420 with CNW Archives - Page 49 of 307

WednesdayJan 10, 2024 4:20 am

420 with CNW — Five Predictions for the Marijuana Industry in 2024

In anticipation of the U. S. Drug Enforcement Administration’s (DEA) upcoming decision on marijuana rescheduling, the cannabis industry braces for what could be the most significant change in U.S. marijuana policy in half a century. The potential rescheduling carries the promise of tax reform, specifically the elimination of Section 280E from the federal tax code. The section has been a financial burden on state-legal marijuana retailers and has repercussions throughout the supply chain. As we look ahead, here are five predictions for the cannabis industry in the coming year: Rescheduling marijuana and eventual tax relief The DEA is likely to…

TuesdayJan 09, 2024 4:20 pm

420 with CNW — Lawmakers in Wisconsin Introduce Bill to Decriminalize Marijuana

Wisconsin may be the latest state to pass cannabis reform measures after a bipartisan group of lawmakers formally introduced a proposal to decriminalize cannabis possession in late December. First previewed in early December, the noncommercial and relatively limited reform may garner enough support to advance past Wisconsin’s GOP-controlled legislature. The marijuana decriminalization measure was introduced by Representatives David Considine, Sylvia Ortiz-Velez and Shae Sortwell alongside Senator Lena Taylor. Assembly Bill 861 would remove criminal penalties such as jail time for cannabis-related offenses, such as simple possession of up to 14 grams of marijuana, and replace criminal charges for cannabis offenses…

TuesdayJan 09, 2024 4:20 am

420 with CNW — Federal Lawsuit Challenges Cannabis Advertising Ban in Mississippi

Clarence Cocroft, the owner of Tru Source, a medical marijuana dispensary in Olive Branch, Mississippi, is contending that the ban on medical marijuana advertising in Mississippi is hindering his dispensary’s ability to attract customers. He claims that this prohibition infringes upon his freedom of speech, a claim central to the federal suit filed on Nov. 14, 2023. The lawsuit targets the regulatory authorities overseeing these restrictions, including the state’s health department, the revenue department, and the state’s bureau of alcohol and beverage control. While medical cannabis is now legal in Mississippi for persons with qualifying conditions and a medical marijuana…

MondayJan 08, 2024 4:20 pm

420 with CNW — Johns Hopkins Team to Track 10,000 Medical Cannabis Users in Federally Funded Research

Researchers at Johns Hopkins University will be studying the effects of marijuana therapy by closely monitoring 10,000 medical cannabis patients over a five-year period. The study, backed by a generous $10 million grant from the National Institute on Drug Abuse (NIDA), is a collaborative effort with federal researchers and the nonprofit Realm of Caring. Together, the researchers will amass comprehensive data encompassing delivery methods, product chemical composition, dosage, potential medication interactions and other intricate facets of treatment. Ryan Vandrey, cocreator of the study and a professor at the Johns Hopkins University School of Medicine, expressed the research team’s objective to…

MondayJan 08, 2024 4:20 am

420 with CNW — Arizona Uses Cannabis Taxes to Give 18 Nonprofits Justice Reinvestment Grants

Arizona state officials recently announced that Arizona has started awarding the first round of justice reinvestment grants to nearly 20 nonprofits across the state. The state’s cannabis law, Proposition 207, created the grant program to support efforts such as substance-use prevention and treatment, public and behavioral health, mentorship programs and workforce development in economically disenfranchised regions. Using funds drawn from cannabis taxes, the program would also support efforts to address the root causes of crime, reduce Arizona’s prison population, expunge certain cannabis-related criminal records and restore civil rights. As per Proposition 207, the program receives 35% of Arizona’s Justice Reinvestment…

FridayJan 05, 2024 4:20 pm

420 with CNW — Top Congressional, Federal Cannabis Policy Developments in 2023

The year 2023 witnessed a range of notable federal developments on the cannabis landscape. Among these were significant milestones such as the Biden administration’s proposal to reschedule cannabis, an expansion of pardons for federal cannabis possession offenses and setbacks in the congressional journey toward marijuana banking reform. As Congress takes a recess for the holiday season, stakeholders and advocates are reflecting on the highs and lows of the past year, intending to advance their efforts in 2024. A pivotal moment in 2023 was the U.S. Department of Health & Human Sciences recommending the reclassification of cannabis from Schedule I to…

FridayJan 05, 2024 4:20 am

420 with CNW — Canadian Research Shows High Schoolers Admit Accessing Cannabis Is Harder Post-Legalization

A Canadian study involving high schoolers has found that cannabis legalization made it harder for minors to access the controversial plant. According to the newly published study, the portion of students who said they had easy access to marijuana has fallen recently. This period of reduced minor access to cannabis also coincides with the Canadian government legalizing marijuana consumption for eligible adults and authorizing cannabis retail outlets across Canada. The study contradicts cannabis legalization opponents who claimed that removing criminal penalties for possessing and consuming cannabis would make it significantly easier for youth and young children to access cannabis. Researchers…

ThursdayJan 04, 2024 4:20 pm

420 with CNW — California AG Says Interstate Marijuana Trade Would Attract Federal Enforcement

A recent letter from the California attorney general to state cannabis regulators has pretty much killed any hope of developing the interstate cannabis trade. Attorney General Rob Bonta sent a letter to the California Department of Cannabis Control (DCC) stating that businesses between licensed cannabis businesses in California and out-of-state entities could lead to “significant legal risk to the State of California,” as per the nation’s federal Controlled Substances Act. Although the controversial plant is legal in dozens of states for either recreational or medical consumption, federal law still classifies the substance as a Schedule I drug with no medical…

ThursdayJan 04, 2024 4:20 am

420 with CNW — Biden Issues Proclamation Pardoning All with Minor Cannabis Convictions

President Joe Biden recently issued a proclamation extending full and unconditional pardons to individuals previously convicted in the United States for the use or possession of cannabis. Simultaneously, he exercised executive authority to commute the sentences of 11 individuals serving excessively long terms for nonviolent drug offenses. These offenses included possession with the intent to distribute small quantities of methamphetamine (meth) and cocaine. In a released statement, President Biden emphasized the imperative of ensuring equal justice under the law. He underscored the consensus among elected officials from both political spectrums, faith leaders, civil rights advocates and law enforcement figures. The…

WednesdayJan 03, 2024 4:20 pm

420 with CNW — NORML Analysis Reveals 32,000 Studies on Cannabis Have Been Published in Past 10 Years

Over the past decade, researchers have contributed to the scientific discourse on cannabis through the publication of more than 32,000 papers, with 4,000 emerging in 2023 alone, according to NORML’s analysis. The comprehensive exploration challenges critics who state that marijuana lacks the necessary scrutiny to justify legalization. NORML’s data relies on keyword searches within the National Library of Medicine—PubMed.gov. This year marks the third consecutive occasion where the volume of marijuana-related papers surpassed 4,000, underscoring a sustained interest in understanding both the benefits and risks amid the ongoing legalization. Paul Armentano, NORML deputy director, highlighted the exponential growth in scientists’…