NewsRoom Articles - Page 281 of 606

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…

TuesdayApr 13, 2021 4:20 am

420 with CNW — West Virginia Medical Cannabis Edibles Bill Appears Stalled

Although West Virginia passed a bill to legalize medical cannabis back in 2017, the state still hasn’t launched a medical marijuana industry. Now it seems like a bill that would have expanded the space to include cannabis edibles has stalled in a state health committee. Bill SB 590, which was introduced by Senators Mike Woelfel, Stephen Baldwin, Shelley Moore Capito, Ron Stollings, and Richard David Lindsay II would have allowed the state’s medical cannabis program to incorporate edibles, but it looks like its chances of moving forward are slim. On March 24, the Senate overwhelmingly voted in favor of the…

MondayApr 12, 2021 4:20 pm

420 with CNW — Activist Sues Governor Over Delay in Seeking Medical Cannabis Exemption

A cannabis activist from Iowa is suing the state’s governor based on the argument that the state’s Department of Health has taken too long to request for the federal exemption of the state’s medical marijuana program from the DEA as stipulated in a legislation that was signed in 2020. Carl Olsen claimed that Gov. Kim Reynolds had failed to make sure that the law was effectively carried out, adding that the state should submit a federal exemption request for its medical marijuana program promptly. Olsen filed the suit in a district court in the state a few days ago. The…

MondayApr 12, 2021 2:13 pm

Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) Signs Letter of Intent to Co-Develop Psychedelic Mushroom-Based Psilocybin Formulations

PULL signs Letter of Intent with Psyence Group to co-develop extraction techniques for production of psilocybin drug formulations Psyence is one of world’s first psychedelic mushroom companies operating a federally legal commercial cultivation and extraction facility PULL operates best-in-class processing infrastructure under Standard Processing License by Health Canada Near term milestones include Canada-based human clinical trials Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, recently signed a Letter of Intent with the Psyence Group to develop premium extraction techniques for the production of…

MondayApr 12, 2021 1:05 pm

XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) Files First Order for Rapid COVID Test Kits Amid European Regulatory Approval

Bioscience technology accelerator XPhyto Therapeutics Corp. recently announced it had placed its first order for its Covid-ID Lab rapid, portable virus test from its German development partner XPhyto received approval for the test kit last month from European regulators with oversight of in vitro diagnostic device (CE-IVD) use certification and the internationally agreed-on ISO 13485 medical product quality standards The Covid-ID Lab is designed to help beleaguered industries and government regulators quickly screen for the COVID-19 virus at point-of-care sites, and the company expects to begin sales and distribution in April XPhyto has just completed a rebranding effort that includes…

MondayApr 12, 2021 12:24 pm

Grapefruit USA Inc. (GPFT) Now Owns Trademark Rights for Hourglass Name, Logo

Company announces flagship product name, logo now protected intellectual property rights “Securing our trade name is another step forward in the dawning of the Hourglass era,” says CEO Grapefruit intends to apply for similar trademark protection when the federal government legalizes cannabis Grapefruit USA (OTCQB: GPFT), a fully licensed, California-based cannabis company, has secured California Trademark protection for its patented disruptive Hourglass(TM) THC/Cannabinoid time-release delivery cream. The trademark protection means that the Hourglass name and logo are now protected intellectual property rights of Grapefruit and no other cannabis companies can use them. “Obtaining our California Trademark protection for Hourglass is…

MondayApr 12, 2021 4:20 am

420 with CNW — Recreational Cannabis Bill Passes First Test in Connecticut

With more than 16 states already allowing the sale and consumption of recreational cannabis within their borders, Connecticut has now taken the first tentative steps towards establishing a legal recreational cannabis market. Last week, the state’s Judiciary Committee approved a bill that would legalize recreational cannabis with a 22 to 16 vote. Backed by Governor Ned Lamont, the legislation would legalize the sale and consumption of adult-use marijuana to individuals aged 21 and over. In his opening remarks, Judiciary Committee Chairman Steven Stafstrom mentioned that Connecticut has already legalized and regulated drugs such as alcohol and tobacco. He stated that…