March 2023 - Page 6 of 6 - CannabisNewsWire

ThursdayMar 02, 2023 4:20 pm

420 with CNW — California’s Yearly Marijuana Sales Decline for First Time Since Launch of Recreational Market

New data from the California Department of Tax and Fee Administration shows that annual marijuana sales in the state dropped in 2022. This is the first time since the state launched its recreational market five years ago that sales have fallen. Last year, retailers raked in $5.3 billion in taxable sales of medical and recreational cannabis. This is quite a drop, in comparison to the $5.8 billion generated in 2021. Taxable sales in the fourth quarter also declined to $1.3 billion, down by almost 12% from the same period in 2021. Hirsh Jain, Ananda Strategy’s founder, stated that the continued…

ThursdayMar 02, 2023 1:33 pm

420 with CNW — SAMHSA Advisory Warns Users About CBD, Suggests Dispensary-Sourced Products Could Be Safer

The Substance Abuse and Mental Health Services Administration (SAMHSA), a branch of the U.S. Department of Health and Human Services, has released a new advisory warning about the possible side effects, harms, and unknowns of CBD. The federal agency also makes the implication that cannabis dispensaries may sell safer products than gas stations and other stores. The cannabinoid product has been available on store shelves since Congress approved the use of hemp in the 2018 Farm Act, and SAMHSA reports that demand for it is still rising. According to SAMHSA's advisory, a variety of form factors, such as CBD-infused foods,…

ThursdayMar 02, 2023 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Uses Patented DehydraTECH(TM) Technology to Disrupt Drug Delivery Through Innovation

Lexaria's DehydraTECH(TM) technology has 28 granted patents, with many more patents pending worldwide DehydraTECH(TM) uses a patented formulation and dehydration process method to change how the body detects and absorbs drugs Lexaria is focusing on three main areas: CBD for hypertension, oral nicotine to replace vaping and smoking, and CBD potentially for diabetes and seizures Lexaria is conducting early work to support its FDA-registered IND program to investigate DehydraTECH(TM)-processed CBD for hypertension Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, is increasing the bioavailability and improving the way active pharmaceutical ingredients (“APIs”) enter the bloodstream through its…

ThursdayMar 02, 2023 4:20 am

420 with CNW — Research Finds Cannabis Users Have Lower Blood Pressure

Over the past decade or so, a growing body of research has revealed that cannabis has significant therapeutic potential. Studies have found that cannabis can be effective against a host of medical conditions, including chronic pain, insomnia and anxiety, with none of the side effects typically observed with pharmaceutical use. Even as dozens of American states and overseas territories now allow their residents to purchase and use cannabis for medical purposes, researchers across the world are still trying to understand the plant’s full therapeutic potential. A recent study published in “NatureScientific Reports” journal has provided evidence linking cannabis usage to…

WednesdayMar 01, 2023 4:20 pm

420 with CNW — Connecticut Lawmakers Consider Adding Marijuana DUI to Driving Curriculum

According to a recent bill discussed by the House’s Transportation Committee, Connecticut driver education courses would include information warning against the risks of driving while under the influence of marijuana. House Majority Leader Jason Rojas put forth the bill last month, and it had a public hearing last week. The proposed legislation would mandate that lessons on the risks of driving under the influence be included in private driver instruction courses as well as those provided at high schools and secondary schools. The current law mandates that instruction on driving while impaired by drugs and alcohol be included in driver…

WednesdayMar 01, 2023 10:30 am

Prime Harvest Inc. Reveals That Their Reg A+ Equity Offering Has Been Granted Approval to Go Ahead

Prime Harvest recently revealed that the company’s Reg A+ equity offering has been greenlighted by the SEC The primary share offering will see the company market up to 10 million shares to investors at a price of $4.20 each, with estimated gross proceeds of $42 million The company has said that net proceeds will be destined towards the acquisition of licensed assets, continued expansion of their delivery network and general corporate purposes Prime Harvest, a technology-focused, full-service cannabis company based in San Diego, recently announced the qualification of its equity offering under the SEC’s Regulation A+. The offering, which has…

WednesdayMar 01, 2023 9:00 am

Explore all things cannabis at CannExpo March 25-26 at Enercare Centre

Toronto’s premiere destination for canna-curious and enthusiasts alike CannExpo Toronto, a consumer and retail cannabis show taking place March 24-26th, 2023 at the Enercare Centre, will feature three full days of exhibits and events for cannabis consumers, licensed retailers and budtenders. Visitors can discover new products and cutting edge technology, plus purchase accessories, hardware and services. Exhibitors include popular cannabis brands such as Slow Ride Bakery, Shatterizer and Weed Me Inc., Licensed Retail Stores including Canada’s first cannabis store owned by a Woman of Colour; GreenPort, craft growers, accessories, cannabis crafts, organic hemp products and more. The Ontario Cannabis Store…

WednesdayMar 01, 2023 4:20 am

420 with CNW — Association Launched to Teach Australian Nurses About Medical Marijuana

Last week saw the launch of the Australian Cannabis Nurses Association (ACNA), a newly formed organization to provide nurses with peer support, education and advocacy regarding medicinal marijuana. Simone O'Brien, a nurse practitioner and licensed medical marijuana practitioner, founded the group alongside Jodie Davis and Deb Ranson. The organization desires that nursing programs at the undergraduate level cover the endocannabinoid system. O'Brien developed an interest in medicinal marijuana after suffering a severe leg injury during a leave from work, which pushed her to research the potential benefits of the medication. Australia legalized medical marijuana seven years ago through the Federal…