July 2019 - Page 6 of 14 - CannabisNewsWire

FridayJul 19, 2019 4:20 pm

420 with CNW – Michigan Names 19 Communities to Benefit from Marijuana Social Equity Program

Michigan has unveiled the details of the communities that will benefit from the marijuana Social Equity Program of the state. The MRA (Marijuana Regulatory Authority) made this announcement while releasing the list of 19 communities and the different ways in which applicants from those communities will benefit. The 19 disadvantaged communities are Detroit, Benton Harbor, East Lansing, Albion, Flint, Ecorse, Hamtramck, Highland Park, Inkster, Kalamazoo, Mt. Pleasant, Mt. Morris, Muskegon Heights, Muskegon, Niles, Pontiac, Saginaw, River Rouge and Ypsilanti. During an exercise that lasted several months, the Marijuana Regulatory Authority put 150 stakeholders in workgroups and solicited input from them…

FridayJul 19, 2019 12:20 pm

SinglePoint Inc. (SING) Subsidiary to Support Fall Sports Programs for Dozens of Texas Schools

SinglePoint has signed a contract to become the exclusive solar marketing partner and donate funds to 47 schools The company also inked a premium hemp-flower deal SING offers investment opportunity across a wide range of market sectors Direct Solar, a subsidiary of SinglePoint Inc. (OTCQB: SING), recently announced that it has signed a contract to become the exclusive solar marketing partner to support fall sports programs for 47 schools across the Dallas/Fort Worth, Houston, Austin and Waco areas. According to the contract, the company will donate $250 to the schools’ fall sport booster programs for each solar system sold by the…

FridayJul 19, 2019 11:55 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Shows Impressive Domestic, International Growth

Supreme is building a diverse portfolio of domestic and global premium cannabis brands The company is revolutionizing strain development for the global cannabis market Supreme delivers consistently premium products and investment opportunities through its wholly owned subsidiaries and partnerships Canada’s only coast-to-coast premium cannabis producer, The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), is passionate about its products. The company provides high-quality brands and products that elevate its mission of becoming a leader in the global cannabis industry. Rather than focus on simply upping production, Supreme Cannabis pursues the production of the best cannabis possible, aiming for…

FridayJul 19, 2019 4:20 am

420 with CNW – Study Finds Legalized Recreational Cannabis a Danger to Alcohol, Not Tobacco

The recent wave of adult-use marijuana legalization across the U.S. has the potential of generating $22 billion in annual sales, but not everyone is thrilled about this development. New research that will soon be published in the Marketing Science journal shows that the alcohol industry is likely to take a hit once marijuana is legalized. The research was done by Pengyuan, an assistant professor at the Terry College of Business (University of Georgia). He worked with Guiyang Xiong from Syracuse University. The duo analyzed online search data taken from one of the leading web portals based in the U.S. In…

ThursdayJul 18, 2019 4:20 pm

420 with CNW – Cannabis Sales Could Soon Surpass Wine Sales, New Data Reveals

If the current trend of cannabis sales during the Fourth of July holiday continue, marijuana could outsell wine as soon as July 4 next year, according to new data collected on different staples during Independence Day celebrations. The week in which this year’s Independence Day fell saw a record $400 million worth of cannabis sold by dispensaries across the country. Statistics show that this figure is 60 percent above the national average of the marijuana sales made during any typical week of the year. The data collected and analyzed by Akerna Corp shows that every single day leading to July…

ThursdayJul 18, 2019 12:25 pm

Marijuana Company of America Inc. (MCOA) Signs Joint Venture LOI, Plans Expansion in California

MCOA signed a letter of intent with Northern Lights Distribution and Alpha Private Equity & Capital to form Magnolia Extracts The joint venture aims to expand large-scale operations surrounding the delivery, distribution and manufacture of cannabis products MCOA earlier acquired a 20 percent equity interest in and signed a JV with Natural Plant Extract of California Marijuana Company of America Inc. (OTCQB: MCOA), a hemp and cannabis corporation, has signed an LOI with Northern Lights Distribution (“NLD”) and Alpha Private Equity & Capital to form joint venture Magnolia Extracts LLC, with plans to debut delivery, distribution and manufacturing at its…

ThursdayJul 18, 2019 11:16 am

Here’s How Many People Die from Popular Prescription Drugs (Cannabis Still Zero)

The verdict is out: Americans are popping more legal pills than ever before. In the past two decades, the number of drug prescriptions has increased by 85 percent. Yet, in 2013, an estimated 128,000+ prescription drug takers died from adverse drug reactions. This means that prescription drugs almost rival stroke in terms of overall casualties. The irony? We’re taking more "medicine" than ever, but we just keep getting sicker. While humankind has certainly made major strides in treating infectious disease and helping us live longer, rates of debilitating, chronic disease have only increased along with the rise of medications. Legal…

ThursdayJul 18, 2019 9:00 am

Smart Companies Finding Sweet Spot in Cannabis Processing, Manufacturing Opportunities

CannabisNewsWire Editorial Coverage: In between growers and sellers lie several potential places for companies with expertise to firmly establish themselves in the burgeoning cannabis space. Savvy companies such as Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile) recognize the potential payoff of being involved in the back end of the cannabis industry. The company’s wholly owned subsidiary Khrysos Industries Inc. just signed a five-year contract to purchase hemp plant biomass for extraction, end-to-end processing and production of hemp-derived products. Indiva Limited (TSX.V: NDVA) (OTCQX: NDVAF) has successfully received an amended license from Health Canada for three additional grow rooms and three…

ThursdayJul 18, 2019 4:20 am

420 with CNW – Can the Pechoti Method Apply to Weed as Well?

Pecho…what? If you are hearing about the Pechoti method for the first time, you aren’t alone, although this mode of administration of alternative remedies isn’t new. It entails putting drops of essential oils on the belly button as a way of treating different conditions, including PMS, nausea and pain. Now some people have been suggesting that one can ingest cannabis oil in this way. But is this even possible? What the Pechoti Method Is As mentioned earlier, the Pechoti method refers to an old Ayurveda treatment method in which essential oils are dropped onto the belly button to combat different…

WednesdayJul 17, 2019 4:20 pm

420 with CNW – Senate Committee Confirms Marijuana Banking Hearing Date

On Monday, we reported that a key senate committee would soon schedule a hearing on marijuana banking. Now the Republican-controlled committee on Banking, Housing and Urban Affairs has revealed that it will hold this hearing on Tuesday next week (July 23). This announcement comes as yet another indicator that marijuana reform is gaining momentum at the highest levels of decision making in the country. The legislation to be discussed is geared at finding a solution to the challenges that marijuana businesses have been having regarding access to banking services. A similar law, which was passed by a Congressional committee, now…