NewsRoom Articles - Page 67 of 601

WednesdayMar 13, 2024 4:20 pm

420 with CNW — Analysis of Differences Between Taxes on Marijuana, Sports Betting

In 2021, Arizona witnessed the legalization of two long-operating but previously illicit industries: sports betting and recreational cannabis. This change brought a surge of tax revenue to the state, with one industry outpacing the other significantly. While sports betting enjoys greater popularity per capita in the state, it contributes only a small percentage of the taxes compared to the marijuana sector. According to 2023 revenue data, the total wagering amount on sportsbooks in the state was almost five times greater than the state’s entire marijuana sales. However, despite this, the tax revenue from cannabis companies was more than eight times…

WednesdayMar 13, 2024 11:00 am

How Illinois’ Adult-Use Cannabis Prices Compare Regionally

In 2023, the state of Illinois raked in billions in recreational cannabis sales. This is despite the fact that prices in the state are among the highest in the country. In total, Illinois raked in more than $1.5 billion in sales, with more than 42 million products being sold at dispensaries throughout the state. This brought in about $400 million in recreational cannabis tax revenue. Tax revenue from sales is allocated to a number of departments in the state, among them substance abuse, criminal justice prevention programs and public health. Illinois also reported that marijuana sales to residents hit a…

TuesdayMar 12, 2024 4:20 pm

420 with CNW — 2023 Marijuana Business Licenses Declined in US, Data Firm Says

The number of active cannabis company licenses in the United States saw a substantial dip in 2023, the first decline following years of steady increase, according to a recent CRB Monitor report. According to the data, there was a 4% drop in the number of active marijuana licenses in the U.S. between 2022 and 2023. On the other hand, Canada saw a 2% growth in the quantity of active marijuana business permits over the same period. CRB Monitor is a company based in Nashville, Tennessee, specializing in marijuana intelligence and license monitoring. Since 2019, the combined total of active licenses…

MondayMar 11, 2024 4:20 pm

420 with CNW — Study Shows Cannabis Users Less Likely to Suffer Cognitive Decline

A recent study suggests a potential link between cannabis use and reduced instances of subjective cognitive decline (SDC), wherein individuals who incorporate cannabis into their routines, whether for medical or recreational purposes, report experiencing less memory impairment and confusion than nonusers. Published in the “Current Alzheimer Research” Journal, the study’s significance lies in its departure from prior research that has often associated subjective cognitive decline with a higher risk of dementia in later life. The findings challenge conventional assumptions about the cognitive impacts of THC, the primary psychoactive component of marijuana. The research, conducted by scholars from SUNY Upstate Medical…

MondayMar 11, 2024 11:15 am

New Research Challenges Stereotype That Cannabis Users Are Couch Potatoes

New research has challenged the stereotype that cannabis users are lazy and inactive. The research was conducted by investigators at The Ohio University and the University of Texas at Dallas and involved more than 2,500 adults who took part in the National Longitudinal Study of Adolescent to Adult Health in the period between 2016 to 2018. This research is the first to examine the link between the use of e-cigarettes, cannabis and physical activity. The investigators found that the use of e-cigarettes and cannabis among participants forecasted their penchant for exercises such as walking, with cannabis users walking more times…

FridayMar 08, 2024 4:20 pm

420 with CNW — Virginia Lawmakers Pass Cannabis Sales Bill, Send to Governor

Virginia lawmakers have recently given their final nod to legislation aiming to legalize the retail sale of cannabis, slated to commence from May 1, 2025. This decision, following several weeks of negotiations, now awaits the approval of Governor Glenn Youngkin. Both the Senate and House of Delegates endorsed similar versions of the measures on Feb. 28, 2024, reconciling differences after amendments from a committee in the Senate threatened to disrupt the agreement between the two chambers. Later, each chamber approved the bills from the other, forwarding them to the governor for potential enactment. A prior Democratic-led measure from 2021 allowed…

FridayMar 08, 2024 9:30 am

Could Marijuana Hold Key to Addressing Pain Related to Aging?

Marijuana contains more than 100 compounds, the major ones being tetrahydrocannabinol (THC) and cannabidiol (CBD). Of the two primary compounds, THC induces a high when consumed while CBD does not. Research has found that some of marijuana’s compounds safeguard the brain’s neurons. Some of marijuana’s antioxidant properties can also fight oxidative stress, which influences aging. Oxidative stress refers to a disruption in the balance between antioxidant defenses and the production of free radicals in the body. With regard to aging, age-related decreases in physiologic functions are caused by an accumulation of oxidative damage to macromolecules. This, researchers believe, increases with…

FridayMar 08, 2024 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Banking on DehydraTECH(TM) Technology for Major 2024 Growth

Lexaria, a global innovator in drug delivery platforms, has, since 2016, proven its patented DehydraTECH(TM) technology, asserting its superiority in improving drug bioavailability This has earned it 39 granted patents, with many pending globally DehydraTECH has a number of potential pharmaceutical applications with successful early stage results in hypertension, diabetes and weight loss and many others With its focus on GLP-1 clinical studies for 2024, Lexaria looks to carve out greater market share to make 2024 its biggest year Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, has been pushing the envelope and redefining drug delivery technology.…

ThursdayMar 07, 2024 4:20 pm

420 with CNW — Veterans Groups Urge Biden Administration to Reclassify Cannabis

Leading U.S. veterans’ organizations are urging the Biden administration to promptly relax federal marijuana laws, aligning with a growing chorus of voices advocating for rescheduling the substance six months after a recommendation from the U.S. Department of Health and Human Services (HHS). Expressing their sentiments in a recent letter, the groups have called upon the Department of Justice, which oversees the U.S. Drug Enforcement Administration (DEA), to take swift action. Highlighting the challenges faced by veterans of the United States Armed Forces when they return home, the coalition, comprising entities such as the Minority Veterans of America, AMVETS, Iraq and…

WednesdayMar 06, 2024 4:20 pm

420 with CNW — Company Makes First Export of DEA-Approved Marijuana from Jamaica to US

A Jamaican-Canadian company based in Toronto and formed by Canopy Growth Corp. and Steep Hill Labs’ former employees, has completed what it asserts to be the inaugural DEA-approved export of marijuana products from Jamaica to the United States. The company, Pure Jamaican, alongside Seven-10 Pharmaceuticals, its manufacturing and cultivation division located in Montego Bay, Jamaica, dispatched a range of eight distinct tincture products and three diverse distillate products containing varying ratios of CBD and THC, according to Scott Cathcart, who heads both entities. Only a small batch of the products was sent for DEA-sanctioned research purposes. The products were shipped…