NewsRoom Articles - Page 194 of 603

TuesdayApr 12, 2022 9:00 am

Advanced Container Technologies Inc. (ACTX) Makes Mark at CannaCon Conference, Strengthens Foothold in Growing Market

The company exhibited at the premier event, held March 31–April 1, 2022 ACT has worked to strengthen its presence in the cannabis space This strategic positioning comes as the global cannabis packaging market is projected to reach $297.51 billion by 2026 Advanced Container Technologies (OTC: ACTX) recently wrapped up a successful appearance at the CannaCon Conference, showcasing its new product line and strengthening brand awareness. The company exhibited at the premier event, held March 31–April 1, 2022, alongside Grassfire Distro, ACT’s exclusive packaging reseller (https://cnw.fm/sLimf). Prior to the two-day event, Advanced Container Technologies CEO Doug Heldoorn noted that ACT had…

TuesdayApr 12, 2022 4:20 am

420 with CNW — House Approves Bipartisan Cannabis Research Measure Days After Approving Federal Legalization Bill

Earlier this week, the House of Representatives passed a bipartisan cannabis research measure designed to streamline research on marijuana, partly by permitting researchers to access products sold in state-legal dispensaries. This vote comes days after the chamber approved the MORE Act , which would federally legalize marijuana. The research measure, dubbed the Medical Marijuana Research Act, was sponsored by Rep. Andy Harris and Rep. Earl Blumenauer and was approved by the legislators in a 343 to 75 vote. Both the Senate and the House approved earlier versions of their separate marijuana research measures in 2020. However, none of these bills…

MondayApr 11, 2022 4:20 pm

420 with CNW — Schumer Reaches Out to GOP Senators for Input on Upcoming Cannabis Legalization Bill

Senate Majority Leader Chuck Schumer has made his support for cannabis reform quite clear. Last year he revealed that he was working on a bill that would federally legalize cannabis and he has stated that he would act on cannabis legislation with or without President Joe Biden's approval. However, efforts to pass some kind of marijuana legislation, whether it is widespread reform or cannabis banking, have been held back by the GOP. Cannabis legalization is one of the many things Republicans and Democrats can’t seem to agree on. While a lot of Democrats believe that legalizing cannabis would be beneficial…

MondayApr 11, 2022 4:25 am

420 with CNW — Colorado Announces Another Round of Cannabis-Themed Auto Registration Plates

In the two decades since California first legalized recreational cannabis, the controversial plant has generated billions of dollars in taxes for states. Recognizing the impact the war on drugs had on Black and Brown communities, several states dedicated a chunk of these funds toward reinvesting in these communities. Additionally, cannabis taxes have also been used to fund programs that offer various kinds of aid. Despite the controversy that surrounds cannabis, funds raised from marijuana sales have consistently been used to do good. In that vein, officials from Colorado recently announced that there would be a second round of auctions to…

FridayApr 08, 2022 4:20 pm

420 with CNW — White House Tight Lipped on Biden’s Views About Approved Federal Cannabis Legalization Bill

Last week, the House of Representatives approved a measure to federally legalize marijuana. However, hours after the bill’s passage, White House Secretary Jen Psaki declined to address whether President Joseph Biden supported this particular measure, instead stating that the president agreed that the country’s current cannabis laws weren’t working. The House passed the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, which is set to advance to the Senate. Psaki, who was also asked about President Biden’s position on the legislation, stated that the president agreed that the approach to marijuana policy needed to be reevaluated. She then repeated remarks that…

FridayApr 08, 2022 4:25 am

420 with CNW — Analysts Say Marijuana Unlikely to Be Legalized But Banking Reform Could Happen This Year

The past couple of years have been positive ones for cannabis. Dozens of states have legalized recreational and medical marijuana, granting millions of Americans access to a plant that had been outlawed for decades. Furthermore, the state-legal cannabis industry has been incredibly lucrative, generating billions of dollars in sales and creating hundreds and thousands of new employment opportunities. Despite these successes, cannabis is still criminalized by federal law. Consequently, drug reform activists, industry stakeholders and some lawmakers have been championing federal legalization. Not only would this open the cannabis market even more, but it would also allow the country to…

ThursdayApr 07, 2022 4:20 pm

420 with CNW — House Approves Federal Marijuana Legalization Measure

Last week, the U.S. House of Representatives approved a measure that would legalize cannabis across the country as well as eliminate criminal penalties for any individual who possessed, distributed or manufactured the substance. Legislators passed the Marijuana Opportunity Reinvestment and Expungement (MORE) Act in a 220 to 204 vote. The same act was approved in the House in 2021 but failed to advance in the Senate. This measure, which was sponsored by House Judiciary Chairman Jerrold Nadler, will deschedule marijuana from the government’s Schedule I classification under the Controlled Substances Act. It will also set up procedures for the expungement…

ThursdayApr 07, 2022 4:20 am

420 with CNW — Increasing Fuel Prices Are Pushing Marijuana Delivery Companies to Go Electric

The price of gasoline is increasing rapidly in various parts of North America, including in Canada and the United States. Figures from the American Automobile Association show that as of last week, the average price of gasoline has jumped to $4.25 per gallon, which is quite an increase when compared to its $2.87 per gallon price for last year. The Canadian Automobile Association has also observed the same upward trend, with the average national price of gasoline increasing to CA$ 1.72 per liter from its cost last year of CA$ 1.22 per liter. This increase has put pressure on marijuana…

WednesdayApr 06, 2022 4:20 pm

420 with CNW — Pastor Promotes the Spiritual Aspects of Cannabis Use

The last person you would expect to use cannabis would be a “person of the cloth.” However, Craig Gross isn’t a conventional Christian. Like many people who grew up during the prohibition era, he’s heard plenty of stories regarding the evils of cannabis. And in Gross’ case, he may have been taught to avoid drugs such as cannabis. Despite that, Gross, now a Christian evangelist and entrepreneur, uses cannabis to alleviate a physical condition. Actually using marijuana after years and years of negative messaging required plenty of mental fortitude. Once Gross made the leap, the controversial plant provided effects he…

WednesdayApr 06, 2022 9:00 am

InMed Pharmaceuticals Inc. (NASDAQ: INM) Increasing Rare Cannabidiol Product Portfolio, Revenues

InMed Pharmaceuticals is a Canadian clinical-stage drug development company focused on the development of rare cannabinoids and their synthetic counterpoints for B2B sales and pharmaceutical potential InMed expects to have rare cannabinoids CBDV and THCV available for B2B sale to the health and wellness market in the coming months, following on the heels of its CBC and CBT products The company recently reported its first revenues from CBC sales in the wake of its acquisition of rare cannabinoids manufacturer BayMedica late last year The company is also working to develop synthetic CBN cannabinoids as potential medical treatments for select conditions,…

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