420 with CNW Archives - Page 108 of 309

FridayNov 04, 2022 4:20 pm

420 with CNW — Debt Financing Outstrips Equity in the US Cannabis Industry

According to the latest statistics from Viridian Capital Advisors, more and more marijuana companies are opting for debt financing as opposed to equity financing in the United States. Viridian Capital Advisors is a company that advises marijuana entities on strategy and M&A as well as on how to access or raise capital. According to Viridian Capital, debt financing now commands 93% of all financing secured by marijuana companies that focus on retail or cultivation, while the industry average for debt financing stands at 55.7%. It should be noted that year-to-date figures show a decline in both equity financing as well…

FridayNov 04, 2022 4:20 am

420 with CNW — Federal Commission Considers Amending Sentencing Guidelines on Past Cannabis Use

Before states began legalizing cannabis in the late nineties and early 2000s, the plant had been prohibited across the country for decades. Over the years, tens of thousands of Americans were convicted and imprisoned over cannabis-related charges, with a majority of them being people of color. Even though dozens of states now allow medical and recreational cannabis use, plenty of people are still held back from fully participating in life by cannabis offenses on their records. Hundreds of thousands of people have been arrested for cannabis-related offenses in the past couple of years and cannabis arrests overall make up more…

ThursdayNov 03, 2022 4:20 pm

420 with CNW — New Jersey Legislators Approve Bill Offering Cannabis Businesses Limited 280E Tax Workaround

The State Assembly in New Jersey has approved a proposed bill that seeks to give cannabis businesses in the state leeway to deduct some of their expenses as they file their state tax returns. This is a partial solution to the heavy tax burden that these companies struggle with because of the 280E federal tax policy section, which bars entities dealing in prohibited substances from claiming any federal tax deductions. The bill, introduced by Assemblymember Annette Quijano, received 60 to 6 vote, showing overwhelming support, and now heads to the state senate for further consideration and a vote before it…

ThursdayNov 03, 2022 4:20 am

420 with CNW — AOC Calls Out Biden for Excluding Undocumented Immigrants from Cannabis Pardons

Last week, Rep. Alexandria Ocasio-Cortez stated that President Joseph Biden’s cannabis pardon proclamation was limited because it exempted noncitizens, who made up most of the federal possession cases. During the interview with Pod Save America, the congresswoman emphasized the importance of having a Democratic party that stood up for the immigrant population through the enactment of policies that were more inclusive. She argued that while the presidential pardon should be applauded, it wasn’t inclusive because the proclamation exempted convicted individuals who were undocumented. This is despite the fact that about 90% of individuals who would have benefited from the pardon…

WednesdayNov 02, 2022 4:20 pm

420 with CNW — German Government Approves Cannabis Legalization Framework, But EU Sign-Off Critical

The federal cabinet in Germany has approved a framework through which marijuana could be legalized in the country. However, escalating the proposal to a legalization law is subject to approval by the European Commission as well as international law. In recent weeks, a number of details have been surfacing on local and international media indicating some of the provisions included in the legalization framework. The plan was finally tabled before the full cabinet last Wednesday and its contents became readily available to the wider public. The cabinet approved the plan, and that brings it a little closer to making its…

WednesdayNov 02, 2022 4:20 am

420 with CNW — New Poll Shows Most Americans Think Tobacco, Alcohol More Harmful Than Cannabis

As the perception of marijuana continues to evolve, a growing number of Americans now hold the view that this prohibited substance isn’t as harmful as tobacco and alcohol, both of which are legal across the country. This sentiment was captured in a survey conducted by Monmouth University. The survey results were published last week. The nationally representative poll found that 54% of those interviewed were convinced that alcohol was more dangerous compared to cannabis while 38% thought the two substances carried equal levels of danger. Only 7% thought marijuana was more dangerous than alcohol. When it came to tobacco, 45%…

TuesdayNov 01, 2022 4:20 pm

420 with CNW — Biden Boasts That Marijuana Pardons Have Changed Lives of Thousands

Earlier this month, President Joseph Biden issued a mass pardon for individuals who had been convicted of simple possession of cannabis at the federal level. A full presidential pardon usually restores an individual’s state and federal civil rights and eliminates any consequences brought on by a federal conviction. President Biden also gave a directive that the scheduling of cannabis be reviewed by the Department of Health and Human Services and the Department of Justice. The resulting recommendation may see marijuana placed in a lower schedule or descheduled altogether, which will legalize it under federal law. The U.S. Health and Human…

TuesdayNov 01, 2022 4:20 am

420 with CNW — Floridians to Start Buying Cannabis at Circle K Gas Stations

Under the terms of a new partnership agreed up between Green Thumb Industries and Circle K, residents of Florida will soon have the opportunity to buy their favorite marijuana products at select Circle K gas stations. While making this announcement, Green Thumb clarified that the marijuana outlets will have separate entrances from those used to access the convenience stores at Circle K stations. Subject to consumer response, additional Green Thumb outlets could be established at more Circle K stations. The current arrangement is for these retail outlets to be established at 10 select Circle K locations. The company that owns…

MondayOct 31, 2022 4:20 pm

420 with CNW — Marijuana Could Become Legal in These Five States After Midterms

The recreational use of cannabis could be legal in one-half of America if the states with marijuana measures on their ballots approve them in November. The states of North Dakota, South Dakota, Missouri, Maryland and Arkansas have proposals on their ballots for their voters to consider legalizing the recreational use of cannabis. If approved, these states would join the District of Columbia and 19 other states that have legalized recreational marijuana. It has been 10 years since Washington, DC, and Colorado legalized recreational marijuana. Since then, prohibition has reduced across the nation, in smaller rural states such as Vermont and…

MondayOct 31, 2022 4:20 am

420 with CNW — AMA Poll Finds 67% Support Congressional Action on Cannabis Banking

A new opinion poll commissioned by the American Bankers Association has found that two out of every three Americans would like Congress to approve a law allowing state-legal cannabis companies to have access to traditional banking services, including access to loans and checking accounts. This survey was focused on two questions. First, the poll wanted to know whether Americans felt cannabis businesses licensed in states with legal cannabis markets should be in position to get access to basic banking services. The second question sought the opinion of respondents regarding whether or not Congress needs to act on cannabis banking reform.…