420 with CNW Archives - Page 139 of 305

FridayFeb 11, 2022 4:20 pm

420 with CNW — Proposed California Law Could Push Back on Marijuana Legalization

A California assembly member is proposing a new law that will recriminalize the growing of marijuana. The bill seeks to treat unlicensed cannabis cultivation of more than six plants as a felony. This is pushing back on the state’s Adult Use of Marijuana Act that was passed in 2016. The legislation removed all weed-related felonies and stipulated that offenders could only go to prison if they were caught selling to minors. The Assembly Bill 1725 by Rep. Thurston Smith (R-Apple Valley) is seeking to undo that act by increasing the penalties for unlicensed marijuana cultivation from a misdemeanor to a…

FridayFeb 11, 2022 4:20 am

420 with CNW — Schumer Expects to File Cannabis Legalization Bill in April

New York’s Senator and Senate Majority Leader Chuck Schumer is pushing to legalize marijuana on a federal level. In a Friday press conference, the Democratic lawmaker announced that he aims to introduce the cannabis legalization bill in April. The meeting took place on the same day that the House of Representatives passed the COMPETES act, which contained the Secure and Fair Enforcement (“SAFE”) Banking Act. Through the SAFE Banking Act, cannabis businesses would access services from banking institutions just like any other business. The Friday press meeting was also attended by advocacy groups, organizations and other lawmakers. Lawmakers present included…

ThursdayFeb 10, 2022 4:20 pm

420 with CNW — Cannabis Banking Bill Sponsor Talking with Senate Leadership About Equity Amendments

Rep. Ed Perlmutter, who sponsored the Secure and Fair Enforcement (“SAFE”) Banking Act, revealed last week that he’d been having discussions with Senate leadership about altering his bill to place more focus on equity issues. Perlmutter said this shortly before the House passed the SAFE Banking Act for the sixth time. The act was attached to the America COMPETES Act, a large-scale manufacturing and innovation legislation. During the press briefing, the congressman stated that he’d initiated discussions with Sen. Cory Booker’s and Sen. Chuck Schumer’s offices, in addition to having discussions with House Speaker Nancy Pelosi. Perlmutter explained that the…

ThursdayFeb 10, 2022 4:20 am

420 with CNW — Mississippi Governor Signs Medical Cannabis Bill into Law

Last week, Mississippi became the 37th U.S. state to legalize the use of medical marijuana. Gov. Tate Reeves signed the bill into law stating that it would provide medical marijuana to individuals who “could do significantly better” with prescribed doses. According to the National Conference of State Legislatures (“NCSL”), the state joins 36 states and territories including Puerto Rico, the District of Columbia, the Virgin Islands and Guam, where the use of medical marijuana is legal. The Republican governor mentioned through a statement that a recreational program would not only lead to an increase in users but also reduce performance…

WednesdayFeb 09, 2022 4:20 pm

420 with CNW — New VA Website Seeks to Normalize Conversations Around Marijuana Research

A new website is being launched by the U.S. Department of Veteran Affairs (“VA”) with the aim of normalizing conversations around cannabis research. The department’s Portland Branch is partnering with Oregon Health & Science University (“OHSU”) to support healthcare service providers with the latest research on marijuana. Many VA doctors are reluctant to talk to their patients about the use of cannabis for treatment because of the drug’s federal prohibition: federal law allows VA doctors to talk to their patients about cannabis, but they are not allowed to offer any recommendations. Together with the university’s Center for Evidence-based Policy, the…

WednesdayFeb 09, 2022 4:20 am

420 with CNW — Schumer Updates Advocates About Cannabis Banking and Federal Cannabis Legalization

Last week, Senate Majority Leader Chuck Schumer discussed social equity issues during a meeting with a number of cannabis advocacy and reform groups. Schumer is preparing to introduce the Cannabis Administration and Opportunity Act later this year. In an interview, activists who were part of the Zoom meeting stated that the Senate Majority Leader wasn’t clear on when he would be filing his marijuana legalization measure, only noting that he would do it soon. The implementation of the adult-use cannabis program in New York, immigration issues associated with marijuana and cannabis banking were also discussed during the meeting. Representatives of…

TuesdayFeb 08, 2022 4:20 pm

420 with CNW — NFL Authorizes Grants Worth $1M for Studies on Marijuana and Pain Management

Last week, the NFL announced that it had issued grants worth $1 million for research studies. The studies would look into the effectiveness of using marijuana and its components in pain management and offering neuroprotection from concussions among NFL players. Out of 100 applicants, the commission selected the University of California San Diego and University of Regina, which is located in Canada. This is the league’s attempt to provide its players with quality care that is up-to date with the medical standards of health and safety. Allen Sills, the league’s chief medical officer, said this opportunity would provide its players…

TuesdayFeb 08, 2022 4:20 am

420 with CNW — How Combining CBD with Adaptogens Achieves Better Results

The popularity of cannabidiol can be attributed in part to its purported anxiety- and stress-relieving properties. Its consumption will not get the user high because it is a nonpsychoactive compound of marijuana. The benefits of CBD have been embraced by the wellness community, and the compound can be found in beverages, edibles, capsules and oils. Aside from cannabidiol, adaptogens are also receiving a similar level of attention. These are plants that provide the body with stress-coping mechanisms as well as regulate hormonal changes. Other benefits include reducing inflammation, fighting fatigue and improving sleep. The use of adaptogens has been popular…

MondayFeb 07, 2022 4:20 pm

420 with CNW — Cannabis Degrees Becoming Popular as More Universities Offer Them

Huge numbers of students in the United States are considering studying marijuana-related programs in major universities, especially with the numerous job openings in the cannabis industry. Estimates show that the marijuana industry will support more than 400,000 jobs this year, based on the current rates of growth. Recent reports also show that by 2029, cannabis jobs will have increased by at least 160%. This isn’t a surprise as the marijuana industry is a burgeoning industry, having grown by 47% since 2019. The industry is also the economic driver in some emerging markets globally, with total yearly sales for 2020 hitting…

MondayFeb 07, 2022 4:20 am

420 with CNW — Top Financial Regulator Says Marijuana Sector Has Bright Future

In an interview with PBC conference, Rodney Hood, a financial regulator and board member National Credit Union Administration (“NCUA”), said that the marijuana sector has a bright future once it is fully legalized and infrastructure is set in place. During the interview, Hood suggested ways to deal with federal regulations that have seen banking institutions backing out on working with marijuana businesses. Despite more states legalizing marijuana for recreational and medical use, the industry has not received backing from the financial services sector. This reluctance is due to the influence of federal prohibition on the sector. Aside from that, rural…