December 2019 - Page 5 of 7 - CannabisNewsWire

TuesdayDec 10, 2019 4:20 am

420 with CNW – Huge Demand Forces Michigan Recreational Weed Retailers to Impose Purchase Limits

In Michigan, recreational marijuana business is booming. On Wednesday, a recorded message from Arbors Wellness in Ann Arbor said that currently, the shop has a high number of customers, which is keeping them extra busy and they are therefore unable to answer calls. The overwhelming demand has even led to purchase limits being imposed by the retailers. The sale of recreational marijuana in Michigan was launched on December 1 and since then, demand has been so high that businesses were forced to turn away customers at some point. On the first day of recreational sales, four shops generated an average…

MondayDec 09, 2019 4:20 pm

420 with CNW – Michael Bloomberg Now Supports Marijuana Decriminalization

Former New York Mayor Michael Bloomberg is a Democratic presidential candidate who has been outspoken against marijuana law reforms but is now in favor of decriminalizing marijuana possession. On November 24, Bloomberg launched a late bid for the Democratic presidential nomination; however, he faced criticism for making dismissive remarks earlier in the year about cannabis legalization when he said that the policy change is the stupidest thing anybody has ever done. On Wednesday, the Wall Street Journal reported that Bloomberg is in support of criminal justice reform for the decriminalization of simple marijuana possession and states’ right to end prohibition…

MondayDec 09, 2019 11:25 am

HTC Extraction Systems (TSX.V: HTC) Reports Continued Revenue Growth in Third Quarter Results

HTC Extraction Systems is turning its distillation technology prowess toward hemp biomass refining for the cannabidiol (CBD) product market The company recently reported third quarter financial results showing a year-over-year revenue increase of more than 2.5 times largely due to agri-infrastructure operations, but expects to see new and greater growth as its CBD production takes shape The company has completed construction on a 19,000-square-foot facility near Regina, Saskatchewan that will house its quality-assurance testing and product-development laboratories as well as its extraction and formulation-processing operations HTC has also recently acquired California-based Kase Farma Inc., an extraction and formulation company in…

MondayDec 09, 2019 4:20 am

420 with CNW – New Zealand Government Presents 2020 Marijuana Legalization Bill

On Tuesday, the residents of New Zealand got a peek at the contents of a draft proposal on marijuana legalization that will be subject to a voter’s decision during the 2020 ballot. According to a summary statement, the government of New Zealand is publishing the draft bill to ensure that the residents are well informed on the direction of legalization and the decisions being made. The draft legislation gives a framework of the essential elements of establishing a regulated recreational marijuana market. Before the 2020 elections, the government will have updated the bill while taking into account public feedback. If…

FridayDec 06, 2019 4:20 pm

420 with CNW – US Virgin Islands Governor Asks Legislators to Hold Special Marijuana Legalization Session

The U.S Virgin Islands Governor Albert Bryan Jr. is calling on the lawmakers to consider recreational marijuana legalization in a special session, which would be held later this month. If the proposed measure is approved, the U.S. Virgin Islands (USVI) will be the third territory in the U.S. to legalize adult-use marijuana, following in the footsteps of Guam and the Commonwealth of the Northern Mariana Islands. In a press conference, Bryan said that the new measure would create a regulated system and enable tourists to visit the U.S.Virgin Islands. It would also increase the tax fees collected by the Virgin…

FridayDec 06, 2019 3:21 pm

LiveWire Ergogenics Inc. (LVVV) Pioneers Potential Industry ‘Gold Standard’ with its 7X Pure Cannabis Compliance and Dosage Verification System

LiveWire collaborates with Basso Botanicals to launch new cannabis, cannabis/CBD dosage and verification system LVVV system improves transparency of cannabis industry by giving consumers, business, municipalities ability to verify product standards System makes it easier for growers, manufacturers and retailers to comply with increasingly strict industry requirements LiveWire Ergogenics Inc. (OTC: LVVV), a health and wellness company that has taken unique and bold steps forward in the cannabis industry, recently announced the launch of a cannabis testing and verification system that can be used to verify potency, materials of origin, dosages and more. The system is called the 7X Pure…

FridayDec 06, 2019 3:01 pm

ChineseInvestors.com Inc. (CIIX) CEO Sees Untapped Potential for CBD in China’s Market, Speaks to Stock Fluctuation

CIIX CEO Warren Wang and CBD Biotech executives attended 2019 China Industrial Cannabis CBD Industry International Conference At well over one billion people, China’s cannabis industry market potential is four times the size of America’s CEO responds to stock’s fluctuating volatility, urges shareholders to continue to invest ChineseInvestors.com Inc. (OTCQB: CIIX) is a leading purveyor of financial information and education for Chinese-speaking investors in the United States and China providing real-time market commentary, analysis, and educational-related services in Chinese character language sets. The products and services offered help investors make informed decisions and meet individualized financial goals. After creating inroads…

FridayDec 06, 2019 11:24 am

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Unveils Full-Spectrum CBD Oil

SPRWF launches Pūr Dew, an exclusive, full-spectrum CBD oil available under company’s wellness-focused brand, Blissco New product part of company’s strategic entry into one of the fastest-growing product segments Initially available in British Columbia, new product expected in other provinces in coming months The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of cannabis companies, has launched its newest product – Pūr Dew, an exclusive, full-spectrum CBD oil available under the company’s wellness-focused brand, Blissco (http://cnw.fm/G4tkm). The product marks a milestone for Supreme Cannabis Company as it enters the CBD market; current SPRWF products include…

FridayDec 06, 2019 4:20 am

420 with CNW – Minnesota Expands Medical Cannabis Program

On Monday, the Health Department in Minnesota announced that come 2020, residents of the state suffering from chronic pain and age-related macular degeneration would be qualified to register for the medical marijuana program. The Health Department also approved two delivery methods to give patients the option to choose from. The two systems include water-soluble cannabinoid multi-particles such as powders, granules, and sprinkles, and orally dissolvable products such as gums, mints, lozenges, buccal pills, and sublingual tablets. Earlier this year, the lawmakers passed a law permitting the medical marijuana manufacturers for the program to double the number of marijuana treatment centers…

ThursdayDec 05, 2019 4:20 pm

420 with CNW – Cannabis Legalization Opponents Admit Federal Policy is Blocking Research

Apart from marijuana legalization advocates, Friends of the National Institute on Drug Abuse (FNIDA) have also recognized that the federal authorities’ restrictions on marijuana are inhibiting cannabis research. FNIDA also raised the issue of federal limitations to Congress. FNIDA submitted a proposal to a Senate committee on federal restrictions indicating that the status of marijuana and other drugs on the controlled substances list is inhibiting researchers from conducting studies on the drugs. The group (FNIDA) also requested a federal agency, NIDA, to release a report containing all the research hurdles associated with the controlled substance status of cannabis. In a…