September 2022 - CannabisNewsWire

FridaySep 30, 2022 4:20 pm

420 with CNW — Marijuana-Friendly Vacation Rentals on the Uptick as Legalization Spreads

Although the days of cannabis prohibition are far from gone, access to the plant has increased dramatically in the past couple of years. With 19 states allowing recreational cannabis use and more than 30 allowing residents to use cannabis for medical purposes, millions of people now consume cannabis. Data shows that around 48 million Americans have used cannabis at least once, and more than 3 million consider themselves recreational users. As more states have adopted pro-cannabis policies, there has been an influx of marijuana-friendly vacation rentals, especially in states that allow recreational cannabis. All of the states that allow recreational…

FridaySep 30, 2022 10:30 am

Flora Growth Corp. (NASDAQ: FLGC) Strategic Acquisitions, Expanding Cannabis Exports Give Significant Boost to Company’s Revenue Streams

Flora Growth is a global cannabis cultivator, product builder, and supplier, experiencing continued growth thanks to strategic acquisitions and an expanding supply chain for marketing its brands in various countries Flora announced its most recent acquisition in September — a deal to acquire the assets of the No Cap Hemp Co. brand in exchange for payment of 10 percent of the No Cap brand revenues up to a maximum of $2 million The deal grants Flora an immediate revenue stream free of closing cost considerations Flora has seen revenues skyrocket over the past year, with a 604 percent YOY increase…

FridaySep 30, 2022 9:45 am

Sugarmade Inc. (SGMD) Makes Strategic Advancements in Plan to Grow Presence in California Cannabis Space

SGMD inks MSA with California cannabis micro license holder Agreement “lays a foundation for a significantly expanded manufacturing and distribution infrastructure,” says CEO Key partnerships are essential pieces of Sugarmade’s focus on California cannabis space With the recent signing of a management services agreement (“MSA”) (https://cnw.fm/7zHND), Sugarmade (OTC: SGMD) is making key progress toward the goal of strengthening its position in the California cannabis space. SGMD signed the MSA through its subsidiary, SugarRush, which entered into the agreement with Canndis Inc., a California cannabis micro license holder. Canndis holds a license that covers delivery, manufacturing, distribution and cultivation rights, and…

FridaySep 30, 2022 3:25 am

420 with CNW — World Anti-Doping Agency Announces That Cannabis Will Remain on Banned Substances List

Last week, the World Anti-Doping Agency announced that cannabis would remain on its list of banned substances for international athletes. This comes after a scientific review conducted by the agency and a subsequent discussion found that the use of marijuana violated the spirit of sport. Whether a particular drug should be banned is dependent on whether the substance meets at least two out of the three criteria the organization uses in its evaluation. One of those is criteria is violating the spirit of sport. The agency also considers whether a substance represents a health risk to the athlete and whether…

ThursdaySep 29, 2022 4:20 pm

420 with CNW — NIDA Seeks Contractor to Grow, Analyze 4,000 kg of Marijuana

For decades, researchers who were able to secure cannabis research permits were required by federal law to source cannabis flower from a farm at the University of Mississippi. Researchers have long complained that the cannabis produced at the university was subpar and impacted research into the plant’s potential benefits and risks. In 2019, a study by University of Northern Colorado researchers revealed that the cannabis grown at the University of Mississippi was genetically closer to hemp than the cannabis sold in commercial dispensaries. Consequently, researchers, reform activists and stakeholders have been pressuring regulators to allow the use of commercial cannabis…

ThursdaySep 29, 2022 11:30 am

NECANN The High Lifestyle Show Comes to Massachusetts

Date: October 7-9, 2022 The first of its kind Cannabis event ‘The High Lifestyle Show’ is finally being held in Massachusetts, on October 7-9, 2022 at the Regency Hotel (Boxborough, MA). The event is organized by NECANN, the leading cannabis event organizer on the East Coast. Being held in a sprawling plush resort hotel, the event will witness a huge gathering of brands, dispensaries, distributors, growers, performers, and consumers, along with exhibitors, vendors, experts, and celebrities, all interacting in a positive socializing and networking environment. While other Canna events revolve around cannabis manufacturing and medication, this NECANN event is a…

ThursdaySep 29, 2022 10:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Addressing Hypertensive Patients’ Concerns with DehydraTECH-CBD

Lexaria is a global innovator in drug delivery platforms whose lead technology is DehydraTECH(TM) Studies have shown that DehydraTECH increases the intestinal bioabsorption of bioactive compounds by as much as 27 times, hence resulting in greater bioavailability; pre-clinical and human studies have demonstrated that DehydraTECH-CBD enables absorption increases of between 100% and 500% The studies have also shown that DehydraTECH-CBD results in a rapid and sustained drop in blood pressure among hypertension patients Lexaria, which believes there is a significant unmet demand for cost-effective hypertensive treatments with few or no side effects, is working toward commercializing DehydraTECH-CBD to satisfy this…

ThursdaySep 29, 2022 4:20 am

420 with CNW — New York OKs Medical Marijuana Home Cultivation, Licenses Processors

The New York Cannabis Control Board recently approved regulations that would expand the state’s medical cannabis industry and increase patient access to medical marijuana. Recently the board adopted regulations for medical cannabis home cultivations, approved conditional licenses for processors and cultivators, and appointed a new deputy counsel to the state’s Office of Cannabis Management. Registered medical cannabis patients in New York will now be able to grow up to six plants at home without any legal consequence while caregivers can grow up to 12 cannabis plants. New York’s medical cannabis law allows designated caregivers to grow medical marijuana for up…

WednesdaySep 28, 2022 4:20 pm

420 with CNW — Connecticut Governor Launches Education Campaign on Responsible Marijuana Consumption

Earlier this week, Connecticut Governor Ned Lamont announced that the state was launching an education campaign promoting the responsible use of marijuana by adults. The campaign contains resources that cover how to safely store and dispose of marijuana and marijuana waste, as well as what to do in case a child or even a pet ingests marijuana accidentally. These resources, which include brochures, videos, social media graphics and flyers, can be accessed by any individual. They can also be downloaded for free on the state’s ct.gov/cannabis website. These materials were created by the state’s Department of Consumer Protection in collaboration…

WednesdaySep 28, 2022 9:45 am

Rising Mortgage Lender REZYFi, Inc. Weathering Difficult Economy with Plans for Nationwide Expansion, Cannabis Industry Lending in Coming Months

REZYFi, a Miami-based mortgage lender, servicing traditional and non-traditional loans, is expanding its operations as part of a strategy to weather recent interest rate-affected market challenges REZYFI’s two wholly owned subsidiaries, REZYFi Lending and ResMac Inc., work through a network of independent brokers and proprietary technology to service home owners as well as corporate clients REZYFi expects to grow from more than 30 states where it is licensed to holding a licensing in every state The company is also preparing to launch a high-margin cannabis commercial real estate lending division later this year Emerging mortgage lender company REZYFi (stylized as…

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Month: September 2022