March 2021 - Page 4 of 7 - CannabisNewsWire

FridayMar 19, 2021 4:25 am

420 with CNW — Legal Marijuana Deal Close as NY Lawmakers Discuss Impaired Driving

The legislature in New York State is close to finalizing an agreement on a draft law aimed at legalizing marijuana in the state, according to Andrea Stewart-Cousins, Majority Leader of the state senate. Stewart-Cousins revealed that a consensus, followed by a floor vote, was imminent once the lawmakers agree on the way safety and traffic stops will be handled when marijuana is legalized for recreational adult-use. The current disagreement has to do with how people driving under the influence should be treated. Some say impaired driving should be regarded as a normal traffic infraction while others insist it should be…

ThursdayMar 18, 2021 4:20 pm

420 with CNW — Vermont Legislators Introduce Bill to Decriminalize Drugs

Legislators in Vermont have introduced legislation that would put an end to criminal penalties on small amounts of illegal drugs. The bill, which was introduced last week, states that the dispensation and possession of small drug amounts would be subject to a referral to a substance-use health and screening service or a fine of up to $50 dollars. The legislation, dubbed H. 422, is sponsored by Reps. Logan Nicoll, Selene Colburn and 12 other legislators. Supporters state that the measure offers a public health approach to overdose deaths and drug use disorders. In an email to a news outlet, Nicoll…

ThursdayMar 18, 2021 10:50 am

Pac Roots Cannabis Corp.’s (CSE: PACR) (OTCQB: PACRF) Acquisition of Lords of Grasstown Provides Competitive Advantage in Rapidly Growing Cannabis Market

Global cannabis market projected to reach $90.4 billion by 2026 with a CAGR of 28% PACR recently acquired iconic Lords of Grasstown brand that blends cannabis and motorcycle culture PACR uses genetics-based approach to cultivation, catalog includes 350 tested cultivars and 50 super-elite strains Company recently acquired 250 acres in Fraser Valley B.C. in process of completing 20,000 square foot cultivation facility The global cannabis market is projected to reach $90.4 billion by 2026 with a CAGR of 28% over the forecast period (https://cnw.fm/YLooO), and branding is expected to play a critical role in success as more players enter the market. Pac…

ThursdayMar 18, 2021 4:20 am

420 with CNW — Could Cannabis Legalization in Mexico Force a Federal Policy Change in Washington?

Mexico may soon become the biggest legal cannabis market in the world after the country’s Chamber of Deputies approved a legislation last week that would legalize recreational sales of cannabis. The Senate is expected to support the legislation in the days to come. Mexico president Andrés Manuel López Obrador from the MORENA party strongly supports the bill. The president is expected to sign the legislation in the coming days. Many speculate that this move may pressure President Joe Biden to federally legalize the plant in the United States as well since the country will be sandwiched between the two largest…

WednesdayMar 17, 2021 4:20 pm

420 with CNW — US Firms Gear Up to Enter Legal Mexican Marijuana Market

The wave of cannabis reform sweeping across the world has finally reached Mexico, and some American cannabis operators are already seeing gold. Canada, several states in the United States and some European countries have already legalized cannabis in various forms, and for most legal cannabis markets, cannabis has proven to be an insanely lucrative product. Not only are stakeholders reaping big rewards, but local governments are also receiving millions of dollars in tax revenue from the industry. Last week, the Chamber of Deputies allowed the sale of cannabis products as well as the possession of small amounts of cannabis. Additionally,…

WednesdayMar 17, 2021 3:13 pm

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Takes Milestone Step Toward Offering Product Across Canada

PULL subsidiary has submitted application to Health Canada to amend license to permit sales of product The submission follows recent announcement that Pure Extracts inked distribution agreement with an important Canadian Licensed Producer (“LP”) PULL plans on distributing exclusive vape, edible products to retail buyers across Canada As a result of the its recently inked distribution agreement with an important Canadian LP, Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) through its wholly owned subsidiary, Pure Extracts Manufacturing Corp., will be selling its exclusive, high-quality cannabis extract products to provincially authorized distributors and retailers throughout Canada by the end of April.…

WednesdayMar 17, 2021 1:45 pm

Green Hygienics Holdings Inc. (GRYN) Continues to Strengthen Brand Portfolio through Acquisition of Primordia

GRYN closes acquisition of assets of leading hemp supply cultivation and company Primordia “We are at the forefront of a growing, dynamic new sector within the biotech industry,” says CEO Green Hygienics focused on building strong portfolio in industry expected to reach $15.26 billion by 2027 Green Hygienics Holdings (OTCQB: GRYN) has been working for months to reach an objective — a goal that the company accomplished with the recent announcement that it had closed on the acquisition of certain assets of Primordia (https://cnw.fm/pOKr5). This strategic move brings GRYN a significant step closer to its goal of building a portfolio of e-commerce…

WednesdayMar 17, 2021 4:20 am

420 with CNW — Mexico’s Chamber of Deputies Approves Marijuana Legalization Bill

Last week, the majority of the legislators in Mexico voted to legalize cannabis for recreational purposes, despite some of the legislators rejecting the legislation as they had health concerns. The Mexican Chamber of Deputies passed the bill with 23 abstentions, 129 votes of opposition and 316 votes in favor of the bill. This approval is a step forward by legislators to decriminalize cannabis, with senators having approved another version of the legislation in November last year. There were some changes that were made to the bill that senators voted on in this recent session. Earlier in January, health authorities in…

TuesdayMar 16, 2021 4:20 pm

420 with CNW — Colorado May Soon Make Sweeping Changes to Its Marijuana Legalization Laws

Despite being relatively young, the state-legal cannabis industry in the United States has made plenty of strides in just a couple of years. The industry is incredibly lucrative, earning millions in tax revenue at a time when state coffers are running dry, and creating thousands of employment opportunities. These days, the cannabis market has become flooded with high-potency products, with cannabis retailers in the U.S. selling $797 million worth of concentrates in 2020. According to some lawmakers in Colorado, this trend is worrying, especially for the nation’s children. Back in 2014, Colorado made only 14% of the medical and recreational…

TuesdayMar 16, 2021 10:03 am

#CanndoraConnect Brings Women in Cannabis and Psychedelics Together to Learn and Inspire

#CanndoraConnect: International Women’s Day on March 8th, 2021 offered attendees a unique experience, providing collaboration, networking, inspiration, and advice for women's success in the cannabis and emerging psychedelics industry worldwide. The event featured eleven industry professionals and sold out with over 100 registrants from around the world. The event featured notable panelists who shared their expertise on critical topics, including bringing products to market in Canada and the science behind plant medicine and its role in women's health. Speakers Featured: Susan Chapelle, COO, Purdenza Inc. Dr. Olga Chernoloz, Chief Scientific Officer, Wake Network Tijen Yalchin and Ashley Short, Co-Founders, Earth…

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Month: March 2021