NewsRoom Articles - Page 195 of 591

WednesdayFeb 09, 2022 4:20 am

420 with CNW — Schumer Updates Advocates About Cannabis Banking and Federal Cannabis Legalization

Last week, Senate Majority Leader Chuck Schumer discussed social equity issues during a meeting with a number of cannabis advocacy and reform groups. Schumer is preparing to introduce the Cannabis Administration and Opportunity Act later this year. In an interview, activists who were part of the Zoom meeting stated that the Senate Majority Leader wasn’t clear on when he would be filing his marijuana legalization measure, only noting that he would do it soon. The implementation of the adult-use cannabis program in New York, immigration issues associated with marijuana and cannabis banking were also discussed during the meeting. Representatives of…

TuesdayFeb 08, 2022 4:20 pm

420 with CNW — NFL Authorizes Grants Worth $1M for Studies on Marijuana and Pain Management

Last week, the NFL announced that it had issued grants worth $1 million for research studies. The studies would look into the effectiveness of using marijuana and its components in pain management and offering neuroprotection from concussions among NFL players. Out of 100 applicants, the commission selected the University of California San Diego and University of Regina, which is located in Canada. This is the league’s attempt to provide its players with quality care that is up-to date with the medical standards of health and safety. Allen Sills, the league’s chief medical officer, said this opportunity would provide its players…

TuesdayFeb 08, 2022 12:50 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) CEO Summarizes 2021 Milestones, Outlines 2022 Plans and Expectations, in Annual Letter to Shareholders

In 2021, Lexaria conducted several main studies evaluating DehydraTECH-processed CBD and nicotine The company has big plans for 2022, a year it expects to undertake three ground-breaking studies Lexaria hopes these three major studies will generate sufficient data to support either regulated IND-type applications or to stimulate corporate partnerships The company is eying larger national and international applications for DehydraTECH with the aim of generating revenue through licensing fees and royalties For Lexaria Bioscience (NASDAQ: LEXX), a drug delivery company whose patented DehydraTECH(TM) technology has proven effective in improving bioavailability, speed of onset, and efficiency of orally-delivered fat-soluble active molecules…

TuesdayFeb 08, 2022 4:20 am

420 with CNW — How Combining CBD with Adaptogens Achieves Better Results

The popularity of cannabidiol can be attributed in part to its purported anxiety- and stress-relieving properties. Its consumption will not get the user high because it is a nonpsychoactive compound of marijuana. The benefits of CBD have been embraced by the wellness community, and the compound can be found in beverages, edibles, capsules and oils. Aside from cannabidiol, adaptogens are also receiving a similar level of attention. These are plants that provide the body with stress-coping mechanisms as well as regulate hormonal changes. Other benefits include reducing inflammation, fighting fatigue and improving sleep. The use of adaptogens has been popular…

MondayFeb 07, 2022 4:20 pm

420 with CNW — Cannabis Degrees Becoming Popular as More Universities Offer Them

Huge numbers of students in the United States are considering studying marijuana-related programs in major universities, especially with the numerous job openings in the cannabis industry. Estimates show that the marijuana industry will support more than 400,000 jobs this year, based on the current rates of growth. Recent reports also show that by 2029, cannabis jobs will have increased by at least 160%. This isn’t a surprise as the marijuana industry is a burgeoning industry, having grown by 47% since 2019. The industry is also the economic driver in some emerging markets globally, with total yearly sales for 2020 hitting…

MondayFeb 07, 2022 1:17 pm

American Cannabis Partners Strengthening Position in Growing Cannabis Space

Legal cannabis market forecast to grow 20–30% per year to $50 billion by 2026 “Cannabis industry in America is flourishing,” reports CNN Business ACP positioning itself in four sectors of the cannabis space: real estate, cultivation, medical research and nonprofit groups The future of cannabis is looking promising, according to several recent reports, and companies such as American Cannabis Partners (“ACP”) are positioning themselves to benefit from the projected growth. “Various states across the country are resurfacing from the cloud of COVID-19, and as some like New York seek new high-growth industries to have a hand in, cannabis has been a…

MondayFeb 07, 2022 12:25 pm

Flora Growth Corp. (NASDAQ: FLGC) Closes January’s Series of Hires, Appointing Joël Reyes as SVP of Global Operations

Joël Reyes’ appointment marks the third appointment in the first month of the 2022 calendar year Mr. Reyes will be responsible for implementing operational excellence across the entire organization, starting with its Columbian activities His appointment comes just in time, following the implementation of the new Colombian law allowing for the export of up to 7,900 kilograms of high-THC cannabis dried flower Flora Growth (NASDAQ: FLGC) embarked on an aggressive hiring campaign to kick off the 2022 calendar year, starting with the appointment of Derek Pedro as an advisor to its Cosechemos cultivation facility (https://cnw.fm/HRIoW). This was then followed by…

MondayFeb 07, 2022 4:20 am

420 with CNW — Top Financial Regulator Says Marijuana Sector Has Bright Future

In an interview with PBC conference, Rodney Hood, a financial regulator and board member National Credit Union Administration (“NCUA”), said that the marijuana sector has a bright future once it is fully legalized and infrastructure is set in place. During the interview, Hood suggested ways to deal with federal regulations that have seen banking institutions backing out on working with marijuana businesses. Despite more states legalizing marijuana for recreational and medical use, the industry has not received backing from the financial services sector. This reluctance is due to the influence of federal prohibition on the sector. Aside from that, rural…

FridayFeb 04, 2022 4:20 pm

420 with CNW — USDA Partners with Cornell University to Conduct Hemp Webinars

The USDA announced last week that it would be teaming up with Cornell University to hold a webinar series that promoted hemp education. According to a press release, the series will feature experts in hemp production, research and academia as well as the private industry. The first episode, which was held last week, focused on outdoor growing of hemp. The next episode will look into the indoor cultivation of hemp. Other topics to be discussed over the next couple of months include the economics of hemp production, the endocannabinoid system, genetics, food sciences, hemp extraction and hemp processing. Zachary Stansell,…

FridayFeb 04, 2022 10:19 am

BevCanna Enterprises Inc.’s (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Journey: From Runners’ Knee to Canada’s 101 Top F&B Start-up List

BevCanna Enterprises Inc is a diversified health & wellness beverage and natural products companies which deals in the manufacture and distribution of both, in-house brands, and white-label clients The company currently boasts over 3,000 points of distribution and online through which it retails the company’s market-leading TRACE brand, its Pure Therapy natural health products as well as its various, cannabis infused beverages. BevCanna’s strong execution recently saw it report 3Q2021 revenues of $1.1 million, representing a rise of over 1,000% relative to a year ago BevCanna Enterprises separately announced that it has been named as one of the 101 Top Food…