Category: CannabisNewsWire Release

CannabisNewsBreaks – BevCanna Enterprises Inc.’s (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Leadership Position Recognized in Food and Beverage, Cannabis Products Categories

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), a diversified health and wellness beverage and natural products company, recently announced it had been named as one of the 101 Top Food and Beverage Startups and Companies in Canada by Best Startup Canada. In addition, BevCanna was also recognized as one of the Top 101 Cannabis Startups and Companies in Canada, among innovators and growth companies within the Canadian cannabis industry. A recent article quotes BevCanna CEO Marcello Leone as saying, “This recognition of our leadership position within both the food and beverage and the cannabis products categories validates our strategy of developing innovative, highly customized beverage products that appeal to a range of target markets, including value, craft and premium positioning, for both our in-house brands and our white-label clients.” BevCanna Enterprises’ recent accolades come amid a period of ongoing growth momentum for the company, most aptly illustrated through its strong third-quarter earnings report. In addition, its commercial prospects have also gone from strength to strength as the company worked toward broadening its product portfolio.

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

About BevCanna Enterprises Inc.

BevCanna Enterprises is a diversified health and wellness beverage and natural products company. BevCanna develops and manufactures a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients. With decades of experience creating, manufacturing and distributing iconic brands that resonate with consumers on a global scale, the team demonstrates an expertise unmatched in the nutraceutical and cannabis-infused beverage categories. Based in British Columbia, Canada, BevCanna owns a pristine alkaline spring water aquifer and a world–class 40,000–square–foot, HACCP-certified manufacturing facility, with a bottling capacity of up to 210M bottles annually. BevCanna’s extensive distribution network includes more than 3,000 points of retail distribution through its market-leading TRACE brand, its Pure Therapy natural health and wellness e-commerce platform, its fully licensed Canadian cannabis manufacturing and distribution network, and a partnership with top U.S. cannabis beverage company Keef Brands. For more information about the company, visit www.BevCanna.com.

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

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

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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — What Could the Future Hold for Functional Drinks?

Over the past couple of decades, there has been a major decline in drinking culture. Unlike their predecessors, younger generations simply aren’t drinking as much alcohol. The World Health Organization reports that the number of drinkers worldwide has decreased by 5% and by up to 10% in some European countries since 2000. Last year, alcohol consumption in America fell by 5%. As consumers have become more health conscious, especially during the coronavirus pandemic, they have been opting for healthier alternatives.

Functional or nonalcoholic beverages are becoming increasingly popular in the wake of this antialcohol movement. Although nonalcoholic drinks are a relatively new product, experts expect the industry to see major growth as people continue to seek alcohol alternatives. The functional beverage market is poised to grow at a compound annual growth rate (“CAGR”) of 7% and achieve a $173.23 billion valuation by 2025, Research and Markets predicts. For most people, alcoholic beverages are a social drug; nonalcoholic alternatives allow people to derive most of the same benefits without having to spend the next day hung over.

A lot of the alternatives on the market are also infused with minerals, dietary fibers, vitamins, adaptogens, probiotics and cannabinoids such as THC or CBD. Coca-Cola, for instance, has launched a caffeinated cola drink with B vitamins and guarana extracts and invested millions of dollars in Health-Ade Kombucha. Pepsi has also developed a noncarbonated, enhanced water beverage called Driftwell that contains L-theanine. According to the cofounder and CEO of marijuana beverage brand Wunder, the nonalcoholic beverage movement may have started a while ago, but the pandemic kicked it into overdrive.

Beverage producers have noticed the increased interest in nonalcoholic beverages and as a result, the market now has a variety of zero or low alcohol spirits, wines and beers. Kim Cox, the SVP of account development at NieslenIQ, says these new beverages are designed to meet consumers’ health and wellness concerns. This includes lower alcoholic content, lower calorie and sugar count and, in some cases, sustainable production practice.

Major innovation in the segment is coming from smaller companies rather than the large brands flooding the market with nonalcoholic offerings. Smaller brands now have a shot in the beverage space thanks to more accessible production methods, allowing them to get products to consumers at lower costs. The functional beverage space still has some growing to do, according to Bambucha Kombucha CEO Michael ZonFrilli. For instance, more food service operators and retailers need to start stocking nonalcoholic beverages, he says.

From the way customers are taking to functional drinks, early entrants in the space, including BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), are poised to grab significant chunk of the market share before other players rush into this space in the years to come.

NOTE TO INVESTORS: The latest news and updates relating to BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) are available in the company’s newsroom at http://cnw.fm/BVNNF

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
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

420 with CNW — Study Finds That Marijuana Legalization in Europe Doesn’t Increase Underage Usage

Marijuana is the most used illicit substance globally, with roughly 90 million individuals in Europe alone having used the drug once in their lifetime. Recently, scientists from the Karolinska Institute in Stockholm conducted a study to determine whether changes in marijuana laws led to an increase in the recreational use of the herb by young adults and adolescents.

They found no evidence to support the claim that the legalization of marijuana causes an increase in the use of marijuana in individuals aged 15 to 34. Critics of marijuana legalization often argue that allowing the legal and free access of the drug will make it more attractive to young adults and teenagers, which they believe will automatically result in increased usage.

The researchers’ objective was to address concerns around social harm that stem from marijuana legalization changes, especially since changes in cannabis legislation in Europe have been initiated in countries such as Czech Republic, Estonia, the United Kingdom, Italy, Malta, Spain, Netherlands, Germany and Belgium. Prior studies conducted on the impact of changes in marijuana laws on the prevalence of use have yielded inconclusive results.

The researchers, all from the Department of Global Public Health, conducted an analysis of data collected by the EMCDDA from 11 countries in Europe. The data contained rates of self-reported marijuana use in 15- to 34-year-olds in the period between 1994 and 2017, as well as information on the marijuana policy changes implemented by the countries included in the study. These changes were classified as less lenient or more lenient.

The researchers used a time-series linear model to evaluate the changes in nation-specific trends over the particular period, in relation to policy changes. They discovered that the use of marijuana was, on average, stable or rising weakly in countries that hadn’t changed their legislations. This increase was also observed in countries where laws were changed to the extremes.

By contrast, the average use of cannabis declined after changes in laws, regardless of whether the change was classified as more lenient or less lenient. It should be noted that the researchers took into account inconsistencies in drug legislations that different European nations enforced as well as the challenges in collecting the data.

In their report, the researchers explained that their discoveries aligned with prior research that didn’t find any clear link between marijuana policy and the use of the herb. In their conclusion, the team of researchers noted that their findings did not support any substantial impact of marijuana legislation on the prevalence of recreational marijuana use among young adults and youth in Europe.

As more studies clear the air about the unfounded fears that cannabis legalization will lead to an explosion of teen marijuana use, more jurisdictions around the world are likely to open up to this herb and companies such as Flora Growth Corp. (NASDAQ: FLGC) are likely to have a broader international market to satisfy.

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

420 with CNW — How Cannabis Cultivators Are Reducing Plastics Use in Their Operations

For quite a while, cannabis cultivators relied on plastic in their operations. Despite being colloquially known as “weed,” high-quality cannabis requires specific conditions during certain growth periods for maximum growth. In the past, hemp and cannabis cultivators, especially those that employed outdoor grows, have used plastics to fight weeds, pot plants, and construct trellises. Many of them are now turning away from plastics in favor of ecofriendly alternatives.

Plastics now permeate nearly every facet of the environment. A new report from the United Nations Food Agriculture Organization shows that microplastics aren’t just choking our oceans and seas, they are in the ground as well. In fact, the U.S. warns, the land used to grow food and other consumer products is polluted with more plastics than even the oceans. Some marijuana cultivators are guilty of contributing to this pollution, which not only damages the environment but also presents a significant risk to food security and human health.

So how are hemp and marijuana growers reducing their reliance on plastics? For starters, they are foregoing plastic pots and trellis netting to cultivate their crop in growing beds. While plastic pots can be reused and recycled, they eventually have to be replaced, says Julia Jacobson, CEO of Oakland-based cannabis producer Aster Farms. Growing beds are a much better option, she says, because they can be installed virtually anywhere and reduce the number of plastic pots growers use. Furthermore, they give plants much more room to spread out and grow.

Trellis netting, which is used to space plants for better airflow and flower growth, as well as to protect the plants against mold and bud rot, contributes to a lot of plastic waste. It is rarely reused, she says, and tends to be shaped in a way that can be particularly harmful to sea life if it ends up in the oceans. As such, Aster Farms uses a compostable alternative. Cannabis cultivators could also move away from the PVC (polyvinyl chloride) pipes and polyethylene drip tubes and emitters, and lay flat tubing that they use for in-field drip irrigation, says Brandon Rivers, the founder and president of SLO Hemp Co.

Employing drip irrigation systems with flood, ditch or center pivot irrigation would be a great way for cultivators to reduce their plastic use, Rivers says. According to the new UN report, banning certain products and plastic polymers and setting penalties for their use can also help reduce plastic use among marijuana cultivators. However, that doesn’t seem plausible with America’s current political climate.

Consumers may be the ones to lead change this time. By choosing to spend their hard-earned money on sustainably grown cannabis products, they will ultimately drive demand for ecofriendly products. And companies such as BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) are rising to the challenge in order to boost the ecofriendly credentials of the cannabis value chain.

NOTE TO INVESTORS: The latest news and updates relating to BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) are available in the company’s newsroom at http://cnw.fm/BVNNF

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
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

420 with CNW — State of the State Addresses Full of Praise for Marijuana Programs

Governors from different states in the country have been proclaiming their cannabis reform plans and accomplishments as part of their annual budget requests and State of the State speeches. The proposals and statements from state executives show how marijuana has grown more mainstream, as its being discussed in venues alongside infrastructure, education and taxes.

Below are some of the things governors said about cannabis in 2022.

South Dakota

Gov. Kristi Noem of South Dakota is focused on the proper implementation of the state’s medical marijuana program, which was recently launched. In an interview, Noem stated that she was focused on ensuring that the state had the most responsible, safe and well-run medical marijuana program in the country.

Virginia

Ralph Northam, the former governor of Virginia, discussed the criminal justice implications of Virginia’s move to legalize marijuana in 2021 during his final address earlier this month, thanking lawmakers who supported the reform. The state’s current governor, Gov. Glenn Youngkin, noted that before creating a market for commercial cannabis sales and production, some work needed to be done.

Rhode Island

Gov. Dan McKee included a measure to legalize cannabis as part of his annual budget plan this year, which makes it the second time he has done so. If approved, the measure mandates that automatic marijuana expungements occur in the state. This is in addition to allowing individuals aged 21 and above to possess and buy up to an ounce of marijuana and store up to five ounces of cannabis in their primary residencse.

The measure will also apply a weight-based excise tax on cannabis growing, a retail excise tax of 10% and sales tax upon marijuana transactions.

New York

Earlier this month, Gov. Kathy Hochul of New York announced plans to establish a $200 million public-private fund that will promote social equity in the state’s flourishing cannabis market. The governor highlighted the importance of creating opportunities for all individuals in the state, in particular, those from historically marginalized communities.

Projections show that the state’s cannabis market will generate billions in revenue, especially after marijuana business licenses are approved.

New Mexico

In her State of the State speech, Gov. Michelle Lujan Grisham of New Mexico discussed the economic potential of the cannabis industry under the legalization initiative she signed in 2021. The state plans to expand its economic footprint in communities and create thousands of employment opportunities as well as revenue to support local services in the state.

Given the multifaceted effects that the products of cannabis companies such as RYAH Group Inc. (CSE: RYAH) are triggering in people’s lives, it isn’t surprising that many state governors are touting the successes of this nascent industry.

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

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
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC) Announces Closing of Embark Acquisition

BevCanna Enterprises (CSE: BEV) (OTCQB: BVNNF) (FSE: 7BC), an innovative health and wellness beverages and products company, has closed on its acquisition of Embark Health Inc., solventless cannabis extraction and delivery technology provider. According to the company, the acquisition will be a significant driver of growth for BevCanna, accelerating its already strong upward trajectory. Embark owns a unique range of brands across all three cannabis 2.0 categories, meaning that BevCanna will now be able to sell differentiated and complementary adult-use and wellness products. In addition, Embark brings a British-Columbia-based, state-of-the-art production facility with $17 million  in tangible and intangible assets to the deal along with experiences management and operations personnel. BevCanna announced the acquisition in September of last year. “Completing the acquisition of Embark Health is a significant milestone in BevCanna’s strategic transformation into a diversified health and wellness company,” said BevCanna CEO and chief strategic officer John Campbell in the press release. “Embark’s solventless cannabis extraction and enhanced delivery technology will be a robust driver of growth for the Company, further diversifying our unique portfolio of brands and adding valuable intellectual property and four innovative adult-use cannabis brands to our range of offerings.”

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

About BevCanna Enterprises Inc.

BevCanna Enterprises is a diversified health and wellness beverage and natural products company. BevCanna develops and manufactures a range of alkaline, plant-based and cannabinoid beverages and supplements for both in-house brands and white-label clients. Based in British Columbia, BevCanna owns a pristine alkaline spring water aquifer and a high-capacity, 40,000-square-foot, HACCP-certified manufacturing facility, with a bottling capacity of up to 210 million bottles annually. BevCanna’s extensive distribution network includes more than 3,000 points of retail distribution through its market-leading TRACE brand, its Pure Therapy natural health and wellness e-commerce platform, its fully licensed Canadian cannabis manufacturing and distribution network, and a partnership with number-one U.S. cannabis beverage company Keef Brands. For more information about the company, please visit www.BevCanna.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

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)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

420 with CNW — One Year On, Advocates Say Biden Hasn’t Acted on Marijuana Promises

President Joseph Biden won office on a mostly progressive platform; he wanted to completely electrify the country’s transport sector and pass modest cannabis reform. Although most drug reform activists would much rather prefer more comprehensive reform, Biden was able to beat former President Donald Trump and take office. Since then, Biden has invested a significant amount of time working on an infrastructure bill that would, among other things, build a public network of charging stations.

However, a year after the Democrats clinched the Senate, House and White House, cannabis reform advocates say Biden still hasn’t acted on any of his modest cannabis promises. In fact, his administration’s actions on cannabis policy have been, by and large, restrictive and even hostile. Cannabis is still criminalized under federal law; thousands of individuals are still imprisoned for nonviolent cannabis offenses and the Controlled Substances Act still classifies cannabis as a Schedule I controlled substance with no medical use.

This is despite the fact that more than 30 states have legalized cannabis for medical use and around 3.6 million patients across the country are actively benefiting from medical cannabis products made by leading companies such as Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF).

One positive thing the Biden administration has done for cannabis policy has been to let states implement their own cannabis policies without federal intervention. However, the federal government’s hands-off policy when it comes to the state-legal marijuana industry has also led to a lack of clarity that causes problems for both consumers and industry stakeholders. Furthermore, the U.S. Department of Housing and Urban Development (HUD) continues to deny people who use state-legal cannabis access to federally assisted housing.

Given the fact that Biden made marijuana policy a part of his presidential campaign platform, many advocates are disappointed that he still hasn’t made any moves. The fact that the White House punished staff who admitted to past marijuana use and included a budget proposal to ban Washington, DC, from legalizing marijuana sales doesn’t help. Morgan Fox, NORML’s new political director says, it is “extremely disappointing that Biden has failed to live up to his campaign promises and has even made moves designed to set the burgeoning industry back.”

The administration’s inaction on even modest cannabis reforms for the past 12 months is “inexcusable,” says Fox, and it is a betrayal of the voters who put Biden in the Oval Office. This disregard for cannabis reform will undoubtedly have a negative impact on the Democratic Party come the 2024 elections, he predicts.

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

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

420 with CNW — What the Recreational Marijuana Industry Can Learn from the Tobacco Industry

The recreational marijuana space has grown significantly these past few years. Given its growth rate, however, it’s easy to wonder if there are things that may hinder it from progressing further. To find possible obstructions for this burgeoning industry, one only needs to look at the tobacco industry.

Despite the fact that marijuana hasn’t been legalized federally, there are plenty of similarities between the businesses and companies in the tobacco industry and those involved in the recreational marijuana industry. For the legal marijuana industry to continue growing, it is important that the sector doesn’t repeat the same mistakes the tobacco industry made in the 20th century.

Below, we look at some of the lessons the marijuana industry can learn from big tobacco.

Be adaptable

The banning of cigarette vending machines significantly impacted cigarette sales, with sales in the tobacco industry, which were already low, sinking even lower. Big tobacco was already recording declines in sales even before 2020 because of its frigidity when it comes to adaptability.

To prevent this from happening in the cannabis industry, companies need to be more adaptable when it comes to sales regulations. At the moment, marijuana vending machines are growing in popularity, but who’s to say they won’t be affected if stricter regulations are put in place? This is why the flourishing industry needs to be more prepared for any changes that may be made and find ways to adapt in the quickest way.

Be honest

The tobacco industry made the mistake of not being honest about the risks linked to the use of tobacco in its early days. Advertisements with doctors endorsing the use of cigarettes were common in the 1930s, which continued for decades, with tobacco executives claiming that cigarettes weren’t addictive even in the late ‘90s.

For the marijuana industry to remain in the good graces of regulators and maintain trust with consumers, it needs to be upfront and honest about the risks linked to the use of certain marijuana products.

Be mindful of the marketing practices used

A product such as marijuana can prompt business owners to behave in ways that disproportionately affect young people, as was seen in how the tobacco industry impacted people of color and younger individuals. This is why keeping marijuana products out of children’s hands is an important responsibility for recreational marijuana companies.

Overall, the industry needs to be prepared for changes and adapt more easily than the tobacco industry in order to achieve and maintain a high sales volume consistently as many reputable companies aspire to.

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
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Issues Annual Letter from CEO, Stakeholder Update

Lexaria Bioscience (NASDAQ: LEXX, LEXXW), a global innovator in drug delivery platforms, today provided an annual letter from CEO Chris Bunka and a thorough strategic update to all stakeholders. In the update, Bunka described Lexaria’s key area of focus to improve the company’s understanding of the capabilities of its ground-breaking DehydraTECH(TM) drug-delivery technology to enhance its abilities to commercialize and profit from this technology platform. “DehydraTECH is not an EVOLUTION of existing technology – it is a REVOLUTIONARY new drug delivery platform,” Bunka explains in the letter. “Expecting entire industries to change overnight to adopt a revolutionary new process is not realistic: it takes time, evidence and a lot of positive results to overcome industry inertia. We have long been hopeful that, before the end of 2022, we will have built sufficient data to effect meaningful industry and/or regulatory progress and sustainable increases in valuation… Before 2022 ends, we expect to have at least one major regulatory advancement such as an IND program approval, or one major new industry partner. We believe either of those will support what could be significantly higher valuations. If we are able to achieve more than one of these advancements…so much the better.”

To view the full press release, visit https://cnw.fm/G1Th6

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 and, in some instances with cannabinoids by as much as 27x compared to standard industry formulations, reduce time of onset from one to two hours to minutes, and mask unwanted tastes. The technology is also being evaluated for orally administered anti-viral drugs, non-steroidal anti-inflammatory drugs (“NSAIDs”), PDE5 inhibitors and more. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 23 patents granted and over 50 patents pending worldwide. For more information, visit the company’s website at www.LexariaBioscience.com.

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

About CannabisNewsWire

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

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 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

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

CannabisNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Appoints Award-Winning Expert as SVP of Global Operations

Flora (NASDAQ: FLGC), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands, today announced its appointment of operations and personnel development expert, Joël Reyes, as senior vice president of global operations. Reyes brings extensive experience in operations management and optimization, leadership and C-suite consultation and development, business development, and strategic consultative sales, both within startups and large corporations. “2022 is the year for Flora to rapidly grow sales and revenue, and being surgical in our operational execution at every touchpoint will be critical to achieving our goals,” said Luis Merchan, president and CEO of Flora Growth Corp. “As an award-winning expert in operations management, the appointment of Joël Reyes comes at the perfect time as Flora Growth’s aggressive global brand expansion and M&A strategy continue to be implemented.”

To view the full press release, visit https://cnw.fm/QWH9j

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)

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)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.