NewsRoom Articles - Page 261 of 591

MondayMay 10, 2021 4:20 am

420 with CNW — New York to Generate More Than $240 Million Annually in Cannabis Sales by 2024

According to a recent budget analysis by New York’s comptroller, projections show that the state will be raking in more than $240 million in annual cannabis revenue in the near future. For the first year of marijuana sales, New York is expected to bring in only $20 million in fee and tax collections. This is part of a $26.7 billion evaluation in new revenues that the state is expected to bring in for its 2021/2022 fiscal year, under a budget that the state legislature approved in April. The analysis notes that the new revenue sources with the most substantial fiscal…

FridayMay 07, 2021 4:20 pm

420 with CNW — Israeli-Made Medical Marijuana Inhaler Gets Nod from Canadian Authorities

Although several studies have proven that cannabis can treat conditions such as chronic pain, medical cannabis patients do not have a safe way to consume the plant. Save for taking the cannabis orally, most means of consumption such as smoking the flower and vaping come with a degree of risk. And since a large portion of medical cannabis patients are either older or they have compromised immune systems, any risk could be fatal. Syqe Medical, a pharma-tech company based in Israel, has developed a proprietary medical cannabis delivery device that offers medical marijuana patients a much safer, more precise means…

FridayMay 07, 2021 4:20 am

420 with CNW — Texas House Approves Bill to Reduce Criminal Penalties for Cannabis Possession

Last week, the House in the state of Texas approved a measure that would decrease the criminal penalty for the possession of small amounts of cannabis, in addition to affording residents in the state who have been charged with cannabis possession the chance to expunge it from their records. House Bill 441 applies to the possession of an ounce or less of cannabis. Presently though, possessing up to two ounces of cannabis, which is equivalent to about 57 grams, is classified as a class B misdemeanor, which is punishable by a $2,000 fine and up to six months in jail.…

ThursdayMay 06, 2021 4:20 pm

420 with CNW — The Arguments For, Against Capping THC Concentration

Anyone who consumed cannabis in the ‘80s and ‘90s knows that these days, the compound is much stronger. The controversial plant is now allowed in several countries around the world with more than 40 states in America legalizing it in different ways. As the relatively young state-legal cannabis industry grows and matures, some have raised questions about marijuana's increasing potency and the effects it may have on developing brains. THC is the main cannabinoid responsible for cannabis's intoxicating effects, and as cannabis companies develop more potent products, lawmakers across the country have started talking about potency caps. However, these lawmakers…

ThursdayMay 06, 2021 11:33 am

USA CBD Expo Gears Up for In-person Trade Show During COVID Era

Scheduled June 11-13 at Atlanta’s massive Georgia World Congress Center Marks the resumption of in-person networking, with COVID health policies in place Over 300+ SMB vendors expected, with more than half of the booth sites committed Exclusive opportunities for industry buyers and sellers to connect Roster of more than 50+ CBD and hemp industry professionals for speaker slots Media exposure through event partners and attendees Tickets include general admission and varied industry professional options Cannabidiol (“CBD”) has long been recognized as a pain and anxiety-reducing substance, therapeutic in its ability to promote well-being. The USA CBD Expo is set to…

ThursdayMay 06, 2021 10:33 am

Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) Announces New Board Appointments; Company to Benefit from Diverse Expertise

GLDFF names Scott Secord as director, Richard Caral as board observer Golden Leaf looks to benefit from cannabis space, capital markets experience Board appointments announced as company gears up to change name to Chalice Brands Golden Leaf Holdings (CSE: GLH) (OTCQB: GLDFF), a premier, consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, has announced two changes to its impressive board of directors (https://cnw.fm/U1LPk). The company has appointed Scott Secord as a director and has named Richard Carl as board observer; both appointments will be effective immediately. “We are pleased to have Scott join the board immediately and for Richard…

ThursdayMay 06, 2021 4:20 am

420 with CNW — Researchers Debunk Lazy Stoner Mentality Surrounding Marijuana Use

A common notion that surrounds marijuana is that cannabis users are indolent individuals who are basically couch potatoes, vegging out while eating snacks in bed. While the origins of this stereotype aren’t clear, we can at least agree that marijuana helps individuals sleep, which isn’t a bad thing now, is it? Especially if you consider that one-third of all people in America have sleep problems. Now a recent study has found that it’s not only inaccurate to refer to stoners as lazy, but it’s also not true. As a matter of fact, the study found that frequent and light users…

WednesdayMay 05, 2021 4:20 pm

420 with CNW — Could Cannabis Legalization in New Mexico Hurt Nearby Colorado?

As more states legalize cannabis, the pioneers who launched the first state-legal cannabis sectors in the country may soon see their profits drop due to increasing competition. Colorado, for instance, has had a fantastic run so far. Its recreational cannabis industry has raked in nearly $10 billion dollars and filled the state's coffers with billions of dollars in cannabis taxes. However, now that next door neighbor New Mexico has legalized recreational marijuana, some cannabis operators in Colorado fear their profit margins will start thinning once New Mexico launches its cannabis industry in 2022. Colorado launched recreational cannabis sales in 2014,…

WednesdayMay 05, 2021 12:52 pm

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Agreement with Renowned Cannabis Farming Company Supports Focus on Genetics

Strategic licensing agreement with Phenome One key to Pac Roots success Pac Roots has unlimited access to one of Canada’s largest live genetic libraries for growing, breeding, cloning use Company’s passion is preserving excellence of elite strains while introducing highest quality of new strains From the beginning, Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) has been committed to quality. In fact, the company’s motto — the Future of Genetics: Quality over Quantity — captures the company’s unique expertise and focus on elite genetic development (https://cnw.fm/DQhiA). One of the key components of Pac Roots Cannabis’s business model is its…

WednesdayMay 05, 2021 11:26 am

Current Deficiencies in The Rational Development of CBD-based Wellness Products

Even major players in the CBD market do not offer detailed and verifiable study results to effectively differentiate their products on the basis of meaningful clinical findings, essentially exploiting the “natural” label without any R&D efforts This industry deficiency represents immense opportunities for R&D-driven companies such as Green Hygienics Green Hygienics intends to use its intellectual and capital resources to establish and apply state-of-the-art research and development to a new generation of cannabinoid-based products having specifically assessed health-wellness efficacies CBD Reality Check Interest in the therapeutic use of hemp-derived nonintoxicating cannabinoids, such as cannabidiol (“CBD”) and cannabigerol (“CBG”), has reached…