420 with CNW Archives - Page 49 of 314

TuesdayMar 26, 2024 4:20 pm

420 with CNW — Las Vegas Consumption Lounges Usher in New Era for Cannabis Industry

The much-anticipated introduction of cannabis consumption lounges in Las Vegas has finally materialized, with almost 20 establishments reportedly nearing completion, according to regulators. Thrive Cannabis Marketplace opened its first licensed lounge next to its store, just off the renowned Las Vegas Strip, while Smoke and Mirrors Cannabis Lounge opened for business later, having passed the last site inspection by Nevada’s Cannabis Compliance Board (CCB). For Reset, a marijuana hospitality company with offices in Las Vegas that offered advice to Thrive, the trip took around seven years, according to managing partner Chris LaPorte. The schedule was further extended by bureaucratic procedures,…

MondayMar 25, 2024 4:20 pm

420 with CNW — VP’s Comments on Marijuana Suggest Campaign Shift on Legalization

Vice President Kamala Harris, speaking at the White House to a group of individuals who received pardons related to marijuana offenses, expressed her support for the legalization of cannabis, marking a potential change in the administration’s stance as the November elections approach. An attendee at the meeting disclosed Harris’s statement, which came after her public call for the DEA to expedite the rescheduling of marijuana. Harris, who had previously advocated for cannabis legalization as a senator and during her 2020 presidential campaign, has not publicly championed the cause since joining President Joe Biden’s ticket. Throughout the campaign and her tenure…

FridayMar 22, 2024 4:20 pm

420 with CNW — Massachusetts Governor Announces Plan to Pardon Low-Level Cannabis Convicts

Governor Maura Healey of Massachusetts has revealed plans to pardon all individuals with simple cannabis possession charges in the state. It is expected that the move will impact a significant number of people. During a recent press conference, Healey stressed the importance of the announcement, noting that it is among the largest marijuana pardons that a U.S. governor has ever declared. She stated, “We’re doing this simply because justice demands it.” Although exact numbers on how many people are impacted by the pardon are unknown, Healey hypothesized that the number may potentially reach hundreds of thousands throughout the state of…

TuesdayMar 19, 2024 4:20 pm

420 with CNW — New Study Suggests Cannabis Handouts Could Curb Drug Overdose Fatalities

A new study published in the “Journal of Harm Reduction” proposes that distributing free marijuana through harm-reduction groups could significantly decrease drug overdose fatalities and enhance the well-being of users. The study, focusing on a cannabis donation initiative in rural Michigan, marks the pioneering documentation of the harm-reduction approach in the United States, suggesting its potential sustainability contingent upon state regulations. While acknowledging existing obstacles in marijuana distribution and regulation policies, study authors emphasize the perceived advantages recognized by harm-reduction practitioners. Those advantages include reduced premature mortality, enhanced life quality, pain alleviation, better recovery prospects and heightened safety for both…

MondayMar 18, 2024 4:20 pm

420 with CNW — How Cannabis Firms Can Prepare Themselves for Future After Rescheduling

In 2015, shortly after Colorado initiated recreational cannabis sales, marijuana operators faced a significant lesson regarding the strictness surrounding the term “organic” from state and federal authorities. Most operators had to change their business names to exclude the term. The U.S. Agriculture Department is in charge of the organic label and has accredited third-party organizations to certify farmers and their farming methods. Federal prohibition kept marijuana from receiving official organic certification at the time, and it continues to do so despite developments in licensed cannabis operations. Even so, there is a clear trend in the prevalence of cannabinoids such as…

MondayMar 18, 2024 11:00 am

Study Says More Teens Are Using Delta-8 THC Products

A new study has found that more than 11% of seniors in high school are using delta-8 THC. Delta-8 THC is one of the many compounds found in the cannabis sativa plant, of which hemp and marijuana are common varieties. This compound isn’t found in high quantities in the cannabis plant and is said to have weaker psychoactive effects in comparison to delta-9 THC. To get concentrated amounts, delta-8 THC has to be manufactured from CBD derived from hemp. It is important to note that delta-8 THC has not been approved for use and neither is it legal. Despite this,…

FridayMar 15, 2024 4:20 pm

420 with CNW — Missouri Announces Date for Submission of Additional Cannabis Microbusiness Applications

The Missouri Department of Health and Senior Services (DHSS) is set to begin receiving the next wave of applications for microbusiness licenses electronically, using its online registry platform. The application window is slated to open from April 15 to April 29, 2024, with licensing expected to be finalized by July. Last year, the department granted 48 licenses for microbusiness establishments, marking the conclusion of the initial phase in a series of three rounds for the allocation of such licenses. Microbusinesses refer to licenses for cannabis facilities exclusively available to qualifying individuals and entities and are aimed at facilitating the involvement…

ThursdayMar 14, 2024 4:20 pm

420 with CNW — Research Finds 7 in 10 Americans Live in States with Legal Cannabis

Despite federal prohibition, cannabis has gained legal status across many of the states in the United States, whether for recreational or medical use. According to recent research from the Pew Research Center, a majority of Americans, approximately 74%, now reside in states where cannabis is permissible in some form. Among these, about 54% live in states where recreational use is allowed. Currently, a significant portion of states — 24, along with the District of Columbia — have given the green light to recreational cannabis. Furthermore, 14 states have legalized cannabis solely for medical applications, while the rest, totaling 12 states,…

WednesdayMar 13, 2024 4:20 pm

420 with CNW — Analysis of Differences Between Taxes on Marijuana, Sports Betting

In 2021, Arizona witnessed the legalization of two long-operating but previously illicit industries: sports betting and recreational cannabis. This change brought a surge of tax revenue to the state, with one industry outpacing the other significantly. While sports betting enjoys greater popularity per capita in the state, it contributes only a small percentage of the taxes compared to the marijuana sector. According to 2023 revenue data, the total wagering amount on sportsbooks in the state was almost five times greater than the state’s entire marijuana sales. However, despite this, the tax revenue from cannabis companies was more than eight times…

TuesdayMar 12, 2024 4:20 pm

420 with CNW — 2023 Marijuana Business Licenses Declined in US, Data Firm Says

The number of active cannabis company licenses in the United States saw a substantial dip in 2023, the first decline following years of steady increase, according to a recent CRB Monitor report. According to the data, there was a 4% drop in the number of active marijuana licenses in the U.S. between 2022 and 2023. On the other hand, Canada saw a 2% growth in the quantity of active marijuana business permits over the same period. CRB Monitor is a company based in Nashville, Tennessee, specializing in marijuana intelligence and license monitoring. Since 2019, the combined total of active licenses…

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