Flowering Rooms, Expanding Distribution Network

The Supreme Cannabis Company saw record year-over-year growth with its most recent quarterly report Company’s reach includes six provinces, including prized Ontario, and international market for medical cannabis oil Supreme Cannabis’s efforts to ride industry’s rising tide include acquisition of strategic communications firm to boost its brand The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) is preparing a December 10 report to shareholders on the company’s strategic plan for 2019 to build on a year of record revenues and the prospects that an emerging legal industry presents in Canada. The Supreme Cannabis Company reported in its recent…

WednesdayNov 28, 2018 12:06 pm

Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) Mobile Hemp Oil Supplement Powder Packet, ChrgD+, Utilizes DehydraTECH Technology

LXRP partners with Cultivating Wellness Inc. (“CW”) to formulate the ChrgD+ premium brand and will now focus on selling it to CW’s national distribution network of retailers The two-gram powder packets are water soluble and can be added to any hot/cold beverage; they are a ready-mix hemp oil supplement that can be added to drinks, such as coffee DehydraTECH has already received multiple patents, and LXRP is a drug delivery platform innovator; the introduction is seen as a first step in the relationship between the companies Lexaria Bioscience Corp.’s (CSE: LXX) (OTCQX: LXRP) introduction of ChrgD+ powder packets, which can…