NewsRoom Articles - Page 68 of 596

ThursdayFeb 01, 2024 4:20 pm

420 with CNW — Cannabis MSOs Set Sights on Growing Wholesale Divisions

A top cannabis executive recently revealed that several cannabis multistate operators (MSOs) intend to prioritize their wholesale divisions in 2024. Jamie Mendola, the national head of wholesale/purchasing, western region regional manager and chief business development officer at Florida-based multistate operator Ayr Wellness, says that while MSOs focused on wholesale last year, the division will become an even greater priority this year. Mendola notes that reduced capital will decrease the odds of company growth through mergers and acquisitions or by obtaining more licenses, forcing MSOs to turn their focus to wholesale. He adds that with many vertically integrated cannabis businesses in…

ThursdayFeb 01, 2024 10:30 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces 2024 GLP-1 Human and Animal Studies Roadmap

Lexaria, a global innovator in drug delivery platforms, has laid down its GLP-1 human and animal studies roadmap for the 2024 calendar year This builds on the success of its human pilot study, which marked a successful undertaking for exploring its patented DehydraTECH(TM) technology for the improved delivery of the GLP-1 drug semaglutide, available commercially in the branded product Rybelsus(R) The company’s chronic dosing animal study and its second human pilot study will commence in Spring and run for 12 weeks. The third human pilot study will start in May or June These studies will evaluate DehydraTECH for the improved…

ThursdayFeb 01, 2024 4:20 am

420 with CNW — Federal Judge Upholds Medical Cannabis Advertising Restrictions

A lawsuit filed against the state of Mississippi by a medical cannabis dispensary owner has been dismissed. The lawsuit challenged Mississippi’s laws, which the plaintiff said placed restrictions on marijuana businesses by forbidding them from placing advertisements on a majority of media platforms. In a decision issues last week, Federal District Judge Michael P. Mills agreed with the state’s stance that such operations do not benefit from the constitutional protections afforded to certain types of commercial speech because marijuana possession is still prohibited under federal law. Clarence Cocroft II, the plaintiff, founded Tru Source Medical Cannabis in 2022 following Mississippi’s…

WednesdayJan 31, 2024 4:20 pm

420 with CNW — DOJ Says Federal Government Will Ask Court to Throw Out Case Challenging Prohibition

The U.S. Department of Justice has revealed that it will ask a federal court to dismiss a lawsuit seeking to block the federal government from enforcing cannabis prohibition in state-level cannabis markets. Several industry stakeholders and cannabis businesses teamed up in May 2022 to sue the federal government over what they said were unconstitutional policies harming their operations. The group was represented by two leading law firms, including Boies Schiller Flexner LLP, which has represented clients such as former Vice President Al Gore and the Justice Department. According to the lawsuit, enforcing cannabis prohibition in state markets is unconstitutional and…

WednesdayJan 31, 2024 11:15 am

Software Effective Solutions Corp. (SFWJ) Strengthens Position with Growing Number of Cannabis Studies

A recent study shows that medical cannabis treatment may be associated with improvements in health-related quality of life Study data indicated that chronic noncancer pain was the most common indication for treatment, followed by cancer pain, insomnia and anxiety MedCana is building the technology, laboratories, growing facilities and scientific teams needed to provide premium pharmaceutical-grade cannabis extracts to the world Cannabis, long shrouded in controversy, is stepping into the limelight of scientific inquiry, revealing a complex tapestry of potential benefits. Software Effective Solutions (d/b/a MedCana) (OTC: SFWJ), a global infrastructure and holding company in the cannabis industry, is paying close…

WednesdayJan 31, 2024 4:20 am

420 with CNW — DeSantis Hints Cannabis Ballot Measure Will Appear on State Ballot

Florida Governor Ron DeSantis anticipates the inclusion of the marijuana legalization proposal on the November ballot. DeSantis expressed optimism that proponents of marijuana legalization would prevail in the Supreme Court, despite resistance from Ashley Moody, the state’s attorney general, who is attempting to stop the vote. The Florida Supreme Court has not yet rendered a decision, which is expected by April 1, 2024, in the lawsuit against the Smart and Safe Florida campaign, despite hearing oral arguments in November. It’s unclear if DeSantis is merely forecasting based on the difficulties at hand or if he has heard back from the…

TuesdayJan 30, 2024 4:20 pm

420 with CNW — Ukraine Could Rely on Marijuana Imports While Awaiting Local Production

Cannabis experts in Ukraine suggest that it might take several years before the domestic cultivation of cannabis is operational within the country. The Ukrainian Parliament, Verkhovna Rada, recently granted approval for a draft law, marking a crucial step toward establishing a legal framework for the medical cannabis industry. The legislative action could open up import-export prospects for foreign and local companies looking to balance supply and demand, especially in the early phases of the Ukrainian market. However, despite Verkhovna Rada’s approval of the legislation, significant groundwork remains before medical marijuana can be legally sold in Ukraine. This is because the…

TuesdayJan 30, 2024 4:20 am

420 with CNW — Restrictions Imposed on New Recreational Marijuana Markets Could Stifle Business

America was one of the first countries on the globe to adopt cannabis reform and repeal prohibitionist cannabis laws, at least at the state level. The country is now home to the largest cannabis markets on the globe and earns billions of dollars annually from fees and cannabis sales. Twenty-four states already allow recreational cannabis sales, but several of them passed adult-use cannabis policies in the past couple of years and are still working out the kinks in their markets. However, players in some of America’s youngest recreational cannabis markets are grappling with increasingly stringent rules and regulations that have…

MondayJan 29, 2024 4:20 pm

420 with CNW — Missouri Legislators Hesitant to Add Cannabis to Workers’ Comp Law

Missouri voters approved a recreational cannabis measure in 2022, joining the growing number of states with adult-use marijuana markets. However, the legalization measure did not address how employers would handle compensation for employees who sustain workplace injuries while under the influence of cannabis. Currently, employees may have their compensation and death benefits cut by up to 50% even if they hadn’t consumed cannabis for days but still tested positive for THC. This mostly stems from the fact that existing cannabis tests aren’t accurate and cannot properly connect blood THC levels to actual intoxication. Worker compensation attorney Bradley Young says this…

MondayJan 29, 2024 11:15 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) To Hit High Ground in Q2 and Q3 2024 with Animal and Human GLP-1 Study Programs

Lexaria, a global innovator in drug delivery platforms, has announced its GLP-1 research plans for the 2024 calendar year The company will kick off its chronic dosing animal study in March/April, followed by the human pilot study #2, kicking off at around the same time The third human pilot study will start in May/June followed by a chronic dosing human study that will involve 70-90 pre-diabetic and type-2 diabetic human patients These studies will evaluate DehydraTECH for the improved delivery of GLP-1 drugs, designed to support prospective commercial partnering with global pharmaceutical companies Lexaria Bioscience (NASDAQ: LEXX), a global innovator…

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