420 with CNW Archives - Page 110 of 312

WednesdayNov 09, 2022 4:20 pm

420 with CNW — Bipartisan Legislators Push Federal Government to Free American Jailed in Russia

Twenty-five members of Congress from both sides of the political aisle have signed a letter requesting President Joe Biden’s administration, and particularly the State Department, to ramp up diplomatic actions aimed at securing the freedom of an American citizen who is currently in a Russian jail for possessing medical cannabis. The bipartisan letter is spearheaded by Democratic Senator Bob Casey from Pennsylvania, Republican Representative Guy Reschenthaler from Pennsylvania and Democratic Representative Conor Lamb, also from Pennsylvania. The American in question, Marc Forgel, had a 14-year custodial sentence slapped on him after he pled guilty to possessing a small amount of…

WednesdayNov 09, 2022 4:20 am

420 with CNW — Another Study Indicates Cannabis Legalization Reduces Risks of Exposure to Tainted Vapes

In 2019, there was an outbreak of lung injuries and some fatalities linked to the consumption of contaminated vape products, many of which had vitamin E acetate added to them. A new study, conducted by a joint team of Johns Hopkins University, the American Heart Association and New York University, has found that those EVALI cases were more prevalent in states that had prohibitionist laws as compared to states with legal marijuana markets. The researchers analyzed data sourced from the Centers for Disease Control and Prevention as well as data from Behavioral Risk Factor Surveillance System (BRFS). Both data sets…

TuesdayNov 08, 2022 4:20 pm

420 with CNW — Schumer Reveals That Cannabis Banking, Expungements Law Is Close

During a recent debate hosted by Spectrum News, Senate Majority Leader Chuck Schumer stated that Congress was very close to introducing and approving a cannabis measure with provisions to cover banking access for legal businesses and expungements of past convictions. When asked about a separate bill to legalize marijuana that he’d filed earlier this year and whether he felt it would have made more sense to promote more studies into cannabis before putting an end to prohibition, Schumer stated that while research was extremely important, most states had already approved marijuana legalization, which meant that the policy was inescapable. The…

TuesdayNov 08, 2022 4:20 am

420 with CNW — Delta-9 THC from Hemp Exposes Legal Loophole, Stirs Controversy

When the 2018 farm bill was passed, hemp and all its derivatives were legalized nationally as long as the hemp used didn’t exceed 0.3% THC on a dry-weight basis. In Missouri, one entrepreneur has made a seltzer using delta-9 THC extracted from hemp, and he believes his invention is perfectly legal since it isn’t made from marijuana and the total THC content doesn’t exceed the threshold set for industrial hemp. Joshua Grigaitis, the owner of a company called Mighty Kind, is the man who seems to be pushing the legal limits of the 2018 farm bill. He asserts that his…

MondayNov 07, 2022 4:20 pm

420 with CNW — Many Ohio Physicians Find Marijuana Helpful for Pain

A new survey conducted by Ohio’s state medical board has discovered that most physicians in the state who recommend medical cannabis were satisfied with the drug’s effectiveness in treating patients with cancer, pain, post-traumatic stress disorder (“PTSD”) and fibromyalgia. The state medical board surveyed 648 physicians who all possess certificates that allow them to recommend medical cannabis to patients in Ohio, between July 1, 2022, and August 31, 2022. Of the total number of licensed physicians who recommend cannabis, 583 doctors completed online surveys. It should be noted that not all doctors answered every question. The survey discovered that roughly…

MondayNov 07, 2022 4:20 am

420 with CNW — German Plan to Legalize Cannabis Won’t Permit Imports

The government of Germany recently published a proposal detailing its plans to legalize and regulate the recreational use of marijuana. The 12-page plan excludes cannabis imports, which means that the plant will be cultivated in the country. This will be a blow to some global producers who had plans to import their products into Germany, which is said to be the biggest economy in Europe. In a news conference last week, the country’s Health Minister, Karl Lauterbach, stated that plans were underway to ensure complete cultivation in Germany. The proposal, which was endorsed by the German cabinet, suggests that the…

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…