420 with CNW Archives - Page 157 of 301

WednesdaySep 01, 2021 4:20 pm

420 with CNW — California Sets Fiscal Year Record for Marijuana Tax Revenue

The nonpartisan Legislative Analyst’s Office in the state of California estimates that during the 2020–21 fiscal year, the state collected roughly $817 million in recreational cannabis tax revenue. This amount is 50% more than the marijuana earnings for the state coffers that were generated in the previous fiscal year. The officials state that combined cultivation and excise tax revenue for the fourth quarter, which ended in June, equates to $211 million. It should be noted that these figures do not include local revenues to municipalities where the transactions occur, nor do they take into account additional regular sales taxes generated…

WednesdaySep 01, 2021 4:20 am

420 with CNW — Is Hemp Clothing as Sustainable as Claimed?

As more countries adopt the use of renewable energies, people are encouraged to live more sustainably. Clothes made from hemp have become a popular alternative to the traditional poly-cotton blend, as the material is not only ecofriendly but also natural. So, what is hemp? Unlike marijuana, hemp doesn’t contain THC, which is the psychoactive ingredient that causes a high. Hemp is a biofiber that has been used for millennia as rope, medicine, food and almost any other item that can be made from its fibrous and durable stalks. Hemp fiber is completely biodegradable and natural, in addition to being antimicrobial,…

TuesdayAug 31, 2021 4:20 pm

420 with CNW — Experts Say Schumer’s Cannabis Reform Bill Likely to Create Sector Losers, Winners

For months, Senate Majority Leader Chuck Schumer has said that he is working on a bill to federally deschedule cannabis and that he would do all he could to advance the legislation, even without President Joseph Biden's support. Schumer recently unveiled a draft of his comprehensive cannabis reform, the Cannabis Administration Opportunity Act, which would remove marijuana from the Controlled Substances Act, let states decide how to legalize cannabis, and launch social equity programs that would help disadvantaged communities, among others. Although the draft legislation faces a Herculean challenge in advancing past the U.S. Senate, experts are already weighing in…

TuesdayAug 31, 2021 4:20 am

420 with CNW — Medical Marijuana Portal for Veterinarians in the US Launched

The Veterinary Cannabis Society has unveiled an educational portal and website for marijuana product companies, pet owners and veterinarians. Marijuana in pet care has grown in popularity, which has brought along with it misinformation and confusion, with some products not only causing individuals to waste their money but also negatively affecting pets. In some cases, products may lead to death. Dogs, in particular, are sensitive to marijuana products that contain THC, which is the main psychoactive compound in marijuana. Cannabis toxicity is a severe medical issue that has been increasing since recreational and medical use of cannabis became legal in…

MondayAug 30, 2021 4:20 pm

420 with CNW — A Primer on Cannabis-Infused Beverages for Beginners

America’s state-legal cannabis industry has come a long way from the days of prohibition. More than a dozen states have now legalized some form of cannabis, and although it is still illegal at the federal level, cannabis sales are booming. The controversial plant has gotten so popular that the industry is raking in billions of dollars in sales less than a decade after state legal sales began. Concentrates have been the most popular cannabis products, but in the past year or so, cannabis-infused beverages have started giving concentrates a run for their money. Although cannabis beverages aren’t an entirely new…

MondayAug 30, 2021 4:20 am

420 with CNW — Why Similar Doses of Cannabis Edibles Could Have Vastly Different Effects

These days, anyone interested in trying cannabis has quite a wide range of product lines to choose from. Long gone are the days when the only cannabis product individuals could access was cannabis flower and poorly baked brownies, which was popularised by Alice B. Toklas in the 1960s. We’ve now got a plethora of different cannabis edible options, and anyone who have sampled different types of edibles know just how wildly different the experience can be. While the effects will generally be the same, regardless of the type of edible you consume, the onset of the effects and their longevity…

FridayAug 27, 2021 4:20 pm

420 with CNW — How CBG Differs from CBD Oil

The cannabis plant produces more than 100 compounds, among them CBD, which has been found to possess medical benefits. CBD and THC are the two main compounds produced by the cannabis plant. THC, or tetrahydrocannabinol, is what gives cannabis its psychoactive properties while CBD, or cannabidiol, makes up the plants’ healing properties. Other cannabinoids produced by the plant include CBN (cannabinol), CBC (cannabichromene) and CBG (cannabigerol). Below, we look at CBD and CBG as well as their reported benefits. What is CBG and CBD? As mentioned above, CBD is one of the most common extracts derived from the cannabis plant.…

FridayAug 27, 2021 4:20 am

420 with CNW — Congressman Calls for Passing SAFE Banking Act Prior to Broader Law Reform

After months of telling the public that they were working on a federal cannabis bill, Senate Majority Leader Chuck Schumer, the Finance Chairman Ron Wyden, and Senator Cory Booker have unveiled their legislation for public comments. However, before Congress has the chance to look at and advance the Cannabis Administration and Opportunity Act, a Congressman would like lawmakers to pass a cannabis banking bill. Rep. Ed Perlmutter, who introduced a bill that would protect banking institutions which work with businesses in the cannabis space, has urged lawmakers to pass the legislation while lawmakers consider broader cannabis reform. Despite being allowed…

ThursdayAug 26, 2021 4:20 pm

420 with CNW — Feds Finance Research into Use of Hemp as Ecofriendly Insulation

The U.S. Department of Energy (“DOE”) is funding a project to develop hemp fiber insulation, which in comparison to traditional preparations, is said to be better for both public health as well as the environment. In addition to awarding almost $200,000 to facilitate research, the department granted Hempitecture’s COO Tommy Gibbons a yearly stipend of $90,000. The DOE is especially interested in the firm’s HempWool product, which is said to be a high-performing and extremely sustainable insulation material. The hemp-based product, which has a low carbon footprint and strong thermal resistance, is a nontoxic alternative to conventional insulation. In an…

ThursdayAug 26, 2021 4:20 am

420 with CNW — Why Similar CBD Products Often Have Different Prices

The difference in the prices of CBD products around the world has become more obvious in the past year. Since the coronavirus pandemic began, the demand for these products has risen significantly, and so has the production of cheap and expensive CBD products. Currently, the price difference between the least and most expensive products is about 4,715%. The gap is too large to be overlooked, given most CBD products are often used for various medical conditions, which is why these products should be evenly priced, thereby allowing everyone to have access to them. What is causing this huge difference in…