420 with CNW Archives - Page 219 of 315

FridaySep 11, 2020 4:20 pm

420 with CNW – Federal Report Reveals Few Banks Worked with Cannabis Businesses Amidst the Pandemic

The latest data from the federal government shows that in the last fiscal quarter, few financial institutions are servicing firms in the cannabis industry. In fact, the number is said to have declined. Last week, a report released by the Financial Crimes Enforcement Network showed that 695 credit unions and banks were working with legal marijuana businesses at June’s end. However, in the previous quarter, the number was 710, showing a clear decline. What then, is behind the apparent decline? COVID-19 is one of the culprits. The coronavirus pandemic has affected many economies globally, with most businesses either going bankrupt…

FridaySep 11, 2020 4:20 am

420 with CNW – Congressional Bill Seeks to Allow CBD and Other Hemp Ingredients to Be Sold as Supplements

Two congressmen have introduced a bill that would allow CBD and other hemp extracts to be marketed and sold as dietary supplements. Sponsored by Reps. Kurt Schrader and Morgan Griffith, the bipartisan legislation would make it clear that Congress intends on making federally regulated CBD and other hemp products available to American consumers. Although industrial hemp and its extracts were legalized in December 2018, the nascent industry lacks a national regulatory framework. The new bill seeks to clear the legal confusion around CBD and allow licensed retailers to sell CBD products. “Hemp was historically an important crop for Virginia farmers,…

ThursdaySep 10, 2020 4:20 pm

420 with CNW – Research Finds Cannabis Use Has Grown Among Baby Boomers

A recent study that was published in the Annals of Internal Medicine last Monday, shows that the use of cannabis among people aged between 56 and 74, is on the rise in America, with men in the lead. The baby boomer generation which makes up people aged between 56 and 74, refers to people who were born between the year 1946 and 1964. They make up about 20% of the world’s population, mostly in developed nations. The study’s co-author, Bill Jesdale, suggests that the attitudes toward marijuana in the country seem to be changing. Bill Jesdale, who also works at…

ThursdaySep 10, 2020 4:20 am

420 with CNW – Bags of Marijuana Rain on Tel Aviv Streets

Residents of Tel Aviv were treated to a rare sight last Thursday after drones dropped hundreds of small bags of cannabis over the infamous Rabin Square. Dozens of people watched curiously as the small packets of cannabis floated down to the ground, with some even running into the streets to collect as many bags as they could carry. The illegal consignment of marijuana was delivered by a group called Green Drone, which announced to its followers on Telegram that it was the start of an ongoing “rain of cannabis.” “It’s time my dear brothers. Is it a bird? Is it…

WednesdaySep 09, 2020 4:20 pm

420 with CNW – Survey Finds 81% Support for Marijuana Legalization in Mississippi

As the November 3 ballot approaches, drug reform advocates in Mississippi will be happy to know that a majority of the state’s potential voters support the legalization of medical marijuana. After conducting telephone surveys with 600 Mississippians likely to vote in the November 2020 general election, California-based research company FM3 Research found out that 81% of them supported medical marijuana. “In principle, four in five (81%) Mississippi voters support doctors being able to recommend medical marijuana to patients with medical conditions and serious illnesses, and more than two thirds (68%) do so strongly,” writes the firm in a key findings…

WednesdaySep 09, 2020 4:20 am

420 with CNW – Marijuana Advocates Help Congress Draft Bill to Prevent Impaired Driving

A well-known cannabis advocacy group, in association with the National Organization for the Reform of Marijuana Laws helped draft a new congressional bill whose objective is to combat drug-impaired driving. The legislation was filed on Friday by Representative Kathleen Maura Rice (D-NY) and Troy Balderson (R-OH). The legislation would also establish a $5 million annual federal grant to be used to further advocate for public education on drug-impaired driving. Those who oppose cannabis legalization often claim that its legalization would increase occurrences of impaired driving despite the lack of evidence to back their claims. Last year, it was also determined…

TuesdaySep 08, 2020 4:20 pm

420 with CNW – Hemp-Based Meat: The future of Plant-Based Diets

The Sustainable Food Co. from New Zealand, a zero-waste catering company, has developed hemp-based meat, the first of its kind in the world. It plans to introduce it to the market as a sustainable substitute to meat in early 2021. This company is also the producer of other plant-based meats. Some of these plant-based meats have hemp in them for its nutritional value. The company will roll out its hemp-based burgers in collaboration with Greenfern Industries, a medical marijuana producer, through its Craft Meat Co. brand. Kyran Rei, the co-founder of Sustainable Food Co. revealed in an interview earlier this…

TuesdaySep 08, 2020 4:20 am

420 with CNW – Could Marijuana Odor Control Technology Be the Next Big Thing?

If you’ve ever interacted with marijuana, then you know it has a very distinct, very identifiable smell. Whether it’s still in the ground or being smoked, marijuana produces a strong, pungent smell that’s sure to turn heads, especially given the legal landscape. If you are growing industrial hemp, which smells just like marijuana but won’t get you high, you may find yourself nursing losses due to thieves who think it is cannabis or even worse, facing federal charges from law enforcement who have confused it for cannabis. So why does cannabis produce such a strong smell? The answer lies inside…

FridaySep 04, 2020 4:20 pm

420 with CNW – Congressman Introduces Bill to Promote Hemp Industry

Almost two years after Congress legalized industrial hemp and allowed farmers across the country to start growing the crop under state and tribal programs, an outgoing congressman has filed a bill that would create a variety of programs that would help new entrants into the industry grow their businesses. Dubbed the ‘Hemp Opportunity Zone Act’ the bill was filed by Rep. Denver Riggleman. One of its main objectives is the creation of “opportunity zones,” areas where farmers who cultivate hemp will be eligible for tax benefits. These are census-designated low-income areas that are considered economically distressed, with the governor making…

FridaySep 04, 2020 4:20 am

420 with CNW – Cannabis Sales in Oregon Soaring Amidst the Pandemic

In July, Oregon achieved the highest cannabis sales ever, showing just how well the marijuana industry is thriving, despite the coronavirus pandemic. The State of Oregon recorded approximately $106 million in recreational and medical marijuana sales. According to a report by the Oregon Liquor Control Commission that was released recently, this is the third month in a row that the state has made cannabis sales of over $100 million. OLCC broke down the marijuana sales statistics based on the different types of cannabis products that had been sold and discovered that marijuana bud purchases had significantly grown during the coronavirus…