420 with CNW Archives - Page 155 of 301

FridaySep 17, 2021 4:20 pm

420 with CNW — Federal Financial Regulator Criticizes Congress for Failing to Reform Marijuana Laws

Rodney Hood, the former chairman of the National Credit Union Administration (“NCUA”) has criticized Congress for failing to reform cannabis laws. The NCUA is an independent federal agency that offers deposit insurance to credit unions. Hood served as a regulator from 2005–09, before becoming chairman in 2019 and transitioning to a board position. The regulator announced last week at the PBC conference that he would be taking steps to push legislators to enact changes in policy that help stakeholders and financial institutions. He stated that he was concerned that the regulatory and legal infrastructure surrounding the marijuana industry wasn’t evolving…

FridaySep 17, 2021 4:20 am

420 with CNW — National Hemp Association Requests $1B from Congress to Boost Industry Innovation

America’s hemp industry may be young, but it is brimming with potential just a couple of years after the 2018 Farm Bill legalized the cultivation and sale of hemp and its derivatives. But while the American hemp industry was valued at $5.66 billion in 2020 and is projected to see major growth over the next decade, it hasn’t received much government support. And given that hemp is a versatile product with a wide variety of applications ranging from cloth, cosmetics, and rope to printer's ink, wood preservative and a construction material called hempcrete, government investment could turn the nascent hemp…

ThursdaySep 16, 2021 4:20 pm

420 with CNW — Report Finds Young People’s Views on Cannabis Use Is Changing

As more states across the country legalize cannabis for recreational use, attitudes toward the use of cannabis is changing. A report that was recently released by the National Institute on Drug Abuse has found that the number of young individuals who view the use of cannabis as risky behavior has decreased. According to the report, young individuals believe that in comparison to the occasional use of cannabis, vaping cannabis is riskier. They also think that experimenting with other drugs, including LSD, sedatives, heroin or cocaine, is riskier than experimenting with cannabis. The National Institute on Drug Abuse has been tracking…

ThursdaySep 16, 2021 4:20 am

420 with CNW — CBD Trademarking Judgment Highlights Problems of FDA Regulatory Delays

The cannabidiol (“CBD”) industry has grown a great deal in the few years that it has been legal, achieving a market size value of $2.8 billion in 2020. Demand for CBD-infused products has been on the rise, thanks to reports of its potent medicinal properties, and a multitude of sellers have entered the CBD space looking to capture a swathe of the market for themselves before it becomes too saturated. However, it hasn’t been a walk in the park for these companies, thanks to a variety of barriers, the main one being the fact that the CBD industry does not…

WednesdaySep 15, 2021 4:20 pm

420 with CNW — Labor Day Cannabis Sales Rank Among Highest

Cannabis sales were expected to increase over the last week’s Labor Day weekend and on Labor Day itself. A report that was recently released by Akerna, a marijuana technology company, states that nearly $240 million in national legal marijuana sales were expected for this holiday weekend. The report noted that the increase was projected to begin on Friday, with roughly $90 million in cannabis sales, which equates to a 61% increase from an average Friday. Saturday was projected to see almost $70 million in legal sales while Sunday was expected to bring in $39 million. On Labor Day itself (Monday),…

TuesdaySep 14, 2021 4:20 am

420 with CNW — NIDA Director Says Evidence Exists Showing Cannabis Prohibition’s Racist Effects

Decades after the government kicked off the war on drugs in an attempt to reduce drug abuse and defund the criminal enterprises behind the drug trade, America is still reeling from the effects of this failed endeavor. While the intent behind the drug war was noble, authorities went about achieving it the wrong way, mainly focusing their attention on minorities such as African Americans and Latinos, and wreaking untold havoc on these underserved communities. Presently, it is widely accepted that the decades-long war on drugs is an unmitigated failure that has ruined millions of lives over exceedingly minor drug offenses,…

MondaySep 13, 2021 4:20 pm

420 with CWN — Study Reports Increase in Cannabis Sales in Multiple States During Pandemic

A new study has found that legal cannabis sales in multiple states in the nation hit record highs last year as COVID-19 spread across the country. Up until now, sales in the four states included in the analysis, namely Washington, Oregon, Colorado and Alaska, have increased more during the coronavirus pandemic, than in the two years prior to the pandemic. The study’s authors include researchers from the Drug and Alcohol Institute at the University of Washington, researchers from the Centers for Disease Control and Prevention, and others from health and regulatory agencies in other states. The study was published in…

MondaySep 13, 2021 4:20 am

420 with CNW — Could Cannabis Drinks Be Better for Your Health?

As cannabis and cannabis products become more accessible thanks to a wave of drug reform that has swept through several territories, people are increasingly using marijuana as an alternative to other products. Due to recent advances in cannabis technology, specifically nano-emulsification, the market has seen an uptick in the supply of smooth, high-quality, cannabis-infused drinks. Plenty of people are now using cannabis-infused beverages as an alternative to alcohol, with many of them preferring a calm relaxing drink that won’t leave them feeling hangover the next day. Dubbed “California sober,” exchanging alcoholic beverages for cannabis drinks is gaining popularity. Melissa Egan,…

FridaySep 10, 2021 4:20 pm

420 with CNW — The Difference Between CBD Oil, Cannabis Oil

The popularity of CBD oil has grown in the health and wellness space, with anecdotal evidence suggesting that it can help manage depression, anxiety, stress and pain. Cannabidiol, or CBD, oil and cannabis oil have also been advertised as natural alternatives to standard prescription medications, which many believe are one and the same. While both oils are derivatives of the cannabis plant, they are inherently different. We look at some of these differences below. What is cannabis oil? Cannabis oil contains THC, which is the mind-altering compound that causes an individual to get high. The sale, consumption and possession of…

FridaySep 10, 2021 4:20 am

420 with CNW — Why Careful Cannabis Preparation Is Crucial to High-Quality Extracts

Just a couple of years into America’s state-legal cannabis industry, extracts have eclipsed cannabis flower to become the most popular cannabis product. Last year, marijuana concentrate sales increased by 40% and accounted for a large percentage of marijuana sales. People are looking for safer, more discreet ways to consume cannabis, and consequently, smoking cannabis flower and vaping have been edged out by cannabis extracts. However, marijuana extracts are quite complex to produce, requiring precise, expert care from the time the cannabis plants are in the ground until they reach the factory. In the early days of cannabis extraction, most cannabis…