NewsRoom Articles - Page 175 of 624

TuesdayOct 25, 2022 4:20 am

420 with CNW — UCLA Scientists Close to Finalizing Marijuana Breathalyzer

New research by scientists at UCLA has developed a cannabinoid fuel cell prototype that can detect THC, the compound responsible for inducing a high when marijuana is consumed, in a person’s breath. ElectraTect, a UCLA startup, is testing the device, which it believes offers a foundation for the development of a cannabis breath analyzer that is similar to the breathalyzers used to test for alcohol in an individual’s breath. The lab device has been designed to detect the presence of THC and measure its concentration in a solution. The researchers reported their findings in the “Organic Letters” journal. They stated…

MondayOct 24, 2022 4:20 pm

420 with CNW — Biden’s Marijuana Pardons Could Give State Legalization Drives a Boost

President Joe Biden announced that he was granting pardons to all individuals convicted on minor federal marijuana possession charges; ex-convicts on such charges would also have their criminal records expunged. President Biden also asked governors to take similar steps regarding state-level cannabis offences. In addition, the president asked the U.S. Department of Justice and the U.S. Department of Health & Human Services to expeditiously review the scheduling of marijuana in the 1970 Controlled Substances Act. These actions of the head of state come at a time when the country is gearing up for midterm elections in a few weeks, and…

MondayOct 24, 2022 12:00 pm

REZYFi, Inc. Helps Cannabis-Related Businesses Succeed in California Through Alternative Finance Success

The global cannabis market is expected to reach $27.7 billion in 2022, growing at a CAGR of 24.3% through 2027, resulting in an anticipated value of $82.3 billion during the forecast period REZYFi is positioned as one of the first cannabis mortgage bankers in the United States, using its experience, independent network of brokers, and proprietary technology, to expand alternative financing options in the industry The company is currently licensed in 36 states with plans to expand in the future California began paving the way for cannabis-related businesses in 1996 when voters passed the Compassionate Use Act, legalizing the medicinal…

MondayOct 24, 2022 9:00 am

Advanced Container Technologies Inc. (ACTX) Leaders Talk Game-Changing Microfarm Growing Option on Episode of Leading Podcast

ACTX CEO Doug Heldoorn, Grow Pod inventor Shannon Illingworth discuss the innovative microfarm option on recent Gamechangers LIVE podcast Discussion focuses on history of company, significant health and safety benefits of Grow Pods Company is dedicated to developing, manufacturing and selling advanced cultivation equipment and packaging systems Advanced Container Technologies (OTC: ACTX) chair and CEO Doug Heldoorn was a featured guest on a recent episode of the Gamechangers LIVE podcast (https://cnw.fm/3xv5t). Heldoorn was joined by Shannon Illingworth, inventor of Grow Pods, the microfarm containers that ACTX distributes throughout the United States. During the podcast, the two men discussed the origins…

MondayOct 24, 2022 4:20 am

420 with CNW — New Data Shows That Less Than 10% of Canadian Marijuana Licensees Exited Growing Industry

New data from the Canadian government shows that less than 10% of federal marijuana license holders have left the market since the plant was legalized in 2018. This data suggests that industry forecasts of a decrease in marijuana producers in the market has not occurred, as new entries into the hypercompetitive market surpass those exiting by a wide margin. The new data was released as part of the Canadian government’s engagement paper for the Cannabis Act review. The public engagement paper also asks questions relevant to the industry to help gather feedback; that feedback will be used by the government…

FridayOct 21, 2022 4:20 pm

420 with CNW — How President Biden’s Marijuana Directives Could Affect the Industry

After about 50 years of legally sanctioned prohibition in the United States, marijuana has reached a pivotal moment that could rewrite the industry as it currently stands. Earlier this month, President Joe Biden directed the relevant federal agencies to conduct an exhaustive review into the scheduling of cannabis in the Controlled Substances Act. That directive has set in motion a process that could end in one of an endless list of possible outcomes, and only the most foolhardy of “analysts” can authoritatively predict what the outcome will be. For example, the review process could recommend a continuation of the status…

FridayOct 21, 2022 4:20 am

420 with CNW — Senator Believes Marijuana Reforms Can Still Be Passed During Lame-Duck Congressional Session

Senator Cory Booker has revealed that there is a chance that some marijuana policy reforms, such as social justice and cannabis banking reforms, can still be approved by Congress during the session coming just after the November elections and before a new House takes office. He was quick to add that such an opportunity may be harder to get in case Republicans wrest control of either the House of Representatives or Senate out of the control of the Democrats. The senator made these remarks during an interview with a New Jersey-based media outlet called NJ.com. Booker said that Congressional leadership…

ThursdayOct 20, 2022 4:20 pm

420 with CNW — Michigan Hits New Marijuana Sales Record in September

New data from the state of Michigan shows that for the third time this year, the state has broken a new record in its cannabis sales. Sales data from September shows that the state raked in $212 million from both medical and adult-use marijuana sales. This figure is $17 million higher than the state’s April sales and roughly $2 million higher than the state’s July sales. The data shows that the majority of the cannabis purchases for both recreational and medical use were for flower products. It also demonstrated a continuation of a sales trend in the state’s cannabis market,…

ThursdayOct 20, 2022 4:20 am

420 with CNW — New York Legislator Calls for Research on Determining Marijuana Impairment

As New York State works feverishly to ensure that recreational sales of marijuana are launched on schedule, a leading lawmaker, Crystal Peoples-Stokes, is concerned that at the moment, there is no surefire way to ascertain that someone has consumed marijuana and is impaired. Peoples-Stokes is the majority leader in the state assembly, and she was pivotal in getting the legalization law passed. She revealed that concerns about finding ways to determine impairment was part of the reason why the bill (now law) had provisions stipulating that 20–25% of the tax revenue generated from recreational marijuana sales should go toward conducting…

WednesdayOct 19, 2022 4:20 pm

420 with CNW — Nationwide Survey Data Shows Majority of Americans Support Cannabis Policy Reform

We have seen interest in cannabis increase these last few years, with new survey data showing that some three of four Americans, including majorities of Democrats, Republicans and Independents, are in favor of changing marijuana’s classification under federal law. Currently, 37 states and the District of Columbia have legalized the medical use of marijuana while 19 states have legalized its recreational use. Despite this, cannabis remains classified under Schedule I of the federal Controlled Substances Act with harmful drugs such as heroin. Drugs under this categorization have no currently accepted medical use in treatment and are thought to have a…

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