NewsRoom Articles - Page 29 of 542

TuesdayOct 24, 2023 4:20 am

420 with CNW — Cannabis Banking Law Complicated by Conflicting Priorities, House Speaker Issues

The U.S. marijuana industry received a boost of positive news from Washington, D.C., in late summer, but the road ahead may not be as smooth as initially hoped. There are fresh challenges that may hinder the passage of cannabis banking reform in Congress. On the positive side, experts on Capitol Hill believe that the U.S. Senate is likely to approve the SAFER Banking Act. The act offers protections for financial institutions serving state-legal marijuana businesses, shielding them from federal prosecution. The legislation successfully passed a significant Senate committee in late September. However, complications unrelated to the banking reform or marijuana…

MondayOct 23, 2023 4:20 pm

420 with CNW — Senate Vote on Cannabis Banking Delayed Until Assurance of House Passage Obtained

Senator Steve Daines, the lead Republican Senate cosponsor of a bipartisan cannabis banking bill, has revealed that a planned floor vote is on hold until he can be certain that the measure will pass in the GOP-controlled House, according to a conversation between him and Rob Sechrist, a marijuana financing executive. Daines emphasized that he wants to ensure the bill's success in the House rather than seeing it “die” there. This marks a significant shift in rhetoric, as Chuck Schumer, the Senate Majority Leader, had previously expressed his intent to bring the Secure and Fair Enforcement Regulation (SAFER) Banking Act…

MondayOct 23, 2023 4:20 am

420 with CNW — Former White House Drug Chiefs, DEA Heads Warn that Rescheduling Cannabis Would ‘Supersize’ Marijuana Industry

Five former White House drug chiefs and six former heads of the U.S. Drug Enforcement Administration (DEA) have warned the Biden administration that rescheduling marijuana would “supersize” the country’s cannabis industry. The former White House drug czars and DEA heads sent current DEA administrator Anne Milgram and Attorney General Merrick Garland a letter stating their opposition to the U.S. Department of Health and Human Services (HHS) recommendation that the DEA reschedule marijuana. The HHS made the recommendation in August, nearly 11 months after President Joe Biden ordered the health agency to begin a review of marijuana’s federal status. Federal law…

FridayOct 20, 2023 4:20 pm

420 with CNW — Study Says Marijuana Users Fared Better with COVID-19

Recent research presented at a conference in Hawaii indicates that individuals who contracted COVID-19 and who had used cannabis experienced more favorable outcomes and a reduced mortality rate compared to those who didn’t. These findings were shared during a presentation at the annual meeting of the American College of Chest Physicians (CHEST). To carry out the research, a team of scientists scrutinized the medical records of more than 320,000 patients collected from the U.S. National Inpatient Sample, a database monitoring hospital admissions and outcomes. Any patients under the age of 18 years old or those with incomplete information were excluded…

FridayOct 20, 2023 4:20 am

420 with CNW — Poll Shows NJ Residents Say Marijuana Use Rights Override Inconvenience of Smell

A recent New Jersey poll has revealed that people are increasingly noticing the smell of marijuana more than a year into cannabis legalization. However, many residents seem to be unbothered by the often pungent smell, and even more believe that drunk driving is “very dangerous’” in comparison to driving under the influence of marijuana. The Stockton University’s Hughes Center for Public Policy poll found that 31% of the respondents believed that cannabis use laws superseded the right to not smell marijuana from a neighbor's house. The study also reported that 46% of respondents said both rights were of equal importance…

ThursdayOct 19, 2023 4:20 pm

420 with CNW — Marijuana Classes Register Explosive Demand Growth in Wake of Minnesota Legalization

Several months after Minnesota Governor Tim Walz signed a recreational cannabis legalization measure into law and nearly two months after the legislation took effect, the state has seen a significant increase in demand for marijuana classes. Minnesota is a relatively late entrant into the recreational cannabis game, but Minnesotans proved that they overwhelmingly supported legalization via a ballot vote, and they are now eager to learn as much as they can about the often-controversial plant. According to Minnesota Cannabis College president Tanner Berris, demand for marijuana classes across the state is huge as many residents are itching to tap into…

ThursdayOct 19, 2023 9:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Raised $1.6 Million in Latest Investment Round; Looks to Advance DehydraTECH(TM) Research Operations

Lexaria, a global innovator in drug delivery platforms, recently announced that it had entered into a securities purchase agreement with a single health-focused institutional investor The agreement is for the purchase of 1,618,330 shares of common stock at $0.97 per share, with gross proceeds amounting to approximately $1.6 million The raised funds will be integral to Lexaria advancing its operations, inching it closer to FDA approval for its patented DehydraTECH(TM)-processed CBD for the potential treatment of hypertension It will also help assert Lexaria’s position as a leader in the market, even as it pushes the envelope in terms of research…

ThursdayOct 19, 2023 4:20 am

420 with CNW — Cannabis Growers in Canada to Benefit from $2.6B Federal Funding Program

Eligible Canadian marijuana cultivators and processors can seek financial support through the new Sustainable Canadian Agricultural Partnership program (Suitable CAP), valued at C$3.5 billion ($2.6 billion). The program could bring relief to the smaller players in Canada's marijuana industry that have been grappling with continuous deflationary pressures and intense competition, coupled with limited access to funds from private-sector lenders. The support provided by the Sustainable CAP will be an addition to various other federal funding sources that Canadian marijuana companies have been leveraging. These include the National Research Council Canada (NRC), the Industrial Research Assistance Program (IRAP), and the Scientific…

WednesdayOct 18, 2023 4:20 pm

420 with CNW — Ohio Voters to Decide on Recreational Cannabis Legalization

Ohioans are currently voting to decide the fate of a proposed initiative aimed at legalizing recreational marijuana. Early voting commenced on Oct. 11, 2023, with the statewide election scheduled for Nov. 7. The initiative, which bears the designation Issue 2 on the ballots, has been championed by the Coalition to Regulate Marijuana Like Alcohol. The campaigners spent more than a year pushing for the initiative to be included on the ballot since the Republican-controlled legislature would not expand on the present medicinal marijuana policy. Should the initiative gain approval, Ohio would become the 24th state to legalize recreational cannabis. This…

WednesdayOct 18, 2023 4:20 am

420 with CNW — Company Hopes Breathalyzer Will Curb Workplace Marijuana Use

California-based biotechnology company Hounds Lab has developed a first-of-its-kind breathalyzer with the ability to accurately detect cannabis use. The first model works by preserving breath samples and sending them to the lab for chemical analysis. However, the company is developing a second model that can deliver test results on scene. According to Hound Lab’s chairman of the board Mike Lynn, the company learned via extensive testing that smoked cannabis will trigger a 100% positive result within an hour of smoking, but the positivity rate declines to around 85% at two hours. Cannabis testing has been a contentious issue across the…