August 2021 - Page 5 of 8 - CannabisNewsWire

ThursdayAug 12, 2021 4:20 pm

420 with CNW — Data Forecasts Global Marijuana Drinks Market to Hit $6B by 2030

A recently released report by Fact.MR forecasts that this year the global marijuana-infused drinks market will experience significant growth. Projections also show that a decade from now, the market’s revenues will have grown by more than 20 times, with a compound annual growth rate of about 38% to reach roughly $6 billion. Marijuana is legal in more than 35 states for medical use and in 16 states for recreational use. The herb’s legalization has prompted an increase in the demand for marijuana and marijuana goods. This has led to more marijuana-infused beverage businesses entering the market in an attempt to…

ThursdayAug 12, 2021 4:20 am

420 with CNW — Federal Agency Publishes Maiden THC, CBD Testing Variability Report

Despite being one of the youngest sectors in America, cannabis is one of the country's fastest-growing spaces. Cannabis and hemp products have become extremely popular, with the sector being one of the few spaces emerging from the coronavirus pandemic relatively unscathed and actually seeing increasing sales. However, one issue that has plagued America's state-legal cannabis industry has been cannabinoid testing. The 2018 Farm Bill, which legalized the cultivation and sale of industrial hemp and its cannabinoids, placed a 0.3% THC limit for legal hemp. But most laboratories that test for THC, CBD and other cannabinoids often come back with different…

WednesdayAug 11, 2021 4:20 pm

420 with CNW — Senate Appropriations Committee Urges Federal Agencies to Reconsider THC Cap for Hemp Products

Last week, the U.S. Senate Appropriations committee voted to approve a bill urging federal authorities to create a regulatory mechanism for cannabidiol products and rethink THC restrictions on hemp. These provisions were among others passed by the Senate committee while working on a bill to fund the U.S. Department of Agriculture as well as other federal departments and agencies for next year’s fiscal year. The bill would also maintain a rider, which protects state-level hemp programs from interference by federal authorities. Below are some of the marijuana-linked provisions supported by the committee, many of which are akin to the resolutions…

WednesdayAug 11, 2021 12:47 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Releases Partial Results from Human Clinical Trial of DehydraTECH(TM)-Processed Cannabidiol for Hypertension

Clinical study HYPER-H21-1 evaluates the use of patented DehydraTECH(TM)-processed CBD for use against hypertension Hypertension is a primary or contributing factor in the death of almost 500,000 people per year, with approximately one in four adults aged 20 to 44 suffering from high blood pressure Initial results of the study show that blood pressure was reduced in both male and female volunteers, resulting in the reinforcement of pre-existing findings demonstrating that DehydraTECH delivers superior performance Lexaria plans on launching two additional clinical trials, for a total of three clinical trials in 2021 for the DehydraTECH-CBD with hypertension applications Lexaria (NASDAQ:…

WednesdayAug 11, 2021 4:20 am

420 with CNW— Is it Worthwhile to Use CBD Beauty Products?

Cannabidiol, or CBD for short, is one of the chemical compounds found in the cannabis plant. This cannabinoid is all the rage these days and can be found in a huge variety of products including water, sweets, snacks and even your morning cup of coffee. It is also now being included in body care products such as face masks, moisturizers, body lotions and even lip care products. But should you spend your hard-earned money on these products? While scientific evidence of their benefit is still scant, a number of studies suggest CBD beauty products may offer some benefits. For example,…

TuesdayAug 10, 2021 4:20 pm

420 with CNW — How Congress Can Make Hemp Easier to Cultivate

Hemp's close relation to marijuana nearly doomed the versatile plant to obscurity. For those who don't know, industrial hemp is a member of the cannabis family, and it produces minimal amounts of THC, the cannabinoid that makes marijuana intoxicating. The nonpsychoactive plant has a plethora of applications ranging from textiles and construction to health and wellness, and it played a significant role in America's economy while the colonies were under British rule and after gaining independence. However, as the 1900s ended and the prohibitionist movement gained steam, hemp was lumped together with cannabis and eventually outlawed in the 1930s. It…

TuesdayAug 10, 2021 12:29 pm

Consumer Shift from Alcohol to Cannabis-Infused Beverages Looks to Benefit BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC)

Research shows one in three cannabis users drink less alcohol when compared to before legalization, 84% feel cannabis is safer, nearly half (47%) prefer cannabis over alcohol BevCanna specializes in the production of in-house and white-label cannabis-infused beverages using Canadian premium alkaline spring water BevCanna’s HACCP-certified, 40,000 square foot manufacturing facility operating by GMP standards, current capacity at 210 million bottles per annum Extensive retail network spans 3,000+ points of distribution throughout North America Cannabis-infused beverages are increasing in popularity as the drink of choice for consumers in social settings — a trend that some analysts believe threatens the alcoholic…

TuesdayAug 10, 2021 12:02 pm

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Releases Q4, FY 2020, Q1 2021 Financial Results on the Back of Strong, Sustained Traction for Its Brands

Red White & Bloom released its Q4 2020 and FY 2020 results and later reported its Q1 2021 results In its Q4 2020 results, the company posted a 158% quarter-over-quarter increase in revenue from $CA6.1 million in Q3 2020 to $15.7 million Its FY revenue grew from nil in 2019 to CA$23.3 million in 2020, while its gross profit was CA$13.35 million in 2020 from nil in 2019 RWB reported $32.7 million in Q1 2021 adjusted sales, an increase of 14.5% over Q4 2020 In a statement contained in the company’s December 2020 investor deck presentation, Red White & Bloom…

TuesdayAug 10, 2021 11:40 am

Flora Growth Corp. (NASDAQ: FLGC) Inks 2 LOIs to Boost CBD Product Distribution in Australia, Latin America

Flora Growth Corp. is a Colombian cannabis cultivator that is building a global cannabis CPG portfolio of premium brands and products Flora Growth recently announced an LOI designed to grant it an in-road to Australia’s over-the-counter medical cannabis and CBD commercial markets The company also signed an LOI to distribute popular Canadian pain topical brand KaLaya throughout Latin American countries, with exports planned to the United States, and to infuse its established line of products with CBD Market analysts predict Australia’s medial cannabis market will explode from about $150 million this year to more than a billion dollars by 2025…

TuesdayAug 10, 2021 4:20 am

420 with CNW — Senate Leaders Release Infrastructure Deal Seeking to Allow Studies Using Cannabis from Dispensaries

Earlier this week, Senate leaders released a bipartisan infrastructure legislation that includes provisions that permit researchers to conduct studies on the cannabis that consumers are purchasing from dispensaries in legal states. Prior to this, researchers were only allowed to conduct research on government-grown marijuana. In addition, the legislation encourages states that have enacted marijuana legalization laws to educate individuals on impaired driving. The legislation also stipulates that the Health and Human Services Secretary and the Attorney General compile a report two years after the legislation's enactment that would include recommendations on permitting researchers to access retail-level cannabis, which would allow…