NewsRoom Articles - Page 507 of 596

ThursdayOct 25, 2018 9:00 am

Flow of Finance Funds Acquisitions and Investment Across the Cannabis Sector

CannabisNewsWire Editorial Coverage: A growing market is supporting a wave of acquisitions and cross-company investments in the cannabis industry. Significant growth in the cannabis industry is supporting a range of multimillion-dollar investments. Some of these have taken the form of acquisitions, as innovators evolve into established companies. Others are cross-company investments, some within the sector and some from outside. Profits are coming not just from cannabis itself but from support services, with companies profiting from pick-and-shovel plays. One of the companies making a pick-and-shovel play is Sugarmade, Inc. (OTCQB: SGMD) (SGMD Profile), which is expanding its position in cultivation supplies…

ThursdayOct 25, 2018 4:20 am

420 with CNW – Poll Suggests North Dakota Will Legalize Marijuana Next Month

A new opinion poll in North Dakota is suggesting that those in favor of legalizing recreational marijuana will take the day when the matter is voted upon during the midterm polls next month. This ballot measure comes after the state legalized medical marijuana two years ago and implementation is set to start next year. Measure 3 is expected to legalize cannabis for adult use without any limits on how much marijuana someone can possess or grow. The minimum age limit for this adult consumption has been set at 21. The measure also seeks to expunge all marijuana convictions and protect…

WednesdayOct 24, 2018 4:20 pm

420 with CNW – Congressman Releases Plan to Decriminalize Marijuana After Midterm Elections

A leading Democratic Congressman has revealed his plan to get legislation passed to end cannabis prohibition in case the Democrats take control of Congress after the midterm elections. Rep. Earl Blumenauer echoed the sentiments of many around the country when he said that Congress was currently disconnected from the wishes of the different states and citizens around the country on the subject of cannabis. He therefore sees the November polls as an opportunity for the Democrats to change that situation in case they get a majority in the House. Analysts believe that there is a big chance that the Democrats…

WednesdayOct 24, 2018 11:35 am

Net Element, Inc. (NASDAQ: NETE) Launches Fully Compliant Cannabis Industry Payment Solution, Company Stock Skyrockets

Net Element stock skyrocketed after the company announced the launch of a fully compliant payment solution for the legal cannabis industry Shares grew 63 percent, with volume eventually increasing to 9.5 million shares from previous full-day averages of 81,000 shares The payment solution enables entry into a lucrative field that’s forecast to grow beyond $22 billion by 2022 On October 22, global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) announced the launch of a fully-compliant payment solution for the legal cannabis industry. The payment processing solution is designed to provide a smooth transaction between merchants and consumers…

WednesdayOct 24, 2018 10:56 am

ChineseInvestors.com, Inc. (CIIX) Enters Agreement with Tmall, Reports Impressive Financial Numbers

ChineseInvestors.com reports a total year-over-year revenue increase of 70 percent for the first fiscal quarter of 2019 The company’s current assets have nearly doubled, and its share price touched $0.90 per share as of October 17, 2018 The agreement entered between CBD Biotechnology Co. Ltd. and Tmall is likely to boost industrial hemp CBD sales With products on Tmall, CBD Biotechnology Co. Ltd is positioned to cash in on Double 11 and Double 12 shopping festivals ChineseInvestors.com, Inc. (OTCQB: CIIX) recorded impressive first quarter financial results for its fiscal year 2019. Its total revenue, comprising product sales revenue and subscription…

WednesdayOct 24, 2018 10:37 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Receives Two US Patents, Bringing Total to 10 in First Patent Family across US and Australia

The two new patents are related to certain cannabinoid-infused beverage compositions using LXRP’s DehydraTECH technology Globally, LXRP has filed some 50 patent applications as the company expands its IP portfolio; LXRP hopes to receive two more granted patents from Australia by year end, giving it 12 in total LXRP out-licenses its technology, which promotes healthier and faster ingestion; the company seeks accelerated patent application examinations in Australia based on the U.S. patents Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) has been granted two new U.S. patents based on cannabinoid-infused beverage compositions using its DehydraTECH ingestion technology platform. The company is…

WednesdayOct 24, 2018 9:00 am

Changing Attitudes in Washington Offer Promise for Hemp and Cannabis Market

CannabisNewsWire Editorial Coverage: Legal changes could soon make transacting business easier for the cannabis industry. Reports indicate that the president plans to reform cannabis laws, making commerce easier for businesses working in states with legal markets. Reforming the law could improve the position of companies working with cannabidiol (CBD) as a food additive and industrial hemp. Hemp and CBD are now large segments of the cannabis sector. These anticipated legal changes are part of a wider international shift. One of the companies that may benefit from changes in the United States is Marijuana Company of America, Inc. (OTC: MCOA) (MCOA…

WednesdayOct 24, 2018 4:20 am

420 with CNW – Ohio Still Unsure How Medical Cannabis Cash Will Be Safeguarded

A lot of cash is expected to flow when Ohio legalizes medical marijuana towards the end of 2018 or early next year. However, all that expected cash is causing serious concerns since financial institutions like banks and credit unions are reluctant to offer banking services to cannabis businesses. The reluctance of the banking sector stems from the fact that the federal government still regards marijuana as an illegal substance. Consequently, money laundering and other federal charges could be imposed on any financial institution that does business with a cannabis enterprise (dispensary) that is legal at state level. Ohio expects the…

TuesdayOct 23, 2018 4:20 pm

420 with CNW – New Research Proves that there is More to Marijuana than THC and CBD

There is an assumption among marijuana consumers (for medical or recreational purposes) that the variations in the effects they get from the different cannabis strains are a result of variations in the THC (tetrahydrocannabinol) and CBD (cannabidiol) concentration in those strains. However, a new study has revealed that such a perception may not be a full reflection of what is going on. The University of British Columbia-based researchers studied 33 strains of both Sativa and Indica strains of cannabis and found that there was little variation in their CBD or THC content. However, the different strains varied widely in terms…

TuesdayOct 23, 2018 11:45 am

GreenBox POS, LLC’s (GRBX) TrustGateway Blocks Fraud with Blockchain

Bankcard fraud to cross $6 billion in 2018 TrustGateway blockchain technology uses biometrics to block fraud System under consideration by two major U.S. commercial banks The maturation of ecommerce has been a boon to consumers everywhere, turning the world into one global marketplace. Now, though you live in America, you can order goods from China; you can shop on Amazon even though you live in the Himalayas (http://cnw.fm/7eiMW). Naturally, such trade involves customer-not-present (CNP) transacting, which is providing great opportunity for fraud. CNP fraud accounts for 70 percent of card fraud (http://cnw.fm/d45Hg). For 2018, it is projected to reach $6.4 billion in…