420 with CNW Archives - Page 125 of 308

FridayJun 17, 2022 4:20 pm

420 with CNW — Report Says Marijuana Banking, Criminal Expungement Could Be Federally Approved This Year

A new report has revealed that legislators may pass federal cannabis banking reform this year as long as it is combined with existing cannabis expungement legislation. Due to federal prohibition, businesses in the cannabis sector have been unable to access banking and loan services, forcing them to operate on a cash-only basis and limiting their growth opportunity. The lack of cashless payments has been a particularly touchy issue as it makes it difficult for marijuana businesses to track their finances and keep up with their taxes; it also makes them prime targets for burglaries and robberies. Politico reported that Senate…

FridayJun 17, 2022 4:20 am

420 with CNW — New Details Emerge on Possible Congressional Omnibus Bill on Marijuana Policy Reform

Two members of Congress have revealed that high-level legislators are discussing putting together a package of cannabis proposals that could be enacted in a marijuana omnibus law this year. Furthermore, sources have revealed that these discussions cover a wide range of issues, not just the expungement and cannabis banking reforms that have been the crux of cannabis discussion in recent times. The two Congressmen revealed that the discussions involve incremental reform and comprehensive cannabis legalization. Those in the know say that these discussions have the potential to result in actionable, bipartisan cannabis policy, a feat that has eluded Congress for…

ThursdayJun 16, 2022 4:20 pm

420 with CNW — Congressional Researchers Find Legalization of Marijuana Is Affecting Mexican Cartel Profits

Procannabis policies across America are achieving one key objective of legalization: drawing consumers away from the illicit market and reducing illegal sales. According to a report from Congressional researchers, cannabis legalization in America and Canada has dampened the demand for illegal cannabis from Mexico. The report from the Congressional Research Service (CRS) is an updated version of one released in 2020 and contains fairly consistent language with the 2020 version. Like the 2020 report, it shows how cannabis reform and legalization have affected the international drug trade. Analysis from the CRS showed that U.S. seizures of smuggled cannabis started to…

ThursdayJun 16, 2022 4:20 am

420 with CNW — White House FAQ Reveals That Prospective Interns Will Be Asked About Past Cannabis Use

Earlier this week, the Biden Administration announced that individuals who would like to intern at the White House would be required to disclose any previous drug use. This is despite repeated requests to stop penalizing employees who admit to past use of cannabis. A new White House Internship program FAQ states that applicants going through the hiring process will be required to fill out a security clearance form. The data collected by this form may affect the eligibility of the candidates, especially if it includes information on past consumption of marijuana, even if it was legal under state law. In…

WednesdayJun 15, 2022 4:20 pm

420 with CNW — The Do’s and Don’ts as Thailand Eases Marijuana Restrictions

Thailand has become the first country in Asia to decriminalize the cultivation and sale of marijuana. However, Thai residents won’t be living in a recreational cannabis paradise anytime soon. The Asian country plans on enacting strict cannabis policies and tough penalties for anyone caught indulging in recreational weed. According to Thai Health Minister Anutin Charnvirakul, the move is meant to boost Thailand’s economy by tapping into the billion-dollar medical cannabis industry. Anutin cautions against using cannabis recreationally as the country still has laws that control the consumption of marijuana products in a “nonproductive” way. Rather than launch a recreational market,…

WednesdayJun 15, 2022 4:20 am

420 with CNW — Senator Asks Congress to Allow Cannabis Businesses to Access Business Loans

America’s cannabis industry exists in a sort of limbo. Although dozens of states now allow the cultivation and sale of cannabis to adults aged 21 and older, federal law still outlaws the plant and considers it a Schedule I controlled drug. This means that even though licensed cannabis businesses are seen as legal commercial enterprises by many states, they cannot access many of the services other industries enjoy. One such service is benefits and grants from the federal government. Cannabis businesses felt this most acutely during the coronavirus pandemic when the national government deployed aid funds to businesses through the…

TuesdayJun 14, 2022 4:20 pm

420 with CNW — Study Concludes Cannabis Is Safe, Effective in Treating Cancer Pain

Israeli researchers recently published a scientific paper proving that cannabis has the potential to provide chronic pain relief to patients undergoing cancer treatment. Such patients are typically prescribed pharmaceutical painkillers to manage their pain during treatment. But while these drugs can be effective at reducing pain, they tend to cause adverse side effects such as addiction. Researchers have been on the lookout for a drug that can provide the same pain relief without any of the side effects for quite a while. The paper notes that while medical cannabis can also have side effects, those effects can be categorized as…

TuesdayJun 14, 2022 4:20 am

420 with CNW — How Patients Can Access Free Medical Cannabis in California

By the start of 2022, more than 30 states had legalized medical marijuana. Research has found that cannabis can be quite effective at alleviating medical conditions such as chronic pain, insomnia and post-traumatic stress disorder (PTSD). However, medical marijuana isn’t always cheap; according to Americans for Safe Access executive director Debbie Churgai, the number-one barrier to medical cannabis access is affordability. Furthermore, federal prohibition means that insurance providers do not provide coverage for medical cannabis even if it is prescribed by a doctor. This often leaves those who need medical marijuana the most with no affordable way to access it.…

MondayJun 13, 2022 4:20 pm

420 with CNW — U.S. Mayors Pass Measure Urging Congress to End Cannabis Prohibition

Earlier this week, the U.S. Conference of Mayors approved a resolution that would protect banks which work with state-legal cannabis businesses from federal penalties. This organization representing mayors passed the measure during its 90th annual meeting. In 2021, the body adopted a different resolution that promoted social equity in the growing marijuana industry and called for an end to federal marijuana prohibition. This latest measure expresses support for federal measures to legalize marijuana, including the Cannabis Administration and Opportunity Act, which is being finalized in the Senate, and the Marijuana Opportunity, Reinvestment and Expungement Act (MORE Act), which was approved…

MondayJun 13, 2022 4:20 am

420 with CNW — Strategies to Consider When Growing Marijuana in Different Markets

Companies that grow marijuana in a number of states need to use various strategies, depending on several variables in order to effectively compete in this burgeoning industry. Those variables include the climate, what consumers are willing to pay for a product and the maturity of the market in the state. Experts believe that for companies and their cultivators to maximize profits while preserving the integrity of the plants they grow, they need to align with the trajectory of the market they are involved in. So what should growers take into consideration when growing cannabis in more than one state? Mature…

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