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 – Flora Growth Corp. (NASDAQ: FLGC) to Host CBD and the Global Market Webinar

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products, has announced that it will hold a webinar today, Feb.11, at 1:00 p.m. ET. The CBD and the Global Market webinar will be the first of the company’s “State of Play” series. During the webinar, Flora CEO Luis Merchan will explore the opportunities and challenges that lie ahead for the CBD industry in North America, Latin America and the EU. Interested parties should visit https://cnw.fm/tSRGL and, upon registration, can submit questions in advance of the event.

To view the full press release, visit https://cnw.fm/LqF2l

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 largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. Visit www.FloraGrowth.ca or follow @floragrowthcorp on social 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 21000 (U.S. Mobile Phones Only)

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420 with CNW — Schumer Expects to File Cannabis Legalization Bill in April

New York’s Senator and Senate Majority Leader Chuck Schumer is pushing to legalize marijuana on a federal level. In a Friday press conference, the Democratic lawmaker announced that he aims to introduce the cannabis legalization bill in April.

The meeting took place on the same day that the House of Representatives passed the COMPETES act, which contained the Secure and Fair Enforcement (“SAFE”) Banking Act. Through the SAFE Banking Act, cannabis businesses would access services from banking institutions just like any other business.

The Friday press meeting was also attended by advocacy groups, organizations and other lawmakers. Lawmakers present included the democratic congressman Jerrold Nadler and Senator Diane Savino.

Schumer is seeking to reform marijuana’s federal legislation through the Cannabis Administration & Opportunity Act (“CAOA”). He said the bill would serve as a framework for the country in implementing law amendments that are focused on maintaining social equity.

The contents of the CAOA Act were unveiled for the first time in July. The bill’s advocates were excited with the information but became impatient with the inactions taken in the months that followed. The bill now has a targeted timeline, and the lawmaker told activists in another meeting that he expects committee hearings to take place after the bill is finally filed.

Schumer’s office has also been involved in taking part in the passing of the SAFE Banking Act. Last year, he was criticized for blocking the banking bill until his office had discussions with the bill’s sponsor, Colorado’s representative Ed Perlmutter.

The Senate leader said that his CAOA reform bill would work in favor of small operators and restrict larger companies from operating the cannabis economy once federal prohibition is lifted. Schumer also mentioned that while they had not received endorsement from the president, they were “talking” to him about the issue.

At the same press conference, Rep. Jerrold Nadler (D-NY) talked about ending marijuana’s federal prohibition through his Marijuana Opportunity, Reinvestment and Expungement (“MORE”) Act. The bill seeks to promote social equity to end the destructive policies that have greatly affected people of color. Congresswoman Nydia Velazquez was also present at the event and talked about the significance of lifting the federal prohibition and providing resources to cannabis businesses through the Small Business Administration (“SBA”).

Public opinion on marijuana has dramatically shifted over the years. With more than two in three Americans supporting legalization of marijuana, Velazquez calls for action from the federal government to align federal policy with the people’s needs.

The marijuana industry, including companies such as Cannabis Strategic Ventures Inc. (OTC: NUGS), can only wait with bated breath to see what comes of this new attempt to end federal marijuana prohibition.

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.

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420 with CNW — Cannabis Banking Bill Sponsor Talking with Senate Leadership About Equity Amendments

Rep. Ed Perlmutter, who sponsored the Secure and Fair Enforcement (“SAFE”) Banking Act, revealed last week that he’d been having discussions with Senate leadership about altering his bill to place more focus on equity issues.

Perlmutter said this shortly before the House passed the SAFE Banking Act for the sixth time. The act was attached to the America COMPETES Act, a large-scale manufacturing and innovation legislation. During the press briefing, the congressman stated that he’d initiated discussions with Sen. Cory Booker’s and Sen. Chuck Schumer’s offices, in addition to having discussions with House Speaker Nancy Pelosi.

Perlmutter explained that the time had come to pass a bill that rationalized banking, noting that any research elements, tax reforms or criminal justice reforms were all bonuses which needed to be viewed in a positive light. In addition to this, he mentioned that the discussions had begun before the House passed the banking measure when it was attached to the National Defense Authorization Act, noting that the conversations didn’t produce results in time as the banking language was excluded after bicameral negotiations.

The Senate already approved its related version of this new innovation legislation, which doesn’t contain the marijuana banking language but focuses on competing with the People’s Republic of China on trade.

Schumer, who is the Senate Majority Leader, recently stated that he was open to advancing the banking legislation if some amendments that further promoted equity were added. Perlmutter revealed that while he was open to making amendments, adding too many new equity provisions would alter the bipartisan measure too much, which could prompt Republican members such as Patrick McHenry, the House Financial Services Committee Ranking Member, to oppose the bill’s passage. This, he said, would reduce support for the bill from that side of the aisle.

When asked about whether he’d spoken to the House Speaker about advocating to keep the banking language attached to the America COMPETES Act in bicameral conference, Perlmutter stated that he had and was confident that she would do so.

Rep. Dave Joyce stated that there was agreement in passing bipartisan marijuana reforms such as the SAFE Banking Act, as well as a separate initiative he was sponsoring with Rep. Alexandria Ocasio-Cortez, which would incentivize states to expunge cannabis records.

Many legislators, in particular Republicans, are puzzled at why Democrats haven’t succeeded in passing this modest banking legislation, despite having control of the White House and being the majority in both chambers. The entire cannabis industry, including companies such as Flora Growth Corp (NASDAQ: FLGC), looks forward to the passing of legislation, which will end the federal prohibition of marijuana or at least allow the industry to access banking services like any other sector of the economy.

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.

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

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CannabisNewsBreaks – O’Cannabiz International Event Returns to Toronto in June

The O’Cannabiz International Awards, Conference and Expo presented by ND Supplies is heading back to Toronto this year; the three-day event is scheduled for June 1–3, 2022. The event has built a reputation for providing a high-level lineup of exhibitors, speakers and conference topics designed to cover innovative and informative research and the latest in technology. The event also offers invaluable networking opportunities that enable conference participants to rub shoulders with cannabis industry professionals and experts from around the world. This year’s event will also feature new core elements with educational programming delivered on three separate stages. Topics covered will include policy and regulations, advertising and branding, cannabis science, recreational trends, and more. In addition, this year’s event will include a new retail summit exclusively dedicated to the point-of-sale side of the cannabis industry. Event attendees may also choose to experience a one-day psychedelic summit. “After over a year of figuring out the ‘new normal,’ and careful planning, we are thrilled to be having the O’Cannabiz International Awards, Conference and Expo make its return to Toronto,” said O’Cannabiz CEO Danya Dixon in the press release. “We are really excited to bring the cannabis community back together and have everyone experience O’Cannabiz as we have envisioned.”

To attend the event, visit https://cnw.fm/WGGSe

To view the full press release, visit https://cnw.fm/uZ0TV

About O’Cannabiz Conference & Expo

Voted the no. 1 cannabis event in Canada by “High! Canada” magazine, O’Cannabiz is known for its ability to showcase and promote the people, businesses and brands that are making a difference as cannabis continues its path toward global acceptance. Many of these visionaries will be celebrated during the second annual O’Cannabiz Industry Awards Gala, slated for the evening of June 1, 2022. The producers of O’Cannabiz have decades of experience producing national profile events and creating global connections between business communities in the arts, broadcasting, media, and technology. They have organized trade summit initiatives with governments around the world and have worked closely with sponsors at all levels of the Canadian government. For more information, visit www.OCannabiz.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 21000 (U.S. Mobile Phones Only)

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

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420 with CNW — Mississippi Governor Signs Medical Cannabis Bill into Law

Last week, Mississippi became the 37th U.S. state to legalize the use of medical marijuana. Gov. Tate Reeves signed the bill into law stating that it would provide medical marijuana to individuals who “could do significantly better” with prescribed doses. According to the National Conference of State Legislatures (“NCSL”), the state joins 36 states and territories including Puerto Rico, the District of Columbia, the Virgin Islands and Guam, where the use of medical marijuana is legal.

The Republican governor mentioned through a statement that a recreational program would not only lead to an increase in users but also reduce performance and bring about societal ills.

This new legislation will see patients diagnosed with AIDS, cancer, autism, Parkinson’s disease, Crohn’s disease and more become eligible to buy medical marijuana with a card. The card will be obtained from the state’s Department of Health after an in-person examination from a qualified health-care worker.

The law will allow patients to receive at most six units per week and 24 units in 30 days. The law describes one unit as either 100mg of THC in an infused product, 3.5g of medical cannabis or 1g of medical cannabis concentrate. Employers, landlords and schools cannot discriminate against card holders under the law. Moreover, it restricts dispensaries from being situated within 1,000 feet of any churches, schools or child-care facilities without a waiver.

The law specifies that plants must be cultivated indoors under restrictive conditions. Taxes have been set on cannabis production and sales while also denying the state the ability to provide any incentive for economic development to cannabis businesses. The legislation will allow counties and cities to opt out in allowing any facilities from growing or selling medical marijuana.

An earlier drafted bill had set the purchase limit to 28 grams each month. However, it was struck down in November 2020 by Mississippi’s Supreme Court. Reeves has described the legislation as being imperfect. However, he sees that its restrictiveness will reduce the number of marijuana blunts in the streets by “hundreds of millions.”

One of the groups that pushed for marijuana’s legalization is the Mississippi Medical Marijuana Association. The association’s executive director, Ken Newburger, said that the laws would improve the quality of life of individuals who would gain the benefits of medical cannabis.

The bill has been tracked down by NORML, which has said that it was long overdue. Jax James, the organization’s state policies manager, says that the law had received overwhelming support from voters over the years. He says that for the last 14 months the people’s wish has been denied.

The signing of this bill into law is likely to trigger a flurry of new economic activity, including the attraction of new and existing marijuana companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) that are working to meet the growing needs of patients in Mississippi.

NOTE TO INVESTORS: The latest news and updates relating to Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) are available in the company’s newsroom at https://cnw.fm/RWBYF

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 — New VA Website Seeks to Normalize Conversations Around Marijuana Research

A new website is being launched by the U.S. Department of Veteran Affairs (“VA”) with the aim of normalizing conversations around cannabis research. The department’s Portland Branch is partnering with Oregon Health & Science University (“OHSU”) to support healthcare service providers with the latest research on marijuana.

Many VA doctors are reluctant to talk to their patients about the use of cannabis for treatment because of the drug’s federal prohibition: federal law allows VA doctors to talk to their patients about cannabis, but they are not allowed to offer any recommendations. Together with the university’s Center for Evidence-based Policy, the Portland branch launched the Systematically Testing the Evidence on Marijuana (“STEM”) initiative last month. The STEM website would address doctors’ concerns by familiarizing them with marijuana’s health effects.

OHSU professor Devan Kansagara said the reason why providers cannot make recommendations about treatment is because of a lack of evidence of the health effects as well as a lack of understanding of the terminology and functional issues of cannabis. Through a press release, the professor who is also a staff physician, said that the site would make it normal for providers to discuss cannabis with their patients the same way they talk about alcohol use.

The site will contain published information around cannabis studies, including those whose research is currently ongoing; the site will also provide additional resources for the health practitioners. These resources include “living reviews” when cannabis is used for chronic pain, PTSD and interventions for cannabis use disorder as well as information on clinical trials, policies and specific related news. The website has already featured one study that indicates the effectiveness of cannabis compounds in preventing COVID-19 infections.

The content on the STEM website targets health-care workers and does not take any stance on the integration of cannabis into treatment. In its future developments, the website looks to include content tailored to patients as well.

The Department of Veteran Affairs has had a long history of resisting legislation from Congress that seeks to promote marijuana research for veterans. Department officials argue that some of the proposals are redundant and prescriptive. However, this might change through proposals that call for modest reforms.

A VA researcher recognized in December that marijuana helps people who suffer from PTSD experience lesser symptoms and  a quicker recovery. In September, another official said that the agency was monitoring research on the benefits of psychedelics for military veterans suffering from PTSD.

VA Secretary Denis McDonogh talked of an internal policy during a Q&A session on Veterans Day. He made the revelations after hearing stories from veterans who had found relief in the treatment. The secretary has said that he is in discussions on the matter with the Department of Justice as well as the White House.

The fact that agencies such as the Department of Veterans Affairs are beginning to warm up to the therapeutic potential of cannabis bodes well for the future of sector players such as American Cannabis Partners because federal prohibition may end much sooner than previously thought.

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

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CannabisNewsBreaks – VPR Brands LP (VPRB) Unveils New Dissim Sport and Dissim Slim Lighters to ‘Best Focus Group’ for Pre-Launch Reaction

VPR Brands (OTC: VPRB) recently debuted its new Dissim Sport and Dissim Slim Line Lighters at the 2022 TPE Tobacco Plus Expo, held in Las Vegas from Jan. 26-28, 2022, and the Champs Trade Show on Feb. 2-5, 2022, at the Las Vegas Convention Center. According to the update, the Slim and Sport line within the Dissim family of lighters will launch with an opening price point between $8-$28 MSRP respectively and are expected to bring a new audience and open new distribution channels. “I personally attended TPE this year so I could interact with the distributors firsthand and gauge their reaction by actually letting these experienced industry insiders touch and use our product, which is the best focus group you could hope for pre-launch,” said Dan Hoff, COO of VPR Brands. “The level of excitement and encouragement from these key industry professionals on the finished product and pricing was motivating and reaffirmed our eagerness to get these new lighters into the market as planned.”

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

About VPR Brands LP

VPR Brands develops consumer and business products based on the newest cutting-edge technologies and whose assets include an issued U.S. patent for atomization-related products, including technology for medical marijuana vaporizers and electronic cigarette products and components. The company is also engaged in product development for the vapor or vaping market, including e-liquids, vaporizers and electronic cigarettes (also known as e-cigarettes), which are devices that deliver nicotine and or cannabis through atomization or vaping and without smoke and other chemical constituents typically found in traditional products. For more information about the company, visit www.VPRBrands.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 21000 (U.S. Mobile Phones Only)

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

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420 with CNW — Schumer Updates Advocates About Cannabis Banking and Federal Cannabis Legalization

Last week, Senate Majority Leader Chuck Schumer discussed social equity issues during a meeting with a number of cannabis advocacy and reform groups. Schumer is preparing to introduce the Cannabis Administration and Opportunity Act later this year.

In an interview, activists who were part of the Zoom meeting stated that the Senate Majority Leader wasn’t clear on when he would be filing his marijuana legalization measure, only noting that he would do it soon. The implementation of the adult-use cannabis program in New York, immigration issues associated with marijuana and cannabis banking were also discussed during the meeting.

Representatives of VOCAL-NY, Women Grow, Immigrant Defense Project, Cannabis Regulators of Color Coalition, the Drug Policy Alliance and the Rochester NORML chapter took part in the discussion.

Schumer also revealed during the meeting that he’d received criticism from advocates about how long it had taken to file his legalization measure. He noted that both he and his colleagues at the Senate felt that it was important to make sure that equity was effectively integrated into the measure before the committee processes begun.

Last year, the Senate Majority Leader observed that he wanted to keep major players in the tobacco and alcohol industries out of the cannabis industry, in favor of creating opportunities for smaller businesses when the plant was federally legalized. His soon-to-be filed legislation is designed to ensure that these big companies don’t overtake the industry.

The director of National Affairs for the Drug Policy Alliance stated in an interview that Schumer made it clear in the meeting that he understood that social equity needed to be a crucial and intentional part of any cannabis measure that was advanced in Congress. She also pointed out that her organization looked forward to working with Schumer’s office on a comprehensive cannabis initiative that would offer restitution to communities and individuals who were severely impacted by cannabis prohibition.

Cannabis Regulators of Color Coalition vice chair Shaleen Title stated that the Senator had consistently stood with minority-owned businesses as well as small businesses, adding that they were glad to share lessons for how Congress could help ensure that communities which had been affected by the war on drugs could thrive.

During the meeting, Schumer also recognized that until federal prohibition on marijuana was lifted, the system wouldn’t be thoroughly equitable in states such as New York where regulators were working to implement an adult-use cannabis market.

When federal cannabis legalization finally happens, the marijuana industry, including companies such as Flora Growth Corp. (NASDAQ: FLGC), will breathe a collective sigh of relief since some of the hurdles they face will have been removed.

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.

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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420 with CNW — NFL Authorizes Grants Worth $1M for Studies on Marijuana and Pain Management

Last week, the NFL announced that it had issued grants worth $1 million for research studies. The studies would look into the effectiveness of using marijuana and its components in pain management and offering neuroprotection from concussions among NFL players. Out of 100 applicants, the commission selected the University of California San Diego and University of Regina, which is located in Canada.

This is the league’s attempt to provide its players with quality care that is up-to date with the medical standards of health and safety. Allen Sills, the league’s chief medical officer, said this opportunity would provide its players with scientifically backed information on how the use of cannabinoids would impact their performance.

Researcher Kevin Hill told the Associated Press that the reason why there is a limited body of research on marijuana’s potential use for pain management is because it is a federally controlled substance. Hill said that industry stakeholders do not want to back similar research because of the wide availability and consumption of cannabis products.

Funding for the research was first previewed in June 2021 after a growing interest among stakeholders and players who were looking for an alternative to opioids as well as exploring the benefits of using cannabis for therapeutic purposes.

Mark Wallace from UC San Diego Health was excited that his team would be working with the professional players to shed further light on how cannabis is useful in pain management.

This research initiative is expected to take three years with the key areas of focus being the effects of cannabinoids in pain management, the effects of nonpharmacologic treatments and the effects of cannabis on athletic performance.

Professor Patrick Neary from the University of Regina said that the core of his research will be on the prevention and treatment of concussions. He believes that formulations found in medical cannabis can be useful to athletes who have acute and long-term chronic effects of concussions.

In 2020 after a collective bargaining agreement, the league increased the threshold of what makes a positive THC test. Moreover, NFL players would get fined instead of facing suspensions after the drug tests came back positive. However, there is no guarantee that the findings from the research would help in revising the league’s policy on banning players who use the drugs.

Recently, other sport leagues have been revising their drug-testing policies. Last year, the NBA announced that it would not subject its players to THC tests. However, they would look out for cases where players have a history of substance use. The MLB removed marijuana from its list of banned substances in 2019. Despite this, baseball players are not allowed to work while under the influence or receive sponsorship contracts from cannabis businesses.

Meanwhile, the World Anti-Doping Agency will conduct a scientific review of marijuana this year in order to determine whether its athletes can remain internationally banned from using cannabis.

Such studies are likely to add to the existing body of knowledge regarding the potential health effects of the marijuana products made by various companies such as Cannabis Strategic Ventures Inc. (OTC: NUGS).

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

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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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CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Reaches ‘Major Milestone,’ Closes on Acquisition

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, through its wholly owned subsidiary RWB Michigan LLC, has closed on the acquisition of PharmaCo Inc. The acquisition, which was originally announced in 2020, brings an extensive list of assets to RWBYF, including 21 medical and adult-use cannabis licenses, eight fully operating dispensaries with five dually licensed, two operational indoor cultivation facilities totaling more than 30,000 square feet, one municipally licensed 10-acre outdoor cultivation facility ready for the 2022 season, two ready-to-open dispensaries, and22 owned properties for potential additional cultivation and dispensary locations. With the acquisition, Red White & Bloom also becomes fully licensed and integrated from seed-to-sale for medical and adult-use cannabis in one of the top markets in the country; Michigan reported an estimated $1.79 billion in cannabis sales last year. “I’m pleased to announce that we have closed on the PharmaCo acquisition and now control all aspects of our Michigan operations,” said Red White & Bloom chair and CEO Brad Rogers in the press release. “This is a major milestone for RWB and its shareholders as we continue to execute key components of our growth strategy and build our house of brands across our core markets, as promised. We are now in the driver’s seat on over 20 assets across Michigan — one of the largest and fastest growing cannabis markets in the country. . . . As we take full control of our Michigan operations from seed- to-sale, our anticipated 2022 initiatives include extending our branded product lines, updating our dispensaries to heighten the customer experience, creating supply chain efficiencies and growing revenue and profitability.”

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

About Red White & Bloom Brands Inc.

Red White & Bloom Brands is positioning itself to be one of the top-three multistate cannabis operators active in the U.S. legal cannabis and hemp sectors. RWB is predominantly focusing its investments on major U.S. markets, including Michigan, Illinois, Massachusetts, California and Arizona with respect to cannabis, as well as the United States and internationally for hemp-based CBD products. For more information about the company, please visit www.RedWhiteBloom.com. 

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

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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.

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