420 with CNW Archives - Page 46 of 268

ThursdayApr 13, 2023 4:20 pm

420 with CNW — Cannabis Prices Slump in Massachusetts Amid Supply Glut

A chronic oversupply problem has caused cannabis prices in Massachusetts to slump for several months. In October 2022, recreational cannabis in Massachusetts averaged $7.76 per gram of cannabis, the lowest cannabis prices had been since the launch of the adult-use market. Prices had decreased steadily since June 2021, with the most significant falls in cannabis prices occurring in September and October 2022. Interestingly, sales revenue from recreational cannabis went down as well, with adult-use cannabis retailers bringing in $112.2 million in November 2022, the lowest retail sales revenue since the start of the year. Joseph Lekach, CEO of cannabis company…

ThursdayApr 13, 2023 4:20 am

420 with CNW — Missouri Sees Uptick in Marijuana Jobs Shortly After Legalization Ballot

Despite its relative youth, America’s nascent cannabis industry has been one of the most prolific job creators in the country. As of January 2022, more than 420,000 people nationwide had full-time jobs in the state-legal cannabis industry. The industry has been among the fastest-growing sectors in the country in recent years, and it is predicted to be worth $47.5 billion by 2030 as more states launch their own markets and sales pick up. Missouri, a traditionally conservative state, is enjoying some of the labor benefits of cannabis reform after it recently approved recreational cannabis sales. Only a few months after…

WednesdayApr 12, 2023 4:20 pm

420 with CNW — Colombian Authorities Seize More Than 8,000 Pounds of Marijuana in Maritime Operations

More than 8,000 pounds of cannabis were confiscated last week in several maritime operations that resulted in two ships sinking. Three ships in total were intercepted, while one sunk while attempting to evade Navy ships, according to a statement released by the Columbian Navy on Saturday. The Navy released a video on Twitter showing officers unloading marijuana packages, which were estimated to be worth $29 million. The first incident took place when a Navy aircraft discovered a ship that was traveling in the northern Pacific region at a "high velocity." The vessel eventually sank as a result of the water…

WednesdayApr 12, 2023 4:20 am

420 with CNW — Bipartisan Bill Before Congress Seeks to Force DEA to Allow Patient Use of Cannabis, Psychedelics

A bipartisan group of congressional lawmakers has filed a measure that would compel the U.S. Drug Enforcement Administration (DEA) to allow seriously ill patients to use psychedelics and cannabis. The bill would clarify that gravely ill individuals have the right to access alternative treatments under federal Right to Try (RTT) laws that allow them to use schedule 1 drugs if they don't get any relief from traditional treatments. An RTT policy signed into law by President Donald Trump when he was still in office already grants terminally ill patients access to investigational drugs that have gone through clinical trials, even…

TuesdayApr 11, 2023 4:20 pm

420 with CNW — Montana Senators Reject Bill Seeking to Impose THC Limits, Ban Adult-Use Shops

Last Thursday, Montana’s Senate Committee for Economic and Labor Affairs approved SB 546 on a 6-to-4 vote count, giving it a pass for further Senate discussion. The bill, introduced by Senator Keith Regier, aimed to significantly reduce the potency of the medicinal cannabis plant and products in Montana by outlawing adult-use marijuana businesses, increasing the taxation on medical cannabis from 4% to 20%, and placing strict restrictions on the amount that can be legally possessed. It also aimed to reduce the number of marijuana plants grown for personal use from two to one. Advocates for medicinal marijuana challenged the law, claiming it…

TuesdayApr 11, 2023 4:20 am

420 with CNW — Germany to Proceed with Toned-Down Marijuana Legalization Plan as EU Review Awaits

Officials in Germany intend to move forward with a toned-down version of cannabis legalization after abandoning — at least temporarily — a more comprehensive proposal that would have brought about legal cannabis sales throughout the nation. Karl Lauterbach, the nation's health minister, had promised to introduce new marijuana regulations by the end of March this year. The new model, which consists of two parts, was first reported by Zeit and aims to legalize cannabis countrywide without breaking EU regulations. The model will, for four years, permit restricted cannabis sales in some areas, much like a pilot program. In doing so,…

MondayApr 10, 2023 4:20 pm

420 with CNW — Illinois Senate Approves Bill Blocking Police from Using Cannabis Smell as Probable Cause for Searches

Illinois Senators have voted in favor of a measure that would prevent law enforcement from using cannabis smell as a probable cause for vehicle searches. Senator Rachel Ventura sponsored the measure, which advanced in a 33-to-20 vote and is now headed to the Illinois House of Representatives for consideration. Ventura said that her legislation was meant to protect Illinoisians from unreasonable searches at traffic stops. She noted that law enforcement tends to pull over people of color “far too often” and that the odor of cannabis shouldn’t be probable cause for these stops. Recreational cannabis is legal for both residents…

MondayApr 10, 2023 4:20 am

420 with CNW — Colombian Legislators Work to Pass Cannabis Legalization Law This Year

Legislators in Colombia are looking to pass a bill that would legalize marijuana in the country this year. A Chamber of Representatives committee advanced the marijuana legalization bill in a 26-6 vote earlier this week. The measure was reconciled from Senate and Chamber of Representatives versions in late 2022. Both Senate and Chamber of representatives versions of the bill sought to amend Colombia’s constitution to eliminate prohibitionist cannabis policies. Lawmakers included language from the Chamber’s version of the measure that outlawed the possession and use of cannabis without a legal, medical prescription. The Chamber provisions limited marijuana marketing in public…

ThursdayApr 06, 2023 4:20 pm

420 with CNW — NBA to End Testing Players for Marijuana

Recent reports have indicated that the National Basketball Association (NBA) is striking cannabis from its list of banned drugs and ending marijuana testing for players. Athletic and Stadium reporter Shams Charania said that the NBA was removing cannabis testing as part of its new seven-year collective bargaining agreement and that the league had eliminated marijuana from its antidrug testing program. The NBA’s stance on cannabis use among players has become more liberal in recent years. Last October, it was reported that the NBA would pause random cannabis drug tests for the third time in a row. Some insiders posited that…

ThursdayApr 06, 2023 4:20 am

420 with CNW — Kentucky Governor Enacts Medical Cannabis Legalization Law

Only hours before the end of the 2023 session, a proposal to make medical marijuana legal in Kentucky went through the state senate on Thursday after ten years of fruitless attempts. In front of a bipartisan group of lawmakers and supporters on Friday morning, Governor Andy Beshear enacted the legislation, putting Kentucky among the states resolving to end the prohibition of medicinal marijuana. The initiative will be active starting in early 2025. In two of the previous three years, House Representatives had approved a medicinal marijuana measure, which was rejected at the Senate because of insufficient support from the party's…