Category: CannabisNewsWire Release

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

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 didn’t smoke. The demand for gummies at dispensaries in the state is particularly high, which has led many businesses to boost production.

For marijuana to be turned to edibles, it must undergo an extraction process. One extraction facility, urbanXtracts, starts by putting the plant through various machines and filters the extract THC from the plant. THC is one of the two primary compounds found in marijuana, the other being CBD. Unlike CBD, however, THC induces a high when ingested.

End products of this process include concentrates such as the distillate, which winds up in vape cartridges and rosin, which can be smoked. Jonathan DeMart, urbanXtracks’ VP of operations, revealed that the distillate process removes any smells or flavors that could influence how a consumer interacted with edibles.

Before THC is added to an edible mixture, other ingredients such as pectin and sugar are mixed together then heated for about 30 minutes, and then the distillate is added. The introduction of THC makes the mixture psychoactive. Coloring and flavoring is then added before the mixture is poured into molds that hold it until it cools. Once the edibles have cooled, they are then coated in sugar, which can be sour or sweet, after which they are packed, weighed and sealed in the assembly line.

Burch points out that edibles induce a high that lasts a bit longer than the normal high one can obtain from smoking.

Other businesses such as Soft Power Sweets prefer that the process for making edibles be performed by people. The company was one of the first to introduce marijuana chocolates in the state. Its operations are handled by a trio of employees, including a chocolatier and a chocolate machine that helps infuse caramel in the chocolates with THC. Chocolatier Shana Napoli, revealed that the company focused on making delicious flavors.

Soft Power Sweets usually begins with mixing the THC with hot caramel, after which the caramel is poured into molds to set and left to cool overnight. Once this is complete, the caramels are then dipped in chocolate and garnished with a mixture of green cocoa butter and white chocolate then wrapped and packaged — all by hand.

As the innovations of marijuana companies pay off, there will be a trickle-down effect that could see ancillary businesses such as Advanced Container Technologies Inc. (OTC: ACTX) making more sales as marijuana growers move to ramp up their operations to meet the accelerating consumer demand.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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 — Illicit Marijuana Worsens Water Crisis in California

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 wells. The issue has been made worse by years of intermittent drought in the state. John Nores, the former head of the California Department of Fish and Wildlife Marijuana Enforcement Team, described the quantity of water stolen by the illegal marijuana sector as “mind-blowing.”

Nores estimates that it takes a typical marijuana plant 90 to 275 days to mature, and the plant needs up to five gallons of water every day. That’s a lot of water when you consider that some illegal businesses are growing 2,000 to 5,000 plants on average.

Criminals profit from stealing water all across the world, not only in California. A similar course of action also destroyed lagoons in national parks in Spain and put Chilean farmers in danger of going bankrupt. In Brazil, illegal water theft even resulted in the capture of a former mayor.

Nores claimed to have witnessed illegal well drilling and other blatant water theft in northern California’s Siskiyou County, where illegal marijuana cultivation has long been prevalent and drought conditions are among the worst in the state.

As a result, it’s becoming even more difficult for cattle ranchers and hay growers, many of whom have been forced to liquidate their assets or close their doors entirely, said Ryan Walker, a rancher and the head of the Siskiyou County Farm Bureau. Nevada County, which is situated north of Lake Tahoe, is also facing the same issue.

Adnan Anabtawi, general manager of the Mojave Water Agency, recalled that in 2021 at the height of the cannabis water theft issue, authorities predicted an annual loss of up to 4,000 acre-feet of water due to reports of supplies being trucked in or groundwater being forcibly withdrawn from the basin. To put that in context, an acre-foot is approximately 326,000 gallons, which is enough water to immerse an entire football pitch at least a foot into the ground.

According to those who are monitoring the activities, Californian communities have made strides in combating water theft, and the situation has lately improved. However, it’s a challenge that the state will likely continue to face, and it might put the marijuana sector at odds with other industries and crops vying for the state’s meager water supplies.

As the water crisis worsens, licensed growers may need to explore a variety of cultivation techniques, such as indoor microgardens commercialized by companies such as Advanced Container Technologies Inc. (OTC: ACTX), to maximize the value that they obtain from the limited water resources currently available.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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

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.

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

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 industry forward. The event will be held at the expansive Metro Toronto Convention Centre from June 1-3, 2023 (https://cnw.fm/O2sD5).

The organizer, Lift Events & Experiences, has curated Lift Toronto 2023 to lift the cannabis industry and community from day one. The event will kick off with the Lift Cannabis Business Conference (“LCBC”), a strategy-focused, advocacy-oriented business and community leadership forum. The LCBC will focus on conversations that drive the industry’s momentum forward, as well as help players overcome systemic challenges and advance innovative business and regulatory solutions that will generate meaningful change and sustainable growth in Canada’s cannabis industry.

The conversations will be spearheaded by an outstanding roster of speakers who will share insights during planned keynote presentations and panel discussions, with each session “carefully curated to energize, inspire, educate, and motivate all our audiences from across the entire cannabis community,” according to Barry Smith, Canadian Content Director at Lift Events & Experiences (https://cnw.fm/35eSY).

The keynote presentation delivered by David Lobo, President & CEO, Ontario Cannabis Store, will look at the entirety of Canada’s cannabis industry, providing a review and updates on its priorities and progress. Next, the CEOs Perspective, will feature Niel Marotta, CEO & Founder, INDIVA; David Schwede, CEO, Heritage Cannabis; Marcie Kiziak, CEO, Nova Cannabis; and John Fowler, CEO, Muskoka Grown & Dank Craft, sharing insights based on their perspectives as leaders in the space. Specifically, they will discuss consumers’ wants, competitive strategy, growing moratoriums and market restraints, and building cannabis brands. 

And what about the international markets? The conference agenda will unpack that topic with a dedicated international review session. Other themes and topics on the agenda include business funding; extracts, concentrates, and processing; cannabis marketing; and cannabis retailing (https://cnw.fm/CSmZZ). 

The second and third day, June 2 & 3, are expo days geared toward enabling hundreds of exhibiting companies, drawn from across the entire cannabis ecosystem, to interact with consumers as well as growers, licensed producers, retailers, budtenders, brands, and investors. Plus, the expo days will provide excellent networking opportunities, with designated networking areas, both indoors and outdoors. Attendees can also expect Lift’s signature surprises and uplifting moments, live music, and cameo appearances, culminating in an official after party on the evening of Saturday, June 3.

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

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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CannabisNewsWire is part of the InvestorBrandNetwork.

Lexaria Bioscience Corp. (NASDAQ: LEXX) Kicks Off FDA IND Filing Process with Granted CRO Contract to California-Based InClin, Inc.

  • Lexaria just awarded InClin, Inc. the contract for CRO services, in a move that lines up with the company’s upcoming FDA-registered, U.S. Phase 1b IND hypertension study, HYPER-H23-1
  • InClin will manage the study in the form of clinical site evaluation and selection, project management, personnel, site training, and more
  • Patient dosing is set to kick off as soon as possible once the expected FDA IND filing and review is completed, which Lexaria hopes will be done this summer
  • HYPER-H23-1 will be Lexaria’s most ambitious study yet, and upon its completion, it will move the company closer to FDA approval of its patented DehydraTECH(TM)-processed CBD

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, just announced the awarding of the contract for clinical research organization (“CRO”) services to California-based InClin, Inc. This move is in line with the company’s upcoming Food and Drug Administration (“FDA”)-registered, U.S. Phase 1b Investigational New Drug (“IND”) hypertension study, HYPER-H23-1 that will explore the potential of its patented DehydraTECH(TM)-processed cannabidiol (“DehydraTECH-CBD”) for the treatment of hypertension (https://cnw.fm/8WGqS).

The study will build on five previous Lexaria studies dating back to 2018, which were each successful, evidencing significant reductions in resting blood pressure over acute and multi-week dosing regimens on 134 healthy and hypertensive persons. The studies also showed that DehydraTECH-CBD produced zero serious adverse events, highlighting its potential to have pronounced clinical benefits relative to available anti-hypertensive therapeutics. The uniqueness of this product is further evidenced by its superior ability to reduce blood pressure over other oral CBD formulations currently in the market.

InClin will help with the study in the form of clinical site evaluation and selection, project management, personnel, site training, clinical database design and management, and quality assurance support. It will also be responsible for medical writing, study documentation creation, biostatistics and programming, support vendor coordination, Independent Review Board (“IRB”) submissions, and more. Study start-up is about to begin, with patient dosing set to kick off as soon as the expected FDA IND filing and review is completed, which Lexaria hopes will be done this summer. Upon the filing, Lexaria hopes for FDA authorization within about 60 days, after which the Phase 1(b) trial aggressively targeting the commencement of patient dosing will kick off.

HYPER-H23-1, titled “A Phase 1b Randomized, Double-Blind, Placebo-Controlled Study of the Safety, Pharmacokinetics, and Pharmacodynamics of DehydraTECH-CBD in Subjects with Stage 1 or Stage 2 Hypertension,” will be Lexaria’s most ambitious study yet. Its primary objective will be to evaluate safety and tolerability in up to 120 hypertensive patients, with secondary objectives including efficacy evaluation in reducing blood pressure together with detailed pharmacokinetic testing. Its successful completion will inch Lexaria closer to FDA approval of its DehydraTECH-CBD. But, more importantly, it will stamp Lexaria’s position as a leader in its space, having come up with a product that achieves a sustained decrease in resting blood pressure following multiple weeks of oral CBD dosing.

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

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

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CannabisNewsWire is part of the InvestorBrandNetwork.

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

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 issues associated with this compound, highlighting that CBD products were still unregulated and could contain THC that can be detectable using a drug test.

It should be noted that the agency isn’t forbidding its workers from using CBD products derived from hemp, because the substance was legalized federally following the 2018 Farm Bill’s approval. However, the agency does strongly urge its agents to abstain from their use as a form of precaution.

In its advisory, the agency stated that its drug-free workplace plan mandated drug testing, which applied to all federal civilian employees. A positive drug test may result in disciplinary action and in extreme cases, removal from service. The advisory also observed that while some states had legalized the use of cannabis, THC and marijuana were still prohibited substances federally.

Currently, marijuana is classified as a Schedule I substances under the Controlled Substances Act. This is despite the fact that the recreational use of marijuana is legal in 22 states and Washington, D.C., while the medical use of the drug is legal in 38 states and the nation’s capital.

The federal agency elaborated on the warning, giving examples of research showing CBD products were sometimes mislabeled.

Given that the FDA is yet to establish regulations for these products, it is expected that the issue will persist. Earlier this year, the FDA announced that congressional action was needed to allow CBD be marketed as a dietary supplement or in food.

The recent advisory  by Customs and Border Protection comes after the human resources division at the U.S. Forest Service posted a notice in 2022 that also warned its employees about the risks of consuming CBD products that were federally unregulated.

Meanwhile, other federal agencies are reviewing their drug testing and employment policies, both for applicants and workers, amid the state-level legalization movement. Recently, the Secret Service relaxed restrictions on previous use of cannabis by prospective agents. The Bureau of Alcohol, Tobacco, Firearms and Explosives also recently updated its employment policy to not automatically disqualify applicants who had cultivated, manufactured or sold cannabis in compliance with state laws.

The warning by the border patrol agency clearly indicates that personnel should refrain from using cannabis-derived substances that aren’t federally regulated. This means that the products which companies such as IGC Pharma Inc. (NYSE American: IGC) take through the clinical-development process and obtain FDA approval wouldn’t be included in any advisory that federal agencies send to their employees.

NOTE TO INVESTORS: The latest news and updates relating to IGC Pharma Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

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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303.498.7722 Office
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CNW420 is part of the InvestorBrandNetwork.

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

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 industry’s regulatory structure in a state of uncertainty. Local companies claim that foreign capital is filling the funding void, with many shops around the nation promoting cheap cannabis that has been illegally imported from the United States.

Local marijuana operators argue that foreign brokers are approaching neighborhood dispensaries to market inexpensive, untaxed marijuana that is brought in at a discount and then sold for almost six times the original price.

Recreational marijuana use is still technically not allowed under Thailand’s law. But marijuana booths and shops can be spotted on most streets in major cities and towns due to the spotty regulation. Thai sellers and farmers are concerned that local companies are losing out on the increasing demand as visitors pour into Thailand to enjoy the country’s liberal attitude toward recreational marijuana use.

The Bhumjaithai political party, known for supporting decriminalization, attributes the influx of illegal imports to corrupt officials and political rivalry, which is creating unfavorable press coverage of marijuana reform in advance of upcoming general elections.

Supachai Jaisamutr, a proponent of marijuana legalization for the party, stated that despite the existence of legislation to deal with illegal imports, the officers from the agriculture and customs ministries who are in charge of implementing it do not do so. Supachai mentioned that according to estimates from the nation’s commerce chamber, the marijuana industry contributed roughly $1.2 billion to the economy in 2017. However, the financial advantages are difficult to see for many local stakeholders who are up against foreign capital.

One seasoned marijuana dealer who transitioned into a legal businessman claimed he spent a lot of money making his own fertilizer and soil only to discover that his marijuana was too pricey for a market flooded with low-cost imports.

Growers of marijuana in the United States have many resources available to them, including cultivation supplies such as those from Advanced Container Technologies Inc. (OTC: ACTX).

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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

CannabisNewsWire420
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CannabisNewsBreaks – InMed Pharmaceuticals Inc. (NASDAQ: INM) Announces Q3 2023 Financial Results, Provides Business Update

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

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

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

CannabisNewsWire (CNW)
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www.cannabisnewswire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

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

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 2013 — before legal cannabis outlets began to open — but it has since been generally declining. Voters passed the first state laws allowing for recreational use in 2012, and regulated retail sales started in 2014.

According to the most recent statistics from the biennial survey, 15.8% of high school students reported consuming marijuana at least once in the previous 30 days in 2021. This is a considerable decrease from 23.4% in 2013.

Health officials are encouraged by the trend, although they have noted that social isolation policies brought on by the coronavirus epidemic probably played a factor in how much juvenile substance abuse fell in the most recent two-year measurement period. Nevertheless, the general trend runs counter to one of the most popular prohibitionist justifications for opposing cannabis legalization. Despite their assertions, research and surveys, including federally funded ones, have repeatedly demonstrated that legalizing marijuana for adults will not increase teen use.

In fact, the YRBS survey found that marijuana use in high schools peaked in the years before any recreational cannabis dispensary was opened. And since then, as more and more marketplaces have opened up online, fewer young people now report consuming cannabis. Additionally, fewer teenagers claim to have ever used marijuana. In 2021, 27.8% of teenagers reported having used marijuana at least once in their lives, a decrease of more than 10% from the figure in 2019, which was 36.8%.

While COVID likely also played a role in the sudden fall in cannabis use observed in 2021, cannabis patterns have remained constant throughout the reform. For instance, research financed by NIDA and released in the “American Preventive Medicine Journal” last year revealed no correlation between the legalization of cannabis at the state level and a rise in juvenile use. According to the study, teenagers who used cannabis more frequently during adolescence had no increased or decreased likelihood of doing so at the age of 15 compared to those who used it less frequently or never.

As more companies such as IGC Pharma Inc. (NYSE American: IGC) register success in developing FDA-approved medicines from marijuana, it is possible that people will look at marijuana as a medicine, and juvenile use could decrease even further as access to these medicines is regulated through the healthcare system while recreational use is subject to age-verification in the states which permit adult-use marijuana.

NOTE TO INVESTORS: The latest news and updates relating to IGC Pharma Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

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 — Labor Peace Agreements May Be Good for the Marijuana Industry

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 license applicant. These agreements start a labor peace period where the employer agrees to not take part in actions that may undermine the ability of the union to organize the workforce while unions agree to not picket, strike or disrupt business operations in any other way.

The agreements also help promote long-term sustainability, social responsibility, productivity, stability and public safety in the marijuana industry by establishing a relationship between workers and employers. Additionally, collective bargaining facilitated by these agreements offer workers a voice in their workplaces, enabling them to negotiate for better working conditions, wages and benefits.

Collaborative relationships with workers also allow employers to recognize the value front-line workers bring to the table. This is in addition to obtaining valuable insights into the concerns and needs of their workforce and developing practices and policies promoting job satisfaction as well as productivity. This can, in turn, help improve morale, decrease turnover and improve overall productivity.

The establishment of labor peace agreements also allows employers to show their commitment to social responsibility and fair labor practices, helping promote economic and social equity in the industry while decreasing the risk of abuse and exploitation.

The marijuana industry’s workers need to be skilled and knowledgeable in various areas, including compliance, security and safety. These agreements help promote public safety by setting up standards for training and certification for workers. Some states in the country have already approved laws mandating safety training. More collaborations between employers, labor unions and workers will facilitate the development of training programs and standards for certification that ensure workers possess the skills and knowledge needed to perform their jobs effectively as well as safely.

Furthermore, as the marijuana industry grows and becomes more regulated, these agreements will provide a foundation for the burgeoning sector to develop in a way consistent with the values of economic and social equity, public safety and environmental responsibility.

All the above points support the use of labor peace agreements in this industry, at least as a first step in helping make sure that the cannabis sector is a source of well-paying and stable jobs for workers as well as a positive force in the communities it serves.

As stability is maintained in the way cannabis companies relate with their workers, operations could grow steadily as these companies focus on innovation to serve the evolving needs of customers. The new products can then attract more customers, which can create further downstream opportunities in the value chains of related companies such as Advanced Container Technologies Inc. (OTC: ACTX), which supplies equipment to grow marijuana indoors.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

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

CannabisNewsWire420
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http://www.CNW420.com
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Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.