420 with CNW Archives - Page 263 of 278

TuesdayJan 15, 2019 4:20 am

420 with CNW – Liquor Sales Unaffected by Marijuana Legalization, Study Finds

There were fears that the legalization of adult-use marijuana in different U.S. states would trigger a decline in alcohol sales as consumers switch to marijuana instead of taking alcohol. Numerous reasons, such as the hangovers associated with alcohol consumption, were cited as factors that would impact alcohol sales once cannabis was legalized. However, a recent study conducted by the Distilled Spirits Council has found that no such slump in sales has occurred in the three states where recreational cannabis has been legal for the longest time in the U.S. The alcohol trade association reported that the trends in alcohol sales…

MondayJan 14, 2019 4:20 pm

420 with CNW – Three Things Likely to Affect Marijuana Stock Prices

While 2018 can be described as a huge year for marijuana in many ways, 2019 promises to yield even bigger strides for the industry. Investors who are planning to get in on the action this year should pay attention to three important factors that are likely to have an impact on the price of marijuana stocks. This article discusses those factors. Changes to U.S. Marijuana Laws There have been concerted efforts to get the U.S. federal government to modify its marijuana laws. So far, nothing has happened yet. However, the new House of Representatives that started its work at the…

SaturdayJan 12, 2019 4:20 am

420 with CNW – The Most Expensive Cannabis Product is Sold in Las Vegas

In true Las Vegas fashion, the record for the most expensive cannabis product ever sold (so far) has gone to a cannabis dispensary where a restaurant owner bought a “cannagar” (a cigar that contains marijuana instead of tobacco) at $11,000. This record-breaking purchase was made by Brandon Hawkins after he flew to Las Vegas from Los Angeles with the sole purpose of buying this specialty product. The scene of this purchase was Nuwu Cannabis Marketplace found on tribal land. The cannagar was wrapped in a 24-carat gold leaf, part of the reason why it was so expensive. Brandon Hawkins said…

FridayJan 11, 2019 4:20 pm

420 with CNW – Feds Plan to Spend $1.5 Million on Cannabis Research in 2019

The U.S. federal government has plans to give researchers $1.5 million to study the minor components of cannabis and the terpenes in the plant during the 2019 funding cycle. The money will go to researchers who want to study how cannabis components, excluding THC, affect pain management. NCCIH (National Center for Complementary and Integrative Health) published a notice asking researchers to show interest in studying terpenes and minor cannabinoids. The funding will go towards understanding how those minor cannabinoids and terpenes work to relieve pain either in isolation or in combination with each other. The notice published by NCCIH stressed…

FridayJan 11, 2019 4:20 am

420 with CNW – Ontario to Select Cannabis Retailers Using a Lottery

Did you, in your wildest dreams, ever imagine that the start of your business venture would depend on the outcome of a lottery? Well, that is exactly the fate awaiting cannabis retail license applicants in Ontario, Canada. The provincial government led by the Progressive Conservatives has decided to use a lottery to select the first 25 private entities that will be allowed to open marijuana retail businesses. Previously, the province had resolved to sell recreational cannabis in government-run retail outlets only. However, the change of government towards the end of the year resulted in a modification of that plan, thereby…

ThursdayJan 10, 2019 4:20 pm

420 with CNW – Cannabis Concentrates Could Be Bigger than Edibles in Canada

Canada is slated to legalize cannabis edibles sometime this year and the population is filled with excitement regarding these products. However, if the trend in the U.S. states where edibles are legal is anything to go by, then edibles will not be the biggest moneymaker. Something else, concentrates, will be king of the market. For example, edibles fetched $685 million from the start of 2018 to October the same year in Oregon, Colorado, California and Arizona. However, the same period saw consumers spending approximately $1.4 billion on marijuana concentrates. The bulk of that money spent on cannabis concentrates was for…

ThursdayJan 10, 2019 4:20 am

420 with CNW – Rhode Island Considers Using Medical Cannabis to Stop Opioid Dependency

The Department of Health in Rhode Island has scheduled a public hearing early next month to collect views about a petition that calls for cannabis to be used to help people wean off prescription opioids. Prescription opioid overdoses were found to be responsible for the death of 336 people in 2016 while the number of such fatalities in 2017 was 323. From the start of 2018 to September 2018, the fatalities from prescription overdoses were 220. The public hearing will take place on February 6 starting at 10a.m at the auditorium of the DOH. Thereafter the department will review the…

WednesdayJan 09, 2019 4:20 pm

420 with CNW – Three Medical Marijuana Issues That Iowa May Need to Revisit

Iowa legalized medical cannabis in 2014, but the rate at which the state has adapted to the changing realities of the industry is so slow that many have been left frustrated by how oblivious the state legislature is to the things that laypeople see every day. Of specific concern are the three issues below. The Number of Licensed Dispensaries The entire state of Iowa has only five medical cannabis dispensaries from which patients can legally acquire what they need for their health challenges. For example, Cedar Rapids doesn’t have any licensed dispensary within its borders and yet this is the…

WednesdayJan 09, 2019 4:20 am

420 with CNW – CARERS Act Seeks to Reform Federal Marijuana Law

Congressman Steve Cohen (D-TN) together with other cosponsors have introduced a bill in Congress seeking to protect states that legalize medical marijuana from federal prosecution while making their own laws to regulate the medical marijuana industry. The bipartisan bill will formalize the respect of the rights of states to pass laws and implement their own medical marijuana programs. Currently, only a Department of Justice spending rider passed by Congress prevents federal prosecutors from using taxpayer money to prosecute individuals who use cannabis for medical or recreational purposes in states where it is legal. That rider, at least hypothetically, doesn’t bar…

TuesdayJan 08, 2019 4:20 pm

420 with CNW – Ohio Residents Petition for More Medical Marijuana Qualifying Conditions

Toward the end of this month, a special committee will sit to assess the different petitions that Ohioans submitted calling for additional conditions to be included on the list of ailments for which one can obtain a medical cannabis card. The meeting this month comes after the end of a window within which people could send in their requests for the conditions they want to see on the qualifying list for access to medical cannabis. Medical marijuana became legal in 2016 and 21 qualifying conditions were listed in that law. However, the law also granted the Medical Marijuana Board permission…