NewsRoom Articles - Page 266 of 591

FridayApr 16, 2021 4:20 pm

420 with CNW — Ailing MTA Employee Mulls $5 Million Suit Against New York for Denying Him Medical Cannabis

Although more than 30 states have legalized some form of cannabis, the drug still remains illegal at the federal level. So while people in states with legal cannabis markets can consume cannabis legally, they are still liable to federal repercussions in certain situations. This is especially true for individuals who are employed by federal organizations, which base their policies on federal regulations and consequently penalize employees who use cannabis. An ailing Metropolitan Transportation Authority (“MTA”) worker found this out the hard way after the NYC Transit Authority suspended him and forced him to attend drug rehab classes for using medical…

FridayApr 16, 2021 12:20 pm

Largely Untapped Market for Hallucinogenic Draws Attention of Researchers at XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT)

XPhyto Therapeutics Corp., a life sciences technology accelerator, is looking for ways to turn promising psychedelics into therapeutic pharmaceutical drugs, and recently added mescaline to its study profile Mescaline is illegal under U.S. federal law, but some state-centric efforts to legalize or decriminalize the hallucinogenic have launched in a manner similar to the populace effort that produced a wave of cannabis product legalization Mescaline has historically defied predictable outcomes by researchers, but advocates cite it as a means of successfully treating some mental health and substance abuse disorders A number of psychedelics production stocks saw huge gains during the past…

FridayApr 16, 2021 4:20 am

420 with CNW — States Eyeing Marijuana Legalization in 2021

The past decade has been great for both recreational and medical cannabis, with more than 30 states legalizing some form of cannabis. The 2020 ballot saw five more states pass cannabis reform legislation, and 2021 is poised to be a good year for cannabis as well. Quite recently New York, New Mexico and Virginia passed legislation allowing recreational cannabis. Although it may seem like the wave of cannabis reform sweeping through the nation has reached its peak, the year is far from over. Lawmakers in several more states are still working on developing cannabis regulations and ending prohibition within their…

ThursdayApr 15, 2021 4:20 pm

420 with CNW — New Poll Finds Nearly Half of All Texans Empathize with Pandemic Marijuana Users

A survey conducted recently in the state of Texas has found that one in every five residents in the state have a more relaxed attitute toward the use of recreational cannabis. This comes at a time when several marijuana reform bills have been introduced during this legislative session in the state. The body that carried out the poll, Recovery.org, surveyed 3,000 residents in the state, with results revealing that 20% of those surveyed were more relaxed about using marijuana recreationally after experiencing a year of lockdown, as a result of the COVID-19 pandemic. Recovery.org stated that many individuals were able…

ThursdayApr 15, 2021 10:57 am

Green Hygienics Holdings Inc. (GRYN) Expanding Potential for Big Tobacco to enter CBD Cigarette Market

While more research is needed, a recent study provides some evidence that using CBD to transition from tobacco addiction holds significant promise Supply chain issues are the main barrier to entry to the CBD cigarette industry for big tobacco GRYN already owns the largest single industrial hemp for CBD farm in North America Big tobacco companies are already making strategic moves into the fast-growing hemp industry, as they are exploring hemp-based alternatives to tobacco. To make this move, they require a very large supply of quality industrial hemp from which they can derive the targeted CBD products, more specifically quality…

ThursdayApr 15, 2021 4:20 am

420 with CNW — Nevada Legislative Committee Approves Bill Allowing Marijuana Consumption Lounges

Last week, a legislation to permit on-site cannabis consumption lounges was approved in an Assembly committee in Nevada. Backed by Speaker Pro Tempore Steve Yeager, the bill would establish two new categories for marijuana business licenses in Nevada. One of the categories would cater for independent marijuana consumption lounges and the other for retail marijuana consumption lounges. Under the social use legislation, existing retailers will be allowed to apply for retail consumption lounge licenses as well as sell products to individuals aged 21 or older, which could be ingested on-site. However, independent lounges will be required to have cannabis products…

WednesdayApr 14, 2021 4:20 pm

420 with CNW — Why Cannabis Legalization in Virginia Could Trigger Federal Marijuana Policy Reform

At the moment, 36 states have legalized medical cannabis while 16 states allow recreational cannabis, showing that a majority of Americans support cannabis decriminalization. Although both New York and Virginia had legalized recreational cannabis by the end of March, it was the news that the Southern state had finally allowed adult-use marijuana that illustrated just how much the tide had changed in cannabis’ favor. With the Democratic Party in control of both the House and Senate and Senate Majority Leader Chuck Schumer gunning for federal legalization, the chances that we will soon see a federal cannabis legalization bill are pretty…

WednesdayApr 14, 2021 2:15 pm

Sonoma Biologics Corp. Is ‘One to Watch’

An ultra-premium cannabis grower for the medicinal and recreational cannabis markets in California, Sonoma Biologics Corp. is committed to using only organic-equivalent outdoor growing techniques to cultivate its cannabis product at a fraction of the cost of its competitors Sonoma Biologics’ target locations cover three well-known wine country counties, offering considerable branding opportunities The global market for legal cannabis is expected to reach $84 billion by 2028, growing at a CAGR of 14.3% from 2021 to 2028 The California market for cannabis is expected to reach $6 billion by 2025 and account for roughly a sixth of all legal cannabis…

WednesdayApr 14, 2021 4:20 am

420 with CNW — Legislators in Washington Hear Drug Decriminalization Bill After Supreme Court Ruling

Legislators in Washington state are weighing their options after a Supreme Court ruling annulled the state’s law that criminalizes drug possession. Of the many initiatives that have been introduced in response to the court’s February decision, it appears that Senate Bill 5476 will most likely be advanced before the end of the legislative session on April 25. If the bill passes, it would represent a shift toward a public health approach to substance use and abuse and away from the punitive war on drugs. Under the bill, the possession of “smaller” personal use amounts of controlled substances by individuals aged…

TuesdayApr 13, 2021 4:20 pm

420 with CNW — Texas Legislative Committee Unanimously Approves Medical Cannabis Expansion Bill

Last week, a Texas House committee voted in favor of a bill to expand the state’s medical cannabis program. One of a number of cannabis reform bills discussed by the legislature last week, the legislation was sponsored by House Public Health committee chair Stephanie Klick. The bill is designed to significantly expand Texas’ already-limited medical marijuana Compassionate Use Program (“TCUP”), adding a couple more conditions to the list of diseases that qualify patients for a medical marijuana prescription. Patients suffering from chronic pain and any type of cancer, as well as veterans with post-traumatic stress disorder, will now be able…

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