NewsRoom Articles - Page 220 of 596

WednesdayNov 10, 2021 4:20 pm

420 with CNW — The EU Legalizes CBD as Cosmetics Ingredient

Despite the CBD industry’s runaway success in the past couple of years, the sector’s position in several territories is tenuous at best. A relatively new product, cannabidiol (“CBD”) has attracted a ton of consumer attention thanks to claims of its medical efficacy. However, experts say that the hype has outpaced science because there is limited research into the possible benefits and risks of CBD. Furthermore, the European Cosmetic Regulation 1224/2009 prohibits the use of cannabis and its extracts in cosmetics. European authorities have been quite strict against firms in the CBD space as a result, passing policies such as the…

WednesdayNov 10, 2021 12:15 pm

InMed Pharmaceuticals Inc. (NASDAQ: INM) Files International Patent Application for Treating Neurodegenerative Diseases Using a New Rare Cannabinoid

InMed Pharmaceuticals has filed an international patent application that specifies a rare cannabinoid that may inhibit or slow the progression of neurodegenerative disease and potentially enhance the neuronal function With neurogenerative diseases affecting millions worldwide and the cost of treating patients expected to rise in the future, finding treatments and cures is a matter of increasing urgency InMed’s patent application is a promising start, expanding the company’s patent portfolio, which currently includes twelve patent families InMed Pharmaceuticals (NASDAQ: INM), a global leader in the manufacturing and pharmaceutical development of rare cannabinoids, recently filed a Patent Cooperation Treaty (“PCT”) application, titled…

WednesdayNov 10, 2021 11:24 am

Sugarmade Inc. (SGMD) Looks to Leverage Expertise as It Eyes Projected Double-Digit CAGR Growth

Global cannabis market estimated to reach $19.89 billion in 2021, projected to grow at a CAGR of 27% North America projected to record the highest market share during the forecast period SGMD is expanding role as a central player in growing California cannabis delivery marketplace, developing in-house cannabis production capacity As growing numbers of consumers around the world become more aware of the potential benefits of cannabis, the market is projected to see significant growth. A new report notes that the global cannabis market is estimated to grow at a CAGR of 27.0% from 2021 to 2030 (https://cnw.fm/KHrYH). That anticipated…

WednesdayNov 10, 2021 4:20 am

420 with CNW — New Cannabis Users Show Soft Spot for Beverages, Edibles

America’s cannabis industry has achieved a great deal despite its young age. Initially, smoking cannabis flower was the most common consumption method, but as the industry matured, cannabis companies started developing alternative marijuana products. Customers can now buy a wide variety of cannabis-infused edibles and concentrates, which were a lot safer than flower because they do not involve smoking. However, if the cannabis market has proved one thing, it’s that it is constantly in flux, with customer preferences evolving and companied coming up with new products to meet demand. These days, edibles and beverages are winning over more new users…

TuesdayNov 09, 2021 4:20 pm

420 with CNW — Cannabis Retailers Find New Ways to Gain More Consumers

The legal cannabis industry has grown competitive as time has gone by and more companies have ventured into the lucrative space. This has led companies to go the extra mile to get more consumers, by incorporating more features into their retail operations that allow them to stand out. Figures show that last year, the average retail size space in marijuana stores grew amid increasing consumer demand, with sizes increasing 35% and 50% for recreational shops and medical dispensaries respectively. David Fettner, a managing partner at Grow America Builders, reveals that in states where the recreational market is more mature and…

TuesdayNov 09, 2021 4:20 am

420 with CNW — Yet Another Study Says Government-Sourced Marijuana Akin to Hemp

Cannabis research has been hampered by federal law for decades. Only one institution, the University of Mississippi, has been allowed by the Drug Enforcement Administration (DEA) to cultivate cannabis for research purposes, and researchers have long said that the plant material provided by the university is subpar and does not measure up to the cannabis sold in dispensaries across the country. With some studies finding that this cannabis is often contaminated by mold in many cases, industry stakeholders have argued that the DEA needs to approve more cultivators. Now a new study has revealed what most cannabis researchers already suspected:…

MondayNov 08, 2021 4:20 pm

420 with CNW — Study Finds That Army Recruits with History of Cannabis Use Perform Like Other Soldiers

A new analysis funded by the government has found that past marijuana use has little to no effect on overall performance of army recruits. The analysis found that recruits who had a history of cannabis use were just as likely as their peers to advance in rank. They were also more likely to leave the army due to drug issues but less likely to leave as a result of performance or health issues. The analysis also found no evidence that the legalization trend spreading across the United States had affected recruit outcomes. The report, which was compiled by the RAND…

MondayNov 08, 2021 1:59 pm

Simply Sonoma Inc. Looking to Establish Strong Presence in Growing CBD Skin-Care Market

The CBD skin-care sector has been projected to reach $1.7 billion by 2025 Market growth has been driven by rising awareness about the benefits of CBD-infused beauty products. Simply Sonoma anticipates releasing an array of face and skin creams, moisturizers and beauty products. Interest in cannabidiol, or CBD, is exploding as the substance has been shown to have myriad benefits. A chemical derived from cannabis, CBD has been included in everything from gummies to dog treats and more. One of the sectors showing impressive potential is skin care, a market that has been projected to reach $1.7 billion by 2025…

MondayNov 08, 2021 11:59 am

Sugarmade Inc. (SGMD) Continues Commitment to Excellence as Cannabis Bill Creates State Regulatory Framework

Assembly Bill 45 provide clarity for the hemp industry and reassures consumers that products are independently tested and labeled properly Bill allows the sale of hemp-derived extracts that comply with testing and labeling standards SGMD, Nug Avenue committed to providing convenient mobile ordering and online access to its exclusive, quality products Keeping in line with its reputation for leading the way forward in cannabis acceptance and legislation, California lawmakers and government officials have approved an historic hemp bill (https://cnw.fm/9RsrZ). The bill — Assembly Bill 45 (AB-45) — creates a comprehensive regulatory framework for the manufacture and sale of hemp-derived products in…

MondayNov 08, 2021 4:20 am

420 with CNW — Study Finds Cannabis Legalization Has No Link to Increased Suicide, Mental Illness

Legalizing cannabis was always going to be a controversial move. After decades of prohibition and anti-marijuana propaganda, drug reform activists had a difficult task at hand, and opponents to drug reform did not make their jobs any easier. While cannabis advocates said that decriminalizing cannabis would reduce incarceration rates for nonviolent drug offenses, create plenty of new jobs and generate tax revenue for states, opponents argued that doing so would open a Pandora’s box with untold consequences on society. They said that allowing cannabis sales would increase drug usage among teens, boost criminal activity, lead to an overall decline in…