420 with CNW Archives - Page 234 of 301

MondayFeb 10, 2020 4:20 am

420 with CNW – Colorado Unveils Plan to Ease Banking Access for Marijuana Industry

On Monday, Colorado Governor Jared Polis unveiled a plan through which he seeks to increase the number of financial institutions conducting business with the legal marijuana industry. Rep. Ed Perlmutter joined Polis at the press conference for announcing the new legislation “Roadmap to Marijuana Banking and Financial Services.” The Assembly-led legislation was sponsored by Perlmutter, and the legislation’s aim is to protect financial institutions from being punished for transacting with the legal marijuana businesses within Colorado. Polis said that federal prohibitions on marijuana have forced banks to rejects opening accounts for marijuana businesses, blocking them from accessing financial services. The…

FridayFeb 07, 2020 4:20 pm

420 with CNW – Feds Worried International Cannabis Rescheduling Could Force Their Hand

An upcoming vote seeking to loosen international restrictions on cannabis has the U.S. federal government worried as it could reinforce marijuana legalization efforts. Media outlets obtained a government document that was released last year by the United Nations’ (UN) World Health Organization (WHO). The report was discussing a series of marijuana policy recommendations in the U.S. The policies discussed include the removal of marijuana from Schedule 1 of controlled substances under an international treaty as well as rescheduling some cannabinoids. Last year, the UN’s Commission on Narcotic Drugs was expected to vote on WHO’s reclassification recommendations and decide if they…

FridayFeb 07, 2020 4:20 am

420 with CNW – Illinois Pot Companies Sell Marijuana Worth Almost $40M in January

The adult-use marijuana industry in the state of Illinois started on a high note. On Monday, the Department of Financial and Professional Regulation announced that in the month of January, marijuana sales came to a total of $39.2 million. Recreational marijuana sales became legal on the Jan. 1, 2020, and within January, marijuana customers bought approximately one million cannabis products. The majority of the marijuana products were purchased by residents of Illinois and this amounted to $30.6 million, while $8.6 million was purchased by out-of-state consumers. The sales figures above do not account for medical marijuana sales; it is only…

ThursdayFeb 06, 2020 4:20 pm

420 with CNW – In-Store Marijuana Dispensary Trends to Watch This Year

It is the nature of any new industry to have rapid trend changes, and the marijuana market is not an exception. Changes are therefore most likely be visible on the shelves at your local dispensary. Lately, you may have noticed that shorter lines and fewer people are seen queuing at the dispensaries; this is because digital kiosks are serving the customers faster. Marijuana customers will also be able to purchase more CBD-infused products as it is the product that is legal in many states in the U.S. this year. Discussed below are some of the in-store dispensary trends to watch…

ThursdayFeb 06, 2020 4:20 am

420 with CNW – LA Black Entrepreneurs Frustrated by Unresponsive Marijuana Equity Program

The establishment of a program meant to provide marijuana permits to people who have been affected by the war against drugs in Los Angeles has been marred by delays, scandal, and bureaucratic blunders. This has resulted in the loss of thousands of dollars for some of the intended beneficiaries. Speaking to the Guardian, black entrepreneurs and marijuana activists said that the beleaguered social equity program had left potential business owners on a list whose approval timeline is uncertain, and this has resulted in irreparable damages to the finances of the businesses in question. It has also prevented them from opening…

WednesdayFeb 05, 2020 4:20 pm

420 with CNW – Authorities Say Illinois Marijuana Shortages Were Planned

Since the legalization of adult-use marijuana in Illinois, the market has been plagued by long queues, closure of dispensaries, and shortages; and this has left marijuana customers very frustrated. However, it has emerged that the cultivators intended to start the sale of recreational marijuana on a slow note, the state officials said. The cultivators and state officials said that their ultimate goal is to have a marijuana market where supply and demand are balanced. Governor J. B. Pritzker’s senior advisor on marijuana Toi Hutchinson said that the regulators aimed to intentionally slow down the market to ensure that there was…

WednesdayFeb 05, 2020 4:20 am

420 with CNW – Jamaica is Helping Small Unlicensed Marijuana Growers to Go Legit

The Jamaican government is offering small-scale farmers who are cultivating marijuana illegally a way out by transitioning them into licensed growers in an effort to eliminate the black market. Instead of punishing unlicensed growers, the government is helping them transition into the regulated marijuana market to raise awareness, eradicate poverty, and promote sustainable development in the country. In a press release, the Jamaican Minister of Industry, Commerce, Agriculture, and Fisheries, Floyd Green said that the program (Alternative Development Plan) is focusing on community groups. Green further noted that they are starting with a group of weed farmers, where they provide…

TuesdayFeb 04, 2020 4:20 pm

420 with CNW – What US Marijuana Entrepreneurs Can Learn from Canadian Mistakes

The legalization of recreational marijuana in Canada took place in October 2018, and since then, the country has been facing a lot of issues, many of which offer valuable insights to entrepreneurs and government officials. Forewarned is forearmed; countries such as the United States and others looking for national legalization of adult-use marijuana should learn from Canada. Discussed below are the lessons other countries should learn from the legalization of marijuana in Canada. Marijuana Stocks were not Trading on Fundamentals Investors looking to invest their money in marijuana stocks should be careful. According to the BBC, marijuana stocks in Canada…

TuesdayFeb 04, 2020 4:20 am

420 with CNW – Hotels Still Unsure About How to React to Marijuana Legalization

One major part of the travel industry is the hotel, and with the legalization of marijuana taking place in more and more states in the U.S., hotels are facing several challenges concerning marijuana consumption. They are faced with the issue of figuring out how to allow their guests to partake in marijuana consumption within their properties, training and drug testing their staff, and how to deal with the changing marijuana laws. The principal of Woodmont Lodging said that the emerging trend, marijuana, is not going away, and it can be likened to casinos when they were trying their push countrywide.…

MondayFeb 03, 2020 4:20 pm

420 with CNW – Missouri Advocates Launch 2020 Marijuana Legalization Signature Drive

On Thursday, Marijuana advocates in Missouri officially launched a campaign to put adult-use marijuana legalization on the November ballot. The measure requires 160,199 valid signatures to be entered in the 2020 ballot, and Missourians for a New Approach announced that they have started collecting the signatures to qualify the measure. Their announcement comes a month after the secretary of state certified the ballot titles and gave the go-ahead for signature collection. The legislation provides that individuals aged 21 and above would be permitted to carry and purchase marijuana from licensed retailers. They could also grow a maximum of three plants…