November 2022 - Page 4 of 7 - CannabisNewsWire

MondayNov 14, 2022 4:20 am

420 with CNW — Senior Living Facilities at Crossroads as Marijuana Laws Change

As more states legalize cannabis, residents of senior living communities are using the substance more and more, and this is putting the operators of those facilities in the spotlight regarding how they respond to this reality. At the moment, marijuana is categorized as a schedule 1 substance, the same category as heroin, MDMA, LSD and cocaine. While President Joseph Biden instructed the attorney general and the health and human services department to review this categorization, the law is the law, and marijuana users are still regarded as criminals. Public opinion has changed sharply on this matter, and pressure is mounting…

FridayNov 11, 2022 4:20 pm

420 with CNW — Colorado Rakes in Billions in Marijuana Sales a Decade After Legalization

Cannabis has proven to be one of the most resilient and profitable products on the market in recent years. Despite being barely more than a decade old, America’s state-legal cannabis industry has generated billions of dollars in revenue and created hundreds of thousands of job opportunities. The industry’s rise has been so prolific that cannabis has been dubbed the fastest-growing industry in the United States. However, profits in the state-legal market haven’t been spread equally among participating markets, with some states seeing a lion’s share of the industry’s profits. Colorado, for instance, was among the first states in the cannabis…

FridayNov 11, 2022 9:00 am

Zacks SCR Uses Lexaria Bioscience Corp. (NASDAQ: LEXX) HYPER-H21-4 Study to Support $15 Share Valuation

Lexaria’s HYPER-H21-4 human clinical study was a success, producing favorable results in treating hypertension when comparing the company’s patented DehydraTECH(TM) CBD with a placebo According to a Zacks SCR report, the findings support their $15 share valuation of the company Zacks expects Lexaria to penetrate global markets for hypertension, nicotine delivery and antiviral products The hypertension drug market is expected to grow to over $34 billion through 2030, with North America anticipated to hold 35% of the market share According to the World Health Organization (“WHO”), approximately 1.13 billion people worldwide suffer from hypertension (high blood pressure), with only one…

FridayNov 11, 2022 4:20 am

420 with CNW — Biden Praises Cannabis Pardons While Emphasizing That Relief is Only for Possession Charges

Recently President Joseph Biden gave a speech on his administration’s actions to relieve student debt. At the end of his speech, the president talked about his clemency proclamation on marijuana, noting that he recognized the issue’s popularity, especially among young voters. President Biden stated that he was keeping his promise that no individual should be jailed for possessing cannabis, emphasizing this pardon only applied for possession and adding that these records needed to be expunged. The clemency action, which only impacted resident/legal alien offenders and U.S. citizens who had committed federal marijuana possession offenses, has been criticized by advocates who…

ThursdayNov 10, 2022 4:20 pm

420 with CNW — NIDA Director Says Drug War Resulted in Structurally Racist Systems

National Institute on Drug Abuse (NIDA) director Nora Volkow isn’t one to mince her words, and her recent utterances about the effects of the failed war on drugs are stirring debate about how much longer the federal government can remain inactive on matters of ending cannabis prohibition. During an interview by NIH Medline Plus Magazine, the NIDA director said that the criminalization of individuals who use drugs has had the effect of creating structurally racist systems which have allowed society to treat some sections of the population, especially Blacks, in a way that is worse than the way in which…

ThursdayNov 10, 2022 11:15 am

Specialized Market Lender REZYFi, Inc. Believes They Have Real Opportunity Amid Challenges Faced by Traditional Lenders

While economies worldwide are struggling to control spiking inflation rates, REZYFi, a mortgage lender servicing non-traditional as well as other loans, sees unique financial opportunities Through the use of proprietary automated machine learning and associated technologies, together with preparations to launch a high-margin cannabis division later this year to serve an industry in need of loan origination options, REZYFi is working to grow its operation RZFI is licensed in more than 30 U.S. states and expects to expand its loan origination services to all remaining states in coming months Economic challenges resulting from governmental efforts to tame inflation could in…

ThursdayNov 10, 2022 4:20 am

420 with CNW — California Governor Wants Cannabis Farmers to Be Nationwide Suppliers

In a recent video, Gov. Gavin Newsom of California stated that he’d like to see cannabis legalized federally, so marijuana farmers in the state could legally supply the plant to the rest of the country. Under current federal prohibition, commercial exports of cannabis leaving California’s borders are deemed to be illegally trafficked goods. The video was played at the Oakland International Film Festival, which was held in September 2022. During the festival, activists previewed a documentary on the cannabis reform movement’s local history, which featured the California governor. Gov. Newsom thanked the advocates for helping the state legalize marijuana in…

WednesdayNov 09, 2022 4:20 pm

420 with CNW — Bipartisan Legislators Push Federal Government to Free American Jailed in Russia

Twenty-five members of Congress from both sides of the political aisle have signed a letter requesting President Joe Biden’s administration, and particularly the State Department, to ramp up diplomatic actions aimed at securing the freedom of an American citizen who is currently in a Russian jail for possessing medical cannabis. The bipartisan letter is spearheaded by Democratic Senator Bob Casey from Pennsylvania, Republican Representative Guy Reschenthaler from Pennsylvania and Democratic Representative Conor Lamb, also from Pennsylvania. The American in question, Marc Forgel, had a 14-year custodial sentence slapped on him after he pled guilty to possessing a small amount of…

WednesdayNov 09, 2022 9:00 am

Flora Growth Corp. (NASDAQ: FLGC) Defines Path to Profitability and Portfolio Expansion with Proposed Franchise Global Health Inc. Acquisition

Flora Growth signed a definitive agreement with FGH to acquire 100% of all issued and outstanding shares by way of a statutory plan of agreement The deal is expected to close in December following the presentation of the agreement to shareholders; the acquisition will open Flora to the German and EU medical markets, increasing the company’s international revenue and providing essential distribution to German pharmacies and a growing wholesale market FGH’s acquisition adds to Flora’s expanding list of subsidiaries which currently comprise Vessel Brand Inc. and JustCBD, among others, and it is expected to deliver at least $3 million in…

WednesdayNov 09, 2022 4:20 am

420 with CNW — Another Study Indicates Cannabis Legalization Reduces Risks of Exposure to Tainted Vapes

In 2019, there was an outbreak of lung injuries and some fatalities linked to the consumption of contaminated vape products, many of which had vitamin E acetate added to them. A new study, conducted by a joint team of Johns Hopkins University, the American Heart Association and New York University, has found that those EVALI cases were more prevalent in states that had prohibitionist laws as compared to states with legal marijuana markets. The researchers analyzed data sourced from the Centers for Disease Control and Prevention as well as data from Behavioral Risk Factor Surveillance System (BRFS). Both data sets…

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Month: November 2022