420 with CNW Archives - Page 133 of 305

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…

WednesdayMar 23, 2022 4:20 am

420 with CNW — VA Suicide Prevention Program Will Not Include Cannabis Treatment

Medical cannabis use among veterans has been a hot topic since states first started legalizing marijuana for medical use. While drug-reform proponents believe the plant has the potential to help veterans deal with chronic pain and mood disorders such as anxiety and post-traumatic stress disorder, others say it is federally prohibited for good reasons, with one being that it is a gateway drug with no medical application. This is despite research debunking this reason on numerous occasions. The latter opinion seems to be shared by the U.S. Department of Veteran Affairs (VA), the government body in charge of administrating benefit…

TuesdayMar 22, 2022 4:20 pm

420 with CNW — Federal Report Lists Frequency of Cannabis Drug Tests Across Different Sectors

Last month, the U.S. Bureau of Labor Statistics (BLS) released a labor report that documented drug-testing rates across various industries. Data from the federal report revealed that for the first time in 25 years, workers were asked about the frequency of workplace drug tests. It revealed that drug testing had dropped and some workplaces had either removed or delayed testing their workers for drugs during the COVID-19 pandemic. In the past 25 years, medical marijuana has been legalized in almost three-quarters of all U.S. states while the adult use of marijuana is allowed in one-third of the states. Eighty percent…

TuesdayMar 22, 2022 4:20 am

420 with CNW — Canada May Soon Change Its Cannabis Beverage Regulations

The “Canada Gazette” recently shared a proposal that may allow more cannabis beverages to be bought in one transaction as well as modify how the marijuana content in drinks was calculated. This is something cannabis retailers, consumers and companies have been championing. The proposal will make a gram of dried marijuana equal to 570 g of a cannabis drink. This is a significant increase from the 70 grams of a cannabis drink authorities currently equate to a gram of dried marijuana. The quantity of marijuana beverages that those of age can possess will also increase to about 17 liters, from…

MondayMar 21, 2022 4:20 pm

420 with CNW — Research Reveals That Marijuana Can Lower BMI, Reduce Inflammation

According to a new study, including cannabis in your diet and lifestyle can go a long way in reducing weight and fighting inflammation. Doctors recommend maintaining a healthy weight in order to prevent the disorders associated with obesity. This includes diabetes, cancer, stroke and heart diseases. Systemic inflammation, on the other hand, can lead to fatal ailments including autoimmune conditions, cardiovascular diseases and neurodegenerative disorders. It is relatively unclear how obesity triggers body inflammations. Scientists have said, however, that more weight means that the body has more inflammation while weight reduction leads to less inflammation. The new study revealed the…