NewsRoom Articles - CannabisNewsWire

WednesdaySep 18, 2024 4:20 pm

420 with CNW — Trump Backs Ongoing State, Federal Cannabis Reforms

Donald Trump reaffirmed his support for legalizing recreational cannabis in Florida earlier this week. He also expressed his approval for rescheduling marijuana at the federal level and advocated for removing banking restrictions on state-licensed cannabis businesses. While he hasn’t endorsed ending the federal ban on marijuana, U.S. presidential candidate Donald Trump has made comments that suggest he’s aware of its potential political influence. His remarks came just ahead of his first debate with Vice President Kamala Harris. Trump's support for Amendment 3, which he first hinted at in August, could potentially boost the initiative. If passed, the amendment would allow…

WednesdaySep 18, 2024 10:00 am

Could US Be Seeing End of Divisiveness on Marijuana Policy?

Recent developments on the political front in the United States are signaling greater acceptance of marijuana in the country. Public approval of the drug has grown considerably, with the medical use of marijuana being legal in 38 states, 4 territories and the District of Columbia. Recreational marijuana is also legal in 24 states, the District of Columbia and 3 territories. This represents about 53% of the country’s population. These jurisdictions now tax and regulate marijuana sales similar to alcohol. Voters in other parts of the country are also set to vote on the same in the upcoming elections. However, marijuana…

TuesdaySep 17, 2024 4:20 pm

420 with CNW — Clarifying Congress’ Intent on THC Could Help in Reforming Marijuana Laws

Back in 2018 when Congress passed the current farm bill that legalized hemp, Congress seemed to have been under the belief that hemp was for making rope rather than intoxicating products. However, the current debate around hemp is almost solely rotating around intoxicants. It has become abundantly clear that the law passed in 2018, in a way, spawned the current proliferation of derivatives, including THC products. There is a heated debate, with people on either side making arguments in support of their positions. For example, the hemp industry wants the current law to remain as it is, leaving makers of…

TuesdaySep 17, 2024 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Demonstrates Continued DehydraTECH(TM)-Liraglutide Performance with Ongoing GLP-1 Diabetes Animal Study

Lexaria, a global innovator in drug delivery platforms, is reporting on its eight-week body weight results from its WEIGHT-A24-1 ongoing animal study The study was made up of three main groups of formulations: DehydraTECH-processed CBD; semaglutide (including “Rybelsus(R)”) and liraglutide The DehydraTECH-CBD and DehydraTECH-liraglutide both outperformed Rybelsus(R), which was a surprise outcome. DehydraTECH-liraglutide posted a weight reduction of 4.74%, the most significant in the study For Lexaria, this continued outperformance of DehydraTECH-liraglutide is of particular interest, particularly since many third-party studies have shown semaglutide to be more than twice as effective as liraglutide in promoting weight loss As the study…

MondaySep 16, 2024 4:20 pm

420 with CNW — Study Finds Drop in Marijuana Use by Teens, Rise Among Adults

A recent study revealed that marijuana use has been on the rise in the United States, though surprisingly not among young teens. The study, which analyzed the cannabis consumption habits of more than 500,000 people between 2013 and 2022, was published in the latest edition of Drug and Alcohol Dependence Reports. It highlighted that marijuana use saw significant growth among individuals living in households with an annual income exceeding $75,000 and those holding college degrees. Along with examining usage patterns over the previous 30 days, the study also looked at trends related to household income, age, gender, race, ethnicity and…

MondaySep 16, 2024 10:00 am

Ohio Cannabis Retailers Bag Estimated $50M in First Month of Adult-Use Sales

Recently released data shows that recreational cannabis sales in the state of Ohio have exceeded $50 million since sales were launched in August. This comes after voters in the state passed Issue 2, a ballot initiative that legalized the recreational use of marijuana in November 2023. According to the initiative, licensed sales were to begin on Aug. 6, 2024. Individuals aged 21 years of age and older can possess 15 grams of edibles or extracts and no more than 2.5 ounces of marijuana. The Division of Cannabis Control revealed that dispensaries had sold almost $54.6 million in recreational marijuana products…

FridaySep 13, 2024 4:20 pm

420 with CNW — New Research Shows Cannabis Users Fared Better During COVID-19

According to a recent study, individuals who use cannabis are less likely to die, require a ventilator or suffer from extreme COVID-19 infections. Researchers from New York’s Northwell Health conducted the study, which was just released in the peer-reviewed “Cannabis and Cannabinoid Research” journal. The study analyzed the National Inpatient Sample Database’s data, focusing on patients admitted with a COVID-19 diagnosis. The patients were divided into two groups: those who used marijuana and those who did not. To ensure fairness, researchers adjusted for various factors, such as race, age, gender and existing health conditions. Cannabis users had a lower risk…

FridaySep 13, 2024 10:00 am

US Marijuana Brands Looking to Tap International Opportunities

The rise in demand for American marijuana products in Europe has driven some brands to spread their wings globally. Some of the companies targeting global growth represent a growing section of the industry, with some cannabis operators finding that expanding internationally is easier than navigating regulations in the United States. Lehua Brands, a manufacturer of infused drinks based in California, is one of these brands. The company’s CEO, Sierra Elaina, stated that issues such as market oversaturation, overtaxation and issues with distribution were affecting those involved in the industry. The company isn’t dealing with these issues in the Canadian market,…

FridaySep 13, 2024 9:00 am

New York Cannabis Insider Conference: The State’s Premier Cannabis Event

Cannabis traders, entrepreneurs, growers, stakeholders, service providers, regulators, industry leaders, and investors, are invited to attend the state’s premier cannabis event at The Desmond Hotel in Albany, New York on Sept. 25. The NY Cannabis Insider Conference provides a major learning and networking platform to the New York cannabis industry. As the legal weed industry grows, the conference is designed to address the evolving issues of the industry. The live events at the conference allow participants to learn the licensing and regulatory policies, the latest technology resources and products, and a number of operational tips from stalwarts attending the event.…

ThursdaySep 12, 2024 4:20 pm

420 with CNW — Nebraskans to Vote on Medical Marijuana Legalization This November

Nebraska voters will have the opportunity to decide on the legalization of medical marijuana in the state during the upcoming November election, according to an announcement made last week by state officials. Bob Evnen, the secretary of state, confirmed that two separate measures regarding medical cannabis will be included on the ballot. Officials from the pro-medical cannabis advocacy group, Nebraskans for Medical Marijuana, revealed earlier this year that they had gathered almost 114,000 signatures from voters in favor of legalization. This figure greatly surpasses the necessary 86,000 signatures to include the measures on the ballot. Evnen noted that, thus far,…