NewsRoom Articles - Page 284 of 541

MondayApr 20, 2020 4:20 pm

420 with CNW – How Criminalizing Marijuana is Undermining COVID-19 Response Efforts

The Coronavirus crisis has shown just how unprepared we all were for a pandemic. To be fair, though, the last time we faced something quite like this was 100 years ago. The most we can do now is try to mitigate the spread of the virus and pick up the pieces when we emerge on the other side. At the moment, the federal and state governments have implemented various policies to help flatten the curve and reduce the virus's impact. These range from promoting self-isolation and social distancing to closing down all but the most essential businesses. However, according to…

MondayApr 20, 2020 12:11 pm

The Economic Cost of Not Legalizing Marijuana in the U.S.

The possible benefits of states legalizing marijuana are clear from tax revenues collected by states that have legalized it. Besides increased revenues, legal marijuana provides jobs all through the value chain. Failure to legalize weed creates bottlenecks that impede the full exploitation of the potential benefits the marijuana industry affords the economy. Prohibition also causes governments to spend money on enforcement. The following are some details on what the U.S. is losing, and the good marijuana revenue can do. How much is the U.S. losing each year by opposing marijuana legalization? According to research, the Federal Government lost $25.64 billion…

MondayApr 20, 2020 4:20 am

420 with CNW – Recreational Cannabis Advocates in Massachusetts Launch Legal Challenge Against “Non-Essential” Categorization During Lockdown

No one would ever have thought the new decade would dawn like this. Three months into the year, a novel Coronavirus that originated from Wuhan, China has infected over 2 million people and claimed at least 120,000 lives. Experts say the virus could end up infecting over 70% of the world's population. Once the gravity of the situation settled in, governments were scrambling to prevent the virus from spreading within their borders. One by one, they ordered lockdowns, requiring people to stay indoors unless they absolutely have to leave, and all but the most essential businesses have had to shut…

FridayApr 17, 2020 4:20 pm

420 with CNW – Medical Marijuana Jobs in Pennsylvania Remain Unfilled as Industry Booms

The effects of the Coronavirus pandemic will likely be felt for years to come. Experts say the virus may end up infecting up to 70% of the world's population, and we may need to have sporadic lockdowns till 2022 to completely eradicate it. It's safe to say that shutting down most businesses and essentially slowing down consumer spending has had a catastrophic effect on the economy. With most industries feeling the strain, a lot of businesses have had to let some of their staff go. A record 6 million people filed for unemployment, raising the number of unemployed Americans filing…

FridayApr 17, 2020 11:34 am

Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) Releases New High-CBD, Low-THC Gummies Designed to Address Pain, Stress and Anxiety

Plus Products releases PLUS CBDRelief brand into the California adult-use market New product line currently includes two products: PLUS CBDRelief 9:1 Tropical Mango and PLUS CBDRelief 18:1 PLUS CBDRelief products specifically formulated to help reduce chronic subclinical inflammation, provide full-body relief and promote a calm state of mind With its gummy products consistently ranking tops in California, the world’s largest cannabis market, Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) is focusing its current efforts on maintaining its best-selling spot as well as expanding market share in a category that has historically remained underserved. PLUS plans to accomplish both with the launch…

FridayApr 17, 2020 4:20 am

420 with CNW – COVID-19 Reshapes the Marijuana Industry’s Long Term Outlook

Three months after the Coronavirus first appeared in Wuhan, China, it has infected over 2 million individuals and claimed at least 130,000 lives worldwide. Experts say more than 70% of the world's population may end up infected with the virus, and that we may have to practice social distancing in sporadic periods until 2022 to make sure it is completely eradicated. It's safe to say the pandemic isn't going away any time soon. To help curb the spread, most governments have ordered lockdowns, requiring people to self-isolate and all but the most essential businesses to shut down. This has been…

ThursdayApr 16, 2020 4:20 pm

420 with CNW – Coronavirus Outbreak Casts Doubt on Cannabis Legalization Plans in Mexico

The Coronavirus pandemic has without a doubt thrown the world into a panic and confusion not seen since the Spanish flu. With over 2 million people infected worldwide and more than 100,000 lives lost, the situation is clearly dire, and governments across the globe have been scrambling to prevent a global catastrophe. This has mainly consisted of passing measures to encourage social distancing and self-isolation. In the U.S., cannabis has been deemed essential by most states with legal marijuana programs, thus allowing the industry to keep operating during the lockdown. However, the pandemic has led to the cancellation of global…

ThursdayApr 16, 2020 12:14 pm

The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Sends First Shipment of Premium Medical Cannabis to Israel

Shipment of medical cannabis to Israel represents a new international revenue opportunity for Supreme Cannabis Truverra-branded product will be sold through Israel’s largest and leading producer of medical cannabis and cannabis product The cannabis was grown at Supreme Cannabis’ premium, indoor, hybrid cultivation operation located in Ontario The Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1), a company dedicated to growing the world’s best cannabis and becoming a leader in the global cannabis industry, completed a landmark shipment of medical cannabis from Canada to Israel. The shipment contained Supreme Cannabis’ premium medical cannabis product, which will be sold…

ThursdayApr 16, 2020 4:20 am

420 with CNW – 5 Welcome Trends for Cannabis Amid Coronavirus Pandemic

The past few weeks haven't been easy for most industries, starting as soon as parts of China started locking down to curb the spread of the Coronavirus. It quickly became apparent that a lot of industries rely on China for cheap raw materials, and as factories slowed down manufacturing in the country, most industries were faced with supply chain disruptions. At the moment, the virus has infected over 1.9 million people and claimed at least 120,000 lives. Governments have been scrambling to flatten the curve, but most of the Coronavirus measures have wreaked havoc on the economy. However, one industry…

WednesdayApr 15, 2020 4:20 pm

420 with CNW – Virginia Governor Signs Marijuana Decriminalization Bill

Marijuana's journey from prohibition to partial acceptance by some states has been long and difficult. Currently, dozens of states have medical marijuana programs, and even fewer allow adult recreational use within their borders. Still, the number is slowly growing, as evidenced by the numerous drug reform campaigns prior to the Coronavirus pandemic. Virginia joins the list after the Governor announced on Sunday that he had approved a bill to decriminalize marijuana possession. It was passed by legislators and transmitted to his desk in March, and it would make possessing up to one ounce of cannabis punishable by a $25 fine…