420 with CNW Archives - Page 245 of 313

TuesdayFeb 11, 2020 4:20 pm

420 with CNW – Poll Shows Most Kentuckians Support Legalizing Pot

Support for marijuana legalization has changed dramatically over the last few years, with more and more states legalizing either medical or recreational marijuana. However, some states are more conservative than others; for instance, in Kentucky, cannabis is not legal either for medical or adult-use purposes. However, a recent survey by Kentucky Health Issues Poll (KHIP) in 2019 showed that in the last decade, support for marijuana legalization has been rising within the state. And it was the first time more than half of the residents of Kentucky who were surveyed said that they were in favor of marijuana for any…

TuesdayFeb 11, 2020 4:20 am

420 with CNW – Study Finds Business Innovation and Profits Go Up After Marijuana Legalization

New research shows that in the U.S., many states have been experimenting with different forms of marijuana legalization. The study found that businesses are thriving in states where marijuana is legal. Researchers at the University of Iowa embarked on a study of the impact of legalization on the economy, and they analyzed 9,810 corporations between 1991 and 2017. The researchers found that after the legalization of medical marijuana, the states experienced a multitude of positive impacts. The authors of the research said that firms whose headquarters are in a state where marijuana is legal were found to receive higher market…

MondayFeb 10, 2020 4:20 pm

420 with CNW – Netflix Bows to Singapore Government Pressure to Block Marijuana Shows

The majority of us got to see the humanization of marijuana users through film and television, but Singapore is working to make sure that its citizens would not be able to access films with marijuana content. According to a new report issued by Netflix, the company has removed all movies that have marijuana contents as a move to comply with several demands made by the government of Singapore. This included three-pieces of marijuana-themed shows known as Cooking on High, The Legend of 420, and Disjointed. They also removed Martin Scorsese’s films that had overt drug use and partying themes such…

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…