January 2019 - Page 9 of 12 - CannabisNewsWire

ThursdayJan 10, 2019 4:20 pm

420 with CNW – Cannabis Concentrates Could Be Bigger than Edibles in Canada

Canada is slated to legalize cannabis edibles sometime this year and the population is filled with excitement regarding these products. However, if the trend in the U.S. states where edibles are legal is anything to go by, then edibles will not be the biggest moneymaker. Something else, concentrates, will be king of the market. For example, edibles fetched $685 million from the start of 2018 to October the same year in Oregon, Colorado, California and Arizona. However, the same period saw consumers spending approximately $1.4 billion on marijuana concentrates. The bulk of that money spent on cannabis concentrates was for…

ThursdayJan 10, 2019 12:19 pm

This Week in Cannabis: Big News Most People Overlooked

This last week had quite a few notable cannabis happenings at the local and federal level. Some of the news was inspiring and at least one item was a bit disappointing, and either way, it was all newsworthy. Here are the big highlights you might have missed: Congressman predicts 'best chance yet to make big moves on cannabis reform' What happened: The 116th Congress is officially in session and it is packed with more cannabis supporters than ever. Congressman Earl Blumenauer (D-OR) is already predicting that it will be Congress's "best chance yet to make big moves on cannabis reform." Why it…

ThursdayJan 10, 2019 4:20 am

420 with CNW – Rhode Island Considers Using Medical Cannabis to Stop Opioid Dependency

The Department of Health in Rhode Island has scheduled a public hearing early next month to collect views about a petition that calls for cannabis to be used to help people wean off prescription opioids. Prescription opioid overdoses were found to be responsible for the death of 336 people in 2016 while the number of such fatalities in 2017 was 323. From the start of 2018 to September 2018, the fatalities from prescription overdoses were 220. The public hearing will take place on February 6 starting at 10a.m at the auditorium of the DOH. Thereafter the department will review the…

WednesdayJan 09, 2019 4:20 pm

420 with CNW – Three Medical Marijuana Issues That Iowa May Need to Revisit

Iowa legalized medical cannabis in 2014, but the rate at which the state has adapted to the changing realities of the industry is so slow that many have been left frustrated by how oblivious the state legislature is to the things that laypeople see every day. Of specific concern are the three issues below. The Number of Licensed Dispensaries The entire state of Iowa has only five medical cannabis dispensaries from which patients can legally acquire what they need for their health challenges. For example, Cedar Rapids doesn’t have any licensed dispensary within its borders and yet this is the…

WednesdayJan 09, 2019 2:55 pm

CBD Can Help You Quit Smoking, According to Studies

If there’s one piece of advice that most cigarette smokers will give non-smokers, it’s “Don’t start smoking.” As any smoker will tell you, quitting smoking is one of the hardest things to do and can feel nearly impossible at times. The numbers bear this out. According to a study by the National Institute on Drug Abuse, about half of all smokers will try to quit in any given year. Only 6% will succeed in their attempt. Most smokers who are able to quit, require multiple attempts throughout their lifetime before quitting permanently. Even with these odds, cigarette smokers and other…

WednesdayJan 09, 2019 10:49 am

The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) Set to Have All 25 7ACRES Flowering Rooms Completed by March 2019

Supreme Cannabis recently provided a 7ACRES construction update, announcing that 19 flowering rooms have been completed and the remaining six are expected to be ready by March 2019 The modular design of the facility enables independent adjustment of crop cultivation conditions, resulting in higher quality and better yield According to Supreme Cannabis, 7ACRES’ production capacity will reach 50,000 kilograms by mid-2019 The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) recently announced that it has completed 19 of the 7ACRES flowering rooms and is on target to complete all 25 by March 2019. Once construction is finalized, 7ACRES…

WednesdayJan 09, 2019 4:20 am

420 with CNW – CARERS Act Seeks to Reform Federal Marijuana Law

Congressman Steve Cohen (D-TN) together with other cosponsors have introduced a bill in Congress seeking to protect states that legalize medical marijuana from federal prosecution while making their own laws to regulate the medical marijuana industry. The bipartisan bill will formalize the respect of the rights of states to pass laws and implement their own medical marijuana programs. Currently, only a Department of Justice spending rider passed by Congress prevents federal prosecutors from using taxpayer money to prosecute individuals who use cannabis for medical or recreational purposes in states where it is legal. That rider, at least hypothetically, doesn’t bar…

TuesdayJan 08, 2019 4:20 pm

420 with CNW – Ohio Residents Petition for More Medical Marijuana Qualifying Conditions

Toward the end of this month, a special committee will sit to assess the different petitions that Ohioans submitted calling for additional conditions to be included on the list of ailments for which one can obtain a medical cannabis card. The meeting this month comes after the end of a window within which people could send in their requests for the conditions they want to see on the qualifying list for access to medical cannabis. Medical marijuana became legal in 2016 and 21 qualifying conditions were listed in that law. However, the law also granted the Medical Marijuana Board permission…

TuesdayJan 08, 2019 12:00 pm

The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) Inks Consulting Agreement with Khalifa Kush Enterprises

Supreme Cannabis Company focuses on growing sustainable cannabis businesses The company’s portfolio includes innovative 7ACRES brand Supreme Cannabis recently signed an agreement with Wiz Khalifa’s Khalifa Kush Enterprises The Supreme Cannabis Company Inc. (TSX.V: FIRE) (OTC: SPRWF) (FRA: 53S1) works to identify new opportunities to build unique cannabis businesses. The company’s 7ACRES licensed producer subsidiary operates a 440,000 sq. ft. facility in Ontario, Canada. 7ACRES’ specialty is growing high-quality cannabis in large quantities. Supreme Cannabis Company has its corporate headquarters in Toronto, Ontario. Supreme Cannabis’ portfolio additionally includes an equity investment and long-term worldwide distribution partnership with Medigrow. This partnership…

TuesdayJan 08, 2019 11:41 am

The Flowr Corporation (TSX.V: FLWR) (OTC: FLWPF) Identifies Acquisition of Stake in Holigen as ‘Transformative Transaction’

Vinay Tolia, co-CEO of Flowr, sees the move as giving the company exposure to European and Australian markets The company believes that the combination of its cultivation expertise with Holigen’s development of large-scale cannabis facilities could result in one of the lowest-cost producers worldwide Clarus Securities has initiated coverage on FLWR stock with a ‘speculative buy’ rating and a one-year price target of $5; its research report projects adjusted EBITDA of C$6.8 million in FY2019 The Flowr Corporation’s (TSX.V: FLWR) (OTC: FLWPF) acquisition of 19.8 percent of Holigen Limited for a cash payment of C$6 million and the signing of an intellectual property sharing agreement is expected…