420 with CNW Archives - Page 226 of 307

TuesdayMay 26, 2020 4:20 am

420 with CNW – Illinois Unveils $31 Million Program to Address Harms of Marijuana Prohibition

For a long time, the federal government has outlawed cannabis, and it is no question that certain communities have suffered most from its decades’ long law war on marijuana. Aside from creating new job opportunities and producing tax revenue from sales, advocates for legalizing marijuana have argued that legalizing it would be the first step in stopping this unfair persecution. Indeed, several states that have legalized cannabis within their borders have directed substantial funds towards repairing the damage the war on drugs has had on certain communities. Illinois, for instance, has had a very lucrative legal cannabis scene, and a…

FridayMay 22, 2020 4:20 pm

420 with CNW – How Tech Can Keep Marijuana Afloat During the Pandemic

A little over four months after the coronavirus was first identified in Wuhan, China, it has infected at least 5 million individuals, claimed over 300,000 lives and brought the world economy to a standstill. As the world takes steps to curb the spread of the virus, technology has proven crucial, allowing governments and businesses to keep operating from home and helping workers and customers stay safe. And as experts say we may be grappling with the coronavirus for at least two more years, the role of technology in our daily lives is even more important. Cannabis was lucky enough to…

FridayMay 22, 2020 4:20 am

420 with CNW – D.C. Mayor Seems to be Setting the Stage for Marijuana Sales

On May 17, the mayor of Washington D.C. released a budget plan for the 2021 fiscal year, and it may have positive implications for the city’s medical marijuana program. Based on language included in the plan, it looks like the local government is preparing to implement regulations for medical marijuana sales as soon as Congress Okays it. Although low level possession and home cultivation has been legal for adults over 21 since a ballot measure was passed in 2014, the local government has been unable to add a legal sales component due to Congressional interference. In the budget plan for…

ThursdayMay 21, 2020 4:20 pm

420 with CNW – Oregon Breaks Yet Another Monthly Marijuana Sales Record

The economic impacts of the coronavirus crisis will undoubtedly be felt for years. With more than 30 million Americans newly unemployed and all but the most essential businesses shut down in the meantime, most industries are in a downturn. One sector that was spared and almost seems to be thriving during the crisis is the cannabis sector. For years, one of the main arguments for legalizing marijuana has been the tax revenue states stand to earn from sales. With the coronavirus pandemic tearing across the country and most public coffers stretched thin, such revenue would be a godsend. Oregon, for…

ThursdayMay 21, 2020 4:20 am

420 with CNW – Louisiana Assembly OKs Medical Marijuana for Debilitating Conditions

On Friday, the Louisiana House of Representatives overwhelmingly approved bills that would significantly expand the state’s medical cannabis program. Residents suffering from debilitating conditions, especially those who cannot access medical marijuana, will now be happy to know that the medical marijuana program will have its list of qualifying conditions expanded to fit a wider range of ailments. Dispensaries will also be allowed to deliver marijuana products directly to the patients’ homes. Both bills were sponsored by Rep. Larry Bagley, with his medical condition expansion bill passed 76-15 and the delivery bill was approved 80-15. This comes a week after a…

WednesdayMay 20, 2020 4:20 pm

420 with CNW – Cannabis Could Prevent Coronavirus Infection, Canadian Study Finds

A little over four months after the coronavirus was first identified in Wuhan, China, the virus has infected over 4.5 million people worldwide and left at least 300,000 dead, and the hunt for a cure and ultimately a vaccine is raging on. However, due to insufficient data on the novel coronavirus and its penchant towards mutation, scientists are basically shooting in the dark and hoping for a favorable outcome. There have been rumors of numerous cures for the virus, from the anti-malaria drug hydrochxychloroquine, herbal cures and coronavirus oils to cannabis, all of which have been dismissed. However, based on…

WednesdayMay 20, 2020 4:20 am

420 with CNW – California Governor Delays Implementation of Proposed Marijuana Regulatory Changes

Although most states designated the cannabis industry as essential and allowed businesses to keep operating despite the lockdown, the industry as a whole has suffered a variety of setbacks due to the coronavirus pandemic. A number of campaigns to legalize marijuana have been put on hold all over the country due to social distancing measures. In California, lawmakers have been forced to postpone systemic reforms to the California regulatory agencies that oversee the state’s marijuana industry. When he announced his annual budget plan earlier this year, California Governor Gavin Newsom revealed that he wanted to; merge the trio of regulatory…

TuesdayMay 19, 2020 4:20 pm

420 with CNW – Congress Passes Coronavirus Bill With Marijuana Banking Provisions

Although government-issued coronavirus-related measures were designed to curb the spread of the virus, they had an unintended consequence, economic downturn. With all but the most essential businesses ordered to close during lock-downs, the economy was in a free fall. More than 20 million Americans have lost their jobs since the start of March, and the government ended up deploying a massive $2 trillion coronavirus relief bill to help people and small businesses weather the storm. However, due to ongoing federal prohibition, businesses in the state-legal marijuana industry were denied access to these relief funds. Federal prohibition has made banking institutions…

TuesdayMay 19, 2020 4:20 am

420 with CNW – Study Shows Marijuana Legalization Boosts Hotel Bookings

For a very long time, advocates for legalizing marijuana have outlined the revenue states stand to gain from legalization. Indeed, states like Colorado have brought in massive revenues through cannabis sales in the recent past. Furthermore, results from a new study show that legal cannabis has a positive effect on the tourism and hospitality industry. Dubbed (Pot)Heads in Beds: The Effect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington, the study was published online and appears in the latest issue of Regional Policy and Analysis. It states that Colorado had a considerable increase in room rentals soon after…

MondayMay 18, 2020 4:20 pm

420 with CNW – Marijuana Panic Buying Slows Down in Canada

As the threat posed by the coronavirus grew bigger, governments around the world issued lockdown orders and instructed all but the most essential businesses to close down. In the days and weeks preceding the stay at home orders, legal marijuana saw a spike in sales as people stocked up for what they thought would be a long period of self-isolation. However, several provinces in Canada deemed the marijuana industry essential, giving consumers constant access to cannabis during the lockdown. According to cannabis company executives, the COVID-19 boom in cannabis sales is dissipating, and consumers have slowed down their purchasing frenzy.…