Author: CannabisNewsWire (CNW)

About CannabisNewsWire CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CannabisNewsWire.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsBreaks – Lehua Brands, Maven Genetics Collaborate to Launch Limited Edition Peach Crème Gelato TerpTonic

Lehua Brands, a California licensed manufacturer and distributor of award-winning cannabis products, in a unique collaboration with Maven Genetics, recently launched Maven Peach Crème Gelato TerpTonic (“PCG TerpTonic”). Maven Genetics breeds and cultivates high-quality, rare and exotic indoor cannabis. According to the update, the limited edition PCG TerpTonic is California’s first single-strain, live resin cannabis-infused beverage. “The moment we sampled a test batch of PCG TerpTonic, we recognized Lehua’s extraordinary ability to formulate a cannabis-infused beverage that showcased the taste, aroma and sensory effect of our flower,” said Shane Ponto, co-founder of Maven Genetics. “This collaboration introduces our genetics to a new consumer audience and allows our traditional consumer to experience their favorite flower in a new way.”

To view the full press release, visit https://cnw.fm/40A6y

About Lehua Brands Ltd.

Based in King City, Monterey County, Lehua is a licensed manufacturer and distributor of award-winning cannabis products. These include Olala craft sodas, VOILA! sparkling water, TerpTonic single-strain tonics, Herbology, HAKU Blue and HAKU Red vape cartridges, and soon-to-be-released TIKI Blast 100 mg high-potency elixir. PhenoTech Inc., a wholly owned technology company, specializes in the manufacture and sale of ingredients including, but not limited to, extracts and water-soluble emulsions in exclusive partnership with Cirona Labs. For more information about Lehua, visit www.LehuaBrands.com.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – Advanced Container Technologies Inc. (ACTX) Offers Solution to Grow High-Quality Crops Anywhere Year-Round

Advanced Container Technologies (OTC: ACTX) is the exclusive U.S. distributor of Grow Pods, environmentally controlled micro-farms that allow the cultivation of ultra-clean crops all year long. The newest projections for the global indoor farming sector, which bode well for ACTX, anticipate the market will expand from US$26.5 billion in 2021 to US$62 billion by 2030. “Offering the ability to grow high-quality crops anywhere, the Grow Pods offered through Advanced Container Technologies provide a controlled environment and the ability to grow year-round. The micro-farms also enable cultivation in a smaller footprint using less resources – huge advantages in a world where environmental and sustainability concerns are top priorities for consumers,” reads a recent article. “In November 2020, ACTX announced that it had entered into an agreement with Grow Pods manufacturer GP Solutions for the exclusive rights to market, sell and distribute GP products in the United States and its territories.”

To view the full article, visit https://cnw.fm/bnY3t

About Advanced Container Technologies Inc.

Advanced Container Technologies is in the business of selling and distributing self-contained, automated, indoor “micro-farms” called Grow Pods, along with related equipment and supplies. Additionally, the company designs and sells patented proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com.

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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

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420 with CNW — Tips for Cannabis Consumption during the Summer

Summer is all about relaxing and enjoying yourself, whether this is in the form of margaritas by the beach or smoking a joint to improve your mood. However, with multiple heat waves expected this summer, there are a few things you should keep in mind, especially if you plan to consume marijuana.

Cannabis has a “cooling” ability

Some studies suggest that cannabis can lower an individual’s body temperature, with researchers explaining that this may be caused based on how THC interacts with the TRPA-1 receptor. This side effect will come in handy for those living in regions with very high temperatures.

However, this cooling phenomenon doesn’t occur in all weed, with experts noting that the use of consumption methods, which heat the product like dabs or bong rips, may activate the body’s cooling response faster.

Too much heat can weaken your weed

Cannabis needs to be stored properly regardless of where you live, especially if you like to buy it in bulk or don’t smoke frequently.

This is because light breaks down and weakens cannabis while heat causes it to mold. Therefore, during summer months, be sure to store your weed in an airtight glass jar in a cool and dark place to retain its potency.

Keep your edibles from melting

Edibles are perfect for any and all occasions. However, they are almost useless when they melt because they break down in high heat. After purchasing edibles this summer, ensure you store them in a safe place and only take out what you want to consume, leaving the rest in a cool place.

If this will not be possible, then you should consider tinctures and flower because they don’t break down easily in extreme heat.

Be careful as you smoke

If you like vaping, then you should ensure that you store your vape in a cool dark place this summer. Overheating your vape may cause the product to weaken, cause leaks or even cause it to malfunction.

It is also important to remember that glass retains heat, so when using a bong to smoke weed, use use it in a cool place instead of in the summer heat. This will help prevent the glass from cracking or even shattering.

Remember to stay hydrated

It is important to remain hydrated in this summer heat so you don’t pass out. If you aren’t big on smoking but would still like to consume marijuana, then you should consider drinking a cannabis beverage. These drinks will not only refresh you but also get you high much quicker.

When unsure about any aspect of your cannabis experience, it is always advisable to contact the supplier, such as Cannabis Strategic Ventures Inc. (OTC: NUGS), directly for guidance and clarification about your concerns.

NOTE TO INVESTORS: The latest news and updates relating to Cannabis Strategic Ventures Inc. (OTC: NUGS) are available in the company’s newsroom at http://cnw.fm/NUGS

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

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420 with CNW — Data Shows Cannabis Flower Still Dominates Markets in Canada, US

Despite the increased prevalence of cannabis-derived products, consumers in America and Canada still overwhelmingly prefer cannabis flower. According to a new study published in the “International Journal of Drug Policy,” cannabis consumers in these two markets mostly consume cannabis flower compared to other cannabis product formulations.

Researchers studied trends in marijuana consumption patterns in the United States and Canada from 2018 to 2020 in what they called “one of the most comprehensive assessments” of marijuana consumption in the either country to date. They acknowledged that both countries had rapidly diversified cannabis markets and noted that user preference was a major determinant of cannabis consumption methods.

Furthermore, they stated that the mode of consumption had major implications in terms of potency, pharmacokinetic effects and consumer-use patterns. Their study recruited respondents aged 16 to 65 from major commercial areas in Canada and the U.S. that had legal recreational cannabis markets as well as those that didn’t.

The respondents were provided with a list of nine types of cannabis products, including dried cannabis flower, concentrates and oils, and asked how many times they consumed the products. They also provided data on consumption amounts and whether or not they mixed tobacco and cannabis.

As previous surveys have found, cannabis flower is still the most popular type of cannabis among consumers in both legal and illegal markets. Even so, the researchers found that other product formulations are gaining popularity in markets where consumers can purchase them legally.

Between 2018 and 2020, cannabis flower, while remaining the most popular product type, saw its use reduced from 81% to 73% in Canada, 78% to 72% in U.S. states with legal markets, and 81% to 72% in illegal American markets.

On the other hand, the researchers found that the use of all other product formulations increased in the past 12 months. Cannabis-infused edibles and vape oils were the most popular cannabis products after flower. Furthermore, legal U.S. states registered the highest use of noncannabis flower products, with men being more likely to report using processed cannabis products. Vape products were the most popular processed products among 26 to 20 year olds.

Interestingly, the researchers found that daily cannabis flower use in all American states and the average size of a joint had increased over time. Previous studies have also revealed that cannabis has gotten more potent over the years.

The study concluded that cannabis flower still remains the king in the American and Canadian markets despite declining use rates in favor of processed cannabis products. You can bet that established cannabis companies such as Prime Harvest Inc. have an eye on the changing consumer trends and are positioning themselves to tap the opportunities presented by those changes.

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

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

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CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Poised for First-Mover Advantage

Flora Growth Corp. (NASDAQ: FLGC) is aggressively pushing its brand and advancing the conversation around cannabis. “In addition, with its able management, Flora is recognizing and capitalizing on opportunities that others are yet to identify, placing it in a unique position that not only gives it a first-mover advantage but also presents a unique opportunity for growth,” a recent article that discusses a research report from Zacks reads. According to the report, 2021 saw Flora’s acquisition of Vessel Brand Inc., a move that allowed the company to establish a foothold in the United States cannabis accessories business while also improving its e-commerce capabilities. “The year would also see the construction of an all-outdoor cultivation and on-site extraction facility in Colombia, one of the largest traditional flower exporters in the world and now able to export cannabis flowers… Through its acquisitions and growing distribution network, Flora was able to post a 450% year-over-year revenue growth for the first quarter of the 2022 financial year. As a result, its management is confident that, for the entire fiscal year, the company will post between $35 million and $45 million in revenue… The company anticipates accelerating revenue growth in 2022 as it activates its Wholesale and Life Sciences growth units while simultaneously fueling expansion in the global House of Brands.”

To view the full article, visit https://cnw.fm/MSkLX

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands delivering the most compelling customer experiences in the world, one community at a time. As the operator of one of the most extensive outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its commercial, house of brands and life sciences divisions. Visit www.FloraGrowth.com or follow @floragrowthcorp on social media for more information.

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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Partners to Propel New, Exciting Growth Opportunities

Lexaria Bioscience Corp. (NASDAQ: LEXX), a global innovator in drug delivery platforms, recently entered into agreements with beverage developer BevNology. “The BevNology collaboration not only includes a commercial license agreement for products with active ingredients derived from hemp under BevNology’s brand but also a manufacturing operating agreement utilizing BevNology’s new, custom-built state-of-the-art processing facility outside Atlanta…. The manufacturing agreement will help Lexaria broaden its production capabilities for its own growing list of B2B clientele interested in purchasing DehydraTECH-powered active ingredients for consumer-packaged-goods brands. Lexaria has already installed all required commercial DehydraTECH manufacturing equipment at the facility,” a recent article reads. “These agreements build on a long-standing and very successful product development consulting relationship between Lexaria and the expert scientists and personnel at BevNology,” Lexaria CEO Chris Bunka stated. “BevNology’s formulation and production capabilities are class leading and we are confident that our new relationship with our trusted partner will propel new and exciting growth opportunities for both companies.”

To view the full article, visit https://cnw.fm/WfeeJ

About Lexaria Bioscience Corp.

Lexaria’s patented drug delivery technology, DehydraTECH(TM), improves the way active pharmaceutical ingredients (“APIs”) enter the bloodstream by promoting more effective 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 25 patents granted and over 50 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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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CannabisNewsBreaks – Prime Harvest Inc. Subsidiary Receives Adult-Use Edibles Sales, Expansion Rights

Prime Harvest, a legal cannabis company focused on tech and parent company to Jaxx Cannabis, has been granted expansion rights of adult-use edibles sales through Jaxx. According to the announcement, Jaxx is Prime Harvest’s flagship retail brand and is driving strong growth for the company, reporting $4 million in sales last year alone. Through Jaxx, which only offers products that are licensed and regulated by California and San Diego County, consumers can order online 24/7 or purchase in a brick-and-mortar retail store and be assured that they are receiving the highest-quality products available. Jaxx offers a diverse array of products selected to create an experience focused and centered on consumers. The company everything from flower, pre-rolls, edibles and topicals to a complete line of accessories, including everything from bowls and spoons to entire starter kits and more. Prime Harvest is working to expand its footprint by investing in the growth and scale of licensed assets combined with fully utilizing the power of data-driven technology. Prime Harvest is focused on ensuring that the communities it serves see their fair share of the benefits of the industry’s growth, including employment opportunities, environmental enrichment and impactful innovation through R&D and education. “We are excited to expand and participate in the adult-use market, and even more than excited to expand our menu to include cannabis infused edibles for both our current medical patients as well as the recreational consumer,” said Prime Harvest founder and CEO Duane Alexander in the press release. “With the systems in place to drive our retail expansion, we are well on our way to execute on our strategically-designed plan for sustainable growth.”

To view the full press release, visit https://cnw.fm/8umfi

About Prime Harvest Inc.

Prime Harvest is a technology-focused, full-service cannabis corporation. The company is horizontally diversified across various segments of the cannabis value chain, including licensing acquisition and compliance management, and statewide direct-to-consumer operations. Based in the innovation hot spot of San Diego, California, Prime Harvest is expanding its footprint throughout the Golden State by executing a long-term strategy of investing in the growth and scale of licensed assets anchored by the power of data-driven technology. Prime Harvest’s flagship retail brand, Jaxx Cannabis, upholds exceptional standards of quality and services and provides a rewarding experience for customers in San Diego and the surrounding Southern California communities. Trust and credibility are at the heart of everything that the team at Prime Harvest stands for. The Prime Harvest team is composed of true experts in their respective fields, carefully assembled with the aim of building a world-class organization that can drive the cannabis industry and movement forward. For more information about the company, visit www.PrimeHarvestInc.com.

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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “Cannabis” to 844-397-5787 (U.S. Mobile Phones Only)

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Lexaria Bioscience Corp. (NASDAQ: LEXX) Offers Best-In Class Solution To Major Issue Affecting A Range Of Critical Drug Applications

  • Researchers have run into the issue of solubility of molecules intended for absorption, ultimately affecting drug effectiveness and inhibiting patient recovery
  • This has forced the exploration of new drug delivery technologies, with Lexaria’s patented DehydraTECH(TM) technology proving to be the most innovative, useful, and effective
  • DehydraTECH(TM) technology has seen application in oral nicotine for reduced risk, antiviral drugs for COVID-19 and other infectious diseases, PDE5 inhibitors, and CBD for hypertension
  • The recent expansion of the Cannadips Brand into Europe, Japan, and South Africa highlights the proliferation of DehydraTECH and a significant growth in its market share, particularly in the CBD space
  • Lexaria is excited about the expansion and anticipates additional growth in its technology’s adoption as time progresses

For a long time, the medical industry has sought ways to improve patient health by enhancing the delivery of therapeutic drugs to target sites. An especially critical problem researchers in this sector have encountered is the limited solubility of the molecules intended for absorption. 

It is estimated that approximately 90% of preclinical drug candidates are low-solubility compounds. This presents a challenge regarding the compounds’ bioavailability and effectiveness of the drugs. The problem has led researchers to explore various drug delivery technologies, some of which have shown promise while others have failed (https://cnw.fm/1IiSL). 

Lexaria Bioscience (NASDAQ: LEXX) has come forth with what they are confident is the best solution, their patented DehydraTECH(TM) technology. It has been regarded as one of the most innovative drug delivery technologies in years, proving useful in delivering a wide range of active pharmaceutical ingredients in a more palatable and effective way. In addition, studies repeatedly demonstrated the ability to increase bio-absorption with cannabinoids and nicotine by 5-10x and, in some instances with cannabinoids by as much as 27x compared to standard industry formulations, a benefit that opens significant possibilities for important drug delivery.

DehydraTECH application areas tested so far include CBD for hypertension, oral nicotine for reduced risk, antiviral drugs for COVID-19 and other infectious diseases and PDE5 inhibitors. A new sector showing promise is the CBD industry, valued at $4.1 billion in 2022 and projected to hit $111.8 billion by 2030 (https://cnw.fm/6pXty). 

DehydraTECH’s application in the cannabis sector is seeing a boom, particularly with the recent expansion of Boldt Runners Corporation, a DehydraTECH licensee, into Europe, Japan, and South Africa (https://cnw.fm/S0Y49).

Boldt Runners Corporation owns the Cannadips Brand, whose Cannadips CBD dip pouch is the leading CBD pouch brand in the United States. As a tobacco-free, nicotine-free dip alternative, this product offers an effective way to get the benefits of CBD by leveraging Lexaria’s DehydraTECH delivery technology. The product is sold in over 6,500 stores across the United States, and its expansion beyond the country is a major step, not just for Boldt Runners but also for Lexaria.

As Lexaria’s list of licensees continues to grow, more consumers will benefit from the DehydraTECH technology. The company is confident that, as the adoption of this technology grows, it will not only help its partners offer clients superior performance and experiences, but also ramp up shareholder value. 

“Lexaria’s technology is enabling increased market share and sales growth for our continually growing list of corporate clients,” noted Chris Bunka, Lexaria’s Chief Executive Officer (“CEO”).

“We are delighted to help these innovators of today and leaders of tomorrow offer their clients superior performance and experiences that competitors simply cannot match, and we are highly anticipatory of additional growth to come,” he added.

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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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420 with CNW — VA Clarifies That Veterans Working in Cannabis Industry Can Apply for Home Loans

Although dozens of states have now legalized medical cannabis and studies have found that cannabis can be quite effective at treating issues such as and post-traumatic stress disorder, veterans often struggle to access cannabis. Furthermore, military veterans who work in state-legal cannabis industries often lack the benefits and protections from the U.S. Department of Veteran Affairs that veterans outside the industry enjoy because cannabis is still illegal at the federal level.

In a move that is sure to be met with praise from veterans, cannabis reform activists and industry stakeholders, the VA has clarified that veterans who work in the cannabis industry are eligible for home loans. However, the department noted that while vets who now draw their income from state-legal cannabis businesses can apply for home loans, some prospective lenders may not be willing to issue them loans. Such lenders see the instability caused by marijuana’s federal status as a Schedule I drug and they may not want to run the risk of veterans in the industry defaulting on their loans.

Even so, the VA stressed in a recent memo that since hemp is federally legal under the 2018 Farm Bill, veterans who work with hemp and hemp products should not be discriminated against when applying for home loans via the department’s benefits program. Ideally, this should cover veterans who work in the CBD industry as most of the cannabidiol on the market is derived from hemp, a nonpsychoactive type of cannabis.

The VA stressed that veterans who earn a living in the marijuana industry cannot be barred from obtaining a certificate of eligibility. This is a document that confirms a veteran’s eligibility for a Veteran Affair’s guaranteed loan.

The memo did note that the current federal ban on marijuana may make it difficult for lenders to establish if the income derived from cannabis businesses is stable and reliable enough to pay a home loan. As a result, the memo stated, such lenders may be uncomfortable relying on marijuana-derived income when they underwrite VA-guaranteed loans.

On the other hand, veterans who are involved in the retail sale of hemp fabric and cannabis-related products that are federally compliant would not run into the same issues when seeking home loans.

This is not the first time the VA has raised the issue of home-loan eligibility for veterans working in the cannabis industry. For example, in 2020, the department issued a report stating that drawing income from state-legal cannabis did not render a veteran ineligible for VA benefits.

As these inconsistencies are addressed one by one, more people will reap the benefits of being in jurisdictions where entities such as Flora Growth Corp. (NASDAQ: FLGC) are allowed to operate and make a difference in the community.

NOTE TO INVESTORS: The latest news and updates relating to Flora Growth Corp. (NASDAQ: FLGC) are available in the company’s newsroom at https://cnw.fm/FLGC

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — California Wants Standardized THC Testing to Prevent Lab Shopping

America’s cannabis industry may be insanely lucrative, but it desperately lacks standardized regulations. Each state with a legal cannabis market has its own marijuana policies, leading to a patchwork of regulations across the country. And even within individual states, there tends to be little standardized regulation. In California, which is home to the largest cannabis market in the country, this manifests as THC “laboratory shopping.”

This term refers to cannabis companies that shop around for laboratories which are more likely to show that their products have higher THC concentrations to make them more popular. State cannabis regulators in California are now looking for public input on proposed rules that would finally create standardized marijuana testing techniques.

Regulators say that they are aware the insane demand for cannabis may cause some businesses to shop around for labs that use testing methodologies that are more likely to show higher concentrations of THC. Ideally, standardized testing methods would ensure different testing facilities use the same standard methodologies when running tests on cannabis products.

As such, the California Department of Cannabis Control (DCC) has announced that it is beginning the rulemaking process that would result in the development of standardized testing practices for every licensed laboratory in the state. Speaking in a press release, DCC director Nicole Elliot said that since individual labs leverage different testing methods, they may produce inaccurate data and inconsistent results on the cannabinoid content in cannabis products.

Elliot said that the department is working to provide standard testing procedures to ensure there is integrity in the cannabis market as well as accurate data on cannabinoid and terpene content for the consumers; these guidelines would undoubtedly boost confidence among industry stakeholders. As per the proposed Senate Bill 544, the DCC will be required to establish standardized methods for testing cannabinoids by the end of this year.

By requiring that cannabis testing laboratories only use testing standards provided by the DCC, Elliot says the department will protect public health by providing consumers with consistently accurate information about the contents of the cannabis products they consume. Aside from testing for cannabinoid and terpene levels, these tests are also crucial to ensuring that cannabis products on the shelves aren’t contaminated with pesticides, mold, heavy metals and residual solvents.

The DCC will accept public comments on the proposed cannabis testing regulations until Aug. 2, 2022. Furthermore, the department will hold a public hearing for individuals who would like to offer in-person testimonies on Aug. 1, 2022.

The efforts being made to close any regulatory loopholes that some sector actors have been exploiting will level the field for all licensed companies, including American Cannabis Partners, so that all play by the same rules with no one company enjoying an unfair market advantage.

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

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW420? Ask our Editor

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http://www.CNW420.com
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CNW420 is part of the InvestorBrandNetwork.