420 with CNW Archives - Page 70 of 268

ThursdayOct 13, 2022 4:20 pm

420 with CNW — Biden Health Secretary Tasked FDA to Move Quickly on Cannabis’ Scheduling Review

Xavier Becerra, the U.S. Health & Human Services Secretary, revealed during a Meet & Greet event in Tampa, Florida, that his agency is prepared to move quickly to implement the review of marijuana’s status as a Schedule 1 drug. This comes after President Joe Biden issued a directive ordering that the scheduling of marijuana in the Controlled Substances Act be reviewed. Speaking to reporters, the health secretary asserted that the nation will see the speed with which the review will be conducted. However, Becerra was quick to add that at the end of the day, science would be the deciding…

ThursdayOct 13, 2022 4:20 am

420 with CNW — DEA Admits It Was Founded Based on Ethnic, Class and Racial Prejudice

These days, most pundits agree that the war on drugs is a failure. After decades of prohibition, the drug war has barely dented the illicit drug trade but contributed to the incarceration of thousands of Black people. Under prohibitionist policies, law enforcement waged a war on Black and Brown communities for decades in what some called the new Jim Crow. Black people were and still are four times more likely to be arrested for cannabis consumption despite similar use rates as White people, and they are subject to harsher sentences. Analysis of the cannabis-related arrests that occurred in the five…

WednesdayOct 12, 2022 4:20 pm

420 with CNW — FBI Arrest Data on Cannabis Full of Inconsistencies Despite Improvements Made to Reporting System

The Federal Bureau of Investigation has spent millions of tax dollars and the last seven years updating its reporting system for crime statistics. The use of the agency’s National Incident-Based Reporting System was meant to offer clear and nationally representative data on crime trends in the country. However, the new data doesn’t give complete information, especially concerning drug arrests across America during the past year. If anything, the end result for last year’s data raises questions for individuals tracking trends on drug enforcement, which include cannabis-related arrests. The FBI’s fragmented data on the criminalization of drugs still shows that marijuana…

WednesdayOct 12, 2022 4:20 am

420 with CNW — An Analysis of Current Marijuana Users within the US

Cannabis has been one of the most-used drugs in the United States and the world at large for decades. Despite being prohibited until the early 2000s, cannabis had enjoyed top status as an extremely popular drug amid extremely strict policing and harsh sentencing. Now that dozens of U.S. states and territories have launched legal cannabis markets, access to cannabis among Americans has increased exponentially. These days, cannabis is consumed in demographics that you would never even think of just a decade or two ago. While there’s a significant chance the person standing next to you at a concert is high,…

TuesdayOct 11, 2022 4:20 pm

420 with CNW — Despite Regulatory Lacuna, CBD Foods and Drinks Are Growing in Popularity

Cannabidiol (CBD) is a chemical compound largely produced by hemp, a plant from the cannabis family. However, unlike the marijuana plant, hemp is not intoxicating because it usually contains little to no levels of the psychotropic compound delta-9 tetrahydrocannabinol (THC). CBD’s main claim to fame is that it is said to have potent medical properties. Initial studies have found that the compound may be able to alleviate chronic pain, anxiety and insomnia, among other things. Cannabidiol has grown exceedingly popular in recent years due to its purported medical benefits coupled with the fact that it can be consumed in a…

TuesdayOct 11, 2022 4:20 am

420 with CNW — Most Americans Don’t Believe Propaganda About Marijuana’s Purported Dangers

For the millions of Americans who grew up under the prohibitionist era, cannabis was presented as a dangerous gateway drug that significantly contributed to drug abuse and criminal activity. Anti-cannabis propaganda was rife during this period, with prohibitionists assigning a wide range of negative effects to cannabis use despite the fact that there was barely any scientific research into the matter. Decades later, tens of millions of Americans now have access to the drug through state-legal markets. Attitudes toward the drug have changed over the past two decades, especially among younger generations, and more people believe that cannabis has more…

MondayOct 10, 2022 4:20 pm

420 with CNW — Bill on Illicit Cannabis Grows, Banned Pesticides Filed in Congress

Illicit cannabis operators have raked in big bucks over the past couple of decades despite strict prohibitionist laws. By 2019, the illicit market in California, the largest cannabis market in America, was worth an estimated $8.7 billion. Even as more states legalize recreational cannabis use and dozens launch medical cannabis markets, the illicit market has proven to be too tough an opponent to beat. Most of the cannabis sales in America are still underground, funding an illicit billion-dollar industry that significantly contributes to water waste and harms the environment. Black market sales also deny states tax revenue and funnel cash…

MondayOct 10, 2022 4:20 am

420 with CNW — Hurricane Ian Forces Closure of Cannabis Businesses in Florida

Hurricane Ian has left structural damage and destruction in its wake, with more than 100 cannabis businesses in Florida being forced to close. Data from the National Hurricane Center and the Florida Office of Medical Marijuana Use show that over one-half of the medical cannabis stores in the state of Florida are located in the direct path of the potential storm surges and excessive rainfall. Some of the medical cannabis retailers operating in the state have been providing updates on closures via social media as well as through their websites. This includes Liberty Health Sciences, which closed 39 of its…

FridayOct 07, 2022 4:20 pm

420 with CNW — Cannabis M&A Activity Slows Down, Industry Isn’t Worried

Decades after Congress passed prohibitionist policies that outlawed the cultivation, sale and consumption of marijuana, dozens of states now allow their residents to use medical marijuana. America’s medical cannabis market currently has more than 3.5 million registered patients and is projected to be worth $248 billion by 2030. Last year was historic for the medical cannabis market in terms of mergers and acquisitions (M&A), with Viridian Capital Advisors from New York tracking 306 such transactions throughout the year compared to 86 in 2020. Experts and industry insiders predicted that 2022 would be an even greater year for M&A transactions. MJBiz…

FridayOct 07, 2022 4:20 am

420 with CNW — USDA Report Highlights Environmental, Economic Benefits of Hemp as EU Market Grows

In August, the U.S. Department of Agriculture released a report on the hemp industry boom in the European Union. The report recognized that hemp was an important commodity that could aid the European Union in achieving its climate-related objectives. The report also discusses how the cannabis crop has been cultivated and utilized in the region for millennia and how products from the crop are now increasing in popularity, as more nations enact decriminalization reforms. The report states that since the Middle Age, all parts of the hemp plant were consumed in European nations, including its flowers, leaves and seeds as…