NewsRoom Articles - Page 303 of 603

TuesdayDec 15, 2020 4:20 pm

420 with CNW — Forecasts Indicate That Europe Will Experience Huge Growth in Medical Cannabis Sector

According to the European Cannabis 2020 report, Britain’s medical marijuana market will experience a 98% compound annual growth rate between the years 2020 to 2025 if general practitioners and domestic cultivation is allowed. Projections show that this year, the marijuana market in Europe will reach £269 million, which is equivalent to $359 million. This growth represents a 25% increment from last year’s figures and is projected to increase, with a compound annual growth rate of 52%, to more than $3.1 billion by the year 2025. Brightfield Group, the international research firm that released the aforementioned report, announced that Britain’s marijuana…

TuesdayDec 15, 2020 4:20 am

420 with CNW — Mexican Legislators Request Another Deadline Extension for Cannabis Legalization

Despite the Mexican Senate having approved marijuana legislation in November, Chamber of Deputies legislators agreed to ask for the deadline to be extended from Mexico’s Supreme Court earlier this week. Earlier in 2018, the court had ruled that it was unconstitutional to prohibit the personal use of and the growing of cannabis. Legislators were ordered by the court to formally put an end to this criminalization by October 2019. Since then, the deadline has been moved several times at the request of the legislators, the most recent extension being December 15 this year. Now, lawmakers are requesting that the Supreme…

MondayDec 14, 2020 4:20 pm

420 with CNW — NBA Announces No Testing for Cannabis Next Season

The coronavirus pandemic disrupted everything from manufacturing and retail to education and sporting events. But while thousands of institutions shut down in the wake of the pandemic, some indefinitely, the NBA resumed the 2019–2020 season under a special arrangement. The National Basketball Association (NBA) created an isolation zone at Walt Disney World in Florida, with the teams playing behind closed doors and being tested for COVID 19 every other day. While the players were in the Orlando “Bubble,” the NBA and the National Basketball Players Association (NBPA) temporarily suspended random recreational cannabis tests while tests for performance-enhancing drugs resumed. On…

MondayDec 14, 2020 3:16 pm

HempFusion Wellness, Inc. Raising the Bar for CBD Products as It Heads for Public Listing on Toronto Stock Exchange

HempFusion is one of 12 companies working on a study to address FDA comments about CBD and human interaction, studying the cannabinoid’s effects on the human liver The company could become publicly traded on the Toronto Stock Exchange as early as the week starting December 14, 2020 By 2025, the global CBD market is estimated to reach $23.6 billion HempFusion plans to extend product offering to include beverages, edibles, and pet products, which has become a growing segment in the CBD industry A leader in the health and wellness cannabidiol industry, HempFusion Wellness is raising the bar for CBD products…

MondayDec 14, 2020 4:20 am

420 with CNW — Feds Seek Help in Understanding Whether Kratom, Cannabis Can Treat Pain

As the short- and long-term effects of continued opioid use have become more apparent, people have started experimenting with safer alternatives. Cannabis and kratom, a tropical evergreen tree in the coffee family, have emerged as promising candidates. Cannabis has long been used as a medicine to treat everything from chronic pain to stress and anxiety. Leaves and leaf extracts from kratom, which is legal in the United States, have been used as a stimulant and sedative, and the natural substance has also been reported to be effective at treating chronic pain. A federal health agency is now conducting a review…

SaturdayDec 12, 2020 8:57 am

Experts Weigh in on Industry Opportunities and What’s Ahead at #CanndoraConnect: Women in Psychedelics

Canndora, a global media and event platform, and initiative created by Marigold Marketing & PR to support advancing women in emerging industries, hosted #CanndoraConnect: Women in Psychedelics on December 2nd, 2020. The event featured eight industry professionals and sold out with over 100 registrants from around the world. #CanndoraConnect featured notable panellists and key partners who shared their expertise on critical topics, including opportunities for international business in psychedelics and the science behind psilocybin and its role in women's health. The event was made possible with support from presenting partners, Red Light Holland (CSE: TRIP | OTC: TRUFF | FSE:…

FridayDec 11, 2020 4:20 pm

420 with CNW — Recreational Cannabis Legalization Advocates in Nebraska Aim for 2022

A group that was campaigning for the medical cannabis initiative on the November ballot in Nebraska is now planning to seek a vote on legalizing the use of recreational cannabis in the state. While their earlier initiative was unsuccessful, officials with Nebraskans for Medical Marijuana stated recently that in January 2021 they would be introducing the ballot language for the full adult use of cannabis. This would include both recreational and medical use. Adam Morfeld and Anna Wishart, advocates of the initiative, stated that they made this decision based on the ballot measure that was approved in South Dakota. That…

FridayDec 11, 2020 1:17 pm

CannAssist International (CNSC) Prepares to Take CBD Product Market by Storm

CannAssist International’s Xceptor Labs is active player within CBD-based product sector Global CBD product market is expected to rise in value from $4.6 billion in 2018 to over $23 billion by 2025 Xceptor Labs differentiating product range through use, development of proprietary CiBiDinol technology CiBiDinol technology covers the oil soluble CBD molecule with a water soluble carrier thereby increasing its bioavailability and enabling easier absorption of product Xceptor Labs has recently launched its Xceptol product line, comprised of topical pain creams, CBD-derived capsules, tinctures and pet drops CannAssist International (OTCQB: CNSC) is a biotechnological pharmaceutical and wellness company which has…

FridayDec 11, 2020 4:20 am

420 with CNW — Congress to Vote on Cannabis Research Bill

The House of Representatives will be voting on a federal cannabis reform measure this month. The bill will allow researchers to study marijuana from businesses in the state that are legal, which promotes research into cannabis. This comes after the chamber passed a bill to legalize cannabis federally last week, with members now focusing on the Medical Marijuana Research Act. The bill has been amended a few times and needs a two-third majority to be approved. The legislation’s bipartisan nature and its sponsorship from Rep. Andy Harris and Rep. Earl Blumenauer may help the bill get the go-ahead. The original…

ThursdayDec 10, 2020 4:20 pm

420 with CNW — Activists Resume Push to Legalize Recreational Cannabis in Florida

In January of this year, activists behind the Make It Legal Florida campaign announced that they would postpone their pursuit of cannabis legalization in the state until 2022. The campaign had raised and spent more than $8 million, ultimately collecting 555,000 valid signatures. However, this was more than 200,000 signatures shy of the required 766,000 signatures, and the marijuana legalization initiative did not make it to the September ballot. Make it Legal Florida has now resumed its bid to place a cannabis legalization initiative on the 2022 ballot. The 550,000 signatures it managed to collect are valid for two years…