420 with CNW Archives - Page 83 of 268

WednesdayJul 06, 2022 4:20 am

420 with CNW — Only Strong Marijuana Firms Will Survive Economic Downturn

The coronavirus pandemic kickstarted a global economic downturn and plunged the world’s economy into the worst recession since World War II. According to the World Bank, most countries should expect their economies to head into a recession, with the global growth rate expected to slow down from 5.7% in 2021 to 2.9% in 2022. This atmosphere will undoubtedly weed out cannabis companies that were only in it for a quick buck as investors become more cautious with their money. In Europe, marijuana-based startups are having trouble raising capital amid growing fears of a looming recession and global stock markets plunge.…

TuesdayJul 05, 2022 4:20 pm

420 with CNW — Illinois Disburses $45 Million from Cannabis Taxes to Repair Drug War Harms

Early this year, the Illinois Department of Revenue estimated that in the two years since it first launched its recreational cannabis market, Illinois had collected more than $500 million in cannabis taxes. Now the state is planning on using some of those funds to repair the societal harms caused by the failed war on drugs and decades of prohibition. Illinois officials recently announced that they would be awarding $45 million in grants to reinvest in communities that had been hit the hardest by the drug war. Money generated from taxing the sale of recreational marijuana in the state would be…

TuesdayJul 05, 2022 4:20 am

420 with CNW — Trial Suggests Marijuana Could Replace Opioids in Pain Management

As more states have opted to end cannabis prohibition and launch legal cannabis markets, there has been a growing body of literature indicating that the controversial plant can be effective against a variety of medical issues. Several studies have found that marijuana can be used to treat chronic pain, and plenty of people are already using the controversial plant as an alternative to pharmaceutical pain medications. Now researchers currently working on a clinical trial to see whether cannabis can be used as an alternative to opioids in pain management have revealed that the pilot phase had “very promising” results. Run…

FridayJul 01, 2022 4:20 pm

420 with CNW — American Medical Association Approves Measure on Expungement of Cannabis Records

Millions of Americans across the country with cannabis-related offenses on their records may soon have the offenses expunged after the largest professional association of physicians in the United States passed a resolution in favor of expunging marijuana-related offenses. Last week, the American Medical Association (AMA) announced that it had passed a measure that would require states that have either decriminalized or legalized cannabis to expunge marijuana-related arrests and convictions that are now considered legal. The association made this announcement at its annual House Delegates meeting in Chicago, stating that it had already formally adopted this change in policy. A statement…

FridayJul 01, 2022 4:20 am

420 with CNW — New Congressional Measure Will Enable Cannabis Companies to List on Stock Exchanges

A pair of congressmen has introduced a bipartisan bill that seeks to allow cannabis companies to be listed on national stock exchanges. The bill would also grant the industry access to crucial financial services like banking, solving an issue that has plagued the industry since its inception. Rep. Guy Reschenthaler and Rep. Troy Carter are the cosponsors of the Capital Lending and Investment for Marijuana Businesses (CLIMB) Act. Filed last week, the legislation seeks to allow cannabis and ancillary businesses to access financial services such as checking accounts, cashless payments and loans, something federal law prohibits by threatening action against…

ThursdayJun 30, 2022 4:20 pm

420 with CNW — House Panel Asks Military to Reconsider Cannabis Penalties for Soldiers

Federal law prohibits American servicemembers from consuming cannabis. A 2018 notice declares that although dozens of states have legalized cannabis for medical or recreational purposes, federal law restricts military members from using cannabis, CBD (cannabidiol), any cannabinoid derivatives and THC-infused products. The notice also states that the ingestion of hemp and hemp-seed derivatives was prohibited because they could contain trace amounts of THC. This is despite the fact that studies have shown cannabis can be efficient in alleviating conditions such as, depression, chronic pain, insomnia and post-traumatic stress disorder (PTSD), which are common among military veterans. A key House panel…

ThursdayJun 30, 2022 4:20 am

420 with CNW — Congressional Leaders Seek to Give Indian Tribes Cannabis Protections

Several congressional leaders are looking to include language that would protect Native American tribes from being penalized by the federal government for legalizing cannabis within their territories in a variety of funding bills. In 2014, the federal government stated that tribes were allowed to grow and sell cannabis as long as they followed the same federal guidelines set for states that had legalized cannabis. The lawmakers now want it codified into law that the federal government cannot persecute Indian tribes that legalize cannabis within their territories. More specifically, the new cannabis provision would forbid federal funds appropriated to agencies within…

WednesdayJun 29, 2022 4:20 pm

420 with CNW — Vehicle Insurance Data Suggests Medical Cannabis Legalization Reduces Drunk Driving

A new study has revealed that contrary to what many prohibitionists feared, medical cannabis legalization in the country has not led to an uptick in rates of intoxicated driving. In fact, the research has found that states with medical marijuana programs have seen a reduction in drunk-driving rates, adding to the growing body of research showing that there is a link between cannabis reform and a reduced risk of drunk driving. Published in the latest issue of the journal “Health Economics,” the study analyzed auto insurance premium data from 2014 to 2019. Researchers discovered that premiums in states with legal…

WednesdayJun 29, 2022 4:20 am

420 with CNW — Congressmen Plead for Support for Medical Cannabis Bill for Veterans

A duo of bipartisan congressmen is seeking support for an upcoming bill that would increase military veterans' access to medical cannabis. Although studies have found that medical cannabis can be effective at helping veterans deal with chronic pain, insomnia, anxiety, depression and even post-traumatic stress disorder (PTSD), federal policy makes it extremely difficult for veterans to access legal cannabis. Democratic Rep. Earl Blumenauer and Republican Rep. Brian Mast are hoping to change this through their Veterans Equal Access Act. The bill would grant healthcare practitioners at the U.S. Department of Veterans’ Affairs (VA) permission to recommend medical cannabis to patients…

TuesdayJun 28, 2022 4:20 pm

420 with CNW — Do Cryptos, Blockchain Have Potential for Use in the Marijuana Industry?

You wouldn’t think marijuana has any connection to cryptocurrency and the complex blockchain technology that authenticates and records transactions. The former is a psychoactive plant that has been associated with racial injustices for decades and is now touted for its medical potential while the latter is an online decentralized currency that has taken the world by storm in recent years. However, a deeper look reveals ways in which the two emerging industries are compatible. Since federal law still considers cannabis to be a Schedule I drug, cannabis industry actors have a hard time accessing basic financial services. Most times, they…

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