NewsRoom Articles - CannabisNewsWire

TuesdayOct 22, 2019 4:20 am

420 with CNW – 3 Things That Could Characterize the Marijuana 2.0 Launch in Canada

October 17 marked the one-year commemoration of recreational marijuana legalization in Canada. After the legalization of marijuana in 2018, Canadian regulators were fast in developing regulations for marijuana leaf and oil products. However, it took them longer to establish rules for cannabis products such as edibles, cannabis-infused drinks, and concentrates used in vape pens. Implementation of the new regulations led to the opening of a new market, referred to as Cannabis 2.0. Below are the three things that could characterize the Cannabis 2.0 market on the day of their legalization. No New Product in the Market Despite the hype surrounding…

MondayOct 21, 2019 4:20 pm

420 with CNW – Four Northeastern Governors Meet to Plan Marijuana Legalization

On Thursday, governors representing Northeastern states met at a marijuana summit where they came up with a marijuana legalization plan which they plan to pursue in the year 2020. The summit was organized by the governor of New York, Andrew Cuomo, and Connecticut Governor, Ned Lamont. In attendance were New Jersey Governor, Phil Murphy, and Pennsylvania Governor, Tom Wolf as well as representatives from Colorado, Massachusetts, and Rhode Island. In his opening statements, Cuomo said that forming a legalization plan is essential. He also said that coming up with a marijuana legalization plan is challenging, complicated, controversial, and consequential, which…

MondayOct 21, 2019 1:11 pm

Cannabis World Congress & Business Exposition in Boston Designed to Connect, Build and Inform

Cannabis World Congress & Business Exposition (CWCBExpo) is a trade show for the legalized cannabis industry featuring industry leaders from the media, financial and corporate markets. The event is designed to foster relationships among growers, suppliers, traders, dispensary owners, medical traders, government regulators, counselors and other entrepreneurs and businesses associated with the burgeoning cannabis industry. CWCBExpo in Boston will feature a vast profile of attendees from various industry verticals looking for new and greater opportunities in the cannabis sector, positioning it as a must-attend event for those looking to successfully navigate the waves of this dynamic industry. The trade event…

MondayOct 21, 2019 4:20 am

420 with CNW – New Mexico Marijuana Working Group Releases Proposals

On Wednesday, a working group that was appointed by New Mexico governor released its recommendations for a legal cannabis market. The group was formed in June this year by Governor Michelle Lujan Grisham (D), who was interested in the development of a legalization plan by the panel of experts before the January 2020 legislative session which lasts for 30 days only. New Mexico State could be next in legalizing marijuana in the United States. The report from the group provides recommendations such as marijuana packaging requirements, promotion of social equity, and allocation of tax revenue derived from marijuana sales. In…

FridayOct 18, 2019 4:20 pm

420 with CNW – How Custom Packaging Can Give Marijuana Brands an Edge

Marijuana is a booming business, and no one can dispute that fact. In 2014 Colorado legalized recreational marijuana, and that same year 147 dispensaries were launched in the state. The number of dispensaries has continued to grow, and by 2018 there were 509 dispensaries. Since then, six other states have implemented recreational marijuana programs. The marijuana industry is growing at a rate that has never been experienced before, and cannabis brands are faced with differentiation challenges since every year, hundreds of marijuana brands are launched. Joining the marijuana business are high profile celebrities such as the former boxer Mike Tyson…

FridayOct 18, 2019 1:22 pm

CannabisNewsWire Recaps Golden Gate City’s Best-Yet New West Summit

Excitement filled the San Francisco air last week – and it wasn’t just because the Blue Angels were in town. Under the dome on the fourth level of the BeSpoke event center, attendees of the New West Summit 2019 – the cannabis tech conference – spent October 10-11 focused on the innovation, inspiration and new ideas that are filling the explosive cannabis industry. For the fifth year in a row, hundreds of enthusiasts and participants from the cannabis technology, science, media and investment spaces came together at New West Summit to listen, learn and be inspired from more than 150…

FridayOct 18, 2019 1:11 pm

Cannabis Consumer & Business Expo’s Exhibitor Opportunities Unmatched in the World of Cannabis Events

Savvy business owners know it; the only way to grow an organization is to spread the news about the services it offers. In the cannabis world, one of the best ways to do exactly that is at Cannabis Consumer & Business Expo (CC&BE), slated for November 22-24 at the Queen Elizabeth Building in Toronto, Ontario. CC&BE brings together like-minded industry professionals working in all aspects of the cannabis industry. Exhibitors recognize that the opportunity to share what they do with licensed producers, growers, investors, suppliers, health care providers, finance reps and more is one of the most valuable ways they…

FridayOct 18, 2019 12:36 pm

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Projects Up to $180M in Net Revenues for FY2020

In a YouTube interview, Supreme Cannabis CEO Navdeep Dhaliwal stated that investors should focus on the company’s strong balance sheet Supreme Cannabis reported $41.8 million in sales for FY2019, as compared to $8.9 million in FY2018, marking a 370 percent year-over-year jump; the company also reported its first positive adjusted EBITDA Dhaliwal further noted that the performance of subsidiary 7ACRES is key to the company’s growth The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a global diversified portfolio of cannabis companies, projects that its fiscal 2020 net revenues will increase to an estimated $150 million to $180…

FridayOct 18, 2019 11:56 am

IONIC Brands Corp. (CSE: IONC) (OTC: IONKF) (FRA: IB3) Developing Edibles and Infused Beverages Amid Growth in Recreational Use Industry

IONIC Brands is a manufacturer of premium cannabis products with a diverse portfolio The company recently acquired Zoots Premium Cannabis and its variety of drops, gummies, energy shots, and hard candies, sold in Illinois, Washington, Colorado, and Massachusetts IONIC is also preparing to build on its patents for brewing cannabis-infused coffee, tea, and cocoa The edibles market was valued at approximately $2.4 billion in 2018 with expected revenues of about $11.6 billion by 2025 Recreational adult-use cannabis continues to make headlines amid growing legalization throughout North America, providing opportunities for national cannabis holdings company IONIC Brands Corp. (CSE: IONC) (OTC:…

FridayOct 18, 2019 4:20 am

420 with CNW – California Marijuana Industry Workers Move to Unionize

California has made it easy for weed workers to join labor unions after Governor Gavin Newsom on Friday signed into law a bill that requires all cannabis stores that have 20 employees or more to enter into labor peace agreements. California is the second state (after New York) to issue a requirement for licensed weed shops to enter into a peace deal with the labor union whereby they promise not to stop their employees from joining a union. This agreement will discourage workers from organizing labor strikes against the company. In recent years, there has been an increased number of…