NewsRoom Articles - Page 128 of 610

ThursdayApr 20, 2023 4:20 pm

420 with CNW — Missouri Cannabis Businesses Still Unable to Access Banking Services Fully Even After Legalization

During the November 2022 elections, voters in the state of Missouri approved a resolution legalizing the recreational use of marijuana. Legal possession of marijuana for individuals aged 21 years and above became legal in December 2022, with the first licensed sales occurring in February 2023. However, while significant strides have been made, the inability of cannabis firms to access full banking services is still a problem. Currently, Triad Bank is one among a handful of banks in the state that work with marijuana businesses. This is mainly because marijuana is still illegal at the federal level, despite being legal at…

ThursdayApr 20, 2023 4:20 am

420 with CNW — Another Federal Court Says Banning Cannabis Users from Owning Guns Is Unconstitutional

A federal judge has found that it is unlawful to prohibit marijuana users from owning or selling firearms. Paola Connelly, who lives in El Paso, Texas, was found guilty of distinct offenses for having and moving a gun in 2021 while accepting that she was a marijuana consumer; she was cleared after the United States Federal Court for the Texas West District agreed to review the case. A recent decision by the United States Appeals Court for the 5th Circuit forced a re-evaluation after the court had earlier given the conviction. The decision centered on an earlier ruling established by the Supreme Court of the…

WednesdayApr 19, 2023 4:20 pm

420 with CNW — Attorneys Say Government’s Response in Gun Rights Case Is ‘Dangerous and Startling’

Attorneys recently filed a case appealing the federal government’s decision to prevent patients using medical cannabis from owning firearms. The attorneys, who are representing medical marijuana patients from Florida, are asking the Court of Appeals for the Eleventh Circuit to overturn a decision made by the federal district court to dismiss the lawsuit, arguing that the ban is inconsistent with recent Supreme Court precedent, in addition to being unconstitutional. Recently, the Justice Department stated that allowing medical cannabis patients to own guns could undermine the government’s ability to restrict ownership by individuals who are addicted to controlled substances such as…

WednesdayApr 19, 2023 4:20 am

420 with CNW — Study Highlights Medical Marijuana Safety Concerns in Canada

A new study has found that most Canadians who need medical cannabis usually purchase their products from the recreational market instead of the medical system, which raises safety and health concerns. In Canada, medical marijuana can be accessed legally through a licensed marijuana seller by individuals who possess medical authorization, or a prescription. The study involved 5,744 participants, making it one of the biggest surveys ever done on how Canadians accessed marijuana for medical purposes. It was conducted by a University of Manitoba researcher and completed in collaboration with patient groups SheCann Cannabis, Medical Cannabis Canada, McGill University and Santé…

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…

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