NewsRoom Articles - Page 292 of 603

WednesdayFeb 10, 2021 4:20 pm

420 with CNW — Virginia Legislators Pass Pivotal Cannabis Legalization Bills

The past few years have seen a wave of cannabis reform sweep across the United States. By the end of 2020, more than 30 states had legalized either recreational or medical cannabis, and several others were considering decriminalizing the controversial drug. The wave of cannabis reform has now reached the South after lawmakers in Virginia passed two cannabis legalization bills, making Virginia the 16th state in the country and the first in the South to legalize recreational cannabis. However, a legislative committee will have to iron out the differences between the two pieces of legislation for Virginia to move forward…

WednesdayFeb 10, 2021 2:30 pm

HempFusion Wellness Inc. (TSX: CBD.U) (OTC: CBDHF) (FWB: 8OO) Begins 2021 Strong with OTC Market Listing, New Product, and USDA Organic Certification

HempFusion Wellness Inc. is currently in the process of applying for OTCQX listing and DTC eligibility after a swift and strategic move to enter the OTC Pink Market under the ticker symbol ‘CBDHF’ Wholly owned subsidiary Probulin Probiotics recently released Total Care Immune probiotic, which is expected to reach retailer shelves in February 2021 Probulin is recognized as one of the fastest-growing probiotic brands in the American Natural Products Industry January, HempFusion received USDA Organic Certification for its CBD tinctures In a strategic move to broaden the United States investor audience, health and wellness company HempFusion Wellness (TSX: CBD.U) (OTC:…

WednesdayFeb 10, 2021 4:20 am

420 with CNW — Weather Vagaries Trigger Medical Marijuana Shortages in Jamaica

Jamaica, a country that has long been associated with cannabis, reggae and Rastafarianism is running low on marijuana. Despite being named after sturdy plants that can generally withstand most kinds of terrains and weather extremes, “weed” actually requires a specific blend of moisture and heat to thrive. Unfortunately, Jamaica has experienced heavy rains that pummeled the crop followed by an extended drought that dried everything out, causing massive losses and a significant reduction in supply. According to farmers who grow cannabis, the heavy rains followed by drought caused tens of thousands of dollars in losses. Daneyel Bozra, a marijuana grower…

TuesdayFeb 09, 2021 4:20 pm

420 with CNW — Jazz Pharmaceuticals (NASDAQ: JAZZ) to Acquire GW Pharmaceuticals (NASDAQ: GWPH) for $7.2 Billion

Jazz Pharmaceuticals (NASDAQ: JAZZ), a global pharmaceutical company, has come to an agreement to acquire GW Pharmaceuticals (NASDAQ: GWPH) for $7.2 billion in stock and cash. GW Pharmaceuticals, which is based in the United Kingdom, is one of the biggest medical cannabinoid businesses globally. This buy would be the biggest move made by a pharmaceutical firm into cannabis to date, which demonstrates that pharma companies recognize both the future and current potential of cannabinoid-based treatments. This move into cannabis could also encourage more investments into the growing field. Additionally, the deal establishes the validity of GW Pharmaceuticals’ focus on developing…

TuesdayFeb 09, 2021 2:37 pm

Pac Roots Cannabis Corp. (CSE: PACR) (OTCQB: PACRF) Private Placement to Raise Funds for Continued Successful Operations

PACR private placement comprised of 8,333,333 units for possible gross proceeds of $1.5 million Funding to support Company’s continued progress in current, potential efforts An example of Pac Roots projects includes JV with Rock Creek Farms, which resulted in profitable first harvest that delivered 200% ROI Pac Roots Cannabis (CSE: PACR) (OTCQB: PACRF) has announced a non-brokered private placement (https://cnw.fm/9VKYf) to strengthen its financial position as it focuses on the future of genetics and its commitment to quality over quantity. Headquartered in Canada, Pac Roots is dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach. The announcement of the private placement…

TuesdayFeb 09, 2021 4:20 am

420 with CNW — NJ Lawmakers Approve Cannabis Legalization Bill Addressing Governor’s Concerns

On the November ballot, voters in New Jersey approved a referendum to legalize marijuana, joining the growing number of states that allow cannabis. Shortly after the vote, the legislature introduced and passed enabling legislation that would create a regulated cannabis market. However, after lawmakers passed the legislation, New Jersey Gov. Phil Murphy revealed that he wasn’t a fan of the lack of penalties for underage possession. To put his fears at ease, lawmakers tried to pass a bill addressing the issue of youth possession, but after key legislators pulled their support, a floor vote was canceled. This past week, however,…

MondayFeb 08, 2021 4:20 pm

420 with CNW — CBD May Be the Remedy for Gonorrhea and Other Bacterial Diseases

A report from a team of researchers from the University of Australia, published in “Nature,” has demonstrated how synthetic cannabidiol (“CBD”) can eliminate various bacteria responsible for ailments such as Legionnaires’ disease, meningitis and gonorrhea. The report suggests that CBD could bring about a class of new antibiotics for resistant bacteria in a few decades to come. The researchers tested CBD’s antimicrobial activity using lab models to imitate a two-week patient treatment. This would enable the researchers to observe how rapidly the bacteria mutated to try to outmaneuver cannabidiol’s power to eliminate them. The study’s abstract reported that the researchers…

MondayFeb 08, 2021 12:36 pm

2021 Strategic Plan Showcases API Potential of XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT)

XPhyto Therapeutics Corp. is a life sciences technology accelerator involved in the development of new pharmaceuticals, diagnostic products and psychedelic investments XPhyto is preparing a series of clinical pilot studies for four drug candidates this year that could help in treating Parkinson’s disease, epilepsy, anorexia and other neurological conditions The company has developed a rapid and highly portable PCR test kit it expects to commercialize this year to provide point-of-care diagnostics, designed for satellite labs to quickly screen for the COVID-19 virus Wholly owned subsidiary Vektor, a German drug maker and researcher, plans to build a new commercial drug manufacturing…

MondayFeb 08, 2021 4:20 am

420 with CNW — Why New Jersey Legislators Are Unwilling to Allow Patients to Grow Medical Cannabis

New Jersey legislators are currently in the process of finalizing the details of the state’s marijuana decriminalization and legalization policies. While the S3550 bill has lessened the penalties for individuals found carrying less than six ounces of marijuana, it still forbids any person from having the intent to distribute or the distribution and possession of a controlled and dangerous substance. The bill does not touch on marijuana home-cultivation, which remains criminalized. This is despite poll data from a Rutgers University 2018 poll, showing that 60% of voters in the state disagreed with a prohibition that forbade residents from cultivating their…

FridayFeb 05, 2021 4:20 pm

420 with CNW — North Carolina Cherokee Consider Medical Cannabis Legalization

The past few years have seen a surge in popularity for cannabis, with more than 30 U.S. states legalizing either medical or recreational marijuana. The shift in attitudes toward cannabis hasn’t been confined to just states. The Eastern Band of Cherokee Indians in North Carolina is preparing to explore what medical cannabis legalization would look like on the Qualla Boundary. As part of a broader legalization effort, the Tribal Council will this month discuss a plan to legalize medical marijuana. Jeremy Wilson, who formerly served on the Tribal Council in addition to working as a government affairs liaison under the…