Chris@CNW, Author at CannabisNewsWire

WednesdayAug 14, 2024 4:20 pm

420 with CNW — Nebraska’s Judiciary Committee Considers Measures to Legalize, Regulate, Tax Adult-Use Marijuana

The Nebraska Judiciary Committee recently reviewed two proposals aimed at legalizing cannabis for adults aged 21 and older. Senator Justin Wayne introduced LB52, which outlines a regulatory structure for the marijuana industry, including a 25% sales and excise tax on marijuana products. The tax revenue would be allocated to the Education Future Fund. Additionally, LB52 proposes the creation of the Nebraska Marijuana Enforcement Commission to supervise the sector, administer licenses and impose sanctions for infractions. Another proposal, LB71, was put forward by Senator Terrell McKinney. This bill also seeks to legalize recreational marijuana but suggests a 16% sales and excise…

WednesdayAug 14, 2024 10:00 am

As Legalization Spreads, Trump Now Says Marijuana Criminalization Is Wrong

During a recent press conference, former President Donald Trump agreed that individuals should not be criminalized over cannabis, seeing as it was being legalized in different parts of the country. He added that he would soon reveal his position on the marijuana legalization bill on the November ballot in Florida, where he is a resident. A reporter had asked Trump about the current administration’s push to reschedule marijuana as well as statements made by Vice President Kamala Harris on how individuals need not be incarcerated over simple marijuana offenses. Trump responded, noting that it was hard to have individuals in…

TuesdayAug 13, 2024 4:20 pm

420 with CNW — Marijuana Companies Are Incorporating Reused Inputs in Packaging

While quantifying the exact amount of waste produced by the regulated cannabis sector is challenging, it’s evident that the waste generated is substantial. According to the National Cannabis Industry Association, cannabis byproducts in landfills contribute to an increase in carbon emissions of about 27,876 metric tons annually. Additionally, a 2020 study indicated that the U.S. marijuana industry produced approximately 1,754 tons of fresh and 520 tons of dry-weight trash that year. This figure does not even include packaging waste, which could potentially surpass the estimated biomass waste. Disposable vaporizers have become increasingly popular in the last few years due to…

MondayAug 12, 2024 4:20 pm

420 with CNW — Kamala Harris Backs Marijuana Legalization, a First for Major Presidential Candidate

Vice President Kamala Harris’s opinions on marijuana have changed over time, much like those of many other Americans. Back in 2010, she urged voters to reject a ballot measure that sought to legalize recreational marijuana when she was the district attorney for San Francisco. Her position at the time was in accord with that of a majority of California voters, of whom 54% eventually voted against the initiative. However, the perspective on marijuana began to change not long after. By 2016, California voters had passed Proposition 64, which legalized cannabis throughout the state. Then, in 2019, as California’s junior senator,…

MondayAug 12, 2024 12:00 pm

Lexaria Bioscience Corp. (NASDAQ: LEXX) Releases Q3 2024 Financial Results; Offers a Roadmap for its Key GLP-1 Study Program

The company provided updates for its study programs for 2024, with a focus on its glucagon-like peptide-1 (“GLP-1”) agonist research program, targeting a significant step up in addressing worldwide diabetes and obesity, a tremendous market Lexaria has its Human Pilot Study #3 lined up, as well as its chronic dosing human study, both studies will begin dosing later this year Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, just released its fiscal report for the third quarter of the 2024 financial year (“Q3, 2024”). Of note was growth in cash and marketable securities from $1.5 million during…

MondayAug 12, 2024 10:00 am

Australian Farmers Look to Tap Continental Opportunities as Cannabis Laws Ease

The marijuana business in Australia is booming, with farms in the country expanding to capitalize on growing demand. Estimates show that global legal marijuana spending may hit $153 billion by 2027. This is quite an increase, especially when compared to the $56 billion spent in 2022. While most of the growth has been driven by consumers of recreational marijuana in the United States, companies in Australia are focusing on the medical marijuana side of this market. Numbers of medical marijuana patients in Europe are expected to increase by more than 230% during the next four years. This may significantly bolster…

FridayAug 09, 2024 4:20 pm

420 with CNW — Chinese Money Launderers Taking Over Marijuana Trafficking in US

For decades, Chinese criminal organizations have covertly operated in major U.S. cities such as New York and San Francisco. Their activities, which include cybercrime and wildlife trafficking, have largely flown by without law enforcement noticing due to their nonviolent nature. Historically, these groups have remained more active and visible in the Pacific and Asia, especially in nations such as Singapore and Australia, where they have targeted Chinese companies with their money-laundering operations. However, their new partnerships with drug-trafficking groups in Latin America have elevated them to the status of leading money launderers globally. In 2018, the U.S. Drug Enforcement Administration’s…

FridayAug 09, 2024 10:00 am

Analysis Shows Recalls Woefully Slow in Removing Potentially Contaminated Cannabis from Circulation

A recently conducted analysis has determined that most cannabis recalls are circulated too late, even when products contain unhealthy levels of pesticides or mold. This comes at a time when a growing number of people are raising concerns about product safety. The analysis focused on product recalls in the following state-regulated cannabis markets: New York, Michigan, Massachusetts, Colorado and California. CANNRA executive director Gillian Schauer said that states had different authority and capacity to recall products. The analysis determined that in some of these markets, recalls weren’t frequent, despite claims made by state authorities and whistleblowers that testing laboratories were…

ThursdayAug 08, 2024 4:20 pm

420 with CNW — New Poll Suggests Florida Cannabis Ballot Measure Has Ample Bipartisan Support to Pass

A new survey reveals that Florida’s initiative to legalize marijuana, set to be on the ballot in November, has enough support to potentially pass, boasting majority approval across various demographic groups. The poll, conducted by the University of North Florida (UNF), indicates that 64% of likely voters favor the marijuana reform proposal. This percentage exceeds the 60% threshold needed to amend the state constitution. The survey respondents were provided with the complete text of Amendment 3 as it will appear on the ballot. The data shows that Democrats are the most supportive group, with 79% backing the initiative, independents at…

ThursdayAug 08, 2024 10:30 am

CannaCon Midwest Cleveland Convention To Focus On The Local Community

Cannabis growers, traders, license holders, physicians, patients, regulatory authorities, capital investors, professionals, and enthusiasts are invited to attend the CannaCon Cleveland Conference at the Huntington Convention Center, Cleveland, on October 3-4, 2024. The venue of the event, the Huntington Convention Center is situated in the heart of downtown Cleveland, near the legendary Rock & Roll Hall of Fame and the International Women’s Air & Space Museum, among others. The CannaCon event offers a robust platform for the local cannabis community, with two full days of innovation, learning, networking, and collaboration. Exhibitors from around the world will be pitching their latest products…