November 2021 - Page 5 of 7 - CannabisNewsWire

FridayNov 12, 2021 4:20 am

420 with CNW — Republican-Sponsored Bill Could Be Ideal Federal Cannabis Policy Reform Law

Democrats have generally been at the helm of cannabis reform, especially at the federal level. The most prominent cannabis bills, ones that would federally decriminalize cannabis and allow for federal cannabis taxes as well as give businesses in the cannabis space access to financial services have been helmed by Democrats. However, stakeholders have said that getting Republicans to pass comprehensive cannabis reform will be almost impossible, especially if it was prepared by the left. A new Republican-led marijuana bill may be the answer to this dilemma. Led by Rep. Nancy Mae, the legislation titled the States Reform Act may be…

ThursdayNov 11, 2021 4:20 pm

420 with CNW — House Committee Approves Cannabis Research Measure for Veterans

Last week, the House Veterans’ Affairs Committee passed a measure that would mandate the Department of Veterans Affairs to carry out clinical trials on the therapeutic potential of cannabis for military veterans. The House committee approved the bill in an 18 to 11 vote. The bill, dubbed the VA Medicinal Cannabis Research Act, would require the department to conduct studies on the use of medical cannabis in the treatment of chronic pain and post-traumatic stress disorder. Earlier versions of this measure had been introduced and cleared by the committee in 2018 and 2020. However, none was enacted into law. In…

ThursdayNov 11, 2021 4:20 am

420 with CNW — New Study Finds That Cannabis Legalization Decreases Racially Biased Arrests

New research has found that states which maintain cannabis prohibition continue seeing increases in disparities in rates of arrest while those that decriminalize or legalize cannabis experience significant reductions in race-based arrests. The research was published by the American Medical Association in its JAMA journal. The report examined data collected from 43 states in the country in order to establish a clear pattern. The researchers from Saint Louis University and Eastern Virginia Medical School analyzed arrests between 2008 and 2019, with a focus on trends associated with race. They discovered that over that period of time, states which legalized marijuana…

WednesdayNov 10, 2021 4:20 pm

420 with CNW — The EU Legalizes CBD as Cosmetics Ingredient

Despite the CBD industry’s runaway success in the past couple of years, the sector’s position in several territories is tenuous at best. A relatively new product, cannabidiol (“CBD”) has attracted a ton of consumer attention thanks to claims of its medical efficacy. However, experts say that the hype has outpaced science because there is limited research into the possible benefits and risks of CBD. Furthermore, the European Cosmetic Regulation 1224/2009 prohibits the use of cannabis and its extracts in cosmetics. European authorities have been quite strict against firms in the CBD space as a result, passing policies such as the…

WednesdayNov 10, 2021 12:15 pm

InMed Pharmaceuticals Inc. (NASDAQ: INM) Files International Patent Application for Treating Neurodegenerative Diseases Using a New Rare Cannabinoid

InMed Pharmaceuticals has filed an international patent application that specifies a rare cannabinoid that may inhibit or slow the progression of neurodegenerative disease and potentially enhance the neuronal function With neurogenerative diseases affecting millions worldwide and the cost of treating patients expected to rise in the future, finding treatments and cures is a matter of increasing urgency InMed’s patent application is a promising start, expanding the company’s patent portfolio, which currently includes twelve patent families InMed Pharmaceuticals (NASDAQ: INM), a global leader in the manufacturing and pharmaceutical development of rare cannabinoids, recently filed a Patent Cooperation Treaty (“PCT”) application, titled…

WednesdayNov 10, 2021 11:24 am

Sugarmade Inc. (SGMD) Looks to Leverage Expertise as It Eyes Projected Double-Digit CAGR Growth

Global cannabis market estimated to reach $19.89 billion in 2021, projected to grow at a CAGR of 27% North America projected to record the highest market share during the forecast period SGMD is expanding role as a central player in growing California cannabis delivery marketplace, developing in-house cannabis production capacity As growing numbers of consumers around the world become more aware of the potential benefits of cannabis, the market is projected to see significant growth. A new report notes that the global cannabis market is estimated to grow at a CAGR of 27.0% from 2021 to 2030 (https://cnw.fm/KHrYH). That anticipated…

WednesdayNov 10, 2021 4:20 am

420 with CNW — New Cannabis Users Show Soft Spot for Beverages, Edibles

America’s cannabis industry has achieved a great deal despite its young age. Initially, smoking cannabis flower was the most common consumption method, but as the industry matured, cannabis companies started developing alternative marijuana products. Customers can now buy a wide variety of cannabis-infused edibles and concentrates, which were a lot safer than flower because they do not involve smoking. However, if the cannabis market has proved one thing, it’s that it is constantly in flux, with customer preferences evolving and companied coming up with new products to meet demand. These days, edibles and beverages are winning over more new users…

TuesdayNov 09, 2021 4:20 pm

420 with CNW — Cannabis Retailers Find New Ways to Gain More Consumers

The legal cannabis industry has grown competitive as time has gone by and more companies have ventured into the lucrative space. This has led companies to go the extra mile to get more consumers, by incorporating more features into their retail operations that allow them to stand out. Figures show that last year, the average retail size space in marijuana stores grew amid increasing consumer demand, with sizes increasing 35% and 50% for recreational shops and medical dispensaries respectively. David Fettner, a managing partner at Grow America Builders, reveals that in states where the recreational market is more mature and…

TuesdayNov 09, 2021 4:20 am

420 with CNW — Yet Another Study Says Government-Sourced Marijuana Akin to Hemp

Cannabis research has been hampered by federal law for decades. Only one institution, the University of Mississippi, has been allowed by the Drug Enforcement Administration (DEA) to cultivate cannabis for research purposes, and researchers have long said that the plant material provided by the university is subpar and does not measure up to the cannabis sold in dispensaries across the country. With some studies finding that this cannabis is often contaminated by mold in many cases, industry stakeholders have argued that the DEA needs to approve more cultivators. Now a new study has revealed what most cannabis researchers already suspected:…

MondayNov 08, 2021 4:20 pm

420 with CNW — Study Finds That Army Recruits with History of Cannabis Use Perform Like Other Soldiers

A new analysis funded by the government has found that past marijuana use has little to no effect on overall performance of army recruits. The analysis found that recruits who had a history of cannabis use were just as likely as their peers to advance in rank. They were also more likely to leave the army due to drug issues but less likely to leave as a result of performance or health issues. The analysis also found no evidence that the legalization trend spreading across the United States had affected recruit outcomes. The report, which was compiled by the RAND…