420 with CNW Archives - Page 152 of 301

FridayOct 08, 2021 4:20 am

420 with CNW — As Millennials Shun Alcohol, Alcohol Firms Start Eyeing Cannabis Drinks Segment

Millennials have been at the forefront of change for quite a while now. They were the first generation to grow up with the internet, and they played a significant role in the development of e-commerce. They are also holding off on homeownership, are waiting longer to marry, and have fewer kids. They are not concerned with living the way past generations did; rather, they are doing their own thing, and society tends to follow in their steps. Now, the generation's growing aversion to alcohol may very well revolutionize the beverage industry and elevate a burgeoning cannabis segment in the process.…

ThursdayOct 07, 2021 4:20 pm

420 with CNW — Schumer Reveals Key Senators Agree Cannabis Banking Will Be Addressed After Legalization

In a recent interview, Senate Majority Leader Chuck Schumer revealed that he and his colleagues who are working to advance a bill to legalize cannabis at the federal level have a consensus to not get involved in the marijuana banking legislation until more broad reforms are advanced. Schumer noted that he was open to exploring alternative ways to advance the banking reform if legislators were able to include social equity provisions of legalization, such as expungements for previous marijuana convictions, into the defense policy bill that the chamber will be discussing in the coming weeks. The interview was conducted on…

ThursdayOct 07, 2021 4:20 am

420 with CNW — California Governor Enacts Bill Regulating Medical Cannabis Use in Hospitals

Last week, Gov. Gavin Newsom signed a legislation that would require hospitals to allow some patients to use medical cannabis. The governor of California signed the bill, having revealed that his concerns about an initial version of the bill that he had vetoed had been resolved. The sponsor of the legislation, Sen. Ben Hueso, has been advocating for the measure to allow marijuana use in health facilities for patients with terminal illnesses over multiple sessions. Recently, Hueso sent a letter to the head of U.S. Department of Health and Human Services asking for clarification on whether the change in policy…

WednesdayOct 06, 2021 4:20 pm

420 with CNW — What Could the Future Hold for the UK’s CBD Sector?

The past couple of years have seen cannabidiol (“CBD”), a hemp extract that's said to be filled with potent medicinal properties, become immensely popular in several territories across the world. Most countries with legal CBD markets legalized the hemp extract within the past decade, and as a whole, the industry still hasn't been properly regulated. The United Kingdom's CBD market is underregulated and over restricted, mirroring the legislative situation in most CBD markets around the world. However, around 6 million people in the UK have used CBD in some form, and the market is poised for explosive growth as even…

WednesdayOct 06, 2021 4:25 am

420 with CNW — State Departments of Agriculture Demand Expansion of Federal Hemp Cultivation Grants

More than six years after hemp pilot programs were launched by the 2014 Farm Bill, the nascent sector is still plagued by patchwork state legislations and little if any federal regulation. As more farmers dip their toes into the hemp space and it becomes more lucrative, industry players and lawmakers alike have consistently urged the U.S. Department of Agriculture (“USDA”) to craft standardized hemp rules. Now, the National Association of State Departments of Agriculture (“NASDA”) is asking the USDA to expand hemp farmers' access to federal grants by allowing for two different classifications based on its intended use. This comes…

TuesdayOct 05, 2021 4:20 pm

420 with CNW — What Are Cannabidiol Crystals?

Cannabis has become popular in the last few years, as more states across the country legalize it for both recreational and medical use. The plant has more than 100 compounds, with roughly 80 of them being classified as cannabinoids. CBD is one of the two main cannabinoid compounds found in the marijuana plant; the other one is THC, which has psychoactive properties that induce a marijuana high. THC is found in high concentrations in most cannabis strains. CBD, or cannabidiol, has numerous potential health benefits. In its pure form, CBD is known as CBD isolate or CBD crystals. Below, we…

TuesdayOct 05, 2021 4:25 am

420 with CNW — Study Finds Cannabis Abuse Hasn’t Increased in States with Legalized Recreational Cannabis Use

A study published earlier this week found that cannabis abuse hasn’t risen in states that have enacted laws to legalize recreational cannabis. The study assessed the impact of recreational cannabis laws on the use of cannabis across ethnic and racial groups, tracking trends in usage between 2008 and 2020. For the study, the researchers analyzed data collected from more than 80,000 individuals. Researchers discovered that less than 2% of individuals living in states that have enacted enabling laws for the recreational use of cannabis have been given a cannabis use disorder diagnosis. This is in contrast to the number of…

MondayOct 04, 2021 4:20 pm

420 with CNW — House Could Vote on Federal Cannabis Legalization Bill Next Week

America's state-legal cannabis industry has been on quite a roll for the past couple of years. More than 30 states now allow medical marijuana, 17 states have legalized recreational cannabis, and the industry has generated billions of dollars in revenue. On top of that, it has created hundreds of thousands of new jobs, providing individuals and the state with revenue during the coronavirus pandemic while other industries struggled to stay afloat. Lawmakers have now set their eyes on federal legalization, especially now that the Senate, House and White House are under the control of the Democrats. Just a day after…

MondayOct 04, 2021 4:25 am

420 with CNW — Federal Report Finds More Financial Institutions Are Working with Cannabis Businesses

Recently released federal data shows that the number of credit unions and banks working with cannabis businesses has increased in the last quarter. Figures show that by the end of June 2021, 706 financial institutions were actively serving marijuana clients. This is a slight increase from the 687 institutions recorded in the previous quarter. The data, which was released by the Financial Crimes Enforcement Network, comes at a time when legislators are calling for Congress to protect credit unions and banks that work with the marijuana industry from penalties imposed by federal regulators. This is despite the 2014 Financial Crimes…

FridayOct 01, 2021 4:20 pm

420 with CNW — Canadian Marijuana Sector Demands Changes to Policies Stifling Infused Drinks

The cannabis beverages segment has been receiving plenty of attention since 2020 when the first cannabis-infused drinks hit the market. Thanks to nano-emulsification technology, cannabis companies can now develop smoothly infused products consistently, a feat that gave them trouble in the segment's early days. But, although cannabis technology has reached a level where customers can expect high-quality cannabis beverages, companies now have to deal with legislations that are inadvertently harming the young industry. In Canada, restrictive cannabis regulations are preventing industry players from selling cannabis drinks in a familiar way and attracting new customers who would not have purchased cannabis…