NewsRoom Articles - Page 146 of 600

ThursdayNov 17, 2022 4:20 am

420 with CNW — Congressional Subcommittee to Hold Marijuana Hearing Soon After Midterms

Drug, racial and social-justice activists will be happy to know that House lawmakers will be discussing marijuana reform once the midterm elections draw to a close. Although the Biden administration was quick to act on its green-energy and electrification promises, there were plenty of valid complaints regarding the administration’s lack of action regarding cannabis reform. President Joseph Biden recently made waves across the country when he announced that his administration was taking steps to begin pardoning all Americans who had simple cannabis possession offenses on their records. With the midterm elections drawing to a close as final seat winners are…

WednesdayNov 16, 2022 4:20 pm

420 with CNW — Colorado’s Amendment 64 a Decade Later

It has been 10 years since Amendment 64, which legalized adult-use marijuana in Colorado, was passed and implemented. The proposed constitutional amendment had a number of arguments in support of legalizing marijuana, and we shine the spotlight on some of those arguments to see to what extent they have been vindicated. One major argument was that by legalizing recreational marijuana, adults who wish to use the substance would purchase it from regulated sources that are licensed and have quality standards to adhere to, unlike marijuana sourced from underground sources that aren’t subject to any regulation. Teen use would also be…

WednesdayNov 16, 2022 4:20 am

420 with CNW — Reelected Wisconsin Governor Promises to Include Marijuana Legalization in Budget Proposals

Governor Tony Evers (D), who has just been reelected as the governor of Wisconsin, has promised to include marijuana policy reform in his budget proposals due early in 2023. This pledge comes after Wisconsin voters in a number of counties and cities approved nonbinding questions in the midterm polls supporting the establishment of a legal marijuana market in the state. Speaking during a press conference after his reelection, Evers said his 2023–25 budget plan will contain provisions on marijuana legalization and that it was something that lawmakers needed to discuss and find a way forward. He added that sooner or…

TuesdayNov 15, 2022 4:20 pm

420 with CNW — 130-Plus NGOs Demand That Immigrants Be Included in Biden’s Cannabis Pardons

President Joseph Biden made plenty of promises while on the campaign trail, including his pledge to offer marijuana pardons. One of his more progressive statements, the promise was met with praise from drug reform activists across the country. Last month, President Biden announced that he was taking steps to pardon everyone who had been federally convicted of simple marijuana possession offenses. The announcement was met with surprise as the Biden administration has been largely silent on cannabis reform despite Biden’s campaign promises. Biden also instructed governors to issue similar pardons at the state level and stated that he would initiate…

TuesdayNov 15, 2022 4:20 am

420 with CNW — Federal Judge Dismisses Suit Challenging Ban on Gun Rights for Medical Cannabis Patients

There are an estimated 3.6 million registered medical cannabis patients in the United States with slightly more than 700,000 residing in the state of Florida. But, despite the fact that dozens of states have legalized medical marijuana and launched legal markets, the drug is still illegal at the federal level. This often leads to situations where businesses and customers abiding by state law are penalized by the federal government, which still considers cannabis to be illegal. One major example is the fact that cannabis businesses cannot access banking and financial services despite paying billions of dollars in taxes. On the…

MondayNov 14, 2022 4:20 pm

420 with CNW — Marijuana Consumers Opt for Concentrates as Product Prices Drop

Marijuana industry watchers as well as retail buyers indicate that cannabis concentrates are registering more sales across the industry, particularly in mature markets. Frequent marijuana users are also taking a greater liking to concentrates. Brightfield Group, a Chicago-based cannabis analytics firm, says approximately 29% of all marijuana consumers admit that they have used cannabis concentrates at least once during the past half year. Two years prior, that figure stood at 22%. Bethany Gomez, the managing director of Brightfield Group, says such a jump is significant in a space of only two years. Mature cannabis markets also registered an even bigger…

MondayNov 14, 2022 4:20 am

420 with CNW — Senior Living Facilities at Crossroads as Marijuana Laws Change

As more states legalize cannabis, residents of senior living communities are using the substance more and more, and this is putting the operators of those facilities in the spotlight regarding how they respond to this reality. At the moment, marijuana is categorized as a schedule 1 substance, the same category as heroin, MDMA, LSD and cocaine. While President Joseph Biden instructed the attorney general and the health and human services department to review this categorization, the law is the law, and marijuana users are still regarded as criminals. Public opinion has changed sharply on this matter, and pressure is mounting…

FridayNov 11, 2022 4:20 pm

420 with CNW — Colorado Rakes in Billions in Marijuana Sales a Decade After Legalization

Cannabis has proven to be one of the most resilient and profitable products on the market in recent years. Despite being barely more than a decade old, America’s state-legal cannabis industry has generated billions of dollars in revenue and created hundreds of thousands of job opportunities. The industry’s rise has been so prolific that cannabis has been dubbed the fastest-growing industry in the United States. However, profits in the state-legal market haven’t been spread equally among participating markets, with some states seeing a lion’s share of the industry’s profits. Colorado, for instance, was among the first states in the cannabis…

FridayNov 11, 2022 9:00 am

Zacks SCR Uses Lexaria Bioscience Corp. (NASDAQ: LEXX) HYPER-H21-4 Study to Support $15 Share Valuation

Lexaria’s HYPER-H21-4 human clinical study was a success, producing favorable results in treating hypertension when comparing the company’s patented DehydraTECH(TM) CBD with a placebo According to a Zacks SCR report, the findings support their $15 share valuation of the company Zacks expects Lexaria to penetrate global markets for hypertension, nicotine delivery and antiviral products The hypertension drug market is expected to grow to over $34 billion through 2030, with North America anticipated to hold 35% of the market share According to the World Health Organization (“WHO”), approximately 1.13 billion people worldwide suffer from hypertension (high blood pressure), with only one…

FridayNov 11, 2022 4:20 am

420 with CNW — Biden Praises Cannabis Pardons While Emphasizing That Relief is Only for Possession Charges

Recently President Joseph Biden gave a speech on his administration’s actions to relieve student debt. At the end of his speech, the president talked about his clemency proclamation on marijuana, noting that he recognized the issue’s popularity, especially among young voters. President Biden stated that he was keeping his promise that no individual should be jailed for possessing cannabis, emphasizing this pardon only applied for possession and adding that these records needed to be expunged. The clemency action, which only impacted resident/legal alien offenders and U.S. citizens who had committed federal marijuana possession offenses, has been criticized by advocates who…