October 2021 - Page 6 of 8 - CannabisNewsWire

FridayOct 08, 2021 4:20 pm

420 with CNW — Humboldt County OKs $1M Grant Targeting Marijuana Growers

Despite its relatively young age, America's state-legal cannabis industry has been insanely lucrative. In just a few short years, the sector has generated billions of dollars in revenue, created hundreds of thousands of new employment opportunities, and filling state coffers with millions in tax revenue. However, while some cannabis farmers and companies have been laughing all the way to the bank, others are struggling to keep their heads above water and barely holding on. It has gotten so bad that California's Humboldt County has okayed a $1 million grant to help cannabis cultivators survive amid a significant drop in cannabis…

FridayOct 08, 2021 1:12 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Positive Outcome of NIC-A21-1 Study Using DehydraTECH(TM)-Nicotine Pouches

The company believes that the study findings support its patented DehydraTECH(TM) system as being the world’s fastest-acting nicotine through oral absorption and a safer nicotine alternative for the 1.1 billion smokers of the world Plans for a human trial are in the design process, and Lexaria intends to use existing capital to execute the study The global nicotine pouch market is expected to grow to a total revenue of $21.84 billion by the end of 2027, a CAGR growth of 30.7% over the forecast period A leader in innovative drug delivery platforms, Lexaria Bioscience (NASDAQ: LEXX) has announced the results…

FridayOct 08, 2021 4:20 am

420 with CNW — As Millennials Shun Alcohol, Alcohol Firms Start Eyeing Cannabis Drinks Segment

Millennials have been at the forefront of change for quite a while now. They were the first generation to grow up with the internet, and they played a significant role in the development of e-commerce. They are also holding off on homeownership, are waiting longer to marry, and have fewer kids. They are not concerned with living the way past generations did; rather, they are doing their own thing, and society tends to follow in their steps. Now, the generation's growing aversion to alcohol may very well revolutionize the beverage industry and elevate a burgeoning cannabis segment in the process.…

ThursdayOct 07, 2021 4:20 pm

420 with CNW — Schumer Reveals Key Senators Agree Cannabis Banking Will Be Addressed After Legalization

In a recent interview, Senate Majority Leader Chuck Schumer revealed that he and his colleagues who are working to advance a bill to legalize cannabis at the federal level have a consensus to not get involved in the marijuana banking legislation until more broad reforms are advanced. Schumer noted that he was open to exploring alternative ways to advance the banking reform if legislators were able to include social equity provisions of legalization, such as expungements for previous marijuana convictions, into the defense policy bill that the chamber will be discussing in the coming weeks. The interview was conducted on…

ThursdayOct 07, 2021 3:03 pm

New Heights Summit on October 25th to Provide Key Insights on COVID Economic Recovery Opportunities Through Cannabis Tourism

3rd annual event to feature groundbreaking learnings from Canadian Cannabis Tourism Research Study The third annual New Heights Cannabis Tourism Summit will take place Monday, October 25, 2021, and will reunite the cannabis and tourism industries virtually. In partnership with the Tourism Industry Association of Ontario (TIAO), the event provides an opportunity to understand new strategies, gain insights, network and engage with peers who work in the tourism and cannabis industries. Attendees will hear from Canadian experts in the cannabis tourism space who are tackling the challenges facing the industry today in order to grow tomorrow. The event will include…

ThursdayOct 07, 2021 11:53 am

Flora Growth Corp. (NASDAQ: FLGC) Further Growing its Market Reach with Recent Panama Entry

Panama’s National Assembly recently passed a bill legalizing cannabis for medical use Plans are already in place to establish a technical council on cannabis, a national register of qualified users, and the issuance of seven licenses for import and domestic production of cannabis-based medicinal products Robust Farms Inc., a Panama-based importer and distributor, is set to receive its cannabis import license Flora has entered into a non-binding LOI with Robust to initially supply its premium CBD-derivative products from its Kasa Wholefoods division This marks a significant move in Flora’s overall global expansion plan Years of research have shown that medical…

ThursdayOct 07, 2021 4:20 am

420 with CNW — California Governor Enacts Bill Regulating Medical Cannabis Use in Hospitals

Last week, Gov. Gavin Newsom signed a legislation that would require hospitals to allow some patients to use medical cannabis. The governor of California signed the bill, having revealed that his concerns about an initial version of the bill that he had vetoed had been resolved. The sponsor of the legislation, Sen. Ben Hueso, has been advocating for the measure to allow marijuana use in health facilities for patients with terminal illnesses over multiple sessions. Recently, Hueso sent a letter to the head of U.S. Department of Health and Human Services asking for clarification on whether the change in policy…

WednesdayOct 06, 2021 4:20 pm

420 with CNW — What Could the Future Hold for the UK’s CBD Sector?

The past couple of years have seen cannabidiol (“CBD”), a hemp extract that's said to be filled with potent medicinal properties, become immensely popular in several territories across the world. Most countries with legal CBD markets legalized the hemp extract within the past decade, and as a whole, the industry still hasn't been properly regulated. The United Kingdom's CBD market is underregulated and over restricted, mirroring the legislative situation in most CBD markets around the world. However, around 6 million people in the UK have used CBD in some form, and the market is poised for explosive growth as even…

WednesdayOct 06, 2021 9:00 am

Simply Sonoma Inc. Exploring Potential for CBD Therapeutics in Pain/Inflammation Market

“CBD may offer an option for treating different types of chronic pain,” reports Harvard article Topical CBD could help lower pain and inflammation due to arthritis, notes one study According to Simply Sonoma, the inflammation market represents a $100-billion opportunity and is one of three areas the company is working in CBD, or cannabidiol, the second most prevalent of the active ingredients of cannabis, is gaining attention as a potential effective therapy for many uses, including inflammation. A recent article from Harvard Health Publishing notes the progress being made in that area (https://cnw.fm/ogSMb), an area that Simply Sonoma is heavily focused on. “CBD stands…

WednesdayOct 06, 2021 9:00 am

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Welcomes Consultancy Prowess as Cannabis Brands Build in Hot Florida Market

Red White & Bloom Brands Inc. is a multi-state operator building steam within the cannabis market, particularly with recent growth developments in Florida and Michigan The company has obtained prequalification status for recreational use marijuana production in Michigan, and built out a production facility in Florida for edibles and other cannabis derivatives Florida is the nation’s third-largest market for cannabis and the largest for medical cannabis Red White & Bloom has named former congressman and current policy strategist Ryan Costello to its board to help drive the company’s plans for expansion Cannabis multi-state operator and brand builder Red White &…

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Month: October 2021