NewsRoom Articles - Page 271 of 618

FridayJul 16, 2021 4:20 pm

420 with CNW — 10 Senators Urge Feds to Grant Cannabis Firms Access to SBA Loans

America's state legal cannabis industry has been dubbed one of the fastest-growing industries in the country, but its federal classification has been a constant hindrance. While more than 30 states allow either medical or recreational cannabis, the federal government still classifies marijuana as a Schedule I controlled substance. Consequently, banks and financial institutions do not transact with businesses in the cannabis space, and, in many cases, they won’t even work with businesses that are indirectly connected to cannabis. In the wake of the coronavirus pandemic and the resultant financial crisis, a group of senators has urged the federal government to…

FridayJul 16, 2021 9:30 am

New Patent Expands Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Suite to 20 Granted Worldwide (First in Japan)

Drug delivery platform developer Lexaria Bioscience recently received its 20th patent — granted in Japan for beverages with lipophilic active agents The active agents include non-psychoactive cannabinoids and over-the-counter NSAIDS such as ibuprofen and aspirin that target pain and inflammation Lexaria’s DehydraTECH platform transforms drugs into a powder or liquid form that maintains the drug’s efficacy and allows it to be assimilated by the body more rapidly than normal oral ingestion of pills The company will also announce the latest results from six key R&D projects focusing on concentration levels, tolerability and avoidance of incidental new molecular entities (“NMEs”) soon…

FridayJul 16, 2021 9:00 am

Sugarmade Inc. (SGMD) Makes Mark in Expanding LA Cannabis Delivery Space

Cannabis sales in California hit $4.4 billion last year, up 57% from the year prior. Consumers are relying on home delivery for many goods, including cannabis. With its Nug Avenue acquisition, SGMD plans to make significant impact on LA cannabis delivery marketplace. Boasting the largest state economy in the country and the sixth largest economy in the world, California also tops the global marijuana market, with a Forbes article reporting that cannabis sales in the state hit$4.4 billion last year, up 57% from the year prior (https://cnw.fm/JOcb8). With much of that growth driven by increased use of delivery services as…

FridayJul 16, 2021 4:20 am

420 with CNW — The Basics of Setting Up a Green, Minimally Wasteful Cannabis Grow Facility

With at least 40 states allowing the cultivation and sale of either medical or recreational cannabis, the sector is larger than ever. Growing legal cannabis is now accessible to many, but it comes with plenty of of environmental considerations. Cannabis can be a pretty resource intensive plant, and illegal grows are known to demand a ton of water and electricity, so it is important for growers to ensure their operations are green and produce minimal waste. While this won’t come cheap, especially if you’re growing on a larger scale, ecological production, methods will result in a higher quality yield while…

ThursdayJul 15, 2021 4:20 pm

420 with CNW — How an Aeroponic Grow System Works

Ever heard of aeroponics? Well, if you haven’t, it is the process of growing plants in a mist or air environment without using soil. Instead of using soil, the roots dangle in the air and are sprayed with solutions laden with nutrients needed for growth, using specially designed devices. Aeroponic systems utilize soilless growing mediums, liquid nutrients and water to efficiently and quickly grow nutritious produce. To grow plants using this system, seeds are placed in pieces of foam, which are placed into tiny pots. The pots are then exposed to mist that’s filled with nutrients on one end and…

ThursdayJul 15, 2021 12:06 pm

Sugarmade Inc.’s (SGMD) Acquisition Strategy Moves Company Closer to Realizing Full Farm-to-Door Model

Most recently SGMD signed MOU to obtain three non-storefront California cannabis licenses. Sugarmade plans to open three new Nug Avenue cannabis delivery hubs in the Los Angeles metro area. In May, the company completed the acquisition of Lemon Glow Company Inc., along with all of its assets, interests, property and rights. In a series of strategic acquisitions, Sugarmade Inc. (OTC: SGMD) has strengthened its position as a growing presence in the California cannabis sector. The company, which is currently a central player in the state’s expanding cannabis delivery space, is focused on developing a full farm-to-door vertically integrated cannabis business. …

ThursdayJul 15, 2021 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Targeting Commercial Success with its Drug Delivery Technology

Lexaria is making progress with research on its DehydraTECH drug delivery technology Advanced 2nd-generation DehydraTECH 2.0 formulations utilized in ongoing hypertension studies The company intends to monetize its technology for commercial use Its quest for commercial success also follows its move to delist from the Canada Securities Exchange (“CSE”) to focus on the Nasdaq listing Lexaria Bioscience (NASDAQ: LEXX) continues to innovate with its DehydraTECH(TM) drug-delivery technology. It is constantly collaborating with research institutions and businesses to identify other new ways to improve its technology. So far, advanced DehydraTECH 2.0 formulations are already being used by the company in ongoing…

ThursdayJul 15, 2021 4:20 am

420 with CNW — Federal Economic Committee Recommends Marijuana Reclassification as Industry Continues to Grow

Last week, the White House Office of Management and Budget published a proposal in the federal register in which it provided policy recommendations for next year’s North American Industry Classification System (“NAICS”), which is utilized in the compilation of data on markets across Canada, Mexico and the United States, as well as in the classification of businesses. In a series of recommendations, the federal economic committee stated that the cannabis industry would keep growing, noting that steps needed to be taken to make certain that the growth was tracked under a system that would allow analysts to publish statistical data…

WednesdayJul 14, 2021 4:20 pm

420 with CNW — White House Asks for Comments on How Underserved Communities Face Barriers Due to Drug Policies

Despite starting with relatively noble intentions, the drug war is considered an unmitigated failure by many. Not only did it fail to sufficiently curb drug use or suppress the criminal enterprises behind the drug trade, but it also ensured that certain communities were intensely policed and harshly sentenced for decades. Now that America's state-legal cannabis sector is steadily growing, some policies from the drug war era that have endured may be creating “systemic barriers” for these communities. As such, the White House, via its drug policy arm, has opened a 30-day comment period in a bid to see whether existing…

WednesdayJul 14, 2021 9:07 am

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM) Positioned to Profit From Shifting Consumer Preferences For Legal Market, High-Quality Strains, Brand Recognition

Market for legal cannabis continues to mature, British Columbia government to allow cannabis home delivery starting July 15, 2021 PACR produces premium top-quality strains cultivated using genetics-first approach, catalog features 350 tested cultivars and 50 super-elite strains prized for unique cannabinoid profiles PACR leverages branding power through recent acquisition of legendary Lords of Grasstown brand inspired by Pacific Northwest motorcycle culture As the market for cannabis continues to shift towards legal avenues for product procurement, Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) (FSE: 4XM), a Canada-based cannabis company, continues to position itself for an increased market share through a…

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