420 with CNW Archives - Page 47 of 307

TuesdayJan 30, 2024 4:20 am

420 with CNW — Restrictions Imposed on New Recreational Marijuana Markets Could Stifle Business

America was one of the first countries on the globe to adopt cannabis reform and repeal prohibitionist cannabis laws, at least at the state level. The country is now home to the largest cannabis markets on the globe and earns billions of dollars annually from fees and cannabis sales. Twenty-four states already allow recreational cannabis sales, but several of them passed adult-use cannabis policies in the past couple of years and are still working out the kinks in their markets. However, players in some of America’s youngest recreational cannabis markets are grappling with increasingly stringent rules and regulations that have…

MondayJan 29, 2024 4:20 pm

420 with CNW — Missouri Legislators Hesitant to Add Cannabis to Workers’ Comp Law

Missouri voters approved a recreational cannabis measure in 2022, joining the growing number of states with adult-use marijuana markets. However, the legalization measure did not address how employers would handle compensation for employees who sustain workplace injuries while under the influence of cannabis. Currently, employees may have their compensation and death benefits cut by up to 50% even if they hadn’t consumed cannabis for days but still tested positive for THC. This mostly stems from the fact that existing cannabis tests aren’t accurate and cannot properly connect blood THC levels to actual intoxication. Worker compensation attorney Bradley Young says this…

MondayJan 29, 2024 4:20 am

420 with CNW — CDC Study Shows Major Drop in Teen Cannabis Use in Washington’s Largest County Post-Legalization

A recent federal study conducted by the Centers for Disease Control and Prevention (CDC) has shown a notable decline in cannabis use among teenagers in King County, Washington State’s largest county, following recreational use legalization in 2012. The study indicates a substantial decrease in both frequent and current cannabis use among 8th, 10th, and 12th-grade students, according to data from 2008 to 2021. According to researchers, the legalization of marijuana combined with related rules and age restrictions may have made it less available to minors. They do, however, concede that the COVID-19 epidemic may have contributed to more recent drops…

FridayJan 26, 2024 4:20 pm

420 with CNW — Several Bills to Legalize Cannabis Filed in Indiana

The potential legalization of cannabis in Indiana is expected to be a prominent issue in the upcoming legislative session. In previous years, legislators have pointed to the proximity of neighboring states with legalized cannabis as a driving force behind Indiana’s consideration of the matter. The allure of increased tax revenue, witnessed in nearby states such as Michigan and Illinois, serves as a persuasive incentive for lawmakers to contemplate legalization. Currently, nine measures in both the Indiana senate and house have been proposed, with each incorporating “marijuana” in their titles. SB 99, sponsored by Senators Rodney Pol and Fady Qaddoura, proposes…

FridayJan 26, 2024 4:20 am

420 with CNW — Ohio Governor Urges Lawmakers to Enable Adult-Use Cannabis Sales

Ohio Governor Mike DeWine has urged state lawmakers to enable recreational marijuana sales before the end of the year. During a recent interview with newspaper editors, Gov. DeWine said that although Ohio voters approved a measure to legalize recreational cannabis in late 2023, recreational sales won't begin until the end of 2024. The governor noted that Ohio is in a sort of “goofy situation” where recreational cannabis consumption and cultivation are legal, but the state still hasn’t approved retail locations to sell adult-use marijuana. As a result, black-market sellers are stepping in and taking advantage of the market gap to…

ThursdayJan 25, 2024 4:20 pm

420 with CNW — SD Assembly Approves Legislation Sanctioning Cannabis Companies Without Warnings on Gun Ownership

South Dakota’s Assembly has passed two bills highlighting that those who use medical cannabis may be prevented from legally possessing firearms under federal law. The legislation includes adding policy notices in cannabis dispensaries and on patient applications. Failure to comply with these standards may result in daily fines for dispensaries. The first measure, relating to marijuana patients’ applications, received resounding support with a 68 to 1 vote, while the second one, concerning dispensaries, faced a more divided vote, passing 42 to 27. According to the legislation, medical marijuana dispensaries in South Dakota must display a warning sign stating that federal…

ThursdayJan 25, 2024 4:20 am

420 with CNW — Congressional Researchers Highlight Shortcomings of Cannabis Rescheduling Recommendation

A recently published Congressional Research Service (CRS) report has highlighted the potential shortcomings of the U.S. Department of Health and Human Services’ (HHS) marijuana rescheduling recommendation. Last year, the HHS published a series of documents recommending that the U. S. Drug Enforcement Administration (DEA) reschedule marijuana to Schedule III of the Controlled Substances Act. HHS officials justified the recommendation on the grounds that cannabis currently has “accepted medical uses” and thus did not meet the conditions required of Schedule I drugs. Rescheduling cannabis from Schedule I to Schedule III would finally make it legal for doctors to prescribe marijuana at…

WednesdayJan 24, 2024 4:20 pm

420 with CNW — Study Suggests Marijuana Isn’t Effective as Treatment for Opioid Addiction

A recent study involving 8,367 patients undergoing treatment for opioid-use disorder has challenged the notion that cannabis serves as an effective remedy for overcoming opioid addiction. The study, published in “The American Drug and Alcohol Abuse” Journal, revealed that marijuana, when used outside of medical supervision, fails to exert any noteworthy impact on opioid consumption. The study carries significant implications for treatment programs in the United States, some of which impose a prerequisite for patients to abstain from marijuana before qualifying for life-saving interventions. This is predicated on the idea that people who use cannabis are more inclined to use…

WednesdayJan 24, 2024 4:20 am

420 with CNW — Czech Republic Wants to Legalize Marijuana Sans Legal Sales

The Czech Republic has revealed its plan to legalize adult-use marijuana. Local news media outlets reported that the measure aimed at legalizing adult-use marijuana wouldn’t include regulations for a legal market. Expats.cz reported that the government tabled a draft marijuana regulation measure last week. The Central European nation is among several other countries in Europe that are working on marijuana regulation. The country decriminalized the possession of marijuana for personal use in 2010, then legalized medical marijuana in 2013. However, the recreational use of marijuana remains illegal. In 2022, the country publicized its plans to legalize adult-use marijuana, which included…

TuesdayJan 23, 2024 4:20 pm

420 with CNW — Major Themes Marijuana Investors Can Expect in 2024

Despite a year of major highs and lows in 2023, cannabis investors are hopeful that this year will be better thanks to several major issues that are likely to boost the cannabis industry. Let’s take a look at five themes likely to shape the industry: Rescheduling prospects Last year, U.S. marijuana businesses witnessed substantial gains after the U.S. Department of Health and Human Services (HHS) recommended the rescheduling of cannabis from Schedule I to III of the Controlled Substances Act (CSA). If rescheduling materializes, it could alleviate the burdens imposed by Section 280E of the IRS, allowing marijuana companies to…