NewsRoom Articles - Page 140 of 619

TuesdayApr 04, 2023 4:20 am

420 with CNW — Congressional Review OKs DC-Proposed Reforms to Medical Cannabis Program

Washington, DC’s medical marijuana program will undergo a few changes in the coming months after a Congressional Review resulted in the approval of an amendment measure. The bill includes further social equity provisions, gets rid of cannabis business licensing caps and allows cannabis operators to obtain tax relief. In addition, the bill will create new business categories in the state’s cannabis program, such as marijuana cooking classes and onsite marijuana consumption facilities. The measure also will allow sellers of nonmarijuana products in exchange for free cannabis items to enter the legal market and allow state officials to crack down on…

MondayApr 03, 2023 4:20 pm

420 with CNW — Marijuana Firms Register Mixed Results from Foray into Twitter Adverts

Angel Ferrer, the head marketing executive of Hemper Co., created a Twitter profile and uploaded an advertisement for the company's products on the market, stocked with a range of marijuana accessories, in February, when Twitter allowed cannabis ads. The account was deleted by Twitter shortly thereafter. Ferrer said he would keep learning how to deal with Twitter regardless of the disabling of his initial ad. The first big digital media site to permit marijuana advertising was Twitter, which has its headquarters in San Francisco. But there are several limitations for marketers, as companies such as Hemper are discovering. Cannabis businesses…

MondayApr 03, 2023 11:15 am

Prime Harvest Inc. Launches Weed 4 The People Reg A+ Offering to Fund Cannabis Retail and Delivery Expansion Across California

Prime Harvest launched Reg A+ offering, Weed 4 The People, which enables public to invest for as little as $4.20 per share Company aims to raise $42M to fund expansion of JAXX Cannabis, flagship store and delivery platform Company achievements include 976% revenue growth from 2019-2022, 395% unique customer growth, 60+ brand partners Company aims to open 20++ locations across California within five years, recently received approval recommendation for conditional use permit to open retail cannabis outlet in the City of San Diego Prime Harvest, a tech-focused legal cannabis enterprise and parent company to SoCal’s premier dispensary JAXX Cannabis, recently…

MondayApr 03, 2023 9:00 am

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) CEO, Chris Bunka, Confident that 2023 will be Lexaria’s Best Year Ever

Chris Bunka, Lexaria’s CEO, remains confident that 2023 will be Lexaria’s best year ever and has expressed his optimism that the company will continue to build its client base and increase its cash flows as the year progresses In his 2023 letter to stakeholders, the CEO expressed his satisfaction given that the company had delivered on a statement that he made the previous year, lauding his team for meeting objectives that Lexaria had set out to achieve in the 2022 calendar year Through the help of his team, Bunka is committed to making Lexaria one of the top drug delivery…

MondayApr 03, 2023 4:20 am

420 with CNW — SD Governor Vetoes Proposed Law to Raise Hemp THC Cap

South Dakota Governor Kristi Noem has vetoed a bill that sought to increase THC levels in industrial hemp and its derivatives. Industrial hemp was legalized in 2018 after Congress approved the Farm Bill and allowed farmers across the country to cultivate, process and sell industrial hemp with less than 0.3% THC in state and tribal programs. THC (delta-9 tetrahydrocannabinol) is the main chemical agent in marijuana, and it produces the plant’s infamous psychoactive effects. But while marijuana contains high enough levels of THC that the chemical can cause mind-bending effects, industrial hemp has very little THC and no psychoactive effects.…

FridayMar 31, 2023 4:20 pm

420 with CNW — Major Association in Alcohol Industry Backs Federal Cannabis Legalization

A major industry group representing the alcohol industry urged lawmakers to federally legalize adult-use marijuana in a letter sent to congressional leaders on Wednesday. According to the WSWA, the current disparity between federal and state law not only has negative effects on both cannabis users and nonusers, but it will also have prolonged effects on public safety and health. In its letter, the association emphasized two major points: first, cannabis regulation could be modeled after the current alcohol system, and second, piecemeal cannabis reform is unworkable, so legislators should take a comprehensive approach to the problem. Additionally, the letter emphasizes…

FridayMar 31, 2023 4:20 am

420 with CNW — Maryland Follows Growing Nationwide Trend, Opens First Marijuana Consumption Lounge

Maryland has officially joined a small but growing group of U.S. states with operational marijuana consumption lounges. Launched in Burtonsville, Ceylon House is the first marijuana consumption lounge in Maryland that allows adults to gather and smoke cannabis outside of their homes. The facility will only serve medical marijuana patients for the moment, and staff will check customer licenses at the door before letting them in. At the moment, Ceylon House currently operates in a sort of grey area because Maryland law hasn’t legalized consumption lounges, but it hasn’t outlawed them either. One of the most contentious issues in the…

ThursdayMar 30, 2023 4:20 pm

420 with CNW — Swiss Capital to Run Pilot Program of Marijuana Legalization

In an experiment to evaluate the financial and social advantages of controlling marijuana, the Swiss regime has authorized its intentions to end the criminalization of the trade and use of marijuana in Zurich. Beginning this summer, some 2,100 Zurich residents will be allowed to purchase the medicine in predetermined amounts for individual use from drugstores, social clubs and medical facilities throughout the city. As a requirement for the research carried out in partnership with Zurich University, those participating will respond to survey questions every six months regarding their consumption patterns and health impacts. The experiment's ultimate goal is to ascertain…

ThursdayMar 30, 2023 11:15 am

NECANN Vermont Cannabis & Hemp Convention to Increase ROI in the Cannabis Industry

Cannabis entrepreneurs, executives, and marketers are invited to attend the NECANN Vermont Cannabis & Hemp Convention to be held from May 6-7, 2023 at Essex Junction, Burlington, VT. The fast-paced, energetic nature of cannabis and psychedelic events is prominent. NECANN specializes in creating resource hubs for the fast-expanding cannabis industry. Events where entrepreneurs, educators, businesses, advocates, investors, patients, and consumers can learn, connect, and thrive. NECANN Vermont Cannabis & Hemp Convention will focus on advanced businesses and products serving the cannabis industry and its agricultural, financial, medicinal, and lifestyle aspects. A great substitute to the generic national canna-convention franchises, NECANN…

ThursdayMar 30, 2023 4:20 am

420 with CNW — How Technology Companies Help Cannabis Retailers Access Payment Solutions

Cannabis retail is booming in the United States, and by 2024, it's predicted that sales will reach an estimate $31.8 billion. This massive growth is partly driven by cannatech businesses that take the lead on technological advancements. One such company is Treez, which enables in-person and online sales while providing dispensaries with a variety of digital payment options that boost customer satisfaction and sales. The Safe Banking Bill and federal legalization of cannabis are both making little progress in Congress, despite state-level legalization being on the rise. Since banks and most credit card companies are reluctant to be involved with…

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