Chris@CNW, Author at CannabisNewsWire

TuesdayMay 02, 2023 4:20 pm

420 with CNW — Australia’s Medical Marijuana Market May Soon Surpass Canada’s

The medical marijuana industry in Australia is expected to grow significantly this year, with some experts noting that the market may even outdo the medical cannabis sector in Canada. Australia legalized medical cannabis in 2016. Patients using medical marijuana in the country usually access the drug from an approved prescriber or through the Special Access Scheme Category B (SAS-B) system. Data from the Therapeutic Goods Administration shows that the number of patient approvals under the SAS-B system increased in the period between 2018 and 2021, before declining last year. The primary cause of the decline in approvals was the implementation…

TuesdayMay 02, 2023 4:20 am

420 with CNW — Coalition Urges Biden Administration to End Federal Prohibition, Deschedule Marijuana

A coalition made up of more than 80 groups recently penned a letter to President Joseph Biden asking that he put an end to the federal prohibition of cannabis. In the letter, the coalition stated that too many lives had been affected by the country’s failed approach to marijuana and urged that the administration support comprehensive cannabis reform bills in Congress. This includes measures such as the Cannabis Administration and Opportunity Act., which deschedules cannabis, establishes a regulatory framework for marijuana markets and repairs the past harms of prohibition. Marijuana criminalization has led to the unfair targeting of Black, Indigenous…

MondayMay 01, 2023 4:20 pm

420 with CNW — Pennsylvania Bill Seeks to Let Nurses Administer Medical Cannabis to Students

Representative Malcolm Kenyatta of Pennsylvania's state legislature says he intends to introduce a measure that allows school nurses to give medical cannabis to students. According to the state’s health department, the administration of medical cannabis to students with severe medical conditions under a Patient Authorization Letter is supported by both the departments of health and education, as long as a safe environment is maintained for all students while on school premises. The current guidelines state that: Parents, caregivers or legal guardians may deliver medical marijuana to their children or students on school grounds if they provide a copy of the…

MondayMay 01, 2023 4:20 am

420 with CNW — New Jersey’s Marijuana Market Still Facing Issues Following Launch

One year ago, the state of New Jersey launched its recreational marijuana sales. This was more than a year after voters approved a measure to legalize cannabis, which meant that consumers could finally buy edibles, vapes and marijuana legally at specific dispensaries. This was just on paper, however. It actually took the government months to begin accepting and approving applications for cannabis retailers. At the moment, the state has 24 recreational dispensaries, all of which are run by multistate operators that had first received approval to sell medical marijuana. The state has also awarded more than 1,200 conditional licenses to…

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…