NewsRoom Articles - Page 175 of 601

WednesdayJun 29, 2022 4:20 am

420 with CNW — Congressmen Plead for Support for Medical Cannabis Bill for Veterans

A duo of bipartisan congressmen is seeking support for an upcoming bill that would increase military veterans' access to medical cannabis. Although studies have found that medical cannabis can be effective at helping veterans deal with chronic pain, insomnia, anxiety, depression and even post-traumatic stress disorder (PTSD), federal policy makes it extremely difficult for veterans to access legal cannabis. Democratic Rep. Earl Blumenauer and Republican Rep. Brian Mast are hoping to change this through their Veterans Equal Access Act. The bill would grant healthcare practitioners at the U.S. Department of Veterans’ Affairs (VA) permission to recommend medical cannabis to patients…

TuesdayJun 28, 2022 4:20 pm

420 with CNW — Do Cryptos, Blockchain Have Potential for Use in the Marijuana Industry?

You wouldn’t think marijuana has any connection to cryptocurrency and the complex blockchain technology that authenticates and records transactions. The former is a psychoactive plant that has been associated with racial injustices for decades and is now touted for its medical potential while the latter is an online decentralized currency that has taken the world by storm in recent years. However, a deeper look reveals ways in which the two emerging industries are compatible. Since federal law still considers cannabis to be a Schedule I drug, cannabis industry actors have a hard time accessing basic financial services. Most times, they…

TuesdayJun 28, 2022 1:30 pm

Zacks Report Highlights Flora Growth Corp. (NASDAQ: FLGC) Aspiring to Benefit from First Mover Advantage in Multiple Cannabis Market Categories

Flora’s 2021 acquisitions allowed it to expand its operations beyond North America and into Europe Acquisitions have also contributed to 450% YOY revenue growth for Q1 2022 Its management is confident that the foundation laid down so far will yield growth for 2022 and subsequent financial years Flora has also reiterated 2022 revenue guidance of $35 million to $45 million 2021 was an excellent year for Flora Growth (NASDAQ: FLGC). According to a recent research report from Zacks (https://cnw.fm/bWU0H), the company possesses a number of important qualities pointing to continued significant growth following a strong 2021. Flora Growth management even…

TuesdayJun 28, 2022 4:20 am

420 with CNW — Research Finds Weekly Use of Marijuana Doesn’t Compromise Physical Health

With dozens of states passing some form of cannabis legislation in the past decade, more people than ever are using marijuana for either medical or recreational purposes. According to recent research, regular cannabis use has a minimal effect on a user’s physical health. The study adds to the growing body of research on how marijuana affects pulmonary, cardiovascular and other biological functions. Since federal law has made it virtually impossible for researchers to study cannabis for the past few decades, most of the research on the effects of regular cannabis use is quite new. This recent study, whose findings were…

MondayJun 27, 2022 4:20 pm

420 with CNW — Marijuana Events Could Revive Atlantic City’s Glory

For decades, Atlantic City was a popular tourist destination for folks of all ages looking to enjoy the city’s diverse set of entertainment spots. Starting out as a resort town more than one hundred years ago, Atlantic City saw its fortunes change when Resorts International opened its casino doors in 1978. The city peaked in 2006 with a revenue of some $5.2 billion behind Las Vegas’ revenue of $10.6 billion. However, Atlantic City’s fortunes have been on a decline ever since. The Taj Mahal Casino, owned by former president Donald Trump, shut its doors in 2016, and the Revel Casino…

MondayJun 27, 2022 12:45 pm

Advanced Container Technologies Inc. (ACTX) GrowPods Strengthen Company’s Position in Growing Multibillion-Dollar Market

The global indoor farming market projected to grow from $26.5 billion in 2021 to $62 billion by 2030 Report indicates that United States holds major share in terms of revenue in North America indoor farming market Grow Pods offered through ACTX provide a controlled environment, ability to grow year-round The newest projections for the global indoor farming sector are in, and the numbers bode well for Advanced Container Technologies (OTC: ACTX). ACTX is the exclusive U.S. distributor of Grow Pods, environmentally controlled micro-farms that allow cultivation of ultra-clean crops all year long. “The study undertaken by Astute Analytica foresees a tremendous growth in revenue of the…

MondayJun 27, 2022 10:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Expands Reach of its Drug Delivery Technology Through Newly Inked Agreements with Beverage Developer BevNology

Drug delivery technology innovator Lexaria Bioscience has developed a patented technology showing superiority in animal and human testing as a means of improving existing drug brands’ performance and establishing new solutions for unmet medical needs The company recently announced agreements with beverage developer BevNology to expand production capabilities for Lexaria's own growing list of B2B clientele and empowering BevNology to offer DehydraTECH products with active ingredients derived from hemp including CBD under BevNology and partnered brands The technology is called DehydraTECH — improving the way active pharmaceutical ingredients (“APIs”) enter the bloodstream by promoting more effective oral delivery Lexaria also…

MondayJun 27, 2022 4:20 am

420 with CNW — NIDA Seeks Help in Creating Nationwide Registry of Medical Cannabis Use

By the end of last year, more than 30 states had launched some kind of medical cannabis market. But with each state independently passing its own policies, this has led to a patchwork of different medical cannabis legislation across the country. Last week, a top federal agency revealed that it plans on creating a countrywide medical cannabis registry that would allow it to study how patients use medical marijuana. The National Institute on Drug Abuse (NIDA) has pledged to provide funding worth $1.5 million to researchers to help them develop a nationwide medical cannabis registry capable of tracking how medical…

FridayJun 24, 2022 4:20 pm

420 with CNW — Colorado Study Finds Teen Cannabis Use Reduced Massively in 2021

A recent study of Colorado’s marijuana industry has revealed a fact that has been consistent in other states with legal cannabis markets: teen cannabis use is on the decline. Prohibitionists across the country had argued that legalizing adult-use cannabis would make the controversial drug more accessible and lead to increased drug use by the youth. However, several studies have found that legalization has actually had the opposite effect, limiting youth access and reducing the number of young teens who consume cannabis. According to the recent Colorado study, 2021 saw an especially “dramatic” drop in cannabis use by teens. Dubbed the…

FridayJun 24, 2022 11:15 am

Flora Growth Corp. (NASDAQ: FLGC) Authorizes the Repurchase of up to $5 Million Shares

Flora Growth Corp. announced that the Company Board has authorized the repurchase of up to $5 million of its outstanding common shares Luis Merchan, Flora’s Chairman and CEO, said that Flora is executing its growth plans while simultaneously improving gross profit margins and reducing corporate overhead expenses At the closing of 2021, the company announced a 2022 revenue guidance projection of $35-45 million Flora Growth (NASDAQ: FLGC) is a global leader in the cultivation, marketing, and distribution of premium-quality cannabis products and brands at below-market prices. Flora Growth recently announced that the company’s Board of Directors (the "Board") has authorized…

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