NewsRoom Articles - Page 76 of 619

FridayMay 10, 2024 4:20 pm

420 with CNW — Reports Confirm DEA Is Close to Reclassifying Marijuana

The U.S. Drug Enforcement Administration (DEA) is set to change the classification of cannabis. The proposal, pending review by the White House Office of Management and Budget (OMB), acknowledges marijuana’s medical potential and implies that it is less prone to abuse compared to other certain drugs. However, it does not advocate for the complete legalization of marijuana for recreational purposes. The move, disclosed by anonymous sources familiar with the matter, signals a major policy change for the DEA and a shift in U.S. drug policy. Once approved, the agency will invite public feedback on moving cannabis from Schedule I to…

FridayMay 10, 2024 10:00 am

Defense Lawyers Group Urges Biden to Release Prisoners Serving Marijuana Sentences

NACDL, the National Association of Criminal Defense Lawyers, has written a letter to the White House urging President Joseph Biden and his administration to decriminalize cannabis and also commute all sentences of individuals in prison over federal cannabis convictions. In their letter, the association says it is advocating for compassionate release, second chances and the immediate commuting of sentences of those having convictions for nonviolent cannabis offenses. The letter written by NACDL was sent on the same day last week when the U.S. Drug Enforcement Administration (DEA) is reported to have made a decision to reclassify marijuana to Schedule III…

ThursdayMay 09, 2024 4:20 pm

420 with CNW — Study Finds Frequent Cannabis Use Doesn’t Cause Paranoia, Lower Motivation

Recent research on the effects of regular marijuana usage disproves popular perceptions about the drug by showing no connection between habitual users’ decreased motivation or paranoia. The study found no indication of a marijuana-induced hangover the following day. One of the unexpected results was that long-term users did not exhibit a decline in desire or effort-exertion willingness, either due to internal or external factors. In fact, consumers who used the product more frequently claimed to be more motivated and to have experienced more negative emotions and impulsivity. The study highlights both expected and unexpected results, challenging misconceptions surrounding cannabis’ effects.…

ThursdayMay 09, 2024 12:00 pm

CannaCon West Albuquerque to Unite the Southwest Cannabis Industry

Traders, cannabis stakeholders, license holders, physicians, patients, regulatory authorities, entrepreneurs, capital investors, public officials, and enthusiasts, are invited to attend the CannaCon West Albuquerque at the Albuquerque Convention Center on May 17-18, 2024. The event focuses on bringing together all participants in the cannabis industry for two days of intense exploration, interaction, learning, and collaboration. As Albuquerque is witnessing an evolving cannabis industry, this event provides a phenomenal platform for cannabis veterans and newcomers to build a solid new industry. The CannaCon West Albuquerque is engaged in boosting the West’s cannabis industry. The Albuquerque network consists of like-minded cannabis businesses…

ThursdayMay 09, 2024 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Set to Extend Operational Runway to 2025 Following Warrant Exercise and Issuance

Lexaria has entered an agreement wherein an existing accredited investor has exercised all their warrants to purchase shares The company has received $4.7 million from this undertaking, prior to deducting estimated offering expenses Proceeds fully fund Lexaria’s entire planned 2024 GLP-1 R&D program, leaving additional excess capital for general purposes Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, just announced its entry into a warrant exercise agreement with an existing accredited investor to exercise in full certain existing warrants initially issued in October 2023 and February 2024. The warrants will be exercised at $0.97 and $2.185 per…

WednesdayMay 08, 2024 4:20 pm

420 with CNW — US Cannabis Companies Could Soon Access Bankruptcy Protection

U.S. cannabis businesses undergoing distress often face hurdles in seeking bankruptcy protection, a common challenge in an industry prone to business downturns. However, there’s a glimmer of hope on the horizon with potential federal rescheduling of cannabis and shifting perspectives evident in recent bankruptcy cases. Duane Morris Law firm associate, Ryan Spengler, expressed cautious optimism, noting that advancements in court rulings coupled with potential rescheduling may pave the way for new bankruptcy avenues for U.S. marijuana businesses. He stated that even before federal rescheduling, if bankruptcy courts begin to show leniency towards marijuana-related companies, it could signal a positive trend…

WednesdayMay 08, 2024 10:30 am

Zoned Properties Inc. (ZDPY) Emerges as a Crucial Partner for the Cannabis Industry; Announced Planned $1 Million Share Buyback

Cannabis retail dispensaries in Arizona have grown to upwards of 168 locations as of January 2024 Nonetheless, only 1% of Arizona’s commercial properties are eligible for use by the cannabis industry Zoned Properties has been a key partner for the industry in helping cannabis companies establish a physical retail presence The company has recently announced the approval of a $1 million share buyback plan The legalized sale of recreational cannabis in Arizona has grown from strength to strength. Possession and cultivation of cannabis across the state became legal on November 30, 2020, with the state-licensed sale of recreational cannabis commencing…

WednesdayMay 08, 2024 10:00 am

Marijuana Reclassification Unlikely to Change Anything for Federal Workers

Steps to change marijuana’s classification at the federal level in America have been initiated by both Congress and the Biden Administration in the last year. On his part, President Joseph Biden directed that a review of federal cannabis law be conducted, and he pardoned thousands who had been federally convicted of simple possession of cannabis. Currently, marijuana is classified under Schedule I of the Controlled Substances Act. Substances under this classification are said to have no accepted medical use and high abuse potential. Other drugs under this classification include LSD, heroin, MDMA, methaqualone and mescaline (peyote). Following a recommendation by…

TuesdayMay 07, 2024 4:20 pm

420 with CNW — Signature Collection Can Begin After North Dakota Cannabis Legalization Ballot Initiative Gains Official Approval

Michael Howe, North Dakota’s secretary of state, recently gave the green light for the circulation of a petition aiming to legalize marijuana. If approved, the measure would allow adults aged 21 and older to grow, process, use and sell cannabis. Additionally, it would establish a regulatory body to oversee marijuana-related entities within the state. The proposal also includes specific regulations concerning processing and production, as well as restrictions on usage, such as in vehicles and public spaces, and provisions for home cultivation. To qualify for inclusion on the ballot, supporters of the petition must gather a minimum of 15,582 signatures…

TuesdayMay 07, 2024 11:15 am

Golden Triangle Ventures Inc. (GTVH) New Acquisition Takes Lavish Division One Step Closer to Development of Premier Music, Art Destination

More than half of Americans have attended a music festival, indicating lucrative potential for music and art destinations GTVH recently closed on the acquisition of ABI Create, a premier event-management and production company With the invaluable resources ABI Create brings to the table, the future of Destino Ranch looks more promising than ever With Coachella still fresh in music lovers’ memories, it’s only natural to look at what other amazing music festivals might be looming in the future. Destino Ranch comes to mind. A new project focused on becoming an international destination where nature and technology combine to create unforgettable…