420 with CNW Archives - Page 47 of 315

WednesdayMay 08, 2024 4:20 pm

420 with CNW — US Cannabis Companies Could Soon Access Bankruptcy Protection

U.S. cannabis businesses undergoing distress often face hurdles in seeking bankruptcy protection, a common challenge in an industry prone to business downturns. However, there’s a glimmer of hope on the horizon with potential federal rescheduling of cannabis and shifting perspectives evident in recent bankruptcy cases. Duane Morris Law firm associate, Ryan Spengler, expressed cautious optimism, noting that advancements in court rulings coupled with potential rescheduling may pave the way for new bankruptcy avenues for U.S. marijuana businesses. He stated that even before federal rescheduling, if bankruptcy courts begin to show leniency towards marijuana-related companies, it could signal a positive trend…

TuesdayMay 07, 2024 4:20 pm

420 with CNW — Signature Collection Can Begin After North Dakota Cannabis Legalization Ballot Initiative Gains Official Approval

Michael Howe, North Dakota’s secretary of state, recently gave the green light for the circulation of a petition aiming to legalize marijuana. If approved, the measure would allow adults aged 21 and older to grow, process, use and sell cannabis. Additionally, it would establish a regulatory body to oversee marijuana-related entities within the state. The proposal also includes specific regulations concerning processing and production, as well as restrictions on usage, such as in vehicles and public spaces, and provisions for home cultivation. To qualify for inclusion on the ballot, supporters of the petition must gather a minimum of 15,582 signatures…

MondayMay 06, 2024 4:20 pm

420 with CNW — German Marijuana Imports Reached Record Levels in 2023

Germany saw a significant surge in its marijuana imports for scientific and medical purposes last year, reaching a record high, indicating a growing interest from international businesses eyeing opportunities in Europe’s largest federally regulated medical cannabis market. According to the latest data from the Federal Institute for Drugs & Medical Devices (BfArM), the country imported 36.4 tons (31,398 kilograms) of marijuana products last year. This marks a notable increase of 26.2% compared to the previous year’s import volume of 24,876 kilograms. The trend of increasing imports has been consistent through the years. In 2022, the country saw imports of 27.4…

FridayMay 03, 2024 4:20 pm

420 with CNW — Citrus-Smelling Cannabis Compound Has Potential to Manage THC-Induced Paranoia

Cannabis, when used in the right amount, can have calming effects, easing anxiety and alleviating pain. However, determining the appropriate dosage can be challenging. Consuming even slightly too much can lead to a starkly different experience, often referred to as “paranoia” by recreational users, characterized by panic and acute anxiety. Recent research published in Drug and Alcohol Dependence suggests that one of the aromatic compounds in marijuana, d-limonene, may counteract these anxiety-causing effects. The citrusy compound, found naturally in marijuana, could potentially help users avoid experiencing anxiety attacks, which would increase cannabis’ therapeutic effects. Marijuana contains more than 500 chemical…

ThursdayMay 02, 2024 4:20 pm

420 with CNW — New Survey: 6 in 10 Americans Consider Cannabis Safer Than Tobacco, Alcohol

According to a new survey, the majority of Americans believe that marijuana is less detrimental to health than tobacco and alcohol. According to the YouGov poll, 64% of participants believe that regular alcohol consumption is riskier than marijuana use, and 63% believe that regular tobacco use is also riskier. The survey conducted from April 5–8, 2024, involved 1,148 adults. Contrastingly, only a small fraction — 14% — believes that cannabis usage poses a greater threat than regular alcohol consumption. Additionally, 16% of participants stated that marijuana is more detrimental than tobacco. In total, 53% of those surveyed indicated that both…

WednesdayMay 01, 2024 4:20 pm

420 with CNW — Is Cannabis Legalization Addressing Harms Minority Communities Suffered?

In 2014, Washington state marked a milestone by opening some of the country’s pioneering legal cannabis stores. At that time, Sam Ward Jr. found himself under home detention due to federal narcotics charges. He eventually went to prison to complete a four-year prison sentence. Fast forward to today, Ward, a Black American citizen, proudly stands as the CEO of Cloud 9 Cannabis, his own marijuana store. Perched atop a colorful blue and gold throne, he extends a kind greeting to customers looking for early 4/20 discounts while reflecting on his experiences as one of the first to profit from Washington’s…

TuesdayApr 30, 2024 4:20 pm

420 with CNW — More States Could Mark Upcoming 4/20s with Legal Access to Marijuana

Marijuana remains prohibited under federal law in the United States, yet a significant number of states have opted to legalize its recreational use. Currently, 24 states and the District of Columbia (“DC”) have passed legislation permitting recreational cannabis, as reported by the National Organization for the Reform of Marijuana Laws (NORML). Additionally, 38 states and DC have established regulations allowing for medical cannabis usage. A recent survey conducted by the Pew Research Center highlights that a large majority of American adults, accounting for 88%, advocate for the legalization of marijuana. Within this majority, 32% express support for its legalization solely…

MondayApr 29, 2024 4:20 pm

420 with CNW — Politicians Tout Cannabis Policy Reform Progress as 4/20 Celebrations Take Place

Lawmakers from various states in the United States joined in the celebration of the 4/20 cannabis holiday on Saturday, April 20, 2024, adding their support to the growing movement for cannabis reform. While this day has traditionally been a time festivities within the marijuana community, it has also become a platform for politicians to advocate for further reform, reflecting the increasing bipartisan backing for the issue. In the lead-up to 4/20, members of Congress and advocates intensified their efforts to promote reform. This included calls for full legalization and proposals to enable banks to engage with state-regulated cannabis businesses. Representative…

MondayApr 29, 2024 10:00 am

Missouri AG Starts Investigating Intoxicating Hemp Derivatives

Earlier this week, Missouri’s AG began investigations in a bid to limit intoxicating hemp products. The issue, according to Attorney General Andrew Bailey, is products such as delta-8 vape pens and edibles, which aren’t labeled clearly for consumers. In his press release, the attorney general stated that people in Missouri had a right to know if the products they were buying had any serious or possibly dangerous side effects, such as hallucinations, severe confusion and psychotic episodes. Intoxicating products made from hemp are unregulated. Despite this, they are still sold in places such as gas stations and bars because hemp…

FridayApr 26, 2024 4:20 pm

420 with CNW — Maine Sounds Alarm on Illicit Marijuana Linked to Chinese Gangs

Maine is becoming the new hub for the illegal cannabis trade, with numerous unlicensed cultivation houses scattered across the state, according to a recent investigation conducted by CBS News. This trend mirrors a broader phenomenon unfolding countrywide, with illegal cannabis farms sprouting up in various states, such as Colorado, Oklahoma and California, as highlighted by the DEA’s former head of operations, Raymond Donovan. Donovan attributes Maine’s strategic suitability for marijuana cultivation to its discreet geographical location and proximity to prominent distribution hubs such as New York and Boston. A notable instance occurred in December when law enforcement authorities, after a…