NewsRoom Articles - Page 95 of 609

WednesdayNov 01, 2023 4:20 am

420 with CNW — MasterCard, Bank of America, NRA Lobby in Support of Marijuana Banking

The Bank of America, MasterCard and the National Rifle Association are among a group of institutions that have disclosed lobbying activities related to legislation that would grant the cannabis industry access to banking services. Despite generating billions of dollars in sales, America’s state-legal cannabis industry has had no access to financial services for most of its existence. Cannabis businesses cannot access financial aid, and they are forced to operate on a cash-only basis, making them prime targets for criminals looking for liquid assets to steal. After lawmakers failed to advance cannabis banking past the U.S. Senate several times, an amended…

TuesdayOct 31, 2023 4:20 pm

420 with CNW — MSO’s Foray into Marijuana Delivery Business Births Expansion Plans

Two years ago, MariMed, a Massachusetts-based multistate cannabis operator, decided to establish a cannabis delivery service within its home state. Following comprehensive research on existing marijuana carrier services, the company contemplated two primary strategies: initiate a delivery service from scratch or look into acquiring an existing delivery company in Massachusetts. Ultimately, MariMed opted to invest in Little Dog Delivery, and the two entities formed a strategic partnership. The essence of the partnership was MariMed's aspiration for Little Dog to function as an extension of Panacea Wellness, the trio of retail establishments that MariMed owns in eastern Massachusetts. Presently, Little Dog…

TuesdayOct 31, 2023 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Grows List of Licensed Partners Following Exclusive Collaboration and License Agreement with SulfoSyn

Lexaria, a global innovator in drug delivery platforms, just announced an exclusive license to SulfoSyn Limited to use its patented DehydraTECH(TM) technology Lexaria will also perform specific DehydraTECH-related manufacturing operations on SulfoSyn’s behalf for an initial term of 2 years The license agreement adds to Lexaria’s growing list, which, as of the last two years, includes BevNology LLC, Premier Wellness Science Co. Ltd., and Dehydr8, LLC, among others It highlights the superiority of Lexaria’s technology, as further compounded by the 37 patents granted so far Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, just announced its latest…

TuesdayOct 31, 2023 4:20 am

420 with CNW — Marijuana Successes on Capitol Hill Galvanize Protagonist Groups

The past two decades have seen a dramatic shift in attitudes toward cannabis among both the American public and lawmakers. Millions of Americans now have access to marijuana through dozens of medical and recreational cannabis markets, and the controversial plant has strong support in legislative circles. Several polls also show that a majority of Americans support legalizing or decriminalizing the plant in some capacity. For example, a 2022 study by Pew Research Center found that 88% of American adults say medical and recreational cannabis use should be legal for adults while only 10% said cannabis shouldn’t be legal. With cannabis…

MondayOct 30, 2023 4:20 pm

420 with CNW — Seasonal Marijuana Harvesters in Demand Amid Layoffs

The competition for seasonal workers for this year's outdoor cannabis harvest has been relatively fierce. Many marijuana growers have downsized their full-time workforce in recent years in response to inflation, high-interest rates and the substantial capital required to compensate for this labor shortage. Over the past one and a half years, there have been numerous layoffs in the industry, resulting in slimmer crews that require additional assistance during the harvest season, according to Viridian Staffing CEO Kara Bradford. An April report from Vangst showed that total cannabis job numbers have declined by 2% since 2022, marking the first decline in…

MondayOct 30, 2023 4:20 am

420 with CNW — Cannabis Regulators Find Retail Outlets Have 99% Compliance Regarding Checking Age

A recent investigation by Colorado marijuana regulators has found that 99% of state-legal cannabis stores were compliant with underage sales checks. Out of 285 checks, cannabis regulators found only four failures, representing a “very high” compliance rate of around 99% for 2023. The state Department of Revenue’s Marijuana Enforcement Division (MED) noted in its latest quarterly Weeds newsletter that while any failure is unacceptable, the state still had an extremely high compliance rate for underage cannabis checks. Cannabis retailers in Colorado also had a 99% compliance rate in 2022 up from 95% in 2021, and 97% in 2020 and 2019.…

FridayOct 27, 2023 4:20 pm

420 with CNW — Lessons for Ohio from Michigan’s Recreational Cannabis Launch

Ohio may soon be the latest state in America to legalize recreational cannabis. Reform activists collected enough signatures for a legalization initiative titled Issue 2, and Ohioans are on track to vote on the measure in November. Multiple polls have found that most Ohio residents plan to vote in favor of the initiative to legalize and regulate recreational cannabis in the state. For example, a September poll by the Coalition to Regulate Marijuana Like Alcohol found that 55% of voters would “probably” or “definitely” support the recreational cannabis legalization initiative. Before Ohio potentially launches the latest recreational cannabis market in…

FridayOct 27, 2023 4:20 am

420 with CNW — Marijuana Contaminants Could Have Health Risks for Users

Cannabis use, whether for medical or recreational purposes, may have adverse effects due to the presence of harmful fungi contaminating the plants, according to a recent peer-reviewed study. The study, published in the “Frontiers in Microbiology” journal, employed data derived from earlier studies, combined with U.S. and international regulations related to the marijuana industry. The researchers examined various contaminants, including mucor, fusarium, penicillium, aspergillus and other fungi capable of infecting cannabis plants and generating mycotoxins. The findings showed that specific fungi could induce infections in lung and skin tissues, with such infections being more prevalent when marijuana is smoked compared…

ThursdayOct 26, 2023 4:20 pm

420 with CNW — Study Says Male Cannabis Users Are at Lower Risk for Kidney Stones

A recent study suggests that men who regularly use cannabis have a lower likelihood of experiencing kidney stones. Researchers who analyzed data spanning from 2009 to 2018, sourced from the National Health and Nutrition Examination Survey (NHANES), found that male cannabis users exhibited a significant 28% decrease in the odds of reporting kidney stones compared to nonusers. Furthermore, research showed that men who used cannabis between one and seven times per week had even more favorable odds, with a substantial 38% reduction in the likelihood of kidney stones. Those who used cannabis more than seven times per week did not…

ThursdayOct 26, 2023 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Receives Two New Canadian Patents Amid Continued Efforts to Safeguard the Applicability of Its DehydraTECH(TM) Technology in Multiple Jurisdictions and Sectors

Lexaria has continuously taken steps to protect its intellectual property internationally to safeguard the applicability of its patented DehydraTECH(TM) technology across the globe The company recently announced that it had received two new Canadian patents, increasing to 37 the number of granted patents in its intellectual property (“IP”) portfolio Lexaria has filed tens of patent applications in multiple jurisdictions that are considered to have the highest commercial potential The company continues to investigate opportunities that could culminate in expansions of and additions to its intellectual property portfolio and is also filing new patent applications for discoveries that arise from its…