June 2022 - CannabisNewsWire

ThursdayJun 30, 2022 4:20 pm

420 with CNW — House Panel Asks Military to Reconsider Cannabis Penalties for Soldiers

Federal law prohibits American servicemembers from consuming cannabis. A 2018 notice declares that although dozens of states have legalized cannabis for medical or recreational purposes, federal law restricts military members from using cannabis, CBD (cannabidiol), any cannabinoid derivatives and THC-infused products. The notice also states that the ingestion of hemp and hemp-seed derivatives was prohibited because they could contain trace amounts of THC. This is despite the fact that studies have shown cannabis can be efficient in alleviating conditions such as, depression, chronic pain, insomnia and post-traumatic stress disorder (PTSD), which are common among military veterans. A key House panel…

ThursdayJun 30, 2022 9:45 am

Flora Growth Corp. (NASDAQ: FLGC) Anticipates Continued Growth for Cannabis Operations Under New Colombian Administration

Flora Growth is a cannabis cultivator and distributor with a base of operations in Colombia’s fertile growing climate, capable of feeding the company’s expanding international supply chain Colombia has undergone a number of regulatory changes in recent years as it emerges from the shadows of years-long drug wars and embraces a growing global acceptance of cannabis products The South American country voted in a new presidential administration in June, and Flora Growth is applauding the president-elect’s continued openness to international cannabis trade Flora Growth announced significant revenue growth during its year-end financial reporting in May, and the company stated it…

ThursdayJun 30, 2022 4:20 am

420 with CNW — Congressional Leaders Seek to Give Indian Tribes Cannabis Protections

Several congressional leaders are looking to include language that would protect Native American tribes from being penalized by the federal government for legalizing cannabis within their territories in a variety of funding bills. In 2014, the federal government stated that tribes were allowed to grow and sell cannabis as long as they followed the same federal guidelines set for states that had legalized cannabis. The lawmakers now want it codified into law that the federal government cannot persecute Indian tribes that legalize cannabis within their territories. More specifically, the new cannabis provision would forbid federal funds appropriated to agencies within…

WednesdayJun 29, 2022 4:20 pm

420 with CNW — Vehicle Insurance Data Suggests Medical Cannabis Legalization Reduces Drunk Driving

A new study has revealed that contrary to what many prohibitionists feared, medical cannabis legalization in the country has not led to an uptick in rates of intoxicated driving. In fact, the research has found that states with medical marijuana programs have seen a reduction in drunk-driving rates, adding to the growing body of research showing that there is a link between cannabis reform and a reduced risk of drunk driving. Published in the latest issue of the journal “Health Economics,” the study analyzed auto insurance premium data from 2014 to 2019. Researchers discovered that premiums in states with legal…

WednesdayJun 29, 2022 11:15 am

New Agreements Signed Between Lexaria Bioscience Corp. (NASDAQ: LEXX) and BevNology LLC; Pre-IND Meeting Request Filed with FDA

The two companies signed a manufacturing operating agreement and a commercial agreement Lexaria sent a pre-IND meeting request letter to the US FDA and plans to file the full IND application in late 2022/early 2023 The FDA has acknowledged Lexaria's pre-IND request and responded with conditions prior to the target date of July 30, 2022 Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, has recently announced signing two agreements with BevNology LLC, the product and development arm of InterContinental Beverage Capital (“IBC”), operating its state-of-the-art lab and manufacturing facility just outside of Atlanta, Georgia. This announcement only…

WednesdayJun 29, 2022 4:20 am

420 with CNW — Congressmen Plead for Support for Medical Cannabis Bill for Veterans

A duo of bipartisan congressmen is seeking support for an upcoming bill that would increase military veterans' access to medical cannabis. Although studies have found that medical cannabis can be effective at helping veterans deal with chronic pain, insomnia, anxiety, depression and even post-traumatic stress disorder (PTSD), federal policy makes it extremely difficult for veterans to access legal cannabis. Democratic Rep. Earl Blumenauer and Republican Rep. Brian Mast are hoping to change this through their Veterans Equal Access Act. The bill would grant healthcare practitioners at the U.S. Department of Veterans’ Affairs (VA) permission to recommend medical cannabis to patients…

TuesdayJun 28, 2022 4:20 pm

420 with CNW — Do Cryptos, Blockchain Have Potential for Use in the Marijuana Industry?

You wouldn’t think marijuana has any connection to cryptocurrency and the complex blockchain technology that authenticates and records transactions. The former is a psychoactive plant that has been associated with racial injustices for decades and is now touted for its medical potential while the latter is an online decentralized currency that has taken the world by storm in recent years. However, a deeper look reveals ways in which the two emerging industries are compatible. Since federal law still considers cannabis to be a Schedule I drug, cannabis industry actors have a hard time accessing basic financial services. Most times, they…

TuesdayJun 28, 2022 1:30 pm

Zacks Report Highlights Flora Growth Corp. (NASDAQ: FLGC) Aspiring to Benefit from First Mover Advantage in Multiple Cannabis Market Categories

Flora’s 2021 acquisitions allowed it to expand its operations beyond North America and into Europe Acquisitions have also contributed to 450% YOY revenue growth for Q1 2022 Its management is confident that the foundation laid down so far will yield growth for 2022 and subsequent financial years Flora has also reiterated 2022 revenue guidance of $35 million to $45 million 2021 was an excellent year for Flora Growth (NASDAQ: FLGC). According to a recent research report from Zacks (https://cnw.fm/bWU0H), the company possesses a number of important qualities pointing to continued significant growth following a strong 2021. Flora Growth management even…

TuesdayJun 28, 2022 4:20 am

420 with CNW — Research Finds Weekly Use of Marijuana Doesn’t Compromise Physical Health

With dozens of states passing some form of cannabis legislation in the past decade, more people than ever are using marijuana for either medical or recreational purposes. According to recent research, regular cannabis use has a minimal effect on a user’s physical health. The study adds to the growing body of research on how marijuana affects pulmonary, cardiovascular and other biological functions. Since federal law has made it virtually impossible for researchers to study cannabis for the past few decades, most of the research on the effects of regular cannabis use is quite new. This recent study, whose findings were…

MondayJun 27, 2022 4:20 pm

420 with CNW — Marijuana Events Could Revive Atlantic City’s Glory

For decades, Atlantic City was a popular tourist destination for folks of all ages looking to enjoy the city’s diverse set of entertainment spots. Starting out as a resort town more than one hundred years ago, Atlantic City saw its fortunes change when Resorts International opened its casino doors in 1978. The city peaked in 2006 with a revenue of some $5.2 billion behind Las Vegas’ revenue of $10.6 billion. However, Atlantic City’s fortunes have been on a decline ever since. The Taj Mahal Casino, owned by former president Donald Trump, shut its doors in 2016, and the Revel Casino…

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Month: June 2022