NewsRoom Articles - Page 162 of 616

TuesdayNov 15, 2022 4:20 am

420 with CNW — Federal Judge Dismisses Suit Challenging Ban on Gun Rights for Medical Cannabis Patients

There are an estimated 3.6 million registered medical cannabis patients in the United States with slightly more than 700,000 residing in the state of Florida. But, despite the fact that dozens of states have legalized medical marijuana and launched legal markets, the drug is still illegal at the federal level. This often leads to situations where businesses and customers abiding by state law are penalized by the federal government, which still considers cannabis to be illegal. One major example is the fact that cannabis businesses cannot access banking and financial services despite paying billions of dollars in taxes. On the…

MondayNov 14, 2022 4:20 pm

420 with CNW — Marijuana Consumers Opt for Concentrates as Product Prices Drop

Marijuana industry watchers as well as retail buyers indicate that cannabis concentrates are registering more sales across the industry, particularly in mature markets. Frequent marijuana users are also taking a greater liking to concentrates. Brightfield Group, a Chicago-based cannabis analytics firm, says approximately 29% of all marijuana consumers admit that they have used cannabis concentrates at least once during the past half year. Two years prior, that figure stood at 22%. Bethany Gomez, the managing director of Brightfield Group, says such a jump is significant in a space of only two years. Mature cannabis markets also registered an even bigger…

MondayNov 14, 2022 4:20 am

420 with CNW — Senior Living Facilities at Crossroads as Marijuana Laws Change

As more states legalize cannabis, residents of senior living communities are using the substance more and more, and this is putting the operators of those facilities in the spotlight regarding how they respond to this reality. At the moment, marijuana is categorized as a schedule 1 substance, the same category as heroin, MDMA, LSD and cocaine. While President Joseph Biden instructed the attorney general and the health and human services department to review this categorization, the law is the law, and marijuana users are still regarded as criminals. Public opinion has changed sharply on this matter, and pressure is mounting…

FridayNov 11, 2022 4:20 pm

420 with CNW — Colorado Rakes in Billions in Marijuana Sales a Decade After Legalization

Cannabis has proven to be one of the most resilient and profitable products on the market in recent years. Despite being barely more than a decade old, America’s state-legal cannabis industry has generated billions of dollars in revenue and created hundreds of thousands of job opportunities. The industry’s rise has been so prolific that cannabis has been dubbed the fastest-growing industry in the United States. However, profits in the state-legal market haven’t been spread equally among participating markets, with some states seeing a lion’s share of the industry’s profits. Colorado, for instance, was among the first states in the cannabis…

FridayNov 11, 2022 9:00 am

Zacks SCR Uses Lexaria Bioscience Corp. (NASDAQ: LEXX) HYPER-H21-4 Study to Support $15 Share Valuation

Lexaria’s HYPER-H21-4 human clinical study was a success, producing favorable results in treating hypertension when comparing the company’s patented DehydraTECH(TM) CBD with a placebo According to a Zacks SCR report, the findings support their $15 share valuation of the company Zacks expects Lexaria to penetrate global markets for hypertension, nicotine delivery and antiviral products The hypertension drug market is expected to grow to over $34 billion through 2030, with North America anticipated to hold 35% of the market share According to the World Health Organization (“WHO”), approximately 1.13 billion people worldwide suffer from hypertension (high blood pressure), with only one…

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…

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