Chris@CNW, Author at CannabisNewsWire

ThursdayJan 04, 2024 4:20 pm

420 with CNW — California AG Says Interstate Marijuana Trade Would Attract Federal Enforcement

A recent letter from the California attorney general to state cannabis regulators has pretty much killed any hope of developing the interstate cannabis trade. Attorney General Rob Bonta sent a letter to the California Department of Cannabis Control (DCC) stating that businesses between licensed cannabis businesses in California and out-of-state entities could lead to “significant legal risk to the State of California,” as per the nation’s federal Controlled Substances Act. Although the controversial plant is legal in dozens of states for either recreational or medical consumption, federal law still classifies the substance as a Schedule I drug with no medical…

ThursdayJan 04, 2024 4:20 am

420 with CNW — Biden Issues Proclamation Pardoning All with Minor Cannabis Convictions

President Joe Biden recently issued a proclamation extending full and unconditional pardons to individuals previously convicted in the United States for the use or possession of cannabis. Simultaneously, he exercised executive authority to commute the sentences of 11 individuals serving excessively long terms for nonviolent drug offenses. These offenses included possession with the intent to distribute small quantities of methamphetamine (meth) and cocaine. In a released statement, President Biden emphasized the imperative of ensuring equal justice under the law. He underscored the consensus among elected officials from both political spectrums, faith leaders, civil rights advocates and law enforcement figures. The…

WednesdayJan 03, 2024 4:20 pm

420 with CNW — NORML Analysis Reveals 32,000 Studies on Cannabis Have Been Published in Past 10 Years

Over the past decade, researchers have contributed to the scientific discourse on cannabis through the publication of more than 32,000 papers, with 4,000 emerging in 2023 alone, according to NORML’s analysis. The comprehensive exploration challenges critics who state that marijuana lacks the necessary scrutiny to justify legalization. NORML’s data relies on keyword searches within the National Library of Medicine—PubMed.gov. This year marks the third consecutive occasion where the volume of marijuana-related papers surpassed 4,000, underscoring a sustained interest in understanding both the benefits and risks amid the ongoing legalization. Paul Armentano, NORML deputy director, highlighted the exponential growth in scientists’…

WednesdayJan 03, 2024 4:20 am

420 with CNW — New York Publishes Sample Job Descriptions to Help Employees, Companies in Legal Cannabis Industry

The state of New York’s labor department recently published sample job descriptions for various positions in the marijuana industry. Their intention is to allow prospective employees to evaluate their qualifications to work in different roles in the growing industry while also helping firms streamline hiring processes. In a statement, a representative of the department said that marijuana’s legalization had created significant opportunities, and the department of labor was committed to supporting businesses as well as those seeking employment in the state as the industry continued to expand. The department began posting the sample descriptions earlier this month. They include example…

TuesdayJan 02, 2024 4:20 pm

420 with CNW — Ukraine Lawmakers Pass Bill Legalizing Medical Cannabis, Send to President’s Desk

Legislators in Ukraine recently gave their final approval for a measure that will legalize the use of medical cannabis nationally. The measure has been forwarded to President Volodymyr Zelensky’s desk, who is in favor of reform, to be signed into law. The law shall come into effect six months after the president signs it. The measure will legalize medical marijuana use for patients diagnosed with serious illnesses and PTSD linked to the country’s ongoing war with Russia. Russia invaded Ukraine in February 2022, with experts noting this was an escalation of the Russo-Ukrainian war, which began in 2014. In order…

TuesdayJan 02, 2024 4:20 am

420 with CNW — Study Shows State-Level Cannabis Legalization Boosts Recruitment for College Basketball

A recent study conducted by researchers at Kennesaw State University and Georgia College and State University has established a link between cannabis legalization and its impact on recruitment outcomes for college sports teams. Delving into the dynamics of recreational marijuana policies and their influence on talent acquisition, the researchers examined recruiting data spanning from 2003 to 2019. Their findings, presented in the “Sports Economics Journal,” propose that cannabis legalization plays a major yet intricate role in shaping the landscape of college sports recruitment, particularly in football and basketball, warranting attention from NCAA leagues. The research revealed a positive correlation between…

FridayDec 29, 2023 4:20 pm

420 with CNW — Study Suggests CBD-Infused Tampons Could Be Effective Against Menstrual Pain

A recent study published in the “Endometriosis and Uterine Disorders” Journal has unveiled promising results regarding CBD-infused tampons for alleviating menstrual pain and severe cramps. The study’s authors posit that these CBD-infused tampons may present a more favorable option with fewer side effects compared to traditional anti-inflammatory medications, offering a parallel pain-relieving impact. The research team, comprised of six researchers, noted the following in their report: “The outcomes suggest that CBD-infused tampons hold potential as an effective solution for managing menstrual pain.” They emphasized the necessity for further exploration and research into the product, asserting its potential contribution to addressing…

FridayDec 29, 2023 4:20 am

420 with CNW — Florida GOP Senator Files Medical Cannabis Bill for 280E Relief

Last week, a senator in Florida introduced a measure that would allow licensed medical-cannabis businesses to claim tax deductions. At the moment, legal marijuana businesses in the country aren’t allowed to claim deductions because of section 280E of the IRS code, which bars deductions from being claimed for illicit substances. Section 280E prohibits businesses from deducting business expenses from gross income linked to the trafficking of Schedule I or II drugs. Currently, marijuana is still classified under Schedule I of the Controlled Substances Act. The measure, filed by GOP senator Ana Maria Rodriguez, would add Florida to a growing list…

ThursdayDec 28, 2023 4:20 pm

420 with CNW — Ohio Marijuana Sector in Limbo as Lawmakers Close for the Year

Last week marked the conclusion of the Ohio Senate and House’s final scheduled sessions for the year, yet the anticipated progress on cannabis legislation remained elusive. Despite both chambers convening on Wednesday, no cannabis-related bills were discussed, prompting questions about the proximity of a consensus between the Senate and House on the matter. Senate president Matt Huffman expressed uncertainty about the progress, noting that it was “challenging to determine. The provisions we endorsed, developed in collaboration with the governor and presented to the House have not received significant feedback.” In a bipartisan move, the Senate passed HB 86, advocating for…

ThursdayDec 28, 2023 4:20 am

420 with CNW — Investment Bank Expects Cannabis to Draw Millions of Customers from Alcohol

Analysis by a multinational investment bank has found that cannabis has grown into a “formidable competitor” to alcohol and will draw tens of millions of users over the next five years while alcohol loses several million drinkers. The TD Cowen analysis estimates that marijuana sales will hit a whopping $37 billion in 2027 as more states legalize cannabis and launch legal sales. Alcohol has been the main drug of choice for most Americans for nearly a century, but the beverage has been fielding increasing competition from cannabis in recent years. With 24 states legalizing recreational cannabis so far, tens of…

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Author: Chris@CNW