January 2022 - Page 2 of 7 - CannabisNewsWire

ThursdayJan 27, 2022 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Gains Full Cannabis Licensing to Rise in Michigan’s Developing Recreational Use Market

Multi-state cannabis operator Red White & Bloom Brands is developing opportunities strategically in sizable cannabis markets such as Michigan, Florida, Illinois, California, Arizona, Oklahoma and Massachusetts The company recently announced it has secured full licensing for manufacturing both medical and adult use cannabis products in Michigan, one of its key markets Red White & Bloom has closed on a lease assignment for a 15,000-square-foot manufacturing, processing and distribution facility in the state In Florida, Red White & Bloom settled a CAD$5.1 million debt at a favorable conversion price, granting the company an accounting gain of approximately CAD$2.3 million As Michigan…

ThursdayJan 27, 2022 4:20 am

420 with CNW — Study Finds Banking Activity Grows Once a State Legalizes Cannabis

Cannabis businesses often find it difficult to get banks willing to take them on as clients because of the risks posed by the federal prohibition of marijuana. Now new research has found that once a state legalizes cannabis, banking activity increases. While the study doesn’t directly link increased banking activity and state-level cannabis reform, it does imply the existence of the relationship. The study was conducted by researchers from Drexel University, the University of Arizona, Scripps College and San Diego State University. For their study, the researchers looked into banking trends in states that have legalized marijuana, examining the Federal…

WednesdayJan 26, 2022 4:20 pm

420 with CNW — Thailand Reveals Plan to Legalize Recreational Cannabis

Cannabis reform is sweeping across the globe and undoing decades of prohibition. While the West has been the leader in cannabis legislation, the movement hasn’t been constrained to America, Canada and European nations. In Asia, Thailand entered the history books as the first southeast Asian country to legalize cannabis for medical use and in cosmetics and food. Three years after Thailand made history, the country is planning to legalize marijuana and do away with jail terms for people charged with marijuana possession. Thailand’s Food and Drug Administration is poised to propose the removal of the controversial plant from the country’s…

WednesdayJan 26, 2022 12:15 pm

InMed Pharmaceuticals Inc. (NASDAQ: INM) Leveraging on the Growing Cannabinoid-Based Pharmaceuticals Market

The global cannabinoid-based pharmaceuticals market is projected to be valued at $50 billion by 2029 InMed is leading the industry, laying down the foundation in manufacturing and clinical development of rare cannabinoids It is shedding light on the potential of rare cannabinoids and laying the groundwork on how to tap into the industry’s growth It is projected that by 2025, the global cannabis market will be valued at around $146 billion, up from just $20.47 billion in 2020. This sector is experiencing tremendous growth, particularly considering that there are over one hundred known cannabinoids, including rare ones that are quickly…

WednesdayJan 26, 2022 4:20 am

420 with CNW — A Look at the Link Between Marijuana and Inflammation

Inflammation personifies the saying “too much of a good thing is bad.” Despite being one of the body’s first responders in case of infection or physical injury, inflammation also presents a significant risk to health. Acute inflammation is the body’s initial response to either infection or injury, and it is a crucial component of the body’s defense system. Chronic inflammation, on the other hand, happens when the body keeps sending inflammatory cells when there’s no present danger. A wide variety of medical inflammations including Alzheimer’s disease, asthma, heart disease and cancer can be traced to chronic inflammation. This kind of…

TuesdayJan 25, 2022 4:20 pm

420 with CNW — Three Trends That Could Define the Cannabis Sector for Decades to Come

Recent years have seen acceleration in the movement to reform marijuana policies not only in the United States but around the world. With that momentum, a number of trends that appear to have staying power have taken shape. We look at some of those trends and what impact they could have on the industry going forward. Cannabis and health/wellness Gone are the days when marijuana was viewed as a substance intended for people who simply want to get high. Today, this plant has developed strong links with the health and wellness industries, a link that is likely to be a…

TuesdayJan 25, 2022 4:20 am

420 with CNW — Spanish Study Finds That Young Cannabis Users Enjoy Better Sexual Function, Orgasms

According to a Spanish study published in December 2021, young people who smoke cannabis and consume alcohol tend to enjoy an overall superior sexual function and orgasms when compared to their peers who don’t smoke cannabis or don’t drink alcohol. The research team was motivated to undertake this study because much of the existing scientific data on this subject tended to be contradictory, with some studies indicating that marijuana consumption improved sex life while others concluded that smoking marijuana had a detrimental effect on an individual’s sex life. The team based at Almeria University decided to design its own observational…

MondayJan 24, 2022 4:20 pm

420 with CNW — SAFE Banking Act Sponsor Vows to See Bill Passed Before He Retires

Operating in the legal cannabis space is no mean feat. Due to the plant’s federal status as a controlled substance, marijuana businesses have to deal with a lot of issues that players in other industries don’t even have to think of. For starters, most banks refuse to work with marijuana businesses in fear of federal reprisals, forcing the businesses to operate on a largely cash-only basis. This makes accounting and filing taxes extremely cumbersome and makes the business prime targets for criminals. For quite a while, industry stakeholders have argued for some kind of policy or regulation that would allow…

MondayJan 24, 2022 1:01 pm

Flora Growth Corp. (NASDAQ: FLGC) Kicks off 2022 with Successful First Cannabis Extraction at new Colombia Facility, the Appointment of Tim Leslie as Advisory Board Chairman, and 360 Financial Inc.’s FLGC stock purchase

Flora Growth just announced the production of its first batch of crude oil through its newly constructed facility in Colombia The company has also initiated the EU-GMP certification process that will allow it to target international medical cannabis markets Flora Growth also announced the appointment of Tim Leslie as Chairman of its newly established Advisory Board Mr. Leslie will play a key role in advising the company on how best to navigate the regulatory framework of building a truly global company 360 Financial, Inc. announced the purchase of 13,162 Flora Growth shares as of Q4 2021 Flora Growth (NASDAQ: FLGC)…

MondayJan 24, 2022 4:20 am

420 with CNW — State, Federal Officials Work Together on Draft Cannabis Standardization Proposals

America’s state-legal cannabis industry may be incredibly lucrative, but it is far from perfect. Barely more than a decade old, the sector is known for its patchwork laws and lack of standardization. For quite a while, industry stakeholders and reform activists have argued for the creation of standard rules and procedures. This would make interstate trade possible and allow the industry to really grow. Last week, local, state and federal officials met to discuss proposals that could end up in a federal handbook for cannabis regulation. Cannabis was on the agenda for two National Conference on Weights and Measures (“NCWM”)…

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Month: January 2022