November 2020 - Page 5 of 6 - CannabisNewsWire

MondayNov 09, 2020 4:20 am

420 with CNW — State Reveals Stores Have Sold Marijuana Products Valued at Half a Billion Dollars

For the sixth consecutive month, Illinois has crushed yet another cannabis sales record, having reached a $500-million-worth benchmark of legal marijuana products that have been bought since the program was launched at the start of this year. Illinois has shown that its marijuana market is not only pandemic proof but also recession proof. Last month, adults bought 1,557,880 cannabis products worth $75,278,200 cumulatively. That’s almost $8 million more than sales in September and about twice the sales recorded in January. These figures do not include purchases made through the state’s medical marijuana program. Based on this, to say the strides…

FridayNov 06, 2020 4:20 pm

420 with CNW — 5 Mistakes You Should Avoid While Making Cannabis Gummies

Although quite young, the market for cannabinoid-infused products is swiftly growing. Consumers have especially taken a liking to gummies infused with cannabidiol (“CBD”) and THC, the most prominent cannabinoids. According to Google, CBD gummies were the third most searched food by Americans in 2018. All in all, the global market for CBD gummies is expected to register a compound annual growth rate of 31.9% by 2025. However, creating cannabinoid-infused gummies that consistently sell is no easy task, and one single mistake could leave you with a batch of gummies no one wants to buy. So, as you work to develop…

FridayNov 06, 2020 4:20 am

420 with CNW — Maine Medical Cannabis Dispensary Chain Applies to Join Residency Court Case

Last week, Wellness Connection filed a motion to protest a lawsuit against the state of Maine, which was launched by two small marijuana businesses over recreational marijuana licenses that were awarded to out-of-state firms. Wellness Connection, which is controlled by Delaware-based investor High Street Capital Partners, manages four medical marijuana dispensaries in Maine. The recreational marijuana market in Maine is relatively new, having launched on October 9 of this year. Despite its youth, the market is expected to soon eclipse the medical cannabis market size, with total sales projected to be $76 million this year; adult-use cannabis sales making up…

ThursdayNov 05, 2020 4:20 pm

420 with CNW — Montana Launches Digital Marketplace to Link Hemp Buyers, Sellers

Farmers in Montana have taken a great liking to industrial hemp, a variety of cannabis that doesn’t have any psychoactive effects. The state legalized its cultivation back in 2014 under a federal program, with the first legal crop being planted in 2017. Licensed Montana farmers grew more acreage of hemp than any other U.S. state in 2018, and although other states have since surpassed Montana’s hemp output, the state is still an industry leader. Now, thanks to a new online Hemp Marketplace, Montana hemp farmers will be able to market their products to a wider market of sellers. Announced by…

ThursdayNov 05, 2020 9:37 am

Pac Roots Cannabis Corp (CSE: PACR) Stands to Benefit from U.S. Potential for Cannabis Decriminalization

Upcoming U.S. elections has potential to radically alter state of U.S. cannabis industry Democratic Vice-Presidential candidate Kamala Harris stated that potential Biden administration would seek to decriminalize use of cannabis Five states will vote on legalizing recreational or medical use of marijuana this November Canadian cannabis producers have benefited from experiences gleaned from operating over last two years under Canada’s existing legal framework for cannabis industry Pac Roots Cannabis has taken number of steps to ensure end product quality, helping boost company’s competitiveness if U.S. cannabis industry decriminalization comes to fruition For Pac Roots Cannabis (CSE: PACR) and the rest…

ThursdayNov 05, 2020 4:25 am

420 with CNW — Want to Pass a Drug Test? Here’s a Few Marijuana-Detox Tips

Despite the growth in the social acceptance of marijuana and its legalization in several U.S. states, use of the plant remains illegal in some states as well as at the federal level. This is why drug tests are still a common occurrence in many situations. To help you understand how drug tests work and how to reduce your chances of testing positive on one, here are a few tips. First, you should know that marijuana is filled with CBD and THC, which are cannabinoids that produce various effects that range from sleep-promoting to psychoactive. There are various types of drug…

WednesdayNov 04, 2020 4:20 pm

420 with CNW — Canadian Researchers to Receive $4 Million to Develop Better Marijuana Breeds

Although the nascent cannabis industry is among the fastest-growing sectors in the world, it is plagued by challenges. For instance, because cultivating, researching and selling cannabis was prohibited for decades, cultivars have limited genetic knowledge and breeding resources. This puts the industry at a severe disadvantage against other crops that have undergone genetic research and experimentation to create superior genetics. However, thanks to $4.2 million in federal, provincial and industry funding, this may soon be a thing of the past. Awarded to researchers at the University of British Columbia (“UBC”), the grant will be used to study enhanced cannabis cultivars…

WednesdayNov 04, 2020 2:47 pm

Sugarmade Inc. (SGMD) Issues Letter to Shareholders on Upcoming Expansion Steps

SGMD shareholder letter outlines building blocks of strategic vision Chan talks about two themes: geographic expansion for BudCars and Sugarmade’s move to cultivation operations BudCars is expanding into North San Francisco Bay area and wine country counties, then Los Angeles In a letter to shareholders thanking them for their support, Sugarmade (OTCQB: SGMD) CEO Jimmy Chan outlined the “building blocks of a coherent and cohesive strategic vision” and noted that the company is putting in motion “key next steps to manifest that vision and drive strong and sustained shareholder value as a key emerging leader in the California cannabis marketplace”(https://cnw.fm/C3Q5i). …

WednesdayNov 04, 2020 4:20 am

420 with CNW — How to Select, Buy Marijuana Edibles Like an Expert

If you have no experience with edibles, you can be easily overwhelmed if you have to purchase some. In the United States, all types of dosages and types of edibles are available, and a bad purchase may lead to bad highs. Despite this, some marijuana users enjoy edibles so much that they choose edibles over all other cannabis consumption methods. Some people assert that edibles are healthier than smoking and vaping with regard to the lungs, plus they produce stronger results. Edibles may also induce a stronger response in the mind or body as well as potentially provide more pain…

TuesdayNov 03, 2020 4:20 pm

420 with CNW — How to Maximize Cannabis Business ROI

After decades of prohibition, cannabis is finally legal in at least 30 U.S states. Although cannabis’s legal landscape still needs plenty of work, the industry has proven to be insanely profitable, with states bringing in millions from cannabis tax revenue. Even as the coronavirus pandemic rages on, slowing down commerce and causing catastrophic damage to the economy, the cannabis sector has set monthly sales records. Experts project the cannabis sector, which is currently one of the fastest-growing industries in the country, will achieve revenues of more than $30 billion by 2024. However, that doesn’t mean every business that joins the…