NewsRoom Articles - Page 199 of 600

WednesdayMar 02, 2022 4:20 am

420 with CNW — NIDA to Fund Studies on Different Marijuana Regulation Models

Although many people consider cannabis to be a versatile alternative medicine, the reality is that there is barely any scientific research on its potential risks and benefits. Thanks to federal prohibition laws that consider cannabis a class I drug with no medical application, research into the plant has been outlawed for decades. However, there has been an increasing push for more cannabis research as more states legalize the plant for medical and recreational use. One of the country’s top federal agencies has thrown its weight behind this growing movement. The National Institute on Drug Abuse (“NIDA”) has increased its effort…

TuesdayMar 01, 2022 4:20 pm

420 with CNW — Pew Study Shows Increase in Drug-Related Arrests While Incarcerations Reduce

A new study from the Pew Charitable Trust reveals that police have continued arresting people for illegal substances despite states adopting policies designed to reduce the number of incarcerations. The report expounds on drug policy and enforcement trends that have been developed between 2009 and 2019. In the past decade, state and federal policies have changed with more prosecutors dropping marijuana cases. The study highlights some of the positive outcomes, which include low incarceration rates, reduced cannabis-related arrests and reduced racial differences in overall drug enforcement. However, despite all these efforts, arrests of drug possession still number more than a…

TuesdayMar 01, 2022 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Now Controls All Aspects of its Michigan Operations Following PharmaCo’s Acquisition

RWB has received all regulatory approvals and closed its acquisition of PharmaCo, a Michigan-based marijuana company This acquisition opens RWB to over 22 properties, including dispensaries and cultivation sites, giving it complete control of all its operations, from cultivating the product to selling it It marks a key milestone for the company and its shareholders as it continues to execute key components of its growth strategy For the 2022 calendar year, the company looks to extend its branded product lines, update its dispensaries, create supply chain efficiencies, and grow revenue and profitability Red White & Bloom Brands (CSE: RWB) (OTCQX:…

TuesdayMar 01, 2022 4:20 am

420 with CNW — Advocate Informs Congress That Minority Marijuana Firms Need Federal Financial Assistance

During a House Financial Services Subcommittee hearing, Amber Littlejohn stated that minority-owned and small cannabis firms may not survive without federal relief. Littlejohn, the executive director of the Minority Cannabis Business Association, stated that supporting the SAFE Banking Act as well as other measures would make state-legal cannabis companies eligible for federal financial assistance from the Small Business Administration. The subcommittee hearing, which was held last week, discussed consumer protections and financial institutions. Littlejohn then explained that minority marijuana businesses would probably not survive long enough to see federal legalization, especially without some relief from Congress. She added that social…

MondayFeb 28, 2022 4:20 pm

420 with CNW — California Growers Welcome Turnaround in Marijuana Pricing

Following the rise in the prices of bulk cannabis flower, growers in California now have a chance to celebrate the rebound as sales continue to grow. The drop in prices started more than a year ago with November recording the lowest number of sales. According to industry officials, the slump in prices could be attributed to high taxes, a flourishing underground market and a small number of brick-and-mortar retail outlets for cannabis products among others. These problems cut across the industry affecting small-sized businesses as well as large-scale brands. Several operators, however, have reported a turnaround with sales in January. According…

MondayFeb 28, 2022 9:45 am

American Cannabis Partners M&A Strategy Key Component of Growth Plan

Report notes that global mergers and acquisition will continue into new year ACP performs months of due diligence before acquiring any properties Company exploring land acquisition, project development strategies for expanding operations to two more states this year Mergers and acquisitions (M&A) appear to be a key component for companies looking to grow, with a recent 2022 Global M&A Trends Report indicating that M&A will continue in the new year (https://cnw.fm/yiAZr). Contending for first place in the U.S. cannabis industry, American Cannabis Partners (“ACP”) relies on proven strategies such as mergers and acquisitions to strengthen its position in a competitive…

MondayFeb 28, 2022 9:15 am

As It Targets Multiple Large Market Opportunities, Lexaria Bioscience Corp. (NASDAQ: LEXX) Is Leveraging Elaborate Studies to Progressively Remove Risks Associated with Commercialization, Regulation

Leveraging the versatility and benefits of its DehydraTECH(TM) technology, Lexaria is targeting multiple large market opportunities as it attempts to ensure it has multiple paths to success The technology aims to help companies offering oral drugs, supplements, and nicotine formulations to improve the effectiveness of their existing or planned products Lexaria has undertaken various studies whose findings show the benefits of DehydraTECH-processed products relative to controls The company intends to use the positive results from its studies to incrementally remove risks associated with commercialization and regulation Lexaria Bioscience (NASDAQ: LEXX), a global drug delivery technology company transforming existing consumer products…

MondayFeb 28, 2022 4:20 am

420 with CNW — USDA Survey Reveals Hemp Market Reached $824M Valuation in 2021

This week, the U.S. Department of Agriculture (“USDA”) revealed that the value of the hemp market in 2021 reached $824 million. The survey is the first federal study into the hemp sector, and the analysis is meant to be used as a benchmark for the sector’s economic impact. According to Hubert Hamer, an administrator for USDA National Agricultural Statistics Service (“NASS”), the report would provide producers, state governments, regulators, processors and other key players with benchmarks on hemp production. The Hemp Acreage and Production Survey was undertaken in collaboration with the University of Kentucky and the National Association of State…

FridayFeb 25, 2022 4:20 pm

420 with CNW — Wells Fargo Blames Shortage of Truck Drivers on Federal Cannabis Prohibition, Drug Testing

During a recent conference call, Wells Fargo Securities head of equity strategy Chris Harvey stated that federal cannabis criminalization plus the resulting mandates for drug testing have caused the worker shortages and increasing costs being observed in the transportation sector. He addressed this issue during the call, highlighting the challenges linked to marijuana testing within the trucking sector. Harvey explained that trucker costs, transportation costs and logistics were all increasing, noting this trend would persist for a while as drug testing was implemented in different states. Federal transportation regulations state that safety-sensitive roles require drug-testing policies. However, while opponents of…

FridayFeb 25, 2022 9:30 am

Flora Growth Corp. (NASDAQ: FLGC) Reaches Agreement with Israeli Product Distributor Artos Ltd. for Cannabis Sales

Flora Growth is a cannabis cultivator and distributor with a large cultivation site in central Colombia’s favorable growing climate Flora Growth recently announced an agreement with Israeli product distribution company Artos Ltd. to sell Flora’s high-THC cannabis flower to Israelis Colombia legalized the international export of cannabis flower last year for use in health and wellness industries Israelis comprise a large base of medical marijuana users and cannabis-based business enterprises Colombia and Israel began strengthening ties last year for promoting entrepreneurial innovation, and the agreement between Flora Growth and Artos builds on those state efforts Cannabis cultivator and brand builder…