420 with CNW Archives - Page 100 of 268

MondayFeb 28, 2022 4:20 am

420 with CNW — USDA Survey Reveals Hemp Market Reached $824M Valuation in 2021

This week, the U.S. Department of Agriculture (“USDA”) revealed that the value of the hemp market in 2021 reached $824 million. The survey is the first federal study into the hemp sector, and the analysis is meant to be used as a benchmark for the sector’s economic impact. According to Hubert Hamer, an administrator for USDA National Agricultural Statistics Service (“NASS”), the report would provide producers, state governments, regulators, processors and other key players with benchmarks on hemp production. The Hemp Acreage and Production Survey was undertaken in collaboration with the University of Kentucky and the National Association of State…

FridayFeb 25, 2022 4:20 pm

420 with CNW — Wells Fargo Blames Shortage of Truck Drivers on Federal Cannabis Prohibition, Drug Testing

During a recent conference call, Wells Fargo Securities head of equity strategy Chris Harvey stated that federal cannabis criminalization plus the resulting mandates for drug testing have caused the worker shortages and increasing costs being observed in the transportation sector. He addressed this issue during the call, highlighting the challenges linked to marijuana testing within the trucking sector. Harvey explained that trucker costs, transportation costs and logistics were all increasing, noting this trend would persist for a while as drug testing was implemented in different states. Federal transportation regulations state that safety-sensitive roles require drug-testing policies. However, while opponents of…

FridayFeb 25, 2022 4:20 am

420 with CNW — New Study Reveals Benefits of Hemp Extract on Sleep Quality, Stress Management

A study using Charlotte’s Web Original Formula shows the positive effect of hemp extract products on managing stress and improving sleep quality. Charlotte's Web is well known for producing CBD oils, tinctures, capsules gummies, capsules and pet products made with hemp extracts. The company was part of the Radicle ACES (Advancing CBD Education and Science) study organized by Radicle Science, a health company that validates health and wellness products. The study relied on data from U.S.-based participants who used Charlotte’s Web Original Formula. The participants would use the product for four weeks and would be tracked for key health outcomes…

ThursdayFeb 24, 2022 4:20 pm

420 with CNW — Studies Find That Cannabis May Help with COVID-19 Recovery

New research has shown how cannabinoids may be helpful in post-COVID recovery. Surviving the deadly coronavirus is not easy. In most cases, the virus damages the body in ways that can be felt even after an individual tests negative. The most common symptoms of the coronavirus include shortness of breath, colds, fever and a dry cough. The severity and duration of symptoms is different for every individual; some will experience the symptoms for a much longer period. Other symptoms include difficulty breathing, fatigue, stomach pains, chest pains, muscle pain, brain fog, heart palpitations and headaches. The primary compounds found in…

ThursdayFeb 24, 2022 4:20 am

420 with CNW — WADA Announces Intention to Review Stance on Marijuana Ban

The World Anti-Doping Agency (“WADA”) will reassess its stance on whether marijuana should remain on the prohibited list. This comes after the incident where American runner Sha'Carri Richardson was forced to pull out of the Tokyo Olympic Games. During the U.S. Olympic Trials, Richardson’s 100 meters win was cut short after it was revealed that she had tested positive for cannabis. This led to her disqualification; she was also banned from competing for 30 days. Whether cannabis has a positive effect on an athlete is being challenged by the German Institute for Biochemistry. According to the institute, cannabis does not…

WednesdayFeb 23, 2022 4:20 pm

420 with CNW — PanXchange Launches Industrial Hemp Trading Platform

Earlier this week, PanXchange launched its industrial hemp trading platform, which is open to qualified CPG manufacturers, processors, growers and trade houses, waiving commissions and registration fees. PanXchange has created buyer-approved methodologies that are inclusive of farmers, both small and large. The platform is focused on creating benchmark pricing for improved risk management and physical commodity trading markets. PanXchange CEO Julie Lerner explained that since the legalization of hemp, the growth of the hemp industry has suffered greatly because of competition, overproduction, stigma in mainstream agriculture and subsequent mergers and acquisitions, which wasn’t helped by the coronavirus pandemic. Lerner added…

WednesdayFeb 23, 2022 4:20 am

420 with CNW — DEA Offers Help to Parents in Decoding Emojis Kids Use in Reference to Marijuana

A guide released by the U.S. Drug Enforcement Administration (DEA) reveals that people are buying and selling drugs on social media through emojis. The guide does not provide a thorough list of the emojis used, but it shows the efforts the agency is putting into monitoring discussions around the drug trade online. The DEA launched this guide as part of a campaign known as “One Pill Can Kill.” The goal of the campaign is to prevent an increase in overdose deaths as well as create awareness about counterfeit prescription drugs to parents, educators, teachers, the press and community organizations. Last…

TuesdayFeb 22, 2022 4:20 pm

420 with CNW — Latest Report Shows Record-Breaking 2021 Cannabis Sales in Colorado

Last week, the Department of Revenue in the state of Colorado released its cannabis sales figures for 2021, which show that the state broke another cannabis sales record last year as state officials reported more than $2.22 billion in marijuana purchases. The state’s 2020 sales record stood at $2.19 billion in cannabis purchases. These latest figures also show that Colorado took in more than $423 million in tax revenue from adult-use and medical cannabis sales in 2021. Since the retail market was launched almost eight years ago, marijuana sales have surpassed $12 billion. The department stated that the Cannabis Tax…

TuesdayFeb 22, 2022 4:20 am

420 with CNW — Canada Set to Launch First In-Airport Marijuana Retail Store

British Columbia’s Prince George Airport may soon host the first in-airport marijuana store in the world. Owen Ritz, the cofounder of Copilot, which is the retail brand that’s spearheading this project, revealed that its airport terminal store would be open by the beginning of summer after store construction was completed and further approvals required from the government were received. In a recent interview, Ritz explained that cannabis was a product that some individuals used to relieve stress and, given that travelling was a stressful experience, the store’s presence would benefit customers who were looking to buy cannabis products and potentially…

FridayFeb 18, 2022 4:20 pm

420 with CNW — Cannabis Flower Still Rules US Market, But Dominance Is Waning

Flower is the largest category for cannabis products on the U.S. cannabis market. However, its influence is slowly waning as the shift in demand for adult-use products grows. Recent sales figures from Headset, a research institute based in Oregon, reveal that the prices for flower are dropping in Colorado, California, Michigan, Oregon, Nevada and Washington state. Data shows that the price per gram of flower dropped in the six states by 14%. In January, the flower fetched around $6.78 per gram, dropping to $5.82 in December. The market share in those six states grew from about $5 billion in 2020…