April 2023 - CannabisNewsWire

FridayApr 28, 2023 4:20 pm

420 with CNW — Delaware Governor Lets Cannabis Bills Become Law Sans His Signature

Delaware Governor John Carney stated that he would permit two bills to become law without his signature to legalize cannabis possession and create a controlled adult-use market. This has since come to pass. Advocates were worried that the governor would override the proposals, as he did during the previous session. He did, however, recently announced that he would let HB 1 and HB 2 take effect without his active participation, which came as a happy surprise to supporters. Carney, who had previously refrained from commenting on his intentions regarding the marijuana reform proposals from Representative Ed Osienski (D), said that…

FridayApr 28, 2023 9:45 am

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Successful DIAB-A22-1 Diabetes Study Indicates Just One of Several Potential Applications for DehydraTECH(TM) Drug Delivery Platform Technology

Lexaria recently completed its diabetes animal model study, DIAB-A22-1, an ambitious study that explored the potential of its patented DehydraTECH(TM)-processed cannabidiol (“CBD”) for the treatment of diabetes The study showed at least three primary positive outcomes, including weight loss and improved triglyceride and cholesterol levels, with lower doses of DehydraTECH-CBD achieving the most optimum outcome The success of this study inches Lexaria closer to capitalizing on the potential of the diabetes drug market, estimated at $63.1 billion in 2021 It also points to the technology’s effectiveness, particularly following the success of the company’s most ambitious clinical study, HYPER-H21-4, demonstrating the…

FridayApr 28, 2023 4:20 am

420 with CNW — Research Finds Marijuana Gives Roundworms the Munchies

New research has found that roundworms exposed to marijuana compounds also get the munchies, just like humans. Cannabinoid molecules derived from the marijuana plant usually bind to endocannabinoids, whose receptors are found in the brain, other organs and connective tissues. Popular cannabinoid molecules include tetrahydrocannabinol (THC), cannabidiol (CBD), cannabinol (CBN), cannabichromene (CBC), cannabigerol (CBG), 9-tetrahydrocannabivarin (THCV), cannabidivarin (CBDV) and cannabivarin (CBV). The endocannabinoid system is said to balance key bodily functions and regulate functions such as eating, anxiety, memory and sleep. Researchers found that roundworms, or Caenorhabditis elegans as they are scientifically referred to as, fed for longer than normal…

ThursdayApr 27, 2023 4:20 pm

420 with CNW — Could Interstate Commerce Fix Cannabis Glut in Legal States

Despite there being a huge supply of cannabis thanks to excellent growing conditions and lot of expertise and knowledge, any extra product is legally restricted to each state's borders because of the federally sanctioned use of marijuana. However, It's an open truth that some licensed farmers have sent goods to the out-of-state illicit market to stay afloat in Oregon. The state's top cannabis regulator recently issued a warning about an existential crisis in the marijuana business. Most cannabis companies in California are struggling with millions of dollars in outstanding debts, and some have had to shut down their cultivation operations.…

ThursdayApr 27, 2023 10:30 am

Lift Toronto 2023 Promises to Drive Meaningful Change and Sustainable Growth in Cannabis Industry while Providing Memorable Experiences

Lift Events & Experiences, a collective known for organizing Canada’s number-one cannabis industry conferences and trade shows, invites cannabis retailers, licensed producers, growers, budtenders, brands, investors, and everyday folks, for the Lift Toronto 2023 event scheduled for June 1-3, 2023 at the Metro Toronto Convention Centre (“MTCC”). The three-day action-packed convention is set to continue a tradition that has become synonymous with each of Lift Events & Experiences’ events: showcasing leading-edge content and premier exhibitors in a high-energy, unique setting. The first day of the event will play host to the Lift Cannabis Business Conference, Canada’s premiere business strategy gathering…

ThursdayApr 27, 2023 4:20 am

420 with CNW — North Carolina Legislators File Bills to Legalize Recreational Cannabis

Two measures that would end marijuana prohibition for adult use are pending in the North Carolina state legislature as lawmakers work to make the drug finally legal in their state. The first bill, HB 626, was introduced by four Democratic members of the House on Monday. If approved, the bill would make it legal for adults aged 21 years and older to possess small amounts of marijuana. Even though the possession of less than half an ounce of cannabis was decriminalized back in 1977, it is still illegal in North Carolina and carries a punishment of up to $200. Even…

WednesdayApr 26, 2023 4:20 pm

420 with CNW — Marijuana Retailers Celebrate 4/20 with Deals, Promotions

April 20, or 4/20 as the day is normally referred to, is an unofficial holiday celebrated by marijuana smokers across the Unites States and in other parts of the world. Marijuana retailers in America marked the day with in-store events, deals and promotions geared toward meeting their consumers’ needs and attracting new customers. Many planned to run their promotions for a week or even a month instead of one day, which would go a long way in bringing in foot traffic. Historically, 4/20 is a boon for marijuana retailers, with Treez CEO John Yang revealing that in 2022, the company’s…

WednesdayApr 26, 2023 4:20 am

420 with CNW — New York Governor Announces Campaign to Promote Purchase of Legal Cannabis

New York Governor Kathy Hochul has announced that the state is initiating a campaign to urge persons 21 years and older to purchase cannabis from licensed dispensaries. The move is meant to make sure that people buy safe products and that profits are directed toward achieving equity and reinvestment objectives. Hochul stated the "Why Buy Legal New York" initiative will debut around April 20, 2023, the unofficial cannabis holiday, to capitalize on the heightened awareness surrounding cannabis-related issues. The campaign is premised on reaching consumers aged 21 or older via educational materials; digital advertisements, such as a handbook on safe…

TuesdayApr 25, 2023 4:20 pm

420 with CNW — Congressional Committee Begins Investigation into Inaction by the FDA on CBD Regulation

The House Oversight and Accountability Committee Chair recently penned a letter to the FDA, notifying the agency that an investigation into its decision to not regulate CBD was being conducted. CBD (cannabidiol) is one of the two main compounds found in cannabis, the other being THC. Unlike THC, however, CBD doesn’t induce a high when consumed. This compound, which is derived from hemp, is also not addictive. Representative James Comer criticized the agency’s inaction on the matter, stating in his letter that CBD was a popular product whose use had risen in the last few years. In January 2023, the…

TuesdayApr 25, 2023 4:20 am

420 with CNW — Missouri in the Midst of Product Shortages as Recreational Marijuana Market Takes Root

In February, the state of Missouri launched its recreational cannabis market. This was after voters in the state approved amendment 3 in November 2022, making Missouri the 21st state in the country to legalize adult-use marijuana. Almost two months later and the market is set to hit $1 billion in sales in its first year. However, increasing demand from local and out-of-state customers as well as medical cannabis patients has greatly surpassed operators’ expectations, resulting in higher wholesale prices and product shortages. In some areas, such as near the Kansas border, retailers have observed significant increases in foot traffic since…

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Month: April 2023