June 2023 - CannabisNewsWire

FridayJun 30, 2023 4:20 pm

420 with CNW — Congress Passes Spending Bill Extending Blockage of Adult-Use Cannabis in D.C.

Washington D.C. residents won’t be purchasing recreational cannabis any time soon after Congressional lawmakers extended a ban on adult-use marijuana sales in the region. Although residents voted in favor of legalizing adult-use marijuana for adults in 2015, a federal spending bill rider prevents regulators from using local tax rules to create a legal framework for a commercial recreational cannabis market. The rider has been part of fiscal fending passages every year since and has prevented D.C. from launching a commercial market for years. Last week, the Republican-controlled House chose to renew the spending rider under the 2024 spending bill again,…

FridayJun 30, 2023 2:48 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Published Peer-Reviewed Article on DehydraTECH(TM)-CBD, Bringing Publication Total to Eight

Lexaria’s latest peer-reviewed publications were published in June 2023 in the International Journal of Molecular Sciences, Advances in Therapy, and Biomedicine & Pharmacotherapy Lexaria’s eight peer-reviewed publications support the company’s pursuit of launching an FDA-registered IND program to formally investigate DehydraTECH(TM)-CBD for hypertension The global cardiovascular drug market was worth $146.5 billion and is expected to reach $173.5 billion in 2026 – making patent protection crucial in commercial markets To date, Lexaria has a robust intellectual property portfolio with 34 patents granted and many more pending worldwide Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, recently announced…

FridayJun 30, 2023 4:20 am

420 with CNW — More States Ease 280E Code Burden on Marijuana Companies

The United States cannabis sector is reaping the benefits of long-awaited tax relief as more states, currently standing at 20, have sanctioned legislation that grants exemptions to businesses from Section 280E of the federal tax law. During the spring, lawmakers in Illinois, Connecticut, New York, and New Jersey passed bills that will enable marijuana companies to reduce their business expenses from state income taxes, despite the fact that these businesses are still illegal under federal law. The expected savings could be substantial for larger businesses, depending on the corporation tax rate imposed by each state. Nevertheless, the state-level exemption does…

ThursdayJun 29, 2023 4:20 pm

420 with CNW — Nevada Eases Rules on Cannabis Consumption Lounges, Issues Conditional Licenses

Last week, the Nevada Cannabis Compliance Board unanimously passed a resolution that loosened rules for cannabis consumption lounges in the state. The measure, which also granted a trio of conditional licenses, reduced air-ventilation standards for cannabis consumption lounges in Las Vegas and other areas in the state. Specifically, the number of complete air changes per hour in a single smoking room has dropped to 20 from 30. This is in line with similar venues, including taverns, cigar lounges and hookah bars. The board also reduced air revolutions in nonsmoking areas of marijuana consumption lounges from 20 times every hour to…

ThursdayJun 29, 2023 4:20 am

420 with CNW — Wisconsin Supreme Court Says Cannabis Smell Provides Sufficient Grounds for Police Searches

Wisconsin’s Supreme Court has declared that the presence of a marijuana-like smell inside a car provides sufficient justification for police to search the vehicle’s occupants. This ruling, delivered last week by the court's conservative majority in a 4 to 3 vote, overturned previous decisions by lower courts that maintained officers could not be certain whether they were detecting the scent of CBD. In 2019, Quaheem Moore found himself subject to a search by two police officers when he was pulled over for exceeding the speed limit. He was alone in the vehicle, which emitted a smell resembling marijuana. Moore informed…

WednesdayJun 28, 2023 4:20 pm

420 with CNW — Colombia Senate Rejects Recreational Cannabis Bill

Cannabis reform efforts in Colombia recently came to a screeching halt after the Columbia senate rejected a recreational cannabis bill. The Senate voted down a measure that would have legalized the sale of adult-use cannabis and opened Colombia up to a multibillion-dollar cannabis industry. Despite the setback, cannabis reform activists in the country, including President Gustavo Petro, have pledged to continue their efforts to legalize recreational cannabis in Colombia. Colombia currently allows the home cultivation of up to 20 plants as well as the sale of cannabis-derived products such as creams and oils for medical use. However, like most countries,…

WednesdayJun 28, 2023 10:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Grows Robust Intellectual Property Portfolio to 34 Worldwide Patents with Receipt of 4 New Granted in Canada, US

Lexaria Bioscience recently received four new patents granted in Canada and the United States In the U.S., the company received two new hypertension-related patents expected to be of particular importance as the company pursues FDA approval for a Phase 1b study evaluating DehydraTECH(TM)-processed CBD So far, the company has a robust intellectual property portfolio comprising 34 patents granted worldwide The strong portfolio gives the company the necessary impetus and peace of mind to pursue multiple large markets, starting with the multi-billion dollar cardiovascular drugs market The company has conducted five human clinical studies that have provided insights into the potential…

WednesdayJun 28, 2023 4:20 am

420 with CNW — NCAA Panel Seeks to Get Cannabis Off Banned Substances List

College athletes may soon earn a reprieve against anti-cannabis policies that prevent athletes from consuming cannabis and penalize those who do. Much like the federal government, most sports organizations have banned cannabis consumption among their respective athletes. However, the NCAA Committee on Competitive Safeguards and Medical Aspects of Sports is urging the National Collegiate Athletic Association to remove marijuana from its drug testing protocols and list of banned substances. After decades of federal criminalization and millions of lives changed, a wave of cannabis reform is sweeping across America, leaving dozens of states with either medical or recreational cannabis markets, sometimes…

TuesdayJun 27, 2023 4:20 pm

420 with CNW — LA Cannabis Consumption Lounges Face Delays in Opening

Las Vegas, a city that derives a significant portion of its annual revenue from tourism, is one of the many regions looking to tap into cannabis consumption lounges. However, it seems that industry stakeholders and consumers will have to wait a little longer before the city officially launches the consumption lounges. More than a decade after America’s recreational cannabis industry started taking shape, the public consumption lounge segment has failed to make much headway. Cannabis reform was always a controversial topic, and even though dozens of states now have either medical or recreational markets, cannabis still doesn’t enjoy 100% support.…

TuesdayJun 27, 2023 4:20 am

420 with CNW — Five Compliance Mistakes Cannabis Companies Should Be Wary Of

Operating within one of the most fragmented regulatory landscapes in the world, businesses involved in the cannabis industry face unique challenges. With the expansion of the U.S. markets, the complexity of cannabis compliance requirements is on the rise. The significance of adhering to marijuana regulatory compliance cannot be emphasized enough. Implementing a robust compliance program is crucial for safeguarding businesses, reputations, licenses and pipelines. Compliance also plays a key role in fostering a culture of accountability, where employees are encouraged to adhere to frequently changing rules. Here are the top five mistakes to avoid when it comes to cannabis compliance:…