420 with CNW Archives - Page 93 of 309

FridayMar 03, 2023 4:20 am

420 with CNW — Arizona Records $1.4B in Cannabis Sales in 2022

The total marijuana sales in Arizona in 2022 were similar to those in 2021, the first year the drug was legal for adult use, but the routes by which each year's sales reached $1.4 billion were remarkably different. In 2021, medical cannabis sales accounted for $760 million, or nearly 55% of total sales. In 2022, recreational marijuana took the lead, accounting for roughly 70% of total sales, totaling more than $950 million. The medical cannabis market has dropped to just over $500 million. Recreational cannabis sales ended 2022 with its best monthly total in December, totaling about $86.6 million, a…

ThursdayMar 02, 2023 4:20 pm

420 with CNW — California’s Yearly Marijuana Sales Decline for First Time Since Launch of Recreational Market

New data from the California Department of Tax and Fee Administration shows that annual marijuana sales in the state dropped in 2022. This is the first time since the state launched its recreational market five years ago that sales have fallen. Last year, retailers raked in $5.3 billion in taxable sales of medical and recreational cannabis. This is quite a drop, in comparison to the $5.8 billion generated in 2021. Taxable sales in the fourth quarter also declined to $1.3 billion, down by almost 12% from the same period in 2021. Hirsh Jain, Ananda Strategy’s founder, stated that the continued…

ThursdayMar 02, 2023 1:33 pm

420 with CNW — SAMHSA Advisory Warns Users About CBD, Suggests Dispensary-Sourced Products Could Be Safer

The Substance Abuse and Mental Health Services Administration (SAMHSA), a branch of the U.S. Department of Health and Human Services, has released a new advisory warning about the possible side effects, harms, and unknowns of CBD. The federal agency also makes the implication that cannabis dispensaries may sell safer products than gas stations and other stores. The cannabinoid product has been available on store shelves since Congress approved the use of hemp in the 2018 Farm Act, and SAMHSA reports that demand for it is still rising. According to SAMHSA's advisory, a variety of form factors, such as CBD-infused foods,…

ThursdayMar 02, 2023 4:20 am

420 with CNW — Research Finds Cannabis Users Have Lower Blood Pressure

Over the past decade or so, a growing body of research has revealed that cannabis has significant therapeutic potential. Studies have found that cannabis can be effective against a host of medical conditions, including chronic pain, insomnia and anxiety, with none of the side effects typically observed with pharmaceutical use. Even as dozens of American states and overseas territories now allow their residents to purchase and use cannabis for medical purposes, researchers across the world are still trying to understand the plant’s full therapeutic potential. A recent study published in “NatureScientific Reports” journal has provided evidence linking cannabis usage to…

WednesdayMar 01, 2023 4:20 pm

420 with CNW — Connecticut Lawmakers Consider Adding Marijuana DUI to Driving Curriculum

According to a recent bill discussed by the House’s Transportation Committee, Connecticut driver education courses would include information warning against the risks of driving while under the influence of marijuana. House Majority Leader Jason Rojas put forth the bill last month, and it had a public hearing last week. The proposed legislation would mandate that lessons on the risks of driving under the influence be included in private driver instruction courses as well as those provided at high schools and secondary schools. The current law mandates that instruction on driving while impaired by drugs and alcohol be included in driver…

WednesdayMar 01, 2023 4:20 am

420 with CNW — Association Launched to Teach Australian Nurses About Medical Marijuana

Last week saw the launch of the Australian Cannabis Nurses Association (ACNA), a newly formed organization to provide nurses with peer support, education and advocacy regarding medicinal marijuana. Simone O'Brien, a nurse practitioner and licensed medical marijuana practitioner, founded the group alongside Jodie Davis and Deb Ranson. The organization desires that nursing programs at the undergraduate level cover the endocannabinoid system. O'Brien developed an interest in medicinal marijuana after suffering a severe leg injury during a leave from work, which pushed her to research the potential benefits of the medication. Australia legalized medical marijuana seven years ago through the Federal…

TuesdayFeb 28, 2023 4:20 pm

420 with CNW — Study Finds Marijuana Vaping Among Youth Is Higher in Medical-Use States

New research has found that seniors in high school within states where the medical use of marijuana is allowed had a higher likelihood of vaping marijuana, in comparison to seniors within states where the drug’s use is legal for recreational use or is prohibited. Washington State University PhD student Christian Maynard and Professor Jennifer Schwartz of the sociology department at the institution carried out the study. For their research, the investigators conducted an analysis obtained from the Monitoring the Future survey, which was comprised of responses on marijuana consumption from more than 3,700 seniors in high school. Of those students…

TuesdayFeb 28, 2023 4:20 am

420 with CNW — Canadian Industry Groups Want Federal Fees on Marijuana Reduced to Relieve Operator Burden

A group of Canadian cannabis executives has shined a light on what it says are unsustainable federal fees on the nascent industry. The executives are asking the federal government to offer the industry some relief from the federal tax fees amid widespread financial losses and increasing job losses. During a news conference last week, the executives argued that job losses would continue to pile up if the federal government did not make any meaningful reform. Even though cannabis is legal across dozens of states in the United States and in Canada as well, industry players have been forced to contend…

MondayFeb 27, 2023 4:20 pm

420 with CNW — Twitter’s Decision Gives US Marijuana Companies Advertising Boost

Industry insiders say that Twitter's recent policy change allowing state-legal marijuana businesses to advertise and market on the platform is a positive development for the sector and may prompt other digital advertising platforms to reconsider their bans on cannabis promotion. Twitter is simultaneously enhancing its entry into American marijuana advertising through a promotional incentive for the sector. However, there are still some uncertainties regarding the specifics of what Twitter's new marijuana advertising policy allows and prohibits. In the opinion of Lisa Buffo, CEO and founder of the Cannabis Marketing Association, the move is a definite sign that marijuana is becoming…

MondayFeb 27, 2023 4:20 am

420 with CNW — Wisconsin Governor Releases Budget Request That Features Cannabis Legalization

Wisconsin Governor Tony Evers (D) recently unveiled the state's biennial budget proposal, which once more includes language supporting the legalization of both medical and recreational cannabis. The governor made it known that he intended to include the adult-use proposal in his request, despite a top Republican lawmaker's warning that doing so might jeopardize talks on more moderate medical marijuana legislation. He also stated that he would not be persuaded to drop the proposal owing to the fact that he promised to work for comprehensive legalization during the campaign and a majority of state voters support the change in law. However,…

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