March 2019 - Page 5 of 14 - CannabisNewsWire

ThursdayMar 21, 2019 10:56 am

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Closes $1.8 Million Private Placement, Will Use Funding to Build Out Manufacturing Capability

Private placement closed at $1.8 million, higher than the initial target of $1.75 million Proceeds will be used to develop and enhance Wildflower’s manufacturing capability in Washington State; this development will give the company a better chance to address the growing market demand for its products Over the years, Wildflower has established a solid distribution network across the U.S., and the company also registered significant growth through its direct-to-consumer online store Vancouver-based cannabis company Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) recently announced that it has closed a previously detailed placement of units at a price of C$0.54 per unit.…

ThursdayMar 21, 2019 9:19 am

One Thing All Cannabis Growers Must Consider

As more states and countries come online with their medical or adult-use cannabis laws, demand is proving to be nearly insatiable in many areas with cultivators struggling to keep supplies up. Canada ran out of cannabis within days after first opening legal sales. Same with Nevada. Essentially, legal cannabis is proving to be an extremely valuable agricultural commodity. Same goes for the hemp variety as well. One could go on at length about all the benefits of cannabis – from medicinal to industrial – and as more people discover these benefits, demand will continue to accelerate. However, setting up these…

ThursdayMar 21, 2019 9:00 am

Staggering Growth Predicted for CBD Industry as Impact of Farm Bill Seen

CannabisNewsWire Editorial Coverage: Following the passing of the 2018 Farm Bill, CBD sales have continued their massive growth in the United States and beyond. Cannabidiol (CBD), a chemical found in cannabis, has seen a huge growth in sales over the past few years. CBD can be derived from hemp, and the passing of a new farm bill in the States makes this form of cultivation legal at a federal level. This forms part of wider growth in the cannabis market, as companies expand their operations in North America and even beyond. Wildflower Brands Inc. (OTCQB: WLDFF) (CSE: SUN) (WLDFF Profile)…

ThursdayMar 21, 2019 4:20 am

420 with CNW – Research Suggests You Could Be Storing Cannabis Improperly

Ask anyone how they store their cannabis and you are likely to hear that they place it in an airtight plastic container stored away from direct sunlight. While this has been the norm for cannabis storage, new research suggests that such a method may not preserve the ingredients of your valuable stash for long. The Italian study compared how THC content was preserved if cannabis was stored in four different ways for 100 days. First, the researchers looked at what would happen to cannabis if it were stored for 100 days in a bright room at room temperature. This method…

WednesdayMar 20, 2019 4:20 pm

420 with CNW – Lawmakers in Connecticut Unveil Marijuana Legalization Plan

At the end of last week (March 14), lawmakers in Connecticut’s Assembly held a press conference at which they outlined a plan to legalize recreational marijuana in the state. Rep. Michael D’Agostino, the chair of the General Law Committee, led the proceedings by giving a brief outline of the legalization plan. He revealed that three major areas would be looked at when pushing the legalization plan forward. These are regulation, monetization and decriminalization. These three areas would be handled by different committees that are mandated to legislate in those areas. D’Agostino added that the different committees would formulate various bills…

WednesdayMar 20, 2019 11:35 am

Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) Sees Continued Increase in Revenues and Brand Recognition

Wildflower reported 10th consecutive quarter of increased revenue Company included CBD products in the Four Seasons Hollywood Swag Bag for the 2019 Oscars Wildflower opened a branded general store in Lower Manhattan in a high-occupancy office tower housing established digital media companies For the 10th consecutive quarter, Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF), a cannabis company focused on developing and designing branded products, has seen an increase in revenue (http://cnw.fm/15Bi3). The second quarter of 2019 brought in $1.4 million in sales, a $0.4 million increase over the previous quarter, which is representative of an increase that’s consistent across all sources. Headquartered…

WednesdayMar 20, 2019 9:54 am

Cannabis Activism Post-Prohibition: Concrete Steps Forward

[Note: This article is part of an exclusive series about how cannabis activists can add value to today's cannabis industry – by Amanda Reiman, cannabis activist and VP of Community Relations with Flow Kana. You can find other installments here.] Over the past several weeks I have addressed various ways in which activists can stay engaged after cannabis legalization. As anyone who has witnessed the transition from prohibition to legalization can attest, legalization does not solve problems so much as changes the conversations and strategies around the problems. Shifting cannabis from a criminal justice to a public health paradigm invites opportunities that were not in…

WednesdayMar 20, 2019 9:00 am

CBD Beverages – Possible Next Big Disruptor in the Drinks Industry

CannabisNewsWire Editorial Coverage: Drinks infused with cannabis-derived cannabidiol (CBD) are in a prime position to bring disruption to the beverage sector. The growing consumer interest in hemp-derived CBD as a health supplement along with the recent passing of the Farm Bill has spawned a growing interest in CBD-infused drinks. The ever-increasing global trend to legalizing cannabis is also creating demand for “harder” beverages derived from marijuana Big alcohol companies have taken a particular interest in investing in cannabis producers. The relationship is also working in an inverse direction, with CBD producers recruiting experienced beverage executives to help launch new products.…

WednesdayMar 20, 2019 4:20 am

420 with CNW – Illinois Legislators Move to Ease Banking for Cannabis Businesses

As Illinois gears up to legalize recreational weed, a couple of bills have been tabled to protect state-chartered banks that decide to accept cannabis businesses as clients. Under federal law, any money from cannabis businesses is regarded as drug money and banks that accept such money may be prosecuted by the federal authorities. Consequently, most banks have been reluctant to do business with marijuana companies even if the allure of the huge sums of money that can be made from the cannabis industry is strong. The past years have seen medical cannabis companies struggling to find a bank that is…

TuesdayMar 19, 2019 4:20 pm

420 with CNW – Bipartisan Bill Seeks to Protect Federal Workers Who Use Marijuana

A bipartisan bill introduced in Congress last week (March 12) seeks to shield federal employees from being fired once they test positive for marijuana. The bill, introduced by Reps. Don Young (R-AK) and Charlie Crist (D-FL), is intended to clarify that federal workers who consume cannabis in states where it is legal cannot be held liable under federal law for testing positive for the substance. Currently, federal employees can be summarily fired or denied a job if they test positive for THC. This blanket action happens regardless of state law. Crist explains that the existing policy and law disproportionately impacts…