October 2020 - Page 5 of 7 - CannabisNewsWire

MondayOct 12, 2020 12:39 pm

Pac Roots Cannabis Corp. (CSE: PACR) Employs Specialized Proprietary Cultivation Techniques, Seeks to Deliver on Higher-Quality Product Portfolio

Pac Roots Cannabis Corp. dedicated to supplying higher-quality cannabis product PACR enters into strategic licensing agreement with Phenome One Corp, providing access to 350 meticulously-designed cultivars Company has also employed number of proprietary cultivation techniques to ensure quality of end products, which has contributed to PACR’s stellar industry reputation Since completing its RTO and being listed on the CSE in May of 2020, Pac Roots Cannabis Corp. (CSE: PACR) has established a strong reputation within the field of cannabis and hemp cultivation, leveraging upon the exceptional genetics of its specialized cultivars as well as an innovative proprietary cultivation technique to…

MondayOct 12, 2020 11:41 am

Sugarmade (SGMD) Numbers In Line with Cannabis Industry Increasing Projections

Projections for U.S. retail sales of medical, recreational cannabis on pace to reach $15 billion by end of 2020 SGMD seeing consistent growth in numbers, supporting expert predictions CEO reports “increase in gross margins while demonstrating another breakout month-over-month performance on both the top and bottom line” Even with the global COVID-19 pandemic causing a speed bump, projections for the retail sales of medical and recreational cannabis in the United states are on pace to reach $15 billion by the end of 2020 (https://cnw.fm/tqgrr). Those numbers, which are an increase of approximately 40% over 2019 sales figures, may not surprise…

MondayOct 12, 2020 11:04 am

Pressure BioSciences (PBIO) Achieves Critical Milestone in Commercial Rollout of Revolutionary Nanoemulsification System

Pressure BioSciences has been making a name for itself as a leader in the development and sale of proprietary intense-pressure delivery systems to the worldwide life sciences field PBIO is developing a novel high pressure platform called Ultra-Shear Technology (“UST”) that processes oil-based solutions into water-soluble nanoemulsions that will allow the molecules inside the oil (e.g., CBD, Vitamins) to be more readily absorbed by human biology Development of th proprietary new instrument - the BaroShear K45-has been proceeding well since the Company received orders for all of its planned initial build of 12 units Pressure BioSciences reported achieving a critical…

MondayOct 12, 2020 4:20 am

420 with CNW – Mark Zuckerberg Makes Donation in Support of Oregon Drug Decriminalization Campaign

A foundation run by Facebook founder and CEO Mark Zuckerberg and his wife Priscilla Chan has made a donation in support of a ballot measure to decriminalize all drugs in Oregon. The Chan Zuckerberg Initiative Advocacy donated $500,000 in support of Measure 110, a ballot measure “designed to establish a more humane and effective approach to drugs.” On top of that, the measure would use a portion of existing legal marijuana tax revenue to pay for expanded substance misuse treatment services, establishing addiction recovery centers throughout the state. According to supporters of Measure 110, it is part of an effort…

FridayOct 09, 2020 4:20 pm

420 with CNW – Highest Court in Florida to Revisit Law Establishing Medical Cannabis Program

Although medical cannabis has been legalized in over 30 states for quite a while now, the industry still has plenty of growing pains. Aside from being denied access to banking services, players in the industry across the country have been at loggerheads with authorities over how licenses are awarded. In Florida, for instance, medical cannabis law requires that licensed companies must be able to handle all aspects of the business, including growing, processing, and distributing products. Referred to as ‘vertical integration,’ the system locks out a large number of cannabis businesses and limits the licenses only to companies that can…

FridayOct 09, 2020 10:52 am

Sugarmade, Inc. (SGMD) Leases Property with Plans for Licensed Cannabis Cultivation Operations

SGMD signs agreement to lease five acres of land in Northern California Company preparing required documentation to apply for approval for construction of greenhouses, processing building Sugarmade to market cannabis as both white-label and branded cannabis products; also likely be distributed through BudCars Cannabis Delivery Service Sugarmade (OTC: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, has signed an agreement to lease five acres of land in Northern California (https://cnw.fm/u51Zk). SGMD intends to use the property, which is zoned for cannabis cultivation, to establish and operate a licensed cannabis production business capable of producing as…

FridayOct 09, 2020 4:20 am

420 with CNW – Tilray, Inc. (NASDAQ: TLRY) Announces Positive Research Results for Cancer Sufferers

Medical cannabis is probably one of the most controversial topics at the moment. Critics of the medical marijuana movement have claimed that there is hardly any evidence of therapeutic benefit and that the hype has far outpaced the science. On the other hand, cannabis reform activists have argued that due to its diverse medicinal properties, medical cannabis can be a great alternative to pharmaceuticals. Quite recently, Tilray (NASDAQ: TLRY) announced that Australian researchers have found that medical cannabis has shown promise as a treatment for nausea and vomiting for cancer patients undergoing chemotherapy in a clinical trial. The trial’s preliminary…

ThursdayOct 08, 2020 4:20 pm

420 with CNW – Congress Again Includes Cannabis Banking Protections in Third Stimulus Bill

Players in the cannabis space are cautiously optimistic after the House of Representatives approved a wide-ranging coronavirus relief bill containing text from the Secure and Fair Enforcement (“SAFE”) Banking Act. For the longest time, players in the cannabis space have been unable to access banking services due to cannabis’ status as a Schedule I drug, forcing them to rely on cash-only transactions. Not only does this put them at risk of theft and burglary, but it also makes social distancing during the pandemic almost impossible. Passed by the House last year but held in limbo in Senate, the SAFE Banking…

ThursdayOct 08, 2020 4:20 am

420 with CNW – FBI Report Indicates That Marijuana Arrests Dropped Nationally

Started by the federal government decades ago, the war on drugs has resulted in the incarceration of millions of Americans. A large number of these arrests have been due to marijuana possession. Over the years, it has become clear that certain communities have been targeted and over-policed due to marijuana prohibition and for many cannabis reform advocates, legalizing cannabis wouldn’t just increase state tax revenue, but it would also help repair the harms done by the war on drugs. Although advocates hoped that marijuana arrests would reduce with the advent of legal cannabis programs, 2016, 2017, and 2018 each saw…

WednesdayOct 07, 2020 4:20 pm

420 with CNW – Tobacco Giant Quietly Establishes Foothold in Marijuana Tech

Back in 2018, Tobacco giant Altria invested $1.8 billion in Canadian cannabis company Cronos Group. The very public investment gave Altria a 45% stake in the Canadian firm with an option to increase its stake to 55% over the next five years. Since then, the company, which is the parent firm for cigarette brands like Malboro and Parliament, has been trying to increase its stake in the nascent marijuana industry behind the scenes by patenting cannabis technology. According to records from the United States Patent and Trademark Office, Altria filed two patents for vaporizer devices specifically designed for cannabis in…