420 with CNW Archives - Page 265 of 293

WednesdayApr 24, 2019 4:20 pm

420 with CNW – West Virginia Looks for Financial Institution to Handle Medical Cannabis Money

The Treasurer’s Office in West Virginia plans to issue a request for proposals (RFP) by the end of next month (May 2019) inviting interested financial institutions to submit their proposals for handling the money generated by the state from the medical cannabis industry. These funds will include license fees, fines, taxes and other revenues accruing from medical marijuana. Earlier this year, the legislature passed a law to expand the scope of the types of financial institutions that could express interest in handling this money from medical marijuana. Credit unions and other non-traditional banking companies are now eligible to apply. It…

WednesdayApr 24, 2019 4:20 am

420 with CNW – Maine Releases Recreational Marijuana Draft Rules

Ever since voters in Maine approved a ballot measure to legalize recreational marijuana in 2016, the state had never formulated rules to regulate the commercialization of adult-use cannabis even if residents were allowed to grow a limited number of cannabis plants soon after the midterm vote that paved the way for recreational marijuana. Two years later, the state has released its draft rules indicating how the recreational market will be regulated. The draft rules indicate that applicants will first have to obtain a conditional license from the state before getting the approval of the town or city where the applicants…

TuesdayApr 23, 2019 4:20 pm

420 with CNW – Cannabis Legalization Not Linked to Increased Traffic Fatalities, Study Finds

According to a new study whose findings were released this month, there is no link between the legalization of marijuana and an increase in traffic deaths. This conclusion was arrived at by Andrew Young, a graduate student at Kansas State University after he analyzed traffic deaths data covering 23 years. Young used two different statistical models to assess how the change in cannabis policy and laws in different states has impacted road safety. The researcher concluded that the legalization of marijuana isn’t a significant predictor of fatalities on roads. This means that statistically, there is no proof that cannabis legalization…

TuesdayApr 23, 2019 4:20 am

420 with CNW – Nevada Dragged to Court Over the Issuance of Marijuana Licenses

The growing discontent among companies that weren’t selected to receive one of the marijuana business licenses issued by the State of Nevada has grown to an extent of lawsuits being filed against the tax department. A dozen companies have gone to court and want the state to be stopped from issuing more licenses until court decides whether the selection process was “capricious and violated the state constitution.” A total of six lawsuits have been filed, all alleging that no one knows what criteria was used by the state when selecting the cannabis companies to grant a license and which applications…

MondayApr 22, 2019 4:20 pm

420 with CNW – StatsCan Reveals that Cannabis Legalization Resulted in Canadian Weed Becoming More Expensive

Data released by Statistics Canada last week shows that after recreational cannabis was legalized in Canada on October 17, 2018, the price of legal marijuana increased by approximately 17 percent. However, the Canadians who are buying pot from the licensed suppliers are paying about 57 percent more for the product when compared to those who are getting their weed from the black market. Statistics Canada (StatsCan) arrived at these figures after collecting data from residents who were asked to volunteer information without any fear that they would be victimized for revealing their cannabis buying habits. This creative approach helped StatsCan…

MondayApr 22, 2019 4:20 am

420 with CNW – Canadian Marijuana Consumers Unaware They Can Object to ID Scanning

Canadian law requires cannabis buyers to present a valid ID for verification before one buys recreational or medical cannabis. However, some retail stores are going a step further and scanning the IDs of their customers. Such scanning isn’t provided for in the law, and the stores doing so are using that information for their own purposes. For example, some may use the collected data to track buyer behavior. The danger in scanning cannabis buyers’ IDs is that there is still a lot of stigma attached to cannabis users. It would therefore be very damaging if the data collected by the…

ThursdayApr 18, 2019 4:20 pm

420 with CNW – American Cannabis Sales Expected to Double on 4/20

For the uninitiated, 4/20 in the marijuana industry can be equated to Fourth of July. The exact origin of that “holiday” isn’t known, but there is speculation that the day is named after the time of the day (4:20 p.m.) when a group of students would meet outside their high school in the 1970s to hunt for some legendary cannabis plants that had been abandoned. According to that myth, those students never found that marijuana crop, so they doggedly kept up their search. On 4/20, sales of marijuana are expected to, at the very least, double at all retail facilities…

ThursdayApr 18, 2019 4:20 am

420 with CNW – First Medical Cannabis Greenhouse Opened in Sydney

Approximately one year ago, the Australian federal government changed its rules on marijuana and cleared the way for cannabis to be grown using taxpayer money. Those changes have seen the first government-run cannabis greenhouse opening in Sydney, New South Wales. The plan is to start by growing limited amounts of cannabis for research purposes before commercial cultivation can begin. Right now, the plants in the greenhouse will be studied on issues like humidity, fertilizers, temperature, lighting and other growing factors necessary to produce a crop whose attributes are uniform. Once the facility can produce cannabis of the same medical quality,…

WednesdayApr 17, 2019 4:20 pm

420 with CNW – New Jersey Lawmakers Remain Undecided as Governor Sets Cannabis Legalization Deadline

Approximately a month ago, a vote in the New Jersey senate on a bill to legalize recreational cannabis was postponed after it was realized that the bill may not have enough support among the senators. Now Gov. Murphy has given the legislators up to the end of May to pass the bill or he would use his executive powers to expand the medical cannabis program. Insiders say that the biggest sticking point is the matter of who qualifies to have their cannabis-related criminal record expunged. The bill sets the marijuana possession limit at 5 pounds if someone is to have…

WednesdayApr 17, 2019 4:20 am

420 with CNW – Dutch Government Unveils Plan to Conduct Regulated Cannabis Market Experiment

The Netherlands has had a unique model in which marijuana is neither legal nor illegal yet it is sold in coffee shops. However, the cultivation of cannabis is illegal in the country, so the cannabis products consumed in the licensed coffee shops are obtained from illegal sources. The government wants to end this situation by conducting experiments in the regulated production of cannabis. To this end, ten cultivators have been selected and each one of them is expected to grow between six and ten different varieties of marijuana. The THC content of that marijuana will be prominently indicated on the…