420 with CNW Archives - Page 165 of 310

TuesdaySep 07, 2021 4:20 pm

420 with CNW — Low-Potency Cannabis Drinks Look to Dominate Beverages Market

The past few years have seen the cannabis industry grow from essentially nothing to a juggernaut worth billions of dollars in sales. Cannabis edibles have reigned supreme, with CBD gummies being among the most searched for foods online in 2018 thanks, in part, to their discreetness and ease of use. One of the fastest-growing industries in America, the state-legal cannabis sector is constantly in flux, and players in this controversial space are now looking to cash in on a new product that has been gaining more mainstream attention: cannabis beverages. Forget alcohol or your daily cup of coffee — customers have…

TuesdaySep 07, 2021 4:20 am

420 with CNW — California Earmarks $100 Million to Help Cannabis Companies Get Licensed

According to a 2018 report by Arcview and BDS Analytics, California is the largest cannabis market in not only North America but the entire world. The state, which legalized recreational marijuana in November 2016 and medical cannabis in 1996, realized cannabis sales worth $4.4 billion in 2020, even amid the coronavirus pandemic. Despite the size of its legal cannabis market, a large percentage are using provisional licenses, and sales from the illicit market still make up a significant chunk of cannabis sales in the state. California has now set aside $100 million to help cannabis sellers get licenses and hopefully,…

FridaySep 03, 2021 4:20 pm

420 with CNW — How to Identify High-Quality CBD Oil

The popularity of cannabis and its products seems to be growing as more states across the country legalize the plant for medical and/or recreational use. If you’ve been interested in buying/using CBD oil, there are a few things you should keep in mind. For starters, it is important to do your own research and find out more about the CBD oil various companies produce and the quality of each. Even with online reviews, how can you identify high-quality CBD oils that live up to their claims? Below are a few things that may be of help to you. Find out…

FridaySep 03, 2021 4:20 am

420 with CNW — USDA Kick-Starts Hemp Farmer Survey for Better Policy Making

Last week, the National Agricultural Statistics Service revealed that forms for a survey on hemp farmers to be filled out online or via email were being finalized. This comes after the U.S. Department of Agriculture requested permission in July to carry out a survey of hemp farmers. Hemp has been legal in the United States since it was legalized federally under the 2018 Farm Bill. The large-scale survey will help the USDA to better understand the hemp market, which will allow for better policy making. The survey will include questions about the secondary and primary uses for hemp, the prices…

ThursdaySep 02, 2021 4:20 pm

420 with CNW — Top Federal Official Concedes Marijuana Advocates Were Right about Teen Cannabis Use

The road to cannabis reform has been long, tedious and fraught with hurdles. After decades of prohibition, anti-marijuana propaganda and harsh policing, reforming cannabis laws and changing the public’s perception towards cannabis was bound to be a challenge. While reform advocates argued that legalizing cannabis would offer a much-needed reprieve to the minority communities that had suffered the most from the failed war on drugs in addition to creating new jobs and filling state coffers with tax revenue, opponents said that it would inevitably lead to increased drug use, especially among the youth, and promote criminal activity. However, studies have…

ThursdaySep 02, 2021 4:20 am

420 with CNW — Snoop Dogg Urges Sports Leagues to Permit Cannabis Use by Athletes in Lieu of Opioids

Cannabis use among athletes is a controversial topic. Some sporting leagues have adhered to federal law, which classifies cannabis as a Schedule 1 controlled substance, and banned their athletes from consuming marijuana. In the past, professional sporting leagues such as the NBA and the NL tested for cannabis and often imposed punitive measures on athletes who failed these tests. However, the conversation regarding professional sports and cannabis peaked when American sprinter Sha’Carri Richardson was suspended from participating in the Olympics after testing positive for THC, the main psychoactive agent in cannabis. Richardson had consumed cannabis in Oregon where both recreational…

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…