NewsRoom Articles - Page 247 of 603

ThursdayAug 19, 2021 4:20 am

420 with CNW — The Future Looks Promising for CBD Wellness Products

Forecasts show that the global market for CBD (cannabidiol), which is currently valued at $9.3 billion, will have reached almost $24 billion in revenue by the year 2025. The future is promising for businesses getting into the CBD market, given its expected compound annual growth rate of roughly 22%. Currently, North America is in the industry lead worldwide, making up 40% of the international CBD market share. However, it may not dominate the market much longer, as Europe is catching up with 30% market share. The Valens Company, which is a global leader in the manufacture of innovative CBD-based products,…

WednesdayAug 18, 2021 4:20 pm

420 with CNW — Emulsion: The Science Powering Cannabis-Infused Drinks

The past few years have seen the cannabis industry expand from only cannabis flower and edibles to all kinds of concentrates and infused beverages. Thanks to constantly improving technology, the average cannabis consumer has a wide variety of products to choose from, and at the moment, cannabis-infused drinks are enjoying a surge in popularity. But because cannabinoids such as THC and CBD, which are the chemical compounds responsible for cannabis’ effects, are not water soluble, players in the cannabis industry needed to find a way to infuse cannabis into beverages that ensured consistent product quality and user experience. Nano-emulsification turned…

WednesdayAug 18, 2021 9:30 am

American Cannabis Partners Produces Top-Grade Organic Cannabis While Emphasizing Social Responsibility and Sustainable Growing Practices

American Cannabis Partners provides organic medical-grade and recreational cannabis through sustainable and environmentally friendly growing practices 80% of production output supplies manufacturing, distribution, and retail licenses, 20% is distributed to select California distributors or will be sold under ZÜK brand at company retail location in Michigan Company leverages Link4 Corporation’s cloud-powered software and environmental control technology to develop specialized strains, maximize yields, reduce operating costs American Cannabis Partners (“ACP”), a privately-owned large-scale organic cannabis cultivation company, is committed to business operations that provide top-quality medical-grade and recreational cannabis while positively impacting the environment with sustainable growing practices. American Cannabis Partners…

WednesdayAug 18, 2021 9:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Patented Technology Increasing Effectiveness and Potentially Lowering Healthcare Costs

Company’s patented DehydraTECH(TM) technology is showing the potential of reducing healthcare costs by improving oral medication administration – using capsule and pill form over injection administration Lexaria’s offering could potentially offer accelerated regulatory filing with the FDA and other regulators around the world The company sub-licenses its DehydraTECH technology for the delivery of fat-soluble active molecules and drugs while also operating four subsidiary companies Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug-delivery platforms, recently announced results from an anti-viral drug molecular characterization study performed by the National Research Council (“NRC”). Results confirmed that the drugs tested remained stable and…

WednesdayAug 18, 2021 4:20 am

420 with CNW — Michigan AG Says Private Cannabis Use Shouldn’t Jeopardize Unemployment Benefits

For years, marijuana's classification at the federal level as a Schedule I controlled substance has been a major hurdle to the legal cannabis industry on a state level. Patients who use medical marijuana often face the risk of experiencing federal reprisals for taking part in an activity deemed legal by their home states and one that is geared towards improving their health and quality of life. Consequently, most federal organizations, which are required to adhere to federal policies, tend to deprive individuals who use state legal cannabis of certain benefits. Michigan's Attorney General Dana Nessel doesn't believe this should be…

TuesdayAug 17, 2021 4:20 pm

420 with CNW — What’s Driving the Renewed Interest in Hemp?

Hemp is a cannabis sativa plant species that has long been cultivated for industrial use. Unlike marijuana, it contains low levels of THC, which is the main psychoactive ingredient in marijuana that induces a high. Hemp is used in many products and materials. For instance, hemp is used in textiles to keep knees in jeans from wearing out because it is stronger than cotton. Some claim that the plant is also stronger than steel, which could explain why electric vehicle and car manufacturers use it to reinforce some vehicle components, such as door panels. A good example of this would…

TuesdayAug 17, 2021 4:20 am

420 with CNW — How to Use Supplemental Lighting While Growing Cannabis Outdoors

Cannabis is an interesting crop to cultivate. The crop is part of a group of plants that use photoperiodism to determine their biological calendar, which means they rely on the length of days and nights to initiate physiological changes. Simply put, a certain number of daylight hours will induce a specific developmental stage, with most cannabis growers applying more than 18 hours of light every day to keep their plants in the vegetative stage and 12 hours of light to induce flowering. When you mention supplementary lighting, most growers think of indoor grows that have no access to sunlight. However,…

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,…