NewsRoom Articles - Page 93 of 591

ThursdayJul 27, 2023 4:20 pm

420 with CNW — Ohio to Move Medical Cannabis Regulation Away from Board of Pharmacy

Ohio lawmakers have passed an operating budget with provisions that effectively remove the Board of Pharmacy as the entity in charge of the state’s cannabis industry and replace it with a new Division of Marijuana Control. The new regulatory agency for all cannabis-related matters will function under the auspices of the Ohio Department of Commerce. Ever since former Ohio Governor John Kasich signed House Bill 523 into law and launched the state’s medical marijuana program, both the pharmacy and commerce departments had been tasked with overseeing the fledgling medical cannabis program. While the commerce department handled marijuana cultivators, processors and…

ThursdayJul 27, 2023 4:20 am

420 with CNW — Study Links Cannabis to Reduced Pain, Elevated Runner’s High

A recent study has unveiled a fascinating connection between marijuana usage and an enhanced exercise experience, particularly for runners. The study, conducted by researchers at the University of Colorado Boulder, focused on 49 runners. The individuals were asked to evaluate their running experiences under two conditions: one after consuming cannabis and the other without any marijuana intake. The findings, recently published in the “Cannabis and Cannabinoid Research” journal, revealed that participants had significantly fewer negative emotions and greater feelings of positive affect, dissociation, enjoyment and tranquility during their marijuana-influenced runs compared to their nonmarijuana runs. Furthermore, the intriguing concept of…

WednesdayJul 26, 2023 4:20 pm

420 with CNW — Why Employers Are Ditching Pre-Employment Cannabis Testing

The changing legal framework surrounding marijuana makes it more difficult for companies to screen for marijuana-consuming applicants. According to an article by the Washington Post, the rapidly evolving state legislation concerning marijuana, combined with a shortage of eligible workers, has led to an increasing number of employers no longer requiring applicants to undergo a marijuana drug test as a condition for employment. Amber Clayton, the senior director of knowledge center operations at the Society for Human Resource Management, explained that employers are grappling with the challenge of navigating these laws while ensuring the safety of their workforce. “We need to…

WednesdayJul 26, 2023 9:00 am

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Patented DehydraTECH(TM) Technology Set to be Used in Multi-Billion Dollar Markets; On Track to have 2023 as Best Year Yet

Lexaria’s patented DehydraTECH(TM) technology enhances the performance of several categories of fat-soluble active molecules and drugs across oral and/or topical product formats This unique approach to drug delivery has earned Lexaria a total of 35 patents, with many patents pending worldwide The company continues active discussions with multi-billion dollar companies for the potential use of DehydraTECH in their commercial pursuits Lexaria is also actively seeking commercial partners during 2023 and 2024 Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, is out on an ambitious move to address conditions with high unmet needs. This focus has allowed them…

WednesdayJul 26, 2023 4:20 am

420 with CNW — Ohio Adds IBS to Medical Cannabis Qualifying Conditions List

Regulators in Ohio have added irritable bowel syndrome (IBS) to the state’s medical marijuana list of qualifying conditions. During the recent Ohio State Medical Board meeting, lawmakers made irritable bowel syndrome the 26th qualifying condition for a medical marijuana license in the state. IBS is one of the most common chronic conditions in America, affecting an estimated 25 to 45 million people in the country and costing the U.S. a whopping $1.3 billion in medical costs annually. The chronic condition is characterized by symptoms such as abdominal pain, diarrhea, cramping, gas and bloating, and affects roughly 5% to 10% of…

TuesdayJul 25, 2023 4:20 pm

420 with CNW — Meta to Let Hemp and CBD Firms Advertise on IG, Facebook

CBD and hemp firms recently scored a major win after Facebook’s parent company Meta loosened its hemp and cannabis advertising policies. In a recent notice, Meta announced the changes to its advertising policies and noted that companies in the cannabis space would now be allowed to advertise non-ingestible cannabidiol products under certain limitations. The social media giant also said that CBD-infused products that have 0.3% or less of THC can be promoted on its platforms if those products meet certain conditions. America’s state-level cannabis industry has been incredibly lucrative from its inception, generating billions of dollars in sales and creating…

TuesdayJul 25, 2023 4:20 am

420 with CNW — BJS Report Reveals a 61% Reduction in Marijuana Incarcerations as State-Level Legalization Spreads

A recent report from the Bureau of Justice Statistics (BJS) has revealed significant developments in drug-related incarcerations within the federal prison system. The number of individuals imprisoned for marijuana offenses dropped by a remarkable 61%, surpassing reductions seen in other drug categories between 2013 and 2018. Overall, drug-related incarcerations in federal prisons decreased by 24% during the same timeframe. However, the report highlights that nearly one-half of the Bureau of Prisons' population in 2018 consisted of individuals impacted by the war on drugs. While marijuana cases saw the most substantial decline at 61%, powder and crack cocaine incarcerations also significantly…

MondayJul 24, 2023 4:20 pm

420 with CNW — Michigan Registers a Record-Setting $261M in June Cannabis Sales

June witnessed a remarkable achievement in marijuana sales in Michigan as the figures soared to an unprecedented peak, nearing a staggering $261 million. The lion's share of this impressive total, amounting to $254,153,133, was contributed by adult-use marijuana purchases, while medical cannabis sales reached $6,643,877. This remarkable feat exceeded the previous record set in March by a margin of more than $10 million. According to data from the Michigan Cannabis Regulatory Agency (CRA), the majority of cannabis purchases consisted of flowers, followed closely by vape cartridges and infused edibles. Despite these remarkable sales records, Michigan continues to witness a noteworthy…

MondayJul 24, 2023 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Publishes Eighth Peer-Reviewed Article in International Journal of Molecular Science

The article covers the concentration of cannabidiol in hypertensive women and men using the company’s patented DehydraTECH(TM)-processed CBD The global cardiovascular drugs market is expected to grow from $146.51 billion in 2021, reaching $173.48 billion in 2026, growing at a CAGR of 3.1% The article supports Lexaria’s efforts as it pursues IND status from the FDA for DehydraTECH-CBD as a potential treatment for hypertension Company is planning to begin preparations for a clinical trial that could start as early as the fourth quarter Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, recently announced that its groundbreaking research…

MondayJul 24, 2023 4:20 am

420 with CNW — States Share Key Data to Facilitate Federal Cannabis Scheduling Review

States with medical cannabis markets have begun sharing data with the Biden administration to aid in the government’s review of marijuana’s federal classification. While more than 30 states may have legalized medical cannabis use over the past two decades, cannabis still remains illegal at the federal level, classified as a Schedule I drug with no medical applications alongside dangerous drugs like heroin, and cocaine. However, the fact that cannabis has several proven medical applications and is already being used by millions of Americans for therapeutic reasons shows that cannabis doesn’t belong in the same class as cocaine or heroin. Efforts…