Archives: CannabisNewsWire

June 16, 2023 15:25:00

Rhode Island’s judicial system has successfully expunged more than 23,000 records related to marijuana possession, marking the completion of the initial phase of marijuana relief as mandated by the state’s legalization law and the Supreme Court’s executive order. According to a recent press release issued by the judiciary, the Superior Court expunged 3,015 cases, while the Rhode Island Traffic Tribunal and the District Court expunged 9,952 and 10,650 cases, respectively.

This automated relief effort was a collaborative endeavor between law enforcement and the courts following the state’s implementation of…

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CannabisNewsBreaks – Lift Events Partners with Arcview Group for Upcoming US Cannabis, Investment Event

June 16, 2023 12:53:15

Lift Events announced a new partnership with the Arcview Group as it anticipates its upcoming Lift San Francisco event, slated for Aug. 3–4, 2023. The company announced that the Lift Cannabis Business Conference, slated for Aug. 3, will be a combined event with a new Investment Summit presented in partnership with the Arcview Group, a recognized pioneer in cannabis and hemp industry investment content. According to the announcement, the “game-changing” partnership will prioritize social justice and responsibility, with the Arcview Group providing a broad spectrum of programs and services across a vertically integrated organization. In addition, the Lift San Francisco event will include the two-day Lift Expo. The announcement noted that the Arcview Investment Summit will take place alongside the Lift Cannabis Business Conference. The new partnership combines two synergistic education opportunities and will include enhanced investment-centered content for audiences across the cannabis and hemp industries. “Lift is honored to welcome our new partners, the Arcview Group,” said Lift Events portfolio lead Lindsay Roberts in the press release. “Through extensive research and the expert counsel of our North American Advisory Board, we know that investment content is a ‘must’ for serving Lift’s California and U.S.-wide audience. There is no better source for this crucial, timely information than the Arcview Group.”

To view the full press release, visit https://cnw.fm/qukex

About Lift Events

Lift Events launched in 2015 and is the original large-scale cannabis trade show in Canada. It is now serving the cannabis industry and community across North America as both a meeting place and a destination for discovery. Each Lift event showcases leading-edge content and premiere exhibitors in a high-energy setting for thousands of retailers, producers, growers, investors and decision-makers. For more information about the company, visit www.LiftExpo.ca.

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CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Reports on Promising Results from Diabetes Animal Study

June 16, 2023 10:53:41

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug-delivery platforms, is releasing additional findings from its DIAB-A22-1 study, a diabetes animal study designed to evaluate the company’s proprietary DehydraTECH-CBD. DehydraTECH is a patented drug-delivery formulation and processing platform technology developed by Lexaria. The company noted that in addition to the three positive outcomes reported earlier — weight loss in obese diabetic-conditioned animals and improved triglyceride and cholesterol levels — the study has indicated a reduction in blood glucose levels and improvements in kidney function. These results were gathered after the company undertook a further round of analysis to explore additional study outcomes; the additional analysis included using an alternate blood glucose assay detection system with higher detection sensitivity. The company also reported updates on two of its applied R&D programs:DEM-A22-1 and EPIL-A21-1. Lexaria’s DEM-A22-1 is a study designed to investigate whether DehydraTECH-CBD enables any procognitive performance enhancements with potential use in dementia treatment.

The company noted that the findings from this study were “generally unremarkable and several unexpected study complications may have muted efficacy distinction ability.” The EPIL-A21-1 was designed to evaluate the effectiveness of LEXX’s DehydraTECH-CBD compared to one of the world’s leading anti-seizure medications, Epidiolex(R), in reducing seizure activity. Initial findings from the study seemed to demonstrate that DehydraTECH-CBD had effectiveness at lower doses and with greater rapidity than Epidiolex. In the past few months, Lexaria has also completed a final study under its EPIL-A21-1 program that looked at establishing dosage amounts. “This ED50 study was designed with an objective to hopefully corroborate Lexaria’s prior MES experimental findings,” the company states in the press release. “Lexaria is pleased to confirm that the outcome demonstrated that DehydraTECH-CBD was most effective at a dose of 75 mg/Kg, also as previously reported from the initial round of work in this animal model, which compared favorably to Epidiolex that generally required a higher dose of 100 mg/Kg to achieve comparable findings.”

To view the full press release, visit https://cnw.fm/aUBBj

About Lexaria Bioscience Corp.

Lexaria Bioscience’s patented drug-delivery technology, DehydraTECH(TM), improves the way active pharmaceutical ingredients (“APIs”) enter the bloodstream through oral delivery. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bioabsorption with cannabinoids, antiviral drugs, PDE5 inhibitors and more. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 30 patents granted and many patents pending worldwide. For more information about the company, please visit www.LexariaBioscience.com.

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420 with CNW — Possible Legalization Reversal Has Thai Cannabis Advocates Worried

June 16, 2023 03:25:00

Thai Ganja TV has been a platform where marijuana enthusiasts have closely followed the remarkable transformation of the drug from being a banned substance to a legalized medicinal plant and eventually a recreational indulgence. However, a year after the decriminalization of cannabis in Thailand, the platform’s approximately 90,000 followers are now witnessing with bemusement the threats from rival politicians who seek to once again outlaw or strictly regulate open consumption and dispensaries.

At the forefront of this debate is the soon-to-be prime minister, Pita Limjaroenrat, whose party MFP surprisingly emerged as the winner in…

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420 with CNW — Supreme Court Gives Florida AG Extra Fortnight to File Cannabis Challenge

June 15, 2023

June 15, 2023 15:25:00

The Florida attorney general has received two extra weeks to come up with a brief challenging the addition of a proposed cannabis legalization measure to the 2024 ballot. State Attorney General Ashley Moody’s office originally had until June 5, 2022, to provide the briefs, but it filed a motion to push the deadline. The office stated that it had limited staff and was currently dealing with multiple deadlines that made it unable to meet last Monday’s deadline for the cannabis ballot initiative challenge.

The court motion met no challenges from the cannabis ballot campaign’s lawyers, and the state Supreme Court granted the…

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420 with CNW — D.C. Woman Wins Case Against Neighbor’s Marijuana Smoke

June 15, 2023

June 15, 2023 03:25:00

A judge in Washington, D.C., has issued a ruling requiring a man to cease smoking medical marijuana in his apartment because of complaints from a neighbor about the intrusive odor. Judge Ebony Scott determined that Josefa Ippolito-Shepherd had not proven her entitlement to damages but successfully argued that the smell constituted a private nuisance.

Consequently, Scott ordered Thomas Cackett, who is licensed to purchase marijuana but lacks the authorization to disrupt others’ enjoyment of their…

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420 with CNW — Bruen Ruling Could Bring Good Tidings to Marijuana Movement

June 14, 2023

June 14, 2023 15:25:00

A 2022 ruling by the Supreme Court has radically changed a century-old U.S. gun law and significantly altered how courts assess gun laws. Judges in the New York Rifle and Pistol Association v. Bruen overturned a 100-year-old gun safety law and ruled that a New York law requiring licenses to conceal carry weapons in public was unconstitutional.

The overturned New York gun law was strikingly similar to gun safety laws in seven other states, and the June 2022 ruling set a…

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420 with CNW — Louisiana Senate Signs Off on Cannabis Expungements Bill, Sends to Governor’s Desk

June 14, 2023

June 14, 2023 03:25:00

The Louisiana Senate has approved a measure to expunge certain cannabis-related offenses from people’s records and sent the bill to the governor. The new bill will provide a streamlined pipeline that allows people with first-time convictions for cannabis possession to expunge their records.

Most pundits agree that the war on drugs was a failure that led to the incarceration of millions of Americans for…

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420 with CNW — Maryland Starts Receiving Applications for Cannabis Business Grants

June 13, 2023

June 13, 2023 15:25:00

Maryland authorities are currently open to receiving grant applications aimed at assisting established medical marijuana enterprises in transitioning into dual license holders, enabling the businesses to cater to the recreational market once legalization comes into effect in the upcoming month. In addition, the state’s Department of Commerce (DOC) has announced that beginning on Aug. 1, 2023, it will start accepting applications for loans and grants intended to enhance market engagement from holders of social equity licenses by providing initial capital and covering operational costs.

The fund, established by a recent marijuana legislation bill signed by Governor Wes Moore in May, will also provide grants to…

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420 with CNW — Researchers Explore Combining Psilocybin, Cannabinoids in New Therapeutic Formulations

June 13, 2023

June 13, 2023 03:25:00

The convergence of cannabinoids and psilocybin in a unified formulation to address physical and psychological well-being has moved closer to realization as highlighted in a patent filed by a prominent cannabinoid laboratory called CaaMTech. Situated in Issaquah, Washington, just under 20 miles southeast of Seattle, CaaMTech is conducting an analysis of the mutual interactions between these two compounds and the specific outcomes they can yield in terms of physical and mental health.

Presently, the company’s refined psilocybin-cannabinoid formulation is still in the early stages of development. This patent progress comes at a…

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420 with CNW — Twitter Ad Policies Pose Challenges for Cannabis Advertisers

June 12, 2023

June 12, 2023 15:25:00

Businesses in the cannabis sector have had to deal with extremely restrictive marketing and advertising regulations since the industry’s inception. Since cannabis is still considered a Schedule I controlled drug at the federal level, most advertisers simply cannot advertise cannabis products without running afoul of federal law.

Furthermore, states with legal cannabis products often place severe restrictions on advertising to prevent exposing cannabis to children and youth. Consequently, cannabis businesses have been forced to…

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420 with CNW — Federal Study Concludes Breathalyzers Are Unreliable as Recent Cannabis-Use Tests

June 12, 2023

June 12, 2023 03:25:00

A recent study funded by the federal government highlights the challenges associated with developing a cannabis breathalyzer. The research, conducted by National Institute of Standards and Technology (NIST) and Colorado Boulder University, demonstrates that determining recent marijuana use based on THC levels in breath is highly unreliable due to inconsistencies.

The study, published in the “Breath Research” Journal, involved 18 participants from Colorado who consumed retail marijuana with…

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420 with CNW — NJ Regulators to Only Grant Social Equity Applicants Cannabis Licenses

June 9, 2023

June 9, 2023 15:25:00

Social equity has been a major part of America’s state-level cannabis reform over the past decade. People of color were significantly more likely to be arrested for cannabis-related offenses and receive harsh sentences compared to White people throughout the entirety of the drug war despite similar use rates.

As a result, entire Black and Brown communities were…

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420 with CNW — ATF Reaffirms Ban on Gun Ownership for Marijuana Users

June 9, 2023

June 9, 2023 03:25:00

The federal regulatory agency overseeing the firearms industry, the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), has issued a cautionary notice emphasizing that residents of Minnesota who partake in marijuana consumption cannot legally possess firearms, despite the state’s recent legalization of recreational use.

While marijuana has been legalized for adults in 23 states and many others have implemented medical cannabis programs, the…

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420 with CNW — Proposed California Law Could Legalize Marijuana Cafes

June 8, 2023

June 8, 2023 15:25:00

The wave of cannabis reform that has swept across America over the past two decades doesn’t seem to be stopping any time soon. By April 2023, nearly 40 states had medical marijuana markets while close to two dozen states allowed recreational cannabis sales.

California legalized recreational cannabis in November 2016 and was…

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420 with CNW — California Cannabis Company Leverages Business Model from Boutique Wineries

June 8, 2023

June 8, 2023 03:25:00

As competition within the legal marijuana industry gets tougher and other factors, such as adverse weather and high taxes, eat into profits, companies are having to go the extra mile in order to drive sales up and stay afloat. One California company is taking lessons from the boutique wine business to grow its business.

The Bohemian Chemist, a Philo, California craft cannabis brand, has turned to its location in Mendocino County (renowned for wineries) and the…

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420 with CNW — Minnesota Governor Appends Signature to Recreational Cannabis Legalization Bill

June 7, 2023

June 7, 2023 15:25:00

Minnesota Governor Tim Walz has officially signed a bill into law, paving the way for the legalization of recreational marijuana use in the state. This historic decision positions Minnesota as the 23rd state to permit the adult use of cannabis and the third in the Midwest region to do so.

The successful passage of the bill comes after a series of diligent efforts at the Capitol, including numerous committee hearings and…

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420 with CNW — Florida Recreational Cannabis Effort Notches Major Victory

June 7, 2023

June 7, 2023 03:25:00

Activists who have been working to put a recreational cannabis measure on the 2024 ballot in Florida have scored a major victory. The state’s department of health has announced that the initiative had tendered the required number of voter signatures to qualify the measure for next year’s ballot.

The measure, aimed at amending the state’s constitution in order to legalize adult-use marijuana, submitted…

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420 with CNW — Missouri Cannabis Licensing Rules Worry Activists About Social Equity for Blacks

June 6, 2023

June 6, 2023 15:25:00

Adolphus Pruitt, St. Louis City’s NAACP president, was initially a vocal supporter of a marijuana legalization amendment aimed at addressing the lack of Black participation in the industry. However, his perspective changed when he discovered details of the requirements for those seeking microbusiness licenses outlined in the amendment.

The application was set to be released on June 6, 2023, and Pruitt was shocked to find that the list of qualifying zip codes did not include any areas in north St. Louis, where a…

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420 with CNW — Thai Marijuana Sector Uncertain of Future as Incoming Government Considers Reversing Legalization Plans

June 6, 2023

June 6, 2023 03:25:00

Thailand’s winning party, Move Forward, has suggested reclassifying marijuana as a narcotic, even though it was legalized only a year ago. This idea has sent shock waves across a sector expected to be worth $1.2 billion in the coming years.

Since the legalization of marijuana consumption and growth, a slew of new businesses have sprung up, with multiple outlets in…

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420 with CNW — Arizona Court Says Cannabis Sales Convictions Qualify for Expungement

June 5, 2023

June 5, 2023 15:25:00

The Court of Appeals in Arizona State has ruled that some people who have convictions for selling marijuana can apply to have those convictions expunged. This ruling comes after a man who had been convicted in 2014 for possessing marijuana with an intention to sell it sought the Appeals Court’s opinion regarding a lower court’s decision to deny his request for expungement.

It should be remembered that in 2020, voters in Arizona approved a recreational cannabis legalization law. This law also had provisions for expungement of…

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Lexaria Bioscience Corp. (NASDAQ: LEXX) Completes Animal Study Showing Its Patented DehydraTECH(TM) Technology Significantly Enhances Oral Delivery of Estradiol; Raises $2 Million in Gross Proceeds from Public Offering

June 5, 2023

June 5, 2023 08:05:00

Lexaria recently completed its animal study HOR-A22-1 showing its patented DehydraTECH(TM) technology dramatically enhanced the oral delivery of estradiol, a type of estrogen hormone
The use of DehydraTECH resulted in ~900% higher peak concentration of estradiol in the bloodstream compared to the control, as well as a 2,000% increase in the levels of estrone
Estrone is a type of estrogen that can be reversibly made from estradiol in certain tissues within the female body
The study HOR-A22-1 also revealed that DehydraTECH resulted in 1,500% and 12,500% higher exposure to estradiol and estrone over time, respectively, compared to the control
Lexaria also announced the closing of a public offering that raised approximately $2 million in gross proceeds

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, recently reported that it had completed its animal study HOR-A22-1, which showed that the company’s patented DehydraTECH(TM) technology platform significantly enhanced the oral delivery of the estrogen hormone estradiol (https://cnw.fm/7InvU).

Performed in 20 female Sprague-Dawley rats, the pharmacokinetic study compared a DehydraTECH-estradiol formulation to a generic estradiol composition, both containing 10 mg/kg of estradiol, to evaluate the ability of DehydraTECH to enhance the delivery properties of the orally administered…

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420 with CNW — Minnesota Agencies Set Timelines for Launch of Recreational Cannabis Sales

June 5, 2023

June 5, 2023 03:25:00

State agencies in Minnesota hope to start granting retail licenses for permitted marijuana sales within a year. To accomplish this, a request has been made for vendors to provide a timeline for the program’s development, following the approval of a bill by the legislature permitting adults aged 21 years and older to possess and purchase cannabis. Governor Tim Walz has expressed his intention to sign the bill into law, thereby making Minnesota the 23rd state to legalize recreational marijuana.

The state is looking for a software provider to handle the applications and data related to retail licenses. According to the…

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420 with CNW — Nevada Lawmakers Urge Congress to Approve Federal Marijuana Legalization Law

June 2, 2023

June 2, 2023 15:25:00

Last week, senators in Nevada passed a measure that called for Congress to legalize cannabis at the federal level. The approved measure states that marijuana has many medical uses that have been well documented, yet it is still classified as a Schedule I substance.

Under the Controlled Substances Act, marijuana is classified in the same category as drugs such as heroin, LSD, peyote, ecstasy and…

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420 with CNW — Australian States Review Driving Laws as Medical Cannabis Use Grows

June 2, 2023

June 2, 2023 03:25:00

Imogen Kars relies on medical cannabis to lessen the pain and suffering brought on by her chronic disease and handicap, but she worries that using it while driving could land her in legal trouble. The 27-year-old from Queensland takes cannabis as prescribed to treat her rheumatoid arthritis and cerebral hypertension. Kars said that her hands and joints’ discomfort, stiffness and edema would prevent her from continuing her copywriting career without medical cannabis.

The main psychoactive ingredient in cannabis is THC, which can be identified in a saliva test at a traffic stop for up to…

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420 with CNW — Study Says Marijuana Smoking Doesn’t Present Same Risks as Tobacco

June 1, 2023 15:25:00

Like several Western countries, the United States has been caught up in a wave of cannabis reform that has seen dozens of states legalize either recreational or medical cannabis use among their residents. But with millions of Americans now gaining access to legal cannabis, some cannabis reform opponents have argued that cannabis consumption is a dangerous activity that can open users to other substances.

Cannabis has been compared to tobacco cigarettes, which are also smoked and are known to…

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CannabisNewsBreaks – ECGI Holdings Inc. (ECGI) Closes Acquisition of East West Pharma Group

June 1, 2023 11:15:58

ECGI Holdings (OTC: ECGI), D/B/A Elite Cannabis Group Incorporated, is a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace. The company today announced the closing of its acquisition of East West Pharma Group, Inc. (“EWPG”), a Wyoming corporation with specialized equipment and experienced personnel, including leaders in the cannabinoid extraction and product manufacturing space. “We couldn’t be more excited to have this deal closed and in the books as we look ahead to an exciting summer,” said ECGI CEO Danny Wong . “The cannabis market has been recovering, with spot prices up over 20% in the past four months, and we now have a top-tier in-house product team and the infrastructure needed to materially scale up production.”

To view the full press release, visit https://cnw.fm/qLQUU

About ECGI Holdings Inc.

ECGI Holdings, which plans to operate as Elite Cannabis Group, is reorganizing as an acquisition-oriented corporation with California-based targets including undercapitalized and distressed licensed cannabis assets, properties zoned for cannabis cultivation and processing, and cannabis companies operating in market sectors with nationwide expansion possibilities.

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CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Sponsored Research Presented at Canadian Neuroscience Meeting

June 1, 2023 10:44:08

InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development, manufacturing and commercialization of rare cannabinoids, today announced that results from a neurodegenerative disease study were presented in a scientific poster at the Canadian Neuroscience Meeting in Montreal from May 28-31, 2023. The InMed sponsored research demonstrated the ability of a specific rare cannabinoid (“pCBx”) in InMed’s 900 Series library of potential candidates that reduces amyloid toxicity and tau protein expression while enhancing neuronal cell growth and neuritogenesis markers in vitro. These are all considered to be important targets in the potential treatment of neurodegenerative diseases such as Alzheimer’s. The research was conducted in the laboratory of Dr. Ujendra Kumar and Dr. Rishi Somvanshi of the faculty of Pharmaceutical Sciences at the University of British Columbia. Studies have shown that cannabinoids, via their endocannabinoid receptors (“CB1R” and “CB2R”) that naturally occur in the human body and brain, reduce amyloid-beta (“Aβ”) toxicity, decrease p-tau protein expression and provide neurite outgrowth, thus improving neuronal viability and function.

To view the full press release, visit https://cnw.fm/DUQdA

About InMed Pharmaceuticals Inc.

InMed Pharmaceuticals is a global leader in the research, development, manufacturing and commercialization of rare cannabinoids, including clinical and preclinical programs targeting the treatment of diseases with high unmet medical needs. The company also has significant know-how in developing proprietary manufacturing approaches to produce cannabinoids for various market sectors. For more information, visit www.InMedPharma.com and www.BayMedica.com.

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420 with CNW — US Leaders Draw Attention to Cannabis Banking Bill Provision

June 1, 2023 03:25:00

A provision in the SAFE Banking measure has drawn criticism from several leaders and groups, including Democratic Senator Jack Reed, conservative advocacy associations and senior federal officials. The parties argue that the provision may unintentionally restrict the capacity of regulators to take action against those abusing financial services.

Reed first raised his concerns about Section 10 of the SAFE Banking Act this month in a session held by the Senate Banking Committee to…

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420 with CNW — Nevada Moves to Ease Cannabis Regulations for Police Recruits

May 31, 2023

May 31, 2023 15:25:00

More than 20 states now allow their residents to purchase recreational cannabis while dozens of states have launched medical marijuana markets. This has significantly expanded access to cannabis among the populace and allowed millions of Americans to purchase and consume marijuana legally.

But since federal law still considers cannabis a Schedule I controlled substance, certain individuals can face serious consequences for…

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420 with CNW — Google Unveils AI to Expedite Drug-Development Processes

May 31, 2023

May 31, 2023 03:25:00

Artificial intelligence (AI) now has the potential to significantly speed up the laborious, time-consuming, and currently low-success rate process of finding and approving new pharmaceuticals. Google Cloud introduced two new AI-powered tools — Multiomics and Target and Lead Identification Suites — on May 15, 2023, in an effort to aid pharmaceutical and biotech companies in accelerating the discovery of novel treatments and advancing medicine.

According to a study published in the March 2021 issue of the “British Journal of Pharmacology,” the process of producing a…

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420 with CNW — The DEA Wants Delta-8 Banned, CBD Severely Restricted

May 30, 2023

May 30, 2023 15:25:00

While delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD) are the most publicly known cannabinoids, cannabis produces more than 100 different cannabinoids. Delta-9 THC is the main psychoactive agent in cannabis, and it is illegal at the federal level and in states that do not allow recreational or medical cannabis sales.

In recent years, players in the cannabis industry have turned to another psychoactive cannabinoid called…

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420 with CNW — Analysis Finds Significant Number of US Employees Failing Cannabis Drug Tests

May 30, 2023

May 30, 2023 03:25:00

A study by testing company and medical lab Quest Diagnostics has revealed that Americans are failing marijuana tests in unprecedented numbers. The firm’s annual analysis found that the number of U.S. employees who tested positive for marijuana was the highest Quest Diagnostics had seen since it started collecting data on workplace drug testing in 1988.

After analyzing more than 6 million urine tests for traces of marijuana in 2022, the firm found that…

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420 with CNW — As Security Concerns Escalate, B.C. Alters Law on Cannabis Shop Window Coverings

May 26, 2023

May 26, 2023 15:25:00

Last Friday night, all across Vancouver, British Columbia, cannabis retail shops were taking the coverings off of their windows. This was after the government altered the law in response to a spike in cannabis store robberies in the province. The move is meant to protect both customers and sellers.

Until recently, the opaque film window coverings were a condition of cannabis retail shop provincial licensing, ensuring that…

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CannabisNewsBreaks – Bright Green Corporation (NASDAQ: BGXX) Announces Pricing of $3.5M Private Placement

May 26, 2023

May 26, 2023 10:55:57

Bright Green (NASDAQ: BGXX) is one of the few companies selected by the U.S. government to grow, manufacture and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export. The company recently announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 3,684,210 shares of common stock and warrants to purchase up to 3,684,210 shares of common stock, at a purchase price of $0.95 per share and accompanying warrant. Bright Green expects approximately $3.5 million in gross proceeds from the private placement. EF Hutton, division of Benchmark Investments LLC, is acting as the exclusive placement agent for the offering.

To view the full press release, visit https://cnw.fm/KQLQV

About Bright Green Corporation

Bright Green is one of the very few companies authorized by the U.S. government to grow, manufacture and sell, legally under federal and state laws, cannabis and cannabis-related products for research, pharmaceutical applications and affiliated export. Bright Green’s registration by the U.S. Drug Enforcement Administration gives it the opportunity to advance its vision of improving quality of life through the opportunities presented by cannabis-derived therapies. To learn more, visit www.BrightGreen.us.

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420 with CNW — NIDA Director Wants Cannabis Products Federally Regulated

May 26, 2023

May 26, 2023 03:25:00

According to a senior federal health official, cannabis products must be controlled as states continue to legalize marijuana. Nora Volkow, director of NIDA, stated that while it would be ideal if states took their time enacting reform, the reality is that they are enacting reform and people need to know what they can do to lessen negative impacts. Volkow asserted that it is crucial to regulate the sale of products and inform the public about potential negative consequences.

The official’s remarks are noteworthy because, although she did not specifically demand federal reform, such a shift in…

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420 with CNW — Maryland Governor Enacts Bill Offering Parental Protections for Using Medical Marijuana

May 25, 2023 15:25:00

Maryland Governor Wes Moore has signed a bill offering protections for parents and guardians who use medical marijuana. The bill prevents state officials from classifying parents who use medical marijuana for allowed conditions as being “neglectful” of their children.

After Maryland voters voted in favor of a ballot measure to legalize medical cannabis last year, state lawmakers passed…

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CannabisNewsBreaks – Jaxx Cannabis Owner, Veteran and Cannabis Advocate Featured in Recent Episode of The Plant Lady

May 25, 2023 12:15:12

Female empowerer and owner of Jaxx Cannabis, JM Balbuena, was featured in a recent episode of The Plant Lady podcast. JM joined host Jackie Bryant to discuss her wellness brand and dispensary’s humble beginnings in San Diego county, which wanted to scrub cannabis culture from its image, to the company’s success, which JM attributes much to patience and working for the system instead of against it. During the program, the host and guest “reminisce about the low-key dispensaries scattered around every neighborhood and the elaborate rouses needed as a front to keep them open like under-stocked coffee shops or deserted medical clinics. It’s not that these shops were selling illegal drugs, but that there weren’t enough licenses allowing businesses to sell weed in the cities. When supply meets demand and opportunity strikes, hundreds of dispensaries found ways to continue operation,” reads a recent article discussing the interview. JM goes on to describe her successes in owning a small business like Jaxx and advocating for social equity amongst the cannabis industry—as well as in the San Diego communities where her brand stood. This connected her with the residents of Ramona, Mount Hope and La Mesa who chose her over a larger company. Now, Jaxx Cannabis and JM are working with the Mount Hope Community Alliance Program to restore a park in the area to signify it as a landmark of San Diego. The local Jaxx brand helps fund social projects that will, in turn, uplift the collective population. “The culture is compassion and community. Those two things are the pillars of cannabis,” JM says during the episode. “You can have the money, but if people aren’t supporting you because they don’t feel that sense of culture, that sense of community, that sense of — you know — this is something good for the world and it’s just capitalism, then it’s not going to last long.”

To view the full press release, visit https://cnw.fm/feYlH

About Jaxx Cannabis

Jack of all trades, female empowerer, and owner of a San Diego local cannabis retailer, JM Balbuena, got her start in the industry not long after Proposition 64 passed. In a newer fashion, JM opened her wellness brand and dispensary, Jaxx Cannabis, as a medical operation. Operating in one of the most conservative and regulated counties of California, JM waited her turn and played by the rules, allowing Jaxx Cannabis to start running and stay within its communities—unlike some competitors. JM attributes much of her success in keeping the business running to patience and working for the system instead of against it. To stay up-to-date on the expansion of Jaxx Cannabis, follow @jaxx.sandiego and @_jmbalbuena on Instagram.

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CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Plans to Participate in Virtual Investor Events Next Week

May 25, 2023 12:01:16

InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development, manufacturing and commercialization of rare cannabinoids and cannabinoid analogs, will be represented at two upcoming investor events. The company announced that members of its executive team will be participating in the Tribe Public Webinar, slated for May 31, 2023, and the Investor Summit, scheduled for June 1, 2023. According to the announcement, InMed CEO Eric A. Adams and BayMedica VP of sales and marketing Jerry Griffin will cohost a presentation for the Tribe Public Webinar. The virtual presentation, titled “Addressing the Increasing Demand for Rare Cannabinoids,” will begin at 12 p.m. ET and will include time for questions and answers. At the Investor Summit, Adams will present a corporate overview followed by a Q&A session; his presentation is scheduled to begin at 11:30 a.m. ET. Both presentations will be available on the company’s website following the conclusion of the events.

To view the Tribe Public Webinar presentation, visit https://cnw.fm/3fSqq

To view the Investor Summit presentation, visit https://cnw.fm/X6TGn

To view the full press release, visit https://cnw.fm/jliPr

About InMed Pharmaceuticals Inc.

NOTE TO INVESTORS: The latest news and updates relating to INM are available in the company’s newsroom at https://cnw.fm/INM

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420 with CNW — AMA Study Says Medical Cannabis Causes Sustained, Significant Health Improvements

May 25, 2023 03:25:00

A recent study conducted by the AMA has revealed a significant relationship between the utilization of medical cannabis and notable enhancements in the quality of life experienced by individuals grappling with conditions like insomnia and chronic pain. In a comprehensive retrospective analysis, the researchers examined a sample of 3,148 individuals from Australia that had been prescribed medical cannabis to alleviate symptoms associated with various qualifying diseases.

The study found that cannabis appeared to be beneficial for all eight well-being indicators that were examined, with negative side effects that…

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420 with CNW — Michigan Officials Consider Scrapping Pre-Employment Cannabis Testing

May 24, 2023

May 24, 2023 15:25:00

Officials in the state of Michigan are considering putting an end to drug testing for cannabis for job applicants of certain government positions. Last week, the state’s Civil Service Commission put forward some amendments to the government’s code of employment on Friday and opened a public comment period on the pair of policies.

This comes after the country’s largest union that represents federal employees adopted an initiative in support of cannabis legalization in 2022, and…

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420 with CNW — Florida Supreme Court Considers 2024 Recreational Cannabis Legalization Initiative

May 24, 2023

May 24, 2023 03:25:00

Earlier this week, Attorney General Ashley Moody submitted a ballot measure to legalize recreational cannabis to the Florida Supreme Court. Smart & Safe Florida, a political committee that supports the rights of adults to buy, possess and use cannabis within reasonable regulations, is sponsoring the proposed amendment to the constitution.

Thus far, the committee has gathered more than 222,000 signatures for its petition, which is more than enough to prompt a…

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420 with CNW — Study Says Tobacco Use is Declining in States with Legal Marijuana Markets

May 23, 2023

May 23, 2023 15:25:00

A recent study has found that state-level marijuana policies are largely linked to modest, sporadic, longer-term declines in tobacco use among adults. The implementation of state recreational cannabis laws (RMLs) did, according to the research, result in a small increase in adult marijuana usage of between 2% to 4%, depending on the source of data. However, tobacco use did not follow this pattern.

The results were published last month in the “Journal of Health Economics” by researchers from Bentley, Georgia State and…

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CannabisNewsBreaks – GRN Holding Corporation (GRNF), Marijuana Inc. Complete Merger, Positioning as Frontrunner in the Cannabis Industry

May 23, 2023

May 23, 2023 14:21:45

GRN Holding Corporation (OTC: GRNF) today announced successful completion of its merger with Marijuana Inc., solidifying a position as a dominant player in the cannabis industry. The milestone achievement marks a significant step forward in the shared vision of delivering high-quality cannabis products and driving innovation in the market. “We are delighted to announce the successful completion of the merger between GRN Holding Corporation and Marijuana Inc. This strategic consolidation positions us as a frontrunner in the cannabis industry, enabling us to provide exceptional products, expand market reach, and drive sustainable growth,” said GRNF CEO Donald Steinberg. “Together, we are committed to meeting the needs of consumers while upholding the highest standards of quality and service. The next step for GRN Holding Corporation is the name change to Marijuana Inc. and ticker change.”

To view the full press release, visit https://cnw.fm/a1GWc

About GRN Holding Corporation

GRN Holding Corporation is a publicly quoted company focused on the global distribution and sale of marijuana in jurisdictions where it is legal. The company collaborates with marijuana farmers to distribute high-grade, affordable marijuana to legal consumers, wholesalers and retailers. With a team of seasoned professionals experienced in the publicly traded marijuana space, GRN Holding Corporation is committed to driving industry innovation and growth.

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420 with CNW — Minnesota Legislators Build Consensus During Cannabis Legalization Committee Conference

May 23, 2023

May 23, 2023 03:25:00

During their first committee meeting last week, bicameral and bipartisan legislators ironed out some differences they had on cannabis legalization measures that were approved in both chambers in April. The members adopted some amendments on temporary regulations for hemp-derived CBD products and how the measures defined marijuana.

Senate bill SF 73 was sponsored by Senator Lindsey Port while the…

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420 with CNW — Montana Legislators Send Cannabis Reform Measures to Governor

May 22, 2023 15:25:00

The Montana legislature passed several measures in the final hours of this year’s legislative session that, if Governor Greg Gianforte signs into law, will significantly impact the state’s recreational marijuana market. A few new regulations, including one that is more lenient when it comes to edible THC testing and another that extends the moratorium on authorizing new operations until 2025, could benefit the industry. However, some, including a considerable increase in license renewal prices, may make it more difficult for businesses to operate.

The legislature also blocked measures that would significantly impact the industry during the session, such as…

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Lift Toronto 2023 Conference & Expo: Lifting the Rapidly Expanding Cannabis Industry & Community

May 22, 2023 10:20:00

Cannabis industry leaders, entrepreneurs, policymakers, service providers and consumers are all invited to attend the Lift Toronto 2023 Conference & Expo to be held at Metro Toronto Convention Centre from June 1-3, 2023. The advocacy-oriented, strategy-focused Lift Cannabis Business Conference (“LCBC”) on June 1st kicks off the three-day event and is dedicated to discussing best practices in evolving cannabis industry topics, brushing up on policy matters, and connecting with industry leaders.

The Lift Cannabis Business Conference is an ideal opportunity for those who are serious about thriving in the global cannabis industry; it is the premiere gathering of subject matter experts, cannabis business leaders, regulators and decision-makers. Each speaker and panel offers innovative education about…

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Lexaria Bioscience Corp. (NASDAQ: LEXX) Completes Dosing in Human Oral Nicotine Study, Hopes to Facilitate More Satisfying Experience with DehydraTECH(TM)-Processed Oral Nicotine

May 22, 2023 08:50:00

Lexaria recently reported that dosing of the targeted 36 volunteers in its human clinical oral nicotine study, NIC-H22-1, had been completed
The company hopes to demonstrate that its DehydraTECH(TM)-processed nicotine absorbs more quickly and more efficiently into the human bloodstream than leading oral nicotine brands
Through previous animal testing, Lexaria showed that DehydraTECH-nicotine was up to 10x to 20x faster in delivering comparable levels of nicotine and delivered up to 6-fold higher levels of nicotine into blood plasma than concentration-matched controls
If the findings from the human study replicate a similarly improved performance, Lexaria believes this could facilitate a more satisfying oral nicotine experience than any leading brands sold around the world today
Success could result in an important commercial relationship developing in 2023, according to CEO Chris Bunka

Lexaria Bioscience (NASDAQ), a global innovator in drug delivery platforms, recently announced that the dosing of the targeted 36 subjects in its human clinical oral nicotine study NIC-H22-1 had been completed. In the meantime, the company has already commenced sample and data analysis and expects to report the findings as soon as possible (https://cnw.fm/u4AHx).

NIC-H22-1 is a human pharmacokinetic randomized, double-blinded, cross-over study that involved 36 human volunteers that are current cigarette smokers. Each participant visited the laboratory for dosing three times over several weeks, and during each visit, only one oral nicotine pouch was…

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420 with CNW — Why Marijuana’s $100 Billion Economic Impact Varies by State

May 22, 2023 03:25:00

The recreational and medical marijuana markets continue to have a positive economic impact on the nation as a whole. However, the effects on individual states vary according to the size, maturity and nature of each market. Compared to certain larger, highly populated states with larger markets, some smaller, less populous states are seeing a stronger overall impact on the economy.

Statistics from the just-released MJBizFactbook indicate that the total economic impact of cannabis sales in the United States is…

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420 with CNW — Marijuana Banking Reform Prospects in US Senate Seem More Positive

May 19, 2023

May 19, 2023 15:25:00

The SAFE Banking Act, a bipartisan measure that was reintroduced last month, was recently discussed by the Senate Banking Committee. While the legislation has already been approved by the House of Representatives on numerous occasions, the Senate has never voted on the measure. This is despite Majority Leader Chuck Schumer voicing his support for the proposal.

It is believed that if the bill were to advance to…

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CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) CEO Featured in Upcoming Water Tower Research Fireside Chat

May 19, 2023

May 19, 2023 11:47:42

InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development, manufacturing and commercialization of rare cannabinoids and cannabinoid analogs, will be represented at an upcoming Water Tower Research Fireside Chat Series. The company announced that CEO Eric A. Adams will be the featured speaker at the May 23, 2023, fireside chat; the event is slated to begin at 1 p.m. ET. During the chat, Adams will present an overview of the company’s pharmaceutical development pipeline. He will also discuss subsidiary BayMedica and its anticipated impact on InMed’s growth as well as upcoming catalysts for the company. A replay of the fireside chat will be available after the event for those who are unable to view it live.

To view the full fireside chat, visit https://cnw.fm/EQu9u

To view the full press release, visit https://cnw.fm/Oa7GL

About InMed Pharmaceuticals Inc.

InMed Pharmaceuticals is a global leader in the research, development and manufacturing of rare cannabinoids, including clinical and preclinical programs targeting the treatment of diseases with high unmet medical needs. The company also has significant know-how in developing proprietary manufacturing approaches to produce cannabinoids for various market sectors. For more information, please visit www.InMedPharma.com.

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420 with CNW — Groups Urge Leaders to Expedite Passing Cannabis Banking Legislation

May 19, 2023

May 19, 2023 03:25:00

All 50 states’ banking associations, as well as several financial, union and insurance organizations, are urging the Senate committee to enact a cannabis banking bill as soon as feasible. Several state and national organizations wrote to the Senate Banking Committee’s leadership, urging prompt action on the SAFE Banking Act.

Among those voicing support for the act are the American Bankers Association (ABA), the Electronic Transactions Association (ETA), the Independent Community Bankers of America (ICBA), a coalition of trade associations representing the…

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420 with CNW — New Hampshire Governor Voices Support for Cannabis Legalization After Senate Rejects Bill

May 18, 2023

May 18, 2023 15:25:00

Governor Chris Sununu of New Hampshire recently announced support for a resolution to enact marijuana legalization via a system of stores run by the state. What happens next remains uncertain, as a bill that would have established a state-run market, which had been approved by the House during the previous session, was rejected by the Senate. The Senate defeated the measure in a vote of 14 to 10.

However, now that the governor has voiced his support, there may be a renewed push to advance a state-run…

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420 with CNW — How Governments’ Greed for Taxes Is Frustrating Legal Cannabis Sales

May 18, 2023

May 18, 2023 03:25:00

The question of whether individuals should be allowed to use drugs recreationally, particularly marijuana, has long been up for discussion. Advocates claimed that legalizing these drugs would reduce their availability on the black market. Prices would decrease, and gangs and organized crime, which have long benefited from the movement and sale of illicit substances, would decline.

However, this has not changed anything. Cannabis still retains the same legal status under federal law. According to…

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420 with CNW — How New York Cannabis Companies Are Getting Creative to Lure Customers

May 17, 2023

May 17, 2023 15:25:00

The new legal market for marijuana in New York is growing, and with this comes an increase in demand. To help keep up, businesses in the state are finding new ways to turn marijuana into a range of products, including edibles such as chocolates and gummies.

Smokiez’ National training manager Maddi Burch stated that edibles had become more popular as they appeal to those who…

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CannabisNewsBreaks – ECGI Holdings Inc. (ECGI) Reports 1,000% Annualized Distribution Channel Growth for New Cannabis Brand

May 17, 2023

May 17, 2023 10:58:40

ECGI Holdings (OTC: ECGI), D/B/A Elite Cannabis Group Incorporated, a Nevada -based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, has announced that 8bit, its soon soon-to-be-acquired cannabis brand, is experiencing significant growth. The company noted that 8bit has expanded its active distribution footprint by 30 locations, increasing from 20 stores to 50 stores in just a few weeks. ECGI reports that is a 150% increase in distribution footprint in less than two months, which tops 1,000% annualized growth in distribution footprint over the same period. In March, ECGI entered a binding letter of intent to acquire the key personnel, intellectual property, business operations and future business operations of Endless Consciousness Inc. (“EC”), whose primary asset is the 8bit branded cannabis products line; the company expects to sign a definitive agreement and close on the acquisition in the next few weeks. “8bit’s powerful growth rate over the past two months is further validation of our committed interest in this brand,” said ECGI CEO Danny Wong in the press release. “We are hard at work, actively driving further expansion of the brand’s footprint through current sales efforts and a plan to increase sales personnel to focus on aggressively penetrating the Northern California dispensary marketplace over coming months. We believe we can take further market share from industry leaders, like Stiizy and others, given the strength of our product line and the talented team backing 8bit.”

To view the full press release, visit https://cnw.fm/SIhJf

About ECGI Holdings Inc.

ECGI Holdings, which plans to operate as Elite Cannabis Group, is reorganizing as an acquisition-oriented corporation with California-based targets, including undercapitalized and distressed cannabis assets, properties zoned for cannabis cultivation and processing, and cannabis companies operating in market sectors with national expansion possibilities. For more information about the company, please visit [email protected].

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420 with CNW — Missouri’s Adult-Use Market Thriving Three Months After Launch

May 17, 2023

May 17, 2023 03:25:00

Missouri launched recreational cannabis sales earlier in February, following approval of Amendment 3 in November 2022. This, according to a report by Brightfield Group, is the second fastest turnaround in the United States, only two weeks behind the record set by Arizona.

Thus far, Missouri has raked in $350 million in sales for both medical and recreational cannabis, according to data released by the..

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420 with CNW — Illicit Marijuana Worsens Water Crisis in California

May 16, 2023 15:25:00

The illegal cannabis trade in California is so tenaciously entrenched that it not only undercuts the legal market but is also responsible for some of the most flagrant water theft in the whole world. The estimated $8 billion illegal marijuana sector uses astonishing amounts of the scarce resource, despite the state legalizing recreational marijuana in 2016.

It has been reported that some individuals haul in stolen water, while others steal it from fire hydrants or dig unauthorized…

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CannabisNewsBreaks – AmeriCann Inc. (ACAN) Reports Best-Ever Revenue, Net Income

May 16, 2023 14:05:06

AmeriCann (OTCQB: ACAN), a cannabis company that develops state-of-the-art cultivation, product manufacturing and distribution facilities, is reporting on its financial and operational results for the quarter ending March 2023; the report showed the company’s best-ever annual revenue and net income for its latest four quarters. According to the report, AmeriCann has reported five consecutive quarters of positive net income, with net income increasing 257% and revenue increasing an estimated 12% for the quarter ended March 2023 compared to the quarter ended March 2022. In the report, the company attributed the increased revenue to products produced and manufactured at the company’s initial building at its Massachusetts Cannabis Center (“MCC”) development in Freetown, Massachusetts. The company noted that it is in the final design phase of expanding its MCC development, an initiative that has included securing provisional cultivation and manufacturing licenses. The next stage of expansion include adding up to 60,000 square feet of extraction, manufacturing and distribution infrastructure and approximately 160,000 square feet of additional cannabis cultivation infrastructure. “AmeriCann’s financial discipline and strong business model have produced record profitability and cash flow,” said AmeriCann CEO Tim Keogh in the press release. “We achieved the best consecutive four quarters of revenue and net income in our history.”

To view the full press release, visit https://cnw.fm/GdPgj

About AmeriCann Inc.

AmeriCann is a cannabis company that develops cultivation, processing and product manufacturing facilities. AmeriCann uses greenhouse technology, which is superior to the current industry standard of growing cannabis in warehouse facilities under artificial lights. According to industry experts, by capturing natural sunlight, greenhouses use 25% fewer lights, and utility bills are reduced by as much as 75% compared to typical warehouse cultivation facilities. As such, AmeriCann’s Cannopy System enables cannabis to be produced with a greatly reduced carbon footprint, making the final product less expensive. Additionally, greenhouse construction costs are nearly half of warehouse construction costs. AmeriCann is also designing GMP-certified cannabis extraction and product manufacturing infrastructure. The company has secured provisional licenses to produce cannabis-infused products, including beverages, edibles, topicals and concentrates. AmeriCann plans to operate a marijuana product manufacturing business at the Massachusetts Cannabis Center. For more information about the company, please visit www.Americann.co.

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Lift Toronto 2023 Cannabis Conference & Expo Promises to Energize, Inspire, Educate, and Motivate Audiences from Across the Cannabis Ecosystem

May 16, 2023 08:50:00

In October 2018, Canada became the first developed country to legalize recreational cannabis for adult use (https://cnw.fm/CnFvC). Aimed at curbing the illicit trade of the drug and launching a new source of economic growth, this move is playing a significant role in the economy. For instance, Deloitte’s study, which considered the direct, indirect, and induced economic activities, estimated that the industry had contributed US$43.5 billion to Canada’s economy between legalization and 2021 (https://cnw.fm/2CPiB).

And as the country counts down to the fifth anniversary this October, the figure is expected to be higher, making the upcoming Lift Toronto 2023 Cannabis Conference & Expo the perfect setting to take stock of the progress so far, as well as find ways to draw even more value while pushing the…

For more information and to purchase your ticket, visit https://cnw.fm/O2sD5.

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420 with CNW — U.S. Border Patrol Agents Cautioned Against Using CBD Products

May 16, 2023 03:25:00

The U.S. Customs and Border Protection agency is warning its workers and their family members to say no to CBD. CBD (cannabidiol) is one of the two primary compounds found in marijuana. However, unlike THC, which induces a high when ingested, CBD does not.

In a recently published advisory, the agency highlighted some…

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420 with CNW — Thai Cannabis Companies Say US-Grown Marijuana Is Threatening Their Businesses

May 15, 2023

May 15, 2023 15:25:00

Almost a year after the decriminalization of marijuana amid hopes of a boom in the economy, Thai cannabis cultivators and sellers allege that illegal imports from the United States that sell for a much lower price than the country’s buds are affecting their businesses. Thailand delisted marijuana from its list of prohibited substances in June of last year. This came about as a result of a significant effort by Anutin Charnvirakul, the health minister, to position the nation as a global powerhouse for medical marijuana.

However, the long-awaited marijuana bill has not yet been approved by Thailand’s parliament, which has left the…

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CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Q3 2023 Financial Results, Provides Business Update

May 15, 2023

May 15, 2023 14:35:26

InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development, manufacturing and commercialization of rare cannabinoids and cannabinoid analogs, today announced financial results for the third quarter of the fiscal year 2023, which ended March 31, 2023. “The third quarter of fiscal year 2023 was an important period for InMed, as we achieved several key milestones across our different business segments, including completing enrollment in our phase 2 clinical trial for epidermolysis bullosa, marking the first time cannabinol (‘CBN’) has completed a phase 2 clinical trial. We look forward to the data read out during 3Q and will then be in a better position to evaluate our strategic opportunities for the program,” said Eric A. Adams, president and CEO of InMed. “We are increasingly excited about the data we are seeing in our preclinical ocular and neurodegenerative disease programs where we are researching proprietary cannabinoid analogs in the treatment of various indications.”

To view the full press release, visit https://cnw.fm/zTFDv

About InMed Pharmaceuticals Inc.

InMed Pharmaceuticals is a global leader in the research, development, manufacturing and commercialization of rare cannabinoids and cannabinoid analogs, including clinical and preclinical programs targeting the treatment of diseases with high unmet medical needs. The company also has significant know-how in developing proprietary manufacturing approaches to produce cannabinoids for various market sectors. For more information, visit www.InMedPharma.com.

NOTE TO INVESTORS: The latest news and updates relating to INM are available in the company’s newsroom at https://cnw.fm/INM

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420 with CNW — CDC Study Reports Teen Cannabis Use Decreasing as Legalization Spreads

May 15, 2023

May 15, 2023 03:25:00

Recent federal data reveals that rates of marijuana usage among high school students have decreased even as more states legalize the drug. The Youth Risk Behavior Survey (YRBS) from the Centers for Disease Control and Prevention (CDC), which was released last week, indicated that teen usage of all substances tracked, including alcohol, prescription drugs and marijuana, has fallen linearly over the past 10 years.

The federal analysis reveals that marijuana use among high school kids was high between 2009 and…

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420 with CNW — Labor Peace Agreements May Be Good for the Marijuana Industry

May 12, 2023 15:25:00

Marijuana companies operate in rapidly changing and highly competitive environments, which means that labor disputes can considerably impact their business operations, leading to reputational damage, losses in revenue and even sanctions.

Labor peace agreements are agreements between bona fide labor organizations and a commercial marijuana licensee or…

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CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Secures $2M in Public Offering

May 12, 2023 12:19:47

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, has announced the closing of its public offering of 2,106,000 units, with each consisting of one share of common stock and one warrant to purchase one share of common stock. Each unit was sold at a public offering price of $0.95. The warrants are immediately exercisable at a price of $0.95 per share and expire five years from the date of issuance. The shares of common stock and accompanying warrants were only purchasable together in the offering but were issued separately and immediately separable upon issuance. Gross proceeds to Lexaria were approximately $2.0 million. Maxim Group LLC acted as sole placement agent in connection with the offering.

To view the full press release, visit https://cnw.fm/rTdHh

About Lexaria Bioscience Corp.

Lexaria’s patented drug delivery technology, DehydraTECH(TM), improves the way active pharmaceutical ingredients (“APIs”) enter the bloodstream through oral delivery. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bio-absorption with cannabinoids, antiviral drugs, PDE5 inhibitors and more. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 30 patents granted and many patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX

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Lift Toronto 2023 Cannabis Conference & Expo Connects Brands, Investors, Growers & Consumers from Across the Cannabis Industry

May 12, 2023 08:50:00

Cannabis industry growers, processors, manufacturers, brands, budtenders, retailers, educators, advocates, regulators, consumers, investors, and more, are invited to attend the Lift Toronto 2023 Cannabis Conference & Expo to be held June 1-3, 2023, at the Metro Toronto Convention Centre.

The three-day event will begin on Thursday, June 1, with the Lift Cannabis Business Conference (“LCBC”), an all-business strategy forum focused on generating meaningful change and sustainable growth within the Canadian cannabis industry. The conference will focus on the drivers of…

Registration for the event is now open, with ‘early bird’ pricing available for a limited time. For more information on tickets and pricing, visit https://liftexpo.ca/tickets-toronto-2023/.

For more information on Lift Toronto 2023 and other Lift events, please visit https://liftevents.com/. Cannabis Education Conferences & Exhibitions | Lift Events & Experiences (liftexpo.ca)

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420 with CNW — New Bipartisan Bill to Seal Federal Cannabis Records Automatically

May 12, 2023 03:25:00

Bipartisan congressional legislators have reintroduced a measure mandating the automatic sealing of records for nonviolent federal cannabis convictions. The bill would also offer relief to individuals who’d been arrested for other offenses that didn’t end in conviction.

Representatives Nancy Mace and Lisa Blunt Rochester filed the Clean Slate Act last week. The previous version of the bill was…

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420 with CNW — Washington Governor Enacts Bill Authorizing Cannabis Interstate Commerce

May 11, 2023 15:25:00

Washington State’s governor has signed legislation allowing interstate marijuana trade in anticipation of a change in federal law. Governor Jay Inslee recently signed the bill introduced by Senator Ann Rivers into law after it passed the legislature last month.

Prior to approving the legislation, Inslee pushed Congress to update the country’s cannabis laws, arguing that legalization at the federal level would support the competitiveness of…

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CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Completion of cGMP Manufacturing for Upcoming Clinical Trial

May 11, 2023 13:56:51

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced completion of batch manufacturing of the DehydraTECH(TM)-processed cannabidiol (“CBD”) and placebo materials for its upcoming U.S. phase 1b hypertension clinical trial HYPER-H23-1. According to the update, Lexaria retained the services of a U.S. contract manufacturing organization to produce the materials compliant with current Good Manufacturing Practice (“cGMP”) regulations as mandated by the Food and Drug Administration (“FDA”). Filling into capsules is expected to be completed this month. This will follow with analytical release and stability testing in order to gather essential quality control data necessary for Lexaria’s upcoming Investigational New Drug (“IND”) filing to the FDA, as previously agreed upon in last year’s successful pre-IND meeting as announced on Aug. 10, 2022.

To view the full press release, visit https://cnw.fm/FBr8V

About Lexaria Bioscience Corp.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX

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BizCann Expo: An Elite Business & Networking Event for All Things Cannabis

May 11, 2023 08:50:00

BizCann Expo, a must-attend event for anyone working in the cannabis space, will be held in the city of Medellín, Columbia, May 20-21, 2023, a beautiful location surrounded by the spectacular Andes mountains. Colombia’s location an1d promising regulatory environment make it a rich location for the cannabis industry, with Medellin and nearby regions guiding its growth.

BizCann is the leading event in South and Latin America driving education, entrepreneurship, and innovation in all facets of the cannabis industry. Whether you’re a recognized canna-entrepreneur, or you are looking to join this exhilarating industry, BizCann Expo has all the resources you’ll need to connect…

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420 with CNW — Study Shows Marijuana Helps Cancer Patients Manage Pain

May 11, 2023 03:25:00

According to a recent Canadian study, medical marijuana may be able to lessen cancer patients’ dependence on other medications by easing their discomfort. The study, published in “BMF Palliative and Supportive Care,” involved the examination of 358 cancer patients and concluded that cannabis could be safely combined with other medications to help in pain management.

Every three months, the researchers checked on the patients to see how much pain they were in and how many medications they were…

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420 with CNW — Oregon Secretary of State Resigns Due to Cannabis Consultancy Job

May 10, 2023 15:25:00

Last week, Shemia Fagan resigned as Oregon Secretary of State after receiving significant criticism for taking up a job as a consultant to a cannabis company while her office was concluding an audit of the state’s Liquor and Cannabis Commission. During her announcement, Fagan apologized for working for the business, pointing out that while she had planned to finish her term, it had been an honor to serve the people of Oregon.

She also highlighted that ethics guidelines permitted outside employment, noting that consulting for La Mota wasn’t a conflict of interest as any actions taken on…

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CannabisNewsBreaks – Lift 2023 Event to Return to the Heart of Downtown Toronto

May 10, 2023 13:30:21

Lift Events & Experiences, Canada’s No. 1 cannabis conference and trade show series, today announced its return to the Metro Toronto Convention Centre (“MTCC”), a top-of-class venue for business event organizers, located in the heart of downtown Toronto. Lift Toronto 2023, slated to take place on June 1-3, is expected to attract representatives from more than 150 companies within the cannabis-value chain, 140+ renowned industry thought leaders, and 3,000 to 5,000 growers, licensed producers, retailers, budtenders, investors and consumers. As a fifth year of cannabis legalization in Canada comes to fruition, the event will commence with the full-day Lift Cannabis Business Conference (“LCBC”). The country’s premier business strategy conference, LCBC features an ideal platform to connect industry peers with managerial leaders, innovators, regulators, investors, researchers, suppliers and professional services. The LCBC, through a host of strategy-focused, advocacy-oriented, truth-to-power, business and industry leadership sessions, will chart the next steps for an industry that is targeting sustainable growth at home and around the world.

To view the full press release, visit https://cnw.fm/n7WPT

About Lift Events & Experiences

Lift Events & Experiences, known for Canada’s number-one cannabis industry conferences and trade shows, is expanding across the continent. Dedicated to honoring the legacy of the cannabis industry, Lift welcomes everyone, from craft growers to multistate operators to everyday folks who enjoy and respect the plant. Lift Events & Experiences is proudly managed by MCI Events.

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CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Announces Results of 2023 Annual Meeting

May 10, 2023 13:23:51

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today announced the results of the 2023 Annual Meeting. According to the update, the company held the meeting at 1:00 p.m. PT on May 9, 2023, whereby there were 3,372,024 shares of the company represented in person or by proxy, constituting 56.3% of the company’s issued share capital as of the meeting date of March 13, 2023. The matters voted upon and the final voting results are set forth as detailed in the announcement. All proposals are described in detail in Lexaria’s proxy statement filed with the Securities Exchange Commission via Edgar and with the BC Securities Commission and Ontario Securities Commission via SEDAR on March 22, 2023.

To view the full press release, visit https://cnw.fm/Zkl8k

About Lexaria Bioscience Corp.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://cnw.fm/LEXX

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420 with CNW — Marijuana Department in California Gives Universities $20M to Study Cannabis