NewsRoom Articles - Page 226 of 617

ThursdayJan 13, 2022 4:20 am

420 with CNW — Illinois Breaks Yet Another Cannabis Sales Record in December

All things considered, 2021 was a pretty good year for cannabis. Unlike most sectors, the state-legal cannabis industry didn’t take much of a beating from the coronavirus pandemic, and when 2021 came to a close, cannabis businesses across the country were doing relatively well. So while businesses in other industries were struggling to recover from the crippling effects of the pandemic, marijuana sellers were making bank. For Illinois, 2021 was probably the best year the state’s cannabis industry had ever seen. Cannabis sellers in Illinois sold cannabis worth a whopping $137.9 million in December 2021, breaking yet another monthly sales…

WednesdayJan 12, 2022 4:20 pm

420 with CNW — Two DEA-Approved Firms Harvest Cannabis Crop, Ending MU Cultivation Monopoly

After more than five decades of being in place, the federal monopoly on marijuana manufacturing ended earlier last week. Before its cessation, only the University of Mississippi was allowed by the Drug Enforcement Administration (“DEA”) to grow cannabis for study purposes. The DEA had in the recent past announced that it would take action to end the monopoly and permit additional manufacturers. In May of last year, a number of companies received conditional approvals for their applications. Two of them — the Biopharmaceutical Research Company (“BRC”) and Groff North America Hemplex — revealed that they had recently received official registration…

WednesdayJan 12, 2022 9:30 am

Flora Growth Corp. (NASDAQ: FLGC) Distribution Deal Increases CBD Product Reach to Mexico, Latin America

Plant-based wellness and lifestyle brand cultivator Flora Growth Corp. is building on its initial revenues from 2021 with distribution expansion into Mexico The company will initially distribute a portfolio of 12 Mind Naturals skincare products through e-commerce but intends to eventually locate its products in brick-and-mortar stores The company’s deal with Mexican department store Coppel gives it a reach nationwide through its online marketplace and, perhaps eventually, Coppel’s 1,253 stores Flora Growth’s products will also be distributed through global retail giant Walmart’s e-commerce platform — one of the leading retail chains in Central America The company also has an outdoor…

WednesdayJan 12, 2022 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Celebrates Productive Year for Blood Pressure Drug Solution with Eye on Advancing Clinical Studies in 2022

Lexaria Bioscience’s ongoing human clinical studies for its patented and trademarked DehydraTECH technology have yielded progressively optimistic results in 2021 regarding DehydraTECH’s ability to provide effective solutions for the cardiovascular industry DehydraTECH is being studied for its capacity to improve CBD’s ability to reduce high blood pressure in a rapid and sustainable manner that exceeds the ability of a generic CBD formulation DehydraTECH-CBD underwent three human clinical studies in 2021 that examined its ability to reduce arterial stiffness and blood pressure without creating unintended negative consequences A fourth, more comprehensive study was approved at year’s end, as the next step…

WednesdayJan 12, 2022 4:20 am

420 with CNW — Eight Marijuana Trends Likely to Play Out in 2022

Marijuana industry executives should pay attention to both positive and negative trends in the industry this year. While some will be a continuation from last year, some will be new to the industry. Below is a list of some trends to be on the lookout for this year. More states will legalize cannabis. More states are expected to legalize cannabis this year, including Delaware, Maryland and Rhode Island, which may legalize the herb for recreational use. States such as North Carolina, South Carolina, Kansas and Mississippi are also expected to legalize cannabis for medical use. However, the federal government’s stance…

TuesdayJan 11, 2022 4:20 pm

420 with CNW — Colorado Governor Signs 1,300 Marijuana Pardons

America’s cannabis sector may have generated billions of dollars and created hundreds of thousands of new jobs, but its most significant achievement has been alleviating the effects of the drug war. Ostensibly started to reduce drug abuse rates and hit the criminal enterprises behind the drug trade where it hurts most — their wallets — the war on drugs failed to achieve its objectives and instead ruined plenty of lives. As a wave of drug reform sweeps across the country, several state leaders have been working to mitigate the disproportionate effects of the drug war and give the victims a new…

TuesdayJan 11, 2022 10:32 am

Q3 Report Notes Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Revenue Growth of 93 percent YOY

Red White & Bloom Brands is a cannabis multi-state operator building on opportunities in Michigan, Florida, Illinois, California, Arizona, Oklahoma and Massachusetts to create a synergistic portfolio throughout North America RWB is also building its hemp-based CBD products retail throughout the United States and into international markets The company has released its third quarter financial report on revenue growth, operational development and progress in finalizing additional agreements The report notes revenues grew from $6.1 million to $11.8 million year-over-year, largely as the result of its acquisition of its premium Platinum Vape The company anticipated having 30 grow pods in place…

TuesdayJan 11, 2022 4:20 am

420 with CNW — Study Finds Cannabis Decriminalization Decreases Racial Disparities, Arrests

A new study has found that cannabis decriminalization causes a reduction in arrests for possession as well as decreases racial disparities in other arrests. The University of California-San Diego researchers who conducted the study obtained data from the FBI Uniform Crime Report for their research. The researchers assessed data from 37 states, which was collected between 2000 and 2019, to determine the impact of policies to decriminalize the herb. In their paper, the researchers stated that minorities often bore the burden of the unequal enforcement of laws on drugs, explaining that in the United States, Blacks were more likely to…

MondayJan 10, 2022 4:20 pm

420 with CNW — Governors Celebrate 2021 Cannabis Reforms as 2022 Gets Underway

The past couple of years have been good for the cannabis industry. The industry managed to weather the coronavirus pandemic much better than other sectors, keeping most cannabis employees working and selling even more cannabis products than before the pandemic. However, the best developments have been on the legal side. Federal lawmakers are working on passing cannabis legislation at the federal level, and several states passed some form of cannabis legalization. Now that 2021 has finally run its course, let’s look at some of the most prominent marijuana reform accomplishments of the year. Connecticut, which still has a completely green…

MondayJan 10, 2022 12:47 pm

CannabisNewsWire Recaps NCIA’s 7th Annual Cannabis Business Summit & Expo

To great acclaim, the National Cannabis Industry Association (“NCIA”) held its 7th Annual Cannabis Business Summit & Expo at San Francisco’s Moscone Center on December 15-17, 2021. As the oldest and largest trade association representing legal cannabis businesses, NCIA gathered together more than 125 expert speakers in over 80 educational sessions, as well as hundreds of exhibitors from across the cannabis ecosystem, for the industry’s most influential B2B event and trade show. Attendees from across the country were welcomed by San Francisco Mayor, London Breed. Her opening address honored the 30th anniversary of the Proposition P ballot initiative, which was…