November 2020 - CannabisNewsWire

MondayNov 30, 2020 4:20 pm

420 with CNW — Four Predictions for the Future of CBD Products

Since the 2018 Farm Bill legalized the growing and sale of hemp and its different extracts, cannabidiol (CBD) has become immensely popular. Extracted from industrial hemp, a variety of cannabis that is not psychoactive, CBD is part of a group of compounds called cannabinoids that have diverse medicinal properties. Although research into CBD’s medical abilities is still ongoing, plenty of users claim the hemp extract successfully alleviates a variety of conditions, including insomnia, chronic pain and anxiety, among others. Experts have said that the hype for CBD has far outpaced the science, and the FDA has been cracking down on…

MondayNov 30, 2020 9:13 am

Championing Female Representation in Canada’s Emerging Psychedelics Market

There is a global resurgence in the interest in psychedelics. With scientific, medical, and mental health communities revisiting its potential therapeutic benefits, psychedelics are being touted for its potential to treat addictions, mental health, cancer, amongst other ailments. This year alone, Canada experienced its most significant breakthrough with psychedelics after Minister of Health Patty Hajdu granted drug exemptions to four Canadians with terminal cancer to pursue psilocybin therapy. This marked the first known patients to legally use psilocybin since the compound became illegal in Canada in 1974. While the growing interest in psychedelics is exciting, historically the discourse around psychedelics…

MondayNov 30, 2020 4:20 am

420 with CNW — California Court Throws Out Lawsuit Against Marijuana Delivery Services

Back in April 2019, a group of cities in California that have banned recreational cannabis sales sued Gov. Gavin Newsom’s administration. The state allows recreational pot deliveries even in cities that haven’t opted into the cannabis market, and the 24 cities argued that this violated Proposition 64, which allowed recreational sales in California. The lawsuit was filed against the California Bureau of Cannabis Control at the Fresno County Superior Jail. A year after the lawsuit was filed, a Fresno judge has ruled that California’s government is not in the wrong by allowing home cannabis deliveries even in cities/jurisdictions that don’t…

WednesdayNov 25, 2020 4:20 pm

420 with CNW — Longest-Serving Marijuana Offender May Be Released from Prison Soon

Richard DeLisi has spent more than 30 years in prison for nonviolent marijuana offenses. DeLisi was sentenced to 90 years in prison in 1989 after being charged for conspiring to traffic 1,500 pounds of marijuana from Jamaica into America. According to the Florida Department of Corrections, DeLisi may be released on Dec. 4, 2020,, following the worsening conditions of the COVID-19 pandemic in the country and his failing health. A not-for-profit group, Last Prisoner Project, describes DeLisi as the country’s longest-serving marijuana offender. The organization strives for criminal justice reform for cannabis-related offenses. Lawyers from the organization have been working…

WednesdayNov 25, 2020 1:00 pm

As Global Cannabis Sales Grow 38% in 2020, Gage Cannabis Co. Expands to Offer Recreational Marijuana at Flagship Location

Research suggests cannabis sales increased 38% from 2019 to 2020 Gage expanding into fast-growing Michigan market, now offering recreational marijuana at flagship Ferndale location Adult-use cannabis revenues in Michigan projected at $1 billion per year for 2021, surpassing $1.5 billion by 2023 Quarterly sales nearly doubled to $11.9 million in Q2 2020 from $5.8 million in Q1, expected to surpass $13.1 million in Q3 Recent research published by BDSA (formerly BDS Analytics) suggests that the global cannabis industry continues to grow despite COVID-19, with forecasts predicting that 2020 sales will reach $19.7 billion - an increase of 38% from 2019 (https://cnw.fm/92BFe). One…

WednesdayNov 25, 2020 11:30 am

Pure Extracts Technologies Corp. (CSE: PULL) Strengthens Oil Extraction Business, Ventures into Functional Mushroom Space

Pure Extracts carried out its initial oil extraction, distillation trials in early November, plans to commence extraction tolling services in December Once Sales License is obtained from Health Canada, the Company plans to begin marketing its own ‘Pure Pulls’ branded cannabis derived product range Pure Extracts will simultaneously seek to market Company’s white-labelling prowess, offering oil extraction capabilities to Licensed Producers currently operating in cannabis space Company also announced its interest in joining functional mushroom sector, with its first products set to be launched in 1Q2021 Separately, Pure Extracts named Dwight Duncan to its Board of Directors Pure Extracts Technologies…

WednesdayNov 25, 2020 4:20 am

420 with CNW — Arkansas Governor Wants a More Aggressive Stance on Marijuana Legalization

Arkansas Gov. William Hutchinson states that the national government’s casual approach to cannabis is the reason why many more states are legalizing the drug. During a recent interview with the Washington Post, the governor of Arkansas explained that where the government’s stance on cannabis legalization is unclear, the legalization of drugs will continue, which brings about more measures for the legalization of cannabis at the state level. Jeff Sessions, the first attorney general under outgoing President Donald Trump’s administration, revoked the counsel that was put in place by former President Barack Obama’s administration, which directed that state attorneys shouldn’t intrude…

TuesdayNov 24, 2020 4:20 pm

420 with CNW — Six Issues Virginia Legislators Face While Discussing Marijuana Legalization

Soon after the November 2020 elections, Virginia Gov. Ralph Northam announced plans to propose cannabis legalization legislation when the state’s General Assembly convenes in January. If passed, that legislation would make Virginia the only Southern state that allows adult-use marijuana. Lawmakers in the state have up to 24 months to come up with a cohesive regulatory structure to govern the cannabis industry. According to Virginia’s Joint Legislative Audit and Review Commission, the following are some of the key areas legislators will have to focus on. Expunging past cannabis convictions. According to the 200-page report released by the state Joint Legislative…

TuesdayNov 24, 2020 4:20 am

420 with CNW — Gov. Murphy Makes Crucial Regulatory Appointments after Vote on Recreational Marijuana

Earlier in November, voters in New Jersey voted overwhelmingly in favor of recreational cannabis. As such, New Jersey has joined the growing number of states that allow adult-use marijuana, with the amendment taking effect on Jan. 1, 2021. Soon after the 67.25% vote in favor of recreational cannabis, state legislators in Trenton started drafting the laws and regulations for the industry, and Gov. Phil Murphy made two appointments to the state’s newly formed Cannabis Regulatory Commission, which will oversee the medical and recreational cannabis industry. Aide Dianna Houenou has been appointed to chair the five-member Cannabis Regulatory Commission. Gov. Murphy…

MondayNov 23, 2020 4:20 pm

420 with CNW — Decriminalization or Legalization: Understanding the Difference

From the early 1970s, the United States has waged an intensive campaign against drugs; the movement has been dubbed the “war on drugs.” Seeking to financially cut off the criminal gangs that supply illicit drugs as well as mitigate the physical harm done by said drugs to users, the government doled out harsh sentences to those caught selling and buying drugs. However, decades later, it is evident that the war on drugs did more harm than good, with the Global Commission on Drug Policy declaring it a failure in a 2011 report. The past decade has seen attitudes towards certain…

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Month: November 2020