October 2021 - Page 3 of 8 - CannabisNewsWire

ThursdayOct 21, 2021 4:20 pm

420 with CNW — New CBD Law in California Draws Industry-Wide Attention

Last week, the governor of California signed into law a reform that opens the state’s economy globally to manufacturers of hemp-derived CBD products. The bill the governor signed, dubbed AB45, creates a framework for the manufacture and sale of hemp-derived products in the state. The measure will allow hemp-derived CBD products to be sold to the state’s adult-use or medical cannabis retailers, with forecasts showing that those stores will hit sales of between $4.8 billion and $5.7 billion this year. Canopy Growth Corp.’s (TSX: WEED) (NASDAQ: CGC) head of lobbying, David Culver, states that officials had been working on this…

ThursdayOct 21, 2021 12:50 pm

Flora Growth Corp.’s (NASDAQ: FLGC) Leadership and Advisory Team Steering Company to Greater Heights

The growing cannabis industry is experiencing a rise in demand for experienced business executives to guide companies toward the top Flora Growth, which has achieved numerous milestones, is a testament to the importance of experienced leadership Established in 2019, Flora was the first all-outdoor cannabis cultivation company to list on NASDAQ and has the largest licensed cultivation footprint in Colombia The company also boasts the lowest production cost in the world of $0.06 per gram of dried flower Flora’s adherence to strict industry standards and prudent management of its finances positions it to become a global leader in the cannabis…

ThursdayOct 21, 2021 4:20 am

420 with CNW — A Primer on Marijuana Beverages and Reasons Why People Drink Them

Marijuana-infused beverages are the latest cannabis products to see a surge in popularity. With a growing number of states passing cannabis legislation and lawmakers considering federal decriminalization, cannabis is more accessible to the public than ever before. Within a few years of legalization, the sector has become extremely lucrative, generating billions of dollars in revenue partly due to marijuana’s purported medical benefits and the fact that the plant can be infused into a wide variety of products. For the past couple of years, cannabis concentrates and edibles have reigned supreme, with CBD gummies being one of the most searched-for food…

WednesdayOct 20, 2021 4:20 pm

420 with CNW — An Update on Drug Reform Measures to Be Voted on in November

Voters in different states across the country will have the chance to vote on various psychedelics and cannabis measures at the state and local level in November. Legislators and advocates have been working hard to get local psychedelics reform and marijuana decriminalization measures on their ballots before this cycle ends. Below is a list of some of the states whose measures will appear on next month’s ballot. Philadelphia, Pennsylvania The city council of Philadelphia recently placed a measure on the local ballot that urged the state to enact legalization of marijuana. The initiative states that citizens of Philadelphia call upon…

WednesdayOct 20, 2021 9:44 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Inches Closer to Revolutionizing the Nicotine Industry with its Alternative Nicotine Delivery

Lexaria’s recent animal study on its patented DehydraTECH(TM) technology on nicotine absorption yielded ground-breaking results This study builds on an earlier 2018 study that demonstrated effective delivery of nicotine to the central nervous system in a rodent study The study’s success will serve as the foundation for a human trial that will compare the DehydraTECH-nicotine pouch performance to leading brands Zacks Small Cap Research recently did a deep dive on Lexaria Bioscience (NASDAQ: LEXX) and its contribution to alternative nicotine delivery. Its evaluation acknowledged that the global tobacco market is currently valued at $818 billion, mainly sustained by over 1.1…

WednesdayOct 20, 2021 4:20 am

420 with CNW — Many Patients with Breast Cancer Use Marijuana Alongside Meds

Over the past couple of years, cannabis has grown increasingly popular as more states pass legislation to allow either medical marijuana or recreational cannabis. With advocates across the country advocating for state measures and lawmakers discussing federal decriminalization, cannabis has come a long way from the days of prohibition. As it has slowly shed its unfounded reputation as a destructive drug, cannabis has interestingly moved into the health and wellness space thanks to a diverse range of purported health benefits. By May 2018, more than 3.5 million registered medical marijuana patients existed across the country, with countless more using recreational…

TuesdayOct 19, 2021 4:20 pm

420 with CNW — Research Firm Plans to Study Use of Cannabis as Analgesic

CBD Science Group PLC plans to conduct large-scale trials to evaluate the use of cannabis in managing pain in cancer patients where conventional pain relief isn’t adequate. This will provide an alternative to opioids, which sometimes induce unwanted side effects or interfere with ongoing cancer treatments. Scientists at CBD plan to investigate the use of marijuana-based analgesics, with chief commercial officer Graeme McFarlane stating that the trials will measure the effectiveness and safety of these analgesics in addition to other variables. McFarlane explained that the company would use various tools including clinician reporting and self-reporting in patients in its evaluations.…

TuesdayOct 19, 2021 12:57 pm

Green Thumb Industries, Inc. (CSE: GTII) (OTCQX: GTBIF) Finds Expanding Base for Cannabis Retail with Community-centered Vision

Green Thumb Industries is a cannabis cultivator, processor, and dispensary operator, with a growing base of operations nationwide that is founded on a vision of forming deep connections to the communities the company’s dispensaries serve Green Thumb is headquartered in Chicago and recently announced its 65th store, which will be its third retail outlet in New Jersey The company now operates in 14 states with 14 cannabis cultivation and manufacturing facilities Green Thumb’s Q2 filing reported an 85.4 percent YOY increase in revenues and its sixth consecutive quarter of positive cash flow from operations Cannabis cultivator and retailer Green Thumb…

TuesdayOct 19, 2021 12:27 pm

Flora Growth Corp. (NASDAQ: FLGC) Making Leap From Medical-Grade Cannabis and CBD Food & Bev to Opening of Pharma Division & Running Global Clinical Trials

Cannabis flower and derivatives producer Flora Growth Corp. is an established brand builder with a seed-to-supply pipeline of cannabis CPG products from Colombia to North America to Europe and many other destinations around the world Flora Growth’s commitment to its premium and mindful consumer packaged goods brand and product portfolio is now being enhanced with the company’s announcement it has opened a pharmaceutical division Flora Pharma will concentrate on identifying opportunities for novel treatments in specific medical conditions, using a cost-effective process for establishing drug product safety and efficacy, honoring FDA and NHS regulatory standards Internationally focused cannabis cultivator and…

TuesdayOct 19, 2021 12:05 pm

Green Hygienics Holdings Inc. (GRYN) Among Hemp Cultivators Set to Benefit from California’s Assembly Bill 45

The 2018 U.S. Farm Bill removed “hemp” from the definition of cannabis but did not allow for inclusion of cannabidiol (“CBD”) in food or supplements Regulations will remain in terms of labeling and serving size, and they will be determined by CDPH (California Department of Public Health) Green Hygienics exclusively works with industrial hemp and stands to benefit from the signing of AB45 in California The Farm Bill of 2018 was a game-changer in the hemp industry. Signed into law in December 2018, the Farm Bill removed “hemp” (Cannabis sativa L) and its derivatives comprised of a low concentration (less…