Cannabis Stocks Archives - Page 7 of 16

TuesdayOct 29, 2024 10:00 am

Bipartisan Senators in Florida Blame DeSantis for Using Taxpayer Funds to Oppose Cannabis Measure

Bipartisan senators in Florida are criticizing Gov. DeSantis for using taxpayer funds to finance anti-cannabis advertisements opposing a measure to legalize cannabis. This news was first brought to the public by an independent journalist, Jason Garcia, who commented on the possible use of the opioid funds for cannabis-related public service announcements. Soon after, reports from the Tampa Bay Times confirmed that state funds from a settlement fund to help alleviate the opioid crisis were allocated to a 3rd party marketing firm for ads. This is despite the fact that the settlement’s terms specifically state that the funds are meant to…

FridayOct 25, 2024 10:00 am

Could This Third Attempt to Legalize Adult-Use Marijuana in North Dakota Succeed?

Campaigners who managed to put a measure to legalize adult-use marijuana in North Dakota know that success isn’t done and dusted. The voters have rejected similar measures in the recent past; in 2022 and also back in 2018. Those working to enact marijuana policy reforms know that they have to do things differently in order to ensure that their third attempt is the charm. Steve Bakken, who heads the group that is working to see Measure 5 get voter approval next month, says they must be careful to avoid creating the impression among voters that should marijuana prohibition end, a…

ThursdayOct 24, 2024 10:00 am

Seniors in America are Using Cannabis to Manage Pain, Combat Sleep Disturbances, Study Finds

A new poll has discovered that roughly 21% of individuals over the age of 50 have used a form of marijuana with THC at least once in the last 12 months. Another 12% admitted to using marijuana on a monthly basis. The poll, conducted by the University of Michigan, also found that 81% of older adults used marijuana to feel good or relax while 68% did so to improve their sleep. 63% also admitted to using the drug to alleviate pain while 53% did so to manage mental health conditions. The medical director of Caron’s Older Adult Program, Dr. Barbara…

FridayOct 18, 2024 10:00 am

Research Finds That Medical Cannabis Boosts the Mental Health of Older People

New research has found that legally available medical cannabis has helped improve the mental health of individuals aged 65 and above. For their research, the investigators at the National Bureau of Economic Research utilized geographic data to determine the availability effects of medical marijuana dispensaries on self-reported mental health in the state of New York. They found that living half an hour away from dispensaries reduced the probability of having poor mental health day for individuals in this age group by roughly 10%. They partly attributed this positive health impact to pain relief. This aligns with research from the Cato…

WednesdayOct 16, 2024 10:00 am

Marijuana Regulators Withhold Certification from Social-Equity License Winners

The state of Missouri recently awarded social-equity cannabis dispensary licenses to lucky lottery winners. Among them was David Huckins, a disabled veteran who learned in June that he’d be receiving 1 of 57 microbusiness licenses that the state stipulated would be awarded to disadvantaged business owners. Those who fit this description include disabled veterans, individuals with nonviolent cannabis offenses and those with lower incomes. This program is part of the constitutional amendment to legalize the recreational use of cannabis that voters approved in 2022. Under the amendment, the program would award 33 wholesale licenses for cultivation facilities and 24 dispensary…

FridayOct 11, 2024 10:00 am

Research Explores How Adult-Use Legalization in Canada Affects Medical Marijuana

On Oct. 17, 2018, the Canadian government legalized the recreational use of marijuana. Given the legislation’s upcoming sixth anniversary, one researcher believes the time has come to assess how the process has impacted the medical marijuana market. Associate professor Michael Armstrong, who specializes in operations research, conducted a new study demonstrating that while recreational legalization did see fewer patients remain in the medical market, the medical program is still running. Armstrong reveals that following recreational legalization, many individuals left the medical marijuana system, some of whom shouldn’t have been there in the first place. Data from the study reveals that…

WednesdayOct 09, 2024 4:20 pm

420 with CNW — Arkansas Disqualifies Medical Cannabis Amendment for November Poll

John Thurston, Arkansas secretary of state, has rejected a proposed amendment aimed at broadening access to medical cannabis. Thurston announced on Aug. 31, 2024, that the group advocating for the reform, Arkansans for Patient Access, had not gathered enough valid signatures to qualify for inclusion on the ballot. The organization had been given an additional 30 days to collect more signatures but ultimately fell short of the required 90,074 valid signatures. According to Thurston, only 10,521 of the signatures collected throughout the extended period were verified as legitimate. When added to the previously accepted signatures, the total reached 88,040, falling…

WednesdayOct 09, 2024 10:00 am

Marijuana Company Sues TV Stations, GOP over Misleading Campaign Ads in Florida

Last week, Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) filed a suit against the GOP, accusing the party of launching a misleading campaign to deceive voters about a proposed amendment that will permit the recreational use of cannabis. Trulieve, which is the biggest medical cannabis company in Florida, stated in its lawsuit that the owners of a pair of television stations based in Fort Myers, Floriday, were running a false advertisement trying to fool voters in the state into voting against Amendment 3. The lawsuit explained that the Republican Party knew that the claims made in the ad were intentionally…

MondayOct 07, 2024 10:00 am

Minnesota’s Medical Marijuana Industry Could Be Impacted by Launch of Recreational Sales

In May 2023, Minnesota Governor Tim Walz signed House File 100 into law, legalizing the recreational use of marijuana in the state. The law went into effect on Aug. 1, 2023, making it legal for Minnesotans to use, possess and grow marijuana in the state. The state is about three months away from allowing retailers to sell and purchase recreational marijuana. Experts expect the medical marijuana industry to be negatively affected if transitions in other states are anything to go by. Data from the Cannabis Regulatory Agency in Michigan shows that in August 2024, medical-marijuana sales totaled about $1.2 million,…

FridayOct 04, 2024 10:00 am

Kentucky Issues First Medical Cannabis Business License

Last week, the state of Kentucky awarded the first license for its medical marijuana program to KCA Labs. The state legalized medical marijuana in March 2023, following the signing of SB 47 into law by Governor Andy Beshear. SB 47 legalized the use of medical marijuana for individuals suffering from various debilitating diseases, including multiple sclerosis, cancer, epilepsy, post-traumatic stress disorder, chronic nausea and chronic pain. Following the legislation’s passage, the governor signed a follow-up measure in April that reduced the timeline for licensing marijuana businesses, allowing the licenses to be awarded this year. Governor Beshear announced that granting this…