June 2020 - Page 2 of 6 - CannabisNewsWire

WednesdayJun 24, 2020 9:00 am

Cannabis Sales Surge During Lock Down

CannabisNewsWire Editorial Coverage: COVID-19 devastated the economy but created a surge in cannabis sales, bolstering long-term trends. As the pandemic wreaked havoc on the U.S. and global economies, cannabis sales rocketed higher across multiple markets in North America. California cannabis sales soared nearly 160% compared to the same day in March 2019, while sales in Washington climbed 100% and Colorado saw a 46% increase on the same day. This surge gives no indications as a one off and is strong reinforcement of long-term trends in the industry. After a lot of early hype, the cannabis sector is on firm ground…

WednesdayJun 24, 2020 4:20 am

420 with CNW – Israeli Marijuana Legalization Bills Jump First Hurdle

The past few years have been good for cannabis. Prohibited for decades in most territories, cannabis has seen a slew of positive legislative changes, with a number of countries legalizing the substance in various capacities. Israel has taken the first tentative steps towards legalization after the Ministerial Committee for Legislation approved two bills on Sunday that would decriminalize the possession and personal use of cannabis in the country. Now past its first hurdle to becoming law, the legislation would decriminalize the possession of up to 50 grams of marijuana and legalize the possession and consumption of up to 15 grams…

TuesdayJun 23, 2020 4:20 pm

420 with CNW – Georgia Legislators Add Marijuana Decriminalization to Police Reform Bill

For the past few years, the US has been stuck in a state of civil unrest, with millions of Americans protesting police brutality against unarmed black folk. Triggered by the tragic murder of George Floyd by a police officer on the streets of Minneapolis, the countrywide protests have forced lawmakers to start working on policing reform legislation. In Georgia, as part of a recently filed comprehensive bill, lawmakers added a provision to decriminalize low-level marijuana possession. It's no secret that the decades-long War on Drugs has had a disproportionate effect on the black community. Advocates for the legalization of marijuana…

TuesdayJun 23, 2020 4:20 am

420 with CNW – Appeals Court Rejects California Marijuana Firms’ Tax Dispute Due to Mailing Mix-Up

Two California-based marijuana companies had their petition thrown out of appeals court after it was delivered to court a day late by an unapproved delivery service. Organic Cannabis Foundation and Northern California Small Business Assistants (“NCSB”) were challenging a nearly $2 million combined tax bill at the U.S. 9th Circuit Court of Appeals based in San Francisco. However, in a ruling, the judge said this should be a lesson to lawyers representing cannabis companies; the petition was thrown out for arriving at court a day late. For years, the two firms had been trying to appeal a ruling by the…

MondayJun 22, 2020 4:20 pm

420 with CNW – Montana Marijuana Legalization Activists Beat the Odds and Submit Needed Voter Signatures

The ongoing coronavirus pandemic has dealt the world a blow it will take years to recover from. The health crisis has stretched healthcare capabilities to the max, and experts say the U.S. economy is already in a recession. Drug reform initiatives have been majorly affected too, with states like New York and Missouri postponing their marijuana legalization initiatives to 2021 and beyond. Montana, however, seems to have weathered the storm after activists submitted the required voter signatures before the deadline. The New Approach Montana campaign turned in more than 130,000 signatures to qualify two legalization initiatives for the November ballot.…

MondayJun 22, 2020 9:00 am

COVID Spikes a Tsunami of Cannabis Sales

CannabisNewsWire Editorial Coverage: COVID-19 has devastated most businesses but created a surge in cannabis sales—a trend that’s likely to continue. Strange bedfellows, COVID-19 and cannabis. As the pandemic wreaked havoc on the U.S. and global economies, cannabis sales rocketed higher across multiple markets in North America. California cannabis sales soared nearly 160% compared to the same day in March 2019, while sales in Washington rocketed 100% and Colorado saw a 46% increase on the same day. This surge doesn’t appear to be a flash in the pan either. An emerging leader in the U.S. cannabis marketplace, Cannabis Strategic Ventures (OTCQB:…

MondayJun 22, 2020 4:20 am

420 with CNW – Survey Shows Link Between Marijuana Legalization and Reduced Teen Marijuana Abuse Admissions

Marijuana legalization is one of the most divisive topics of the decade. While proponents swear by its medical abilities and say that taxes from cannabis sales can be used to address various social issues, those against argue that it is a gateway drug and that legalizing it will make it more accessible to children and teenagers. In fact, a survey by Gallup found that 83% of opponents to legalization believe it would make marijuana more accessible to the youth. However, a survey of cannabis use disorders carried out in Colorado and Washington found this to be wholly untrue. The survey…

FridayJun 19, 2020 4:20 pm

420 with CNW – CDC Flooded with Comments on Kratom and Marijuana

For years, humanity’s main defense against chronic pain has been opioids. However, opioid addiction has quickly become a major issue in America with 450,000 people dying from overdoses involving prescription and illicit opioids from 1999 to 2018. On April 17, the Centers for Disease Control and Prevention (“CDC”) called on patients living with chronic and acute pain to comment on their perspectives on the benefits and harms of opioid use as well as their experiences with other non-opioid and non-pharmacological treatments for pain. By the time the June 16 deadline had passed, the CDC had received hundreds of comments about…

FridayJun 19, 2020 4:20 am

420 with CNW – Louisiana Governor Signs Off on Medical Cannabis Expansion Bill

Last week, Governor John Bel Edwards signed a bill that will allow Louisiana residents to get medical marijuana for any debilitating condition their doctors see fit. Sponsored by Rep. Larry Bagley, the medical marijuana expansion bill significantly expands beyond the 14 specific medical conditions that qualify patients for medical cannabis. As of August 1, patients will be able to purchase medical marijuana as long as they have a condition deemed by their doctor as debilitating. Originally, the marijuana expansion bill would only have added traumatic brain injuries and concussions as qualifying conditions. However, it was amended in committee to include…

ThursdayJun 18, 2020 4:20 pm

420 with CNW – Canadian Marijuana Oil Exports Jump 500% in 2019

Canada has made great inroads into the nascent global cannabis industry. As public opinion slowly turns in favor of cannabis, a handful of countries, including Canada, have legalized either medical and adult-use cannabis or both. The Great White North is among the biggest exporters of medical marijuana oil in the world, and according to data from Health Canada, Canadian-produced medical marijuana oil reached more international shores than ever last year. In 2019, cannabis oil exports were approved for export to at least 17 countries for medical and scientific purposes, but the bulk of the exports involved only a few countries.…