NewsRoom Articles - Page 2 of 541

ThursdayApr 18, 2024 4:20 pm

420 with CNW — Why the UK Needs to Consider Decriminalizing Cannabis As Germany Just Did

Germany recently passed a new law that decriminalizes marijuana possession and cultivation for personal use, permitting individuals over the age of 18 to possess up to 25 grams of marijuana and cultivate up to three plants for personal use. Beginning in July 2024, German citizens can also join cannabis grower’s associations or not-for-profit social clubs that focus on the collective cultivation of cannabis for members’ benefit. In contrast to Germany’s progressive stance, the UK government maintains its support for cannabis prohibition, which sets it apart from several nations, including certain U.S. states, Canada and Malta. One of the primary arguments…

ThursdayApr 18, 2024 9:45 am

Software Effective Solutions Corp. (SFWJ) Subsidiary Inks Major Deal with Danziger Colombia

New three-year agreement between SFWJ’s Eko2o and Danziger Colombia reflects both companies’ commitment to sustainable, innovative agriculture practices The collaboration is projected to generate $2.5–$3 million in revenue over the next three years Eko2o will provide greenhouse infrastructure services, irrigation products and technology to Danziger’s flower operations in Colombia Agriculture can have a significant impact on the environment, and an increasing number of companies are working to ensure their agricultural practices are sustainable. Software Effective Solutions (OTC: SFWJ) is among that group, with its majority-controlled, Colombia-based subsidiary Eko2o S.A.S entering a major multiyear contract with Danziger Colombia (https://cnw.fm/apRCJ), the world’s…

WednesdayApr 17, 2024 4:20 pm

420 with CNW — Marijuana Biopharmaceutical Company Takes DEA to Court for Hindering its Cultivation Plans

In a fresh lawsuit brought against the U.S. Department of Justice (DOJ) and the U.S. Drug Enforcement Administration (DEA), MMJ BioPharma Cultivation, a marijuana company based in Rhode Island, is seeking to halt an administrative law judge’s review of its application to produce cannabis for research. The lawsuit contends that DEA director Anne Milgram unlawfully appointed administrative law Judge Teresa Wallbaum. The company argues that this action violates the constitutionality of the process and the decision-maker involved, as well as lacks accountability to the president. The lawsuit names DEA Administrator Anne Milgram, DEA Administrative Law Judge Teresa Wallbaum, the DOJ…

WednesdayApr 17, 2024 10:00 am

Six Quick Facts About Cannabis and Americans

The possession and use of cannabis is illegal under federal law in the United States. Despite this, many states across the country have legalized the drug for recreational or medical purposes. This comes as public support for legalization continued to increase. Below are some facts about cannabis in the United States, based on recent data. Almost 90% of Americans want cannabis to be legalized for recreational or medical use. A survey conducted by Pew Research Center in January found that 88% of adults in America think cannabis should be legal for recreational or medical use. More than 50% live in…

TuesdayApr 16, 2024 4:20 pm

420 with CNW — With More MSOs Joining Recreational Marijuana Campaign in Florida, Funding Now Exceeds $55 Million

Florida is witnessing a surge in momentum as it gears up for what is anticipated to be the costliest recreational cannabis legalization campaign in American history. Led by Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), based in Tallahassee, the campaign is attracting support from six other multistate cannabis operators (MOS), marking a significant expansion in the effort to transition Florida’s thriving $2 billion medical cannabis market, currently the largest in the nation, into one that caters to recreational use too. The latest supporters joining forces with Trulieve include prominent players in the cannabis industry such as Ayr Wellness, Cresco Labs,…

TuesdayApr 16, 2024 10:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Grows Global Patent Portfolio to 41; Maintains Focus on GLP-1 Clinical Studies for 2024

Lexaria, a global innovator in drug delivery platforms, has added three new patents to its portfolio, bringing the total to 41 Two patents were awarded in the U.S., while the third was awarded in Japan, expiring in 2042 and 2041, respectively, if not extended Lexaria’s management plans to maintain focus on GLP-1 studies for 2024 Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, in the month of April 2024, added three new patents to its portfolio. This brings the total number of awarded patents globally to 41, a testament to the versatility of its patented DehydraTECH(TM) technology…

MondayApr 15, 2024 4:20 pm

420 with CNW — DOJ Court Filing Asserts That Cannabis Supports Tourism Industry

The U.S. Department of Justice (DOJ) is once again urging a federal court to reject a lawsuit filed by prominent cannabis companies aiming to halt the enforcement of federal laws against marijuana activities permitted by states. According to the government, the legalization of cannabis encourages tourism across state lines, giving it the constitutional authority to intervene. In its recent submission to the United States District Court of Massachusetts, the DOJ disapproved assertions made by marijuana businesses, refuting the notion that federal policies contradict enforcement practices. It further contended that the plaintiffs lacked standing to file the complaint. According to the…

MondayApr 15, 2024 10:30 am

Zoned Properties Inc. (ZDPY) Releases Positive FY2024 Annual Results Amid U.S. Cannabis Industry Boom

There are more cannabis dispensaries than McDonald’s outlets in the United States today, a reflection of the ongoing shift in consumer trends and legal frameworks across America Over 74% of Americans now live in a state which permits either, the medical or recreational consumption of marijuana Zoned Properties has emerged as an early leader in facilitating the transition of U.S. cannabis businesses towards developing a physical retail footprint with a portfolio of cannabis-focused investment properties across Arizona, Michigan and Illinois The company recently updated the market with the release of a positive set of FY 2023 annual results In 2019,…

MondayApr 15, 2024 10:00 am

Cannabis Industry Perplexed as Feds Seize Marijuana from State-Legal Businesses

In the last two months, federal officials have seized hundreds of pounds of cannabis intended for retail sale from state-licensed businesses in New Mexico. This is in addition to detaining workers in the industry in what appears to be an escalation of enforcement of prohibition at the national level. This is despite the fact that the federal government has thus far avoided interfering with the implementation of legalization laws at the state level. Reports from cannabis businesses in the state show that more than 12 seizures by U.S. Customs and Border Protection (CBP) have occurred, particularly at checkpoints inside the…

FridayApr 12, 2024 4:20 pm

420 with CNW — New Study Shows Teen Cannabis Use in Washington State Has Dropped After Legalization

Recently published data from a survey conducted in Washington State among teenagers and adolescents indicates a decline in both past-one-month and lifetime use of cannabis in the past few years, with notable decreases that have persisted through 2023. The findings suggest that the perceived accessibility of marijuana among minors has typically decreased since the state legalized recreational use in 2012, which contradicts concerns voiced by those opposed to legalization. In 2023, about 8.4% of 10th graders in Washington reported using cannabis within the past month, a slight increase from 7.2% in 2021, according to the study. However, both figures were…