NewsRoom Articles - Page 535 of 622

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…

TuesdayOct 16, 2018 11:05 am

ChineseInvestors.com, Inc.’s (CIIX) CBD Biotechnology Co. Ltd. Developed its CBD Hemp-Infused Rice Wine with ‘Hemp Enthusiasts’ in Mind

CIIX’s wholly owned foreign enterprise, CBD Biotechnology Co. Ltd., focuses on benefits of new wine; it has attributed sales gains to hemp oil and alcoholic beverages Life longevity is key issue in its marketing strategy; rice wine is a diet staple in town of Bama, China, which has one of the highest ratios in the world of centenarians-to-general population Warren Wang, CEO of CIIX, noted in a news release that the company had significant growth in its latest fiscal year, largely due to surging hemp oil and alcoholic beverage product sales ChineseInvestors.com, Inc.’s (OTCQB: CIIX) CBD Biotechnology Co. Ltd., a…

TuesdayOct 16, 2018 10:44 am

Cannabis Strategic Ventures, Inc. (NUGS) Taking It to the Next Level with New Hire as Cannabis Job Market Expands

Appointment of new board member with expertise in finance Company is preparing to uplist to a national exchange BudHire subsidiary to offer staffing services to cannabis industry Retail initiatives continue under “Pure Organix” brand The appointment of Alan Tran to the board of directors of Cannabis Strategic Ventures, Inc. (OTC: NUGS) augurs well for the company’s fortunes, because it is an action that’s likely to be replicated across the cannabis industry. A report in Forbes (http://cnw.fm/70IvM) titled ‘Marijuana is the Fastest-Growing Job Category, Top Recruiting CEO Says’ shows that those forces are already in play. Now that 31 states and Washington, DC…

TuesdayOct 16, 2018 4:20 am

420 with CNW – Canada May Not Have Enough Cannabis to Meet Demand Upon Legalization

It is just a matter of hours before recreational marijuana is legalized in Canada but researchers are suggesting that the country may not have enough marijuana on the shelves to meet the demand for it. Researchers based at the University of Waterloo and their counterparts at C.D. Howe Institute warned that many people who may want to celebrate legalization with a joint may be unable to do so due to the limited capacity of cannabis suppliers to meet the expected demand. The researchers revealed that the current suppliers may only be in position to meet between 30 percent and 60…

MondayOct 15, 2018 4:20 pm

420 with CNW – Poll Shows 62 Percent of Americans Favor Marijuana Decriminalization

A recent poll conducted by Pew Research Center shows that 62 percent of all Americans want cannabis to be legalized. The findings are in line with previous polls which have been showing an increase in the number of citizens who favor marijuana legalization. A total of 1,754 adults were interviewed by phone and their responses showed the highest support for decriminalization since Pew Research Center started conducting yearly polls about the sentiments of citizens regarding marijuana. This increased support may have been fueled by the legalization of pot in several states as well as D.C. However, the rate at which…