420 with CNW – Walmart Canada Considers Selling Cannabis-Based Products

The Canadian branch of Walmart Inc. has revealed that it is thinking about including cannabis-based products on its shelves.

This announcement makes Walmart the first major retailer to express interest in participating in the cannabis industry. Other major companies from the U.S. to show interest in the Canadian cannabis industry were from the beverage and alcohol industry (Coca Cola and Constellation Brands).

Just how free are these companies when it comes to making decisions about getting involved in the cannabis industry? Market sentiment may be forcing their hand as was seen when Pepsi Cola shares dipped on the stock exchange when the company announced that it had no interest in venturing into the cannabis industry. Other mega brands, fearful of suffering a similar fate, may be sending out feelers to identify at what point they can get on the marijuana wave sweeping everything in its wake.

Marijuana or its derivatives has been linked to several medicinal functions, such as helping people deal with chronic pain. Cancer, pediatric epilepsy, PTSD and other conditions are all said to be improved by cannabis ingredients.

Diana Medeiros, the spokeswoman for Walmart confirmed that the company had conducted some preliminary research but they hadn’t made any decision yet to have CBD products in their stores.

The move by Walmart comes just days before the adult-use of marijuana becomes legal in Canada. Canada is the first country with a large economy to decriminalize recreational marijuana. The retail sales of marijuana in Canada are expected to reach C$10.4 billion by 2025.

Canada’s decision and process is likely to be copied in other developed nations since many are already watching the developments in Canada closely. Canada has started exporting medical cannabis products to different countries, and many developed nations will not want to be left out on the revenues that can accrue from this industry that is enjoying wide popularity across all sections of the population.

The interest shown by large corporations is giving the marijuana industry positive publicity, something that is likely to fuel the push for further legalization in jurisdictions where marijuana is still prohibited.

It is that same interest in revenue that is driving decriminalization in several U.S. states. For example, New Hampshire is already calculating the potential tax revenues from the cannabis industry ahead of legalization. Such forces are likely to play a major part in any decision made regarding the legalization of marijuana.

Whether Walmart sells CBD products or not, cannabis industry players like Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) and SinglePoint, Inc. (OTCQB: SING) welcome the buzz that their interest has created around the cannabis industry.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – Seattle Court Agrees to Vacate Marijuana Misdemeanor Convictions

All the seven judges of the Seattle Municipal Court have agreed to vacate all the convictions for marijuana possession dating back to 1996 when cannabis had not yet been decriminalized. The judges also made a decision to dismiss all cannabis possession charges against anyone who was being prosecuted within the jurisdiction.

This decision is the culmination of a process that started in February when Peter Holmes, the City Attorney, filed a motion calling on the court to take this historic action. He said that step was needed to right the wrongs committed against people of color, especially African Americans, who had been targeted during the drug war. Approximately 46% of all people prosecuted were African American.

The judges agreed with his motion and directed that the state should provide the last known addresses of the individuals affected by the court’s decision so that notices could be mailed to them about what has been agreed upon by the judges. About 542 individuals could benefit from the court’s ruling.

The people with marijuana criminal records now have 33 days within which to object to the court’s decision or file a request for an individualized finding.

Jenny Durkan, the Seattle mayor, welcomed the decision saying that the misdemeanor record had denied hundreds of people numerous opportunities ranging from jobs, education, housing and loans. Vacating the convictions would therefore give the affected people a chance to rebuild their lives even if the harm they suffered earlier could not be undone.

The period covered by the court’s decision was determined based on the years during which the Seattle Municipal Court had jurisdiction over marijuana misdemeanor cases. That jurisdictional authority started in 1996.

The decision to vacate those convictions hasn’t just dropped upon the city. Earlier in 2003, a decision was made by the voters to compel law enforcement agencies to take marijuana possession cases to the bottom of their priority list.

In 2010, another major step was taken by the City Attorney (Holmes) to halt the prosecution of people for cannabis possession.

It has taken months to figure out how to implement the decision to vacate the convictions because non-citizens would still be regarded as ex-cons by the immigration authorities since marijuana is still illegal at the federal level.

The court decided that any non-citizen who wanted a ruling that their previous marijuana conviction could no longer affect them in an immigration court could apply in that 33-day window mentioned in the court’s decision. Phivida Holdings Inc. (CSE: VIDA) (OTCQX: PHVAF) and SinglePoint, Inc. (OTCQB: SING) must be glad that the court gave ex-cons that clean slate since the measure can be an additional way to remove the stigma that has shrouded marijuana for so long.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW – Study Suggests CBD Could Treat Psychosis

Researchers from King’s College London have found that a cannabis extract, cannabidiol (CBD), can reset the brain so that the abnormal reactions characteristic of psychosis is reduced.

Their findings were published in the JAMA Psychiatry journal. The researchers were led by Sagnik Bhattacharyya, PhD., who works at King’s College London at the Institute of Psychiatry, Psychology and Neuroscience.

The team recruited 33 young people who hadn’t been diagnosed with psychosis but displayed the classic symptoms of that condition. Nineteen control subjects were also included in the study.

These study subjects were divided into three groups. One group had the control subjects while another group had 16 youths showing symptoms of psychosis. The third group had 17 psychotic youths.

The brain activity of all the study subjects was studied and recorded using functional Magnetic Resonance Imaging (MRI). Then, one group of the psychotic subjects was given a single dose of CBD while the other group received a placebo.

The three groups were then given a memory test designed to activate the same areas of the brain that fire abnormally in psychotic individuals. MRI scans were done as the study subjects completed the memory test.

The scan results revealed that the psychotic youth who were given CBD showed a reduced level of abnormal brain activity in the target brain regions. This reduction of abnormal activity brought the performance of those subjects to almost the same level as the level of the control subjects.

The researchers welcomed these results for several reasons. First, CBD seemed to be well tolerated by all the subjects who received it. This is unlike contemporary medicines, which aren’t tolerated by some patients.

Secondly, CBD showed promise as a substance that can be used to treat young people who are at risk of developing psychosis. Currently, there is no medication that can be used for such people, because what is available is too strong and causes several adverse reactions.

Interestingly, an earlier study at the same university established that CBD counteracts the effects of THC (tetrahydrocannabidol), the cannabis ingredient which can cause psychosis.

The King’s College London researchers now plan to conduct a larger clinical trial that will include several trial centers. This follow-up study will provide more concrete answers about the possibility and mechanism of treating psychosis with cannabis extracts.

Such studies that unearth the promising cannabis cures are encouraging to companies like ChineseInvestors.com (OTCQB: CIIX) and SinglePoint, Inc. (OTCQB: SING), which are involved in the young cannabis industry.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Roth Capital Conference on MoneyTV

Specialized holding company SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint CEO Greg Lambrecht discussed the company’s recent appearance at the Roth Capital Conference in Orange County, California. Lambrecht noted that the company experienced investor interest during the conference regarding its recently announced effort to create the cannabis industry’s first waste diversion program. “That’s really a first mover on our part, and of course, we’ve hired experts in that field to put together a program. A lot of the different investors at the show wanted to hear about that, especially because no one else has even thought of it,” SinglePoint CEO Greg Lambrecht stated in the interview.

To view the full interview, visit http://cnw.fm/KtCd8

To view the full press release, visit http://cnw.fm/ga3BY

About SinglePoint, Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com.

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – SinglePoint, Inc. (SING) Updates Shareholders with Third Episode of Video Series

Specialized holding company SinglePoint, Inc. (OTCQB: SING) today announced the release of its third video of the year recapping key events and providing insight into the company’s ongoing initiatives and recent milestones. The podcast features both CEO Greg Lambrecht and President Wil Ralston providing an in-depth look at SinglePoint’s recent news, including the company’s March 6 news release titled ‘SinglePoint Launches Cannabis Payment Solution and Provides Shareholder Update on Key Company Projects’. “We’ve soft launched the entire bitcoin payment solution through SingleSeed… we’re actually going to be processing transactions and people will be able to go to dispensaries and purchase their cannabis through the application. That’s big news,” Ralston stated in the interview. “Payments, since inception, has not been easy. It’s taken a lot of time and a lot of focus to figure out the different integrations that we would be able to do and get those things live and ready to launch in an environment that we feel is scalable and easy-to-use for the customer. We’re very excited for that, and hopefully we’ll bring some positive news again shortly.”

To view the full podcast, visit http://cnw.fm/AHs4Q

To view the full press release, visit http://cnw.fm/7GlWs

About SinglePoint, Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com

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About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – SinglePoint, Inc. (SING) Engages Circonomy Solutions to Develop Cannabis Waste Diversion Program

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced that it has engaged Circonomy Solutions to develop a waste diversion program for the cannabis industry with an emphasis on transitioning toward zero-waste. Together, the two companies intend to research, identify and address the intricacies, expenses and potential savings connected to cannabis industry waste. SinglePoint plans to provide further details and research regarding the program at the 30th Annual ROTH Conference in Dana Point, California, on March 13, 2018. “With every state implementing different rules on cannabis waste disposal, few, if any, provide useful resources. With the assistance of Circonomy, we feel very confident in the development of a simple, state-by-state scalable solution that we can take one step beyond the normal seed-to-sale and move to cradle-to-grave while tracking the entire process,” SinglePoint president Wil Ralston stated in the news release.

To view the full press release, visit http://cnw.fm/vl2GP

About SinglePoint, Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com.

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About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

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CannabisNewsBreaks – SinglePoint, Inc. (SING) Launches Cannabis Payment Solution; Provides Shareholder Update

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced the soft launch of its SingleSeed payments solution. SingleSeed payments targets the lack of viable payment options for the cannabis industry. SinglePoint also provided an update regarding the company’s activity as well as its pursuit of acquisitions in the emergent cannabis and blockchain markets. Among other highlights, management believes the company has an exceptional opportunity to enter the cryptocurrency space through cryptocurrency exchange and cryptocurrency wallet. The wallet will allow merchants and consumers to hold and utilize different currencies and is nearing completion. The full corporate update also includes an overview of each previously announced project and potential acquisition, as well as the advancement on its 2017 audit and current revenue run rate for 2018. “We are firing on all cylinders and pushing the boundaries to make SinglePoint a highly successfully, scalable company. I hope this breakdown of projects has provided the insight and confidence to our shareholders that we are heading in the right direction,” SinglePoint president Wil Ralston stated in the news release.

To view the full press release, visit http://cnw.fm/y5NNK

About SinglePoint, Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com.

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About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – SinglePoint, Inc. (SING) CEO Discusses Recent LOI to Acquire Stake in MTH Development Group on MoneyTV

Specialized holding company SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint CEO Greg Lambrecht discussed the company’s recent move to acquire a $1 million stake in California cannabis cultivation firm MTH Development Group. The move is the first of its kind for SinglePoint because MTH runs 4.7 acres of land zoned for cannabis cultivation. The acquisition also strengthens the company’s footprint in the booming Californian cannabis market. Additionally, SinglePoint is exploring the possibility to complete similar investments in other states.

To view the full interview, visit http://cnw.fm/31TnR

To view the full press release, visit http://cnw.fm/KDZz3

About SinglePoint, Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com.

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About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – SinglePoint, Inc. (SING) Enters LOI to Acquire Stake in MTH Development Group

Specialized holding company SinglePoint, Inc. (OTCQB: SING) this morning announced its entry into a Letter of Intent to acquire a $1 million stake in California cannabis cultivation firm MTH Development Group, further establishing its footprint in the Californian cannabis market. Per the update, this acquisition will be the first of its kind for SinglePoint, because MTH operates 4.7 acres of land zoned for cannabis cultivation. SinglePoint is currently in negotiations to complete similar investments in other states. “We are excited for this opportunity. Having been to the operation and seeing their proprietary cultivation procedures we feel this is a great investment for SinglePoint,” Wil Ralston, president of SinglePoint, stated in the news release. “Part of this investment is to also test our new technologies with their tenants to improve as well as validate our systems. Their feedback will help us build the right solution and navigate the California market regulations.”

To view the full press release, visit http://cnw.fm/tmK2K

About SinglePoint, Inc.

SinglePoint, Inc. (SING) has grown from a full-service mobile technology provider to a publicly traded holding company. Through diversification into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued subsidiaries, thereby providing a rich, diversified holding base. Through its subsidiary company SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit www.SinglePoint.com

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About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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SinglePoint, Inc. (SING) Details OTCQB Uplisting, New Board Appointment

  • Recent uplisting to the OTCQB Venture Market improves company profile
  • New board appointment of Mr. Venugopal Aravamudan, with over 25 years of experience in technology development with major companies
  • SinglePoint will leverage this experience to expand its reach into global markets

On February 14, 2018, SinglePoint, Inc. (OTCQB: SING) released an update for shareholders regarding its recent uplisting to the OTCQB Venture Market (http://cnw.fm/w8eUZ). With a market cap of just over $65 million, the company is currently busy completing its 2017 audit for the imminent reporting of its financial results. SinglePoint places great importance on becoming fully reporting so as to increase transparency and improve credibility with shareholders. This way, the company will increase its exposure to institutional investors and attract further direct investment through the open market.

SinglePoint’s uplisting to the OTCQB marketplace required the addition of another board member. As such, the company announced its addition of Mr. Venugopal Aravamudan to the board. Aravamudan has more than 25 years of experience in growing and leading technology developments for major companies, including…

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CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
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