February 2022 - CannabisNewsWire

MondayFeb 28, 2022 4:20 pm

420 with CNW — California Growers Welcome Turnaround in Marijuana Pricing

Following the rise in the prices of bulk cannabis flower, growers in California now have a chance to celebrate the rebound as sales continue to grow. The drop in prices started more than a year ago with November recording the lowest number of sales. According to industry officials, the slump in prices could be attributed to high taxes, a flourishing underground market and a small number of brick-and-mortar retail outlets for cannabis products among others. These problems cut across the industry affecting small-sized businesses as well as large-scale brands. Several operators, however, have reported a turnaround with sales in January. According…

MondayFeb 28, 2022 9:45 am

American Cannabis Partners M&A Strategy Key Component of Growth Plan

Report notes that global mergers and acquisition will continue into new year ACP performs months of due diligence before acquiring any properties Company exploring land acquisition, project development strategies for expanding operations to two more states this year Mergers and acquisitions (M&A) appear to be a key component for companies looking to grow, with a recent 2022 Global M&A Trends Report indicating that M&A will continue in the new year (https://cnw.fm/yiAZr). Contending for first place in the U.S. cannabis industry, American Cannabis Partners (“ACP”) relies on proven strategies such as mergers and acquisitions to strengthen its position in a competitive…

MondayFeb 28, 2022 9:15 am

As It Targets Multiple Large Market Opportunities, Lexaria Bioscience Corp. (NASDAQ: LEXX) Is Leveraging Elaborate Studies to Progressively Remove Risks Associated with Commercialization, Regulation

Leveraging the versatility and benefits of its DehydraTECH(TM) technology, Lexaria is targeting multiple large market opportunities as it attempts to ensure it has multiple paths to success The technology aims to help companies offering oral drugs, supplements, and nicotine formulations to improve the effectiveness of their existing or planned products Lexaria has undertaken various studies whose findings show the benefits of DehydraTECH-processed products relative to controls The company intends to use the positive results from its studies to incrementally remove risks associated with commercialization and regulation Lexaria Bioscience (NASDAQ: LEXX), a global drug delivery technology company transforming existing consumer products…

MondayFeb 28, 2022 4:20 am

420 with CNW — USDA Survey Reveals Hemp Market Reached $824M Valuation in 2021

This week, the U.S. Department of Agriculture (“USDA”) revealed that the value of the hemp market in 2021 reached $824 million. The survey is the first federal study into the hemp sector, and the analysis is meant to be used as a benchmark for the sector’s economic impact. According to Hubert Hamer, an administrator for USDA National Agricultural Statistics Service (“NASS”), the report would provide producers, state governments, regulators, processors and other key players with benchmarks on hemp production. The Hemp Acreage and Production Survey was undertaken in collaboration with the University of Kentucky and the National Association of State…

FridayFeb 25, 2022 4:20 pm

420 with CNW — Wells Fargo Blames Shortage of Truck Drivers on Federal Cannabis Prohibition, Drug Testing

During a recent conference call, Wells Fargo Securities head of equity strategy Chris Harvey stated that federal cannabis criminalization plus the resulting mandates for drug testing have caused the worker shortages and increasing costs being observed in the transportation sector. He addressed this issue during the call, highlighting the challenges linked to marijuana testing within the trucking sector. Harvey explained that trucker costs, transportation costs and logistics were all increasing, noting this trend would persist for a while as drug testing was implemented in different states. Federal transportation regulations state that safety-sensitive roles require drug-testing policies. However, while opponents of…

FridayFeb 25, 2022 9:30 am

Flora Growth Corp. (NASDAQ: FLGC) Reaches Agreement with Israeli Product Distributor Artos Ltd. for Cannabis Sales

Flora Growth is a cannabis cultivator and distributor with a large cultivation site in central Colombia’s favorable growing climate Flora Growth recently announced an agreement with Israeli product distribution company Artos Ltd. to sell Flora’s high-THC cannabis flower to Israelis Colombia legalized the international export of cannabis flower last year for use in health and wellness industries Israelis comprise a large base of medical marijuana users and cannabis-based business enterprises Colombia and Israel began strengthening ties last year for promoting entrepreneurial innovation, and the agreement between Flora Growth and Artos builds on those state efforts Cannabis cultivator and brand builder…

FridayFeb 25, 2022 4:20 am

420 with CNW — New Study Reveals Benefits of Hemp Extract on Sleep Quality, Stress Management

A study using Charlotte’s Web Original Formula shows the positive effect of hemp extract products on managing stress and improving sleep quality. Charlotte's Web is well known for producing CBD oils, tinctures, capsules gummies, capsules and pet products made with hemp extracts. The company was part of the Radicle ACES (Advancing CBD Education and Science) study organized by Radicle Science, a health company that validates health and wellness products. The study relied on data from U.S.-based participants who used Charlotte’s Web Original Formula. The participants would use the product for four weeks and would be tracked for key health outcomes…

ThursdayFeb 24, 2022 4:20 pm

420 with CNW — Studies Find That Cannabis May Help with COVID-19 Recovery

New research has shown how cannabinoids may be helpful in post-COVID recovery. Surviving the deadly coronavirus is not easy. In most cases, the virus damages the body in ways that can be felt even after an individual tests negative. The most common symptoms of the coronavirus include shortness of breath, colds, fever and a dry cough. The severity and duration of symptoms is different for every individual; some will experience the symptoms for a much longer period. Other symptoms include difficulty breathing, fatigue, stomach pains, chest pains, muscle pain, brain fog, heart palpitations and headaches. The primary compounds found in…

ThursdayFeb 24, 2022 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Strengthening Expansion with Licensing and Vertical Integration Strategy

Cannabis and hemp multi-state operator Red White & Bloom Brands has established itself in fast-growing plant derivative markets from Michigan to Florida and California Michigan’s new legal adult-use market is proving fertile ground for development, and the company has leased manufacturing facilities and obtained full licensing in the state Thanks to the Michigan developments, Red White & Bloom is also expanding distribution of its Platinum Vape gummies and chocolates beyond California, where they have been popular The company’s brands are expected to expand in Michigan from distribution to 250-plus dispensaries to more than 400 dispensaries Cannabis and CBD product brand…

ThursdayFeb 24, 2022 4:20 am

420 with CNW — WADA Announces Intention to Review Stance on Marijuana Ban

The World Anti-Doping Agency (“WADA”) will reassess its stance on whether marijuana should remain on the prohibited list. This comes after the incident where American runner Sha'Carri Richardson was forced to pull out of the Tokyo Olympic Games. During the U.S. Olympic Trials, Richardson’s 100 meters win was cut short after it was revealed that she had tested positive for cannabis. This led to her disqualification; she was also banned from competing for 30 days. Whether cannabis has a positive effect on an athlete is being challenged by the German Institute for Biochemistry. According to the institute, cannabis does not…