420 with CNW Archives - Page 249 of 307

MondayDec 02, 2019 4:20 pm

420 with CNW – Massachusetts Consumers Buy Legal Marijuana Worth $393 Million in First Year

It has been a year since Massachusetts started selling recreational marijuana, and although the state was not in a hurry to speed up the matter, the public was interested as they rushed to the retail stores immediately after the sale began. It took long to legalize adult-use marijuana in the state, but in November of 2016, the citizens legalized recreational cannabis through the ballot. In 2017, Massachusetts governor, Charlie Baker, signed legislation that changed the rules governing weed, pushing the sales of recreational marijuana back by six months. After overcoming several other hiccups, the Cannabis Control Commission (CCC) passed the…

MondayDec 02, 2019 4:20 am

420 with CNW – Marijuana Companies Look to Europe for Greener Pastures

Marijuana companies in North America are experiencing lots of trouble, and companies that are looking to reap profits from cannabis are suffering from significant losses. In the meantime, European companies such as World High Life PLC are basking in the new opportunities brought by the emerging marijuana industry. The marijuana sector needs a fresh look because its markets remain unattractive despite the changes in equity valuation and investor attitudes. Canopy Growth holds the blue-chip marijuana market leader position. Before Constellation Brands Inc. acquired its first stake in 2017, Canopy Growth had already secured a significant amount of funds. A few…

WednesdayNov 27, 2019 4:20 pm

420 with CNW – President Trump Thinks Drug Prohibition is Doomed to Failure

During a vaping discussion held on Friday, President Donald Trump voiced his acknowledgment of the failure of policies banning drugs. He said that prohibiting access to drugs such as cigarettes, alcohol would only force consumers to acquire them through illegal routes. During the meeting, the president met with both the supporters and opposers to debate on whether to endorse restrictive policies like banning of flavored vaping products, a proposal that was brought up by his administration. President Trump further said that banning vaping products will force people to buy from the black market where they might buy products laced with…

WednesdayNov 27, 2019 4:20 am

420 with CNW – 5 Banking Options Marijuana Companies Can Explore

Every month, many marijuana companies across the U.S. have to move physical cash from their premises in order to pay for utilities and other needed supplies and this is a common practice among marijuana businesses. Although marijuana is legal in most states in the U.S., banks that are federally insured have prohibited the opening of accounts for cannabis businesses. This is because they are afraid of being accused of criminal activity since federally, marijuana is a controlled substance under Schedule 1 of the Controlled Substances Act. The refusal of banks to conduct business with weed businesses has left them with…

TuesdayNov 26, 2019 4:20 pm

420 with CNW – Washington State University Teams Up With Pot Company to Study Medical Marijuana

On November 6, one of the universities which was granted federal land by the Morrill Acts of 1862 and 1890, Washington State University, announced that it would be partnering with Biopharmaceutical Research Company (BRC) to advance the research on medical marijuana and its impacts. BRC is a pharmaceutical company registered with the DEA. Washington State University issued a press release saying that it partnered with the pharmaceutical company to launch an innovative study to evaluate marijuana and speed up the pace of marijuana research. The partnership will give the WSU scientists access to marijuana for research purposes while adhering to…

TuesdayNov 26, 2019 4:20 am

420 with CNW – New Jersey Could Have the Lowest Weed Taxes According to Voter Measure

If everything goes according to plan, New Jersey could be the state with the lowest tax rate for legal weed sales. Voters are expected to vote on a marijuana legalization measure that seeks to allow the state to subject a sales tax of 6.625% on legal weed sales. All cities allowing the sale of legal weed would be authorized to impose a maximum of 2% transfer tax which would total up to 8.625%. This would still be the lowest tax imposed on legal marijuana sales in the U.S. According to marijuana analysts, the low taxes would enable legal marijuana to…

MondayNov 25, 2019 4:20 pm

420 with CNW – Key Congressional Committee Passes Marijuana Legalization Bill

On Wednesday, a key Congressional committee passed legislation that would decriminalize and tax marijuana as well as expunging federal marijuana convictions. However, to become law, it has to be approved by the full House and the Republican-controlled Senate. The House Judiciary Committee passed the bill by a vote of 24 to 10. The bill is known as the Marijuana Opportunity Reinvestment and Expungement (MORE) Act of 2019 and was introduced by Rep. Jerrold Nadler (D-NY) and co-sponsored by more than 50 legislators. The legislation has the following provisions: Remove weed from Schedule 1 of the Controlled Substance Act, which includes…

MondayNov 25, 2019 4:20 am

420 with CNW – Minnesota Marijuana Legalization Advocates Take Lessons from Colorado

This week, former Colorado public officials Stanley Garnett and Doug Friednash, who were opposed to marijuana legalization, shared their opinions with Minnesota legislators about the things to consider if cannabis is to be legalized. The two are currently members of a Denver law firm with a department dealing with marijuana and industrial hemp. They said that they are sure they made the right decision by opposing legalization. At the time of their speech, they were invited to Minnesota by Ryan Winkler, who is the Minnesota House Majority Leader. Winkler is heading the cannabis legalization initiative in Minnesota. The two said…

FridayNov 22, 2019 4:20 pm

420 with CNW – Michigan Starts Issuing Recreational Marijuana Sales Licenses

The legal sale of adult-use cannabis will happen soon after Michigan regulators issued the program's first business license on Tuesday. While inside a retailer’s Ann Arbor store, the director of Michigan Marijuana Regulatory Agency, Andrew Brisbo, issued three licenses to the leaders of Exclusive Brands. The licenses permit the business to grow, process, and sell adult-use pot. The general manager of Exclusive Brands, Nick Warra, said that licensing marijuana businesses would help in breaking down decades of stigma surrounding smoking weed. While standing inside the Ann Harbor store, Warra added that buying weed will be like going to the liquor…

FridayNov 22, 2019 4:20 am

420 with CNW – New Florida Bill to Protect Medical Marijuana Patients from Being Fired

The number of registered medical marijuana patients in Florida is estimated to be about 300,000. The patients are issued with medical marijuana cards that give them access to MMJ for them to legally to treat some medical conditions. However, these licensed users of medical marijuana in Florida are facing negative consequences at work and in school. Some of the people who have suffered a setback in their education or career because of medical marijuana include Kaitlin McKeon who enrolled for a nursing program at Nova Southeastern University. The school requires applicants to do a drugs test, and hers came back…