Category: CannabisNewsWire Release

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Preps First Export Following Colombia’s New Export Regulations

Flora Growth (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, has announced that Colombia has completed its required regulations to allow cannabis companies operating in the country, including Flora Growth, to export THC and CBD dried flower. The country passed Resolution 539 on April 1, 2022, which is a regulatory checklist for companies; the resolution includes export quotas. The export steps included in the resolution outline adjustments to Flora’s approved 43.6-ton quota, which means the addition of dried flower can be included with FLGC’s existing purchase agreements from countries including Germany, Israel, Australia, South Africa, Portugal and Malta. According to the company, the updated regulation also includes a requirement for genetics registrations for all high-THC cultivars. The company also noted that its quota already permitted the export of derivative products produced at its cultivation facility. “Flora applauds the recent announcement by the Colombian government as we have been working diligently to have all the necessary approvals and capabilities available to produce high THC flower, including multiple cannabis strains with THC levels over 20 percent,” said Flora Growth’s chief commercial officer Jason Warnock in the press release. “This resolution also clears the path to export dried CBD flower to markets including the United States where Flora already sells hundreds of CBD products via owned brands like JustCBD, MIND, and Mambe.”

To view the full press release, visit https://cnw.fm/0R1fw  

About Flora Growth Corp.

Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands that delivers 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. For more information about the company, please visit www.FloraGrowth.ca.

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.

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420 with CNW — IRS Increases Audits of Cannabis Businesses After Lull Caused by Pandemic

The IRS has increased its audits of cannabis businesses after a long hiatus brought on by the coronavirus pandemic. Tax experts in the marijuana industry expect a new wave of audits to be conducted that target cannabis companies and their 2019 returns to be conducted, which may result in additional tax bills for these companies.

Rachel Gillette, a tax attorney in Denver, states that the pandemic caused the IRS to slow down but now with things picking back up, the federal tax agency is running more audits in different parts of the country, particularly in places where marijuana is legal. Gillette noted that she has observed a considerable increase in notification letters for audits being sent to cannabis companies that are her clients. She added that she’d heard of other companies in the states of Colorado, as well as Massachusetts, Michigan, Florida and California, who had also been issued with audit letters.

The federal tax agency may also be broadening its focus to include forms needed for cash transactions of $10,000 and above, which cannabis companies must file with the agency.

Tax experts recommend that marijuana companies get their financial statements in order as soon as possible, especially since the tax agency is skilled at finding tax dollars owed by cannabis businesses. The federal agency has been targeting the legal cannabis sector for a while now, which many believe is because Section 280E of the Internal Revenue Code prevents companies that traffic in controlled substances from claiming tax deductions. This section also establishes significantly higher federal tax rates for state-legal cannabis firms.

The IRS has, since 2010, established roughly five compliance initiative projects that involved targeted audits on marijuana businesses. These audits brought to light millions in unpaid taxes, with experts noting that until a change is made to Section 280E, the federal tax agency will continue to view the cannabis industry as a cash cow.

Recently, the IRS also began to conduct audits tied to FORM 8300, which is a requirement for any cash filings that are part of a business’s transactions. Tax attorney Regina Unegovsky states that she observed a more than double increase in audits since last summer among cannabis companies in northern California, noting that the IRS begun conducting audits for cash filings, which was a new approach to cannabis businesses.

These changes come after De Lon Harris, the IRS commissioner, pledged last fall that the federal agency would help cannabis companies comply with their tax obligations.

As any licensed company such as American Cannabis Partners will tell you, one of the first things any cannabis company needs to do to avoid problems is meet its tax obligations whether at the federal or state level. Therefore, the audits are likely to catch smaller companies that are still struggling to put appropriate systems in place.

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

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420 with CNW — Is It Worthwhile to Vacuum Seal Cannabis?

Anyone who uses or has used cannabis in the past has probably heard that storing cannabis flower in an airtight container keeps it fresh and preserves its quality. While some users may not understand the logic behind this advice, there’s a solid scientific reason why vacuum sealing cannabis is essential.

Once a cannabis plant matures, continued exposure to the elements causes it to degrade. That’s why marijuana cultivators have to harvest their crop at just the right time; any later and the plants will start to lose their potency. Once the plants have been harvested and processed, the same level of care is needed to preserve them.

In this case, it is proper storage. Did you know that how and where you store your cannabis will have a major impact on its flavor and potency? Most users prefer the traditional jar but vacuum sealers can keep your cannabis fresh even longer by keeping air and moisture away from your stash.

Continued exposure to the elements alongside heat will degrade cannabis and render it useless. The first thing you want to do is to keep your marijuana away from any heat sources because heat will cause the terpenes in the cannabis to dry out, killing its flavor and taste. Conversely, super-low temperatures will also degrade the trichomes and impact the flavor. A dark closet or drawer far  from any heat sources would be an ideal storage location.

Light is the second foe. The cannabinoids and terpenes in cannabis will break down under exposure to ultraviolet light, essentially stripping the cannabis of its potency and flavor. Storing marijuana away from the sun and any other light source will prevent this.

Your third enemy is water. High humidity can cause cannabis to trap more moisture and encourage the growth of mold on buds. A humidity of 59–63% will prevent the growth of mold while keeping cannabis from drying out.

But if you are looking to purchase cannabis in bulk and store it for a long time, vacuum sealing could be the way to go. It has already been proven that this method can keep foods such as meat fresh, and many cannabis users are already using vacuum sealing to store their flower.

Vacuum seals are a great way to prevent mold growth because they are completely airtight and do not let in any air or moisture. Furthermore, this method will prevent marijuana’s distinctive odor from getting out, keeping your cannabis private and preserving its fragrance and aroma. Ultimately, it wouldn’t be wise to invest in high-quality marijuana products made by companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) and then let those products degrade rapidly due to improper storage.

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)

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

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CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Announces Earnings Call, 2021 Year-End Results Release Date

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, has said it will release its year-end 2021 financial report on Monday, May 2, 2022, after the market closes. The report will also include subsequent events and MD&A. In addition, company management will host a conference call on Tuesday, May 3, 2022, to discuss that report. During that call, Red White and Bloom CEO Brad Rogers will also provide an overview of operations and upcoming events; the call will also include a question-and-answer session with company management. Those interested in the call can dial toll-free 877-705-6006 or +1 201-689-8557 internationally. The call will be archived and available for replay for 90 days after the call ended; the archived version can be access by dialing 877-660-6853 or 201-612-7415, then entering access ID 13728614. The call will also be available on RWB’s investor relations website.

To participate in the call, visit https://cnw.fm/V6hlo

To view the full press release, visit https://cnw.fm/7BH12

About Red White & Bloom Brands Inc.

Red White & Bloom Brands is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. 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

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

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420 with CNW — U.S. Senators Unanimously Approve Cannabis Research Legislation

Last week, the Senate approved a cannabis measure that would promote research into cannabis. The unanimously approved legislation, titled the Cannabidiol and Marijuana Research Expansion Act, was sponsored by Senators Chuck Grassley, Brian Schatz and Dianne Feinstein.

The bill’s approval will allow the process of application for scientists who want to study the plant to be streamlined. Under the measure, the U.S. attorney general would be afforded a 60-day deadline to either approve an application or request more information from the applicant. This is in addition to creating an expedited pathway for researchers who would like to request access to higher quantities of drugs classified under Schedule I.

It also encourages the FDA to develop marijuana-derived medications by allowing practitioners, research institutions, accredited medical schools and manufacturers holding Schedule I registrations to grow their own marijuana for research purposes. Here, the DEA would receive a mandate to approve applications for manufacturers of FDA-approved, cannabis-derived medications.

The bill also requires that the Department of Health and Human Services submit two reports: one on the barriers to marijuana research and how to overcome those obstacles and another on the potential health benefits of cannabis. In addition to this, it clarifies that physicians are allowed to talk about the benefits and risks of cannabis with their patients.

In a press release, Feinstein stated that the current regulations and rules made it hard for researchers to study how cannabis and cannabis-derived medications could be used optimally in the treatment of a myriad of health conditions. She explained that this bill would reduce the obstacles around the research process, which would in turn help get cannabis-derived, FDA-approved drugs to patients safely.

Grassley echoed Feinstein’s thoughts, arguing that the bill would also help to better understand the cannabis plant as well as its potential side effects and benefits. He explained that the legislation would empower the Food and Drug Administration to analyze medical cannabis and cannabidiol (CBD) products in a responsible and safe way, letting the public decide whether these products could be used in the future based on scientific data.

Schatz added that the measure’s approval brought legislators one step closer to eliminating the barriers, which made it difficult for scientists to conduct research on the safety and effectiveness of marijuana use, which would afford patients more treatment options.

An earlier version of this particular legislation was unanimously approved by the Senate in 2020, before being reintroduced last year. Once this bill becomes law, industry players such as Cannabis Strategic Ventures Inc. (OTC: NUGS) could see the easing of some of the bottlenecks which have made studying marijuana a difficult task in the past.

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)

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

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420 with CNW — How Marijuana Growers Can Reduce Their Eco Impact by Using Living Soil

Contrary to what many may think, growing cannabis isn’t as easy as throwing seeds into a hole and watering them every few days. It’s an intensive process that requires plenty of dedication to detail throughout every stage to ensure the plants come up healthy and in plenty.

In addition, marijuana cultivation isn’t always easy on the environment. A single cannabis plant can drink up to a gallon of water per day and requires 16 essential nutrients to grow healthy and strong. Studies have found that without proper regulations and growing practices in place, marijuana grows can contribute to ecological issues, including water waste, land degradation, and even wildlife deaths.

Although some of these issues occur due to illegal cannabis grows on public land, unscrupulous licensed growers can also contribute to environmental degradation due to poor growing practices. One solid way for marijuana cultivators to reduce their impact on the environment is to use “living soil.”

Living soil refers to growing material such as compost that’s teeming with microorganisms such as protozoa, healthy bacteria, amoebas, and worms as well as their casings. It could even contain glacial rock dust and kelp extract.

This living soil is a much cleaner alternative to filling your grow medium with artificial nutrients than throwing it away once the plants are mature. Living soil also reduces the need for pesticides and fungicides because it spawns strong plants that can fight these issues themselves.

This soil could also be a cost-effective way of growing cannabis. According to Tom Moylan, the director of cultivation at Maryland-based cannabis company Culta, using living soil for cannabis grows will be significantly cheaper in the long run. While building up a reserve of organic soil may be a little costly, the investment will start to pay off by the second year.

Culta, which grows cannabis outdoors, was using around 20 tons of soil when it started its outdoor cultivation operation. This soil would have had to be replaced each year, increasing the company’s operational costs as well as its impact on the environment.

However, living soil doesn’t need to be replaced every year. Moylan says that once the soil and nutrients are mixed and installed in growing beds, the mixture can be used for years. Culta has also included cover crops to reduce erosion caused by aerating the soil and to increase the nitrogen content in the soil.

The resulting grow medium is full of nutrients and retains water naturally, making it suitable for cultivation even when there is drought and extreme heat. Living soil has the potential to significantly reduce impact on the environment by eliminating the need for a new grow medium and artificial nutrients every year.

Since cultivation methods can have an effect on the bottom line of a company, it is likely that established companies such as Flora Growth Corp. (NASDAQ: FLGC) are exploring all ways to continually reduce their costs and minimize their carbon footprint in every aspect of their operations.

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

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CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Eyes ‘Tip of the Iceberg’ Opportunity with Launch of Platinum Vape(TM) Live Resin in Michigan

Red White & Bloom (CSE: RWB) (OTCQX: RWBYF), a multistate cannabis operator and house of premium brands, together with its RWB Michigan LLC wholly owned subsidiary, today announced the debut of Platinum Vape(TM) (“PV”) Live Resin in Michigan. Previously available only in California and Oklahoma, PV Live Resin will soon be in the nearly 400 Michigan dispensaries that now carry Platinum products. “As promised, the Red White & Bloom team is introducing a steady stream of new products and consumption options to satisfy consumer demand in the rapidly growing Michigan cannabis market,” said Brad Rogers, Red White & Bloom chairman and CEO. “In the U.S., live resin sales grew 86% since 2020, as reported by Greentank*. We believe this is just the tip of the iceberg for the live resin opportunity, since so many new cannabis consumers are totally unfamiliar with live resin and migrate to it once they learn more about cannabis and discover live resins’ many advantages.”

To view the full press release, visit https://cnw.fm/1eivU

About Red White & Bloom Brands Inc.

Red White & Bloom is a multistate cannabis operator and house of premium brands in the U.S. legal cannabis and hemp sector. RWB is predominantly focusing its investments on the major U.S. markets, including Arizona, California, Florida, Illinois, Oklahoma, and Michigan with respect to cannabis, and the U.S. and internationally for hemp-based CBD products. For more information about the company, visit www.RedWhiteBloom.com.

*Green Tank North American Vape Market 2021 Year in Review https://www.greentanktech.com/offer/industry-vape-report-2021/

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

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

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CannabisNewsWire (CNW)
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CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — Marijuana Stocks Soar Amid Reports of Federal Legalization Vote

The past few years have been filled with speculation on whether or not Congress will legalize cannabis at the federal level. When the Democratic Party cinched the Senate, House of Representatives and the White House during the 2020 ballot, the chances of cannabis being removed from the Schedule of Controlled Substances increased significantly.

Ideally, this would open up the already lucrative legal cannabis industry even further and grant it all the rights other industries enjoy. In anticipation for a future where federal law allows the cultivation and sale of cannabis, especially after a recent report claimed that lawmakers are poised to vote on federal cannabis legalization this week, investors are appear to be flocking to cannabis stocks.

According to the Marijuana Moment report, the House of Representatives plans to vote on the Marijuana Opportunity, Reinvestment, and Expungement (MORE) Act soon. The legislation was sponsored by the chair of the House Judiciary Committee Jerrod Nadler and would remove cannabis from the Controlled Substances Act, set up a commercial cannabis market, and push for social equity in the sector.

The House Approved the MORE Act last year, but the act didn’t make it past the then Republican-controlled Senate. The Judiciary Committee cleared the cannabis legalization bill again this year and activists, as well as industry stakeholders, have been crossing their fingers for a floor vote ever since.

The report from Marijuana Moment has upped interest in cannabis stocks, with shares from both Sundial and Tilray increasing by a whopping 20%. Canopy Growth, once the largest cannabis company in the world, saw a 10% increase in share prices while ETFMG Alternative Harvest ETF trades were up by 6%.

Regardless of the support federal cannabis legalization has received from lawmakers, it is not clear whether or not President Joseph Biden will sign the bill if it reaches his desk. He was instrumental in passing federal prohibition laws during his days as a senator, and he has said that he only supports medical marijuana laws and modest cannabis reform at best.

On the other hand, Senate Majority Leader Chuck Schumer has been a staunch supporter of federal legalization, lobbying the president about the widespread benefits of major cannabis reform and even stating that he would act on cannabis legalization with or without Biden’s support.

According to Marijuana Moment, House leaders have included the MORE Act in the official list of legislation that will be discussed on the House Floor this week. If the bill is enacted, it would reschedule cannabis, ratify various social and criminal justice reforms, and earmark funds for social equity programs in addition to creating a more favorable environment for companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) to thrive across the country.

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)

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

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420 with CNW — Human Rights Watch Wants US to End Cannabis Prohibition

In a detailed article published recently, Human Rights Watch, an international nonprofit has voiced its support for ending cannabis prohibition federally. It says putting an end to cannabis prohibition would allow federal drug policies in the United States to be grounded in health, harm reduction and human rights.

Strides have been made to do so, with the House of Representatives making history during the last session when it passed the Marijuana Opportunity Reinvestment and Expungement Act (MORE) Act. The approval of this measure made this the first time Congress voted to end the federal prohibition of cannabis, which has led to hundreds of thousands of individuals being incarcerated and torn apart immigrant families.

The House is set to vote on a recently introduced version of the MORE Act. The measure’s approval would advance overdue reform in the criminal legal system. Human Rights Watch, a global nongovernmental organization that advocates for human rights, has documented the extreme racial disparities in the imprisonment and arrests for drug offenses in the U.S. for a long time now. The organization released a report in 2016 that found that every 25 seconds, a person was arrested for drug possession in the country, noting that Black individuals were almost three times as likely to be arrested because of drug possession in comparison to white individuals despite using drugs at a similar rate.

The report, which was compiled in collaboration with the American Civil Liberties Union, noted that the biggest portion of these drug arrests was cannabis-related.

Since that time, however, numerous states have legalized cannabis for recreational and/or medical use, with analysts finding that the increase in cannabis legalization at the state level has brought about a considerable reduction in cannabis arrests in a number of states. However, while cannabis-related arrests have reduced on a national scale, figures show that in 2020, about 350,100 arrests for cannabis-related violations were recorded. Most of these arrests were for simple possession, with a report that was recently released by the American Civil Liberties Union showing that racial disparities in cannabis arrests for both sale and possession remained severe.

The MORE Act brings the U.S. closer to a criminal legal system that respects individual rights and promotes racial equity and justice, according to Human Rights Watch. The measure would end the federal prohibition of cannabis, address the consequences of cannabis criminalization and repair the harms caused by the drug war on various communities in America.

HRW says members of Congress need to listen to the various organizations calling for reform and cosponsor the measure. House Leadership is also expected to bring the legislation to the floor for a vote soon. If the bill is successfully passed and enacted into law, sector actors like American Cannabis Partners could accelerate their growth across the country as a result of the reforms passed.

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.

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CannabisNewsBreaks – Lexaria Bioscience Corp.’s (NASDAQ: LEXX) 24th Patent Sets the Stage for New Market Opportunities in Australia

Lexaria Bioscience Corp. (NASDAQ: LEXX), a global innovator in drug delivery platforms, celebrated the receipt of its 24th granted patent entitled “Compositions Infused with Nicotine Compounds and Methods of Use Thereof.” Granted in Australia, this is the first patent awarded from the company’s 8th patent family. “The new patent expands on the company’s international IP rights to apply DehydraTECH(TM) technology to most forms of nicotine, namely sprays, gums, lozenges, pouches, capsules, tablets, and pills. It also covers multiple disparate forms of nicotine, including polymer resins of nicotine, freebase nicotine and other nicotine complexes,” reads a recent article. Prior to the award of the 24th patent, Lexaria already had a patent granted in Australia to use DehydraTECH-processed cannabidiol (“CBD”) to potentially treat heart disease. “Thus, the new Australian patent covering the use of DehydraTECH-nicotine builds on the existing IP protection there and sets the stage for the company to exploit nicotine- and CBD-oriented opportunities within this market.”

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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 and nicotine by 5-10x, reduce time of onset from 1 – 2 hours to minutes, and mask unwanted tastes; and is also being evaluated for orally administered anti-viral drugs, non-steroidal anti-inflammatory drugs (“NSAIDs”), 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 24 patents granted and over 50 patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

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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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