February 2019 - Page 4 of 10 - CannabisNewsWire

ThursdayFeb 21, 2019 4:20 pm

420 with CNW – New Jersey Moves Closer to Legalizing Pot as Top Leaders Strike a Deal

Plans to legalize marijuana in New Jersey ground to a halt last year amidst a disagreement between Gov. Murphy and legislative leaders over taxes and a few other issues. However, a compromise deal on the key sticking points has now put the legalization plans back on course. We reported at the end of last month that a new tax proposal had given cannabis legalization plans a breath of life. That proposal sought to provide a middle ground between the Governor who wanted a higher sales tax and Sweeney, the State Senate leader, who was adamant anything higher than 12 percent…

ThursdayFeb 21, 2019 2:48 pm

This Week in Cannabis: Bees, Hemp, and the Oscars

What do bees, hemp, and the Oscars have in common? They are all part of our 'This Week in Cannabis' roundup! Study finds that bees love hemp What happened: Researchers examined hemp fields in Northern Colorado, specifically looking at what bee species were present. A total of 23 different genera (that's plural for genus) of bees were collected, with three genera making up nearly 80% of the total found. Why it matters: Researchers concluded that 'the pollen-rich nature of the flowers can make hemp an ecologically valuable crop.' Bees love hemp, and they have been suffering lately, as has been well documented in…

ThursdayFeb 21, 2019 12:09 pm

SinglePoint Inc. (SING) Adds Vertical through Launch of Brand New Offering Targeting Pet Owners

SinglePoint and other leading cannabis companies are entering the promising and highly competitive CBD pet product market Company, via SingleSeed subsidiary, recently launched PHYTO-BITES soft CBD chews for pets – dogs, in particular – to help them deal with stress, inflammation and separation anxiety The CBD pet product market is expected to be one of the most rapidly growing industry sectors, expanding at a CAGR of 57 percent by 2022 The CBD market is growing constantly, across different verticals and niches that are presenting new opportunities for expansion to companies in the sector. One of the fastest growing niches is…

ThursdayFeb 21, 2019 10:12 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Reflects on Milestone Year of Revenue Growth and Industry Recognition

Supreme Cannabis’ financial and operational report speaks to the company’s ability to strategically maneuver the cannabis industry while maintaining high revenues The company’s wholly owned subsidiary, 7ACRES, was named ‘Brand of the Year’ at the 2018 Canadian Cannabis Awards Supreme Cannabis expects to reach full production capacity in 2019, in large part due to 7ACRES’ 440,000-square-foot facility in Ontario The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), an established contender in Canada’s cannabis industry, recently released its 2019 financial and operational results for the period ended December 31, 2018. The report portrayed the company’s vitality, profitability and…

ThursdayFeb 21, 2019 9:40 am

Beverage Trade Network Launches the First-ever Cannabis Drinks Expo

Beverage Trade Network organises the first-ever event, focusing on cannabis-infused beverage industry, Cannabis Drinks Expo. The trade event is scheduled to be held on July 25, 2019 in San Francisco, USA. It will be the first event to tackle the issue head-on. Cannabis Drinks Expo will give the worldwide drinks industry, and North America in particular, the chance to come together and look at ways it can address legalised cannabis and find ways to start the fight back against this enormous threat to the future of the overall industry. It will be the first time that drinks producers, manufacturers, brand…

ThursdayFeb 21, 2019 4:20 am

420 with CNW – New York City Legislators Consider Banning Pre-Employment Cannabis Tests

New York Governor Andrew Cuomo has outlined his plan to legalize recreational marijuana and this has put New York in pole position to become the 11th state where adult-use cannabis is legal. This development has prompted some lawmakers in New York City to draft a bill that seeks to ban employers from conducting marijuana drugs tests before hiring an employee. Councilman Jumaane D. Williams is the NYC lawmaker who has filed a draft law that will stop marijuana tests from being part of the hiring process in the city. Councilman Williams feels that the legislators and the city should be…

WednesdayFeb 20, 2019 4:20 pm

420 with CNW – Fewer Teens Used Pot after Medical Marijuana Legalization, Study Finds

It was always feared that teen pot use would go through the roof as more states legalized marijuana either for medical or recreational use. However, a recent study has found that the contrary is happening as fewer teens reported using marijuana in the states where medical cannabis is legal. The researchers found that the states where medical cannabis is legal had 1.1 percent fewer teens taking pot when compared to the states where no medical cannabis laws exist. While that overall statistic looks small, the figures take on greater importance when one examines the data for various groups of teens.…

WednesdayFeb 20, 2019 11:22 am

Therma Bright Inc. (TSX.V: THRM) (OTC: THRBF) Testing Innovative Products for Pain Relief Solutions

The 1980s gave birth to the notion that opioids could be widely prescribed as non-addictive and quality-of-life enhancing drugs Therma Bright is testing its trademarked infrared heat therapy with cannabidiol to combat general and chronic pain The company is also making strides in testing a way to combat mosquito-borne viruses Media attention to the so-called “opioid crisis” has sparked a new confluence of research and policy as medical professionals reevaluate existing prescriber practices for pain medications, advocates drive social change in drug use perspectives and politicians ponder best legislative practices for a wide variety of constituents. As non-addictive cannabidiol (“CBD”)…

WednesdayFeb 20, 2019 10:58 am

Cannabis Strategic Ventures Inc. (NUGS) Adding Northern California Cultivation Site to Portfolio

Company’s expanding portfolio includes new cultivation ventures with Southern California partnership and six-acre Northern California NUGS Farm Cannabis industry revenues expected to reach $80 billion in a decade as a result of current elevated interest among adults Cannabis Strategic Ventures has filed application to uplist to the OTCQB Venture Market as part of its 2019 growth strategy Los Angeles-based Cannabis Strategic Ventures Inc. (OTC: NUGS) is preparing to launch a canopy cultivation site in Northern California to sustain its brand and build options for its subsidiaries as it seeks to trade on the OTCQB Venture Market. The company began the…

WednesdayFeb 20, 2019 10:16 am

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) Readies Expansion of Unique ‘Simple Kit’

Acquisition of Goodfellas Group LLC includes innovative, user-friendly cannabis package “Simple Kit” to help first-time users achieve a positive experience Company is creating a distribution network throughout California to serve the state’s $8.6 billion cannabis industry Recently closed an IPO funding share sale to bring in aggregate gross proceeds of C$2.2 million U.S. legal cannabis industry projected to reach $23.4 billion in consumer spending in 2022, growing at a 22 percent CAGR from 2017-2022 TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8), which specializes in supporting clients involved in nearly every aspect of the cannabis-related eco-system, is adding another strategic layer…

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Month: February 2019