April 2022 - CannabisNewsWire

FridayApr 29, 2022 4:20 pm

420 with CNW — New Report Projects Annual Tax Earnings of $375M If Ohio Legalizes Marijuana

According to research coming out of Ohio State University, Ohio stands to earn about $375 million tax revenue each year if the state legalizes recreational marijuana. This study, whose findings were published in time for the unofficial 4/20 marijuana holiday, relied on estimates of possible taxes to be levied if the legalization proposal is adopted as-is. The team of researchers looked at the estimated population growth rate and annual tax revenue from half a dozen states with adult-use cannabis markets. The states looked at included Nevada, Michigan, Illinois, Colorado, Washington and Oregon. The team also analyzed the proposed taxes included…

FridayApr 29, 2022 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Expands its Patent Portfolio With New Patent for Antiviral Drug Delivery with DehydraTECH

Lexaria just received another patent for DehydraTECH(TM): this time for the enhanced delivery of antiviral drugs This becomes the company’s 25th patent granted worldwide and the 10th granted in the U.S. It adds to the company’s growing patent portfolio, which also consists of ~50 pending patents worldwide Over the 2022 calendar year, the company seeks to also pursue regulatory and commercial advancement In 2016, Lexaria Bioscience (NASDAQ: LEXX) received its first United States patent grant and over the years, the company has been aggressive at broadening its patent suite, a move which it has attributed to refining the patent claims…

FridayApr 29, 2022 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Extends Michigan Expansion with Debut of Platinum Vape Live Resin; Announces Plans to Release Full-Year 2021 Results on May 2

Red White & Bloom and its wholly owned subsidiary RWB Michigan LLC recently announced the rollout of Platinum Vape(TM) Live Resin in Michigan The debut marks the company’s entry into the live resin in Michigan, which yield higher margins than the company’s existing distillate vape products RWB expects to release its full-year 2021 results on May 2, with the management hosting a conference call on May 3 Red White & Bloom Brands (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator on a mission to become the most recognizable cannabis company in the United States, is celebrating the fulfillment of its…

FridayApr 29, 2022 4:20 am

420 with CNW — Bipartisan State AGs Send Letter to Senate Leaders Demanding Cannabis Banking Law

A bipartisan pair of attorneys general from Ohio and Colorado recently penned a letter to the leaders of the U.S. Senate urging the chamber to quickly pass a bill protecting financial institutions that accept marijuana businesses as clients in states that have regulated marijuana markets. This letter from Ohio AG Dave Yost and Colorado AG Philip Weiser is the latest in a series of communications imploring legislators to expeditiously pass the SAFE Banking Act, which seems to be caught in a vicious cycle of being passed by the House of Representatives and then stalling in the Senate. The two attorneys…

ThursdayApr 28, 2022 4:20 pm

420 with CNW — How No-Till Cultivation Can Be Beneficial to Marijuana Growers

There is an emerging trend in which marijuana growers are switching to techniques that involve the use of living soil, such as the no-till method, to grow their crops. This method is increasing in popularity because of its beneficial effects on the environment, its ability to reduce grower costs and its positive effects on the quality of the marijuana harvested at the end of the grow cycle. In this system, the soil isn’t cultivated as is usually the case in conventional agriculture. Instead, mulch and cover crops are used to provide an enabling environment for the robust proliferation of microorganisms,…

ThursdayApr 28, 2022 4:20 am

420 with CNW — New Poll Says Most Americans Want Cannabis Federally Legalized

America has prohibited cannabis at the federal level for decades, prosecuting and sentencing people with cannabis-related convictions harshly. Even though dozens of states have now legalized cannabis and several lawmakers are working on federal legalization bills, it is unlikely that marijuana will be federally legalized any time soon. However, drug-reform activists and industry stakeholders will be glad to know that a significant percentage of the American population supports federal legalization. A recent poll by CBS News revealed that two-thirds of U.S. citizens would like cannabis to be legal at both the state and federal levels. Additionally, most people said that…

WednesdayApr 27, 2022 4:20 pm

420 with CNW — Top Democrat in Florida Sues Federal Government Over Gun Rights of Marijuana Users

Cannabis users in America often run afoul of federal law for consuming state-legal cannabis. Since federal law still classifies cannabis as a Schedule I controlled substance with no accepted medical applications and a high risk of abuse, federal institutions strictly prohibit it. The result is cannabis users being penalized for engaging in actions that are legal in their home states. This includes a federal rule that prohibits marijuana users from purchasing a gun. Gun buyers have to fill out a federal form that includes a question on whether or not they use cannabis. The form explicitly states that cannabis is…

WednesdayApr 27, 2022 9:30 am

O’Cannabiz Conference Expo & Awards to Boost Local Cannabis Trade and Networking

Explore the world of cannabis and navigate the immense networking opportunities offered at the O’Cannabiz Conference Expo & Awards from June 1-3, 2022. This event offers a phenomenal stage for traders, cultivators, marketers, regulators, researchers, and cannabis businesses in the region to get recognition on the global forum, amongst the stalwarts of the cannabis space. This year, the conference is being organized by O’Cannabiz Conference Expo & Awards as a physical event at the International Centre- Hall#5, Ontario, Canada, after being canceled last year due to COVID-19. The Conference and Expo will be held at the 50,000 sq. ft hall…

WednesdayApr 27, 2022 9:30 am

Lift&Co. Expo Toronto 2022 – Lift Cannabis Business Conference To Offer Important Learning and Networking Sessions

Become a part of Canada’s #1 Cannabis Conference and Trade Show for a full-day immersive learning experience about Cannabis business and trade at the Lift Cannabis Business Conference on May 12, 2022. The business conference is a part of the 4-day Lift&Co. Expo Toronto 2022 that is being held at the Metro Toronto Convention Centre. The Cannabis Business Conference will be attended by cannabis business leaders from across North America and around the world and will feature speaker sessions and presentations to impart the latest intelligence on myriad aspects of the cannabis industry. Connect with the experts, innovators, regulators, and…

WednesdayApr 27, 2022 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Launches Fourth Human Study for Reducing Hypertension, Reports Positive Outcome of Third Human Study’s Data

Global drug delivery innovator Lexaria Bioscience is researching the ability of its patented DehydraTECH(TM) technology to improve the performance of a number of prescription drugs Lexaria is a world leader in the investigation of a DehydraTECH-processed cannabidiol (“CBD”) to potentially treat high blood pressure (hypertension), and study outcomes thus far have rendered positive results on effectiveness and patient tolerance The company is building a scorecard of data to support its planned FDA application for formal, registered clinical testing under the Investigational New Drug (“IND”) process Lexaria recently completed all data analyses of its HYPER-H21-3 study examining DehydraTECH-CBD’s ability to reduce…

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Month: April 2022