NewsRoom Articles - Page 241 of 596

MondayAug 16, 2021 4:20 pm

420 with CNW — Illinois Sets New Recreational Cannabis Monthly Sales Record

The Department of Financial and Professional Regulation in the state of Illinois has revealed that legal cannabis sales in July 2021 broke the state’s record, with more than $125 million in gross recreational receipts. This figure is about $10 million higher than the state’s prior sales record, which was set in May of this year. This shows that despite the growing economic uncertainty and the ongoing pandemic, Illinois’ popular marijuana program is continuing to prosper. Data released shows that last month, consumers bought more than 2.8 million individual marijuana items, which is another monthly record. About 69% of the total…

MondayAug 16, 2021 9:30 am

Flora Growth Corp. (NASDAQ: FLGC) Marks Huge Milestone With The Fulfilment of Its Initial Purchase Order Valued at US$1.1m; Set to Hold First Half 2021 Earnings Call on August 19

Kasa, Flora’s food and beverage division, announced that it had completed its first purchase order valued at approximately US$1.1m This fulfillment is in line with the sales agreement with Tropi, the largest distributor in Colombia, that dates back to July 2021 and is set to last for a year This initial sale demonstrated the company’s ability to follow through with its commitments Flora is also set to hold its earnings call for the first half of the 2021 fiscal year The virtual event is scheduled for Thursday, August 19, 2021, at 4:30 p.m. E.T. Back in July 2021, Flora Growth…

MondayAug 16, 2021 4:20 am

420 with CNW — Forecasts Show States Will Earn Higher Tax Revenues from Cannabis in 2021

Over the past few years, America's state legal cannabis sector has proven to be both resilient and lucrative. As one of the few industries declared essential during the onset of the coronavirus pandemic, cannabis saw increased sales month over month, providing states with much needed tax revenue at a time when their coffers were running low. More than a dozen states have already legalized recreational marijuana, and this year alone has seen New York, New Mexico, Virginia, and Connecticut pass adult use legislation, bringing the total number of states with recreational markets to 19. As these recreational cannabis markets mature,…

FridayAug 13, 2021 4:20 pm

420 with CNW — Retired NFL Player Unveils Novel CBD Products Derived from Orange Peels

If you thought you had heard it all with regard to CBD, here is a shocker: your next dose of CBD could be extracted from orange peels. Before you think this will be in the distant future, a company started by a former NFL star has launched this orange-peel -derived CBD, and you can buy yourself a bottle online today. Peels, as the orange-peel CBD firm is called, says that its product will be purer, more consistent, more stable and have absolutely no THC in it. Chris Hetherington, the founder of Peels, explains that these benefits will make Peels’s CBD…

FridayAug 13, 2021 4:20 am

420 with CNW — SAMHSA Funding Restrictions Eased in Relation to Medical Marijuana

Although more than 30 states have legalized medical marijuana and lawmakers are now working on legislation to federally deschedule cannabis, the industry has constantly been weighed down by prohibition. Thanks to marijuana’s status as a Schedule I controlled substance at the federal level, federal agencies tend to take a hard line against the substance. The Substance Abuse and Mental Services Administration (“SAMHSA”) has in the past taken such a stance, unequivocally stating that its grant funds cannot be used to buy, prescribe and provide cannabis or treatment via medical marijuana. However, cannabis reform activists will be happy to know that…

ThursdayAug 12, 2021 4:20 pm

420 with CNW — Data Forecasts Global Marijuana Drinks Market to Hit $6B by 2030

A recently released report by Fact.MR forecasts that this year the global marijuana-infused drinks market will experience significant growth. Projections also show that a decade from now, the market’s revenues will have grown by more than 20 times, with a compound annual growth rate of about 38% to reach roughly $6 billion. Marijuana is legal in more than 35 states for medical use and in 16 states for recreational use. The herb’s legalization has prompted an increase in the demand for marijuana and marijuana goods. This has led to more marijuana-infused beverage businesses entering the market in an attempt to…

ThursdayAug 12, 2021 4:20 am

420 with CNW — Federal Agency Publishes Maiden THC, CBD Testing Variability Report

Despite being one of the youngest sectors in America, cannabis is one of the country's fastest-growing spaces. Cannabis and hemp products have become extremely popular, with the sector being one of the few spaces emerging from the coronavirus pandemic relatively unscathed and actually seeing increasing sales. However, one issue that has plagued America's state-legal cannabis industry has been cannabinoid testing. The 2018 Farm Bill, which legalized the cultivation and sale of industrial hemp and its cannabinoids, placed a 0.3% THC limit for legal hemp. But most laboratories that test for THC, CBD and other cannabinoids often come back with different…

WednesdayAug 11, 2021 4:20 pm

420 with CNW — Senate Appropriations Committee Urges Federal Agencies to Reconsider THC Cap for Hemp Products

Last week, the U.S. Senate Appropriations committee voted to approve a bill urging federal authorities to create a regulatory mechanism for cannabidiol products and rethink THC restrictions on hemp. These provisions were among others passed by the Senate committee while working on a bill to fund the U.S. Department of Agriculture as well as other federal departments and agencies for next year’s fiscal year. The bill would also maintain a rider, which protects state-level hemp programs from interference by federal authorities. Below are some of the marijuana-linked provisions supported by the committee, many of which are akin to the resolutions…

WednesdayAug 11, 2021 12:47 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Releases Partial Results from Human Clinical Trial of DehydraTECH(TM)-Processed Cannabidiol for Hypertension

Clinical study HYPER-H21-1 evaluates the use of patented DehydraTECH(TM)-processed CBD for use against hypertension Hypertension is a primary or contributing factor in the death of almost 500,000 people per year, with approximately one in four adults aged 20 to 44 suffering from high blood pressure Initial results of the study show that blood pressure was reduced in both male and female volunteers, resulting in the reinforcement of pre-existing findings demonstrating that DehydraTECH delivers superior performance Lexaria plans on launching two additional clinical trials, for a total of three clinical trials in 2021 for the DehydraTECH-CBD with hypertension applications Lexaria (NASDAQ:…

WednesdayAug 11, 2021 4:20 am

420 with CNW— Is it Worthwhile to Use CBD Beauty Products?

Cannabidiol, or CBD for short, is one of the chemical compounds found in the cannabis plant. This cannabinoid is all the rage these days and can be found in a huge variety of products including water, sweets, snacks and even your morning cup of coffee. It is also now being included in body care products such as face masks, moisturizers, body lotions and even lip care products. But should you spend your hard-earned money on these products? While scientific evidence of their benefit is still scant, a number of studies suggest CBD beauty products may offer some benefits. For example,…