September 2021 - Page 5 of 8 - CannabisNewsWire

ThursdaySep 16, 2021 4:20 am

420 with CNW — CBD Trademarking Judgment Highlights Problems of FDA Regulatory Delays

The cannabidiol (“CBD”) industry has grown a great deal in the few years that it has been legal, achieving a market size value of $2.8 billion in 2020. Demand for CBD-infused products has been on the rise, thanks to reports of its potent medicinal properties, and a multitude of sellers have entered the CBD space looking to capture a swathe of the market for themselves before it becomes too saturated. However, it hasn’t been a walk in the park for these companies, thanks to a variety of barriers, the main one being the fact that the CBD industry does not…

WednesdaySep 15, 2021 4:20 pm

420 with CNW — Labor Day Cannabis Sales Rank Among Highest

Cannabis sales were expected to increase over the last week’s Labor Day weekend and on Labor Day itself. A report that was recently released by Akerna, a marijuana technology company, states that nearly $240 million in national legal marijuana sales were expected for this holiday weekend. The report noted that the increase was projected to begin on Friday, with roughly $90 million in cannabis sales, which equates to a 61% increase from an average Friday. Saturday was projected to see almost $70 million in legal sales while Sunday was expected to bring in $39 million. On Labor Day itself (Monday),…

WednesdaySep 15, 2021 2:37 pm

Flora Growth Corp. (NASDAQ: FLGC) Receives its 2021 Commercial Export Quota Allocation from Colombian Government; Partners to Optimize Its Supply Chain By Implementing Global Cannabis Product Validation and Authentication Platform

Flora also recently announced it had received its 2021 commercial export quota allocation of 7,900 kilograms to cultivate, process, and distribute high-THC cannabis Flora Growth also announced it has entered into an agreement with Applied DNA Sciences, Inc. and TruTrace Technologies, Inc. FLGC will deploy the two companies’ integrated technology as part of its global cannabis product validation and authentication platform The integrated technology will tag, test, and track Flora’s cannabis and cannabis derivative products during transit across an international supply chain, providing enhanced transparency, traceability, and trust As an internationally focused company, Flora Growth (NASDAQ: FLGC) has always strived…

WednesdaySep 15, 2021 12:45 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Making Great Strides Toward Filing IND Application for Patented DehydraTECH(TM) Technology

Lexaria has begun the formal process of preparing an application for Investigational New Drug status for DehydraTECH(TM) and cannabidiol for hypertension The filing is being done with the assistance of an outside consultancy group, with Lexaria Bioscience designing non-clinical, clinical, and related product development required prior to the filing – all of which support Lexaria’s more ambitious goals There have been two successful human hypertension trials done with the combination DehydraTECH-CBD therapy in 2021, following an original human clinical study in 2018, and many animal studies Lexaria is making a strong case to support the efficacy of the technology for…

WednesdaySep 15, 2021 4:20 am

420 with CNW — BMW to Use Hemp, Hemp Materials to Reduce Emissions

The world’s leading manufacturer of premium motorcycles and automobiles, the BMW Group, seems focused on decreasing the emissions released when manufacturing and making use of its vehicles. It recently revealed that hemp would play a big role in this decrease in emissions. The company has been making use of hemp for a couple of years now in the door panel lining of its fully electric i3 model. The use of the plant in this way not only attracts eco-savvy consumers but also helps lighten the vehicle. Hemp, which is sometimes referred to as industrial hemp, is a class of cannabis…

TuesdaySep 14, 2021 4:20 pm

420 with CNW — AMA Study Shows Cannabis Legalization Hasn’t Increased Youth Marijuana Use

When cannabis drug reform was just starting to gain steam, many a prohibitionist argued that legalizing cannabis would increase access and directly lead to an increase in marijuana use by the youth. However, things have played out differently, with most states having legal cannabis markets reporting no increase in youth drug use after they launched recreational or medical cannabis sales. A new study on adolescent cannabis consumption that was recently published in a prominent scientific journal has now joined the growing body of literature that has found no correlation between the emergence of recreational and cannabis laws and an increase…

TuesdaySep 14, 2021 4:20 am

420 with CNW — NIDA Director Says Evidence Exists Showing Cannabis Prohibition’s Racist Effects

Decades after the government kicked off the war on drugs in an attempt to reduce drug abuse and defund the criminal enterprises behind the drug trade, America is still reeling from the effects of this failed endeavor. While the intent behind the drug war was noble, authorities went about achieving it the wrong way, mainly focusing their attention on minorities such as African Americans and Latinos, and wreaking untold havoc on these underserved communities. Presently, it is widely accepted that the decades-long war on drugs is an unmitigated failure that has ruined millions of lives over exceedingly minor drug offenses,…

MondaySep 13, 2021 4:20 pm

420 with CWN — Study Reports Increase in Cannabis Sales in Multiple States During Pandemic

A new study has found that legal cannabis sales in multiple states in the nation hit record highs last year as COVID-19 spread across the country. Up until now, sales in the four states included in the analysis, namely Washington, Oregon, Colorado and Alaska, have increased more during the coronavirus pandemic, than in the two years prior to the pandemic. The study’s authors include researchers from the Drug and Alcohol Institute at the University of Washington, researchers from the Centers for Disease Control and Prevention, and others from health and regulatory agencies in other states. The study was published in…

MondaySep 13, 2021 3:02 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Impressive Blood Pressure Reduction in Hypertension Clinical Trials

Lexaria Bioscience has developed a patented technology that improves the bioavailability of pharmaceuticals and therapeutics in part by bypassing first-pass-liver processing Lexaria’s patented DehydraTECH (TM) technology is undergoing human clinical trials this year to determine its effectiveness in making cannabidiol (“CBD”) effective as a means of reducing blood pressure for high blood pressure patients The initial results of the first human clinical study showed the DehydraTECH-CBD compound was well tolerated by patients without troubling side effects and that the compound outperformed generic CBD controls Just-released initial (partial) results regarding the compound’s second human clinical trial show that a three-dose regimen…

MondaySep 13, 2021 12:34 pm

Flora Growth Corp. (NASDAQ: FLGC) Expands Across International Borders into Europe and Asia

Flora Growth business divisions include pharmaceuticals, cosmetics, hemp textiles, and food & beverage sectors Flora Lab now has three GMP certifications – one each for cosmetics, phytotherapeutic products, and dietary supplements Flora Growth operates internationally but has its cultivation and processing operations based in Colombia – with one of the largest outdoor cultivation facilities in the world, aiming to produce medical-grade cannabis flower and derivative products at below-market pricing Proposed acquisitions of Vessel Brand and Koch & Gsell, as well as investment into Hoshi International, will help expand the business across international borders and into the US, Europe, and Asia…

News and publishing service for cannabis related companies

Contact us: 512.354.7000

Month: September 2021