420 with CNW Archives - Page 123 of 297

FridayApr 08, 2022 4:20 pm

420 with CNW — White House Tight Lipped on Biden’s Views About Approved Federal Cannabis Legalization Bill

Last week, the House of Representatives approved a measure to federally legalize marijuana. However, hours after the bill’s passage, White House Secretary Jen Psaki declined to address whether President Joseph Biden supported this particular measure, instead stating that the president agreed that the country’s current cannabis laws weren’t working. The House passed the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, which is set to advance to the Senate. Psaki, who was also asked about President Biden’s position on the legislation, stated that the president agreed that the approach to marijuana policy needed to be reevaluated. She then repeated remarks that…

FridayApr 08, 2022 4:25 am

420 with CNW — Analysts Say Marijuana Unlikely to Be Legalized But Banking Reform Could Happen This Year

The past couple of years have been positive ones for cannabis. Dozens of states have legalized recreational and medical marijuana, granting millions of Americans access to a plant that had been outlawed for decades. Furthermore, the state-legal cannabis industry has been incredibly lucrative, generating billions of dollars in sales and creating hundreds and thousands of new employment opportunities. Despite these successes, cannabis is still criminalized by federal law. Consequently, drug reform activists, industry stakeholders and some lawmakers have been championing federal legalization. Not only would this open the cannabis market even more, but it would also allow the country to…

ThursdayApr 07, 2022 4:20 pm

420 with CNW — House Approves Federal Marijuana Legalization Measure

Last week, the U.S. House of Representatives approved a measure that would legalize cannabis across the country as well as eliminate criminal penalties for any individual who possessed, distributed or manufactured the substance. Legislators passed the Marijuana Opportunity Reinvestment and Expungement (MORE) Act in a 220 to 204 vote. The same act was approved in the House in 2021 but failed to advance in the Senate. This measure, which was sponsored by House Judiciary Chairman Jerrold Nadler, will deschedule marijuana from the government’s Schedule I classification under the Controlled Substances Act. It will also set up procedures for the expungement…

ThursdayApr 07, 2022 4:20 am

420 with CNW — Increasing Fuel Prices Are Pushing Marijuana Delivery Companies to Go Electric

The price of gasoline is increasing rapidly in various parts of North America, including in Canada and the United States. Figures from the American Automobile Association show that as of last week, the average price of gasoline has jumped to $4.25 per gallon, which is quite an increase when compared to its $2.87 per gallon price for last year. The Canadian Automobile Association has also observed the same upward trend, with the average national price of gasoline increasing to CA$ 1.72 per liter from its cost last year of CA$ 1.22 per liter. This increase has put pressure on marijuana…

WednesdayApr 06, 2022 4:20 pm

420 with CNW — Pastor Promotes the Spiritual Aspects of Cannabis Use

The last person you would expect to use cannabis would be a “person of the cloth.” However, Craig Gross isn’t a conventional Christian. Like many people who grew up during the prohibition era, he’s heard plenty of stories regarding the evils of cannabis. And in Gross’ case, he may have been taught to avoid drugs such as cannabis. Despite that, Gross, now a Christian evangelist and entrepreneur, uses cannabis to alleviate a physical condition. Actually using marijuana after years and years of negative messaging required plenty of mental fortitude. Once Gross made the leap, the controversial plant provided effects he…

WednesdayApr 06, 2022 4:20 am

420 with CNW — Genetic Testing and CBD Offers Hope to Children with Intractable Epilepsy

Epilepsy is a neurological condition that causes an individual to have recurrent and unprovoked seizures. Estimates show that roughly 470,000 children in the United States are living with epilepsy. The condition is usually diagnosed when an individual suffers from at least two seizures 24 hours apart. Epilepsy can be genetic, with research discovering more than 500 genes that may be linked to the disorder. It can also be brought about by fevers, infection, traumatic brain injuries and autoimmune diseases, which is referred to as acquired epilepsy. Despite the presence of a number of anti-seizure medications that can be prescribed to…

TuesdayApr 05, 2022 4:20 pm

420 with CNW — Firm Selected by DEA to Cultivate Research-Grade Marijuana Seeks NASDAQ Listing

A Fort Lauderdale, Florida-based company that has been tapped by the U.S. Drug Enforcement Administration (DEA) to cultivate cannabis for scientific research could soon make history by becoming the first American cannabis company to trade its shares on Nasdaq. Bright Green Corp. recently filed paperwork with the U.S. Securities and Exchange Commission to trade its shares under the moniker BGXX on the Nasdaq market. The Florida company noted in its SEC filing that the DEA had granted it “conditional approval” to produce cannabis for research purposes. Once the cannabis company receives regulatory approval, investment advisor EF Hutton will calculate its…

TuesdayApr 05, 2022 4:20 am

420 with CNW — Gamers Could See Cognitive Performance Boost from CBD

Competitive gamers usually undergo random drug screening for performance-enhancing drugs in various leagues, including the Electronic Sports League. CBD and THC are both compounds found in cannabis. While both compounds possess a number of beneficial properties, THC induces a high when consumed. THC (tetrahydrocannabinol) is one of the compounds that the league screens for. This compound may worsen mechanics that are necessary for gaming, including basic motor coordination for tasks such as organizing, making decisions and solving problems. Many believe that it is CBD (cannabidiol), instead, which should be screened for given the compound’s potential to enhance cognitive performance. Preliminary…

MondayApr 04, 2022 4:20 pm

420 with CNW — Biotech Firm Identifies Possible Pathways Explaining How Cannabis Could Help Kids With Autism

Decades after the United States outlawed cannabis and carried out a drug war that had devastating effects on Black and Brown communities, the controversial plant is gaining popularity as an alternative medicine. Although prohibition has significantly hindered cannabis research, studies show that cannabis can be effective against some medical conditions including chronic pain and post-traumatic stress disorder (PTSD). An early-stage biotech startup called Cannaformatics has recently published research in the “Cannabis and Cannabinoid Research” journal, showing how cannabis can interact with pathways in the brain to reduce autism in kids. Titled “The Potential of Salivary Lipid-Based Cannabis-Responsive Biomarkers to Evaluate…

MondayApr 04, 2022 4:20 am

420 with CNW — IRS Increases Audits of Cannabis Businesses After Lull Caused by Pandemic

The IRS has increased its audits of cannabis businesses after a long hiatus brought on by the coronavirus pandemic. Tax experts in the marijuana industry expect a new wave of audits to be conducted that target cannabis companies and their 2019 returns to be conducted, which may result in additional tax bills for these companies. Rachel Gillette, a tax attorney in Denver, states that the pandemic caused the IRS to slow down but now with things picking back up, the federal tax agency is running more audits in different parts of the country, particularly in places where marijuana is legal.…