NewsRoom Articles - CannabisNewsWire

FridayJan 28, 2022 4:20 pm

420 with CNW — State of the State Addresses Full of Praise for Marijuana Programs

Governors from different states in the country have been proclaiming their cannabis reform plans and accomplishments as part of their annual budget requests and State of the State speeches. The proposals and statements from state executives show how marijuana has grown more mainstream, as its being discussed in venues alongside infrastructure, education and taxes. Below are some of the things governors said about cannabis in 2022. South Dakota Gov. Kristi Noem of South Dakota is focused on the proper implementation of the state’s medical marijuana program, which was recently launched. In an interview, Noem stated that she was focused on…

FridayJan 28, 2022 10:00 am

Flora Growth Corp. (NASDAQ: FLGC) Names Cannabis Pioneer as Colombian Facility Advisor as Company Prepares for International Growth

Canada-based Flora Growth Corp. operates cannabis cultivation and extraction processes in-house at its Cosechemos lab and growth facility in central Colombia The company has been building a portfolio of cannabis and wellness products and obtaining a variety of licenses and GMP certifications as it establishes partnerships to economically distribute its portfolio worldwide Flora Growth recently announced the addition of pioneering cannabis genetics innovator Derek Pedro in an advisory role for its Cosechemos facility Pedro will help the company build on its more-than-190 product offerings with cannabis flower cultivation and distribution Cannabis cultivator and worldwide cannabidiol (“CBD”) brand builder Flora Growth…

FridayJan 28, 2022 4:20 am

420 with CNW — One Year On, Advocates Say Biden Hasn’t Acted on Marijuana Promises

President Joseph Biden won office on a mostly progressive platform; he wanted to completely electrify the country’s transport sector and pass modest cannabis reform. Although most drug reform activists would much rather prefer more comprehensive reform, Biden was able to beat former President Donald Trump and take office. Since then, Biden has invested a significant amount of time working on an infrastructure bill that would, among other things, build a public network of charging stations. However, a year after the Democrats clinched the Senate, House and White House, cannabis reform advocates say Biden still hasn’t acted on any of his…

ThursdayJan 27, 2022 4:20 pm

420 with CNW — What the Recreational Marijuana Industry Can Learn from the Tobacco Industry

The recreational marijuana space has grown significantly these past few years. Given its growth rate, however, it’s easy to wonder if there are things that may hinder it from progressing further. To find possible obstructions for this burgeoning industry, one only needs to look at the tobacco industry. Despite the fact that marijuana hasn’t been legalized federally, there are plenty of similarities between the businesses and companies in the tobacco industry and those involved in the recreational marijuana industry. For the legal marijuana industry to continue growing, it is important that the sector doesn’t repeat the same mistakes the tobacco…

ThursdayJan 27, 2022 11:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Emphasizes Oral Cannabinoid Delivery Benefits Following SARS-CoV-2 Study

The study is available for public viewing and is entitled “Cannabinoids Block Cellular Entry of SARS-CoV-2 and the Emerging Variants” (https://cnw.fm/Aq36i) Dr. Richard van Breeman, who headed the independent study, explained that smoking and vaping cannabinoids are ineffective against preventing SARS-CoV-2, whereas oral delivery methods are effective Lexaria has been studying and researching the oral delivery of compounds using its patented DehydraTECH(TM) technology, which enhances bioavailability and absorption, requiring less heat than smoking or vaping and leaving the cannabinoid compounds undamaged Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, commented on an independent January 10 study headed…

ThursdayJan 27, 2022 10:30 am

Sugarmade Inc.’s (SGMD) Progress in 2021 Leads to Strong Position in Growing Cannabis Space Sugarmade Inc.’s (SGMD) Progress in 2021 Leads to Strong Position in Growing Cannabis Space

NA legal cannabis market size projected to grow at CAGR of 16.6% from 2022 to 2028 More than 3,500 peer-reviewed scientific papers studying cannabis were published in 2020 alone SGMD reaches key objectives, seeing key growth in 2021 After a year of impressive progress and growth, Sugarmade (OTC: SGMD) has established an enviable position in the legal cannabis market, a sector that is expected to see an estimated 16.6% growth in the coming years (https://cnw.fm/jxVvI). “The North America legal cannabis market size was valued at USD 12.4 billion in 2021 and is projected to grow at a compound annual growth rate…

ThursdayJan 27, 2022 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Gains Full Cannabis Licensing to Rise in Michigan’s Developing Recreational Use Market

Multi-state cannabis operator Red White & Bloom Brands is developing opportunities strategically in sizable cannabis markets such as Michigan, Florida, Illinois, California, Arizona, Oklahoma and Massachusetts The company recently announced it has secured full licensing for manufacturing both medical and adult use cannabis products in Michigan, one of its key markets Red White & Bloom has closed on a lease assignment for a 15,000-square-foot manufacturing, processing and distribution facility in the state In Florida, Red White & Bloom settled a CAD$5.1 million debt at a favorable conversion price, granting the company an accounting gain of approximately CAD$2.3 million As Michigan…

ThursdayJan 27, 2022 4:20 am

420 with CNW — Study Finds Banking Activity Grows Once a State Legalizes Cannabis

Cannabis businesses often find it difficult to get banks willing to take them on as clients because of the risks posed by the federal prohibition of marijuana. Now new research has found that once a state legalizes cannabis, banking activity increases. While the study doesn’t directly link increased banking activity and state-level cannabis reform, it does imply the existence of the relationship. The study was conducted by researchers from Drexel University, the University of Arizona, Scripps College and San Diego State University. For their study, the researchers looked into banking trends in states that have legalized marijuana, examining the Federal…

WednesdayJan 26, 2022 4:20 pm

420 with CNW — Thailand Reveals Plan to Legalize Recreational Cannabis

Cannabis reform is sweeping across the globe and undoing decades of prohibition. While the West has been the leader in cannabis legislation, the movement hasn’t been constrained to America, Canada and European nations. In Asia, Thailand entered the history books as the first southeast Asian country to legalize cannabis for medical use and in cosmetics and food. Three years after Thailand made history, the country is planning to legalize marijuana and do away with jail terms for people charged with marijuana possession. Thailand’s Food and Drug Administration is poised to propose the removal of the controversial plant from the country’s…

WednesdayJan 26, 2022 12:15 pm

InMed Pharmaceuticals Inc. (NASDAQ: INM) Leveraging on the Growing Cannabinoid-Based Pharmaceuticals Market

The global cannabinoid-based pharmaceuticals market is projected to be valued at $50 billion by 2029 InMed is leading the industry, laying down the foundation in manufacturing and clinical development of rare cannabinoids It is shedding light on the potential of rare cannabinoids and laying the groundwork on how to tap into the industry’s growth It is projected that by 2025, the global cannabis market will be valued at around $146 billion, up from just $20.47 billion in 2020. This sector is experiencing tremendous growth, particularly considering that there are over one hundred known cannabinoids, including rare ones that are quickly…

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