420 with CNW Archives - Page 129 of 301

WednesdayMar 30, 2022 4:20 am

420 with CNW — NIDA Director Surprises GOP Senator by Asserting Legalization Hasn’t Increased Adolescent Marijuana Use

Last week, a top federal drug official restated that marijuana use among teenagers has not increased in states where cannabis is legal. This astonished a GOP senator, who said that he awaited a different outcome that would be similar to the alcohol-related trends. The issue was addressed by Nora Volkow, director of National Institute on Drug Abuse (NIDA), during a hearing in front of the Senate Health, Education Labor & Pensions (HELP) Committee. She raised concern on the possible health risks from overall marijuana use. Through the evidence, she made it clear that the facts did not reinforce the common…

TuesdayMar 29, 2022 4:20 pm

420 with CNW — UK Attorney Manufactures Wigs from Hemp as Horsehair Wig Alternatives

Last year, a U.K.-based attorney previewed a line of hemp wigs that he would like lawyers in the high courts to start wearing in place of wigs made from horsehair. The attorney, Samuel March, stated that wigs made from horsehair, which have been used for hundreds of years by barristers, could be replaced with hemp-based wigs as they are a more environmentally sustainable and animal-friendly alternative to the former head coverings. In a recent interview, March explained that hemp was a tough material that would likely not experience issues such as wear and tear, noting that his target market was…

TuesdayMar 29, 2022 4:20 am

420 with CNW — Analysis Shows That Federal Cannabis Prosecutions Continue Downward Trend

The U.S. Sentencing Commission analysis has found that cannabis federal prosecutions decreased again last year, with fewer than 1,000 individuals being charged in marijuana trafficking cases. These marijuana busts make up a little more than 5% of the total drug-related cases that went through the federal justice system last year, which shows that more federal officials have adopted policies that place less emphasis on pursuing individuals over cannabis, especially now as more states move to legalize marijuana. The report also found that the average sentence for a cannabis trafficking offense was 30 months, which is roughly one-half of the sentence…

MondayMar 28, 2022 4:20 pm

420 with CNW — Bipartisan Legislators Want Administration to Champion Ending UN Cannabis Ban

Bipartisan congressional legislators recently filed a measure asking President Joseph Biden to urge the United Nations (UN) to end its marijuana ban. This would be achieved by dropping the plant from the list in the international drug treaty of controlled substances. The resolution was introduced by Rep. Nancy Mace (R-SC) and Rep. Barbara Lee (D-CA) just as the UN's Commission on Narcotic Drugs (CND) finished its meetings in Vienna. The commission adopted a proposal in 2020 that would take cannabis off the strictest international drug category, the Schedule IV list, while retaining the federal Schedule I classification The resolution wants…

MondayMar 28, 2022 4:20 am

420 with CNW — How the US Cannabis Industry Weathered COVID-19 Crisis

The cannabis industry has been through a lot since COVID-19 became a global pandemic in March 2020. It was during that year when sales reached record levels and business strategies shifted to accommodate people during lockdown. As many pandemic-related restrictions are being lifted, some aspects of the space, including online ordering, delivery and drive-thrus, seem likely to remain despite not being as widely used. During the second-half of 2020, most businesses had a fair recovery. Whereas in 2021 according to Scott Lee, CEO of Massachusetts-based cannabis company Theory Wellness, stimulus checks and other programs helped to ensure that businesses remained…

FridayMar 25, 2022 4:20 pm

420 with CNW — 2022 May Be Great Year for Pharmaceutical Cannabis

Last year was a good year for the recreational and medical marijuana industry, with major pharmaceutical companies entering the medical space. Many believe that this year will be even better for pharmaceutical marijuana, given the strides the industry has taken. For instance, huge pharmaceutical marijuana mergers and acquisitions deals were sealed last year, including GW Pharmaceuticals’ acquisition by Jazz Pharmaceuticals. which was valued at $7.2 billion. Pfizer also entered into an arrangement to purchase Arena Pharmaceuticals for $6.7 billion while Dermapharma Holding SE purchased C3, Canopy Growth’s subsidiary for about $93 million dollars. In addition to this, Teva Pharmaceuticals also…

FridayMar 25, 2022 4:20 am

420 with CNW — New Report Shows That Marijuana Legalization Hasn’t Caused Increase in Use Among Youth

Last week, the Coalition for Cannabis Policy, Education and Regulation released a report showing that the legalization of marijuana at the state-level didn’t lead to an increase in consumption among the youth. The analysis provides insights on various methods of prevention and points to studies which refute claims that the establishment of regulated marijuana markets would lead to an increase in the number of underage individuals consuming cannabis. Such claims have often been made by marijuana prohibitionists. The tobacco and alcohol industry-backed cannabis policy group has many members, including Constellation Brands, Molson Coors Beverage Company, the Council of Insurance Agents…

ThursdayMar 24, 2022 4:20 pm

420 with CNW — Debates Arise Over How States Can Spend Millions from Marijuana Taxes

Cannabis has been one of the fastest-growing industries in the country for the past couple of years bringing in billions of dollars in sales and tax revenue. Over the pandemic, cannabis sellers saw month-over-month sales records while other sectors stagnated. Over the course of 2021, states with legal marijuana markets generated more than $3 billion in tax revenue from cannabis sales. A Marijuana Policy Project report shows that this is a slight improvement over the $2.7 billion states collected in 2020. States with legal cannabis markets are now debating how to spend the taxes raised from the sale of this…

ThursdayMar 24, 2022 4:20 am

420 with CNW — Canada Introduces Proposal to Increase Marijuana Beverage Purchase Limits

As the cannabis industry matures, the cannabis-infused beverage segment is expected to offer fierce competition to other types of cannabis products. Market experts project that the segment will grow at a compound annual growth rate of 16% to achieve a valuation of $2 billion by 2026. Canada, which first allowed the production and sale of cannabis beverages in late 2019, has proposed a policy change that would allow consumers to purchase more cannabis beverages at one time. The federal government has asked for public comments regarding a proposed change in cannabis regulation that would increase the number of cannabis beverages…

WednesdayMar 23, 2022 4:20 pm

420 with CNW — French Government Announces Decree Allowing Growing of Medical Marijuana

Last month, the French government issued a decree that allowed the growing of medical marijuana and development of the industry. The enactment took effect on March 1, 2022; however, it awaits implementation by regulators. The act features conditions and procedures for the growth and production of medical cannabis. It has also amended some clauses in the Code of Public Health to permit cultivation, production, processing, transport, possession, import and export of cannabis and its components under medical mandate. The development of the medicinal cannabis supply chain will be overseen by the National Agency for the Safety of Medicines and Health…

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