NewsRoom Articles - Page 37 of 596

TuesdayAug 27, 2024 4:20 pm

420 with CNW — Ohio’s Adult-Use Cannabis Sales Exceed $11M in First Week

Ohio’s recreational marijuana market has experienced impressive growth, generating more than $11.5 million in sales in its first week. According to the state’s Commerce Department, Cannabis Control Division, the total revenue from adult-use cannabis sales reached $11,530,708 as of Aug. 10, 2024. Sales officially began on Aug. 6, eight months after Ohio voters approved recreational cannabis legalization, with 57% of voters supporting the ballot measure. The average cost of an ounce of flower was $266. The data shows that 1,285 pounds of cannabis plant material and 173,043 units of processed products were sold. Ohio’s medical marijuana market is also thriving,…

TuesdayAug 27, 2024 10:00 am

Stores in Southwest Virginia Openly Sell Marijuana

In Virginia, medical and recreational marijuana is legal, although retail sales and recreational marijuana dispensaries haven’t yet been launched following delays with the approval of a re-enactment clause. However, residents in the southwest region of the state can still access the drug easily, with many stores openly selling the substance. This is despite some of these businesses being raided by law enforcement last year. The sale of marijuana in this part of the country is surprising, especially since the stores are in the most conservative parts of Virginia. There’s at least one marijuana store in Tazewell County and another in…

MondayAug 26, 2024 4:20 pm

420 with CNW — California Senators Pass Bill Authorizing Cannabis Growers to Sell at Farmers’ Markets

California Senate lawmakers have advanced a bill that would grant small cannabis cultivators a new license to sell directly to consumers at state-run farmers’ markets and other transient events. Additionally, the bill would allow adults to use cannabis at events that have been approved. The bill does not, however, imply that small marijuana farmers can openly sell their goods at farmers’ markets alongside other merchants. Cannabis sales in approved locations would require certain regulatory permits from state and local authorities. The assembly initially approved the bill in May, where it received overwhelming support before heading to the senate. The bill…

MondayAug 26, 2024 12:00 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Validates Technology’s Superiority, Moving Closer to a Share in the Global Diabetes Treatment Market

Lexaria, a global innovator in drug delivery platforms, just reported positive results from its applied research program conducted in collaboration with the National Research Council of Canada (“NRC”) The study’s objective was to examine the molecular properties of semaglutide, processed with its patented DehydraTECH(TM) technology, comparing it to Rybelsus(R), the commercially available alternative Lexaria’s DehydraTECH demonstrated that semaglutide can be efficiently released in a simulated gastric fluid environment, without the use of salcaprozate sodium (“SNAC”) ingredient chemistry This milestone moves the company closer to the diabetes treatment market, projected to hit $153.98 billion in value by 2032 Lexaria Bioscience (NASDAQ:…

MondayAug 26, 2024 9:00 am

InMed Pharmaceuticals Inc. (NASDAQ: INM) Reports Promising Long-Term Results for Alzheimer’s Drug INM-901

A long-term preclinical study of Alzheimer's Disease (“AD”) drug candidate INM-901 included four groups: untreated disease-free, INM-901-treated disease-free, placebo-treated Alzheimer's Disease, and INM-901-treated Alzheimer's Disease at two dosing levels The results showed that INM-901-treated AD groups displayed behavior trends similar to the untreated disease-free group, with a clear dose response observed in most assessments The drug has also shown a reduction in neuroinflammation and enhancement of neuronal function, with molecular data supporting behavioral study observations InMed Pharmaceuticals (NASDAQ: INM), a biopharmaceutical company focused on developing proprietary small molecule drug candidates for diseases with high unmet needs, has announced promising outcomes…

FridayAug 23, 2024 4:20 pm

420 with CNW — Federal Researchers Look into Game-Changing Way to Detect Recent Cannabis Use in Breath

Federal authorities are adopting a new strategy to assess recent marijuana use by revising protocols for analyzing THC breath samples. The initiative is part of continuing efforts to improve the accuracy and reliability of cannabis impairment field testing, particularly in drivers. Researchers from the University of Colorado and the National Institute of Standards and Technology (NIST) propose that using two breath tests within an hour could be more effective than relying on a single test. They aim to determine if this method could be developed into a practical field test. One of the biggest obstacles to marijuana legislation has been…

FridayAug 23, 2024 10:00 am

Ongoing Battle in California Symbolizes the Longstanding Struggle Between Marijuana and Hemp

Governor Gavin Newsom of California is working toward regulating intoxicating products derived from hemp, via the state Department of Cannabis Control. The governor is actively looking into ways to increase enforcement, close loopholes and prevent underage kids from having access to unsafe marijuana and hemp products. In a recent statement, Gov. Newsom argued that these products needed to be subjected to safety and health regulations, just as marijuana products are. This sentiment is echoed by most observers, who agree that at some point, marijuana and hemp will be subject to the same rules. What those rules will be and when…

ThursdayAug 22, 2024 4:20 pm

420 with CNW — Adolescents Marijuana, Alcohol Use May Be Influenced by Childhood Sleep Patterns

While ensuring children get a good night’s sleep is crucial for their development, research suggests sleep habits in childhood might also influence future drug use. A recent study conducted by researchers from the Pennsylvania State University (Penn State) and published in the Annals of Epidemiology indicates that teens who experienced later bedtimes and shorter sleep durations during their earlier years were more likely to have experimented with alcohol or marijuana by the age of 15. The researchers focused on examining sleep habits during various childhood stages to understand how they relate to substance use in adolescence, a connection few previous…

WednesdayAug 21, 2024 4:20 pm

420 with CNW — Farm Bill, Cannabis Rescheduling Trigger Intense Industry Lobbying

Cannabis corporations are spending more than ever to sway lawmakers in Congress, as evidenced by a federal lobbying report analysis. This expenditure is motivated by the first real steps toward federal marijuana legalization in a generation as well as threats from competitors using hemp as a raw material. Marijuana companies spent nearly $4 million in the first and second quarters of 2024, a significant increase from $2.4 million in 2023. This surge in spending mirrors a similar uptick in late 2022, when cannabis banking reform seemed imminent during a congressional session. The current rise, however, is more significant because it…

WednesdayAug 21, 2024 10:00 am

Measure Legalizing Medical Cannabis Takes Effect in Ukraine

As of last week, medical cannabis was legal in Ukraine. This comes about half a year after President Volodymyr Zelensky signed the medical marijuana bill into law, making access to these drugs easier so soldiers could address the mental and physical wounds incurred during the country’s ongoing war with Russia, which invaded Ukraine more than two years ago. In an update on the new policy, the Ministry of Health stated that marijuana, along with its extracts, resin and tinctures, were excluded from the list of possibly dangerous substances. Prior to this, the drug’s circulation was banned, but now it’s permitted…