NewsRoom Articles - CannabisNewsWire

MondayJan 24, 2022 4:20 pm

420 with CNW — SAFE Banking Act Sponsor Vows to See Bill Passed Before He Retires

Operating in the legal cannabis space is no mean feat. Due to the plant’s federal status as a controlled substance, marijuana businesses have to deal with a lot of issues that players in other industries don’t even have to think of. For starters, most banks refuse to work with marijuana businesses in fear of federal reprisals, forcing the businesses to operate on a largely cash-only basis. This makes accounting and filing taxes extremely cumbersome and makes the business prime targets for criminals. For quite a while, industry stakeholders have argued for some kind of policy or regulation that would allow…

MondayJan 24, 2022 1:01 pm

Flora Growth Corp. (NASDAQ: FLGC) Kicks off 2022 with Successful First Cannabis Extraction at new Colombia Facility, the Appointment of Tim Leslie as Advisory Board Chairman, and 360 Financial Inc.’s FLGC stock purchase

Flora Growth just announced the production of its first batch of crude oil through its newly constructed facility in Colombia The company has also initiated the EU-GMP certification process that will allow it to target international medical cannabis markets Flora Growth also announced the appointment of Tim Leslie as Chairman of its newly established Advisory Board Mr. Leslie will play a key role in advising the company on how best to navigate the regulatory framework of building a truly global company 360 Financial, Inc. announced the purchase of 13,162 Flora Growth shares as of Q4 2021 Flora Growth (NASDAQ: FLGC)…

MondayJan 24, 2022 4:20 am

420 with CNW — State, Federal Officials Work Together on Draft Cannabis Standardization Proposals

America’s state-legal cannabis industry may be incredibly lucrative, but it is far from perfect. Barely more than a decade old, the sector is known for its patchwork laws and lack of standardization. For quite a while, industry stakeholders and reform activists have argued for the creation of standard rules and procedures. This would make interstate trade possible and allow the industry to really grow. Last week, local, state and federal officials met to discuss proposals that could end up in a federal handbook for cannabis regulation. Cannabis was on the agenda for two National Conference on Weights and Measures (“NCWM”)…

FridayJan 21, 2022 4:20 pm

420 with CNW — Four Ways to Benefit from Medical Marijuana in 2022

With medical marijuana legal in 37 U.S. states, chances are high that you could be a resident in one of the states where patients with any of the qualifying health conditions can legally access and use marijuana therapeutically. We discuss below some of the ways through which you can support your health and wellness by incorporating medical cannabis into your routine this year. Winter aches and pains Whether your muscles are sore due to several hours spent skiing or engaging in another winter sport, or the bitter cold of the season has made your chronic pain a tad worse, medical…

FridayJan 21, 2022 4:20 am

420 with CNW — Voters Could Decide on Marijuana Measures in 2022 in These States

As the wave to enact cannabis reform gains momentum across the country, we take a look at some of the states in which marijuana ballot measures may be on the cards this year. In Ohio, advocates who submitted voter signatures last year were told that they needed an additional 13,062 voter signatures to see their initiative cleared by the secretary of state. On Jan. 13, 2022, this group turned in an extra 29,918 voter signatures and now await the verdict of state officials on whether the needed number of valid signatures was attained. The legislature will then have a chance…

ThursdayJan 20, 2022 4:20 pm

420 with CNW — California Governor Vows to Reform State Marijuana Taxes

Last week, California Gov. Gavin Newsom made an announcement that was welcomed by the marijuana industry. During a news conference after revealing his 2022–2023 budget estimates, Newsom stated that he planned to revisit marijuana taxes so that the cannabis market could be stabilized. During that news conference, Newsom also stated that he planned to make municipalities across the state wake up to the immense potential of allowing marijuana retail businesses to operate within their jurisdictions in order to squeeze out black market operators. However, the governor didn’t provide any details regarding the approach that he would use to enact the…

ThursdayJan 20, 2022 1:04 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Marks Great Start to its 2022 R&D Programs Following Independent Review Board Approval

Lexaria received independent review board approval for its HYPER-H21-4 human clinical study for hypertension treatment The stage is also set for other R&D programs for the 2022 calendar year, including HOR-A22-1, DEM-A22-1, RHEUM-A22-1 and DIAB-A22-1 All of these 2022 R&D programs are fully funded, with Lexaria having raised approximately $15 million over the 2021 calendar year Lexaria believes that these programs will build significant value for its stakeholders and pursue policies for substantial improvements to human health In late 2021, Lexaria Bioscience (NASDAQ: LEXX) announced several new and ongoing R&D programs for its patented DehydraTECH(TM) technology. While making the announcement,…

ThursdayJan 20, 2022 4:20 am

420 with CNW — Study Finds That Hemp Compounds Could Block Coronavirus Infection

New research carried out by researchers at the Oregon State University and the Oregon Health and Science University has discovered that some hemp compounds may be able to prevent SARS-CoV-2 from entering cells in the human body. SARS-CoV-2 is the virus that causes the coronavirus infection. The study’s findings were reported in the “Journal of Natural Products.” Hemp is a strain of the marijuana plant that has been grown for use in various commercial applications. The plant has very small amounts of THC (tetrahydrocannabinol), which is one of the two primary compounds found in cannabis, the other being CBD. Unlike…

WednesdayJan 19, 2022 4:20 pm

420 with CNW — Future Cannabis Impairment Testing May Rely on Brain Scans

Legalizing cannabis has brought forth a ton of benefits: the state-legal industry has created hundreds of thousands of new jobs, generated billions of dollars in revenue and filled state coffers with billions of cannabis tax dollars. This money has been used to fund plenty of social-equity programs designed to help the underprivileged as well as communities that were disproportionately affected by the war on drugs. However, making recreational cannabis legal has made traffic policing much more difficult. While we have a relatively accurate way of testing how drunk an individual is, no such test exists for cannabis. At best, current…

WednesdayJan 19, 2022 4:20 am

420 with CNW — Mississippi Mom Believes Legalizing Medical Cannabis Would Transform Epileptic Daughter’s Health

We don’t know a lot about how cannabis affects the body, although anecdotal accounts and preliminary research shows that cannabis has some therapeutic ability. However, the consensus among most experts is that we need more research on cannabis. In the meantime, what we do know about the controversial plant is significant enough. Studies have found that cannabis can reduce seizures suffered by children with intractable epilepsy. Furthermore, the FDA has approved a CBD-based drug called Epidiolex to treat two rare and severe forms of pediatric epilepsy: Dravet Syndrome and Lennox Gastaut Syndrome. Gaining access to such cannabis-based epilepsy drugs is…

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