420 with CNW Archives - Page 127 of 301

WednesdayApr 13, 2022 4:20 pm

420 with CNW — Four Factors Marijuana Companies Can Leverage to Tap the Low-Sugar Craze

The cannabis edibles segment has slowly been gaining popularity over the years, eventually generating $1.28 billion in sales in 2021. Cannabis companies have done this by incorporating cannabinoids such as THC and CBD into a wide variety of foodstuffs. However, one segment marijuana companies have had trouble breaking into is sugar-free foods. As people become more aware of the long-term effects of heavy sugar consumption, a growing percentage of the population is being drawn towards low-sugar alternatives. But with cannabis slowly shedding the “stoner” image and becoming more of a wellness product, TribeTokes CEO Degelis Tufts Pilla says cannabis companies…

WednesdayApr 13, 2022 4:20 am

420 with CNW — Thailand Foresees High-End Marijuana Tourism as Legalization Looms

As territories around the world legalize cannabis, a new segment dubbed “cannabis tourism” has emerged. Folks from countries and states that haven’t legalized cannabis travel to regions that have legal cannabis, bringing in millions of dollars in cannabis purchases. For example, in 2016, the Colorado Department of Revenue reported that around 6.5 million cannabis tourists had traveled to the state to purchase and consume marijuana. Thailand, which is one of the strictest countries in the world in terms of drug offenses, may soon be benefitting from cannabis tourism as well. The country's narcotics board recently announced plans to delist cannabis…

TuesdayApr 12, 2022 4:20 pm

420 with CNW — Illinois Officials Say Cannabis Sales Recovered to $131 Million in March

A report released earlier this week by the Department of Financial and Professional Regulation in the state of Illinois shows that the state recorded about $131 million in legal recreational marijuana purchases in March. The state broke its annual record for marijuana sales last year, with more than $1.4 billion in cannabis being sold. However, cannabis product purchases reduced during the first two months of this year. This new figure makes this the state’s second-highest recorded sales for adult-use cannabis since the industry’s opening in 2020. In the report, the department stated that last month, about $90.3 million in adult-use…

TuesdayApr 12, 2022 4:20 am

420 with CNW — House Approves Bipartisan Cannabis Research Measure Days After Approving Federal Legalization Bill

Earlier this week, the House of Representatives passed a bipartisan cannabis research measure designed to streamline research on marijuana, partly by permitting researchers to access products sold in state-legal dispensaries. This vote comes days after the chamber approved the MORE Act , which would federally legalize marijuana. The research measure, dubbed the Medical Marijuana Research Act, was sponsored by Rep. Andy Harris and Rep. Earl Blumenauer and was approved by the legislators in a 343 to 75 vote. Both the Senate and the House approved earlier versions of their separate marijuana research measures in 2020. However, none of these bills…

MondayApr 11, 2022 4:20 pm

420 with CNW — Schumer Reaches Out to GOP Senators for Input on Upcoming Cannabis Legalization Bill

Senate Majority Leader Chuck Schumer has made his support for cannabis reform quite clear. Last year he revealed that he was working on a bill that would federally legalize cannabis and he has stated that he would act on cannabis legislation with or without President Joe Biden's approval. However, efforts to pass some kind of marijuana legislation, whether it is widespread reform or cannabis banking, have been held back by the GOP. Cannabis legalization is one of the many things Republicans and Democrats can’t seem to agree on. While a lot of Democrats believe that legalizing cannabis would be beneficial…

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…

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