July 2023 - Page 4 of 5 - CannabisNewsWire

ThursdayJul 13, 2023 4:20 pm

420 with CNW — Key Senators Plan on Cannabis Banking Vote This Month

Cannabis banking has been one of the most contentious issues since states began legalizing medical and recreational cannabis. Although more than 30 states now allow the purchase and use of either recreational or medical cannabis, federal law still classifies cannabis as a Schedule I controlled substance. As a result, players in the cannabis market typically cannot access financial services that are accessible to every other industry This includes access to banking institutions and federal aid, forcing businesses to operate on a cash-only basis and making it difficult for them to access capital. Lawmakers introduced a bill called the Secure and…

ThursdayJul 13, 2023 10:30 am

4th Annual Cannabis Drinks Expo, San Francisco

Cannabis enthusiasts, investors, business executives, researchers, and industry leaders are invited to attend the 4th Annual Cannabis Drinks Expo to be held in San Francisco, CA on July 27, 2023. As the cannabis industry gains progress and modernization, the premier Expo is set to showcase innovative products with a specific focus on cannabis-infused beverages. The Cannabis Drinks Expo is a highly anticipated event for industry leaders and professionals looking to explore vibrant cannabis-infused drinks. It serves as an incredible platform to bring together beverage distributors, manufacturers, professionals, and retailers, from different parts of the world. The professionals from the hospitality…

ThursdayJul 13, 2023 4:20 am

420 with CNW — Missouri Conducts Outreach Events as Cannabis Microbusiness Lottery Looms

The cannabis industry in Missouri is likened to the modern-day "gold rush," according to Tiffany and Anwar Lee, a couple from St. Louis. Intrigued by the potential, they contemplate participating in a lottery system by paying a $1,500 application fee for a chance to obtain a coveted cannabis microbusiness license. The new initiative, designed to foster opportunities for businesses in marginalized communities, stems from the constitutional amendment that legalized recreational marijuana following last year's voter approval. Discussing their prospects at an outreach event in St. Louis, Anwar acknowledges the financial potential the industry holds, providing a means to achieve a…

WednesdayJul 12, 2023 5:29 pm

Cannabis Drinks Expo Continues to Grow

After successful events at San Francisco and Chicago last year, Cannabis Drinks Expo is all set for Cannabis Drinks Expo 2023! Both San Francisco and Chicago saw a huge networking opportunity for anyone curious about the future direction of the cannabis drinks industry in the United States. What took place on July 28, 2022 in San Francisco and on August 2, 2022 in Chicago were two of the biggest global gathering of cannabis drinks professionals around the world, and brought together MSO’s, dispensaries, cannabis growers, packaging companies, co-packers, flavour suppliers, cannabis drinks brands, service providers of the United States together.…

WednesdayJul 12, 2023 4:20 pm

420 with CNW — Maryland Legislators Recognized ‘Marijuana’ as Racist Term While Formulating Cannabis Law

In 1924, the people of Baltimore awoke to a startling illustration in their leading newspaper. It depicted a devil emerging amid the fumes of cannabis being cooked in a pot over coals. The smoke drove those with the habit of secluding themselves into a frenzy. The headline of that August edition of the Baltimore Sun read, “The Mystery of the Peculiar Mexican Herb,” as several news outlets at the time used similar imagery and language. The article continued, attributing all kinds of negative tendencies to indulgence in the dreaded "marihuana weed" from Mexico. This sentiment was part of a wider…

WednesdayJul 12, 2023 4:17 pm

Taste at Lift: Cannabis Food & Beverage Experience Debuts at Lift San Francisco

Ground-breaking new cannabis food and beverage experience features exclusive demos, in-depth presentations and expert panels led by renowned chefs and other top innovators in food, beverage and hospitality San Francisco (July 12, 2023)–Lift Events and Experiences’ inaugural U.S. event, Lift San Francisco, August 3 - August 4, 2023 at the Moscone Convention Center, will feature several new elements including the inaugural Taste at Lift: Cannabis Food & Beverage Experience. This is a unique opportunity to partake in exclusive demos, in-depth presentations and expert panels led by the top innovators in the cannabis food, beverage and hospitality industries. Taste at Lift…

WednesdayJul 12, 2023 4:20 am

420 with CNW — Oklahoma Cannabis Companies Sue Regulators over Proposed Fees

Although most cannabis reform activists and industry stakeholders are delighted with nationwide efforts to legalize cannabis and promote social equity, they aren’t happy with the fees and taxes cannabis businesses are forced to pay. Cannabis operators in most states with legal markets have long complained of excessively high fees and taxes they are required to pay under their respective regulatory policies. Even though cannabis is still illegal at the federal level, taxes across the country are so high that they exceed taxes for alcohol by a wide margin in many states. These fees significantly limit participation in the market, increase…

TuesdayJul 11, 2023 4:20 pm

420 with CNW — Home-Grow Cannabis Law Takes Effect in Connecticut

Starting this week, adults aged 21 years and older in Connecticut have been granted the legal right to grow their own cannabis for personal use, as per the latest provision of the state's marijuana legalization law. As a reminder of this policy change, the DCP released a notice that emphasized the value of responsible cultivation and provided a thorough rundown of the requirements that must be adhered to. Some of the key points that adults should be aware of regarding cannabis home cultivation include: Individuals aged 21 and older can grow a maximum of six marijuana plants, with only three…

TuesdayJul 11, 2023 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) – A Zacks Update

Lexaria just released its mid-year update, highlighting its key milestones so far and its objectives going forward, summarized in a recent Zacks update Of note was the company’s most ambitious clinical study yet, HYPER-H21-4, along with its growing patent portfolio that now sees six additional patents awarded across Australia, Japan, the U.S., and Canada so far in 2023 The company also noted its $2 million capital raise back in May, a strong indicator of shareholders’ confidence in the brand, and its efforts to grow its operations Lexaria looks to build on the momentum gathered so far, and its management is…

TuesdayJul 11, 2023 4:20 am

420 with CNW — Maryland Starts Implementing Adult-Use Cannabis Law

Two months after Maryland approved legislation to create a regulatory framework for recreational cannabis sales, the state has officially launched its adult-use market. State lawmakers approved Senate Bill 516 in April following months of negotiation on key issues such as social equity and taxation before forwarding it to the governor’s desk. Governor Wes Moore signed the measure into law in May and set the stage for recreational sales in Maryland, stating at the time that the bill would make sure Maryland’s recreational cannabis market would provide equitable opportunity. The recreational cannabis bill finally took effect last week and made simple…