420 with CNW Archives - Page 36 of 309

ThursdayJul 25, 2024 4:20 pm

420 with CNW — Kentucky Governor Writes to DEA Admin Supporting Federal Marijuana Reform

Kentucky Governor Andy Beshear recently wrote to Anne Milgram, the U.S. Drug Enforcement Administration (DEA) administrator, to voice his backing of the Department of Health and Human Services’ proposal to relax cannabis restrictions. The proposal advocates for moving marijuana from Schedule 1 to Schedule 3 of the Controlled Substances Act (CSA). Governor Beshear highlighted that this reclassification would offer patients a safer alternative to harmful opioids, ensuring continued access to reliable products. He also noted that such a move would aid communities in reducing illegal drug use and crime. Additionally, it would level the economic playing field for marijuana businesses…

WednesdayJul 24, 2024 4:20 pm

420 with CNW — Marijuana Companies in Europe Consider Listing in US as Rescheduling Progresses

A number of European marijuana start-ups are thinking about listing in New York due to the anticipated reclassification of marijuana by federal authorities as a less harmful narcotic. Although the companies haven’t finalized their plans, they are drawn to the U.S. market’s increasingly favorable stance on cannabis and CBD products. Statista estimates that this year’s CBD market might be valued at approximately $6.90 billion. Under the new U.S. regulations, cannabis may be moved from the highly restrictive Schedule 1 of the Controlled Substances Act (CSA), which also includes LSD, heroin, and fentanyl, to the less restrictive Schedule 3, placing it…

TuesdayJul 23, 2024 4:20 pm

420 with CNW — Curaleaf, Other MSOs Switching to Hemp-Sourced THC

Curaleaf Holdings had decided to step away from hemp. The New York-based cannabis multistate operator initially ran a hemp farm in Lexington, Kentucky, for its CBD product line starting in 2018. According to its annual filings, Curaleaf terminated its lease, stopped all hemp-related manufacturing and wholesale operations in Kentucky by the end of September last year and listed its assets for sale. However, Curaleaf recently reentered the hemp business, following a larger cannabis industry trend for licensed businesses. The company introduced a new range of THC-derived hemp products on June 24, 2024, under The Hemp Co. brand. The hemp-based, shelf-stable…

MondayJul 22, 2024 4:20 pm

420 with CNW — Recent Supreme Court Decision Could Impact Marijuana Reclassification

The recent decision by the U.S. Supreme Court to limit the power of federal regulatory agencies has introduced new uncertainty regarding the future of cannabis rescheduling. However, administrative law and policy experts believe that the ambiguity is not expected to hinder the Biden administration’s reclassification process. In a 6-to-3 decision last Friday, the court ruled that courts are no longer obligated to follow federal agencies’ interpretations of statutes when Congress leaves those interpretations unclear. This ruling effectively ends the Chevron doctrine, named after a 1984 judgment. Historically, courts would defer to regulators as the subject matter experts. There is speculation…

FridayJul 19, 2024 4:20 pm

420 with CNW — Study Links Marijuana Use to Improved Quality, Frequency of Sex

A recent scientific assessment of scholarly studies on human sexuality and cannabis has found that there is a complex link between sex and cannabis use. However, the general consensus is that cannabis tends to increase the frequency, enjoyment and desire for sex. The review, published in the “Psychopharmacology Journal,” suggests that higher amounts of cannabis may impair performance and desire, while smaller doses may be more favorable to sexual fulfillment. The effects also appear to vary based on gender. The study’s authors noted that marijuana can improve intimacy with partners, reduce shame and anxiety, lessen inhibitions and increase sexual pleasure.…

ThursdayJul 18, 2024 4:20 pm

420 with CNW — Study Shows Partner Violence Decreases After Marijuana Legalization

A recent study found that the legalization of recreational cannabis significantly reduces intimate partner violence (IPV). The research highlights that legal recreational marijuana affects the link between heavy alcohol consumption and IPV, likely because people are choosing cannabis over alcohol. The study was written by Georgetown University master student Samantha Gene Baldwin, who described the findings as surprising. “Given that cannabis use is an established IPV-risk factor, and that legalization typically leads to increased usage, one might expect RML to elevate IPV rates,” Baldwin explained. “RML may lessen its negative effects on IPV, though, if marijuana takes the place of…

WednesdayJul 17, 2024 4:20 pm

420 with CNW – Advocates Submit Petitions Seeking to Put Adult-Use Cannabis on Ballot in North Dakota

The organizers of a new ballot initiative in North Dakota to legalize recreational cannabis submitted their petition signatures on July 5, 2024. This step sets the stage for another potential statewide vote on a matter that voters and state lawmakers have previously turned down. Steve Bakken, chair of the sponsoring committee for the New Economic Frontier measure, announced that the group had submitted more than 22,000 signatures. For the initiative to make it onto the November ballot, 15,582 of those signatures need to be valid. The Secretary of State’s office, led by Michael Howe, has until Aug. 12, 2024, to…

TuesdayJul 16, 2024 4:20 pm

420 with CNW — Tax Exemptions That Companies Could Access Once Cannabis Rescheduling Is Complete

The marijuana industry has been significantly hindered by Section 280E of the IRS Code, which prevents businesses dealing with substances listed in Schedules 1 and 2 of the Controlled Substances Act (CSA) from deducting regular business expenses. Although Section 280E affects federal deductions, the regulations are not governed by federal laws in half of the markets where marijuana businesses are licensed to sell the drug for recreational or medical purposes. This implies that when cannabis businesses submit their state taxes, they are not subject to Section 280E. This provision has stunted the growth of legal cannabis businesses across the country.…

MondayJul 15, 2024 4:20 pm

420 with CNW — Feds Outline Research Priorities on Cannabinoids, Medical Marijuana

Health officials at the federal level have outlined research priorities on cannabinoids and cannabis in a new report by the National Center for Complementary and Integrative Health (NCCIH). The report highlights efforts by the NCCIH and other National Institutes of Health (NIH) entities to bridge the gap between the medicinal use of cannabis and the research informing its efficacy and safety. Key areas of research include the effects of cannabis on social anxiety, pain and sleep; the use of terpenes therapeutically; the use of computers to identify bioactive minor cannabinoids in hemp; and the chemical synthesis of uncommon cannabinoids. Funding…

FridayJul 12, 2024 4:20 pm

420 with CNW — Maryland Celebrates a Year of Adult-Use Cannabis, Pardons and Massive Growth Realized

Maryland saw a windfall of more than $14 million from cannabis sales taxes in just the first quarter of this year. As the state celebrates the first anniversary of legal recreational cannabis, sales continue to climb. Connor Whelton, ReLeaf CEO and cofounder, says business is thriving in this environment. He and his team have introduced creative ways to serve their customers. From home-delivery services to a walk-up window and an inviting in-store menu, the Maryland-based company made accessibility a priority. Whelton says he notices a shift in his clientele as the negative perceptions of marijuana diminish. With recreational cannabis now…

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