Chris@CNW, Author at CannabisNewsWire

ThursdayOct 08, 2020 4:20 pm

420 with CNW – Congress Again Includes Cannabis Banking Protections in Third Stimulus Bill

Players in the cannabis space are cautiously optimistic after the House of Representatives approved a wide-ranging coronavirus relief bill containing text from the Secure and Fair Enforcement (“SAFE”) Banking Act. For the longest time, players in the cannabis space have been unable to access banking services due to cannabis’ status as a Schedule I drug, forcing them to rely on cash-only transactions. Not only does this put them at risk of theft and burglary, but it also makes social distancing during the pandemic almost impossible. Passed by the House last year but held in limbo in Senate, the SAFE Banking…

ThursdayOct 08, 2020 4:20 am

420 with CNW – FBI Report Indicates That Marijuana Arrests Dropped Nationally

Started by the federal government decades ago, the war on drugs has resulted in the incarceration of millions of Americans. A large number of these arrests have been due to marijuana possession. Over the years, it has become clear that certain communities have been targeted and over-policed due to marijuana prohibition and for many cannabis reform advocates, legalizing cannabis wouldn’t just increase state tax revenue, but it would also help repair the harms done by the war on drugs. Although advocates hoped that marijuana arrests would reduce with the advent of legal cannabis programs, 2016, 2017, and 2018 each saw…

WednesdayOct 07, 2020 4:20 pm

420 with CNW – Tobacco Giant Quietly Establishes Foothold in Marijuana Tech

Back in 2018, Tobacco giant Altria invested $1.8 billion in Canadian cannabis company Cronos Group. The very public investment gave Altria a 45% stake in the Canadian firm with an option to increase its stake to 55% over the next five years. Since then, the company, which is the parent firm for cigarette brands like Malboro and Parliament, has been trying to increase its stake in the nascent marijuana industry behind the scenes by patenting cannabis technology. According to records from the United States Patent and Trademark Office, Altria filed two patents for vaporizer devices specifically designed for cannabis in…

WednesdayOct 07, 2020 11:51 am

Pac Roots Cannabis Corp. (CSE: PACR) Committed to Superior Genetics, Quality of Product

PACR has strategic licensing agreement with Phenome One, which owns Canada's largest live genetic cannabis library The company’s optimized farming system distinguishes it from other cannabis operations Pac Roots Cannabis Corp.’s commitment to superior genetics involves careful selection of cultivation sites With its slogan proclaiming “the Future of Genetics,” Canadian cannabis company Pac Roots Cannabis (CSE: PACR) clearly places a top priority on producing premium-quality cannabis strains and products. In fact, while some companies may strive to be the largest cannabis grower, Pac Roots Cannabis Corp. maintains that the quality of the product is paramount. Pac Roots Cannabis Corp. achieves…

WednesdayOct 07, 2020 4:20 am

420 with CNW – Colorado Governor Signs Executive Order Pardoning Thousands of Marijuana Convictions

Back in June, the governor of Colorado signed into law a marijuana bill that would promote social equity in Colorado’s marijuana market. On top of that, the bill would give Gov. Jared Polis the power to unilaterally issue pardons for prior marijuana convictions. Decades after the War on Drugs began, it is crystal clear that it has led to the over-policing of certain communities, and the bill was designed to fix some of these wrongs. On Thursday, one day after the new law took effect, the governor signed an executive order granting nearly 3,000 pardons for people convicted of the…

TuesdayOct 06, 2020 4:20 pm

420 with CNW – Washington State Keeps Tabs on Ongoing Marijuana Research as Officials Consider Reforms

Months into the coronavirus and amidst the biggest economic crisis the state has seen in a century, Washington State’s marijuana industry is going strong. Dispensaries saw a “pretty big spike” in sales in March that is still continuing into September, says David Morgan, co-owner of Lucky Leaf in downtown Spokane. With the legislature adjourned at the moment, a legislative committee that oversees the industry is considering a variety of industry reforms including increasing the amount of information on product labels, as well as keeping track of the growing number of studies supported by marijuana sales tax. During a recent work…

TuesdayOct 06, 2020 4:20 am

420 with CNW – How Marijuana Businesses are Attracting, Retaining Older Customers Amidst the Pandemic

Marijuana retailers are implementing extra measures to attract and keep senior customers during this pandemic. Dispensaries that are senior-friendly revealed that they attracted more consumers by: Building lasting relationships with elderly people and their communities Training their employees to be more patient and helpful with older shoppers Offering special benefits to seniors such as discounts and seniors’ hours Adjusting their approach, taking into consideration the coronavirus pandemic According to a report that was published in the Annals of Internal Medicine journal, marijuana use by Americans between ages 65-69 grew between 2016 and 2018, with women’s use increasing to 3.8% from…

MondayOct 05, 2020 4:20 pm

420 with CNW – New Jersey Legislators Allow Medical Marijuana to Be Prescribed Through Telehealth

Legislators in New Jersey have passed a law that allows care providers to prescribe medical marijuana using telehealth. The legislation, S619, which was approved last week by the Assembly allows healthcare providers to prescribe medical cannabis through linked health channels to specific patients who have a hard time acquiring in-person care. This includes persons who are house bound, in hospice care, the terminally ill, children who are residents of long-term care facilities or patients that are developmentally disabled. Other patients will require an in-person consultation before advancing to a telemedicine channel. State Assembly members who sponsored the bill, Joann Downey…

MondayOct 05, 2020 11:38 am

Sugarmade (SGMD) 8K Filing Notes Status, Potential of Upcoming LA-Based Cannabis-Delivery Locations

SGMD has filed updated Form 8K Current Report with SEC Filing includes information about issues related to company’s status, including planned expansion of BudCars cannabis-delivery service Sugarmade sees “major business opportunities out of both sites once operations begin” Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, has released the publication of a Form 8K Current Report filing with the United States Securities and Exchange Commission (“SEC”) (https://cnw.fm/DbFD5). The filing includes specific information about several issues related to the company’s performance and outlook, including planned expansion of the BudCars cannabis delivery service. According to…

MondayOct 05, 2020 4:20 am

420 with CNW – Environmental Protection Groups Endorse Montana Cannabis Legalization Initiative

At the November ballot, Montanans will be voting on two separate marijuana measures; a statutory change that would create a system of legal cannabis access for adult-use as well as a separate constitutional amendment that would limit the market to those aged 21 and over. If they vote in favor of the statutory measure, possession of up to an ounce of cannabis would be legal. Additionally, residents would also be allowed to cultivate four plants and four seedlings at home. Submitted by New Approach Montana, both of the initiatives have been met with plenty of support, including from a coalition…

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Author: Chris@CNW