Cannabis Stocks Archives - Page 12 of 16

FridayJun 14, 2024 10:00 am

California Marijuana Consumption Lounge Bill Sent to State Senate

A measure that would permit marijuana lounges to sell food and nonalcoholic drinks has been forwarded to California’s senate for approval. Several local governments have already permitted marijuana lounges, including government officials in Oakland, San Francisco, Weed and Sacramento. The recent measure, Assembly Bill 1775, was authored by San Francisco Democrat and Assemblymember Matt Haney. This is the second attempt in which Haney is introducing such a measure, after a similar bill was vetoed by Governor Gavin Newsom in 2023. The new measure includes amendments to ensure there is separation between food areas and marijuana consumption in lounges. This will…

WednesdayJun 12, 2024 10:00 am

Voters in Dallas Could Decide on Cannabis Decriminalization in November

Voters in Dallas may have the opportunity to decide whether the state should decriminalize marijuana in small quantities in November. This is if members of the city council approve a plan to place a resolution on this year’s ballot. Chad West, a council member, recently revealed that he would be proposing the Dallas Freedom Act later this month. Organizers revealed that a petition in favor of the change has received more than 50,000 signatures. West stated that voters in the city and the country at large wanted to decriminalize cannabis, explaining that law enforcement was already burdened and needed to…

MondayJun 10, 2024 10:00 am

College Enrolment Increases in States with Legal Marijuana, Graduation Rates Remain Unaffected

New research has determined that recreational cannabis legalization in some states has led to an increase in enrolments by roughly 9%, without compromising rates of graduation or degree completion. The research was carried out by Ahmed El Fatmaoui, a graduate student at the University of Oklahoma. For the study, El Fatmaoui built on previous research such as one study that determined which legal states saw bigger application pools with no observed decline in student-applicant quality. He then obtained data from the Integrated Postsecondary Education Data system as well as the county for his analysis. His findings showed that the legalization…

FridayJun 07, 2024 10:00 am

Japan Gathering Public Feedback on Proposed Marijuana Reforms

Last week, Japan launched the public-comment period for its marijuana reform measure, providing new details on how its budding marijuana industry would look over the next few months. This comes after the country’s Ministry of Health, Labor and Welfare published a document suggesting changes to allowable THC amounts in some products in February. Preliminary proposals suggest that Japan may become the first country to approve CBD in food. Astrasana Holding AG managing director, Yves Antoniazzi, revealed that the company has been waiting a long time for this, noting that it was a big milestone for the global marijuana industry. He…

WednesdayJun 05, 2024 10:00 am

AI Helping to Optimize Marijuana Cultivation

The use of machine learning in indoor marijuana cultivation facilities is increasing, with growers using advanced cameras and sensors to sound alarms on threats such as disease or pests, decrease labor costs linked to different level growing tasks and maintain optimal conditions for plant growth. The primary reasons why marijuana and other indoor cultivation companies are making use of artificial intelligence (AI) or machine learning tech in their facilities include the following: Consistency is needed in indoor growing facilities, and artificial intelligence can deliver this. Resources such as energy and labor that are required to cultivate marijuana indoors are costly;…

MondayJun 03, 2024 10:00 am

DOJ to Receive Public Comments on Cannabis Reclassification Throuh July 22

The U.S. Department of Justice (DOJ) is set to begin accepting comments on a rule that would move marijuana to a lower drug classification. This historic move comes after the U.S. Department of Health and Human Services recommended that the drug be rescheduled following a directive issued by President Biden in 2022 to review the drug’s current classification. At the moment, marijuana is classified as a Schedule I drug under the Controlled Substances Act. Drugs under this classification are said to have no accepted use in the medical world and a high potential for abuse. The drugs include heroin, LSD,…

WednesdayMay 29, 2024 10:00 am

Study Shows Prebedtime Marijuana Use Doesn’t Trigger Impairment

New research shows that using cannabis prior to sleeping has a negligible effect on different performance measures the next day, including psychomotor and cognitive function tasks, simulated driving and even mood. The study, which obtained data from a bigger study exploring the effects of cannabidiol (CBD) and tetrahydrocannabinol (THC) on insomnia, examined outcomes from 20 adults with insomnia who rarely used cannabis. The study was carried out by 11 investigators from Macquarie University in Sydney, Johns Hopkins University, Griffith University, Royal Prince Alfred hospital and the University of Sydney. For the study, the investigators administered either 2 ml of marijuana…

FridayMay 24, 2024 10:00 am

New York Regulators Face Lawsuit Over Social-Equity Rules

Cannabis regulators in the state of New York have been hit with a new lawsuit filed earlier this month in the Albany County-based Supreme Court against the state’s Cannabis Control Board and Office of Cannabis Management. The issue is the state’s Conditional Adult-Use Retail Dispensary (CAURD) program, which gives priority to people who were impacted by the war on drugs. The suit was filed by four plaintiffs: Windward Management, Organic Blooms, Blackmark and Niagara Nugget. The plaintiffs stated that the applicants under the program could file initial requests for a license without informing the local municipality or having to secure…

WednesdayMay 22, 2024 10:00 am

THC Drinks Legality Questioned As Legislators Call for Stricter Regulations

Drinks infused with THC have become popular in the recent times, and if you were wondering: yes, they’re legal. The drinks are derived from hemp, which usually contains no more than 0.3% THC. THC is one of the two primary compounds found in cannabis plants, the other being CBD. However, unlike THC, CBD doesn’t induce a high when ingested. After the 2018 Farm Bill was passed, industrial hemp was made legal, eliminating it from the DEA’s list of controlled substances. This legalization loophole is what allowed for hemp drinks to be sold legally by cannabis stores, alcohol retailers and breweries.…

MondayMay 20, 2024 10:00 am

Ouster of OCM Chief in New York Raises Questions

Chris Alexander, executive director of the state entity charged with overseeing the implementation of the recreational marijuana industry in New York State, has been asked to leave office when his tenure draws to an end this September. This ouster has raised more questions than it answers. For starters, many watchers of the roll-out of recreational marijuana sales in the state indicate that many departments had roles to play in the implementation of the adult-use cannabis program. However, none of those departments was mentioned in the report, which was released after the state governor launched a review of the recreational marijuana…