Chris@CNW, Author at CannabisNewsWire

MondayFeb 07, 2022 4:20 am

420 with CNW — Top Financial Regulator Says Marijuana Sector Has Bright Future

In an interview with PBC conference, Rodney Hood, a financial regulator and board member National Credit Union Administration (“NCUA”), said that the marijuana sector has a bright future once it is fully legalized and infrastructure is set in place. During the interview, Hood suggested ways to deal with federal regulations that have seen banking institutions backing out on working with marijuana businesses. Despite more states legalizing marijuana for recreational and medical use, the industry has not received backing from the financial services sector. This reluctance is due to the influence of federal prohibition on the sector. Aside from that, rural…

FridayFeb 04, 2022 4:20 pm

420 with CNW — USDA Partners with Cornell University to Conduct Hemp Webinars

The USDA announced last week that it would be teaming up with Cornell University to hold a webinar series that promoted hemp education. According to a press release, the series will feature experts in hemp production, research and academia as well as the private industry. The first episode, which was held last week, focused on outdoor growing of hemp. The next episode will look into the indoor cultivation of hemp. Other topics to be discussed over the next couple of months include the economics of hemp production, the endocannabinoid system, genetics, food sciences, hemp extraction and hemp processing. Zachary Stansell,…

FridayFeb 04, 2022 10:19 am

BevCanna Enterprises Inc.’s (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Journey: From Runners’ Knee to Canada’s 101 Top F&B Start-up List

BevCanna Enterprises Inc is a diversified health & wellness beverage and natural products companies which deals in the manufacture and distribution of both, in-house brands, and white-label clients The company currently boasts over 3,000 points of distribution and online through which it retails the company’s market-leading TRACE brand, its Pure Therapy natural health products as well as its various, cannabis infused beverages. BevCanna’s strong execution recently saw it report 3Q2021 revenues of $1.1 million, representing a rise of over 1,000% relative to a year ago BevCanna Enterprises separately announced that it has been named as one of the 101 Top Food…

FridayFeb 04, 2022 4:25 am

420 with CNW — Congressman Wants to Add Cannabis Banking Language to America COMPETES Act

The sponsor of the SAFE Banking Act, Rep. Ed Perlmutter, recently stated that he’s planning to attach an amendment to the proposal for a broader measure that deals with innovation and research in the manufacturing and technology sectors. The congressman is looking for another vehicle to pursue his initiative after it was removed from a separate defense legislation in 2021. The measure’s language had been successfully attached to the National Defense Authorization Act on the House side but was removed later, during bicameral negotiations. At the time, the congressman said that senate leadership was to blame for the decision to…

ThursdayFeb 03, 2022 4:20 pm

420 with CNW — Seven Ways Hemp Seed Oil Can Be Used in Body Care

Hemp seed oil has many uses. Did you know that hemp oils can be used to improve and care for one’s nails, hair and skin? Below we look at a couple of ways to use hemp seed oil in body care. As a moisturizer Hemp oils have a lot of nutrients, including omega fatty acids, vitamins and minerals, which help revitalize and moisturize the skin, particularly dry skin. This means that these oils can be used as a brightening and hydrating face mask. Hemp seed oil masks can also be left overnight for deeper hydration. However, if you already have…

ThursdayFeb 03, 2022 10:00 am

InMed Pharmaceuticals Inc. (NASDAQ: INM) Strengthens Leading Role in Rare Cannabinoid Market Following New Product Launch, Key Acquisition

Cannabicitran is the first of four new rare cannabinoids InMed is planning to launch in the first half of the year to meet growing inbound demand The launch demonstrates InMed’s ability to produce rare cannabinoids at scale, something only very few companies have achieved BayMedica acquisition, other key achievements in 2021, are positioning the company as a leading supplier of rare cannabinoids in the health and wellness sector A leader in the research, development, manufacturing and commercialization of rare cannabinoids, InMed Pharmaceuticals (NASDAQ: INM) has begun the new year from a more prominent position in the market, following key acquisitions…

ThursdayFeb 03, 2022 4:20 am

420 with CNW — Amazon Backs Republican-Led Bill Ending Federal Cannabis Prohibition

Late last year, a GOP Congresswoman sent waves across America’s nascent cannabis industry when she introduced a bill to end federal cannabis prohibition in the country and regulate the controversial plant. With cannabis reform being seen as a primarily progressive effort spearheaded by the left, Rep. Nancy Mace’s States Reform Act was meant to act as a compromise between Democrats and Republicans. Although Senate Majority Leader Chuck Schumer and his colleagues had already unveiled a federal legalization bill, it stands little chance of advancing to the President’s desk without Republican support. In a move that is bound to bolster the…

WednesdayFeb 02, 2022 4:20 pm

420 with CNW — Most Americans Would Elect Someone Who Uses Marijuana, Survey Reveals

Many Americans have revealed in a new poll that they have no problem electing an individual who uses marijuana. According to the survey conducted by YouGov, 58% of the interviewees indicated that they would elect someone who takes marijuana in their free time. However, 21% wouldn’t cast that vote. The data used in the survey was collected from 4,096 individuals based in the United States. This survey comes at about the same time that Senate candidate Gary Chambers (D) released a campaign ad in which he was smoking cannabis. During the now-viral video, Chambers discusses the racial discrimination that comes…

WednesdayFeb 02, 2022 2:06 pm

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Sets to Benefit Amid a Rapidly Growing Market

BevCanna is company developing diversified portfolio of health and wellness products for both in-house brands and white-labeled clients Company deploys a traditional retail and direct-to-consumer e-commerce model to offer products throughout North America Company actively explores opportunities within infused beverages market as CBD-infused beverages gain popularity; global market expected to reach US$2 billion by 2026 BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) is a Canada-based diversified health and wellness beverage and natural products company developing and manufacturing a diverse portfolio of alkaline, plant-based, and cannabinoid beverages and supplements for in-house brands and white-label clients alike. Founded in 2017, BevCanna…

WednesdayFeb 02, 2022 4:25 am

420 with CNW — Thailand Greenlights Marijuana Home Grows

Earlier this week, the narcotics board in Thailand announced that it would be removing marijuana from its list of controlled drugs, which would allow households in the country to grow the herb. Thailand was the first country in southeast Asia to legalize cannabis for research and medical use in 2018. Under this new law, individuals can grow marijuana at home after they have notified the local government. However, the country’s Health Minister Anutin Charnvirakul stated in an interview that the marijuana grown can’t be used for commercial purposes if one hadn’t obtained a license. Before home growing of marijuana plants…