NewsRoom Articles - Page 219 of 592

TuesdayOct 26, 2021 4:20 am

420 with CNW — How Tech Is Transforming the Marijuana Industry

Despite being one of the youngest sectors in the country, the United States’ state-legal cannabis industry has been dubbed the fastest growing industry in the country. Cannabis companies have generated billions of dollars in revenue in the few years cannabis has been legal, providing hundreds of thousands of job opportunities and filling state coffers with millions in cannabis tax revenue. The industry is projected to undergo exponential growth in the next couple of years, pulling in a whopping $43 billion in legal cannabis sales by 2025. However, cannabis could not have gotten to where it is so far without technological…

MondayOct 25, 2021 4:20 pm

420 with CNW — Nearly Half of American Consumers Prefer Cannabis over Alcohol

A report recently published by New Frontier Data examined different features of health and wellness-related consumption patterns among current marijuana consumers in the United States. New Frontier Data is the leading technology, data and analytics company that specializes in the global marijuana industry. The latest report was released in partnership with Jointly and SōRSE. Marijuana legalization in different states across the country has allowed marijuana-friendly yoga spaces and marijuana social lounges to be established as alternatives to conventional spaces. Currently, medical marijuana is legal in 36 states in the United States. while its recreational use is legal in 18 states,…

MondayOct 25, 2021 11:11 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Subsidiary Completes Development of Licensed Apopka Facility, Commences Cultivation Targeting Q4 Harvest

Red White & Bloom completed the build-out of its Apopka facility – phase one of a development strategy – and immediately commenced cultivation following the receipt of a cultivation license The initial licensed area is projected to generate annual revenue in excess of $10 million The Apopka facility will support phase two of the strategy, which entails the activation of thirty customized, self-contained growing pods Phase three will involve the activation of a 113,000 SF facility for cultivation located in Sanderson Upon closing the acquisition of an operational 45,000 square-foot greenhouse situated on 4.7 acres of land in Apopka, Florida…

MondayOct 25, 2021 4:20 am

420 with CNW — New Study Concludes That Crime Reduction Effects of Cannabis Legalization Are Underestimated

For years, drug-reform activists in America argued that the country’s prohibitionist policies were counterproductive; instead of curbing drug abuse and crippling the criminal enterprises behind the drug trade, prohibition has imprisoned countless people of color for minor drug charges, shackling them with criminal records for the rest of their lives, and enriched the drug cartels that supply the black market with drugs. Decades after former President Richard Nixon declared the war on drugs, the movement has been declared a failure by most pundits. Drug-reform advocates argued that rather than prohibit the sale of cannabis, launching a legal, regulated market would…

FridayOct 22, 2021 4:20 pm

420 with CNW — Cannabis Legalization Caused Significant Decline in Illegal Cannabis Seizure Samples

Research led by a top cannabis investigator for the federal government revealed that state-level cannabis legalization has left the DEA with few samples of seized illicit marijuana to analyse. This finding supports the claim made by legalization advocates that consumer demand for unregulated marijuana from illicit channels will decrease as more legal markets are established. The study, which was published in the “Biological Psychiatry” journal, was authored by Mahmoud ElSohly. ElSohly is in charge of the country’s sole federally authorized marijuana growing facility at the University of Mississippi. The study states that the number of samples received over the last…

FridayOct 22, 2021 9:00 am

Hero Technologies Inc. (HENC) Committed to Sustainability in Cannabis Cultivation Operations

CSU report notes that some forms of artificial cannabis plant production might not be environmentally friendly HENC sees environmental sustainability and minimizing carbon footprint as synonymous with being good corporate citizens and running a profitable business Company’s proprietary aeroponic cultivation system, high-tech sun chambers have minimal environment impact In an atmosphere focused on sustainability and the environment, many consumers are taking a closer look at how things are made and the impact those things have on the world. Cannabis cultivation has not gone unnoticed, with a recent Colorado State University (“CSU”) report shining a spotlight on the sector (https://ibn.fm/jK31I). Committed…

FridayOct 22, 2021 9:00 am

New Study Underscores Rapidity of Oral Drug Bio-delivery Using Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Technology as an Alternative to Smoking and Vaping

Oral drug delivery innovator Lexaria Bioscience is focused on providing alternatives to smoked or inhaled tobacco and cannabis products to help consumers reduce the threat to their lungs Lexaria’s patented technology — DehydraTECH(TM) — is a solution that processes active pharmaceutical ingredients into a powder or liquid form that can then be ingested with less harm than inhalation, while providing rapidity similar to inhalation substances DehydraTECH has previously shown the ability to move CBD into test subjects’ bloodstreams up to 20-fold higher than standard generic formulations New testing shows that DehydraTECH can similarly deliver THC to test subjects’ bloodstreams at…

FridayOct 22, 2021 4:20 am

420 with CNW — Must-Know Benefits of Diapers Made from Hemp

Until a couple of years ago, the cultivation and sale of hemp were outlawed in the United States. Thanks to the 2018 Farm Bill, however, farmers can now grow hemp once their states or tribes opt into the hemp program and draft rules for the hemp market. Hemp and marijuana are from the same family of plants with the caveat that hemp does not intoxicate users because it has limited amounts of THC, the chemical compound responsible for marijuana’s psychoactive effects. Despite this, hemp has enjoyed continued demand since commercial cultivation thanks to its wide variety of applications. Hemp has…

ThursdayOct 21, 2021 4:20 pm

420 with CNW — New CBD Law in California Draws Industry-Wide Attention

Last week, the governor of California signed into law a reform that opens the state’s economy globally to manufacturers of hemp-derived CBD products. The bill the governor signed, dubbed AB45, creates a framework for the manufacture and sale of hemp-derived products in the state. The measure will allow hemp-derived CBD products to be sold to the state’s adult-use or medical cannabis retailers, with forecasts showing that those stores will hit sales of between $4.8 billion and $5.7 billion this year. Canopy Growth Corp.’s (TSX: WEED) (NASDAQ: CGC) head of lobbying, David Culver, states that officials had been working on this…

ThursdayOct 21, 2021 12:50 pm

Flora Growth Corp.’s (NASDAQ: FLGC) Leadership and Advisory Team Steering Company to Greater Heights

The growing cannabis industry is experiencing a rise in demand for experienced business executives to guide companies toward the top Flora Growth, which has achieved numerous milestones, is a testament to the importance of experienced leadership Established in 2019, Flora was the first all-outdoor cannabis cultivation company to list on NASDAQ and has the largest licensed cultivation footprint in Colombia The company also boasts the lowest production cost in the world of $0.06 per gram of dried flower Flora’s adherence to strict industry standards and prudent management of its finances positions it to become a global leader in the cannabis…