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MondayApr 22, 2024 4:20 pm

420 with CNW — FDA Boss Says DEA Doesn’t Have Reason to Delay Cannabis Rescheduling

U.S. Food and Drug Administration (FDA) director Robert Califf noted before a House committee on April 11, 2024, that there is no justification for the U.S. Drug Enforcement Administration (DEA) to postpone making the much-anticipated decision to move cannabis from Schedule I to III of the Controlled Substances Act (CSA). However, Califf suggested that the DEA might treat recreational cannabis differently from medical cannabis, a move that could significantly impact the American marijuana industry. Analysts have speculated on the implications of such a potential distinction, noting that it might result in tax advantages for medical cannabis enterprises over recreational ones.…

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MondayApr 22, 2024 11:15 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Marks GLP-1 Study Milestone with Ethics Review Board Approval

Lexaria, a global innovator in drug delivery platforms, has received approval for its GLP-1 human pilot study #2 by an independent third-party ethics review board GLP-1 drugs are utilized in the treatment of type 2 diabetes and obesity, a huge market, and are typically administered by painful and expensive injection, offering a major opportunity for Lexaria’s oral delivery platform This approval sets the company up for dosing within 30 days or less, with tentative study completion dates for this summer The study will comprise two study arms, the second study arm will investigate whether Lexaria’s patented DehydraTECH(TM)-enhanced semaglutide can effectively…

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MondayApr 22, 2024 10:00 am

North Dakota Group Files Recreational Cannabis Legalization Ballot Measure

Earlier this week, a group in North Dakota filed a ballot measure petition to legalize recreational marijuana in the state. The measure would permit individuals aged 21 years and older to buy products from registered marijuana establishments in the state and possess small amounts of marijuana. For the measure to qualify for the November ballot, the group will have to collect 15,582 signatures from eligible voters by July 8, 2024. In a release, the New Economic Frontier stated that the proposal would promote economic growth in North Dakota and reduce the burden on the criminal justice system. This committee is…

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FridayApr 19, 2024 4:20 pm

420 with CNW — Report Shows the US Cannabis Industry Now Employs 440,000 Full-Time

A recent yearly report on marijuana sector employment in the United States reveals a nearly 5% increase in full-time cannabis jobs over the past year, marking a turnaround from the approximately 2% decline compared to 2022. Despite this increase, it represents the smallest annual growth since 2017. According to the report by Vangst, a Colorado-based cannabis staffing company, and Whitney Economics, an analytics company, legal marijuana in the United States now supports more than 440,000 full-time workers. However, the report highlights that job growth was not evenly distributed across the country. In states such as Michigan where cannabis sales have…

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FridayApr 19, 2024 10:00 am

Ipsos Poll Suggests Cannabis, Abortion Ballot Measures Not Certain of Success in Florida

A recently conducted Ipsos poll has found that one-half of Floridians would vote to approve an abortion ballot initiative. The poll included 316 independents, 264 Democrats, and 369 GOP members. It was carried out April 5–7, 2024, with a margin of error of 4.1%. The survey include more than 1,000 adults in Florida, determining that 16% of them were unsure of their positions and/or hadn’t registered to vote. An additional one-third revealed that they were against the amendment on abortion. The poll also found that 49% of Floridians were in favor of a cannabis amendment. Those championing for recreational cannabis…

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ThursdayApr 18, 2024 4:20 pm

420 with CNW — Why the UK Needs to Consider Decriminalizing Cannabis As Germany Just Did

Germany recently passed a new law that decriminalizes marijuana possession and cultivation for personal use, permitting individuals over the age of 18 to possess up to 25 grams of marijuana and cultivate up to three plants for personal use. Beginning in July 2024, German citizens can also join cannabis grower’s associations or not-for-profit social clubs that focus on the collective cultivation of cannabis for members’ benefit. In contrast to Germany’s progressive stance, the UK government maintains its support for cannabis prohibition, which sets it apart from several nations, including certain U.S. states, Canada and Malta. One of the primary arguments…

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ThursdayApr 18, 2024 9:45 am

Software Effective Solutions Corp. (SFWJ) Subsidiary Inks Major Deal with Danziger Colombia

New three-year agreement between SFWJ’s Eko2o and Danziger Colombia reflects both companies’ commitment to sustainable, innovative agriculture practices The collaboration is projected to generate $2.5–$3 million in revenue over the next three years Eko2o will provide greenhouse infrastructure services, irrigation products and technology to Danziger’s flower operations in Colombia Agriculture can have a significant impact on the environment, and an increasing number of companies are working to ensure their agricultural practices are sustainable. Software Effective Solutions (OTC: SFWJ) is among that group, with its majority-controlled, Colombia-based subsidiary Eko2o S.A.S entering a major multiyear contract with Danziger Colombia (https://cnw.fm/apRCJ), the world’s…

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WednesdayApr 17, 2024 4:20 pm

420 with CNW — Marijuana Biopharmaceutical Company Takes DEA to Court for Hindering its Cultivation Plans

In a fresh lawsuit brought against the U.S. Department of Justice (DOJ) and the U.S. Drug Enforcement Administration (DEA), MMJ BioPharma Cultivation, a marijuana company based in Rhode Island, is seeking to halt an administrative law judge’s review of its application to produce cannabis for research. The lawsuit contends that DEA director Anne Milgram unlawfully appointed administrative law Judge Teresa Wallbaum. The company argues that this action violates the constitutionality of the process and the decision-maker involved, as well as lacks accountability to the president. The lawsuit names DEA Administrator Anne Milgram, DEA Administrative Law Judge Teresa Wallbaum, the DOJ…

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WednesdayApr 17, 2024 10:00 am

Six Quick Facts About Cannabis and Americans

The possession and use of cannabis is illegal under federal law in the United States. Despite this, many states across the country have legalized the drug for recreational or medical purposes. This comes as public support for legalization continued to increase. Below are some facts about cannabis in the United States, based on recent data. Almost 90% of Americans want cannabis to be legalized for recreational or medical use. A survey conducted by Pew Research Center in January found that 88% of adults in America think cannabis should be legal for recreational or medical use. More than 50% live in…

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TuesdayApr 16, 2024 4:20 pm

420 with CNW — With More MSOs Joining Recreational Marijuana Campaign in Florida, Funding Now Exceeds $55 Million

Florida is witnessing a surge in momentum as it gears up for what is anticipated to be the costliest recreational cannabis legalization campaign in American history. Led by Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), based in Tallahassee, the campaign is attracting support from six other multistate cannabis operators (MOS), marking a significant expansion in the effort to transition Florida’s thriving $2 billion medical cannabis market, currently the largest in the nation, into one that caters to recreational use too. The latest supporters joining forces with Trulieve include prominent players in the cannabis industry such as Ayr Wellness, Cresco Labs,…

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