February 2023 - CannabisNewsWire

TuesdayFeb 28, 2023 4:20 pm

420 with CNW — Study Finds Marijuana Vaping Among Youth Is Higher in Medical-Use States

New research has found that seniors in high school within states where the medical use of marijuana is allowed had a higher likelihood of vaping marijuana, in comparison to seniors within states where the drug’s use is legal for recreational use or is prohibited. Washington State University PhD student Christian Maynard and Professor Jennifer Schwartz of the sociology department at the institution carried out the study. For their research, the investigators conducted an analysis obtained from the Monitoring the Future survey, which was comprised of responses on marijuana consumption from more than 3,700 seniors in high school. Of those students…

TuesdayFeb 28, 2023 11:15 am

Alternative Products Expo at Ft. Lauderdale, Coming Up Soon

The Alternatives Products Expo, organized by ZJ Events is being held in Fort Lauderdale March 3-5, 2023. Exhibitors can showcase their products and market their innovative ideas in front of a large audience of potential investors. This premier counterculture show will feature a diverse range of products including CBD, DELTA-8, Nicotine Alternatives, Kratom, Extracts, Functional Beverages, and more. The Alternative Products Expo will offer participants a unique experience, offering access to new products and free samples available only at the show, as exhibitors pitch their services, products, and ideas to expand the attendees' knowledge base. All mainstream products have an…

TuesdayFeb 28, 2023 9:45 am

REZYFi, Inc. Delivers on Promise of Expertise, Focusing on Loan Origination and Support for Cannabis, High-risk Clients

Specialized mortgage lender REZYFi Inc. is strategically serving the needs of consumers and cannabis-related businesses through an alternative loan financing approach The company’s alternative mortgage financing strategy relies on real estate and other assets of the borrowers to secure loans for clients whose financial history or legal revenue base may make them unattractive borrowers for traditional banks The cannabis industry has long struggled to secure loans despite its cash-intensive operations because of the federal government’s choice not to recognize the industry REZYFi’s strengths as a lender include efficient operations supported by skilled staffing with years of expertise in the industry,…

TuesdayFeb 28, 2023 4:20 am

420 with CNW — Canadian Industry Groups Want Federal Fees on Marijuana Reduced to Relieve Operator Burden

A group of Canadian cannabis executives has shined a light on what it says are unsustainable federal fees on the nascent industry. The executives are asking the federal government to offer the industry some relief from the federal tax fees amid widespread financial losses and increasing job losses. During a news conference last week, the executives argued that job losses would continue to pile up if the federal government did not make any meaningful reform. Even though cannabis is legal across dozens of states in the United States and in Canada as well, industry players have been forced to contend…

MondayFeb 27, 2023 4:20 pm

420 with CNW — Twitter’s Decision Gives US Marijuana Companies Advertising Boost

Industry insiders say that Twitter's recent policy change allowing state-legal marijuana businesses to advertise and market on the platform is a positive development for the sector and may prompt other digital advertising platforms to reconsider their bans on cannabis promotion. Twitter is simultaneously enhancing its entry into American marijuana advertising through a promotional incentive for the sector. However, there are still some uncertainties regarding the specifics of what Twitter's new marijuana advertising policy allows and prohibits. In the opinion of Lisa Buffo, CEO and founder of the Cannabis Marketing Association, the move is a definite sign that marijuana is becoming…

MondayFeb 27, 2023 10:30 am

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Additional HYPER-H21-4 Study Findings Offer Better Understanding of the Anti-Hypertensive Effects of DehydraTECH-CBD

Dosing for Lexaria’s ambitious and most comprehensive clinical study, HYPER-H21-4, was successfully completed in July 2022, with newly analyzed results now emerging Its latest findings bring the company closer to its upcoming FDA Phase 1b study while also explaining the patented DehydraTECH-(TM)-processed CBD interaction with the sympatho-chromaffin system via catestatin modulation Lexaria’s management is optimistic that DehyraTECH-CBD and its effectiveness in modulating catestatin levels could become a significant value enhancer should it eventually enter the marketplace as an approved hypertension treatment Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, kicked off its human clinical study, HYPER-H21-1 in…

MondayFeb 27, 2023 4:20 am

420 with CNW — Wisconsin Governor Releases Budget Request That Features Cannabis Legalization

Wisconsin Governor Tony Evers (D) recently unveiled the state's biennial budget proposal, which once more includes language supporting the legalization of both medical and recreational cannabis. The governor made it known that he intended to include the adult-use proposal in his request, despite a top Republican lawmaker's warning that doing so might jeopardize talks on more moderate medical marijuana legislation. He also stated that he would not be persuaded to drop the proposal owing to the fact that he promised to work for comprehensive legalization during the campaign and a majority of state voters support the change in law. However,…

FridayFeb 24, 2023 4:20 pm

420 with CNW — President Biden Issues Executive Order on Cannabis Equity

Reform activists have long concluded that the drug war of the 1980s and 1990s is an unmitigated failure. Although the war on drugs was ostensibly launched to cut financial outflows to criminal organizations and address drug addiction in the United States, it has resulted in the incarceration of significant numbers of people on minor drug charges, decimated families in Black and Brown communities and contributed to already entrenched racial disparities. Now that cannabis drug reform is sweeping across the country, most states have included social justice provisions in their cannabis laws to try and alleviate the disproportionate damage caused by…

FridayFeb 24, 2023 4:20 am

420 with CNW — NJ Supreme Court Clears Confusion on Cannabis Expungement Law

The Supreme Court of New Jersey recently ruled that first-time offenders who avoided conviction for minor drug offenses by enrolling in a diversionary program before legislators in the state decriminalized cannabis two years ago could still be enrolled to another program for any new offenses. The unanimous ruling was an effort to analyze the intent of the Cannabis Regulatory, Enforcement Assistance and Marketplace Modernization Act. While this law decriminalized the simple possession of marijuana in the state of New Jersey and directed that previous cannabis convictions be expunged automatically from an individual’s criminal record, it did not look into how…

ThursdayFeb 23, 2023 4:20 pm

420 with CNW — Schumer Meets GOP Senators Over Cannabis Legislation in New Congress

In January, Senate Majority Leader Chuck Schumer (D-NY) convened a second meeting to discuss cannabis legislation for the 118th Congress. This time, he invited a group of Republican senators to strategize the next steps for drafting a bill that could pass. The first meet-up with Democratic colleagues occurred at the beginning of February. In the recent meeting, the GOP leaders present included Senators Dan Sullivan (R-AK), Rand Paul (R-KY), and Steve Daines (R-MT). The aim of these meetings is to establish a mechanism through which legislators can reach a bipartisan agreement on marijuana reform bill goals in the current Republican-controlled…

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Month: February 2023