420 with CNW Archives - Page 117 of 304

TuesdayJul 26, 2022 4:20 pm

420 with CNW — House Democrats Urge Senators to Approve Cannabis Banking Bill

Since the advent of America’s fledgling cannabis industry, licensed marijuana businesses have been unable to access banking services. Since federal law classifies cannabis as a Schedule I controlled substance, banking institutions avoid partnering with state-legal cannabis businesses. This has made such businesses prime targets for robberies and burglaries because they are forced to operate on a cash-only basis and tend to have thousands of dollars on site. House representatives have tried to pass cannabis banking regulations that would finally allow businesses in the state-legal cannabis industry to access much-needed banking services. However, these protections have failed to advance past the…

TuesdayJul 26, 2022 4:20 am

420 with CNW — President Biden Reaffirms Pledge to Fulfill Cannabis Campaign Promises

A few months after President Joseph Biden assumed office, his administration passed a major infrastructure bill that, among other things, provided billions of dollars for the development of a nationwide network of public electric vehicle chargers, fulfilling a promise he had made while on the campaign trail. However, the administration has been slow to pass the cannabis reforms President Biden had promised while campaigning, with Biden failing to make a definitive public statement about marijuana policy in the year and a half since he entered the Oval Office. After more than a year of silence on cannabis reforms, the president…

MondayJul 25, 2022 4:20 pm

420 with CNW — Malta, The Netherlands, Luxembourg and Germany Hold Joint Meeting on Cannabis Legalization

Officials from several European countries recently met to discuss the factors involved in legalizing adult-use cannabis amid a wave of cannabis reform across the region. The historic meeting is expected to be the first of several multilateral discussions and could be expanded to include other countries. The joint meeting involved representatives from The Netherlands, Malta, Germany and Luxembourg. Advocates have lauded the meeting, stating that it is critical to cannabis reform in Europe by allowing member states to coordinate their marijuana regulations and dealing with any pushback from the United Nations (UN). As it stands, the UN currently bans member…

MondayJul 25, 2022 4:20 am

420 with CNW — Report Says Nearly 300 Jobs Are Created Daily in Cannabis Industry

The marijuana industry has grown significantly these last few years. A good way to determine just how rapidly it has grown is to look at how many employment opportunities the industry has created thus far. A new report by Leafly reported that roughly 280 new marijuana jobs are created every day. Cumulatively, this added up to an estimated 428,000 jobs by January 2022, making this particular industry one of the fastest-growing employers in the United States. This growth is particularly impressive if someone considers that it has been less than a decade since the states of Washington and Colorado began…

FridayJul 22, 2022 4:20 pm

420 with CNW — Consumption Lounges Could Change Trajectory of Marijuana Industry

Nearly 20 states have now legalized recreational cannabis use. In these states, consumers aged 21 and older are allowed to purchase and consume cannabis for recreational purposes. However, most of these states have outlawed the public consumption of adult-use marijuana, meaning people have to consume their cannabis in private residences. Consequently, tourists face a unique challenge when it comes to recreational weed. While they are allowed to purchase cannabis in states with legal markets, they are rarely provided with a location to consume this cannabis, essentially making it impossible for them to consume cannabis unless they know a locale. Cannabis…

FridayJul 22, 2022 4:20 am

420 with CNW — NIDA Boss Says Decriminalization Can Help Address Drug Addiction Problem

For the past couple of decades, America’s solution to the drug crisis has been criminalization. Most pundits agree that this approach has failed spectacularly, ruining millions of lives and indirectly channeling billions of dollars to the criminal enterprises behind the drug trade. Millions of Americans who would have benefited from medical treatment were branded as criminals and forced to spend years of their lives in prison. The result is a country that largely views drug addiction as a criminal rather than public health issue. According to a top federal health official, the United States will have to overhaul its approach…

ThursdayJul 21, 2022 4:20 pm

420 with CNW — Study Finds That Safe Drug-Consumption Sites in NYC Reduce Overdose Risks

Safe drug-consumption sites, or locations where individuals with substance misuse disorders can consume illicit drugs under medical supervision, have been a controversial idea since they were first introduced. These sites have been designed to prevent drug overdoses by ensuring that people who use illicit drugs are in a safe environment when they use drugs and can receive the treatment they need. Unsurprisingly, the idea has faced plenty of political and legal challenges since federal law bans the use of most illicit drugs. Despite these challenges, research shows that safe consumption sites are effective at reducing the risk of overdosing. More…

ThursdayJul 21, 2022 4:20 am

420 with CNW — Revised Lawsuit Wants DOJ to Explain Gun Ban for Medical Marijuana Users

Dozens of states may now allow medical and recreational cannabis, but continued federal prohibition has been a major thorn in the state-legal cannabis industry’s side. Marijuana’s federal classification as a Schedule I drug has made it nigh impossible for cannabis businesses to access financial services and significantly hindered investment in the industry. Furthermore, federal prohibition has led to plenty of cannabis consumers being penalized for engaging in acts, such as purchasing and consuming cannabis, that are legal in their state. A recent lawsuit seeks to understand the rationale behind one such penalty: preventing medical marijuana users from purchasing guns. After…

WednesdayJul 20, 2022 4:20 pm

420 with CNW — Clinton Calls CBD Trial’s Results Encouraging for Pain Treatment

A recent press release by Orcosa highlights a statement made by former U.S. President Bill Clinton to the effect that the results of a clinical trial by NYU Langone, which tested the effectiveness of CBD in managing pain, were very encouraging. Clinton, who has in the past revealed that he used cannabis in his youth, has been keenly following the progression of these CBD trials. Orcosa is a life sciences company that is focused on modernizing the way drugs are taken through the use of its next-generation drug-delivery technology. The company supplied the CBD products used in the trial, which…

TuesdayJul 19, 2022 4:20 pm

420 with CNW — California Cannabis Businesses Unhappy with Recent Tax Reforms

Although California is home to the largest cannabis market in the country, it is vastly overshadowed by the illicit market. Compared to the $8.7 billion that illicit cannabis sellers earned in 2019, the legal market only brought in $3.1 billion. In a bid to increase legal sales and reduce the dominance of black market sellers, regulators in the state recently passed tax reforms that would reduce the tax burden on licensed cannabis businesses and make their products more affordable. However, cannabis businesses in California still aren’t satisfied with the tax cuts, claiming that they are too modest to have any…