NewsRoom Articles - Page 504 of 591

ThursdayOct 18, 2018 4:20 pm

420 with CNW – FDA Calls for Public Comments on Marijuana

The U.S. Food and Drug Administration has announced that members of the public and the scientific community have an opportunity to share their thoughts on several substances, including marijuana. Of specific interest is the medical usefulness, abuse potential and actual abuse of the listed substances (including cannabis). The FDA action comes at a time when the World Health Organization (WHO) is planning to meet in November this year to review the scheduling of cannabis. The ECDD (Expert Committee on Drug Dependence) is the body that will decide whether marijuana should stay as a schedule 1 substance or that categorization should…

ThursdayOct 18, 2018 12:03 pm

Youngevity International, Inc. (NASDAQ: YGYI) Increases Diversification of Product Portfolio with Expansion of Cannabidiol Oil Brand

As cannabidiol oil market explodes, Youngevity expands HempFX product line Product diversification reduces revenue volatility Direct seller with its own 1,000-acre coffee plantation Clinched $250 million five-year coffee supply contract If diversification is the road to portfolio efficiency, then the expansion of its HempFX product line should take Youngevity International, Inc. (NASDAQ: YGYI) closer to optimizing its risk-return position. Already well diversified with its eggs in many baskets, Youngevity is a leading omni-direct lifestyle company offering products in the top eight selling retail categories of health and nutrition, home and family, food and beverage (including coffee), spa and beauty, fashion,…

ThursdayOct 18, 2018 11:22 am

Sugarmade, Inc. (SGMD) Set to Grow with Cannabis Industry

Cannabis industry set to quadruple to $47 billion over next 10 years Sugarmade strategy centers on supplying “picks” and “shovels” to growers Focused on the supply of hydroponic cultivation systems Getting cannabis to market involves many stages. Before you can sell it, you have to grow it and perform myriad operations to ensure that’s done right. So, if you’re growing cannabis, it may be a good idea to turn to Sugarmade, Inc. (OTCQB: SGMD). The company is one of the largest publicly traded hydroponics supply companies, with brands that include Zen Hydro, Carry Out Supplies, BudLife Cannabis Storage Solutions and Cali Grown Supplies.…

ThursdayOct 18, 2018 4:20 am

420 with CNW – U.S. Customs Now Says Canadian Cannabis Industry Workers Can Enter the U.S.

The cloud of uncertainty in the minds of Canadians working in the legal marijuana industry may have lifted a little after the U.S. Customs and Border Protection Administration (CBP) put up an update on its website stating that cannabis industry workers may be “generally” admissible into the U.S. in case their travel isn’t connected to their work. This clarification comes several weeks after CBP issued a press release in which it suggested that anyone involved in the cannabis industry would not be allowed to cross into the U.S. That statement left marijuana industry workers contemplating an end to simple things…

WednesdayOct 17, 2018 4:20 pm

420 with CNW – Washington State Marijuana Tracking System Flawed, Says Report

An assessment report released by Gartner Consulting recently has found that Washington State rushed to implement a seed-to-sale marijuana tracking system even though the regulator and the system provider knew that the tracking system was flawed. That rushed implementation cost retailers revenue since many dispensaries were unwilling to buy marijuana from those retailers whose systems hadn’t been integrated with Leaf Date Systems (the tracking platform created by MJ Freeway). Gartner Consulting is an independent technology and research firm based in Connecticut. Washington State LCB (Liquor and Cannabis Board) contracted Gartner Consulting to assess the tracking system over a period of…

WednesdayOct 17, 2018 12:25 pm

NUGL Inc. (NUGL) to Purchase Professional Magazine Brand ‘Nichols Publishing Company’

NUGL will soon be finalizing the acquisition of specialized magazine company Nichols Publishing Through the deal, NUGL will gain access to the publishing company’s well-established audience of both cannabis professionals and enthusiasts The publisher’s purchase is just a first step in NUGL’s planned strategic expansion NUGL Inc. (OTC: NUGL) is working toward the expansion of its business model through the purchase of Nichols Publishing Company – a well-known brand that has been issuing specialized magazines like Professional Marijuana Grower and Garden & Greenhouse for over a decade. On October 15, 2018, NUGL announced that it has entered into a binding…

WednesdayOct 17, 2018 9:00 am

Hemp and CBD Set to Eclipse the THC Marijuana Market

CannabisNewsWire Editorial Coverage: As the cannabis market continues to grow, hemp and cannabidiol (CBD) are occupying an increasingly large share of the escalating industry. Hemp, the form of cannabis without psychoactive tetrahydrocannabinol (THC), is an important part of the cannabis market. Hemp is common in many health and wellness products. Total sales of hemp-derived products are expected to exceed $1 billion this year. Some industry experts expect hemp products to soon exceed marijuana for their share of the cannabis industry. Sugarmade, Inc. (OTCQB: SGMD) (SGMD Profile) is taking advantage of this shift by making a heavy investment in hemp production.…

WednesdayOct 17, 2018 4:20 am

420 with CNW – Facebook Lifts Ban on Marijuana Searches Ahead of Canadian Cannabis Legalization

While the U.S. customs authorities may be unsure about how to respond once recreational marijuana becomes legal in Canada, social media giant Facebook has taken the step to stop preventing search results from showing in case a user is looking for cannabis pages, articles and organizations, among other kinds of related content. Facebook has been filtering out any search results connected to cannabis for more than a year. This action was in line with the platform’s rules that barred illegal products and substances from being traded or trafficked using the platform. That is now bound to change as Facebook users…

TuesdayOct 16, 2018 4:20 pm

420 with CNW – Walmart Canada Considers Selling Cannabis-Based Products

The Canadian branch of Walmart Inc. has revealed that it is thinking about including cannabis-based products on its shelves. This announcement makes Walmart the first major retailer to express interest in participating in the cannabis industry. Other major companies from the U.S. to show interest in the Canadian cannabis industry were from the beverage and alcohol industry (Coca Cola and Constellation Brands). Just how free are these companies when it comes to making decisions about getting involved in the cannabis industry? Market sentiment may be forcing their hand as was seen when Pepsi Cola shares dipped on the stock exchange…

TuesdayOct 16, 2018 11:28 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Completes Establishment of Four Wholly Owned Subsidiaries

Lexaria’s technology changes the manner in which edible cannabinoids enter the body The company out-licenses its DehydraTECH drug delivery platform Lexaria recently announced the creation of four wholly owned subsidiaries A research-driven company, Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is the only company globally that has been awarded a patent for the improved delivery of all cannabinoids. It has developed and out-licenses its DehydraTECH technology – a drug delivery platform. This technology is a complementary layer that works with other research and development being conducted on cannabinoids and, as such, is an enabling technology, not a competing one. Lexaria…