February 2020 - Page 5 of 6 - CannabisNewsWire

MondayFeb 10, 2020 11:53 am

O’Cannabiz Conference & Expo to Showcase Star-Studded Cast at International Centre

On its return to Toronto, O’Cannabiz Conference & Expo will be featuring a celebrated cast of cannabis champions, crusaders and campaigners. As with last year, Canada’s premier cannabis event will once again be offering invaluable content and impressive speakers as the conference gets going April 23-25, 2020, at the International Centre in Mississauga, Ontario. The speaker lineup includes famed Dame Olivia Newton-John, Michelle Romanow, Rachel Rapinoe and Shaun O’Neale, all of whom are well-known cannabis evangelists. The three-day trade fair includes a business conference, an industry awards gala and more than 400 expositions. Over 7,500 cannabis aficionados, advocates and acolytes…

MondayFeb 10, 2020 4:20 am

420 with CNW – Colorado Unveils Plan to Ease Banking Access for Marijuana Industry

On Monday, Colorado Governor Jared Polis unveiled a plan through which he seeks to increase the number of financial institutions conducting business with the legal marijuana industry. Rep. Ed Perlmutter joined Polis at the press conference for announcing the new legislation “Roadmap to Marijuana Banking and Financial Services.” The Assembly-led legislation was sponsored by Perlmutter, and the legislation’s aim is to protect financial institutions from being punished for transacting with the legal marijuana businesses within Colorado. Polis said that federal prohibitions on marijuana have forced banks to rejects opening accounts for marijuana businesses, blocking them from accessing financial services. The…

FridayFeb 07, 2020 4:20 pm

420 with CNW – Feds Worried International Cannabis Rescheduling Could Force Their Hand

An upcoming vote seeking to loosen international restrictions on cannabis has the U.S. federal government worried as it could reinforce marijuana legalization efforts. Media outlets obtained a government document that was released last year by the United Nations’ (UN) World Health Organization (WHO). The report was discussing a series of marijuana policy recommendations in the U.S. The policies discussed include the removal of marijuana from Schedule 1 of controlled substances under an international treaty as well as rescheduling some cannabinoids. Last year, the UN’s Commission on Narcotic Drugs was expected to vote on WHO’s reclassification recommendations and decide if they…

FridayFeb 07, 2020 1:29 pm

USA CBD Expo 2020 to Offer Opportunity to Sample Products, Features 300+ Vendors

When the nation’s most popular CBD/hemp trade show – USA CBD Expo 2020 – opens its doors in Las Vegas, it may well turn out to be a veritable Garden of Eden for the CBD community. Slated for February 13-15, 2020, USA CBD Expo will take place at the Las Vegas Convention Center and feature products from more than 300 exhibitors on display. The leading exposition will shine a spotlight on some familiar brands, as well as a number of lesser-known labels. A large throng of growers, retailers, buyers and members of the public are expected to attend, just as they…

FridayFeb 07, 2020 4:20 am

420 with CNW – Illinois Pot Companies Sell Marijuana Worth Almost $40M in January

The adult-use marijuana industry in the state of Illinois started on a high note. On Monday, the Department of Financial and Professional Regulation announced that in the month of January, marijuana sales came to a total of $39.2 million. Recreational marijuana sales became legal on the Jan. 1, 2020, and within January, marijuana customers bought approximately one million cannabis products. The majority of the marijuana products were purchased by residents of Illinois and this amounted to $30.6 million, while $8.6 million was purchased by out-of-state consumers. The sales figures above do not account for medical marijuana sales; it is only…

ThursdayFeb 06, 2020 4:20 pm

420 with CNW – In-Store Marijuana Dispensary Trends to Watch This Year

It is the nature of any new industry to have rapid trend changes, and the marijuana market is not an exception. Changes are therefore most likely be visible on the shelves at your local dispensary. Lately, you may have noticed that shorter lines and fewer people are seen queuing at the dispensaries; this is because digital kiosks are serving the customers faster. Marijuana customers will also be able to purchase more CBD-infused products as it is the product that is legal in many states in the U.S. this year. Discussed below are some of the in-store dispensary trends to watch…

ThursdayFeb 06, 2020 11:33 am

SinglePoint Inc. (SING) President Talks Subsidiary’s Massive Growth Potential, Newly Appointed CFO

Newly appointed CFO rejoins company with plans to roll out national solar brokerage model for residential, commercial consumers SING president highlights growth potential of solar industry, dismisses rumors of a reverse stock split Solar energy capacity expected to double over next five years according to leading industry association Following the recent announcement of newly appointed CFO Corey Lambrecht, SinglePoint Inc. (OTCQB: SING) President Will Ralston appeared in a television interview to discuss the company’s projected increase in 2020 profits through the activities of Direct Solar, its high-performing subsidiary that produced more than $2 million in revenue in the second half…

ThursdayFeb 06, 2020 4:20 am

420 with CNW – LA Black Entrepreneurs Frustrated by Unresponsive Marijuana Equity Program

The establishment of a program meant to provide marijuana permits to people who have been affected by the war against drugs in Los Angeles has been marred by delays, scandal, and bureaucratic blunders. This has resulted in the loss of thousands of dollars for some of the intended beneficiaries. Speaking to the Guardian, black entrepreneurs and marijuana activists said that the beleaguered social equity program had left potential business owners on a list whose approval timeline is uncertain, and this has resulted in irreparable damages to the finances of the businesses in question. It has also prevented them from opening…

WednesdayFeb 05, 2020 4:20 pm

420 with CNW – Authorities Say Illinois Marijuana Shortages Were Planned

Since the legalization of adult-use marijuana in Illinois, the market has been plagued by long queues, closure of dispensaries, and shortages; and this has left marijuana customers very frustrated. However, it has emerged that the cultivators intended to start the sale of recreational marijuana on a slow note, the state officials said. The cultivators and state officials said that their ultimate goal is to have a marijuana market where supply and demand are balanced. Governor J. B. Pritzker’s senior advisor on marijuana Toi Hutchinson said that the regulators aimed to intentionally slow down the market to ensure that there was…

WednesdayFeb 05, 2020 12:10 pm

No Borders Inc. (NBDR) Accesses Lucrative Niche as Big Players Ease Up on CBD Research and Development

The FDA has reiterated its position of not currently allowing the marketing of CBD by adding it to a food or labeling it as a dietary supplement Tight FDA requirements provide an opening for startups like No Borders, Inc., which leverages blockchain supply chain technology to ensure and confirm the quality of CBD products Sales of all legalized cannabis in the U.S. are projected to reach $41 billion in 2025, including $6 billion from hemp-derived CBD products. CBD product sales to consumers to reach an estimated $20 billion by 2024 There is no denying that cannabidiol (CBD) is a booming market…

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Month: February 2020