December 2020 - Page 3 of 6 - CannabisNewsWire

FridayDec 18, 2020 4:20 am

420 with CNW — Supreme Court in Mexico Extends Cannabis Legalization Deadline

Back in 2018, Mexico’s Supreme Court concluded in two separate rulings that the country’s ban on recreational cannabis was illegal. Mexican law states that once the chambers of the Supreme Court come to a similar ruling on a subject matter five times, the ruling becomes a binding precedent to other judges in the country. As such, the government would have to amend any policies that were not in line with the Supreme Court’s ruling on recreational cannabis consumption, which are now considered unconstitutional, within 90 days. More than two years later, the Mexico Supreme Court has agreed to extend the…

ThursdayDec 17, 2020 4:20 pm

420 with CNW — Research Discovery Suggests CBD Topical Creams May Alleviate Chronic Back Pain

Did you know that lower back pain is a leading cause of disability in the world? Lower back pain can range from acute to chronic, and affects individuals of all ages, from the elderly to children. It is estimated that nearly 540 million individuals in the world are affected by lower back pain. Chronic back pain affects individuals from all socio-economic statuses and backgrounds. However, in recent years, middle-income and low-income populations have recorded significantly higher diagnoses in comparison with upper-income world populations. Back pain presents itself in many levels of severity and forms, from a persistent pain to complete…

ThursdayDec 17, 2020 1:53 pm

Pure Extract Technologies (CSE: PULL) Provides Update on Expansion into Functional Mushrooms Sector

Pure Extracts Technologies recently provided update into its expansion into functional mushrooms sector Functional mushrooms have enjoyed surge in popularity as of late, are increasingly being used in wide variety of healthcare, pharmaceutical products Functional mushrooms sector is expected to grow to annual market value of $34.4 billion by 2024 Pure Extracts plans to develop high bio-available products derived from functional mushrooms through use of its proprietary extraction processes Company also set to launch its own branded functional mushrooms-based products under ‘Pure Mushrooms’ brand from Q1 2021 onwards and has signed a LOI with the PURICA(TM) brand of mushroom wellness…

ThursdayDec 17, 2020 4:20 am

420 with CNW — Arizona Regulators Publish Draft Rules for Recreational Cannabis Industry

Cannabis was one of the clear winners in the November 2020 ballot, with voters in five states approving legislation that allowed some form of cannabis use. Arizona was one of those states. Before to the elections, the traditionally red state had some of the most punitive cannabis policies in the country, with possession of even small amounts of marijuana classified as a felony. On Election Day, Arizonians voted overwhelmingly in favor of Proposition 207, a measure that would allow adults to possess a maximum of one ounce of marijuana as well as grow a maximum of six plants at a…

WednesdayDec 16, 2020 4:20 pm

420 with CNW — Research Finds CBD Oil Can Prolong Shelf Life of Strawberries

A recent study tested the effects of CBD oil in preserving strawberries after they’ve been harvested. Test results discovered that CBD oil was effective in helping maintain the strawberries’ visual appearance, helping them to stay fresher for longer. The study, which was conducted by researchers from the University of South Florida, will be published in the “Postharvest Biology and Technology” journal. In the study, researchers explain that the microbial load and visual quality of the strawberries were evaluated before and during storage. Fruit that was treated with CBD oil was found to have a decreased microbial load, which resulted in…

WednesdayDec 16, 2020 3:55 pm

HempFusion Wellness Optimistic that Hemp / CBD Market Recovery is on the Horizon

HempFusion Wellness, Inc. is developing nutritional products (currently 46 on retail store shelves) that promote overall health and wellness in a variety of ways including skin care, pain relief and gut support The company’s products are distributed to about 4,000 retailers in all 50 states as well as some international outlets, including major food and drug retailers and big box stores mostly not available to other CBD companies HempFusion has filed a preliminary prospectus for a planned initial public offering (“IPO”) on Canada’s most senior stock exchange, the TSX Market watchers expect the CBD industry to expand to $12.4 billion…

WednesdayDec 16, 2020 4:20 am

420 with CNW — Federal Employees Still Banned from Consuming Cannabis Despite State-Level Enabling Laws

Cannabis has been having a good run for the past couple of years. As public perception towards the cannabis has changed, several states have allowed cannabis use in various forms, culminating in the November 2020 ballot, which saw five additional states legalize either recreational or medical marijuana. However, federal employees are still subject to drug testing for controlled substances, including cannabis, the Substance Abuse and Mental Health Services Administration (SAMHSA) has warned. With the recent slew of state-level legislation allowing cannabis use in various forms, some federal employees may assume they are now safe to use cannabis. But according to…

TuesdayDec 15, 2020 4:20 pm

420 with CNW — Forecasts Indicate That Europe Will Experience Huge Growth in Medical Cannabis Sector

According to the European Cannabis 2020 report, Britain’s medical marijuana market will experience a 98% compound annual growth rate between the years 2020 to 2025 if general practitioners and domestic cultivation is allowed. Projections show that this year, the marijuana market in Europe will reach £269 million, which is equivalent to $359 million. This growth represents a 25% increment from last year’s figures and is projected to increase, with a compound annual growth rate of 52%, to more than $3.1 billion by the year 2025. Brightfield Group, the international research firm that released the aforementioned report, announced that Britain’s marijuana…

TuesdayDec 15, 2020 4:20 am

420 with CNW — Mexican Legislators Request Another Deadline Extension for Cannabis Legalization

Despite the Mexican Senate having approved marijuana legislation in November, Chamber of Deputies legislators agreed to ask for the deadline to be extended from Mexico’s Supreme Court earlier this week. Earlier in 2018, the court had ruled that it was unconstitutional to prohibit the personal use of and the growing of cannabis. Legislators were ordered by the court to formally put an end to this criminalization by October 2019. Since then, the deadline has been moved several times at the request of the legislators, the most recent extension being December 15 this year. Now, lawmakers are requesting that the Supreme…

MondayDec 14, 2020 4:20 pm

420 with CNW — NBA Announces No Testing for Cannabis Next Season

The coronavirus pandemic disrupted everything from manufacturing and retail to education and sporting events. But while thousands of institutions shut down in the wake of the pandemic, some indefinitely, the NBA resumed the 2019–2020 season under a special arrangement. The National Basketball Association (NBA) created an isolation zone at Walt Disney World in Florida, with the teams playing behind closed doors and being tested for COVID 19 every other day. While the players were in the Orlando “Bubble,” the NBA and the National Basketball Players Association (NBPA) temporarily suspended random recreational cannabis tests while tests for performance-enhancing drugs resumed. On…