June 2021 - Page 4 of 9 - CannabisNewsWire

TuesdayJun 22, 2021 4:20 am

420 with CNW — Canadian Firms Hope the US Eases Marijuana Restrictions

After decades of prohibition and intense policing, the American states are finally loosening restrictions against cannabis. So far, 36 states allow medical marijuana, 16 states have legalized recreational medical cannabis, and several more states are considering whether or not to pass cannabis legislation. The state-legal cannabis sector has been insanely profitable so far, earning billions of dollars in revenue and providing states with plenty of tax revenue, even amid the coronavirus pandemic, while other industries faltered. Consequently, cannabis firms from the Great White North have been eyeing the U.S. market, waiting for the government to pass federal decriminalization laws before…

MondayJun 21, 2021 4:20 pm

420 with CNW — California to Repair Drug War Ills Using Cannabis Taxes

Last week, the state of California revealed that it would be awarding roughly $29 million in grants funded by cannabis tax revenue to more than 50 not-for-profit organizations in an attempt to repair the harms of the drug war. The Governor’s Office of Business and Economic Development will be in charge of allocating the funds, which will be offered through the state’s Community Reinvestment Grants program. The notice released by the state states that the grants to be awarded will serve communities that have been disproportionately impacted by the war on drugs. It explains that the harsh state and federal…

MondayJun 21, 2021 11:29 am

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Focused on Building Leading U.S. Ecosystem

Recent agreements have been strategic steps taken by BEV to position itself in growing U.S. market Agreements involve key manufacturing, distribution, fulfillment partners TRACE products feature the company’s alkaline, plant-based mineral beverages and nutraceuticals Committed to creating a powerful ecosystem focused on developing and manufacturing alkaline, plant-based, and cannabinoid beverages and supplements, BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) has announced a number of agreements recently. Each agreement has been part of a strategic business plan as the company moves into the United States and strengthens its position as a leading resource of high-quality health and wellness beverages and…

MondayJun 21, 2021 4:20 am

420 with CNW — Legislation Introduced in Senate to Authorize CBD Interstate Trade

Last month, a bill that would make certain that CBD products derived from hemp fell under the domain of the FDA in the same way as other legalized products added to beverages, foods and dietary supplements, was introduced in the Senate. The legislation, dubbed the Hemp Access and Consumer Safety Act, was tabled by Oregon senators Ron Wyden and Jeff Merkley and Kentucky Sen. Rand Paul. Wyden stated that CBD products were legally being produced and used across the country. However, because the U.S. Food and Drug Administration hadn’t updated its regulations, producers and consumers remained in a gray zone.…

FridayJun 18, 2021 4:20 pm

420 with CNW — More American Adults Are Suffering from Chronic Pain, New Study Finds

Chronic pain is one of the most common medical issues Americans face, and it has become even more prevalent in the last decade. Although significant resources have been directed toward treating and finding ways to prevent serious illness, with the United States spending $194.2 billion on medical and health research and development in 2018, chronic pain hasn't received much attention. This is despite the fact that more than 20% of American adults are affected by chronic pain, with a new study finding that the rates of chronic pain have been steadily increasing across all adult demographics. Published in the journal…

FridayJun 18, 2021 1:53 pm

RYAH Group Inc. (CSE: RYAH) Completes First Shipment of SMART Inhalers to UK Clinical Trial

The first shipment of SMART inhalers, 10,000 cartridges and QR codes arrived in the UK for the clinic's pilot run Due to the large scale of the clinical trial, RYAH developed a custom software solution for the clinic In the UK the medical cannabis market is expected to reach $1.3 billion by 2024, and 1% of the population could be medical cannabis patients by 2028 RYAH Group (CSE: RYAH), a connected device and big data and technology company, has completed its initial shipment to a major international clinic conducting a study in the UK on the safety and efficacy of…

FridayJun 18, 2021 4:20 am

420 with CNW — Licensed Cannabis Sellers in Canada Put Squeeze on Black Market Operators

Although cannabis has been illegal in most territories until a decade or so ago, it has been the most-used drug across the globe for years. Demand for the controversial plant has always been high, and since consumers had no legal place to source cannabis, they turned to the black market. As such, the illicit cannabis market has become immense, grossing billions of dollars worldwide as the drug became more popular and demand skyrocketed. Even as several countries and states have passed cannabis legislation, the black market has been quite tenacious. Although there is a degree of risk with dealing with…

ThursdayJun 17, 2021 4:20 pm

420 with CNW — New Poll Finds Majority of Americans Support Drug Decriminalization

A recent poll conducted by the Drug Policy Alliance ("DPA") and the American Civil Liberties Union ("ACLU") has found that more than half of the voters in America are in favor of the drug war coming to an end and also support the decriminalization of the simple possession of substances which are presently illegal. The poll was conducted last month and interviewed 800 registered voters. Its results were released just before the 50th anniversary of the declaration of the drug war by former president Richard Nixon, which began a system of mass criminalization, which disproportionately targeted individuals of color. Of…

ThursdayJun 17, 2021 10:05 am

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) to Launch TRACE Alkaline and Mineralized Water in U.S. Via New Distribution Partner

Alkaline water is emerging segment in $217.7 billion global bottled water market BevCanna has partnered with leading U.S. inventory and fulfillment technology platform provider for the launch of TRACE alkaline and mineralized waters in the U.S. TRACE is already sold online and at over 3,000 retail locations in Canada, distribution points that will be further increased following separate agreement with top eastern Canada distributor While the COVID-19 pandemic was keeping people on lockdown, the logistics industry was thriving, as consumers became increasingly familiar with shopping from home. At the same time, the premium bottled water industry continues to gain traction…

ThursdayJun 17, 2021 9:00 am

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Commences Production of 1 Gram FSO Vape Cartridges for Canadian Retail Market

Pure Extracts working on innovative, larger capacity cartridge for vape products, destined for Canadian retail market Cartridges to be produced by global manufacturer, will be filled with selection of Pure Extracts’ 30+ proprietary cannabis FSO formulations Move towards larger cartridges follows careful assessment of underlying consumer trends by the Company, finding demand for higher capacity vape cartridges to be particularly strong within provincial markets Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on the cannabis, hemp, functional mushrooms and rapidly emerging psychedelic sector, announced that its wholly owned subsidiary, Pure Extracts Manufacturing Corp., has…

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Month: June 2021