420 with CNW Archives - Page 269 of 306

FridayJun 28, 2019 4:20 am

420 with CNW – 2019 Federal Data Shows More Banks are Accepting Marijuana Businesses

Newly released federal data shows that in 2019, more credit unions and banks have been taking on marijuana businesses as clients compared to previous quarters and years. The federal data shows that there were 113 credit unions and 438 banks which actively serviced cannabis businesses in the final quarter of 2018. The statistics for the first quarter of 2019 indicate that the banks increased to 493 while credit unions numbered 140. The data comes from the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department. FinCEN tracks the finances of the marijuana industry in accordance with the banking guidelines issued…

ThursdayJun 27, 2019 4:20 pm

420 with CNW – National Sheriffs’ Association Wants Marijuana Rescheduled

The National Sheriffs’ Association (NSA) has passed a resolution calling on the federal government to reschedule marijuana. The same resolution also reiterates the group’s opposition to the legalization of recreational marijuana. In the resolution, the NSA states that they regard the legalization of cannabis as a threat to public safety and health, but they also have empathy for people who are suffering as a result of debilitating conditions which prompt them to seek medical cannabis. The sheriffs reaffirmed that they remain opposed to not just state-level legalization but decriminalization as well since these policies haven’t done much to eradicate illicit…

ThursdayJun 27, 2019 4:20 am

420 with CNW – Idaho Medical Cannabis Ballot Initiative Clears First Hurdle

According to a press release issued by the Idaho Cannabis Coalition on Tuesday (June 25), the group has submitted the required list of voters supporting their petition to see medical marijuana included on the state ballot in 2020. The group was told that they needed to collect a minimum of 55,057 signatures from Idaho voters if they were to be given the go-ahead to put together a ballot measure that would be voted on during the upcoming elections in 2020. The coalition duly collected the signatures and submitted them to the Secretary of State for verification before the next step…

WednesdayJun 26, 2019 4:20 pm

420 with CNW – It’s Official, Illinois is 11th to Legalize Recreational Marijuana

As had been widely expected, Gov. J.B Pritzker yesterday (June 25) signed a bill legalizing recreational marijuana in Illinois. This makes the state the 11th to legalize marijuana fully, joining the likes of Colorado and California. When this new law takes effect on Jan 1, 2020, adults 21 and older will be allowed to possess up to 30grams of marijuana and non-residents will be permitted to possess a maximum of 15grams. The signing ceremony marked the fulfillment of a pledge Gov. Pritzker made when he was campaigning for office. He promised to see the swift legalization of recreational marijuana in…

WednesdayJun 26, 2019 4:20 am

420 with CNW – California Launches Public Campaign Against the Illicit Marijuana Market

The legal marijuana industry in California has been grappling with a number of challenges, chief of which is how to stamp out the illicit operators in the state. On Friday, the state launched a public campaign aimed at educating the public about the dangers associated with cannabis from the black market. The “Get #Weedwise” campaign is intended to encourage people to only buy marijuana from the regulated market. The campaign will also send out warnings to the illegal operators to either get licensed or close shop. In a press release, the Bureau of Cannabis Control (BCC) chief, Lori Ajax, said…

TuesdayJun 25, 2019 4:20 pm

420 with CNW – CBD Shows Promise in Study on Superbugs

As bugs get more resistant to the existing antibiotics, researchers are looking for new ways to combat infections and cannabidiol, a marijuana compound, is showing promise as a remedy for superbugs. A new study conducted by researchers in Brisbane, Australia has shown that CBD has promising antimicrobial activity against some strains of Gram-positive bacteria, such as varieties of strep and staph bacteria. In the study, a synthetic form of CBD was placed in lab dishes containing the bugs being investigated. The cannabis compound showed the same level of antimicrobial activity as two existing prescription antibiotics (daptomycin and vancomycin). The synthetic…

TuesdayJun 25, 2019 4:20 am

420 with CNW – Company Invents CBD Extraction Method Aimed at Bringing Prices Down

While the popularity of cannabidiol (CBD) has been growing, the current price of high-quality CBD oil is so high that it is out of reach for many of the people who need it the most. Draconis Extraction Technology (DET) has come up with a system which will extract crude CBD on an industrial scale and lower the cost of the final product. The large-scale ethanol extraction process is patented and is set to start being used to avail winterized, full-spectrum de-waxed CBD oil. Paul Baskis, the person who invented the extraction system says he was driven by a desire to…

MondayJun 24, 2019 4:20 pm

420 with CNW – More Pregnant Women Using Marijuana to Treat Morning Sickness

It has been widely reported that marijuana can treat morning sickness, so it isn’t surprising that more women are resorting to cannabis to ease the symptoms of morning sickness during the initial stages of pregnancy. Researchers have found that the number of pregnant women turning to cannabis is higher than it ever was. The study published in the JAMA journal found that the number of women who use cannabis to deal with morning sickness has more than doubled from just 3.4 percent in 2002 to 7 percent in 2017. These findings were obtained after analyzing the data collected during the…

MondayJun 24, 2019 4:20 am

420 with CNW – New York Marijuana Decriminalization Expands as Full Legalization Fails

As plans to legalize marijuana fully appear to have hit a dead end in the New York State legislature, the lawmakers have agreed to expand the decriminalization of the drug in addition to providing for the automatic expungement of low-level cannabis possession convictions across the state. On Thursday, Senators agreed to treat the possession of up to two ounces of cannabis as an infraction punishable by a $50 fine instead of regarding it as a crime. This measure marks a huge change in a state where thousands of residents have been caught on the wrong side of the law and…

FridayJun 21, 2019 4:20 pm

420 with CNW – Congress Votes to Stop Feds from Interfering in State Marijuana Programs

The House of Representatives has voted to block the Department of Justice (DOJ) from using its funds to enforce federal cannabis laws within states which have passed their own laws regulating recreational or medical marijuana cultivation, consumption and sales. This measure was one of the several amendments put before the floor for inclusion in the appropriations bill for Fiscal Year 2020. The measure, which expands an existing rider that protected medical marijuana programs, was approved on Thursday by a 267-165 vote. Marijuana industry advocates are convinced that the vote tally reflects the broad support for marijuana law reform, and this…