420 with CNW Archives - Page 45 of 309

ThursdayMar 14, 2024 4:20 pm

420 with CNW — Research Finds 7 in 10 Americans Live in States with Legal Cannabis

Despite federal prohibition, cannabis has gained legal status across many of the states in the United States, whether for recreational or medical use. According to recent research from the Pew Research Center, a majority of Americans, approximately 74%, now reside in states where cannabis is permissible in some form. Among these, about 54% live in states where recreational use is allowed. Currently, a significant portion of states — 24, along with the District of Columbia — have given the green light to recreational cannabis. Furthermore, 14 states have legalized cannabis solely for medical applications, while the rest, totaling 12 states,…

WednesdayMar 13, 2024 4:20 pm

420 with CNW — Analysis of Differences Between Taxes on Marijuana, Sports Betting

In 2021, Arizona witnessed the legalization of two long-operating but previously illicit industries: sports betting and recreational cannabis. This change brought a surge of tax revenue to the state, with one industry outpacing the other significantly. While sports betting enjoys greater popularity per capita in the state, it contributes only a small percentage of the taxes compared to the marijuana sector. According to 2023 revenue data, the total wagering amount on sportsbooks in the state was almost five times greater than the state’s entire marijuana sales. However, despite this, the tax revenue from cannabis companies was more than eight times…

TuesdayMar 12, 2024 4:20 pm

420 with CNW — 2023 Marijuana Business Licenses Declined in US, Data Firm Says

The number of active cannabis company licenses in the United States saw a substantial dip in 2023, the first decline following years of steady increase, according to a recent CRB Monitor report. According to the data, there was a 4% drop in the number of active marijuana licenses in the U.S. between 2022 and 2023. On the other hand, Canada saw a 2% growth in the quantity of active marijuana business permits over the same period. CRB Monitor is a company based in Nashville, Tennessee, specializing in marijuana intelligence and license monitoring. Since 2019, the combined total of active licenses…

MondayMar 11, 2024 4:20 pm

420 with CNW — Study Shows Cannabis Users Less Likely to Suffer Cognitive Decline

A recent study suggests a potential link between cannabis use and reduced instances of subjective cognitive decline (SDC), wherein individuals who incorporate cannabis into their routines, whether for medical or recreational purposes, report experiencing less memory impairment and confusion than nonusers. Published in the “Current Alzheimer Research” Journal, the study’s significance lies in its departure from prior research that has often associated subjective cognitive decline with a higher risk of dementia in later life. The findings challenge conventional assumptions about the cognitive impacts of THC, the primary psychoactive component of marijuana. The research, conducted by scholars from SUNY Upstate Medical…

FridayMar 08, 2024 4:20 pm

420 with CNW — Virginia Lawmakers Pass Cannabis Sales Bill, Send to Governor

Virginia lawmakers have recently given their final nod to legislation aiming to legalize the retail sale of cannabis, slated to commence from May 1, 2025. This decision, following several weeks of negotiations, now awaits the approval of Governor Glenn Youngkin. Both the Senate and House of Delegates endorsed similar versions of the measures on Feb. 28, 2024, reconciling differences after amendments from a committee in the Senate threatened to disrupt the agreement between the two chambers. Later, each chamber approved the bills from the other, forwarding them to the governor for potential enactment. A prior Democratic-led measure from 2021 allowed…

ThursdayMar 07, 2024 4:20 pm

420 with CNW — Veterans Groups Urge Biden Administration to Reclassify Cannabis

Leading U.S. veterans’ organizations are urging the Biden administration to promptly relax federal marijuana laws, aligning with a growing chorus of voices advocating for rescheduling the substance six months after a recommendation from the U.S. Department of Health and Human Services (HHS). Expressing their sentiments in a recent letter, the groups have called upon the Department of Justice, which oversees the U.S. Drug Enforcement Administration (DEA), to take swift action. Highlighting the challenges faced by veterans of the United States Armed Forces when they return home, the coalition, comprising entities such as the Minority Veterans of America, AMVETS, Iraq and…

WednesdayMar 06, 2024 4:20 pm

420 with CNW — Company Makes First Export of DEA-Approved Marijuana from Jamaica to US

A Jamaican-Canadian company based in Toronto and formed by Canopy Growth Corp. and Steep Hill Labs’ former employees, has completed what it asserts to be the inaugural DEA-approved export of marijuana products from Jamaica to the United States. The company, Pure Jamaican, alongside Seven-10 Pharmaceuticals, its manufacturing and cultivation division located in Montego Bay, Jamaica, dispatched a range of eight distinct tincture products and three diverse distillate products containing varying ratios of CBD and THC, according to Scott Cathcart, who heads both entities. Only a small batch of the products was sent for DEA-sanctioned research purposes. The products were shipped…

TuesdayMar 05, 2024 4:20 pm

420 with CNW — Maryland Legislators Consider Bills Against Workplace Discrimination for Cannabis Users

Legislative committees in Maryland’s state House of Delegates and Senate convened last week to deliberate on proposed measures aimed at shielding workers from repercussions due to off-duty marijuana use. The bills’ essence lies in shifting the burden of proof onto employers, requiring them to demonstrate on-the-job impairment before taking disciplinary action against an employee. Introduced as SB 513 by Senator Alonzo Washington and as HB 525 by Delegate Jheanelle Wilkins, both bills share near-identical language. The Finance Committee in the Senate heard testimonies on SB 513 on Thursday, while the House’s Economic Matters Committee followed suit with HB 525 a…

MondayMar 04, 2024 4:20 pm

420 with CNW — Official Records Show Recreational Marijuana Sales in Canada Exceeded C$5B in 2023

In 2023, Canada’s recreational marijuana market boasted a value of approximately C%5.07 billion ($3.8 billion), a recent government report on retail sales stated. This reflects a 12.2% increase from the previous year, showcasing a trend of growth, albeit at a slower pace compared to earlier years, marking more than five years since the legalization of recreational marijuana in 2018. Brad Poulos, an entrepreneurship professor at Toronto Metropolitan University, explains this slowdown as a normal evolution of the market. He points out that a big part of the increase in sales of legal marijuana comes from customers moving away from illegal…

FridayMar 01, 2024 9:30 am

Advocates Say Biden Missing Huge Opportunity by Not Pursuing Cannabis Legalization

At the moment, marijuana remains illegal at the federal level. This is despite the fact that 38 states have legalized its medical use while another 24 states legally allow recreational use. Marijuana advocates believe the Biden administration is missing out on a chance to attract young voters by not legalizing the drug federally. Thus far, the administration has availed different avenues for cannabis reform, including initiating the process of possibly rescheduling the drug’s status and issuing federal pardons for simple possession. Advocates argue that this isn’t enough, however, noting that President Joe Biden is not addressing marijuana’s criminalization, which has…