November 2022 - Page 6 of 7 - CannabisNewsWire

ThursdayNov 03, 2022 4:20 pm

420 with CNW — New Jersey Legislators Approve Bill Offering Cannabis Businesses Limited 280E Tax Workaround

The State Assembly in New Jersey has approved a proposed bill that seeks to give cannabis businesses in the state leeway to deduct some of their expenses as they file their state tax returns. This is a partial solution to the heavy tax burden that these companies struggle with because of the 280E federal tax policy section, which bars entities dealing in prohibited substances from claiming any federal tax deductions. The bill, introduced by Assemblymember Annette Quijano, received 60 to 6 vote, showing overwhelming support, and now heads to the state senate for further consideration and a vote before it…

ThursdayNov 03, 2022 10:30 am

Tampa Alternative Products Expo Brings Together The Local Community For Three Days of Festivity And Business Networking

After various successful shows across North and South America, Alternative Products Expo is coming to Tampa, Florida, this November 10-10, at Tampa's Convention Center. The event has something for everyone. It features over 250 industry vendors, 20+ speakers from across the industry, and many contests and giveaways. Starting some years ago with a series of successful Vape events, the Alt Pro Expo team ventured into organizing events for the alternative products sector. These products have significantly disrupted traditional markets, offering people different choices regarding entertainment and health. Among these categories, attendees can find options like kratom, dietary supplements, hemp derivatives,…

ThursdayNov 03, 2022 9:00 am

Cannabis Regulation in the Spotlight During Midterm Elections at the Heels of Presidential Pardon; Flora Growth Corp. (NASDAQ: FLGC) Leveraging Colombian Stance to Manufacture Products at Lower Costs

President Biden issued a pardon for federally incarcerated inmates with minor marijuana possession charges, urging governors to do the same at the state level The President also requested a reclassification of cannabis, as it is currently listed above other drugs which are key factors in the overdose epidemic Flora Growth, through its Colombian cultivation, is producing a higher quality product at lower-than-average cost margins due to the country's stance on cannabis regulations With midterm elections right around the corner, voters in five states – Arkansas, Maryland, Missouri, North Dakota, and South Dakota - will determine the legality of recreational marijuana…

ThursdayNov 03, 2022 4:20 am

420 with CNW — AOC Calls Out Biden for Excluding Undocumented Immigrants from Cannabis Pardons

Last week, Rep. Alexandria Ocasio-Cortez stated that President Joseph Biden’s cannabis pardon proclamation was limited because it exempted noncitizens, who made up most of the federal possession cases. During the interview with Pod Save America, the congresswoman emphasized the importance of having a Democratic party that stood up for the immigrant population through the enactment of policies that were more inclusive. She argued that while the presidential pardon should be applauded, it wasn’t inclusive because the proclamation exempted convicted individuals who were undocumented. This is despite the fact that about 90% of individuals who would have benefited from the pardon…

WednesdayNov 02, 2022 4:20 pm

420 with CNW — German Government Approves Cannabis Legalization Framework, But EU Sign-Off Critical

The federal cabinet in Germany has approved a framework through which marijuana could be legalized in the country. However, escalating the proposal to a legalization law is subject to approval by the European Commission as well as international law. In recent weeks, a number of details have been surfacing on local and international media indicating some of the provisions included in the legalization framework. The plan was finally tabled before the full cabinet last Wednesday and its contents became readily available to the wider public. The cabinet approved the plan, and that brings it a little closer to making its…

WednesdayNov 02, 2022 9:45 am

India Globalization Capital Inc. (NYSE American: IGC) Is ‘One to Watch’

IGC’s leading drug candidate, IGC-AD1, has completed Phase 1 of a safety and tolerability trial and entered Phase 2 trials for treating agitation in patients with Alzheimer’s dementia As of September 2022, the IGC trial is the only ongoing Phase 2 trial of a natural THC based formulation on Alzheimer’s patients The company’s other drug candidate, TGR-63, is an enzyme inhibitor that has shown in preclinical trials the potential to reduce neurotoxicity in Alzheimer’s cell lines Alzheimer’s disease impacts over 55 million people worldwide and about 5.5 million individuals in the U.S. India Globalization Capital (NYSE American: IGC), through subsidiary…

WednesdayNov 02, 2022 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Maintains Late 2022/Early 2023 for Full IND Application for DehydraTECH-CBD

Lexaria, through its patented DehydraTECH(TM) technology, is improving the bioavailability of pharmaceuticals and therapeutics (in part) by bypassing first-pass-liver processing, thereby achieving an improved speed of onset, and brain absorption of APIs Hypertension currently affects nearly 50% of all American adults, with the American Heart Association describing it as a “silent killer”, and is now being studied for its effects during pregnancy The company has received positive feedback for its pre-Investigational New Drug meeting from the FDA and has reported that it remains on track to file its full IND application by late 2022/early 2023 It looks to capitalize on…

WednesdayNov 02, 2022 4:20 am

420 with CNW — New Poll Shows Most Americans Think Tobacco, Alcohol More Harmful Than Cannabis

As the perception of marijuana continues to evolve, a growing number of Americans now hold the view that this prohibited substance isn’t as harmful as tobacco and alcohol, both of which are legal across the country. This sentiment was captured in a survey conducted by Monmouth University. The survey results were published last week. The nationally representative poll found that 54% of those interviewed were convinced that alcohol was more dangerous compared to cannabis while 38% thought the two substances carried equal levels of danger. Only 7% thought marijuana was more dangerous than alcohol. When it came to tobacco, 45%…

TuesdayNov 01, 2022 4:20 pm

420 with CNW — Biden Boasts That Marijuana Pardons Have Changed Lives of Thousands

Earlier this month, President Joseph Biden issued a mass pardon for individuals who had been convicted of simple possession of cannabis at the federal level. A full presidential pardon usually restores an individual’s state and federal civil rights and eliminates any consequences brought on by a federal conviction. President Biden also gave a directive that the scheduling of cannabis be reviewed by the Department of Health and Human Services and the Department of Justice. The resulting recommendation may see marijuana placed in a lower schedule or descheduled altogether, which will legalize it under federal law. The U.S. Health and Human…

TuesdayNov 01, 2022 12:00 pm

Tampa Alternative Products Expo To Offer A Festive Vibe Amongst Business Networking

Exhibitors, speakers, businesses, CBD and alternative products vendors, and researchers, are all invited to attend the Tampa Alternative Products Expo 2022 at the Tampa Convention Center. With over 10,000 attendees, 300+ vendors, and 20+ speakers per event, the Expo will exude a festival-like vibe for Tampa's CBD, cannabis, and vape communities. The event is organized by ZJ Events, with a reputation for managing the nation's largest CBD & Hemp Summits. The Alt Pro Expo team has expanded into the alternative products sector, which is currently disrupting traditional markets. This product category includes kratom, nootropics, vapes & nicotine replacements, energy beverages,…

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Month: November 2022