NewsRoom Articles - Page 90 of 592

WednesdayAug 16, 2023 4:20 am

420 with CNW — Cannabis Industry Lobbying Increases as Looming Government Shutdown Leaves SAFE Banking in Balance

The U.S. marijuana sector persists in allocating substantial financial resources toward influential advocates, aiming to sway senators into endorsing marijuana reform. Nonetheless, this endeavor faces a potential impediment in the form of an imminent government shutdown, capable of profoundly disrupting the legislative schedule of Congress. During the first six months of 2023, marijuana enterprises and industry coalitions invested more than $2.4 million in lobbying efforts directed at the Senate, according to the latest disclosures in federal lobbying records. This falls short of the $2.9 million expended during the latter half of 2022, including the session following the general election, when…

TuesdayAug 15, 2023 4:20 pm

420 with CNW — Ohio Campaigners Submit 6,500 Extra Signatures to Put Recreational Marijuana on Ballot

The organization spearheading the campaign for the legalization and oversight of marijuana in Ohio recently stated it has amassed nearly tenfold the requisite additional signatures to present the matter to the public for consideration this November. Tom Haren of the CTRMLA conveyed that the group’s collective efforts garnered an additional 6,545 signatures. During the initial days of July, the group formally submitted well over 222,000 signatures to Frank LaRose, the Ohio secretary of state. That number was a substantial surplus in comparison to the stipulated 124,046 necessary for the proposition's eligibility on the November 2024 general election ballot. However, the…

TuesdayAug 15, 2023 4:20 am

420 with CNW — CNN’s Dr. Gupta Discusses Marijuana Use by Seniors

In a recent article titled “Cannabis is Having a Senior Moment,” CNN’s Dr. Sanjay Gupta talked about the increasing rates of marijuana use among older Americans. People aged 65 and older are now the fastest growing group of marijuana users in the country, Gupta said, dubbing the trend a kind of “senior moment” that has left him quite surprised. America is currently home to a massive state-level medical marijuana industry that serves millions of patients and generates hundreds of millions of dollars per year in medical cannabis sales. Surprisingly, a significant portion of medical marijuana patients are older individuals, belying…

MondayAug 14, 2023 4:20 pm

420 with CNW — Maine Enacts Law Granting Cannabis Businesses Tax Relief

Maine Governor Janet Mills has approved legislation to provide tax relief to players in the state’s marijuana industry. The bill will partially bypass the Internal Revenue Service, which prohibits cannabis businesses from making federal tax deductions through IRS code 280E, and grant licensed cannabis businesses access to state tax deductions. The law expands on previous legislation that already provided licensed medical cannabis operators with tax relief and will allow players in the industry to make tax deductions for business expenses associated with running a manufacturing facility or registered dispensary, or carrying out trade as a registered caregiver. A statement from…

MondayAug 14, 2023 4:20 am

420 with CNW — Study Finds Workplace Accident Rates No Different Between Off-Duty Marijuana Users and Non-Users

Employees who engage in off-duty marijuana consumption do not display a higher likelihood of encountering workplace injuries when compared to abstainers, according to recent research that challenges the sweeping zero-tolerance policies commonly adopted by employers. On the other hand, individuals who use marijuana during work hours exhibit a nearly twofold increase in the probability of being involved in a workplace incident, in contrast to both nonusers and those who consume marijuana during their personal time. This discovery stems from a collaborative effort by researchers hailing from the Toronto Rehabilitation Institute, the University at Buffalo and the University of Toronto. The…

FridayAug 11, 2023 4:20 pm

420 with CNW — Minnesota Marijuana Drinks Makers Enjoying Great Market Conditions

The cannabis-infused beverages segment of America’s state-legal cannabis market seems to be performing admirably in one of the most unexpected states: Minnesota. Favorable market conditions in the state have helped cannabis-beverage producers and retailers in the state earn millions of dollars in recent months, making Minnesota one of the best markets for marijuana drinks in not only the United States and Canada but Europe as well. With recreational cannabis sales slated to begin in less than a year in the state, the recent success of the cannabis-infused drinks segment could be an indication that demand for cannabis and cannabis products…

FridayAug 11, 2023 4:20 am

420 with CNW — Indoor MJ Growers Give Insights into How Preharvest Care Can Optimize Yields

The harvest phase is an essential step in making marijuana products such as flowers and oils. Before the crops are collected, a lot of careful planning and preparation happens. Different growers, whether they're growing indoors, in greenhouses, or outdoors, need to learn different ways to do this. Each place has its own challenges. For indoor growing, it's important to have a clear plan and to be able to watch over the plants closely. Nic Robertson from 4Front Ventures says the company creates daily schedules for its plants leading up to harvest. This is when the plants finish their life cycle.…

ThursdayAug 10, 2023 4:20 pm

420 with CNW — Recreational Marijuana Legalization Law Takes Effect in Minnesota

Minnesota has recently joined the growing list of states that have legalized recreational cannabis use for adults aged 21 and older. This move marks a significant shift in the state's approach to cannabis. Below are several key developments shaping the new landscape: Legalization timeline Minnesota's journey toward cannabis legalization has been gradual. In 2014, the state took its first steps by legalizing limited medical marijuana use, which included nonsmokable forms such as oils and pills. In 2022, edibles containing small amounts of hemp-derived THC were also legalized. This year, on May 30, 2023, Governor Tim Walz signed a comprehensive cannabis…

ThursdayAug 10, 2023 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Intent for Human Clinical Study for Diabetes and Weight Loss Following Positive DehydraTECH(TM)-CBD Results in Animals

Lexaria’s patented DehydraTECH(TM)-CBD achieved promising results for diabetes control and weight loss in animals during the pre-clinical animal study DIAB-A22-1 The weight loss drug market was valued at $1.90 billion in 2021 and is expected to reach $13.26 billion by 2029, growing at a CAGR of 24.7% Many drugs used to control diabetes have produced results in managing obesity, which Lexaria plans to leverage with its DehydraTECH(TM) technology Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, recently announced its intent to conduct a human clinical study to examine its patented DehydraTECH(TM)-processed cannabidiol (“CBD”) for diabetes control…

ThursdayAug 10, 2023 4:20 am

420 with CNW — Bipartisan Senators in Pennsylvania File Bill Allowing Licensed Patients to Grow Medical Marijuana

A group of bipartisan senators in Pennsylvania have introduced a measure to expand Pennsylvania’s medical marijuana program by allowing patients aged 21 years and older to cultivate cannabis plants at home for personal use. The measure would allow registered medical marijuana patients in the state to grow up to six cannabis plants at home in a locked and enclosed location away from “ordinary public view.” Furthermore, it would grant medical cannabis dispensaries the right to sell cannabis seeds for home cultivation to registered patients. Introduced by Senators Dan Laughlin and Sharif Street alongside half a dozen other senators, the bill…

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