Cannabis Stocks Archives - Page 14 of 16

WednesdayMay 01, 2024 10:00 am

Cannabis Retailers Report Brisk Business During 4/20 Weekend

April 20 marks the day when the consumption of marijuana is celebrated globally, with individuals across the globe smoking the drug around 4:20 p.m. The holiday is popularly known as 4/20 and promotes the consumption of marijuana; historically, April 20 is often the best day for business annually for cannabis retailers. Recent reports from cannabis retailers in the United States, backed by industry data and firsthand accounts, show that business this past April 20 was huge. During this holiday, e-commerce and point-of-sale operators as well as retailers experienced considerable increases in foot traffic and revenue. Vendors and retailers handled the…

WednesdayApr 24, 2024 10:00 am

Study Finds CBD Could Effectively Combat Crack-Use Disorder

New research has discovered that individuals who use CBD for crack-use disorder may have fewer adverse health events as well as better health outcomes. This is in comparison to patients who were on conventional treatments. For their study, the researchers conducted a double-blind, randomized, controlled trial where they compared CBD to clonazepam, valproic acid and fluoxetine, which are commonly used to treat crack use disorder. Study participants were 18 to 65 years of age and had either used crack at least 20 times in the last month, used it regularly for the last 12 months, or had an intention or…

MondayApr 22, 2024 10:00 am

North Dakota Group Files Recreational Cannabis Legalization Ballot Measure

Earlier this week, a group in North Dakota filed a ballot measure petition to legalize recreational marijuana in the state. The measure would permit individuals aged 21 years and older to buy products from registered marijuana establishments in the state and possess small amounts of marijuana. For the measure to qualify for the November ballot, the group will have to collect 15,582 signatures from eligible voters by July 8, 2024. In a release, the New Economic Frontier stated that the proposal would promote economic growth in North Dakota and reduce the burden on the criminal justice system. This committee is…

FridayApr 19, 2024 10:00 am

Ipsos Poll Suggests Cannabis, Abortion Ballot Measures Not Certain of Success in Florida

A recently conducted Ipsos poll has found that one-half of Floridians would vote to approve an abortion ballot initiative. The poll included 316 independents, 264 Democrats, and 369 GOP members. It was carried out April 5–7, 2024, with a margin of error of 4.1%. The survey include more than 1,000 adults in Florida, determining that 16% of them were unsure of their positions and/or hadn’t registered to vote. An additional one-third revealed that they were against the amendment on abortion. The poll also found that 49% of Floridians were in favor of a cannabis amendment. Those championing for recreational cannabis…

WednesdayApr 17, 2024 10:00 am

Six Quick Facts About Cannabis and Americans

The possession and use of cannabis is illegal under federal law in the United States. Despite this, many states across the country have legalized the drug for recreational or medical purposes. This comes as public support for legalization continued to increase. Below are some facts about cannabis in the United States, based on recent data. Almost 90% of Americans want cannabis to be legalized for recreational or medical use. A survey conducted by Pew Research Center in January found that 88% of adults in America think cannabis should be legal for recreational or medical use. More than 50% live in…

MondayApr 15, 2024 10:00 am

Cannabis Industry Perplexed as Feds Seize Marijuana from State-Legal Businesses

In the last two months, federal officials have seized hundreds of pounds of cannabis intended for retail sale from state-licensed businesses in New Mexico. This is in addition to detaining workers in the industry in what appears to be an escalation of enforcement of prohibition at the national level. This is despite the fact that the federal government has thus far avoided interfering with the implementation of legalization laws at the state level. Reports from cannabis businesses in the state show that more than 12 seizures by U.S. Customs and Border Protection (CBP) have occurred, particularly at checkpoints inside the…

FridayApr 12, 2024 10:00 am

Court Overturns New York’s Cannabis Advertising Ban

Last week, an Albany judge overturned New York’s rules on marijuana advertising and marketing. In his ruling, Judge Kevin Bryant stated that the rules were a violation of free speech and commerce. This ruling throws the state’s already struggling legal marijuana industry into confusion. In 2023, the state was prevented from issuing licenses to new marijuana shops for months, which left many shops unopened and allowed unlicensed retailers to operate across the city. In his 13-page ruling, Judge Bryant explained that the Office of Cannabis Management (OCM) published regulations outlawing marketing and promotions on third-party platforms with no evidence to…

WednesdayApr 10, 2024 10:00 am

Germans Turn Up Heat in Demanding Adult-Use Cannabis Sales Regulations

Legislators in Germany are focused on creating a pilot program for the commercial sale of marijuana. This comes after the country legalized the possession and cultivation of marijuana for personal use last week. Under the new law, social clubs where individuals could join and acquire cannabis are set for launch in July. In its statement, the Federal Ministry of Health stated that preparation work on the next pillar of the marijuana laws was underway with relevant departments. He also noted, however, that no specifics cold be shared at the time. Karl Lauterbach, the health minister who has championed for marijuana…

MondayApr 08, 2024 10:00 am

Poll Finds 60% of Americans Want Cannabis Homegrow Allowed

A new poll has found that almost every three in five individuals in the United States are in favor of home growing marijuana. The poll, which was commissioned by Royal Queen Seeds, found that more than 60% of cannabis consumers aged 21 years and older preferred to grow their own plants instead of purchasing marijuana. While this isn’t the first or second poll that observed strong support for cannabis legalization overall, it is one of the few that looked into preferences on home growing. In its findings, the survey determined that 59% of grownups believed individuals should have the right…

FridayApr 05, 2024 10:00 am

Germany Becomes Largest EU Country to Legalize Adult-Use Cannabis

Earlier this week, cannabis campaigners in Germany celebrated as the country legalized the recreational use of the drug and its possession in small amounts. The decision, which comes amid objections from law enforcement officers and doctors, makes Germany the third nation in the European Union to legalize marijuana for personal use after Luxembourg and Malta. The law was approved by the current coalition of the probusiness Free Democrats, the Greens, and Chancellor Olaf Scholz’ Social Democrats. This is despite opposition from the Christian Democrats and some federal states in the country. Friedrich Merz, leader of the center-right Christian Democrats, vowed…