420 with CNW Archives - Page 103 of 307

MondayNov 28, 2022 4:20 pm

420 with CNW — Senator Introduces Measure That Will Accord Cannabis Companies Small Business Loans

America’s cannabis industry may be one of the fastest-growing industries in the country, but players in the sector often have to deal with a variety of limitations due to federal prohibitions. For instance, cannabis businesses are largely unable to access financial services even though they generate billions of dollars in taxes. The industry is also wholly excluded from financial assistance from the federal government because cannabis trade is considered illegal at the federal level. As a result, businesses in the sector were unable to access federal financial assistance during the coronavirus pandemic even though cannabis was deemed an essential product…

MondayNov 28, 2022 4:20 am

420 with CNW — Governor Beshear Signs Order Partially Legalizing Medical Cannabis in Kentucky

Lawmakers in Kentucky, a state with one of the most restrictive cannabis laws in the country, have taken the first steps to loosen its marijuana policies. Kentucky Governor Andy Beshear recently signed an executive order that legalized the possession and consumption of medical marijuana by qualifying Kentuckians on the condition that the cannabis was legally purchased outside the state. Qualifying individuals will also be restricted to less than eight ounces of medical marijuana. Although dozens of states now allow medical and recreational cannabis, 13 states including Kentucky have still banned both medical and adult-use marijuana. In spite of this prohibition,…

WednesdayNov 23, 2022 4:20 pm

420 with CNW — Florida Commissioner to Appeal Dismissal of Case on Gun Rights of Marijuana Users

Nikki Fried, the outgoing agriculture commissioner in Florida, has said that she is going to appeal against the dismissal of a case she filed earlier this year regarding the gun rights of patients registered with the state’s medical marijuana program. In that suit, she and the plaintiffs argued that it was wrong for medical cannabis patients to be denied the right to buy and own firearms. This was a violation of second amendment rights, the lawsuit argued. However, the presiding judge, Allen Winsor, dismissed the case arguing that federal law took precedence over state law and that the voter measure…

WednesdayNov 23, 2022 4:20 am

420 with CNW — 2020 Marijuana Possession Arrest Statistics Raise More Questions Than Answers

FBI records show that 317,793 individuals were arrested inside the United States for possessing marijuana in 2020. Given that 19 states allow recreational marijuana to be sold and consumed by adults, these FBI figures bring plenty of questions to mind. First, the data seems to suggest that the number of people who were arrested for possessing marijuana declined, yet again, from the number of arrests made in previous years. For example, at least 500,000 people were arrested for possession of marijuana in 2019. If the number for 2020 is just over 300,000, what is the problem? The problem is that…

TuesdayNov 22, 2022 4:20 pm

420 with CNW — Incoming Governor Says Cannabis Legalization Could Happen in Minnesota

During a recent radio appearance, incoming Minnesota governor Tim Walz suggested that state lawmakers could pass a recreational cannabis measure in the next legislative session. The Democrat said during the Friday morning show on WCCO that cannabis in Minnesota could finally happen in 2023. Senate Democrats have not stated outright that they will advance cannabis legalization, but they have majority numbers and will be able to go around any pushback offered by GOP senators. On the other hand, House Democrats seem to be ready to approve marijuana legalization in the state if the matter lands on the floor. House Speaker…

TuesdayNov 22, 2022 4:25 am

420 with CNW — Marijuana Research Bill Heads to Biden’s Desk After Senate Approval

Only a few weeks have passed since President Joseph Biden directed that a medical review be conducted on the categorization of marijuana in the Controlled Substances Act and also issued mass pardons for simple cannabis possession convicts. Now the upper chamber of Congress has approved a bill easing marijuana research, and that bill is headed to the president for enactment. The passage of this bill is notable because it is the first time that a bill focused on marijuana policy reform has succeeded and been forwarded to the president. Before the vote was cast on the Senate floor, Majority Leader…

MondayNov 21, 2022 4:20 pm

420 with CNW — Marijuana Legalization’s Chances Improve in Pennsylvania as More Democrats Join House

Cannabis legalization activists in Pennsylvania have taken one step closer to potentially legalizing the drug after Democrats claimed a majority in the House. Democrats have been major supporters of cannabis legalization, as they are with most progressive issues, and the members of the left have been responsible for crafting several legalization measures. One of the many issues legalization proponents have had to deal with is Republicans who staunchly opposed allowing cannabis for medical or recreational use. Now that Pennsylvania Democrats recently announced that they had secured enough seats in the midterms to effectively take control of the House, the chances…

MondayNov 21, 2022 4:20 am

420 with CNW — Missouri DHHS Releases Draft Marijuana Rules Days After Ballot Measure Approval

Americans in five states have had the chance to vote on cannabis legalization during the Midterm elections. In Missouri, voters approved a cannabis legalization initiative dubbed Amendment 3, which would allow adults age 21 and older to purchase and possess up to three ounces of marijuana. Adults would also be able to grow up to six immature plants, six clones and six flowering plants at home once they secure a registration card. The initiative was pushed by Legal Missouri 2022, a campaign that worked for months to convince Missourians to vote in favor of the measure. Missouri lawmakers have acted…

FridayNov 18, 2022 4:20 pm

420 with CNW — How Would the Passage of SAFE Banking Impact Marijuana-Specific Finance Companies?

As marijuana legalization spreads across the United States, many companies have worked to address the industry-specific challenges that operators faced, particularly with regard to access to financial services, insurance, legal, compliance and regulatory issues as well as the security challenges created by the cash-only operations of many marijuana companies. There is speculation and hope that the SAFE Banking Act, or another version of this law, could be passed in this coming lame duck session of Congress. How will such a law impact the companies that stepped in to serve cannabis businesses? Some in the industry, including Tyler Beurlein, who works…

ThursdayNov 17, 2022 4:20 pm

420 with CNW — Voters in California Approve 12 Measures Expanding Marijuana Retail

During the recently concluded midterm elections, marijuana measures were on the ballot in nearly two dozen California localities seeking to permit recreational sales to commence in those jurisdictions. A dozen of those measures got voter approval, and an analysis of each locality reveals interesting factors that seemed to have played a role in determining the ballot outcome. For example, most coastal cities are described by marijuana advocates as “cannabis deserts” because retail sales aren’t permitted there. It should be noted that these locations are populated by the affluent, and this demographic seems uncomfortable having retail stores in their backyard. However,…

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