January 2024 - CannabisNewsWire

WednesdayJan 31, 2024 4:20 pm

420 with CNW — DOJ Says Federal Government Will Ask Court to Throw Out Case Challenging Prohibition

The U.S. Department of Justice has revealed that it will ask a federal court to dismiss a lawsuit seeking to block the federal government from enforcing cannabis prohibition in state-level cannabis markets. Several industry stakeholders and cannabis businesses teamed up in May 2022 to sue the federal government over what they said were unconstitutional policies harming their operations. The group was represented by two leading law firms, including Boies Schiller Flexner LLP, which has represented clients such as former Vice President Al Gore and the Justice Department. According to the lawsuit, enforcing cannabis prohibition in state markets is unconstitutional and…

WednesdayJan 31, 2024 11:15 am

Software Effective Solutions Corp. (SFWJ) Strengthens Position with Growing Number of Cannabis Studies

A recent study shows that medical cannabis treatment may be associated with improvements in health-related quality of life Study data indicated that chronic noncancer pain was the most common indication for treatment, followed by cancer pain, insomnia and anxiety MedCana is building the technology, laboratories, growing facilities and scientific teams needed to provide premium pharmaceutical-grade cannabis extracts to the world Cannabis, long shrouded in controversy, is stepping into the limelight of scientific inquiry, revealing a complex tapestry of potential benefits. Software Effective Solutions (d/b/a MedCana) (OTC: SFWJ), a global infrastructure and holding company in the cannabis industry, is paying close…

WednesdayJan 31, 2024 4:20 am

420 with CNW — DeSantis Hints Cannabis Ballot Measure Will Appear on State Ballot

Florida Governor Ron DeSantis anticipates the inclusion of the marijuana legalization proposal on the November ballot. DeSantis expressed optimism that proponents of marijuana legalization would prevail in the Supreme Court, despite resistance from Ashley Moody, the state’s attorney general, who is attempting to stop the vote. The Florida Supreme Court has not yet rendered a decision, which is expected by April 1, 2024, in the lawsuit against the Smart and Safe Florida campaign, despite hearing oral arguments in November. It’s unclear if DeSantis is merely forecasting based on the difficulties at hand or if he has heard back from the…

TuesdayJan 30, 2024 4:20 pm

420 with CNW — Ukraine Could Rely on Marijuana Imports While Awaiting Local Production

Cannabis experts in Ukraine suggest that it might take several years before the domestic cultivation of cannabis is operational within the country. The Ukrainian Parliament, Verkhovna Rada, recently granted approval for a draft law, marking a crucial step toward establishing a legal framework for the medical cannabis industry. The legislative action could open up import-export prospects for foreign and local companies looking to balance supply and demand, especially in the early phases of the Ukrainian market. However, despite Verkhovna Rada’s approval of the legislation, significant groundwork remains before medical marijuana can be legally sold in Ukraine. This is because the…

TuesdayJan 30, 2024 4:20 am

420 with CNW — Restrictions Imposed on New Recreational Marijuana Markets Could Stifle Business

America was one of the first countries on the globe to adopt cannabis reform and repeal prohibitionist cannabis laws, at least at the state level. The country is now home to the largest cannabis markets on the globe and earns billions of dollars annually from fees and cannabis sales. Twenty-four states already allow recreational cannabis sales, but several of them passed adult-use cannabis policies in the past couple of years and are still working out the kinks in their markets. However, players in some of America’s youngest recreational cannabis markets are grappling with increasingly stringent rules and regulations that have…

MondayJan 29, 2024 4:20 pm

420 with CNW — Missouri Legislators Hesitant to Add Cannabis to Workers’ Comp Law

Missouri voters approved a recreational cannabis measure in 2022, joining the growing number of states with adult-use marijuana markets. However, the legalization measure did not address how employers would handle compensation for employees who sustain workplace injuries while under the influence of cannabis. Currently, employees may have their compensation and death benefits cut by up to 50% even if they hadn’t consumed cannabis for days but still tested positive for THC. This mostly stems from the fact that existing cannabis tests aren’t accurate and cannot properly connect blood THC levels to actual intoxication. Worker compensation attorney Bradley Young says this…

MondayJan 29, 2024 11:15 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) To Hit High Ground in Q2 and Q3 2024 with Animal and Human GLP-1 Study Programs

Lexaria, a global innovator in drug delivery platforms, has announced its GLP-1 research plans for the 2024 calendar year The company will kick off its chronic dosing animal study in March/April, followed by the human pilot study #2, kicking off at around the same time The third human pilot study will start in May/June followed by a chronic dosing human study that will involve 70-90 pre-diabetic and type-2 diabetic human patients These studies will evaluate DehydraTECH for the improved delivery of GLP-1 drugs, designed to support prospective commercial partnering with global pharmaceutical companies Lexaria Bioscience (NASDAQ: LEXX), a global innovator…

MondayJan 29, 2024 9:45 am

Software Effective Solutions Corp. (SFWJ) Stands to Benefit If DEA Reschedules Cannabis

A coalition of military veterans’ organizations is joining a growing number of entities encouraging the U.S. DEA to reschedule cannabis The call to reschedule cannabis has gained momentum since the U.S. HHS sent a letter to the DEA supporting the change Operating as MedCana, Software Effective Solutions has five divisions focused on pharmaceutical cannabis production A growing number of organizations are calling for the rescheduling of cannabis from a Schedule I substance per the Controlled Substances Act (“CSA”) to a Schedule III substance. The most recent group to voice is support of the change is a coalition of military veterans…

MondayJan 29, 2024 4:20 am

420 with CNW — CDC Study Shows Major Drop in Teen Cannabis Use in Washington’s Largest County Post-Legalization

A recent federal study conducted by the Centers for Disease Control and Prevention (CDC) has shown a notable decline in cannabis use among teenagers in King County, Washington State’s largest county, following recreational use legalization in 2012. The study indicates a substantial decrease in both frequent and current cannabis use among 8th, 10th, and 12th-grade students, according to data from 2008 to 2021. According to researchers, the legalization of marijuana combined with related rules and age restrictions may have made it less available to minors. They do, however, concede that the COVID-19 epidemic may have contributed to more recent drops…

FridayJan 26, 2024 4:20 pm

420 with CNW — Several Bills to Legalize Cannabis Filed in Indiana

The potential legalization of cannabis in Indiana is expected to be a prominent issue in the upcoming legislative session. In previous years, legislators have pointed to the proximity of neighboring states with legalized cannabis as a driving force behind Indiana’s consideration of the matter. The allure of increased tax revenue, witnessed in nearby states such as Michigan and Illinois, serves as a persuasive incentive for lawmakers to contemplate legalization. Currently, nine measures in both the Indiana senate and house have been proposed, with each incorporating “marijuana” in their titles. SB 99, sponsored by Senators Rodney Pol and Fady Qaddoura, proposes…

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Month: January 2024