NewsRoom Articles - Page 514 of 592

FridaySep 21, 2018 4:20 am

420 with CNW – Drama Characterizes Passing of Cannabis Bill by Congressional Committee

The Medical Cannabis Research Act was finally passed by the House Judiciary Committee of Congress. This was the first time in 50 years that a Republican-dominated congressional committee has passed any legal cannabis reform legislation. Republic Mathew Gaetz and 40 other cosponsors set the momentum rolling for the Thursday vote, which paved the way for additional facilities to get licenses to grow research-grade cannabis. Congressman Matt Gaetz said that the U.S. had for too long been trapped in a catch-22 situation in which cannabis laws couldn’t be revised due to the absence of sufficient scientific research, yet that needed research could…

ThursdaySep 20, 2018 4:20 pm

420 with CNW – Ottawa Police Department Rejects Cannabis Roadside Test Kits

The police department in Ottawa, Canada, has rejected the roadside test kits which the federal government approved for catching drivers who are impaired by the consumption of marijuana. DrugTest 5000, already in use in several states across the U.S., was introduced in Canada ahead of the October 17 date when recreational cannabis will be available across the country. The Ottawa P.D. cites a number of reasons for its stance. First, the police say that the DrugTest 5000 kits are very expensive. Each unit reportedly costs $6,000. The regulations in place require the police to conduct a cannabis test as soon…

ThursdaySep 20, 2018 12:00 pm

Youngevity International, Inc. (NASDAQ: YGYI) Coffee Business Takes to the High Seas, Boosts Profits

Two-year contract brings company’s CLR Roasters coffee brand to patrons, crews of international cruise line YGYI CEO appointed to board of directors of Direct Selling Association, a national trade organization representing direct selling industry Q1 2018 revenues rose by 11 percent over Q1 2017 at $43 million, with gross profits increasing to $25 million YGYI enters $7.7 billion cannabis market with HempFX product line Leading omni-direct lifestyle company Youngevity International, Inc. (NASDAQ: YGYI) is making enviable strides among several sectors of the direct selling industry as it expands its brands and offerings in multiple markets. Among the latest highlights is…

ThursdaySep 20, 2018 10:58 am

Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) Launches Mass Market Hemp-Infused Beverages and Supplements

“Oki” product line includes iced teas and flavored water Nutritional supplements to be sold as capsules and tinctures Hemp extract market projected to reach $2.1 billion by 2020, according to company officials Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF), a food and beverage company that produces hemp-infused products, has announced the launch of a new line of drinks and supplements featuring hemp extracts into the mainstream market. According to a company press release (http://cnw.fm/UmR4p), the Oki line of products, which includes food supplements and flavored functional beverages containing active hemp extracts, is to be available in up to 2,400 retail…

ThursdaySep 20, 2018 10:23 am

Research Firm SeeThruEquity Begins Coverage of Hydroponics Supply Provider Sugarmade, Inc. (SGMD)

Investment analysts recommend a share price of $0.30, more than double last week’s rate Sugarmade poised to supply equipment to burgeoning numbers of cannabis cultivators Company has expanded into the European market Independent research firm SeeThruEquity has commenced coverage of Sugarmade, Inc. (OTC: SGMD), a hydroponics supply company. In its initial report, SeeThruEquity (http://cnw.fm/rFRn3) noted, “Sugarmade appears well-positioned to target the large and growing opportunity to supply hydroponics equipment and supplies to the cannabis cultivation market in the United States through its master marketing agreement with BizRight.” In the report, SeeThruEquity recommends a target share price of $0.30 for Sugarmade, which is…

ThursdaySep 20, 2018 4:20 am

420 with CNW – Washington D.C. Sees Spike of Synthetic Marijuana Overdoses

It seems the synthetic marijuana overdoses that had the authorities in Washington, D.C worried in July have resurfaced after a lull. In one 24-hour period alone, first responders were called to assist dozens of people who exhibited severe signs of distress from K2 or Spice, a known synthetic form of cannabis. Even more distressing is the fact that students witnessed some of the victims being helped on the street as the students were strolling about during their break. This was near Mundo Verde Bilingual Public School. The authorities responded by imposing restrictions on how far students could go during their…

WednesdaySep 19, 2018 4:20 pm

420 with CNW – Cannabis and Crypto

Cannabis firms have fought regulations and misconceptions for quite a long time as they have made attempts to inform the public on the medical benefits of the plant. In the recent couple of years, cannabis companies have started recording a surge in interest, as evidenced by their monthly record sales. Investors in Wall Street project that the industry will attain a valuation of $75 billion by the end of 2030. Almost coincidentally, cryptos have also been enjoying a surge in popularity, with values of top cryptocurrencies such as bitcoin and Ethereum hitting record levels. Toward the end of 2017, the…

WednesdaySep 19, 2018 12:48 pm

Medical Cannabis Payment Solutions (REFG) Provides Banking Solution for State-Sanctioned Medical Marijuana Establishments

Company fills the cash-free gap left by banks and financial institutions reluctant to work with the medical marijuana industry Provides complete compliance to federal anti-money laundering laws and laws regulating financial crimes 60 million transactions processed monthly and over 100 applications already received from state-sanctioned medical marijuana establishments Financial technology company Medical Cannabis Payment Solutions (OTC: REFG) announced, in a recent press release (http://cnw.fm/LbPz4), that it is accepting applications for depository accounts for any state-sanctioned medical marijuana establishment. While most banks and financial institutions are still reluctant to work with those in the medical marijuana industry, this company is excited…

WednesdaySep 19, 2018 12:25 pm

NUGL Inc. (NUGL) Platform Offering Enhanced Customer Services by Allowing Searches for Cannabis Brands by Name

Clients can search for preferred cannabis brands and find where to buy them NUGL’s platform’s new brand search filter is unique to industry Legal cannabis industry currently worth $9 billion, expected to reach $47.3 billion by 2027 The marijuana industry is maturing at a rapid pace, and an increasingly wide range of consumers are using cannabis in a growing variety of ways. As more and more products and services become available, technology company NUGL Inc. (OTC: NUGL) has created a platform to allow consumers to more easily locate suppliers. The company announced recently that it has made it even easier…

WednesdaySep 19, 2018 11:57 am

Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) Grows IP Portfolio with Three More Patents in Australia, Two Notices of Allowance in the US

LXRP receives three new Australian patents and two new notices of allowance from the U.S. patent office; the company expects to receive corresponding patents by year-end 2018 If issued in both Australia and the U.S., LXRP would then hold 12 issued patents within its first patent family, and it continues to pursue pending application claims in this patent family globally The company, which has filed more than 50 patent applications globally, out-licenses its technology that promotes healthier and faster ingestion methods and lower overall dosing Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP), which owns the patented DehydraTECH (trademarked) ingestion technology…