NewsRoom Articles - Page 139 of 596

MondayDec 05, 2022 4:20 pm

420 with CNW — Gallup Data Suggests Young Americans Are More Likely to Use Marijuana Than Tobacco

Cigarette smoking in the United States has been on a decline since 1964 when adult smoking prevalence rates peaked. As the population has become more cognizant of the health risks of smoking, fewer young people have picked up the habit. By 2020, only 13 out of every 100 adults in America (12.5%) smoked regularly. A new report from Gallup has now revealed that young Americans are two times more likely to report smoking cannabis compared to tobacco cigarettes. Gallup analyzed survey data on marijuana and tobacco use among adults from 2001 to 2022, finding that past-week tobacco use by adults…

MondayDec 05, 2022 11:15 am

REZYFi, Inc. Eyes Developing Californian Cannabis Market Amid Approval of Ballot Measures to Expand Retail

California voters recently approved 12 local ballot measures in the 2022 midterm elections to either expand or create cannabis markets in a dozen municipalities These approvals, it is projected, will translate to over 70 new retail licenses and countless other business opportunities for plant-touching and ancillary companies that serve those retailers Having positioned itself as one of the first cannabis mortgage bankers in the United States, REZYFi’s management is confident that these approvals, coupled with the growing conversation around marijuana and its growing expansion into additional states, will significantly strengthen its brand recognition and equity The company looks to accumulate…

MondayDec 05, 2022 4:20 am

420 with CNW — Marijuana Growers Face New Challenges as Washington State Clocks a Decade of Legalization

Voters in Washington state chose to legalize recreational cannabis a decade ago, opening the state up to a multibillion-dollar industry that has seen significant growth in just a few short years. But, even though the adult-use cannabis industry has proven to be quite lucrative with retailers in Washington state selling around $1.5 billion to $1.7 billion worth of cannabis in 2022, the industry is not without its challenges. A decade after legalizing recreational cannabis sales, Washington’s cannabis industry still faces a myriad of problems that have prevented the space from fully realizing its potential. For starters, there is a crippling…

FridayDec 02, 2022 4:20 pm

420 with CNW — Massachusetts Company Creates Marijuana Gummy to Help Weight Loss

Many people tend to connect marijuana to “the munchies” and appetite boosting, but a Wareham, Massachusetts, company is proving that its marijuana edible can not only suppress appetite but also provide an energy boost that will help you coast through your workout session. Coast Cannabis, founded by a husband-and-wife team (Brian Cusick and Angela Brown), makes marijuana gummies that give their consumers an unmistakable energy boost. While speaking about how their unique edible came to be, Brown reveals that she ate the gummy while getting ready to head to the gym and felt a burst of energy that lasted throughout…

FridayDec 02, 2022 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Moves Forward With Exploration of Patented DehydraTECH(TM)-Processed CBD for Dementia

Approximately 55 million people worldwide have dementia, which is expected to grow to 78 million by 2030 The dementia treatment market was valued at $13.78 billion in 2021. The market is expected to grow at a CAGR of 8.32%, resulting in a value of $26.13 billion by 2029 Clinical studies have established a connection between hypertension and dementia With DehydraTECH(TM)-CBD already evidencing that it can lower blood pressure and its propensity to cross the blood-brain barrier, Lexaria is investigating the potential for a positive outcome in the DEM-A22-1 study According to the World Health Organization (“WHO”), dementia is the seventh…

FridayDec 02, 2022 4:20 am

420 with CNW — Federally Financed Study Finds Cannabis Legalization Doesn’t Increase Use Among Teens

The cannabis industry has proven to be extremely lucrative, generating billions of dollars in taxes and creating hundreds of thousands of job opportunities. For the past two decades, states across the country have passed legalization measures and allowed cannabis sales to cash in on the profits. More than 20 states now allow adults aged 21 and over to purchase and consume recreational cannabis at registered retailers. However, efforts to legalize the controversial plant were regularly met with resistance from critics who argued that legalizing cannabis sales would significantly escalate drug use among the youth and lead to increased criminal activity.…

ThursdayDec 01, 2022 4:20 pm

420 with CNW — Lawmakers Scramble to Secure Agreement on Marijuana Banking During Lame Duck Session

The reality that the House of Representatives will be controlled by Republicans in the coming Congress has created a sense of urgency among legislators who want to see marijuana banking legalized. These advocates are working feverishly to garner support so that a deal is reached during this lame duck session of Congress. Otherwise the prospects are dim if this opportunity is missed. Members from both sides of the political divide are working tirelessly to secure a compromise position between those who say that the banking bill doesn’t go far enough and those at the other end who think it goes…

ThursdayDec 01, 2022 4:20 am

420 with CNW — NY Selects Companies to Construct Social Equity Cannabis Business Premises

America’s state-level cannabis reform movement has put plenty of consideration into ensuring that individuals from marginalized communities are given a chance to participate in the billion-dollar industry. It’s no secret that the war on drugs, and cannabis policing to be more specific, had a disproportionately negative effect on members of Black and Brown communities. Black people are much more likely to be arrested and receive harsher sentences for cannabis offenses compared to white people despite similar use rates. Social equity provisions in marijuana legalization bills were meant to give individuals from these communities a leg up in the industry and…

WednesdayNov 30, 2022 4:20 pm

420 with CNW — Nevada Regulators to Hold Cannabis Consumption Lounge License Lottery

Marijuana industry regulators in Nevada announced on Thanksgiving eve that they would be holding two lotteries to select the first companies to receive licenses to operate standalone marijuana consumption lounges. These lotteries will be held on Wednesday, Nov. 30, 2022. In total, 20 licensees will be selected, out of which 10 will be social-equity applicants while the other 10 will be companies that don’t fall into the social-equity category. There will be a lottery for each of these two types of licensees. Random number selection machines will be used during those draws, the Cannabis Compliance Board (CCB) announced. The regulators…

WednesdayNov 30, 2022 12:00 pm

REZYFi, Inc.’s Financing Services Filling Funding Gap for Cannabis Entrepreneurs, Real Estate Owners

REZYFi is a growth mortgage origination and specialized financing company in the U.S. that primarily serves licensed and permitted cannabis companies and owners of real estate who lease to cannabis companies Entrepreneurs have for a long time faced barriers to starting cannabis businesses, including lack of access to capital, a two-tiered regulatory system, and an uneven playing field Some cities in states where medical and recreational use of marijuana is legal are working to eliminate the barriers to entry, such as Sacramento, California’s CORE program The CORE program offers benefits such as business plan development, coaching on access to capital,…

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