NewsRoom Articles - Page 115 of 596

TuesdayApr 18, 2023 4:20 pm

420 with CNW — Fixing Three Issues Could Improve Key Cannabis Relationships

Cannabis laws within a state may span several hundred pages and include numerous regulations. However, the three things that are most vital to the regulators who make these regulations as well as the law enforcers who implement them include the following: Preventing the diversion of products to the black market the physical security of marijuana businesses a possible strain on public resources as well as law enforcement Marijuana enterprises should center their security measures on those three aspects to remain compliant and maintain harmonious relations with law enforcement and regulators. Anthony Vanderhorst, security director at Jushi Holdings, says when it…

TuesdayApr 18, 2023 4:20 am

420 with CNW — Arkansas Legislators Send Bill on Medical Cannabis Patients’ Gun Rights to Governor

A measure allowing medical marijuana users to receive concealed carry permits for weapons has been approved by the Arkansas Senate. Representative Aaron Pilkington introduced the bill, which was approved by the House of Representatives last Tuesday prior to being approved by the entire Senate on Friday. According to the proposed legislation, a person's eligibility for medical marijuana cannot be utilized to decide whether they are qualified for a firearms license. A person who participates in the medical cannabis protocol does not become a chronic or persistent user of a prohibited substance, which may prevent them from receiving concealed-carry approval, according…

MondayApr 17, 2023 4:20 pm

420 with CNW — State Data Shows Marijuana Sales in Missouri Totaled $126M in March

Latest data shows that cannabis sales in the state of Missouri for the month of March hit $126.2 million. This is month two since recreational retailers were launched in the state, after voters passed a measure to legalize the recreational use of the drug last year. The revenue generated represents a 22.4% increase in marijuana sales from the amount generated in February. Broken down, recreational and medical marijuana sales stood at $93,500,000 and $32,700,000 respectively. Projections expect that before the year ends, collective marijuana sales in Missouri may hit $1 billion. The aggregate sales total for the budding recreational market…

MondayApr 17, 2023 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Eyes the Licensed Use of its DehydraTECH(TM) Technology to Complement its Royalty Earnings and Realize Revenue in Advance of Royalties

Chris Bunka, Lexaria’s CEO, has reiterated the company’s commitment to creating value for its shareholders with the licensed use of its patented DehydraTECH(TM) technology Mr. Bunka has noted that Lexaria is already in discussions with interested parties in Europe and North America, a move that presents a critical fiscal opportunity for the company He has emphasized how profitable new licensing agreements could be for the company, presenting additional avenues for Lexaria to generate revenue and create value for its shareholders As the company continues to make a transition toward a more commercial focus in 2023, Bunka notes that licensing will…

MondayApr 17, 2023 4:20 am

420 with CNW — New Certification Will Help Standardize Marijuana Product Testing by Labs

States that have legalized the commercial production and sale of marijuana are required to have their products tested for THC levels and contaminants. THC is one of the main psychoactive compounds in marijuana, with the other being cannabidiol (CBD). Unlike CBD, however, THC induces a high when ingested. Industry standards for such tests aren't well-established, a situation that allows some laboratories to inflate levels of THC in an effort to meet client needs. Last week, two marijuana testing labs launched a new program to standardize procedures for testing the potency and purity of cannabis products. For some time now, SC…

FridayApr 14, 2023 4:20 pm

420 with CNW — Maryland Legislators Finalize Details of Recreational Marijuana Sales Launch

The 2023 Maryland General Assembly recently reached the policy goal the state has been edging toward for years, approving regulations for recreational marijuana sales. Maryland residents aged 21 years and older will be able to purchase recreational marijuana starting on July 1, 2023, if Governor Wes Moore signs the legislation into law, which he is certain to do. Cannabis was made legal in the state constitution by a ballot referendum that was approved by voters in November. Legislators promptly carried out their directives, prioritizing the historic reforms at the top of their to-do list even before the first session. The…

FridayApr 14, 2023 4:20 am

420 with CNW — German Cannabis Imports Grow to Record Levels

Germany shipped an unprecedented 25,000 kilos (27.6 tons) of medicinal and experimental cannabis last year, up 19% from 2021, per the Federal Drug Institute and Medicinal Devices (BfArM). But it also represents the smallest increase since BfArM started disclosing information on cannabis imports in 2018. Due to the potential for inferior products or re-exportation to various nations, a sizable fraction of the shipments may have failed to reach patients. The German National Association of Statutory Health Insurance Funds claims that the increase in imports is also at odds with the constant state subsidies for medical marijuana products, which have been steady since 2020.…

ThursdayApr 13, 2023 4:20 pm

420 with CNW — Cannabis Prices Slump in Massachusetts Amid Supply Glut

A chronic oversupply problem has caused cannabis prices in Massachusetts to slump for several months. In October 2022, recreational cannabis in Massachusetts averaged $7.76 per gram of cannabis, the lowest cannabis prices had been since the launch of the adult-use market. Prices had decreased steadily since June 2021, with the most significant falls in cannabis prices occurring in September and October 2022. Interestingly, sales revenue from recreational cannabis went down as well, with adult-use cannabis retailers bringing in $112.2 million in November 2022, the lowest retail sales revenue since the start of the year. Joseph Lekach, CEO of cannabis company…

ThursdayApr 13, 2023 4:20 am

420 with CNW — Missouri Sees Uptick in Marijuana Jobs Shortly After Legalization Ballot

Despite its relative youth, America’s nascent cannabis industry has been one of the most prolific job creators in the country. As of January 2022, more than 420,000 people nationwide had full-time jobs in the state-legal cannabis industry. The industry has been among the fastest-growing sectors in the country in recent years, and it is predicted to be worth $47.5 billion by 2030 as more states launch their own markets and sales pick up. Missouri, a traditionally conservative state, is enjoying some of the labor benefits of cannabis reform after it recently approved recreational cannabis sales. Only a few months after…

WednesdayApr 12, 2023 4:20 pm

420 with CNW — Colombian Authorities Seize More Than 8,000 Pounds of Marijuana in Maritime Operations

More than 8,000 pounds of cannabis were confiscated last week in several maritime operations that resulted in two ships sinking. Three ships in total were intercepted, while one sunk while attempting to evade Navy ships, according to a statement released by the Columbian Navy on Saturday. The Navy released a video on Twitter showing officers unloading marijuana packages, which were estimated to be worth $29 million. The first incident took place when a Navy aircraft discovered a ship that was traveling in the northern Pacific region at a "high velocity." The vessel eventually sank as a result of the water…