420 with CNW Archives - Page 155 of 305

TuesdayOct 12, 2021 4:20 pm

420 with CNW — Mainstream Companies Want In on Growing CBD Sector

When the 2018 farm bill legalized the cultivation and sale of industrial hemp and its derivatives, it opened the floodgates on an extremely lucrative market. With less than five years of legal sales under its belt, the hemp-derived cannabidiol (“CBD”) sector has seen hundreds of millions of dollars’ worth of product sales. Extracted from hemp, CBD is said to be chock full of potent and versatile medicinal properties and consumers have been purchasing CBD products in droves to reportedly help alleviate issues such as anxiety, chronic pain, and insomnia, among others. According to a Grand View Research report, the CBD…

TuesdayOct 12, 2021 4:20 am

420 with CNW — Key Mexican Senator Outlines Cannabis Legalization Steps

Three years ago, the Supreme Court in Mexico ruled that the country's ban on cannabis consumption was unconstitutional, ending decades of cannabis prohibition and requiring that lawmakers reform cannabis laws. Mexico's Congress was granted a deadline to repeal prohibitionist cannabis policies, now considered unconstitutional, but policymakers failed to do so within the allotted time. Both chambers of Congress spent months discussing and working on a legalization bill, repeatedly asking the court to extend the deadline. Last year, the Senate passed a bill and sent it to the Chamber of Deputies, which made revisions and sent it back. However, after a…

MondayOct 11, 2021 4:20 pm

420 with CNW — Congresswoman Previews Hemp Legislation That Will Ease Industry Restrictions

Hemp was federally legalized under the 2018 Farm Bill, which allowed farmers to begin growing this multifaceted crop. However, Congressional legislators are still working on changes to laws which govern the crop. Recently, Rep. Chellie Pingree previewed a bill that would ease restrictions on this flourishing industry. The bill, called the Hemp Advancement Act, includes a provision that will remove a ban that prevents individuals with felony drug convictions that date back to the last decade from acquiring a business license for the crop or participating in the market. Pingree stated that the provision disproportionately excluded people of color from…

MondayOct 11, 2021 4:20 am

420 with CNW — New Report Forecasts Significant Growth for Global Marijuana Sales

A new report that focuses on the rapid growth of both recreational and medical marijuana sales has been released by New Frontier Data. The report looks at what to expect in the international marijuana industry over the next couple of years, while analyzing the future and current trends in the international markets of Africa, Asia, Oceania, the Caribbean, Latin America, Europe and North America. In a letter included in the report, Giadha A. DeCarcer, executive chair, publisher and founder of New Frontier Data, stated that the industry would continue to expand and grow. DeCarcer explained that when the first global…

FridayOct 08, 2021 4:20 pm

420 with CNW — Humboldt County OKs $1M Grant Targeting Marijuana Growers

Despite its relatively young age, America's state-legal cannabis industry has been insanely lucrative. In just a few short years, the sector has generated billions of dollars in revenue, created hundreds of thousands of new employment opportunities, and filling state coffers with millions in tax revenue. However, while some cannabis farmers and companies have been laughing all the way to the bank, others are struggling to keep their heads above water and barely holding on. It has gotten so bad that California's Humboldt County has okayed a $1 million grant to help cannabis cultivators survive amid a significant drop in cannabis…

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…