December 2022 - Page 4 of 6 - CannabisNewsWire

WednesdayDec 14, 2022 4:20 am

420 with CNW — DOJ Requests Additional Time in Cannabis Consumption Sites Case

The U.S. Justice Department is seeking for more time from a federal court to answer a lawsuit over the legality of drug-use sites where individuals use illegal substances in a clinically approved environment. The institution at the center of this case, the Overdose Prevention Center, had initially allowed a request for prior delays in the case, but they did not agree to the latest scenario. They filed for an opposition motion instead. This case has seen sustained delays in the past three years. The case was raised when the Department of Justice (under the Trump administration) denied a Philadelphia not-for-profit…

TuesdayDec 13, 2022 4:20 pm

420 with CNW — Virginia Task Force Calls for Stricter Rules on Unregulated THC Products

Earlier this year, the General Assembly of Virginia established a task force to study the increase in unregulated delta-8 THC products in the state; the assembly has recommended tougher rules for businesses that sell these products. Delta-8 THC is a psychoactive substance found in marijuana. Similar to delta-9 THC, which is found abundantly in marijuana, the compound produces a high when consumed, either through smoking or consuming an edible. The state of Virginia legalized the recreational use of cannabis for individuals aged 21 and above in July 2021. Under the enacted law, individuals can legally possess up to an ounce…

TuesdayDec 13, 2022 10:30 am

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) 2022 Calendar Year in Review

Lexaria Bioscience is a global innovator in drug delivery platforms whose patented DehydraTECH(TM) technology has demonstrated the ability to improve the bioavailability and increase the speed of onset of many drugs In calendar 2022, the company achieved a number of milestones in various areas, including research programs, receipt of patents, and licensing agreements Lexaria started and completed its fourth and most comprehensive hypertension study yet, investigating the capabilities of DehydraTECH-CBD, with the study showing that its formulation resulted in a sustained reduction in blood pressure over the study period (five weeks) The company has also started investigating DehydraTECH-CBD as a…

TuesdayDec 13, 2022 4:20 am

420 with CNW — Federal Health Secretary Provides Update on Cannabis Scheduling Review

Secretary Xavier Becerra of the U.S. Department of Health and Human Services recently revealed during an event on overdose prevention that the agency was focused on completing a review on federal marijuana scheduling, as was recently directed by President Joseph Biden. President Biden ordered that a scheduling review be carried out by the department following his issuance of marijuana pardons, which saw thousands of individuals convicted of simple marijuana possession under federal law being released. The health secretary has thus far raised the issue with the head of the FDA, Dr. Robert M. Califf. The department head added that the…

MondayDec 12, 2022 4:20 pm

420 with CNW — The Unique Benefits of Marijuana to the Bipolar Community

Cannabis has proved to have an effect in improving cognitive functions all the while helping to reduce risky decision-making, new research has found. Currently, more than 40 million people suffer from bipolar disorders globally. Bipolar disorder, or manic depression, has catastrophic effects on one’s daily endeavors including relationships and work processes. In this data, a good number of people suffer mild or extreme aspects of bipolar disorder but are unaware of the diagnosis. Bipolar disorder is categorized in two main sets: bipolar I, where one exhibits manic episodes lasting a week or so, such an individual may need hospitalization; and…

MondayDec 12, 2022 12:00 pm

REZYFi, Inc. to Benefit as Marijuana Sales Projected to Hit $53 Billion by 2026

Marijuana sales are projected to hit $33 billion in 2022, up from $3 billion in 2015, and are on track to hit $53 billion by 2026 REZYFi, a growth mortgage origination and specialized financing company, with target markets including the legalized cannabis industry, is set to be one of the key beneficiaries in this anticipated growth With the ongoing conversation around marijuana, along with the bipartisan support for its legalization, the company is optimistic that the demand for its products and services will see a spike as time progresses REZYFi still believes that financing options for cannabis-related firms will continue…

MondayDec 12, 2022 4:20 am

420 with CNW — Colorado Regulators Allow Medical Cannabis to Be Recategorized as Recreational Marijuana

Last week, the Marijuana Enforcement Division in the state of Colorado announced that cannabis grown under a medical cultivation permit could be recategorized as retail products and sold in adult-use shops. The division, which is tasked with the licensing and regulation of medical and retail cannabis industries in the state, also announced new safety protections for employees involved in the manufacture of marijuana. Workers who take part in a range of manufacturing tasks will now be required to wear goggles and masks as well as respirators. Other announcements included the news that the eligibility period for would-be social equity licensees…

FridayDec 09, 2022 4:20 pm

420 with CNW — NJ Regulators OK Cannabis Consumption Lounge Rules

Marijuana industry regulators in the state of New Jersey have approved regulations for “public marijuana consumption areas,” taking the state a step closer to permitting social consumption for patients and adults. Shops selling marijuana opened their doors this April, but advocates are insisting on the necessity of establishing regulations that would accord users more spaces for lawful cannabis consumption. Recently, New Jersey's Cannabis Regulatory Commission (CCR) moved close to achieving this when they approved requirements to oversee the consumption venues as well as fees that businesses which operate those sites have to pay. Currently Cannabis is accessible to everyone 21…

FridayDec 09, 2022 4:20 am

420 with CNW — Michigan Resident Files Lawsuit Against California’s Marijuana Social Equity Law

Kenneth Gay, a Michigan resident, has filed a lawsuit challenging the constitutionality the cannabis social equity program in Los Angeles. Gay has a stake in an LA-based company and had applied for a license under the social equity program. According to the suit, Gay has submitted his social equity application, but as of October 24, 2022, the City of Los Angeles hadn’t completed verifying his eligibility and yet a lottery to select licensees is slated for Dec. 8, 2022. He filed his lawsuit on Nov. 30, 2022. Under LA law, to be eligible for the social equity program permit, one…

ThursdayDec 08, 2022 4:20 pm

420 with CNW — New Study Finds Medical Cannabis Legalization Reduces Use of Opioids by Cancer Patients

New research has found that the legalization of medical cannabis has been linked to a reduction in the use and prescription of opioids for patients with cancer. The research involved a cross-section analysis of data on insurance claims from more than 38,000 individuals who had recently been diagnosed with cancer. The analysis included 34 states and was carried out by researchers at the University of Texas, Harvard University, Albert Einstein College of Medicine and Weill Medical College of Cornell University. The researchers’ objective was to examine how the existence of more cannabis dispensaries influenced opioid prescription. Researchers discovered that medical…