420 with CNW Archives - Page 47 of 325

ThursdayOct 10, 2024 4:20 pm

420 with CNW — Newsom Signs Measure Authorizing Cannabis Cafes to Operate in California

California Governor Gavin Newsom approved a measure that will allow the operation of marijuana cafés, modeled after those in the Netherlands. The law is set to come into effect on Jan. 1, 2025, subject to local government approvals. Last year, Governor Newsom vetoed a similar proposal from Assembly Member Matt Haney, which would have permitted California’s cannabis retailers to run full kitchens and host events. Newsom’s main concern at the time was the lack of adequate worker protections in the bill. In his latest signing statement, he expressed support for Haney’s improvements to the current bill. These changes include protecting…

TuesdayOct 08, 2024 4:20 pm

420 with CNW — Five Highlights from US NASEM Report on Marijuana

Cannabis legalization has made significant progress in the United States, with more than one-half of the states allowing its use for medical or recreational purposes, or both. However, despite these developments, cannabis is still illegal at the federal level. A recent report from the National Academies of Sciences, Engineering and Medicine (NASEM) highlights the growing divide between federal and state laws, which creates inconsistent policies and could pose risks to public health. Initially, state regulations focused on the business side of cannabis, such as revenue and sales, overlooking public health. This has led to a situation where policymakers are now…

MondayOct 07, 2024 4:20 pm

420 with CNW — Officials in Ukraine Approve Medical Marijuana Qualifying Conditions

The government of Ukraine recently approved a list of medical conditions that qualify for medical marijuana following the enactment of the country’s marijuana legislation by President Volodymyr Zelensky. The Ministry of Health shared a list of roughly 20 medical conditions eligible for marijuana treatment, noting that more conditions could be included later if medically approved. The current list covers a variety of health issues, including neuropathy, multiple sclerosis, shingles, cerebral palsy, chemotherapy-related complications, childhood epilepsy and Parkinson’s disease. While Zelensky and other officials have said access to medical marijuana can help soldiers address mental and physical wounds incurred during the…

FridayOct 04, 2024 4:20 pm

420 with CNW — Does Florida Cannabis Ballot Measure Stand Chance of Passing?

Former President Donald Trump recently expressed support for Amendment 3, a ballot initiative scheduled for Nov. 5, 2024, that would legalize recreational cannabis in Florida. This unexpected endorsement has added a new twist to the ongoing legalization efforts in the state. Proponents of the measure are hoping that Trump’s backing will help sway the 15% of undecided voters to vote in favor of the legislation. With just over a month before the election, the fate of Amendment 3 is still uncertain as polls show the decision could go either way. To pass, the measure needs at least 60% of the…

ThursdayOct 03, 2024 4:20 pm

420 with CNW — Kentucky Officials Prepare to Hold Medical Cannabis License Lottery

Kentucky will begin its lottery for medical cannabis business licenses next month, marking a key milestone in launching the state’s medical marijuana program. There has been an overwhelming response to the program, with Kentucky officials receiving close to 5,000 applications for business licenses before the Aug. 31, 2024, deadline. Most of these applications, around 4,096, came from individuals and groups wanting to open dispensaries. However, only 48 of those dispensaries will be granted licenses. Governor Andy Beshear commented on the significant interest, stating, “The results speak for themselves. There is amazing, even overwhelming, interest, particularly from Kentuckians. This demonstrates that…

WednesdayOct 02, 2024 4:20 pm

420 with CNW — IRS to Keep Applying 280E Until Marijuana Reclassification Completed

The U.S. Internal Revenue Service (IRS) intends to continue seeking tax payments from cannabis businesses that have taken deductions in anticipation of possible federal changes, according to an attorney with the agency. Even if marijuana is rescheduled federally, the IRS could theoretically seize assets from marijuana companies that fail to meet their tax obligations. Luke Ortner, IRS senior counsel, spoke about the possible effects of rescheduling marijuana from schedule 1 to 3 under the Controlled Substances Act (CSA) in a recent discussion at the American Institute of Certified Public Accountants (AICPA) marijuana conference in Denver. The change, if enacted, would…

TuesdayOct 01, 2024 4:20 pm

420 with CNW — Delaware, Ohio Temporarily Ban Adult-Use Marijuana Businesses

Delaware, Ohio, has put a temporary pause on recreational cannabis businesses operating within its city limits; the city council voted 5 to 2 to enforce a six-month moratorium. This decision halts recreational marijuana businesses from opening in the city, giving officials time to consider how to best regulate them. The move follows the approval of Ohio’s Issue 2, which legalized recreational marijuana in November 2023. The ban applies strictly to businesses and does not affect residents using cannabis in their homes. Although the council has the authority to lift the moratorium before the six-month deadline, opinions on the matter varied.…

MondaySep 30, 2024 4:20 pm

420 with CNW — AMA Study Finds Working Memory, Other Brain Processes Unaffected by Cannabis Use

A recent federally funded study published in the “Journal of the American Medical Association (JAMA) Network Open” has revealed that cognitive functions such as inhibitory control, reward response and working memory do not change significantly after a year of cannabis use. The study refutes the long-held notion that marijuana use impairs memory and brain function. It involved adults who typically used cannabis for issues such as depression, anxiety, pain or sleep problems. The research team conducted the study on 57 patients who had recently received medical cannabis certification in the Boston area. Brain activity was monitored using functional magnetic resonance…

FridaySep 27, 2024 4:20 pm

420 with CNW — FIVE Ways to Keep Finances Healthy in Marijuana Industry

Marijuana leaders need to use sound financial techniques when operating in the cannabis sector. Given the complexities of the space, companies must devise strategies such as establishing relationships with field experts and looking for fresh revenue streams to differentiate themselves and remain competitive. Here are five crucial financial pointers for marijuana company owners: Focus on increasing cash flow Maintaining a healthy cash flow is essential for any marijuana company. This entails keeping a careful eye on earnings and outlays in addition to monitoring key performance indicators such as yield per square foot for growers or average sales per customer for…

ThursdaySep 26, 2024 4:20 pm

420 with CNW — Washington State Marijuana Industry Readies for Change as Feds Mull Reclassification

Cannabis industry leaders in Washington State are contemplating the implications of reclassification for researchers and local customers. President Joe Biden disclosed in May that the U.S. Department of Justice (DoJ) was considering a substantial change to the classification of cannabis. The U.S. Drug Enforcement Administration (DEA) currently classifies marijuana as a schedule I substance, classing it with methamphetamine and heroin. This classification suggests that there is little to no medicinal benefit to marijuana. The Biden administration’s proposal suggests moving marijuana to a less severe schedule 3 status, indicating a lower potential for abuse or addiction. Dr. Susan Ferguson, director of…