May 2019 - Page 5 of 12 - CannabisNewsWire

FridayMay 17, 2019 12:19 pm

Global Consortium Inc. (GCGX) Expands Reach, Building First-Ever Cannabis Mall

The company is constructing the first-ever cannabis mall, offering products manufactured in-house and serving outside vendors GCGX is reaching into the Lake Tahoe, California-area to provide products to more than 30 million who have limited or no access to recreational dispensaries The company is adding a medical grade nutraceutical division GCGX aims to commence the registration process for listing on the Nasdaq, with a target date of mid- to late-June Headquartered in Florida, Global Consortium Inc. (OTC: GCGX) is a diversified, cannabis-holding company expanding its reach nationwide. The company’s portfolio includes several subsidiaries, partnerships and licensing agreements. Focused on sustainable…

FridayMay 17, 2019 12:07 pm

Market Leader VPR Brands, LP (VPRB) Reports Increased Revenue, Reverses Operating Loss

Figures from VPR Brands’ 2018 report point to strong financial performance VPR Brands’ growth strategy focuses on high-performance, high-quality products that build expanded brand quality, awareness and loyalty The company’s plethora of brands target multiple corners of the lucrative cannabis industry VPR Brands, LP (OTC: VPRB), an innovative technology holding company whose assets include patented atomization-related products and technology, recently announced its 2018 financial results, boasting increased revenues and a net operating gain. The company has grown its revenues to almost $4.6 million (http://cnw.fm/Mlf05) while “reversing its operating loss of over $888,000 to positive territory above $9,000.” Its full-year operating margins grew by…

FridayMay 17, 2019 11:20 am

Earth Science Tech Inc. (ETST) Airs Infomercial Featuring Full-Spectrum CBD Products, Best Purchasing Options

A recently introduced informercial campaign tells the real-life story of the impact of ETST cannabinoids on consumer An estimated 64.5 percent of hemp-sourced cannabis is sold online; the legal cannabis market is projected to hit $20.2 billion by 2021 The ‘As Seen on TV’ spot is currently airing on Fox News, Lifetime and the Cooking Channel Earth Science Tech Inc. (OTCQB: ETST), a biotech company focused on the nutraceutical and pharmaceutical fields, is inviting viewers of its ‘As Seen on TV’ infomercial aired in the New York market to purchase ETST’s industrial-grade, hemp-sourced cannabinoid products online. According to a study…

ThursdayMay 16, 2019 4:20 pm

420 with CNW – State Statistics Reveal Less than 50 Percent of Ohio Patients Have Purchased Medical Marijuana

Medical marijuana was legalized in Ohio in 2016 and sales only started this year. Figures coming in from the state show that only 15,339 of the patients who hold medical marijuana cards have so far visited a dispensary and purchased medicinal marijuana products. Several factors can explain why just 49 percent of the cardholders have bought medical marijuana. First, very few medical marijuana dispensaries have opened their doors to patients. Out of 56 dispensary licenses which were issued, just a paltry 15 establishments have started operating. These few dispensaries aren’t evenly distributed across the state, and this may explain why…

ThursdayMay 16, 2019 1:22 pm

NCIA’s Cannabis Business Summit & Expo Offers Opportunity to Network with the Best and Brightest

Who’s going to deliver the keynote address at NCIA’s 6th Annual Cannabis Business Summit & Expo at the San Jose McEnery Convention Center in San Jose, California? Last year, it was James Cole, a former deputy attorney general who thinks that the federal government should treat cannabis as a medical pharmaceutical substance. The year before it was Vicente Fox; a former president of Mexico who set the tone at the 2017 conference with an insightful talk on the social injustices created by the war on drugs and the positive effects of global cannabis legalization. This year’s event – the nation's…

ThursdayMay 16, 2019 10:45 am

This Week in Cannabis: History is Made in Oregon & Hemp May Lower Pharma Use

It's not every day that cannabis policy history is made in the United States, but it happened this week in Oregon. When you add what happened in Oregon with the other cannabis news from the week, it's easy to see that this last week was a big one. Below are the highlights. Oregon lawmakers become the first in the nation to pass a cannabis export bill What happened: Senators in Oregon passed a bill this week which would give discretion to Oregon's Governor to authorize cannabis exports. The bill will now go to the Oregon House of Representatives where cannabis…

ThursdayMay 16, 2019 4:20 am

420 with CNW – New Jersey May Turn to a Referendum to Legalize Recreational Marijuana

As it becomes increasingly clear that the bill to legalize recreational marijuana is unlikely to get enough support in the New Jersey senate, lawmakers are beginning to consider the possibility of letting voters make the decision through a referendum in 2020. It is now six weeks since a vote on the legalization bill was suddenly called off, but legislative leaders and Gov. Murphy don’t seem to have made any progress is securing the “2-5 votes” needed to guarantee that the legalization bill will pass on the senate floor. The Assembly doesn’t have the same problem and they are just waiting…

WednesdayMay 15, 2019 4:20 pm

420 with CNW – Medical Marijuana Edibles Now Legal in Maryland

Edible medical cannabis products are now legal in Maryland after Gov. Larry Hogan signed two related bills on Monday this week (May 13). Medical marijuana businesses stand to boost their revenue potential with the addition of these products to their offerings. The medical marijuana edibles bill was signed along with a related antitrust law on the same day. There are three major highlights of those two laws as explained below. First, no single individual or business entity will be allowed to get more than four medical marijuana dispensary licenses in the state. This provision is intended to spread the economic…

WednesdayMay 15, 2019 12:08 pm

Here’s Why Cannabis Budtenders Should Never Play Doctor

It is no secret that the cannabis plant is medicine. Some cannabis opponents will try to cling to the debunked claim that it isn't, but such a claim has been proven false countless times. Despite what some people think, cannabis is one of the most studied plants on earth from a medical perspective. It should obviously be studied more, but already there's ample evidence proving cannabis's medical value. But who should discuss that medical value with patients? Unfortunately, too many budtenders make the mistake of trying to insert themselves as a quasi-medical cannabis doctor. Here are some factors that any…

WednesdayMay 15, 2019 11:26 am

ChineseInvestors.com Inc.’s (CIIX) Pop-Up Store Strategy Offers Unique Retail Branding, Shopping Intimacy

CIIX’s Q3 2019 revenue was driven by hemp and CBD product sales, generating $1.1 million of the quarter’s $1.4 million in sales CIIX subsidiary Chinese Wellness Center launched a pop-up store in California’s Glendale Galleria Mall Forbes reports that pop-up stores provide an intimate experience, create awareness and drive a unique shopping experience ChineseInvestors.com Inc.’s (OTCQB: CIIX) wholly owned Chinese Wellness Center (“CWC”) subsidiary entered a new wave of retailing when it debuted a pop-up store in the Glendale Galleria Mall in California earlier this month. The store showcases its own opt line of industrial hemp/CBD products. These products drove…