420 with CNW Archives - Page 149 of 301

FridayOct 29, 2021 4:20 am

420 with CNW — Top IRS Official Reveals Cannabis Banking Reform Can Ease Tax Organization’s Work

Marijuana businesses have been unable to access financial services such as deposit accounts, cashless payments and loans since legal sales began in America. This is mostly due to the controversial plant's classification as a Schedule I controlled drug, and it has had wide-ranging consequences on both cannabis businesses and federal authorities. Players in the cannabis space are forced to transact on a cash-only basis, increasing their chances of robberies and making it difficult to account for and pay taxes. Furthermore, federal authorities, the IRS specifically, don't often receive taxes that are due, and when they do, it is usually in…

ThursdayOct 28, 2021 4:20 pm

420 with CNW — New Measure Will Give Scientists Access to Marijuana Dispensary Products

Last week, a group of federal legislators introduced the Medical Marijuana Research Act, which will eliminate barriers to carrying out research on cannabis. It will include permitting researchers to access marijuana from state-legal dispensaries. The measure was filed by Rep. Andy Harris, a prohibitionist, and Rep. Earl Blumenauer, a pro-legalization lawmaker. The bill will streamline the process for scientists to apply and gain approval to conduct research on marijuana. In a recent interview, Blumenauer stated that federal legislations were still constraining researchers’ ability to study the various health benefits provided by marijuana, despite the fact that a majority of individuals…

ThursdayOct 28, 2021 4:20 am

420 with CNW — Why CBD Is Viable Treatment for Skin Inflammation

Cannabidiol, or CBD, is one of the two common compounds found in marijuana, the other being THC. Unlike THC, which is a psychoactive compound, CBD is a nonpsychoactive compound. These compounds can be derived directly from the hemp plant or manufactured in a lab. Research has shown that CBD holds the potential for the treatment of various conditions, including post-traumatic stress disorder, depression and anxiety. It also possesses anti-inflammatory and antibacterial properties, which can help control various skin issues that commonly affect skin. Its anti-inflammatory properties in particular can be used to treat different skin illnesses. Some consumers prefer using…

WednesdayOct 27, 2021 4:20 pm

420 with CNW — Follow These Expert Suggestions When Sourcing CBD Oil

CBD was legalized in 2018 when the farm bill allowed the cultivation and sale of industrial hemp and its derivatives. Soon after, the hemp extract was enjoying growing popularity as people flocked to buy products such as CBD oil and gummies, partly due to its purported medical benefits. However, the industry is barely regulated by the federal government, and this has allowed some dishonest sellers to slip in and sell subpar and even contaminated CBD oil. The next time you want to buy CBD oil, keep the following tips in mind to ensure you do not end up with a…

WednesdayOct 27, 2021 4:20 am

420 with CNW — What You Should Know About Marijuana-Infused Drinks, Dosages

The popularity of cannabis and cannabis products has increased significantly in the last few years as more states legalize the herb for various uses. This has also led to the introduction of new cannabis products into the market, including cannabis-infused beverages, which exist in different forms such as kombuchas, tonics, cocktails, juice-based drinks, flavored seltzers and sparkling waters. Consumers who haven’t tried beverages infused with cannabinoids such as THC and CBD are often not sure what dosage may work for them. Most beverages that contain THC, which is a psychoactive cannabinoid, have varying dosages that can range between 2 mg…

TuesdayOct 26, 2021 4:20 pm

420 with CNW — California Cannabis Seizures Skyrocket Despite Legalization

The illicit cannabis market has proven to be quite resilient. Although the assumption had been that once states start legalizing the controversial plant, consumers would ditch the black market for legal pot, that’s not how things have turned out. Years after recreational cannabis was first legalized, the black market still vastly outsells America’s state-legal marijuana industry. In California, for instance, the illicit market is estimated to generate $8 billion per year while the legal market makes around $4.4 billion annually. As such, authorities in California, which features the most lucrative cannabis industry in the country, have stepped up their efforts…

TuesdayOct 26, 2021 4:20 am

420 with CNW — How Tech Is Transforming the Marijuana Industry

Despite being one of the youngest sectors in the country, the United States’ state-legal cannabis industry has been dubbed the fastest growing industry in the country. Cannabis companies have generated billions of dollars in revenue in the few years cannabis has been legal, providing hundreds of thousands of job opportunities and filling state coffers with millions in cannabis tax revenue. The industry is projected to undergo exponential growth in the next couple of years, pulling in a whopping $43 billion in legal cannabis sales by 2025. However, cannabis could not have gotten to where it is so far without technological…

MondayOct 25, 2021 4:20 pm

420 with CNW — Nearly Half of American Consumers Prefer Cannabis over Alcohol

A report recently published by New Frontier Data examined different features of health and wellness-related consumption patterns among current marijuana consumers in the United States. New Frontier Data is the leading technology, data and analytics company that specializes in the global marijuana industry. The latest report was released in partnership with Jointly and SōRSE. Marijuana legalization in different states across the country has allowed marijuana-friendly yoga spaces and marijuana social lounges to be established as alternatives to conventional spaces. Currently, medical marijuana is legal in 36 states in the United States. while its recreational use is legal in 18 states,…

MondayOct 25, 2021 4:20 am

420 with CNW — New Study Concludes That Crime Reduction Effects of Cannabis Legalization Are Underestimated

For years, drug-reform activists in America argued that the country’s prohibitionist policies were counterproductive; instead of curbing drug abuse and crippling the criminal enterprises behind the drug trade, prohibition has imprisoned countless people of color for minor drug charges, shackling them with criminal records for the rest of their lives, and enriched the drug cartels that supply the black market with drugs. Decades after former President Richard Nixon declared the war on drugs, the movement has been declared a failure by most pundits. Drug-reform advocates argued that rather than prohibit the sale of cannabis, launching a legal, regulated market would…

FridayOct 22, 2021 4:20 pm

420 with CNW — Cannabis Legalization Caused Significant Decline in Illegal Cannabis Seizure Samples

Research led by a top cannabis investigator for the federal government revealed that state-level cannabis legalization has left the DEA with few samples of seized illicit marijuana to analyse. This finding supports the claim made by legalization advocates that consumer demand for unregulated marijuana from illicit channels will decrease as more legal markets are established. The study, which was published in the “Biological Psychiatry” journal, was authored by Mahmoud ElSohly. ElSohly is in charge of the country’s sole federally authorized marijuana growing facility at the University of Mississippi. The study states that the number of samples received over the last…