420 with CNW Archives - Page 49 of 89

MondayJul 22, 2019 4:20 am

420 with CNW – New Data Reveals Cannabis Legalization Increases Rates of Snacking

New data released by Nielsen shows that people who live in states where marijuana is legal snack more than their counterparts in states with prohibitionist laws. The uptick in the sales of snacks was noticed for sweet and well as salty snacks. This study suggests that legalizing recreational marijuana can create a boom for the confectionary and snack segments of the food and beverage industry in the U.S. While snacks sales saw a modest 6 percent increase in states where marijuana is still prohibited for recreational use, states that tolerate adult-use marijuana registered an increase of 7.2 percent in the…

FridayJul 19, 2019 4:20 pm

420 with CNW – Michigan Names 19 Communities to Benefit from Marijuana Social Equity Program

Michigan has unveiled the details of the communities that will benefit from the marijuana Social Equity Program of the state. The MRA (Marijuana Regulatory Authority) made this announcement while releasing the list of 19 communities and the different ways in which applicants from those communities will benefit. The 19 disadvantaged communities are Detroit, Benton Harbor, East Lansing, Albion, Flint, Ecorse, Hamtramck, Highland Park, Inkster, Kalamazoo, Mt. Pleasant, Mt. Morris, Muskegon Heights, Muskegon, Niles, Pontiac, Saginaw, River Rouge and Ypsilanti. During an exercise that lasted several months, the Marijuana Regulatory Authority put 150 stakeholders in workgroups and solicited input from them…

FridayJul 19, 2019 4:20 am

420 with CNW – Study Finds Legalized Recreational Cannabis a Danger to Alcohol, Not Tobacco

The recent wave of adult-use marijuana legalization across the U.S. has the potential of generating $22 billion in annual sales, but not everyone is thrilled about this development. New research that will soon be published in the Marketing Science journal shows that the alcohol industry is likely to take a hit once marijuana is legalized. The research was done by Pengyuan, an assistant professor at the Terry College of Business (University of Georgia). He worked with Guiyang Xiong from Syracuse University. The duo analyzed online search data taken from one of the leading web portals based in the U.S. In…

ThursdayJul 18, 2019 4:20 pm

420 with CNW – Cannabis Sales Could Soon Surpass Wine Sales, New Data Reveals

If the current trend of cannabis sales during the Fourth of July holiday continue, marijuana could outsell wine as soon as July 4 next year, according to new data collected on different staples during Independence Day celebrations. The week in which this year’s Independence Day fell saw a record $400 million worth of cannabis sold by dispensaries across the country. Statistics show that this figure is 60 percent above the national average of the marijuana sales made during any typical week of the year. The data collected and analyzed by Akerna Corp shows that every single day leading to July…

ThursdayJul 18, 2019 4:20 am

420 with CNW – Can the Pechoti Method Apply to Weed as Well?

Pecho…what? If you are hearing about the Pechoti method for the first time, you aren’t alone, although this mode of administration of alternative remedies isn’t new. It entails putting drops of essential oils on the belly button as a way of treating different conditions, including PMS, nausea and pain. Now some people have been suggesting that one can ingest cannabis oil in this way. But is this even possible? What the Pechoti Method Is As mentioned earlier, the Pechoti method refers to an old Ayurveda treatment method in which essential oils are dropped onto the belly button to combat different…

WednesdayJul 17, 2019 4:20 pm

420 with CNW – Senate Committee Confirms Marijuana Banking Hearing Date

On Monday, we reported that a key senate committee would soon schedule a hearing on marijuana banking. Now the Republican-controlled committee on Banking, Housing and Urban Affairs has revealed that it will hold this hearing on Tuesday next week (July 23). This announcement comes as yet another indicator that marijuana reform is gaining momentum at the highest levels of decision making in the country. The legislation to be discussed is geared at finding a solution to the challenges that marijuana businesses have been having regarding access to banking services. A similar law, which was passed by a Congressional committee, now…

WednesdayJul 17, 2019 4:20 am

420 with CNW – New Jersey Starts Accepting Applications from Additional Marijuana Businesses

On Monday, the Department of Health in New Jersey announced that interested parties could start submitting their applications to grow and sell marijuana. Both nonprofit and for-profit entities are eligible to apply during this round of licensing. Those planning to be growers or sellers of medical marijuana have until August 21 to submit their applications. New Jersey plans to license five additional cultivation facilities as well as 15 medical marijuana dispensaries. 4 licenses will also be granted to “verticals.” These are entities which are vertically integrated (they can cultivate, process and sell marijuana). Entities that apply for the licenses will…

TuesdayJul 16, 2019 4:20 pm

420 with CNW – Marijuana Legalization Results in Fewer Illegal Grows in National Forests, Study Finds

New research shows that as marijuana started being legalized for recreational purposes in different states across the U.S., the reported cases of illicit grow sites within protected lands started falling. The research findings, released in Ecological Economics, specifically point out that illegal grows on national forests saw a major decline in the Pacific Northwest after cannabis legalization started. USDA’s Forest Service analyzed the available data on the illegal marijuana grow sites discovered and reported between 2004 and 2016. This data was in regard to 111 national forests. The researchers considered several factors, such as the retail price of pot, state…

TuesdayJul 16, 2019 4:20 am

420 with CNW – Senate Could Hold Hearings on Cannabis Banking Later this Month

The Senate Banking Committee could schedule hearings on bipartisan legislation on cannabis banking in as little as two weeks. This revelation was made by the chairman of that committee, Mike Crapo (R-ID) as he talked to American Banker. Crapo said that he was looking into the prospect of scheduling a hearing on the matter and added that the hearings will be “relatively soon.” This statement marks a huge change of heart for the senator from Idaho who is on record saying (in April) that he wouldn’t commit his committee to holding sessions on marijuana banking as long as marijuana is…

MondayJul 15, 2019 4:20 pm

420 with CNW – Witnesses and Lawmakers Share Views on Federal Marijuana Policy Reform Strategy

Last week, the Crime, Terrorism and Homeland Security sub-committee of the powerful House Judiciary Committee held a landmark session in which they listened to testimony from a variety of experts on how marijuana prohibition could be brought to an end federally. This hearing was largely focused on evidence, unlike previous Congressional discussions on the matter that largely seemed to be driven by scaremongering. However, there were some disagreements regarding the strategy that should be used to legislate marijuana policy reforms. For example, Rep. Tom McClintock (R-CA) argued that the Democrats were wrongly framing the issue along racial lines and this…