NewsRoom Articles - Page 116 of 603

ThursdayMay 18, 2023 4:20 am

420 with CNW — How Governments’ Greed for Taxes Is Frustrating Legal Cannabis Sales

The question of whether individuals should be allowed to use drugs recreationally, particularly marijuana, has long been up for discussion. Advocates claimed that legalizing these drugs would reduce their availability on the black market. Prices would decrease, and gangs and organized crime, which have long benefited from the movement and sale of illicit substances, would decline. However, this has not changed anything. Cannabis still retains the same legal status under federal law. According to the DEA, marijuana is still classified as a Schedule I restricted drug because there is no federally acknowledged medicinal use for it in the United States.…

WednesdayMay 17, 2023 4:20 pm

420 with CNW — How New York Cannabis Companies Are Getting Creative to Lure Customers

The new legal market for marijuana in New York is growing, and with this comes an increase in demand. To help keep up, businesses in the state are finding new ways to turn marijuana into a range of products, including edibles such as chocolates and gummies. Smokiez’ National training manager Maddi Burch stated that edibles had become more popular as they appeal to those who didn’t smoke. The demand for gummies at dispensaries in the state is particularly high, which has led many businesses to boost production. For marijuana to be turned to edibles, it must undergo an extraction process.…

WednesdayMay 17, 2023 4:20 am

420 with CNW — Missouri’s Adult-Use Market Thriving Three Months After Launch

Missouri launched recreational cannabis sales earlier in February, following approval of Amendment 3 in November 2022. This, according to a report by Brightfield Group, is the second fastest turnaround in the United States, only two weeks behind the record set by Arizona. Thus far, Missouri has raked in $350 million in sales for both medical and recreational cannabis, according to data released by the Missouri Department of Health and Senior Services. Last month, the state brought in $91 million in recreational cannabis sales. This is on par with the $93.5 million in revenue generated in March and an increase from…

TuesdayMay 16, 2023 4:20 pm

420 with CNW — Illicit Marijuana Worsens Water Crisis in California

The illegal cannabis trade in California is so tenaciously entrenched that it not only undercuts the legal market but is also responsible for some of the most flagrant water theft in the whole world. The estimated $8 billion illegal marijuana sector uses astonishing amounts of the scarce resource, despite the state legalizing recreational marijuana in 2016. It has been reported that some individuals haul in stolen water, while others steal it from fire hydrants or dig unauthorized wells. The issue has been made worse by years of intermittent drought in the state. John Nores, the former head of the California…

TuesdayMay 16, 2023 9:45 am

Lift Toronto 2023 Cannabis Conference & Expo Promises to Energize, Inspire, Educate, and Motivate Audiences from Across the Cannabis Ecosystem

In October 2018, Canada became the first developed country to legalize recreational cannabis for adult use (https://cnw.fm/CnFvC). Aimed at curbing the illicit trade of the drug and launching a new source of economic growth, this move is playing a significant role in the economy. For instance, Deloitte’s study, which considered the direct, indirect, and induced economic activities, estimated that the industry had contributed US$43.5 billion to Canada’s economy between legalization and 2021 (https://cnw.fm/2CPiB). And as the country counts down to the fifth anniversary this October, the figure is expected to be higher, making the upcoming Lift Toronto 2023 Cannabis Conference…

TuesdayMay 16, 2023 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Kicks Off FDA IND Filing Process with Granted CRO Contract to California-Based InClin, Inc.

Lexaria just awarded InClin, Inc. the contract for CRO services, in a move that lines up with the company’s upcoming FDA-registered, U.S. Phase 1b IND hypertension study, HYPER-H23-1 InClin will manage the study in the form of clinical site evaluation and selection, project management, personnel, site training, and more Patient dosing is set to kick off as soon as possible once the expected FDA IND filing and review is completed, which Lexaria hopes will be done this summer HYPER-H23-1 will be Lexaria’s most ambitious study yet, and upon its completion, it will move the company closer to FDA approval of…

TuesdayMay 16, 2023 4:20 am

420 with CNW — U.S. Border Patrol Agents Cautioned Against Using CBD Products

The U.S. Customs and Border Protection agency is warning its workers and their family members to say no to CBD. CBD (cannabidiol) is one of the two primary compounds found in marijuana. However, unlike THC, which induces a high when ingested, CBD does not. In a recently published advisory, the agency highlighted some issues associated with this compound, highlighting that CBD products were still unregulated and could contain THC that can be detectable using a drug test. It should be noted that the agency isn't forbidding its workers from using CBD products derived from hemp, because the substance was legalized…

MondayMay 15, 2023 4:20 pm

420 with CNW — Thai Cannabis Companies Say US-Grown Marijuana Is Threatening Their Businesses

Almost a year after the decriminalization of marijuana amid hopes of a boom in the economy, Thai cannabis cultivators and sellers allege that illegal imports from the United States that sell for a much lower price than the country's buds are affecting their businesses. Thailand delisted marijuana from its list of prohibited substances in June of last year. This came about as a result of a significant effort by Anutin Charnvirakul, the health minister, to position the nation as a global powerhouse for medical marijuana. However, the long-awaited marijuana bill has not yet been approved by Thailand's parliament, which has…

MondayMay 15, 2023 4:20 am

420 with CNW — CDC Study Reports Teen Cannabis Use Decreasing as Legalization Spreads

Recent federal data reveals that rates of marijuana usage among high school students have decreased even as more states legalize the drug. The Youth Risk Behavior Survey (YRBS) from the Centers for Disease Control and Prevention (CDC), which was released last week, indicated that teen usage of all substances tracked, including alcohol, prescription drugs and marijuana, has fallen linearly over the past 10 years. The federal analysis reveals that marijuana use among high school kids was high between 2009 and 2013 — before legal cannabis outlets began to open — but it has since been generally declining. Voters passed the…

FridayMay 12, 2023 4:20 pm

420 with CNW — Labor Peace Agreements May Be Good for the Marijuana Industry

Marijuana companies operate in rapidly changing and highly competitive environments, which means that labor disputes can considerably impact their business operations, leading to reputational damage, losses in revenue and even sanctions. Labor peace agreements are agreements between bona fide labor organizations and a commercial marijuana licensee or license applicant. These agreements start a labor peace period where the employer agrees to not take part in actions that may undermine the ability of the union to organize the workforce while unions agree to not picket, strike or disrupt business operations in any other way. The agreements also help promote long-term sustainability,…