July 2022 - CannabisNewsWire

FridayJul 29, 2022 4:20 pm

420 with CNW — Congressional Legislators to Hold Hearing Focused on Hemp

House Agriculture Subcommittee on Biotechnology, Horticulture and Research members are scheduled to meet this week to discuss expanding hemp regulations in the 2023 farm bill package. Hemp was federally legalized under the 2018 farm bill, which opened up a marijuana market that expanded rapidly. Stakeholders and advocates involved in the industry are now focused on ways to build upon the current hemp regulations through the next large-scale agriculture measure. Representative David Scott, the full committee’s chair, earlier stated that he felt that the farm bill’s next edition needed to extend beyond hemp and include provisions that dealt with cannabis-specific policies,…

FridayJul 29, 2022 4:20 am

420 with CNW — Another Leading Democratic Senator Signs onto Schumer’s Cannabis Bill

After several delays and much anticipation, Senate Majority Leader Chuck Schumer formally filed his long-awaited cannabis legalization bill alongside Senate Finance Committee chair, Senator Ron Wyden, and Senator Cory Booker. This bill will legalize cannabis at the federal level and contains social equity provisions that would attempt to address the harms caused by the war on drugs. Just a day after Schumer filed the Cannabis Administration and Opportunity Act (CAOA), the bill gained two cosponsors, one of them a leading Democratic Senator who praised the legislation but said there was still an urgent need to work on cannabis banking. With…

ThursdayJul 28, 2022 4:20 pm

420 with CNW — New Section on Marijuana Potency, Packaging, Labeling to Be Added to Federal Standards Handbook

During the National Conference on Weights and Measures’ annual meeting, a number of marijuana proposals were considered by members. One of these proposals would have developed a policy for the waster activity range for cannabis while a second would have established a uniform definition for marijuana and marijuana-containing products. However, both were rejected by the bicameral conference’s House of Delegates and House of Representatives, after failing to garner at least 27 votes in both chambers. However, one proposal was approved. That approval would require that a new section on marijuana packaging, labeling, measurement of potency and other issues related to…

ThursdayJul 28, 2022 4:20 am

420 with CNW — The Frequency, Implications of Cannabis Use by Millennials

Millions of Americans who grew up during the prohibition era were taught that cannabis is an inherently dangerous drug that encourages drug abuse and criminal activity. To them, cannabis was as dangerous as narcotics such as heroin or cocaine, perhaps even more dangerous because a large focus of the failed war on drugs was on cannabis. The millennial generation, however, generally holds a different view on cannabis compared to older generations. Nearly 20 states have now passed adult-use cannabis legislation, and in most of these regions, millennials played a significant role in enacting cannabis reform. Sometimes referred to as generation…

WednesdayJul 27, 2022 4:20 pm

420 with CNW — Researchers Find Marijuana May Be Effective Against Parkinson’s Disease

Researchers have uncovered definite proof that cannabis can be effective at alleviating the symptoms of Parkinson’s disease. The neurodegenerative disorder, which was first identified in 1872 by James Parkinson, affects nearly one million Americans. Figures show that at least 6,000 individuals are diagnosed with the disorder every year. The disease causes certain parts of the brain to degenerate, causing symptoms such as impaired coordination and balance, slow movements, muscle stiffness and tremors in the legs, hands, arms and jaws. More than a century after the disease was first identified, we still haven’t found an effective cure, relying instead on treatments…

WednesdayJul 27, 2022 4:20 am

420 with CNW — NY Governor Announces $5m in Grants to Help Community Colleges Train Marijuana Workers

Recently, Gov. Kathy Hochul of New York announced that the state had allocated $5 million to community colleges for the improvement and development of programs and courses meant to help individuals secure jobs in the cannabis industry. Hochul stated that this initiative would help meet the demand for a skilled workforce in the burgeoning industry as well assist the administration in meeting its goal to ensure that there was equity in market opportunities. The funding initiative will allocate $1 million each to a trio of community colleges in the State University of New York system and the remaining $2 million…

TuesdayJul 26, 2022 4:20 pm

420 with CNW — House Democrats Urge Senators to Approve Cannabis Banking Bill

Since the advent of America’s fledgling cannabis industry, licensed marijuana businesses have been unable to access banking services. Since federal law classifies cannabis as a Schedule I controlled substance, banking institutions avoid partnering with state-legal cannabis businesses. This has made such businesses prime targets for robberies and burglaries because they are forced to operate on a cash-only basis and tend to have thousands of dollars on site. House representatives have tried to pass cannabis banking regulations that would finally allow businesses in the state-legal cannabis industry to access much-needed banking services. However, these protections have failed to advance past the…

TuesdayJul 26, 2022 4:20 am

420 with CNW — President Biden Reaffirms Pledge to Fulfill Cannabis Campaign Promises

A few months after President Joseph Biden assumed office, his administration passed a major infrastructure bill that, among other things, provided billions of dollars for the development of a nationwide network of public electric vehicle chargers, fulfilling a promise he had made while on the campaign trail. However, the administration has been slow to pass the cannabis reforms President Biden had promised while campaigning, with Biden failing to make a definitive public statement about marijuana policy in the year and a half since he entered the Oval Office. After more than a year of silence on cannabis reforms, the president…

MondayJul 25, 2022 4:20 pm

420 with CNW — Malta, The Netherlands, Luxembourg and Germany Hold Joint Meeting on Cannabis Legalization

Officials from several European countries recently met to discuss the factors involved in legalizing adult-use cannabis amid a wave of cannabis reform across the region. The historic meeting is expected to be the first of several multilateral discussions and could be expanded to include other countries. The joint meeting involved representatives from The Netherlands, Malta, Germany and Luxembourg. Advocates have lauded the meeting, stating that it is critical to cannabis reform in Europe by allowing member states to coordinate their marijuana regulations and dealing with any pushback from the United Nations (UN). As it stands, the UN currently bans member…

MondayJul 25, 2022 12:00 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Receives Notice of Allowance of 26th Worldwide Patent

Lexaria, a global innovator in drug delivery technology, has developed the patented DehydraTECH(TM) technology which has been the subject of several issued patents Recently, Lexaria reported it had been notified of the allowance of its 26th worldwide patent with a new patent to be granted in Japan The patent is the fourth to be granted in Japan and the first patent issued from Lexaria’s seventh patent family Lexaria also submitted a briefing book to the FDA to facilitate its upcoming pre-Investigational New Drug (“IND”) meeting with the agency “We are extremely pleased to have received our first patent protecting our…

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Month: July 2022