January 2019 - Page 10 of 12 - CannabisNewsWire

TuesdayJan 08, 2019 11:16 am

Plus Products Inc. (CSE: PLUS) Solidifies Leading Edibles Position in California with Acquisition of Cannabis-Infused Baked Goods Manufacturer

In December 2018, Plus Products finalized the acquisition of GOOD CO-OP to further cement its leadership position within the California cannabis-infused edibles field Through the acquisition, Plus will gain quick access to the baked edibles market – one of the most rapidly growing niches in the space The CAGR of cannabis-infused baked goods for the coming five years is forecast at 14.12 percent, and the overall edibles market is expected to exceed $3 billion Plus Products Inc. (CSE: PLUS) announced in December 2018 that it had finalized the acquisition of GOOD CO-OP Inc. – a California-based cannabis-infused baked goods brand.…

TuesdayJan 08, 2019 9:00 am

US President, Producers Envision ‘Green Acres’ with Signing of Historic Hemp-Legalizing Farm Bill

CannabisNewsWire Editorial Coverage: Moments prior to signing a historic 2018 Farm Bill and effectively legalizing industrial hemp, President Donald Trump tweeted out a video of his performance at the 2005 Emmy Awards, singing the song “Green Acres.” Having already passed through the House of Representatives and the Senate, the bill was met with much fanfare across nearly the entire cannabis sector, including benefactors such as Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) (GGB Profile), Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), Harvest Health and Recreation (CSE: HARV) and MedMen Enterprises Inc. (CSE: MMEN)…

TuesdayJan 08, 2019 4:20 am

420 with CNW – Arkansas Delays Issuing Medical Cannabis Cards

Patients who applied and got approval to join the medical cannabis program in Arkansas will have to wait until February to receive their medical cannabis cards from the state. The delay comes amidst the inability of cultivators to provide medical cannabis to the licensed dispensaries. Arkansas residents voted to change the constitution in 2016 so that medical cannabis could become legal in the state. However, the process of implementing that change has taken longer than was expected. The Department of Health in the State is reluctant to give residents medical cannabis cards when medical cannabis supplies aren’t available. The authorities…

MondayJan 07, 2019 4:20 pm

420 with CNW – Marijuana Justice Initiative Could Wipe Off Some Cannabis Convictions in Washington

Washington State Governor, Jay Inslee, issued a statement on Friday (January 4) announcing a “marijuana justice initiative” which will help residents with a single cannabis misdemeanor conviction on their record to apply for clemency. The initiative is intended to reflect the current change regarding the status of marijuana in the state. The Democratic Governor felt that it was unfair for state residents to continue being adversely affected by a minor marijuana possession conviction long after the substance became legal to consume. Under the initiative, approximately 3,500 people would be eligible for clemency. This estimate was arrived at after looking at…

MondayJan 07, 2019 12:53 pm

Legislative Changes in the US Provide SinglePoint, Inc. (SING) with Rapid Growth Opportunities in 2019 and Beyond

As the 2018 Federal Farm Bill legalizes hemp across the U.S., SinglePoint prepares for rapid growth in 2019 The company is working on development programs and potential acquisitions in order to establish its leading industry position Through hemp legalization, the industry is expected to grow exponentially in the years to come, reaching a volume of $20 billion by 2022 Congressional approval of the 2018 Federal Farm Bill that removes hemp production from federal prohibition is expected to create amazing new opportunities for industry representatives in 2019 and beyond. SinglePoint, Inc. (OTCQB: SING) released an official statement underlining that the legislative…

MondayJan 07, 2019 12:32 pm

Icon Exploration Inc. (TSX.V: IEX.H) Set to Capture High Margins with Vertical Integration Strategy in Canadian Cannabis

Canadian cannabis market set for CAGR of 77.9 percent to 2021 Icon’s Vertical integration strategy could capture high margins Company will have operations in cultivation, extraction and retail The legalization of recreational cannabis in Canada has made analysts project rapid growth for the industry. Spending on adult-use marijuana (http://cnw.fm/4wY7O) is “estimated to reach over $3 billion in 2021, driving a CAGR of 77.9 percent from 2018-2021.” Eventually, Canada’s legal cannabis market will likely be comparable in size to the hard liquor or wine market. Growing organically, some sectors will be profitable (others, perhaps, less so), but telling which may not be so…

MondayJan 07, 2019 12:05 pm

Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Building Cannabis-Infused Beverage Solutions with Leadership Depth

Consumer reports show growing tendency to reject smoke-inhaled substances such as cigarettes Sproutly Canada’s solution provides truly water-soluble cannabis product that mimics rapid onset, offset of smoked drug Cannabis-infused beverage market potential forecast between $900 million and $4.4 billion by 2024 As savvy cannabis investors look toward the market potential of the beverage-ization of their natural plant products, suppliers such as Sproutly Canada, Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) are strengthening their operations by adding more experienced executives, building their distribution networks and increasing their output capabilities. Sproutly Canada is focused on cultivating pharmaceutical-grade cannabis for the backbone of…

MondayJan 07, 2019 4:20 am

420 with CNW – Want to Make Money in 2019? Think About These 3 Cannabis Trends

As the year comes to an end, many investors are evaluating their portfolios and are planning how to reallocate funds from losing investments to other avenues where the earning potential is higher. If you plan to make money from the cannabis industry, read on and discover the three trends that you can consider as you make your 2019 investment allocations. Think Small Seasoned investors know that the worst time to acquire interests in an entity is when the price is at its peak, because that means that a market correction will soon happen and latecomers will lose out. Similarly, people…

FridayJan 04, 2019 4:20 pm

420 with CNW – The Shameful Cannabis Irony: Everyone, Except Scientists, Can Easily Access Marijuana

The difference between U.S. federal marijuana laws and the legal framework in many states around the country has created an ironical situation in which everyone can easily access marijuana in state-legal and states where cannabis is still illegal, but scientists who desperately need high-quality cannabis for research purposes cannot get it. This situation is very frustrating for the scientists because they know that the private sector in states where cannabis is legal has made available cannabis of very high quality, but scientists can’t lay a finger on it due to federal restrictions. Instead, the scientists are made to jump through…

FridayJan 04, 2019 12:48 pm

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Finishes 2018 on a Strong Note, New Developments Announced

Redfund Capital’s 2018 portfolio consists of five companies; a total of 11 companies are in the pipeline at various due diligence stages New partnership was announced at the end of November for the purpose of developing water-soluble cannabis technologies During 2019, Redfund intends to maintain its CBD industry focus The year of 2018 featured a number of important developments for Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4), the first medical cannabis incubator and accelerator financing medical cannabis, CBD and hemp companies through a debt facility. At the end of November, the company announced a key partnership with Cannabis…

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Month: January 2019