NewsRoom Articles - Page 216 of 618

ThursdayMar 10, 2022 4:20 am

420 with CNW — Unions, Businesses and Groups Spend Millions Lobbying for Federal Cannabis Reforms

As more states in the U.S. legalize marijuana for medical or recreational use and the industry grows, political not-for-profit organizations, trade associations and cannabis businesses continue to lobby for cannabis reform and legalization. Lobbyists are being paid a lot to weigh in on the cannabis reform measures being introduced in Congress, with OpenSecrets finding that 22 clients spent roughly $4.3 million last year to employ professional lobbyists to keep tabs on cannabis reform. OpenSecrets, which is a not-for-profit research group tracking political spending, found that this figure had increased from the $3.6 million recorded in 2020, noting that in the…

WednesdayMar 09, 2022 4:20 pm

420 with CNW — Delayed Review Leaves Canada’s Cannabis Industry in Suspense

A review of Canadian legislation that seeks to address key issues in the country’s cannabis industry has been delayed. The Cannabis Act is in need of a mandatory review that was scheduled for October 2021, three years after Canada made it legal to use marijuana for recreational purposes. According to Tammy Jarbeau, a health spokesperson, a legislative review is currently in the works. Once the review launches, the industry seeks to address issues, some of which are not covered in the Cannabis Act. Some of those issues include excise taxes, potency limits of products, and the marketing and advertising of…

WednesdayMar 09, 2022 9:30 am

InMed Pharmaceuticals Inc. (NASDAQ: INM) Updates Recent Product Diversification Efforts and Strategic Acquisitions Developments; Announces VP Of Sales & Marketing Appointment

In a recent update, InMed Pharmaceuticals president and CEO, Eric A. Adams, lauded the company’s progress and achievements so far, particularly with its product diversification and strategic acquisitions Adams noted the company’s commitment to launching more products and executing more programs to continue growing its product portfolio InMed also announced the appointment of Gerald (“Jerry”) P. Griffin III as Vice President of Sales and Marketing at BayMedica, its wholly-owned subsidiary In a conference call and webcast on February 15, 2022, Eric A. Adams, President and Chief Executive Officer of InMed Pharmaceuticals (NASDAQ: INM), emphasized the company’s successful product diversification and…

WednesdayMar 09, 2022 9:30 am

Flora Growth Corp. (NASDAQ: FLGC) Strengthens Foothold in U.S. Wellness Market with Acquisition of JustCBD, Appoints Jessie Casner as CMO

Flora Growth owns and operates a portfolio of brands offering wholesale products, consumer packaged goods, or pharmaceutical and medical products The three-pronged operational approach has allowed the company to substantially expand and accelerate its revenue growth over the short term Recently, Flora Growth added yet another brand, JustCBD, to its portfolio; JustCBD’s performance is expected to immediately contribute to FLGC’s 2022 revenues and earnings Flora Growth also appointed Jessie Casner as the Chief Marketing Officer; Ms. Casner will lead communications, narrative building, and consumer marketing strategies, in addition to crafting brand awareness activities Founded on the premise of becoming a…

WednesdayMar 09, 2022 4:25 am

420 with CNW — Online Article on Former President Clinton’s Favorable Comments on CBD Deleted

Cannabis is one of the most polarizing topics in America. While some wrongly believe that the controversial drug inevitably leads to addiction and criminal activity, others are appalled that millions of Americans have had their lives disrupted by what they see as draconian prohibition rules targeting a benign substance. With the White House, Senate and Congress in the hands of the Democrats, marijuana policy has become even more of a hot topic. A now-deleted news report from Cannabis & Tech Today stated that even former president Bill Clinton had heard about CBD’s potential as an alternative medicine. The article was…

TuesdayMar 08, 2022 4:20 pm

420 with CNW — Cannabis and Civil Rights Reformers Want Legalization Bill Voted on in March

Last week, cannabis advocacy groups joined with civil rights groups to come together through a coalition and address the U.S.House. Through a letter, the groups called for a floor vote on a bill this month that would legalize cannabis on a federal level as well as promote equity. More than 20 organizations, including the National Urban League, American Civil Liberties Union and Human Rights Watch, came together under the Marijuana Justice Coalition (“MJC”). The coalition has mentioned that reform is needed since vote delay will lead to an increase in incarceration rates for cannabis-related offenses. The bill in discussion is…

TuesdayMar 08, 2022 9:00 am

Advanced Container Technologies Inc. (ACTX) Is ‘One to Watch’

ACTX is the exclusive U.S. distributor of Grow Pods, environmentally controlled micro-farms that allow cultivation of ultra-clean crops year-round ACTX is exploring the acquisition of the assets and the assumption of some or all of the liabilities of GP Solutions Inc., the developer and manufacturer of Grow Pods ATCX is established in the rapidly growing cannabis packaging industry The company is well positioned in multiple recession-resistant markets Advanced Container Technologies (OTC: ACTX) is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented…

TuesdayMar 08, 2022 4:20 am

420 with CNW — Cannabis Companies in Germany Attract Investments as Nation Gears Up for Recreational Sales

Cannabis startups in Germany are experiencing an uptake in investment funding as they look to capitalize on the potential of legalization of recreational marijuana. This comes as the sector of medical marijuana, which is legal, is experiencing tremendous growth. Investment funding in the cannabis sector experienced a slow growth in 2020 before regaining its momentum last year. According to Stephen Murphy, the CEO and cofounder of marijuana research firm Prohibition Partners, this year has begun with a positive start as investors position themselves to benefit from the burgeoning market. Additionally, investors are looking forward to the legalization of recreational marijuana…

MondayMar 07, 2022 4:20 pm

420 with CNW — Local Authorities in California Start Granting Tax Relief to Cannabis Businesses

Local governments in the state of California are granting tax relief to marijuana businesses after state legislators failed to lower cannabis taxes. The tax rollbacks by counties and cities primarily reflect lobbying from local businesses and residents as well as industry organizations. The local governments have argued that taxing the industry at all levels of the supply chain is strengthening the illegal cannabis market while also making it hard for marijuana companies to stay afloat and conduct their business. Various localities including the counties of Sonoma and Humboldt and the cities of San Diego and Desert Hot Springs are a…

MondayMar 07, 2022 4:20 am

420 with CNW — Study Finds That Cannabis Use by Adolescents Doesn’t Affect Their Future Success

New research has found that the future success of adolescents who use amphetamines and marijuana will not be adversely affected if they quit the habit before hitting age 30. The study found that people who stopped using these drugs in early adulthood didn’t have lower life quality or relationship or economic success. The authors of the study explained that amphetamine and marijuana use and/or use disorder in adolescence didn’t appear to doom life success for individuals in adulthood, particularly for those who ceased using the drugs before the age of 30. The findings of this study were published I”n Addiction…

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