Chris@CNW, Author at CannabisNewsWire

MondayMar 25, 2024 12:00 pm

Software Effective Solutions Corp. (SFWJ) Completes Key Acquisitions, Is Committed to Becoming Cannabis Market Leader

MedCana adds to portfolio with strategic acquisition of two cannabis companies First acquisition represents “leap forward” in SFWJ’s commitment to innovation, excellence within the cannabis sector Second company holds key production, processing and exportation licenses that will strengthen MedCana’s operational chain Software Effective Solutions (d/b/a MedCana) (OTC: SFWJ) is growing its footprint in the cannabis space through savvy acquisitions. In the past few months, MedCana, a leading holding company in the cannabis industry, has announced two new acquisitions as the company keeps its eye on making strategic additions to its portfolio. Last month, the company announced that it was in…

MondayMar 25, 2024 10:30 am

Zoned Properties Inc. (ZDPY) Seizing Real Estate Opportunities in Growing Cannabis Industry

Cannabis industry retail opportunities growing amid evolving regulations, increasing consumer demand, and shifting public attitudes Demand for specialized, direct-to-consumer properties includes dispensaries, manufacturing or processing centers, and distribution hubs ZDPY is a technology-driven property investment company that focuses on securing direct-to-consumer real estate opportunities in the regulated cannabis market ZDPY has recently secured and acquired investment properties in Michigan, Arizona, and Illinois with 100% occupancy and a weighted average lease term of 10+ years All ZDPY properties are occupied by commercial cannabis tenants, company anticipates $2.5+ million from its property investment portfolio in 2024 Changing regulations and attitudes towards cannabis…

MondayMar 25, 2024 10:00 am

Survey Finds 7 in 10 Canadians Buy Cannabis from Legal Sources

A recently conducted survey has determined that the number of Canadians purchasing marijuana legally has increased. Data published by Statistics Canada earlier this month shows that more than two-thirds of marijuana consumers are buying the drug legally. The survey received responses from 5,185 adults 25 to 44 years of age and 2,251 individuals aged 18 to 24. It determined that within the last 12 months, almost 72% of those surveyed exclusively purchased marijuana from legal markets. When queried why they bought from legal sources, 38% of respondents stated that they did so because of product safety, nearly 13% wanted to…

FridayMar 22, 2024 4:20 pm

420 with CNW — Massachusetts Governor Announces Plan to Pardon Low-Level Cannabis Convicts

Governor Maura Healey of Massachusetts has revealed plans to pardon all individuals with simple cannabis possession charges in the state. It is expected that the move will impact a significant number of people. During a recent press conference, Healey stressed the importance of the announcement, noting that it is among the largest marijuana pardons that a U.S. governor has ever declared. She stated, “We’re doing this simply because justice demands it.” Although exact numbers on how many people are impacted by the pardon are unknown, Healey hypothesized that the number may potentially reach hundreds of thousands throughout the state of…

FridayMar 22, 2024 10:00 am

Companies Sue Federal Government, Saying Cannabis Prohibition Isn’t Premised on Rationality

A recently filed lawsuit argues that the ongoing prohibition of marijuana has no rational basis. The lawyers representing a group of cannabis companies have based their argument on the federal government’s current approach on the matter. They argue that legislators and the executive branch have deserted their mission to eliminate illegal interstate commerce of marijuana, which was enforced with the establishment of the Controlled Substances Act. The lawyers note that with more states legalizing and regulating recreational and/or medical marijuana and offering consumers safe and local access to the drug, they are actively decreasing illegal interstate commerce as more individuals…

ThursdayMar 21, 2024 4:20 pm

420 with CNW — Bipartisan Lawmakers Express Concern About Persisting Barriers to Marijuana Research

Two bipartisan Congress lawmakers have expressed serious concerns about the slow progress in implementing a measure that President Joseph Biden signed into law aimed at simplifying cannabis research procedures. Representatives Andy Harris from Maryland and Earl Blumenauer from Oregon sent a letter to the heads of the U.S. Health and Human Services (HHS) and the U.S. Drug Enforcement Administration (DEA) seeking clarification on how marijuana research should be facilitated under the Medical Marijuana and Cannabidiol Research Expansion Act signed into law by the president in 2022. Harris and Blumenauer, despite their differing views on more general marijuana policy matters, collaborated…

ThursdayMar 21, 2024 9:00 am

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) DehydraTECH(TM)-CBD Achieves 7% Weight Loss; Sets Stage for 8-week Diabetes and Weight Loss Animal Study

Lexaria, a global innovator in drug delivery platforms, highlighted results from its DIAB-A22-1 animal study, highlighting a 7% reduction in weight and a 19.9% reduction in blood glucose With this success, Lexaria looks to kick off its WEIGHT-A24-1 animal study to examine diabetes and weight loss effects of its patented DehydraTECH(TM)-processed GLP-1 drugs and DehydraTECH-processed CBD The study will comprise 12 arms and involve 72 animals. It will run for a total of 12 weeks This study will build on previous studies that evidenced DehydraTECH’s potential to enable greater penetration of GLP-1 drugs into the brain tissue Lexaria Bioscience (NASDAQ:…

WednesdayMar 20, 2024 4:20 pm

420 with CNW — Study Finds CBD Could Ease Stress, Irritability Linked to Menstruation

A recent study investigated the potential effects of CBD on symptoms related to menstruation, finding that oral doses of CBD helped alleviate various symptoms such as stress, anxiety and irritability compared to participants’ initial conditions. However, depression levels remained unchanged throughout the study period. The research study marks the first of its kind to explore the impact of cannabidiol specifically on menstrual-related symptoms (MRS) and general irritability. The findings indicated notable reductions in MRS, stress, irritability and anxiety after three months of CBD use compared to baseline measurements. According to the authors, the results suggest that CBD could serve as…

WednesdayMar 20, 2024 10:00 am

Congressional Committee to Hold Hearing on Psychedelics, Medical Cannabis Bills for Veterans

This week a congressional committee will be considering two measures on psychedelics and medical cannabis for military veterans. The House Veterans’ Affairs Health subcommittee will be discussing a measure that would require the veterans’ affairs department to carry out and support studies on the safety and effectiveness of forms of marijuana for post-traumatic stress disorder and chronic pain, among other eligible conditions. The measure, called the Veterans CARE Act, was sponsored by Representative Mariannette Miller-Meeks. The legislation also stipulates that the research conducted must include extracts and plants, at least three varieties of marijuana with varying concentrations of CBD and…

TuesdayMar 19, 2024 4:20 pm

420 with CNW — New Study Suggests Cannabis Handouts Could Curb Drug Overdose Fatalities

A new study published in the “Journal of Harm Reduction” proposes that distributing free marijuana through harm-reduction groups could significantly decrease drug overdose fatalities and enhance the well-being of users. The study, focusing on a cannabis donation initiative in rural Michigan, marks the pioneering documentation of the harm-reduction approach in the United States, suggesting its potential sustainability contingent upon state regulations. While acknowledging existing obstacles in marijuana distribution and regulation policies, study authors emphasize the perceived advantages recognized by harm-reduction practitioners. Those advantages include reduced premature mortality, enhanced life quality, pain alleviation, better recovery prospects and heightened safety for both…

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Author: Chris@CNW