Chris@CNW, Author at CannabisNewsWire

MondaySep 27, 2021 4:20 pm

420 with CNW — Poll Reaffirms Campaign Group’s Drive to Reform Medical Cannabis Laws in Michigan

A recently conducted poll has found that most voters in the state of Michigan support medical cannabis being regulated at the same standards as recreational cannabis; the majority is also in favor of new laws. More than a decade ago in 2008, voters in the state passed a medical cannabis measure that established state-registered cannabis growers who could offer marijuana to their state-registered patients. The poll was conducted by the Michigan Cannabis Manufacturers Association ("MCMA"), which has supported various legislations that would change the state’s medical cannabis laws. This organization is made up of some of the biggest commercial businesses…

MondaySep 27, 2021 9:00 am

Sugarmade Inc. (SGMD) Closes on Property Acquisition, Will Use LA Spot as Nug Avenue Delivery Hub

Cannabis-delivery acquisitions increasing as companies want in on explosive growth of e-commerce cannabis sales CEO announces newly acquired property will serve as location of new SGMD Nug Avenue delivery hub Sugarmade signed MOU for licenses to serve as essential piece of plan to open three cannabis-related commercial operations in California Amid growing interest and acquisition activity in California’s direct-to-consumer cannabis delivery sector, Sugarmade (OTC: SGMD) has closed on its most recent acquisition, a parcel of prime property in Los Angeles, which it plans to use as a new distribution/delivery hub for its Nug Avenue cannabis delivery segment (https://cnw.fm/50vhI). “The explosive…

MondaySep 27, 2021 4:20 am

420 with CNW — Does Diet Impact CBD Absorption?

Barely a year after cannabidiol (“CBD”) was legalized via the 2018 Farm Bill, millions of people were clamoring to use it. Extracted from industrial hemp, cannabidiol is thought to have a wide variety of medical applications. Although research into its purported medical abilities is still scant, people have been using it to relieve pain, anxiety and skin conditions such as acne and psoriasis, among others. In addition, a few years ago, the U.S. Food and Drug Administration (“FDA”) approved the use of a CBD-based formulation called Epidiolex to treat seizures caused by Dravet Syndrome and Lennox-Gastaut Syndrome. With researchers trying…

FridaySep 24, 2021 4:20 pm

420 with CNW — House Committee Approves Provision Removing Ban on Education Tax Credit for Drug Convicts

Last week, the House Ways and Means committee passed a budget reconciliation legislation that contains a provision to remove a ban which hinders individuals with drug convictions from using education-related tax credits. The committee agreed to remove the restriction, which prevents people with felony drug convictions at the federal or state level from claiming the American Opportunity Tax Credit. Individuals are currently allowed to claim this tax benefit for expenses paid for course materials, fees and tuition for higher learning. The provision was enacted in 2009. Rep. Danny Davis has been calling for an end to it, with Sen. Chris…

FridaySep 24, 2021 9:30 am

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Ideally Situated in Burgeoning Cannabis Beverage Sector

EMR report projects that North America is likely to be fastest, largest marketplace for cannabis beverages Cannabis beverage industry projected to grow at CAGR of 48% in the next five years, reaching an anticipated $12.7 billion by 2026 BevCanna manufactures its own beverage product lines, offers white-label services to companies looking for the highest-quality products available North America will be a leader in the global cannabis beverage market, according to a recent Expert Market Research (“EMR”) report (https://cnw.fm/QAPcL). This projection bodes well for BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health & wellness beverage and natural products…

FridaySep 24, 2021 9:30 am

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Solution for Faster and More Effective Drug Delivery

One of the main challenges with drug delivery and the overall effectiveness of the drugs is first-pass metabolism/excretion Lexaria solves this problem with its DehydraTECH(TM) drug delivery technology Since the company began working on this technology back in 2014, it has made major strides in the delivery of hypertension and anti-viral treatments Since its inception, Lexaria Bioscience (NASDAQ: LEXX) has remained committed to enhancing the speed and overall efficiency of orally delivered fat-soluble active molecules in drugs. With its drug delivery technology, DehydraTECH(TM), the company has aided in developing hypertension and anti-viral treatments (https://cnw.fm/xwiio). This is a big achievement for…

FridaySep 24, 2021 4:20 am

420 with CNW — Survey Finds Young People Are Switching to Hallucinogens, Cannabis

A new survey has found that patterns of substance use are changing among the younger generation, with the use of hallucinogens and cannabis rising while alcohol is becoming increasingly unpopular. The survey was designed to offer insight into the trends of national drug use among young adults annually and began gathering data in the mid-1970s. These findings were reported in “Monitoring the Future,” a publication by the Institute for Social Research at the University of Michigan. The results show that the use of cannabis last year continued to rise, as observed in previous years, with the use of hallucinogens such…

ThursdaySep 23, 2021 4:20 pm

420 with CNW — 80 Leading Law Enforcement Officials Call on Supreme Court to Take on Safe Drug Injection Case

America’s response to the drug-abuse epidemic has been woefully inefficient and, according to most experts, counterproductive. Since 1999, nearly 841,000 people have died from a drug overdose, and the country’s choice to address drug abuse and addiction as a criminal issue rather than a health matter has only exacerbated the problem. As it is widely acknowledged that the war on drugs was an unmitigated failure, drug-reform experts have proposed numerous public health-focused solutions that would see individuals suffering from drug addiction are given the proper medical care they deserve. One of these solutions has been quite controversial and faces an…

ThursdaySep 23, 2021 9:40 am

Simply Sonoma Inc. Establishing Organic Presence in Multibillion-Dollar CBD Industry

Statista report notes that the global cannabidiol market size is expected to expand at a compound annual growth rate of 21.2% from 2021 to 2028 Increasing awareness of CBD’s therapeutic benefits have influenced buyers to buy cannabidiol products, regardless of their cost Simply Sonoma, a CBD company focused on building a reputation as a leader in plant-based medicinal health and beauty products A recent Yahoo.finance article touted the growth of the CBD market, a sector that has seen steady growth even during the pandemic (https://cnw.fm/0O8Oi). Titled “CBD Market to Grow to $16 Billion by 2026 — Should You Invest?,” the…

ThursdaySep 23, 2021 9:00 am

Sugarmade Inc. (SGMD) Signs Agreement to Gain Key Licenses for Planned Cannabis Delivery Expansion

SGMD anticipates using the licenses for three new vertically integrated Nug Avenue cannabis delivery hubs Each of the licenses can be used for up to three of five categories of licensed cannabis-related business activities Definitive agreement aligns with announcement that Sugarmade has acquired LA property for first of new Nug Avenue cannabis delivery hubs In its continued focus on building is cannabis delivery interests, Sugarmade (OTC: SGMD) has signed a definitive agreement to obtain three nonstorefront California cannabis licenses from the Los Angeles Department of Cannabis Regulation (“DCR”), along with corresponding licenses from the California Bureau of Cannabis Control (“BCC”)…

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Author: Chris@CNW