NewsRoom Articles - CannabisNewsWire

MondaySep 26, 2022 4:20 pm

420 with CNW — Supply Chain Problems, Labor Issues Could Be Resolved by Ending Cannabis Testing

The railroad segment has experienced major upheaval in recent years as job cuts, low pay, and changes to terms and conditions led to disputes with railway worker unions and threats of a strike by railroad workers. This strike would have a significant impact on the country, affecting commuters, refineries, food producers and other industries that rely on the nationwide railroad network. Last week, news of a tentative agreement between railways and unions indicated that the nationwide railroad strike may have been averted. However, according to a congressman known for his support of cannabis reform, the strike points to deeper labor…

MondaySep 26, 2022 12:00 pm

The 420 Expo, NJ’s First BYOC Public Event, Sparks High Attendance, Open Conversations & Awesome Vibe

Approximately 17,000 People Came Through the Doors of the Inaugural Event in Edison, NJ The 420 Expo, New Jersey’s first-ever BYOC Consumer Cannabis Convention, was an unmitigated success for the cannabis community, exceeding all expectations. Approximately 17,000 people aged 21+ attended the historic three-day event, from September 16-18, 2022, at the NJ Convention & Expo Center in Edison, NJ. Hosted by the legendary Tommy Chong and presented by Wakit Grinders, the 420 Expo brought together experienced cannabis users, the “canna curious,” and businesses from the cannabis world and beyond in what amounted to one giant celebration. The event also featured…

MondaySep 26, 2022 4:20 am

420 with CNW — New Cannabis Reforms in Massachusetts Seek to Improve Equity, Local Levies

For the most part, cannabis reform measures across the United States have included social equity provisions designed to address the harms of the war on drugs. Long considered to be a failure, the drug war disproportionately affected Black and Brown communities and exacerbated systemic racial biases. More than two decades after California legalized recreational and medical cannabis, states are passing cannabis legalization measures with robust social equity and criminal justice provisions to compensate these communities and give them a leg-up in the multi-billion dollar cannabis industry. In Massachusetts, for example, lawmakers recently passed sweeping cannabis legislation with a major focus…

FridaySep 23, 2022 4:20 pm

420 with CNW — Heat Wave Compounds Challenges Marijuana Firms Face in California

Over the past couple of years, extreme weather events have rocked several parts of the world, resulting in flash floods, extreme heat, cold and more. Last year, power grids in Texas were shut down by extremely cold weather, forcing people to live without power in blistering cold weather for days. Such extreme weather events have continued to occur across the world, with California recently experiencing a heat wave that has caused power outages and disruptions. California also happens to have one of the largest cannabis industries in the country, and the recent heat wave is presenting significant challenges to cannabis…

FridaySep 23, 2022 4:20 am

420 with CNW — Oklahoma Supreme Court Shoots Down Two Challenges to Cannabis Legalization Measure

Last week, the Oklahoma Supreme Court rejected a pair of legal challenges against a cannabis legalization proposal. The court afforded the petitioners a small window to request for a rehearing as it prepares to make a final ruling in the coming week on whether the proposal can be brought before voters this year. The deadline to send in challenges against the proposed amendment to the constitution closed earlier in the week. Four challenges were filed, including two concerning the language of the ballot title, and two that dealt with signature certification, which were shot down by the court. One of…

ThursdaySep 22, 2022 4:20 pm

420 with CNW — Survey Finds Most Republicans Support Incremental Marijuana Policy Reforms

Most progressive measures in the United States have been pushed by Democratic lawmakers and supported by left-leaning voters. Democrats were almost entirely responsible for the wave of cannabis reform that has swept across the country, with most left-leaning states now allowing some kind of legal marijuana market. However, a recent survey has revealed that attitudes toward cannabis prohibition and legalization are also changing on the other side of the political divide. The survey found that voters who identify as Republican support various cannabis reform measures, including legalizing the controversial plant, expunging certain cannabis-related offenses from people’s records and allowing states…

ThursdaySep 22, 2022 4:20 am

420 with CNW — US Court of Appeals Rules Marijuana’s Federal Scheduling Is Irrational, Not Unconstitutional

A recent ruling handed down by the U.S. Court of Appeals for the Second Circuit states that the decision by the federal government to classify marijuana under Schedule I of the Controlled Substances Act is not unconstitutional but is plausibly irrational. The Controlled Substances Act was approved by the 91st United States Congress and signed into law by former President Richard Nixon. It became effective May 1, 1971. Schedule I substances under this act are, by definition, substances that currently have no accepted medical use in treatment and have a high potential for abuse. Drugs classified under this schedule include…

WednesdaySep 21, 2022 4:20 pm

420 with CNW — Florida Judge Slams State for Slow Medical Marijuana Licensing Process

Florida legalized medical cannabis in 2014 and began allowing qualified patients to access non-smoked, low-THC cannabis in January 2015. Another measure passed in 2017 created a more comprehensive regulatory framework for Florida’s medical cannabis industry. It also required that the state Department of Health issue new medical cannabis licenses as the number of qualified patients increased. However, despite the fact that Florida now has more than 700,000 medical marijuana patients and should have granted another 22 medical marijuana licenses, regulators are yet to do so. Earlier this month, an appeals judge chastised state health officials for the slow medical marijuana…

WednesdaySep 21, 2022 12:45 pm

Flora Growth Corp. (NASDAQ: FLGC) 7x YOY Revenue Growth for H1 2022 Affirms Hyper Growth

H1 2022 revenue increased to ~$15.0 million, up 604% from H1 2021 and 117% from H2 2021, driven by House of Brands Gross Profit increased to ~$7.0 million, up 547% compared to H1 2021 and 363% compared to H2 2021 Company reaffirms its 2022 revenue guidance to range between $35.0 million - $45.0 million, indicating approximately 300% - 400% projected revenue growth from 2021 In August, Flora (NASDAQ: FLGC) released its financial and operating results for the six months that ended June 30, 2022 (https://cnw.fm/4Oeqb). As an internationally focused cannabis company, the organization’s management acknowledged how challenging the current global…

WednesdaySep 21, 2022 12:00 pm

REZYFi Inc. Addresses Loan Needs of Growing Cannabis Industry Through Subsidiary Companies: REZYFi Lending and ResMac Inc.

The global cannabis market is expected to reach $33 billion by 2025, driven by legality and regulation within the market REZYFi is servicing the needs of both traditional and non-traditional consumers and businesses Company targets licensed and permitted cannabis companies, owners of real estate who lease to cannabis companies, and companies and individual homeowners seeking a variety of real estate-related first and additional mortgage-based financing REZYFi’s management team is leveraging its extensive industry experiences in real estate, finance and cannabis to pursue company objectives The cannabis industry has experienced significant growth in recent years due to the expanding legalization and…

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