NewsRoom Articles - CannabisNewsWire

MondayJan 30, 2023 4:20 pm

420 with CNW — Connecticut Retailers See Brisk Business During First Week of Legal Cannabis Sales

Following the opening of seven adult-use dispensaries on Jan. 10, 2023, the first week of recreational cannabis sales in Connecticut was marked by high customer demand, low stock levels and the introduction of gummies. Businesses increased staff, pushed online transactions, shifted employees from cannabis markets, and fulfilled orders outside for customers waiting in line to keep up with the increased demand. Despite numerous restrictions on retail cannabis sales, the Department of Consumer Protection (DCP) reported that adult-use sales exceeded $251,000 in the first few hours of operation. With three of its four medical marijuana licenses converted into hybrid retail permits…

MondayJan 30, 2023 4:20 am

420 with CNW — US Air Force Grants Cannabis Waivers to More Recruits Than Anticipated

As cannabis reform has swept across the country, there have been questions about how institutions that still abide by prohibitionist cannabis policies would deal with an influx of cannabis users among their ranks. Last September, the U.S. Air Force and Space Force launched a pilot program that would allow recruits who had tested positive for marijuana during the enlistment process to enlist. The two military branches announced last year that while active members were still banned from using cannabis regardless of state laws, new recruits who had high enough scores on their qualification tests, did not have convictions on their…

FridayJan 27, 2023 4:20 pm

420 with CNW — Texas Authorities Start Process to Issue Additional Medical Marijuana Dispensary Licenses

According to a press release issued by the Texas DPS, the department is now accepting applications for the possibility of adding more medical marijuana dispensaries. The application window, which opened on Monday, is expected to close on April 28, 2023. The release stated that the number of licenses that would be approved would be decided in the future. However, it's doubtful that the agency will set a limit before the summer since the legislature might pass legislation that could allow for more permitted dispensaries. Texas legalized medical cannabis in 2015. The diseases and conditions it covered as well as the…

FridayJan 27, 2023 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) CEO Anticipating ‘Best Year Ever’ in 2023

Lexaria Bioscience recently released its 2023 annual letter from CEO Chris Bunka, providing a strategic update to all stakeholders The letter highlights the key milestones achieved in calendar 2022, outlines expectations for calendar 2023, and indicates why Chris Bunka expects 2023 to be the company’s best year so far 1In calendar 2023, Lexaria expects to attain FDA registration for an investigational new drug (“IND”) program and commence Phase 1(b) clinical study evaluating the safety and tolerability of DehydraTECH(TM)-processed CBD as a treatment for hypertension The company will also be pursuing commercial relationships in 2023 even as its R&D continues to…

FridayJan 27, 2023 4:20 am

420 with CNW — NJ Senate Committee OKs Bills Allowing Cannabis Companies to Deduct Expenses on Tax Returns

Cannabis businesses in New Jersey may soon be able to enjoy tax benefits that have been available to companies in other industries for decades. Thanks to cannabis’ federal status as a controlled drug, licensed marijuana businesses cannot access tax benefits, including deductions, despite paying billions of dollars in taxes. The New Jersey Senate Budget Appropriations Committee recently approved two bills that would finally make it possible for cannabis businesses to deduct some expenses on their state tax returns. The companion measures came from the Assembly and the Committee's chamber before the committee made them identical and advanced them. The pair…

ThursdayJan 26, 2023 4:20 pm

420 with CNW — Governor Signs Bill Legalizing Recreational Cannabis in US Virgin Islands

The U.S. Virgin Islands is the most recent region in the nation to end cannabis prohibition after Governor Albert Bryan Jr. formally signed two bills legalizing marijuana and facilitating cannabis expungements. Bryan signed the bill just a few days before its 10-day deadline. He also used the occasion to issue a proclamation allowing people to seek pardons for previous cannabis possession convictions. The governor stated that since the Bryan-Roach Administration started working, officials have operated toward the decriminalization of marijuana use for adults. He also noted that following the personal effort of the representatives in the 34th Congress and preceding legislatures as well as the…

ThursdayJan 26, 2023 4:20 am

420 with CNW — Jobs Fair Shows Growth of New Jersey Marijuana Industry

New Jersey is staying true to its farming reputation and history when it comes to cannabis production and sales. The demand for professionals in the business is great because the state is currently the fifth-largest marijuana retailer in the United States. Last week, a career fair featuring cannabis-related companies made this need extremely evident. In three hours, more than one hundred people attended the Passaic County Cannabis Career Fair that was held at the main campus of the Passaic County Community College; Edwin Lopez was one of those attendees. Lopez, who manages a local site for a medical supply company that is shutting…

WednesdayJan 25, 2023 4:20 pm

420 with CNW — Las Vegas Prepares to Launch First Marijuana Hotel in April

Voters in Nevada approved the recreational consumption of cannabis by individuals aged 21 and above on the November 2016 ballot. Like most states with legal cannabis markets, Nevada outlawed public cannabis consumption of any kind, meaning individuals had to use cannabis within their homes. Since cities such as Las Vegas were looking to benefit big from cannabis tourism, out-of-state visitors had no choice but to consume cannabis in private residences with the owners’ permission. However, that will change when the Artisan Hotel Boutique becomes the first hotel to offer facilities for public consumption for residents and tourists. Elevations Hotels and…

WednesdayJan 25, 2023 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Uses Patented DehydraTECH(TM) Technology to Increase Bioavailability to Meet Underserved Medical Needs

Bioavailability measures the amount of a substance that enters the bloodstream, with most oral routes providing lower amounts of the drug due to poor bioavailability Studies on nutrients show that not all the nutrients we ingest actually enter the bloodstream due to inhibiting factors in the digestive tract Lexaria’s patented DehydraTECH(TM) technology helps increase bioavailability for active pharmaceutical ingredients (“APIs”), which has been shown through various animal and human clinical studies Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, is using its patented DehydraTECH(TM) technology to improve bioavailability and how active pharmaceutical ingredients (“APIs”) enter the bloodstream…

WednesdayJan 25, 2023 4:20 am

420 with CNW — GOP-Led Congressional Bill Seeks to Reform Gun Ownership Rules for Medical Marijuana Users

The first draft of the marijuana legalization bill for the 118th House meeting has been filed by Republican House legislators, and it calls for allowing medical marijuana patients to buy and own guns. The legislation, which looks to be similar to a bill that was initially submitted in 2019 but did not move, was introduced by Rep. Alex Mooney (R-WV). The cochair of the Congressional Marijuana Caucus, Rep. Brian Mast (R-FL) along with Thomas Massie (R-KY) are cosponsors of the measure. The bill's entire text is not yet available, although it has the same short name as Mooney's Second Amendment Protection Act from…

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