420 with CNW Archives - Page 158 of 305

TuesdaySep 21, 2021 4:20 pm

420 with CNW — Italy Set to Legalize Marijuana Home Cultivation

Italian drug-reform activists recently scored a major win after the Lower House’s justice committee approved a reform that allows the small-scale cultivation of cannabis at home. Aside from allowing individuals to grow up to four female plants at home, the reform also increases the penalties associated with dealing in and trafficking cannabis and raised the maximum sentence from six to 10 years. The reform, which was introduced by Italian MP Riccardo Magi, means Italy is now one of the first nations in Europe to decriminalize the cultivation of cannabis for personal use. Although this is quite a significant achievement, pro-cannabis…

TuesdaySep 21, 2021 4:20 am

420 with CNW — US Mayors’ Conference Urges Congress to Legalize Cannabis

The war on drugs has been declared an unmitigated failure — and for good reason. Prohibitionist policies left America’s jails filled with millions of individuals, many of them charged with relatively minor drug offenses, and minority communities were disproportionately targeted. Most states with legal cannabis markets have tried to correct these wrongs by giving these minority communities a leg up in the cannabis industry. Now, members of the U.S. Conference of Mayors are asking the Biden administration to do the same at the federal level. During its 89th annual meeting, the organization passed a comprehensive resolution urging President Joseph Biden and…

MondaySep 20, 2021 4:20 pm

420 with CNW — Experts Believe Federal Marijuana Legalization May Influence CBD Regulation by FDA

In 2018, the FDA approved CBD for use as an ingredient in Epidiolex, which is a prescription drug indicated for the treatment of severe epilepsy. Participants in the hemp industry have states that drug approval is what’s keeping the FDA from regulating CBD as a dietary ingredient or supplement. Minor cannabinoids may not face the same issues as CBD because they haven’t been approved as prescription medications. Many hope the FDA’s approach to major and minor cannabinoids will shift, depending on the laws that make marijuana legal on a federal scale. A few manufacturers and leaders involved in the hemp…

MondaySep 20, 2021 4:20 am

420 with CNW — Why US Brands See Global Opportunities for CBD Beauty Products

After the 2018 Farm Bill legalized the cultivation and sale of industrial hemp and its derivatives, an industry swiftly sprang up around the product. Hemp is an extremely versatile product with a wide range of applications ranging from textiles and construction to health and wellness. Cannabidiol (“CBD”), a hemp extract said to have diverse medical capabilities, has attracted the bulk of the attention, and it is predicted to achieve $1.8 billion worth of sales in 2022. American companies are now looking to expand past the country's border as more countries around the world launch hemp programs. But thanks to nearly…

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,…