420 with CNW Archives - Page 238 of 305

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…

MondayFeb 03, 2020 4:20 am

420 with CNW – Arizonans Spent More Than $500M on Medical Marijuana in 2019

Last year, Arizona residents spent more than half a billion dollars on medical marijuana, an increase from the previous year, which is an indication of marijuana prevalence within the state. This year voters will decide whether to legalize adult-use marijuana during the November elections. According to a year-end report from the Department of Health Services in Arizona, as of December 2019, there were 220,000 registered medical marijuana patients in the state’s program. Last year, these patients bought approximately 83 tons of marijuana. Compared to the number of tons purchased in 2018 (61 tonnes), there was a 36% increase, and the…

FridayJan 31, 2020 4:20 pm

420 with CNW – Canadian Monthly Pot Spending Exceeds $100M for the First Time

In business, a year can make a huge difference. At this time last year, pot stocks were untouchable as they were flying high, and most of the brand-name companies were expecting recurring profitability by the time 2019 comes to an end, but the reality of the situation was the opposite of their expectations. Some of the states in the U.S. have imposed high tax rates on marijuana sales, persistent supply challenges in Canada and the ever-growing marijuana illicit market posed a significant challenge to the legal marijuana industry in 2019 and these challenges eventually managed to push a several of…

FridayJan 31, 2020 4:20 am

420 with CNW – First Cannabis Consumption Lounge Gets Approved in Illinois

Illinois launched recreational marijuana sales on Jan. 1, and less than a month later, the state is planning to open the first marijuana consumption lounge where people would be allowed to use marijuana freely on-site. Springfield City Council approved a marijuana consumption lounge with a vote of 9 to 1. The HCI Alternatives consumption lounge will be located in the downtown area of Springfield. Illinois has allowed people to consume marijuana in the comfort of their residences. But, with the approval of marijuana consumption lounges, fans can now consume weed socially away from their homes. Springfield Alderwoman Doris Turner said…

ThursdayJan 30, 2020 4:20 pm

420 with CNW – More Illinois Residents Opt for Medical Marijuana to Dodge High Taxes

To get more states to legalize marijuana, the cannabis community has been convincing the people as well as the leaders by estimating the amount of tax revenue states could generate from the sale of legal weed. And from the look of things, lawmakers are starting to heed their cries as more and more states move to legalize either medical or recreational marijuana, or even both. However, the tax imposed on marijuana sales is too high in some states such that consumers are opting to buy weed from the black market where it is affordable. For Illinois residents, the better option…

ThursdayJan 30, 2020 4:20 am

420 with CNW – Chicago Housing Authority Eases its Strict Position on Recreational Weed

The new recreational marijuana market in Chicago is still facing some challenges. However, the challenge of being restricted from consuming pot in accomodations that fall within the ambit of the Chiacgo Housing Authority is being addressed in light of the state law allowing recreational marijuana. Marijuana consumers can now buy marijuana and smoke it at home. Previously, people living in subsidized housing facilities governed by federal law couldn’t smoke marijuana in their homes because as per federal law, cannabis is illegal. Last year, sixty-three thousand households received warning letters for possible evictions for families found violating federal marijuana laws. However,…