NewsRoom Articles - Page 152 of 605

FridayNov 11, 2022 4:20 am

420 with CNW — Biden Praises Cannabis Pardons While Emphasizing That Relief is Only for Possession Charges

Recently President Joseph Biden gave a speech on his administration’s actions to relieve student debt. At the end of his speech, the president talked about his clemency proclamation on marijuana, noting that he recognized the issue’s popularity, especially among young voters. President Biden stated that he was keeping his promise that no individual should be jailed for possessing cannabis, emphasizing this pardon only applied for possession and adding that these records needed to be expunged. The clemency action, which only impacted resident/legal alien offenders and U.S. citizens who had committed federal marijuana possession offenses, has been criticized by advocates who…

ThursdayNov 10, 2022 4:20 pm

420 with CNW — NIDA Director Says Drug War Resulted in Structurally Racist Systems

National Institute on Drug Abuse (NIDA) director Nora Volkow isn’t one to mince her words, and her recent utterances about the effects of the failed war on drugs are stirring debate about how much longer the federal government can remain inactive on matters of ending cannabis prohibition. During an interview by NIH Medline Plus Magazine, the NIDA director said that the criminalization of individuals who use drugs has had the effect of creating structurally racist systems which have allowed society to treat some sections of the population, especially Blacks, in a way that is worse than the way in which…

ThursdayNov 10, 2022 11:15 am

Specialized Market Lender REZYFi, Inc. Believes They Have Real Opportunity Amid Challenges Faced by Traditional Lenders

While economies worldwide are struggling to control spiking inflation rates, REZYFi, a mortgage lender servicing non-traditional as well as other loans, sees unique financial opportunities Through the use of proprietary automated machine learning and associated technologies, together with preparations to launch a high-margin cannabis division later this year to serve an industry in need of loan origination options, REZYFi is working to grow its operation RZFI is licensed in more than 30 U.S. states and expects to expand its loan origination services to all remaining states in coming months Economic challenges resulting from governmental efforts to tame inflation could in…

ThursdayNov 10, 2022 4:20 am

420 with CNW — California Governor Wants Cannabis Farmers to Be Nationwide Suppliers

In a recent video, Gov. Gavin Newsom of California stated that he’d like to see cannabis legalized federally, so marijuana farmers in the state could legally supply the plant to the rest of the country. Under current federal prohibition, commercial exports of cannabis leaving California’s borders are deemed to be illegally trafficked goods. The video was played at the Oakland International Film Festival, which was held in September 2022. During the festival, activists previewed a documentary on the cannabis reform movement’s local history, which featured the California governor. Gov. Newsom thanked the advocates for helping the state legalize marijuana in…

WednesdayNov 09, 2022 4:20 pm

420 with CNW — Bipartisan Legislators Push Federal Government to Free American Jailed in Russia

Twenty-five members of Congress from both sides of the political aisle have signed a letter requesting President Joe Biden’s administration, and particularly the State Department, to ramp up diplomatic actions aimed at securing the freedom of an American citizen who is currently in a Russian jail for possessing medical cannabis. The bipartisan letter is spearheaded by Democratic Senator Bob Casey from Pennsylvania, Republican Representative Guy Reschenthaler from Pennsylvania and Democratic Representative Conor Lamb, also from Pennsylvania. The American in question, Marc Forgel, had a 14-year custodial sentence slapped on him after he pled guilty to possessing a small amount of…

WednesdayNov 09, 2022 9:00 am

Flora Growth Corp. (NASDAQ: FLGC) Defines Path to Profitability and Portfolio Expansion with Proposed Franchise Global Health Inc. Acquisition

Flora Growth signed a definitive agreement with FGH to acquire 100% of all issued and outstanding shares by way of a statutory plan of agreement The deal is expected to close in December following the presentation of the agreement to shareholders; the acquisition will open Flora to the German and EU medical markets, increasing the company’s international revenue and providing essential distribution to German pharmacies and a growing wholesale market FGH’s acquisition adds to Flora’s expanding list of subsidiaries which currently comprise Vessel Brand Inc. and JustCBD, among others, and it is expected to deliver at least $3 million in…

WednesdayNov 09, 2022 4:20 am

420 with CNW — Another Study Indicates Cannabis Legalization Reduces Risks of Exposure to Tainted Vapes

In 2019, there was an outbreak of lung injuries and some fatalities linked to the consumption of contaminated vape products, many of which had vitamin E acetate added to them. A new study, conducted by a joint team of Johns Hopkins University, the American Heart Association and New York University, has found that those EVALI cases were more prevalent in states that had prohibitionist laws as compared to states with legal marijuana markets. The researchers analyzed data sourced from the Centers for Disease Control and Prevention as well as data from Behavioral Risk Factor Surveillance System (BRFS). Both data sets…

TuesdayNov 08, 2022 4:20 pm

420 with CNW — Schumer Reveals That Cannabis Banking, Expungements Law Is Close

During a recent debate hosted by Spectrum News, Senate Majority Leader Chuck Schumer stated that Congress was very close to introducing and approving a cannabis measure with provisions to cover banking access for legal businesses and expungements of past convictions. When asked about a separate bill to legalize marijuana that he’d filed earlier this year and whether he felt it would have made more sense to promote more studies into cannabis before putting an end to prohibition, Schumer stated that while research was extremely important, most states had already approved marijuana legalization, which meant that the policy was inescapable. The…

TuesdayNov 08, 2022 11:15 am

REZYFi, Inc. Leverages Cannabis Industry Interests to Diversify Banking and Real Estate as DCC Prioritizes Research Project Funding

The California Department of Cannabis Control (“DCC”) has reserved $20 million in funding for research prioritizing cannabis projects, including potency, health impact, medicinal use, legacy cannabis genetics, and industry health The medicinal and recreational cannabis market size in the US is anticipated to reach $33 billion in 2022, with a revenue outlook of $52.6 billion by 2026 REZYFi Inc., through two wholly-owned subsidiaries, is positioned to be the first cannabis mortgage banker in the United States The state of California Department of Cannabis Control has reserved $20 million in funding for research that prioritizes numerous cannabis topics, including potency, health…

TuesdayNov 08, 2022 10:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Aiming to Address Unmet Patient Needs of Hypertensive Patients

Lexaria just completed its HYPER-H21-4 human clinical hypertension study, posting a sustained drop in blood pressure in normally active hypertensive patients With the success of this study, the company is working towards an IND application to seek FDA approval for its patented DehydraTECH(TM)-enabled CBD capsule formulation. 47% of adults live with hypertension but only 24% of them have it under control With its DehydraTECH-CBD, Lexaria hopes to not only address the severe unmet patient need associated with hypertension but also tap into a market that is set to be valued at $34 billion by 2030 Lexaria Bioscience (NASDAQ: LEXX), a…

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