420 with CNW Archives - Page 78 of 305

FridayMay 19, 2023 4:20 am

420 with CNW — Groups Urge Leaders to Expedite Passing Cannabis Banking Legislation

All 50 states' banking associations, as well as several financial, union and insurance organizations, are urging the Senate committee to enact a cannabis banking bill as soon as feasible. Several state and national organizations wrote to the Senate Banking Committee's leadership, urging prompt action on the SAFE Banking Act. Among those voicing support for the act are the American Bankers Association (ABA), the Electronic Transactions Association (ETA), the Independent Community Bankers of America (ICBA), a coalition of trade associations representing the insurance industry and the International Brotherhood of Teamsters. Separately, the national ABA wrote to Congressional leadership urging prompt adoption…

ThursdayMay 18, 2023 4:20 pm

420 with CNW — New Hampshire Governor Voices Support for Cannabis Legalization After Senate Rejects Bill

Governor Chris Sununu of New Hampshire recently announced support for a resolution to enact marijuana legalization via a system of stores run by the state. What happens next remains uncertain, as a bill that would have established a state-run market, which had been approved by the House during the previous session, was rejected by the Senate. The Senate defeated the measure in a vote of 14 to 10. However, now that the governor has voiced his support, there may be a renewed push to advance a state-run resolution. In his statement, Governor Sununu stated that public opinion and regional dynamics…

ThursdayMay 18, 2023 4:20 am

420 with CNW — How Governments’ Greed for Taxes Is Frustrating Legal Cannabis Sales

The question of whether individuals should be allowed to use drugs recreationally, particularly marijuana, has long been up for discussion. Advocates claimed that legalizing these drugs would reduce their availability on the black market. Prices would decrease, and gangs and organized crime, which have long benefited from the movement and sale of illicit substances, would decline. However, this has not changed anything. Cannabis still retains the same legal status under federal law. According to the DEA, marijuana is still classified as a Schedule I restricted drug because there is no federally acknowledged medicinal use for it in the United States.…

WednesdayMay 17, 2023 4:20 pm

420 with CNW — How New York Cannabis Companies Are Getting Creative to Lure Customers

The new legal market for marijuana in New York is growing, and with this comes an increase in demand. To help keep up, businesses in the state are finding new ways to turn marijuana into a range of products, including edibles such as chocolates and gummies. Smokiez’ National training manager Maddi Burch stated that edibles had become more popular as they appeal to those who didn’t smoke. The demand for gummies at dispensaries in the state is particularly high, which has led many businesses to boost production. For marijuana to be turned to edibles, it must undergo an extraction process.…

WednesdayMay 17, 2023 4:20 am

420 with CNW — Missouri’s Adult-Use Market Thriving Three Months After Launch

Missouri launched recreational cannabis sales earlier in February, following approval of Amendment 3 in November 2022. This, according to a report by Brightfield Group, is the second fastest turnaround in the United States, only two weeks behind the record set by Arizona. Thus far, Missouri has raked in $350 million in sales for both medical and recreational cannabis, according to data released by the Missouri Department of Health and Senior Services. Last month, the state brought in $91 million in recreational cannabis sales. This is on par with the $93.5 million in revenue generated in March and an increase from…

TuesdayMay 16, 2023 4:20 pm

420 with CNW — Illicit Marijuana Worsens Water Crisis in California

The illegal cannabis trade in California is so tenaciously entrenched that it not only undercuts the legal market but is also responsible for some of the most flagrant water theft in the whole world. The estimated $8 billion illegal marijuana sector uses astonishing amounts of the scarce resource, despite the state legalizing recreational marijuana in 2016. It has been reported that some individuals haul in stolen water, while others steal it from fire hydrants or dig unauthorized wells. The issue has been made worse by years of intermittent drought in the state. John Nores, the former head of the California…

MondayMay 15, 2023 4:20 pm

420 with CNW — Thai Cannabis Companies Say US-Grown Marijuana Is Threatening Their Businesses

Almost a year after the decriminalization of marijuana amid hopes of a boom in the economy, Thai cannabis cultivators and sellers allege that illegal imports from the United States that sell for a much lower price than the country's buds are affecting their businesses. Thailand delisted marijuana from its list of prohibited substances in June of last year. This came about as a result of a significant effort by Anutin Charnvirakul, the health minister, to position the nation as a global powerhouse for medical marijuana. However, the long-awaited marijuana bill has not yet been approved by Thailand's parliament, which has…

MondayMay 15, 2023 4:20 am

420 with CNW — CDC Study Reports Teen Cannabis Use Decreasing as Legalization Spreads

Recent federal data reveals that rates of marijuana usage among high school students have decreased even as more states legalize the drug. The Youth Risk Behavior Survey (YRBS) from the Centers for Disease Control and Prevention (CDC), which was released last week, indicated that teen usage of all substances tracked, including alcohol, prescription drugs and marijuana, has fallen linearly over the past 10 years. The federal analysis reveals that marijuana use among high school kids was high between 2009 and 2013 — before legal cannabis outlets began to open — but it has since been generally declining. Voters passed the…

FridayMay 12, 2023 4:20 pm

420 with CNW — Labor Peace Agreements May Be Good for the Marijuana Industry

Marijuana companies operate in rapidly changing and highly competitive environments, which means that labor disputes can considerably impact their business operations, leading to reputational damage, losses in revenue and even sanctions. Labor peace agreements are agreements between bona fide labor organizations and a commercial marijuana licensee or license applicant. These agreements start a labor peace period where the employer agrees to not take part in actions that may undermine the ability of the union to organize the workforce while unions agree to not picket, strike or disrupt business operations in any other way. The agreements also help promote long-term sustainability,…

FridayMay 12, 2023 4:20 am

420 with CNW — New Bipartisan Bill to Seal Federal Cannabis Records Automatically

Bipartisan congressional legislators have reintroduced a measure mandating the automatic sealing of records for nonviolent federal cannabis convictions. The bill would also offer relief to individuals who’d been arrested for other offenses that didn’t end in conviction. Representatives Nancy Mace and Lisa Blunt Rochester filed the Clean Slate Act last week. The previous version of the bill was advanced through the House Judiciary Committee in 2022 but was never voted on. In a press release, Blunt Rochester stated that the Clean Slate Act was one of her top priorities, highlighting the importance of giving those who had paid their debt…