NewsRoom Articles - Page 202 of 600

MondayFeb 14, 2022 4:20 pm

420 with CNW — Report Finds Marijuana Has Contributed $43+ Billion to Canada’s GDP

A recent report by Deloitte Canada states that marijuana has contributed more than $43 billion to the country’s gross domestic product (“GDP”). Since recreational marijuana was legalized in 2018, it has also contributed more than $13 billion to Ontario’s GDP. The report, which was compiled with help from the Ontario Cannabis Store, stated that for every $1 in capital expenditures or revenue, the marijuana industry added roughly $1.02 and $1.09 to Ontario’s and Canada’s gross domestic product from legal purchases. The Ontario Cannabis Store is a provincial distributor of cannabis. The report also provides insight into how the marijuana industry…

MondayFeb 14, 2022 9:45 am

Flora Growth Corp. (NASDAQ: FLGC) Seeks EUA to Test Cannabis Product Against COVID Virus, Building on Early Study Results as it Names New Chief Strategy Officer

Recent research efforts have targeted the potential of cannabis compounds to combat COVID-19 infection as the worldwide pandemic presses forward into its third year Perhaps most notable among the early-stage research efforts is a study by Oregon State University that found high doses of two specific cannabinoids bound to spike proteins such as COVID’S SARS-CoV-2 and inhibited their potential for infection Cannabis cultivator and brand builder Flora Growth Corp. has filed a provisional patent application for a cannabinoid-based formula that it is simultaneously seeking approval from Colombia’s food and drug regulatory authority for a study and potential clinical trial in…

MondayFeb 14, 2022 4:20 am

420 with CNW — Cosmetics Sector Now Eying CBG as an Ingredient

We’ve seen the CBD market grow significantly these last few months in different parts of the globe, with projections showing that by 2028, the market could be valued at $13 billion. CBD has various benefits, which include relieving anxiety and providing pain relief along with anti-acne and anti-seizure properties. Some studies have also found that CBD may help prevent growth of cancer cells. However, more research is needed to support these claims. CBD isn’t the only compound various markets are interested in either, as the wellness and cosmetic markets have begun to take an interest in CBG (cannabigerol), which is…

FridayFeb 11, 2022 4:20 pm

420 with CNW — Proposed California Law Could Push Back on Marijuana Legalization

A California assembly member is proposing a new law that will recriminalize the growing of marijuana. The bill seeks to treat unlicensed cannabis cultivation of more than six plants as a felony. This is pushing back on the state’s Adult Use of Marijuana Act that was passed in 2016. The legislation removed all weed-related felonies and stipulated that offenders could only go to prison if they were caught selling to minors. The Assembly Bill 1725 by Rep. Thurston Smith (R-Apple Valley) is seeking to undo that act by increasing the penalties for unlicensed marijuana cultivation from a misdemeanor to a…

FridayFeb 11, 2022 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Technology Shows Promise in Improving Performance, Speed of ED Drugs

Health and wellness drug bio-effectiveness innovator Lexaria Bioscience is advancing human testing of its patented DehydraTECH(TM) technology for the potential treatment of high blood pressure and heart disease Lexaria also recently announced that DehydraTECH boosted the speed and effectiveness of sildenafil in laboratory rats for the potential treatment of erectile dysfunction (“ED”) The company’s statement notes that DehydraTECH-processed sildenafil “delivered 74% more sildenafil into the bloodstream on average than the concentration-matched, generic control formulation” ED affects some 30 million men in the United States and is expected to affect about 322 million men worldwide by 2025 Lexaria Bioscience (NASDAQ: LEXX),…

FridayFeb 11, 2022 4:20 am

420 with CNW — Schumer Expects to File Cannabis Legalization Bill in April

New York’s Senator and Senate Majority Leader Chuck Schumer is pushing to legalize marijuana on a federal level. In a Friday press conference, the Democratic lawmaker announced that he aims to introduce the cannabis legalization bill in April. The meeting took place on the same day that the House of Representatives passed the COMPETES act, which contained the Secure and Fair Enforcement (“SAFE”) Banking Act. Through the SAFE Banking Act, cannabis businesses would access services from banking institutions just like any other business. The Friday press meeting was also attended by advocacy groups, organizations and other lawmakers. Lawmakers present included…

ThursdayFeb 10, 2022 4:20 pm

420 with CNW — Cannabis Banking Bill Sponsor Talking with Senate Leadership About Equity Amendments

Rep. Ed Perlmutter, who sponsored the Secure and Fair Enforcement (“SAFE”) Banking Act, revealed last week that he’d been having discussions with Senate leadership about altering his bill to place more focus on equity issues. Perlmutter said this shortly before the House passed the SAFE Banking Act for the sixth time. The act was attached to the America COMPETES Act, a large-scale manufacturing and innovation legislation. During the press briefing, the congressman stated that he’d initiated discussions with Sen. Cory Booker’s and Sen. Chuck Schumer’s offices, in addition to having discussions with House Speaker Nancy Pelosi. Perlmutter explained that the…

ThursdayFeb 10, 2022 9:30 am

The Alternative Products Expo To Offer Important Networking Opportunities

The Alternative Products Expo presented by 3Chi arrives in Fort Lauderdale March 11-13 to feature the scope and potential of all innovative products and services of the alternative products ecosystem. Organized by ZJ Events, the event group is committed to bringing the industry’s best alternative products traders, vendors, and enthusiasts under one roof, while offering a fun and exciting experience. Having conducted its CBD shows in the top cities of America, ZJ Events is all set to host an exciting new event in Fort Lauderdale, The Alternative Products Expo. The alternative product category includes herbal products, mood enhancers, cannabis derivatives,…

ThursdayFeb 10, 2022 4:20 am

420 with CNW — Mississippi Governor Signs Medical Cannabis Bill into Law

Last week, Mississippi became the 37th U.S. state to legalize the use of medical marijuana. Gov. Tate Reeves signed the bill into law stating that it would provide medical marijuana to individuals who “could do significantly better” with prescribed doses. According to the National Conference of State Legislatures (“NCSL”), the state joins 36 states and territories including Puerto Rico, the District of Columbia, the Virgin Islands and Guam, where the use of medical marijuana is legal. The Republican governor mentioned through a statement that a recreational program would not only lead to an increase in users but also reduce performance…

WednesdayFeb 09, 2022 4:20 pm

420 with CNW — New VA Website Seeks to Normalize Conversations Around Marijuana Research

A new website is being launched by the U.S. Department of Veteran Affairs (“VA”) with the aim of normalizing conversations around cannabis research. The department’s Portland Branch is partnering with Oregon Health & Science University (“OHSU”) to support healthcare service providers with the latest research on marijuana. Many VA doctors are reluctant to talk to their patients about the use of cannabis for treatment because of the drug’s federal prohibition: federal law allows VA doctors to talk to their patients about cannabis, but they are not allowed to offer any recommendations. Together with the university’s Center for Evidence-based Policy, the…