NewsRoom Articles - Page 276 of 603

TuesdayApr 27, 2021 4:20 am

420 with CNW — Tips for Getting a Cannabis Business Ready for GMP Certification

With the Democrats currently holding the Senate, House and White House, advocates have their hopes high that the federal government will legalize cannabis. If that were to happen, businesses in the cannabis space would have to deal with a myriad of regulations that legal businesses in other industries have been dealing with all along. For instance, if the federal government legalizes cannabis and allows national and global sales, companies in the space will have to adhere to Global Manufacturing Practices (“GMP”). GMP is a set of cleanliness and safety protocols that manufacturers of consumer packaged goods are required to follow.…

MondayApr 26, 2021 4:20 pm

420 with CNW — Is Regulating Cannabis by Potency a Good Move?

As more and more states legalize cannabis in the United States, a debate on whether to regulate cannabis by its potency also appears to be gaining steam. Generally, many states that have legal cannabis markets base their tax on weight or sales price. However, the state of New York signed a legislation in March, under which recreational cannabis will be taxed based off its THC amount. For those who may not be familiar with THC, this is the primary intoxicating chemical in marijuana. When the state of Illinois began recreational cannabis sales in 2020, it also enacted a potency-related tax.…

MondayApr 26, 2021 2:17 pm

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) Is ‘One to Watch’

Red White & Bloom considers itself a super state operator (not a multi-state operator), as it goes in with a sizable footprint and dominates the areas in which it operates before expanding The company currently operates, has cannabis assets in, or is in the process of closing cannabis assets in Michigan, Illinois, Florida, California, Oklahoma and Massachusetts Red White & Bloom is always looking to acquire new brands that will help to expand its brand awareness and advance its mission The company has established a major presence in Michigan through its investee, which has a total of 18 dispensaries and…

MondayApr 26, 2021 4:20 am

420 with CNW — Medical Cannabis Firm Sues Oklahoma over Tracking System

A DR Z Leaf dispensary in the state of Oklahoma recently filed a suit in an attempt to stop the execution of a cannabis tracking program in the coming weeks. The litigation, which was filed by the medical cannabis operator, also disputes whether the state’s Department of Health is operating ultra vires by implementing the seed to sale system and making it mandatory for more than 10,000 medical marijuana businesses to pay for it. The business filed the suit in the District Court of the Okmulgee County last week and questions the legality of the contract between Metrc, an organization…

FridayApr 23, 2021 4:20 pm

420 with CNW — Latest Pew Survey Shows Overwhelming Support for Cannabis Legalization

The past few years have seen more and more states pass legislation legalizing recreational and medical cannabis. Presently, 36 states have legalized medical cannabis, 17 have legalized the use of recreational cannabis, and 13 states, including the U.S. Virgin Islands, have decriminalized recreational use. A large swathe of America is clearly behind legalizing and decriminalizing marijuana, and a new survey by Pew Research Center has the numbers to prove it. Conducted from April 5–11 this year, the survey found that 60% of Americans who are of age support both recreational and medical cannabis while 30% support only medical use. Only…

FridayApr 23, 2021 9:48 am

Grapefruit USA Inc. (GPFT) Launches E-Commerce Site Featuring Gamechanging Hourglass CBD Cream

GPFT offers convenient, one-stop shop for line of CBD-only-derived version of patented Hourglass cream Consumers can only find Hourglass-powered, CBD-derived Grapefruit products from Grapefruit or its authorized agents Patented Hourglass technology differentiates Grapefruit products from other in the CBD space In a world where convenience is a priority and sought-after products are only a click away, Grapefruit USA (OTCQB: GPFT) has unveiled a new line of hemp-derived, CBD-only products and launched a new U.S. e-commerce website to ensure the line is easily accessible (https://cnw.fm/guMcL). The new site will serve as the online home for Grapefruit’s growing portfolio of Hourglass(TM) CBD…

FridayApr 23, 2021 4:20 am

420 with CNW — California Cannabis Firms Can No Longer Advertise on Billboards after Latest Court Ruling

Although the state-legal cannabis industry is insanely lucrative, cannabis businesses have a lot stacked against them. From lack of access to banking services to being banned from advertising on most channels, companies in the cannabis space have to take great care not to run afoul of the countless laws that govern legal cannabis markets. In California, marijuana businesses were dealt a major blow last November after a court ruled that they weren’t allowed to advertise on billboards along all interstate and state highways crossing the state’s border. Judge Ginger Garrett of the San Luis Obispo County Superior Court made the…

ThursdayApr 22, 2021 4:20 pm

420 with CNW — Idaho House Rejects Constitutional Amendment to Ban Cannabis Legalization

A bill that would have hindered the legalization of cannabis and other substances without the approval of two-thirds of the state’s legislature was rejected in Idaho last week. The proposed amendment, which had already been cleared in the Senate, did not attain the 47 votes it needed to be approved in the House. If it had attained the two-thirds majority needed, voters in the state would have had the chance to vote on it next year. During the two-hour debate held before voting, legislators in the House, a majority of whom are Republicans, disagreed on two themes: the damage cannabis…

ThursdayApr 22, 2021 4:20 am

420 with CNW — US Congress Passes Marijuana Banking Bill

Earlier this week, Congress approved the SAFE Banking Act, a law that would make it possible for financial institutions such as banks to conduct business with cannabis companies that are licensed in states which allow marijuana for either recreational or medical use, or both. This law is intended to remove the fear banks have of being penalized by federal authorities since marijuana is currently illegal at the federal level. The legislators in the House of Representatives passed the bill in a 321-101 vote, and now the bill will be sent to the U.S. Senate for consideration. The bill provides clarification…

WednesdayApr 21, 2021 4:20 pm

420 with CNW — Study Finds Illinois Was Fifth-Top Cannabis Tax Earner in 2020

A study that was carried out recently found that in 2020 the state of Illinois generated $175 million in cannabis sales tax, which is the fifth-highest amount in the country. This amount makes up 0.4% of the state’s total 2020 revenue. At the moment, 16 states across the nation have now fully legalized cannabis, with 11 of these imposing retail sales taxes on cannabis and cannabis products. The study, which was released by the U.S. Drug Test Centers, also found that youth and adult usage of cannabis grew in the past year. The state of Illinois had initially awarded 75…