420 with CNW Archives - Page 123 of 301

FridayMay 13, 2022 4:20 am

420 with CNW — Tips to Help You Get Your Cannabis Firm Ready for Sale

As hopes rise that the United States could soon legalize marijuana federally, many cannabis business owners are dreaming of the upcoming M&A frenzy that could provide a profitable way out of the startups they have founded. However, experts point out that only those marijuana companies that were properly prepared for eventual sale will attract the best deals. We discuss below some tips that can help a cannabis company prepare itself for sale. Mind your people, papers and profits To prepare your cannabis business for sale, pay close attention to the employees at the firm. Most people looking to buy a…

ThursdayMay 12, 2022 4:20 pm

420 with CNW — California Cannabis Firms Sell Assets, Narrow Focus

When the recreational marijuana industry was launched in California, the trend was for every company to be vertically integrated. This meant that everything was handled in-house from cultivation and manufacturing to packing, retail sales and distribution. As the industry has matured, the shortcomings of vertical integration have become all too apparent, and companies are divesting themselves of many divisions and operations in order to focus on their key competencies. NorCal Cannabis is one example of a marijuana company that has taken the route of shedding excess weight from its operations. In the beginning, NorCal went the vertical integration route, operating…

ThursdayMay 12, 2022 4:20 am

420 with CNW — Schumer Has Talked to Six GOP Senators About Bill

While speaking at a marijuana parade and rally in New York City last Saturday, Senate Majority Leader Chuck Schumer revealed that he had so far talked to half a dozen Republican senators about his upcoming federal legalization bill for marijuana. The annual NYC Cannabis Parade and Rally attracted notable attendees such as Jerrold Nadler, the chair of the Judiciary Committee in the U.S. House of Representatives. Nadler’s bill seeking to end cannabis prohibition federally was approved by the full House in April. During his speech at the rally in his home state, Schumer reassured event attendees that he was committed…

WednesdayMay 11, 2022 4:20 pm

420 with CNW — Illinois Cannabis Sales Resume Upward Trajectory

The recreational marijuana market in Illinois seems to be getting over the dip it experienced at the beginning of the year, state records show. According to figures released by the Department of Financial and Professional Regulation (IDFPR), a total of $132 million was registered from the adult-use cannabis sales made during the month of April. After enjoying strong sales toward the end of last year, there was an unexplained slump in the sales reported during January and February this year. However, the records for March and April indicate that the slump may be a thing of the past and the…

WednesdayMay 11, 2022 4:20 am

420 with CNW — Momentum Builds to Pass Marijuana Banking Bill in Senate

The number of Democratic and Republican senators showing their support for including marijuana banking in the COMPETES Act is growing, and this suggests that not all is lost in regards to enacting a marijuana policy reform this year. It should be noted that the marijuana banking bill was left out of the Senate version of the Innovation & Competitiveness Bill approved by the Senate, but it was included in the version passed by the House of Representatives. A bicameral conference has been established to work on the language of the final text, which will be forwarded to the desk of…

TuesdayMay 10, 2022 4:20 pm

420 with CNW — GOP Congressman Wants Committee Hearing on FDA’s Failure to Enact CBD Rules

The top-ranking Republican on a crucial House committee has written a letter to the committee chair requesting that a hearing be scheduled so that the U.S. Food and Drug Administration (FDA) can explain why it hasn’t established regulations for CBD products as well as the Delta-8 THC products that are currently abundant on the market. Representative James Comer from Kentucky wants the Oversight and Reform Committee of the House to analyze why the FDA has failed to exercise its oversight/regulatory function over the different products made from hemp, particularly CBD products. The GOP lawmaker adds that as a result of…

TuesdayMay 10, 2022 4:20 am

420 with CNW — UNM Study Suggests Cannabis Can Combat Fatigue

According to a data analysis conducted by a team of researchers at the University of New Mexico, cannabis flower can do a much better job of boosting your energy levels than other common substances such as energy drinks or coffee. Those substances are traditionally used to get a lift when energy levels are down. The team looked at the real-time data availed by medical marijuana users who have the Releaf app, an application through which cannabis users can track the marijuana products that they use and the effects that those products trigger. This study is important because many health conditions…

MondayMay 09, 2022 4:20 pm

420 with CNW — Cannabis Degrees: Industry at Crossroads on Making Hiring Decisions

One of the trends in the cannabis sector is the growing number of higher education institutions offering cannabis courses at all levels, including degree programs. This trend comes at a time when another trend — doing away with college degree qualifications — is sweeping through the human resources field. So should or shouldn’t marijuana companies hire people with college degrees? For starters, those arguing against college degrees in the cannabis industry or anywhere else say that those degrees create a widening divide that locks out a huge majority of people from the lucrative job opportunities available. Statistics show that a…

MondayMay 09, 2022 4:20 am

420 with CNW — NJ Legislators File Bills Seeking to Prevent Off-Duty Cannabis Use by Police

We reported about the controversy that had arisen when the New Jersey attorney general penned a memo clarifying that, under existing law, police officers aren’t barred from consuming cannabis while off duty. As a result of that memo, several bills have been filed in order to empower employers, including law enforcement agencies, to ban the use of marijuana by people occupying safety-sensitive jobs, including those in law enforcement. One of the three measures that have been filed aims at giving law enforcement agencies the authority to act against the police for consuming marijuana even while off duty. This particular measure…

FridayMay 06, 2022 4:20 pm

420 with CNW — Assessing Impaired Driving Is Evolving as Cannabis Legalization Spreads

When the current wave of marijuana legalization hadn’t fully taken root around the country, concerns about impaired driving mainly focused on alcohol. Today, impaired driving can be due to alcohol, cannabis and, in some few cases, medications. For a police officer looking for impaired drivers, there is a growing challenge to distinguish cannabis impairment from impairment caused by alcohol consumption. This is because there is no agreement about how much THC, the cannabis compound responsible for making users high, is sufficient to cause a driver to be impaired. Additionally, impaired drivers exhibit the same signs, such as swerving while driving,…