NewsRoom Articles - Page 139 of 610

TuesdayFeb 21, 2023 4:20 am

420 with CNW — Cannabis Brand Strength Could Be More Pivotal Than Sales

In only a few short years, the cannabis industry has proven to be one of the fastest-growing and most profitable sectors in the country. Over two decades after California legalized medical cannabis, the marijuana industry has grown to a behemoth sector worth billions of dollars. The industry has sold billions’ worth of cannabis products, filled state coffers with billions of dollars in taxes and created hundreds of thousands of new employment opportunities. This landscape of constant growth and runaway profits attracted entrepreneurs from all over the country who were itching to gain a portion of the extremely lucrative cannabis market…

FridayFeb 17, 2023 4:20 pm

420 with CNW — Senators in Nebraska Debate Refiled Marijuana Legalization Measures

Senators in Nebraska recently held a meeting to discuss a newly filed legislation that would legalize medical cannabis in the state. The lawmakers spent the hearing listening to testimonies from experts and advocates on the therapeutic benefits of the cannabis plant. The members of the Judiciary Committee discussed a medical cannabis bill that was filed by Senator Anna Wishart nearly a month ago, before meeting later in the day to discuss separate measures that would legalize recreational cannabis in the state. Wishart has been at the forefront of cannabis reform in Nebraska for several years now, pursuing this reform through…

FridayFeb 17, 2023 4:20 am

420 with CNW — Bipartisan Senators Reintroduce Revised Bill on Cannabis Research for Veterans

Last week, a group of senators re-introduced a measure to promote studies on the use of marijuana by veterans. It is expected that an identical bill will be introduced in the House in the near-term. A congressional source has revealed that the measure’s introduction in the House maximizes the likelihood of its passage through both chambers. The bipartisan measure in question, the VA Medicinal Cannabis Research Act, directs that the U.S. Veterans Affairs’ department look into the medical potential of cannabis for military veterans, in particular those who suffer from chronic pain and post-traumatic stress disorder. The measure was sponsored…

ThursdayFeb 16, 2023 4:20 pm

420 with CNW — California Releases Grants Worth $15M to Cannabis Social Equity Initiatives

On Feb. 10, 2023, the state of California announced that it had given out grants totaling $15 million to fund regional initiatives to advance fairness in the cannabis business. The Office of the Governor of Economic and Business Development (G0-Biz) gave the money to 16 counties and cities throughout the state through the Marijuana Equity Grants Program for Local Jurisdictions. The applications began toward the end of 2022. This is in line with California's plans to finance future and ongoing fairness initiatives for individuals who are disproportionately affected by the war on drugs with money from the marijuana tax. The lowest grant…

ThursdayFeb 16, 2023 4:20 am

420 with CNW — Canada Yet to Make Progress on Cannabis Consumption Lounges

Cannabis consumption lodges have been controversial since the first consumption lounge was launched in Los Angeles in 2019. Consumption lounges have made little headway in the years since, and they are still a rarity across most of America. The situation is the same up north in Canada, where the country has had legal recreational cannabis for five years now but still hasn’t made any effort to craft a legal framework for permanent consumption lounges. The most regulatory authorities have done is issue temporary outdoor consumption licenses for events such as music festivals, but there has been little action, if any,…

WednesdayFeb 15, 2023 4:20 pm

420 with CNW — California Could Make Interstate Cannabis Commerce a Reality Sooner

Is the Golden State indeed facilitating cannabis cross-state trading? California marijuana regulators have had extensive discussions with the state's attorney general. Top state officials from the Cannabis Control Department (DCC) laid out the lawsuit over how California might avoid federal restrictions if state authorities decide to approve marijuana exports throughout state boundaries in an eight-page memo to the state AG’s office on Jan. 27, 2023. Executives in the cannabis sector and legal professionals expressed their opinions about the memo, labeling it a significant development that, if realized, would require more time. Matthew Lee, DCC chief lawyer, and Nicole Elliott, DCC…

WednesdayFeb 15, 2023 9:45 am

REZYFi, Inc. Leveraging Everchanging Cannabis Landscape to Tap into Possible Legislation-Driven Growth for California Cannabis Industry

REZYFi is a real estate-oriented mortgage company that primarily targets licensed and permitted cannabis companies and owners of real estate who lease to cannabis companies The company is keen on capitalizing on possible opportunities brought by new and pending cannabis legislation Recently, the California Department of Cannabis Control sought the legal opinion of the state Attorney General’s office on whether or not interstate cannabis commerce will be viable, given the signing of a state bill to allow the transportation and distribution of cannabis products to other states Should the letter yield a positive opinion, legal interstate cannabis commerce could be…

WednesdayFeb 15, 2023 9:00 am

Prime Harvest Inc. Prepares to Expand Retail Footprint with Approval Recommendation From San Diego Planning Group

San Diego Planning Group grants approval recommendation to Prime Harvest Inc. to open retail cannabis outlet in Mount Hope Community planning groups often appeal retail cannabis applications, resulting in long delays, court cases, and project abandonment Prime Harvest received local support by meeting with community stakeholders, revealed plans to integrate community’s needs into project Prime Harvest is a member of the Community Alliance Program, provides financial assistance for educational programs, homeless veterans, urban farms, and the arts Opening a cannabis retail outlet in San Diego is not an easy process, but Prime Harvest, a legal tech-focused cannabis enterprise and parent…

WednesdayFeb 15, 2023 4:20 am

420 with CNW — Texas Veterans Want Medical Cannabis Program Expanded, Delta-8 THC Accessible

Veterans in Texas are fighting to defend the state's hemp industry and push to expand its medical cannabis program during the state’s legislative meeting at the capitol. The vets and those who support them claim that they require access to delta-8 tetrahydrocannabinol, a hemp product, to treat conditions such as PTSD, traumatic brain injuries and chronic pain. Like marijuana, delta-8 THC is widely available in Texas and can induce euphoria. It is distinct from the more popular commercial hemp substance known as cannabidiol (CBD), which can be found in a wide range of goods such as gummies, lotions and pet…

TuesdayFeb 14, 2023 4:20 pm

420 with CNW — Study Suggests Cannabis Has No Link to Hangover Effects, Questions Drug Policies

Anyone who has consumed alcohol and used marijuana will tell you that one core difference between the two is that, unlike alcohol, cannabis does not induce a hangover. While you may feel a little foggy and lethargic following a night of cannabis consumption, you will feel none of the uncomfortable symptoms associated with an alcohol hangover. However, since anecdotal accounts of how cannabis doesn’t leave users with a hangover rarely count in the grand scheme of things, researchers have repeatedly set out to determine whether or not marijuana has a hangover effect via the scientific method. A review of 20…

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