Chris@CNW, Author at CannabisNewsWire

WednesdayApr 26, 2023 4:20 pm

420 with CNW — Marijuana Retailers Celebrate 4/20 with Deals, Promotions

April 20, or 4/20 as the day is normally referred to, is an unofficial holiday celebrated by marijuana smokers across the Unites States and in other parts of the world. Marijuana retailers in America marked the day with in-store events, deals and promotions geared toward meeting their consumers’ needs and attracting new customers. Many planned to run their promotions for a week or even a month instead of one day, which would go a long way in bringing in foot traffic. Historically, 4/20 is a boon for marijuana retailers, with Treez CEO John Yang revealing that in 2022, the company’s…

WednesdayApr 26, 2023 4:20 am

420 with CNW — New York Governor Announces Campaign to Promote Purchase of Legal Cannabis

New York Governor Kathy Hochul has announced that the state is initiating a campaign to urge persons 21 years and older to purchase cannabis from licensed dispensaries. The move is meant to make sure that people buy safe products and that profits are directed toward achieving equity and reinvestment objectives. Hochul stated the "Why Buy Legal New York" initiative will debut around April 20, 2023, the unofficial cannabis holiday, to capitalize on the heightened awareness surrounding cannabis-related issues. The campaign is premised on reaching consumers aged 21 or older via educational materials; digital advertisements, such as a handbook on safe…

TuesdayApr 25, 2023 4:20 pm

420 with CNW — Congressional Committee Begins Investigation into Inaction by the FDA on CBD Regulation

The House Oversight and Accountability Committee Chair recently penned a letter to the FDA, notifying the agency that an investigation into its decision to not regulate CBD was being conducted. CBD (cannabidiol) is one of the two main compounds found in cannabis, the other being THC. Unlike THC, however, CBD doesn’t induce a high when consumed. This compound, which is derived from hemp, is also not addictive. Representative James Comer criticized the agency’s inaction on the matter, stating in his letter that CBD was a popular product whose use had risen in the last few years. In January 2023, the…

TuesdayApr 25, 2023 4:20 am

420 with CNW — Missouri in the Midst of Product Shortages as Recreational Marijuana Market Takes Root

In February, the state of Missouri launched its recreational cannabis market. This was after voters in the state approved amendment 3 in November 2022, making Missouri the 21st state in the country to legalize adult-use marijuana. Almost two months later and the market is set to hit $1 billion in sales in its first year. However, increasing demand from local and out-of-state customers as well as medical cannabis patients has greatly surpassed operators’ expectations, resulting in higher wholesale prices and product shortages. In some areas, such as near the Kansas border, retailers have observed significant increases in foot traffic since…

MondayApr 24, 2023 4:20 pm

420 with CNW — Colorado House Passes Bill Authorizing Online Cannabis Sales

A law allowing adults 21 and above to purchase cannabis online has been approved by the Colorado House. The action is intended to assist companies that have historically relied on payments in cash, which exposes them to crime risk. Last week, the legislature voted 40 to 23 to approve the bill, which was put forth by Democrats Said Sharbini, William Lindstedt and Robert Rodriguez. The proposed legislation would add controls to allow for online sales while removing terminology from the current law that expressly forbids the sale of cannabis over the internet. According to the law, shops must confirm the…

MondayApr 24, 2023 4:20 am

420 with CNW — Pew Research Reveals Seven Key Facts About Americans, Cannabis

Federal law in the United States makes it unlawful to use or possess marijuana, but the majority of states have recently legalized it for either recreational or medical use. The shift in the law has coincided with a sharp rise in public support for cannabis legalization. Based on surveys conducted by the Pew Research Center and other sources, we've highlighted seven key facts below concerning Americans' perceptions of and attitudes toward cannabis. About 90% of Americans believe cannabis should be legal for either recreational or medical use. A survey by the Pew Research Center in October 2022 found that an…

FridayApr 21, 2023 4:20 pm

420 with CNW — Small Cannabis Cultivators in California Struggle as Climate Conditions Worsen

The multibillion-dollar agricultural industry has been greatly affected by adverse weather conditions, with small marijuana growers feeling the heat most. Almost 3,000 small marijuana farmers were recently greatly affected by severe weather, another blow to their businesses, which are already grappling with dropping sales, high taxes and increased competition from larger indoor farms. The state of California has the biggest recreational marijuana market in the country. However, despite working and living in the Northern California counties of Mendocino, Trinity and Humboldt, cultivators in these parts have struggled since recreational cannabis was legalized a few years back. The three counties make…

FridayApr 21, 2023 4:20 am

420 with CNW — Study Finds Inconsistencies Between Actual THC Levels, Information on Labels

You might not get as high off the marijuana you're buying as you had hoped. A recent study by UNC researchers revealed that most cannabis product labels made claims about potency that were higher than what was present in the products. The researchers reached these conclusions after evaluating marijuana samples from multiple Colorado dispensaries. The study's conclusions highlight the absence of regulations in the rapidly growing cannabis market all around the country and raise the possibility that many consumers are being misled into thinking their purchase will contain more THC, the psychoactive ingredient responsible for marijuana’s euphoric "high." For the…

ThursdayApr 20, 2023 4:20 pm

420 with CNW — Missouri Cannabis Businesses Still Unable to Access Banking Services Fully Even After Legalization

During the November 2022 elections, voters in the state of Missouri approved a resolution legalizing the recreational use of marijuana. Legal possession of marijuana for individuals aged 21 years and above became legal in December 2022, with the first licensed sales occurring in February 2023. However, while significant strides have been made, the inability of cannabis firms to access full banking services is still a problem. Currently, Triad Bank is one among a handful of banks in the state that work with marijuana businesses. This is mainly because marijuana is still illegal at the federal level, despite being legal at…

ThursdayApr 20, 2023 4:20 am

420 with CNW — Another Federal Court Says Banning Cannabis Users from Owning Guns Is Unconstitutional

A federal judge has found that it is unlawful to prohibit marijuana users from owning or selling firearms. Paola Connelly, who lives in El Paso, Texas, was found guilty of distinct offenses for having and moving a gun in 2021 while accepting that she was a marijuana consumer; she was cleared after the United States Federal Court for the Texas West District agreed to review the case. A recent decision by the United States Appeals Court for the 5th Circuit forced a re-evaluation after the court had earlier given the conviction. The decision centered on an earlier ruling established by the Supreme Court of the…