NewsRoom Articles - Page 159 of 622

TuesdayJan 10, 2023 4:20 am

420 with CNW — GOP Congresswoman Files Measure to Amend IRS Code So Cannabis Businesses Can Obtain Tax Relief

Last week, a legislation that would allow legal and licensed operators in the cannabis industry to receive federal tax deductions that are offered to other businesses was introduced in Congress. The bill, which was introduced by Representative Nancy Mace, seeks to revise section 280E of the Internal Revenue Service code. Section 280E prohibits businesses involved in activities comprised of trafficking in substances classified under the Controlled Substances Act such as marijuana, from receiving tax credits or deducting expenses from their taxes. This is despite the fact that these entities are still required to pay taxes like other businesses. This section…

MondayJan 09, 2023 4:20 pm

420 with CNW — Six Marijuana Trends to Watch for in 2023

There is an air of optimism at the turn of every new year, and the marijuana industry isn’t left behind. Cannabis business moguls are optimistic that profitable trends shall emerge for the industry’s fiscal year 2023. Last year saw some lows for the industry, from limited capital lending and investment to inflation and other factors. The new year starts with great hopes for the industry, and the market can look for several trends as the year progresses. Some 2023 trends to look out for in the cannabis industry include the following: Key market consolidation The COVID-19 business boom created the…

MondayJan 09, 2023 3:11 pm

Cannabis Drinks Expo Conference Tickets Go LIVE

Get launch pricing January 9, 2023 to January 13, 2023 Cannabis Drinks Expo returns to San Francisco and Chicago with a launch offer for its conference that you don’t want to miss. Conference tickets will go on sale on January 9 and for the first 5 days of the launch, there will be a sale offering you the lowest ticket price for the Cannabis Drinks Expo show. Keep reading to learn more about who will be speaking and how it will help your business. There will be 16 speakers that will take the stage between 8 keynotes and 2 panels…

MondayJan 09, 2023 10:30 am

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) DehydraTECH(TM)-Processed CBD Can be Administered More Effectively at Lower Levels than Other CBD, Boosting Hope for Hypertension Patients

Lexaria, a global innovator in drug delivery platforms, has developed the patented DehydraTECH(TM) platform technology, which has been shown to increase the bio-absorption of various fat-soluble active molecules and drugs In a recently completed study, Lexaria showed that DehydraTECH-processed CBD had exceptional safety and tolerability profile in addition to resulting in a statistically significant lowering of 24-hour ambulatory blood pressure The company also reported that it had demonstrated superior CBD blood absorption levels in its HYPER-H21-4 study from DehydraTECH-CBD relative to those of published comparators At the lowest (3.38 mg/kg) and highest (4.46 mg/kg) dose levels tested, DehydraTECH-CBD resulted in…

MondayJan 09, 2023 4:20 am

420 with CNW — New York Launches First Legal Adult-Use Cannabis Dispensary

Last week, the state of New York launched its first legal dispensary for recreational cannabis. The dispensary, which is operated by Housing Works, is the first legal shop in what is expected to be one of the most profitable markets for marijuana in the country. Housing Works is a not-for-profit organization that is minority controlled and serves individuals who were formerly incarcerated as well as the homeless and individuals diagnosed with HIV and AIDS. New York legalized the recreational use of marijuana in March 2021. However, unauthorized sellers have been selling the drug for years. Consumers’ purchasing regulated and high-quality…

FridayJan 06, 2023 4:20 pm

420 with CNW — Connecticut Clears Some 43,000 Cannabis Records Before Recreational Sales Begin

Connecticut Governor Ned Lamont recently declared that the state has expunged roughly 43,000 convictions for marijuana-related offenses. The state government was given the authority to promote widespread cannabis clemency under legislation that Governor Lamont (D) signed in 2021, and it has since handled 42,964 cases. This number was reached approximately a week before the start of the state's initial legal adult-use marijuana sales. Lamont noted that the state was one step closer to winning the battle on drugs and allowing residents a fair shot to realize their ambitions. The governor's office has also noted that under a distinct reform bill that…

FridayJan 06, 2023 11:15 am

Flora Growth Corp. (NASDAQ: FLGC) Acquisition of Franchise Global Health Completed, Rapid Jump in Potential for European Cannabis Sales

International cannabis operator Flora Growth Corp. is rapidly expanding its global footprint and Colombia-based international supply chain thanks to strategic acquisitions during the past several months Flora’s most recent acquisition was concluded just before Christmas on finalization of an agreement with multi-national operator Franchise Global Health Inc. that strengthens Flora’s position in Europe Franchise Global Health (“FGH”) serves 1,200 pharmacies in Germany, which the companies regard as the doorway to the rest of Europe, and it also has a footprint in Portugal and Denmark, while Flora Growth has completed exports to Switzerland and the Czech Republic Flora reported a 604…

FridayJan 06, 2023 4:20 am

420 with CNW — NORML Analysis Reveals Significant Uptick in Cannabis Research in 2022

Researchers have been busy, publishing more than 4,300 scientific papers on marijuana, making 2022’s tally a new record for annual cannabis research published. It is said that cannabis and its components are the most understudied, yet they have attracted plenty of researchers’ attention in current times. With cannabis being a federally illicit substance, studying it would be most agreeable to most people, especially given that more states are legalizing marijuana in one form or another. Largely, a societal misconception has it that cannabis is not extensively studied hence a lot of myths carry the day as far as policy reforms…

ThursdayJan 05, 2023 4:20 pm

420 with CNW — Google Lifts Ban on Ads for Hemp, CBD Products in Some US Jurisdictions

Google plans to lift a ban on advertising certain CBD and hemp products in some parts of America in January 2023. In an announcement made last week, the global technology company confirmed that it would permit the advertising of cannabis products in Puerto Rico, Colorado and California by updating its list of dangerous medicines products, services and healthcare. The company stated that the FDA’s approval of hemp-sourced CBD products containing 0.3% or less THC level as well as pharmaceuticals containing CBD meant that the products could now be advertised in the aforementioned jurisdictions. Google added that while CBD would be…

ThursdayJan 05, 2023 4:20 am

420 with CNW — Schumer Promises to Fight for Federal Cannabis Decriminalization in 2023

After reformers encountered several defeats in December, Senate Majority Leader Chuck Schumer has pledged to continue working toward decriminalizing marijuana on a federal level next year. Schumer gave a speech in the Senate in which he praised the efforts of Reggie Babin, a senior staffer who has been leading the charge for marijuana policy reform legislation. He promised to carry on with Babin's work and legacy, mentioning a few things that Babin had wished to accomplish, such as aiding in the decriminalization of marijuana. Even though Schumer, Senator Cory Booker (D-NJ) and Senator Ron Wyden produced a comprehensive cannabis legalization…