420 with CNW Archives - Page 48 of 315

FridayApr 26, 2024 10:00 am

A Decade Later, Colorado Voter Support for Cannabis Legalization Keeps Growing

New surveys show that more than 10 years after voters in Colorado passed a ballot initiative making it the first state in America to legalize adult-use cannabis sales, voters don’t regret their decision. Results from one poll conducted by the Colorado Polling Institute show that about 67% of registered voters saw the reform as a positive change for Colorado. This poll’s results were published in March. A separate poll carried out by Public Policy Polling (PPP) between April 8–9, 2024, determined that more than 71% of voters in the state thought marijuana needed to be legal and regulated in a…

ThursdayApr 25, 2024 4:20 pm

420 with CNW — Study Enumerates Therapeutic Effects, Quality of Life Benefits of Medical Cannabis

A recent publication in the “Medical Cannabis and Cannabinoids Journal,” authored by LECOM in collaboration with AYR Wellness (AYR), delves into the effects of medically approved cannabis on patients’ mental, social and physical well-being. The study showed that patients experienced notable enhancements across these domains, including increased energy levels, within the initial 30 days of treatment with medical cannabis. This study is the partnership’s first publication; four further studies examining the medical benefits of cannabis are in the works. The 90-day cohort study involved 103 adults (18 years of age and older) and was designed to evaluate the effects of…

WednesdayApr 24, 2024 4:20 pm

420 with CNW — Cannabis Taxes Are Underperforming Expectations in Several States

Approximately one-half of the U.S. population resides in states where recreational cannabis is legally accessible. Furthermore, 11 additional states, including Florida and Wisconsin, are contemplating legalization this year. One of the primary arguments for the legalization of cannabis is the potential for increased state tax income. However, the amount of revenue generated depends on the regulatory decisions made by each state regarding the cannabis industry and the method of taxation employed. Taxes on recreational cannabis typically revolve around factors such as potency, price, weight and quantity, similar to the taxation of other “sin products” such as alcohol and tobacco. Taxation…

TuesdayApr 23, 2024 4:20 pm

420 with CNW — California Authorities Seize Illicit Cannabis Worth $53M

California authorities recently conducted a comprehensive operation aimed at dismantling illegal marijuana operations across the state, seizing more than $53 million worth of illicit cannabis between Jan. 1, 2024, and March 31, 2024. The crackdown spearheaded by the state’s governor’s office targeted search warrants in various counties, including eight in Orange, one in San Joaquin, two in Riverside, one in Los Angeles, two in Alameda, five in Kern and one in Fresno. During the operation, law enforcement confiscated $53,620,600 worth of illegal marijuana along with 31,866 pounds of unlicensed product and 11 firearms. Additionally, approximately 54,137 unlicensed marijuana plants were…

MondayApr 22, 2024 4:20 pm

420 with CNW — FDA Boss Says DEA Doesn’t Have Reason to Delay Cannabis Rescheduling

U.S. Food and Drug Administration (FDA) director Robert Califf noted before a House committee on April 11, 2024, that there is no justification for the U.S. Drug Enforcement Administration (DEA) to postpone making the much-anticipated decision to move cannabis from Schedule I to III of the Controlled Substances Act (CSA). However, Califf suggested that the DEA might treat recreational cannabis differently from medical cannabis, a move that could significantly impact the American marijuana industry. Analysts have speculated on the implications of such a potential distinction, noting that it might result in tax advantages for medical cannabis enterprises over recreational ones.…

FridayApr 19, 2024 4:20 pm

420 with CNW — Report Shows the US Cannabis Industry Now Employs 440,000 Full-Time

A recent yearly report on marijuana sector employment in the United States reveals a nearly 5% increase in full-time cannabis jobs over the past year, marking a turnaround from the approximately 2% decline compared to 2022. Despite this increase, it represents the smallest annual growth since 2017. According to the report by Vangst, a Colorado-based cannabis staffing company, and Whitney Economics, an analytics company, legal marijuana in the United States now supports more than 440,000 full-time workers. However, the report highlights that job growth was not evenly distributed across the country. In states such as Michigan where cannabis sales have…

ThursdayApr 18, 2024 4:20 pm

420 with CNW — Why the UK Needs to Consider Decriminalizing Cannabis As Germany Just Did

Germany recently passed a new law that decriminalizes marijuana possession and cultivation for personal use, permitting individuals over the age of 18 to possess up to 25 grams of marijuana and cultivate up to three plants for personal use. Beginning in July 2024, German citizens can also join cannabis grower’s associations or not-for-profit social clubs that focus on the collective cultivation of cannabis for members’ benefit. In contrast to Germany’s progressive stance, the UK government maintains its support for cannabis prohibition, which sets it apart from several nations, including certain U.S. states, Canada and Malta. One of the primary arguments…

WednesdayApr 17, 2024 4:20 pm

420 with CNW — Marijuana Biopharmaceutical Company Takes DEA to Court for Hindering its Cultivation Plans

In a fresh lawsuit brought against the U.S. Department of Justice (DOJ) and the U.S. Drug Enforcement Administration (DEA), MMJ BioPharma Cultivation, a marijuana company based in Rhode Island, is seeking to halt an administrative law judge’s review of its application to produce cannabis for research. The lawsuit contends that DEA director Anne Milgram unlawfully appointed administrative law Judge Teresa Wallbaum. The company argues that this action violates the constitutionality of the process and the decision-maker involved, as well as lacks accountability to the president. The lawsuit names DEA Administrator Anne Milgram, DEA Administrative Law Judge Teresa Wallbaum, the DOJ…

TuesdayApr 16, 2024 4:20 pm

420 with CNW — With More MSOs Joining Recreational Marijuana Campaign in Florida, Funding Now Exceeds $55 Million

Florida is witnessing a surge in momentum as it gears up for what is anticipated to be the costliest recreational cannabis legalization campaign in American history. Led by Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), based in Tallahassee, the campaign is attracting support from six other multistate cannabis operators (MOS), marking a significant expansion in the effort to transition Florida’s thriving $2 billion medical cannabis market, currently the largest in the nation, into one that caters to recreational use too. The latest supporters joining forces with Trulieve include prominent players in the cannabis industry such as Ayr Wellness, Cresco Labs,…

MondayApr 15, 2024 4:20 pm

420 with CNW — DOJ Court Filing Asserts That Cannabis Supports Tourism Industry

The U.S. Department of Justice (DOJ) is once again urging a federal court to reject a lawsuit filed by prominent cannabis companies aiming to halt the enforcement of federal laws against marijuana activities permitted by states. According to the government, the legalization of cannabis encourages tourism across state lines, giving it the constitutional authority to intervene. In its recent submission to the United States District Court of Massachusetts, the DOJ disapproved assertions made by marijuana businesses, refuting the notion that federal policies contradict enforcement practices. It further contended that the plaintiffs lacked standing to file the complaint. According to the…