NewsRoom Articles - Page 189 of 596

MondayApr 04, 2022 4:20 am

420 with CNW — IRS Increases Audits of Cannabis Businesses After Lull Caused by Pandemic

The IRS has increased its audits of cannabis businesses after a long hiatus brought on by the coronavirus pandemic. Tax experts in the marijuana industry expect a new wave of audits to be conducted that target cannabis companies and their 2019 returns to be conducted, which may result in additional tax bills for these companies. Rachel Gillette, a tax attorney in Denver, states that the pandemic caused the IRS to slow down but now with things picking back up, the federal tax agency is running more audits in different parts of the country, particularly in places where marijuana is legal.…

FridayApr 01, 2022 4:20 pm

420 with CNW — Is It Worthwhile to Vacuum Seal Cannabis?

Anyone who uses or has used cannabis in the past has probably heard that storing cannabis flower in an airtight container keeps it fresh and preserves its quality. While some users may not understand the logic behind this advice, there’s a solid scientific reason why vacuum sealing cannabis is essential. Once a cannabis plant matures, continued exposure to the elements causes it to degrade. That’s why marijuana cultivators have to harvest their crop at just the right time; any later and the plants will start to lose their potency. Once the plants have been harvested and processed, the same level…

FridayApr 01, 2022 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Technology Continues to Showcase Ability to Improve Effectiveness of Existing Drug Brands

Health and wellness drug product innovator Lexaria Bioscience has developed a patented technology — DehydraTECH (TM) — which enhances the bioavailability of fat-soluble drugs and molecules Lexaria continues to research DehydraTECH’s ability to improve the speed and bioavailability of cannabidiol (“CBD”) in treating high blood pressure and epileptic conditions The company continues its research demonstrating the ability of its technology -to enhance the performance of antiviral drugs and other active pharmaceutical ingredients Sublicensing DehydraTECH continues to create revenues for the company Lexaria has additionally pursued the use of its drug-enhancing technology, in partnership with sublicensees, for making adult-use recreational cannabis…

FridayApr 01, 2022 4:20 am

420 with CNW — U.S. Senators Unanimously Approve Cannabis Research Legislation

Last week, the Senate approved a cannabis measure that would promote research into cannabis. The unanimously approved legislation, titled the Cannabidiol and Marijuana Research Expansion Act, was sponsored by Senators Chuck Grassley, Brian Schatz and Dianne Feinstein. The bill’s approval will allow the process of application for scientists who want to study the plant to be streamlined. Under the measure, the U.S. attorney general would be afforded a 60-day deadline to either approve an application or request more information from the applicant. This is in addition to creating an expedited pathway for researchers who would like to request access to…

ThursdayMar 31, 2022 4:20 pm

420 with CNW — How Marijuana Growers Can Reduce Their Eco Impact by Using Living Soil

Contrary to what many may think, growing cannabis isn’t as easy as throwing seeds into a hole and watering them every few days. It’s an intensive process that requires plenty of dedication to detail throughout every stage to ensure the plants come up healthy and in plenty. In addition, marijuana cultivation isn’t always easy on the environment. A single cannabis plant can drink up to a gallon of water per day and requires 16 essential nutrients to grow healthy and strong. Studies have found that without proper regulations and growing practices in place, marijuana grows can contribute to ecological issues,…

ThursdayMar 31, 2022 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Continues to Focus on the Continued Growth of its Top-Line Revenue and Bottom-Line Results in a Move to achieve its 3-Year Success Plan

RWB’s mission has always been to become the superior and most recognizable cannabis company in the United States It seeks to achieve this by focusing on the continued growth of top-line revenue and bottom-line results through brand expansion, mergers, and acquisitions So far, in 2022, the company has announced the acquisition of PharmaCo, which sees the transfer of 21 medical and adult-use cannabis licenses RWB has also closed a lease assignment on a critical manufacturing/processing and distribution facility in Michigan Its management is confident that the foundations laid down so far will aid in the company’s growth going forward In…

ThursdayMar 31, 2022 9:00 am

Hero Technologies Inc. (HENC) Subsidiary Establishes Presence in Booming Colorado Cannabis Market

Cannabis sales in Colorado broke another record last year, topping $2.22 billion in products sold Cannabis is “massive” driver of tax revenue for Colorado, raking in over $423 million last year alone HENC continues to pursue diversification and integration strategy through subsidiary Another record-breaking year for Colorado’s cannabis industry bodes well for Hero Technologies (OTC: HENC). The company anticipates expanding into the booming market via cultivation and dispensary operations through its wholly owned subsidiary, Mile High Green LLC. Cannabis sales in the state broke another record last year, topping $2.22 billion in products sold, according to the Colorado Department of Revenue (https://cnw.fm/7lUaU). This…

ThursdayMar 31, 2022 4:20 am

420 with CNW — Marijuana Stocks Soar Amid Reports of Federal Legalization Vote

The past few years have been filled with speculation on whether or not Congress will legalize cannabis at the federal level. When the Democratic Party cinched the Senate, House of Representatives and the White House during the 2020 ballot, the chances of cannabis being removed from the Schedule of Controlled Substances increased significantly. Ideally, this would open up the already lucrative legal cannabis industry even further and grant it all the rights other industries enjoy. In anticipation for a future where federal law allows the cultivation and sale of cannabis, especially after a recent report claimed that lawmakers are poised…

WednesdayMar 30, 2022 4:20 pm

420 with CNW — Human Rights Watch Wants US to End Cannabis Prohibition

In a detailed article published recently, Human Rights Watch, an international nonprofit has voiced its support for ending cannabis prohibition federally. It says putting an end to cannabis prohibition would allow federal drug policies in the United States to be grounded in health, harm reduction and human rights. Strides have been made to do so, with the House of Representatives making history during the last session when it passed the Marijuana Opportunity Reinvestment and Expungement Act (MORE) Act. The approval of this measure made this the first time Congress voted to end the federal prohibition of cannabis, which has led…

WednesdayMar 30, 2022 9:15 am

American Cannabis Partners Watching Progress of Cannabis SRA Bill in Congress

Easing federal regulations on cannabis will benefit cannabis companies Republican congresswoman says she has received assurances that her proposed cannabis bill will receive a hearing ACP operates in two states where cannabis is legal and is exploring expansion opportunities in additional states Despite the House and Senate being controlled by the Democrats, Nancy Mace, a Republican representative from South Carolina, has said her proposed cannabis bill will get a hearing (https://cnw.fm/sxzud). Easing federal regulations on the substance, which Mace’s bill is designed to do, will benefit cannabis companies, including American Cannabis Partners (“ACP”), that are currently operating in states with…