NewsRoom Articles - Page 339 of 607

MondayJun 22, 2020 9:00 am

COVID Spikes a Tsunami of Cannabis Sales

CannabisNewsWire Editorial Coverage: COVID-19 has devastated most businesses but created a surge in cannabis sales—a trend that’s likely to continue. Strange bedfellows, COVID-19 and cannabis. As the pandemic wreaked havoc on the U.S. and global economies, cannabis sales rocketed higher across multiple markets in North America. California cannabis sales soared nearly 160% compared to the same day in March 2019, while sales in Washington rocketed 100% and Colorado saw a 46% increase on the same day. This surge doesn’t appear to be a flash in the pan either. An emerging leader in the U.S. cannabis marketplace, Cannabis Strategic Ventures (OTCQB:…

MondayJun 22, 2020 4:20 am

420 with CNW – Survey Shows Link Between Marijuana Legalization and Reduced Teen Marijuana Abuse Admissions

Marijuana legalization is one of the most divisive topics of the decade. While proponents swear by its medical abilities and say that taxes from cannabis sales can be used to address various social issues, those against argue that it is a gateway drug and that legalizing it will make it more accessible to children and teenagers. In fact, a survey by Gallup found that 83% of opponents to legalization believe it would make marijuana more accessible to the youth. However, a survey of cannabis use disorders carried out in Colorado and Washington found this to be wholly untrue. The survey…

FridayJun 19, 2020 4:20 pm

420 with CNW – CDC Flooded with Comments on Kratom and Marijuana

For years, humanity’s main defense against chronic pain has been opioids. However, opioid addiction has quickly become a major issue in America with 450,000 people dying from overdoses involving prescription and illicit opioids from 1999 to 2018. On April 17, the Centers for Disease Control and Prevention (“CDC”) called on patients living with chronic and acute pain to comment on their perspectives on the benefits and harms of opioid use as well as their experiences with other non-opioid and non-pharmacological treatments for pain. By the time the June 16 deadline had passed, the CDC had received hundreds of comments about…

FridayJun 19, 2020 4:20 am

420 with CNW – Louisiana Governor Signs Off on Medical Cannabis Expansion Bill

Last week, Governor John Bel Edwards signed a bill that will allow Louisiana residents to get medical marijuana for any debilitating condition their doctors see fit. Sponsored by Rep. Larry Bagley, the medical marijuana expansion bill significantly expands beyond the 14 specific medical conditions that qualify patients for medical cannabis. As of August 1, patients will be able to purchase medical marijuana as long as they have a condition deemed by their doctor as debilitating. Originally, the marijuana expansion bill would only have added traumatic brain injuries and concussions as qualifying conditions. However, it was amended in committee to include…

ThursdayJun 18, 2020 4:20 pm

420 with CNW – Canadian Marijuana Oil Exports Jump 500% in 2019

Canada has made great inroads into the nascent global cannabis industry. As public opinion slowly turns in favor of cannabis, a handful of countries, including Canada, have legalized either medical and adult-use cannabis or both. The Great White North is among the biggest exporters of medical marijuana oil in the world, and according to data from Health Canada, Canadian-produced medical marijuana oil reached more international shores than ever last year. In 2019, cannabis oil exports were approved for export to at least 17 countries for medical and scientific purposes, but the bulk of the exports involved only a few countries.…

ThursdayJun 18, 2020 4:20 am

420 with CNW – CBD Toxicity Study Informing FDA Regulation Will Commence in July

Since the 2018 Farm Bill legalized the cultivation and sale of industrial hemp and its extracts, the CBD industry has been steadily growing. Effective against a wide range of ailments and most importantly, devoid of cannabis' infamous high, cannabidiol has quickly become the go-to ingredient for people who have lost faith in pharmaceuticals. However, the industry is barely regulated, and the U.S. Food and Drug Administration (“FDA”) has repeatedly called for stakeholders to provide reliable scientific data, especially on the effects of long term use on the liver. A group of CBD brands is doing just that. They have sponsored…

WednesdayJun 17, 2020 4:20 pm

420 with CNW – Four States Where Marijuana Legalization Has Been Postponed to 2021 and Beyond

Almost six months into the year, the U.S. is still squarely within the coronavirus’ stranglehold, and the past few weeks have seen rising levels of civil unrest in most states. The economy is in free-fall and health experts warn that the coronavirus pandemic is nowhere near over. With everything that’s going on, it’s easy to forget that Election Day is drawing closer, and a dozen states have at least one ballot initiative devoted to legalizing cannabis. At least three states are guaranteed to have residents voting on cannabis legalization initiatives in November. However, while there are a few states where…

WednesdayJun 17, 2020 12:12 pm

Pure Extracts Corp. is “One to Watch”

Pure Extracts is the development leader in the Canadian cannabis extract segment, which is valued by Deloitte at $2.7 billion annually. The Company is positioned to be the dominant extraction company and a leader in the rapid development and commercialization of functional and medicinal psychedelic products. The psychedelic and functional mushroom industries are among the fastest growing in North America, with the global medicinal mushroom market expected to grow by $13.88 billion annually by 2024. Growing societal awareness and acceptance of mental illness as a legitimate disease have served as catalysts for a new search for innovative treatments and, as…

WednesdayJun 17, 2020 4:20 am

420 with CNW – High Potency Cannabis Boosts Blood THC Level But Not Impairment, Study Finds

As the state-legal cannabis industry continues advancing in both scientific knowledge and market share, one thing that has become clear is that cannabis today is a lot stronger than it used to be. Studies have found that marijuana in circulation today, both legal and illegal, is up to 5 times stronger than it was in the eighties, and this has raised serious questions on the effect of more potent weed on the body. According to a study of regular cannabis users published by the University of Colorado Boulder in JAMA Psychiatry, smoking high potency marijuana concentrates doesn’t necessarily make you…

TuesdayJun 16, 2020 4:20 pm

420 with CNW – Missouri Medical Marijuana Growers Face Additional Roadblock Before Planting Crops

At the moment, 33 states have legalized medical cannabis and 11 states plus Washington D.C. have taken things further and legalized recreational use. States with relatively successful legal marijuana programs like California and Colorado have surpassed $1 billion in cannabis tax revenue, and numerous advocates in other states are pushing for legalization. However, the industry is still immature, processes aren't streamlined across the board and everyone from cultivators to retailers is subject to lengthy and time-consuming verification processes. Marijuana business owners in Missouri, for instance, already face a lengthy verification process, and they say they have been caught off guard…