NewsRoom Articles - Page 231 of 600

MondayOct 11, 2021 4:20 pm

420 with CNW — Congresswoman Previews Hemp Legislation That Will Ease Industry Restrictions

Hemp was federally legalized under the 2018 Farm Bill, which allowed farmers to begin growing this multifaceted crop. However, Congressional legislators are still working on changes to laws which govern the crop. Recently, Rep. Chellie Pingree previewed a bill that would ease restrictions on this flourishing industry. The bill, called the Hemp Advancement Act, includes a provision that will remove a ban that prevents individuals with felony drug convictions that date back to the last decade from acquiring a business license for the crop or participating in the market. Pingree stated that the provision disproportionately excluded people of color from…

MondayOct 11, 2021 2:19 pm

USA CBD Expo’s Chicago Conference Set to Take Place on October 28-30, 2021

USA CBD Expo will host their upcoming October conference at Chicago’s McCormick Place between October 28-30, 2021. Forming part of the nation’s largest CBD event series, the USA CBD Expo will cater to CBD industry newcomers and seasoned industry professionals alike The conference will play feature a series of keynote presentations and discussions delivered by some of the industry’s leading thinkers and innovators In addition, the Expo will also be host to over 500 of the industry’s largest and most pioneering brands who will showcase their diverse product ranges under a single roof USA CBD Expo is set to host…

MondayOct 11, 2021 1:43 pm

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Completes Refinancing Amid Multi-state Drive to Roll Out Cannabis Brands

Multi-State Operator Red White & Bloom Brands is a cannabis retail opportunity builder expanding via acquisitions to create a synergistic portfolio throughout North America The company recently completed strategic refinancing that reorganizes its debt under an agreement that matures in January 2023 The company continues aiming to improve its EBITDA margins under a harmonious High Times brand throughout its retail stores in Michigan, Florida, and Illinois, and it continues to build additional opportunities in California, Arizona, Oklahoma, and Massachusetts North America is set to become the dominant producer market for cannabis, and Red White & Bloom’s multi-state operator efforts are…

MondayOct 11, 2021 1:17 pm

Flora Growth Corp.’s (NASDAQ: FLGC) Expanding into Global Markets

Flora Growth recently announced it had signed an LOI to provide a Panama-based international importer and distributor with cannabinoid-containing food and beverages The announcement followed on the heels of regulatory changes passed by Panama’s National Legislative Assembly, which legalized the use of medical cannabis and its therapeutic properties In July, Flora Growth signed an LOI with an international distributor to supply its dried flower and derivatives, an immediate result of the legalization of the export of dried cannabis flower by Colombia’s government As a wave of cannabis-focused regulatory changes sweeps across Latin America and the world at large, Flora Growth…

MondayOct 11, 2021 4:20 am

420 with CNW — New Report Forecasts Significant Growth for Global Marijuana Sales

A new report that focuses on the rapid growth of both recreational and medical marijuana sales has been released by New Frontier Data. The report looks at what to expect in the international marijuana industry over the next couple of years, while analyzing the future and current trends in the international markets of Africa, Asia, Oceania, the Caribbean, Latin America, Europe and North America. In a letter included in the report, Giadha A. DeCarcer, executive chair, publisher and founder of New Frontier Data, stated that the industry would continue to expand and grow. DeCarcer explained that when the first global…

FridayOct 08, 2021 4:20 pm

420 with CNW — Humboldt County OKs $1M Grant Targeting Marijuana Growers

Despite its relatively young age, America's state-legal cannabis industry has been insanely lucrative. In just a few short years, the sector has generated billions of dollars in revenue, created hundreds of thousands of new employment opportunities, and filling state coffers with millions in tax revenue. However, while some cannabis farmers and companies have been laughing all the way to the bank, others are struggling to keep their heads above water and barely holding on. It has gotten so bad that California's Humboldt County has okayed a $1 million grant to help cannabis cultivators survive amid a significant drop in cannabis…

FridayOct 08, 2021 1:12 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Positive Outcome of NIC-A21-1 Study Using DehydraTECH(TM)-Nicotine Pouches

The company believes that the study findings support its patented DehydraTECH(TM) system as being the world’s fastest-acting nicotine through oral absorption and a safer nicotine alternative for the 1.1 billion smokers of the world Plans for a human trial are in the design process, and Lexaria intends to use existing capital to execute the study The global nicotine pouch market is expected to grow to a total revenue of $21.84 billion by the end of 2027, a CAGR growth of 30.7% over the forecast period A leader in innovative drug delivery platforms, Lexaria Bioscience (NASDAQ: LEXX) has announced the results…

FridayOct 08, 2021 4:20 am

420 with CNW — As Millennials Shun Alcohol, Alcohol Firms Start Eyeing Cannabis Drinks Segment

Millennials have been at the forefront of change for quite a while now. They were the first generation to grow up with the internet, and they played a significant role in the development of e-commerce. They are also holding off on homeownership, are waiting longer to marry, and have fewer kids. They are not concerned with living the way past generations did; rather, they are doing their own thing, and society tends to follow in their steps. Now, the generation's growing aversion to alcohol may very well revolutionize the beverage industry and elevate a burgeoning cannabis segment in the process.…

ThursdayOct 07, 2021 4:20 pm

420 with CNW — Schumer Reveals Key Senators Agree Cannabis Banking Will Be Addressed After Legalization

In a recent interview, Senate Majority Leader Chuck Schumer revealed that he and his colleagues who are working to advance a bill to legalize cannabis at the federal level have a consensus to not get involved in the marijuana banking legislation until more broad reforms are advanced. Schumer noted that he was open to exploring alternative ways to advance the banking reform if legislators were able to include social equity provisions of legalization, such as expungements for previous marijuana convictions, into the defense policy bill that the chamber will be discussing in the coming weeks. The interview was conducted on…

ThursdayOct 07, 2021 3:03 pm

New Heights Summit on October 25th to Provide Key Insights on COVID Economic Recovery Opportunities Through Cannabis Tourism

3rd annual event to feature groundbreaking learnings from Canadian Cannabis Tourism Research Study The third annual New Heights Cannabis Tourism Summit will take place Monday, October 25, 2021, and will reunite the cannabis and tourism industries virtually. In partnership with the Tourism Industry Association of Ontario (TIAO), the event provides an opportunity to understand new strategies, gain insights, network and engage with peers who work in the tourism and cannabis industries. Attendees will hear from Canadian experts in the cannabis tourism space who are tackling the challenges facing the industry today in order to grow tomorrow. The event will include…