NewsRoom Articles - Page 299 of 591

TuesdayNov 03, 2020 4:20 pm

420 with CNW — How to Maximize Cannabis Business ROI

After decades of prohibition, cannabis is finally legal in at least 30 U.S states. Although cannabis’s legal landscape still needs plenty of work, the industry has proven to be insanely profitable, with states bringing in millions from cannabis tax revenue. Even as the coronavirus pandemic rages on, slowing down commerce and causing catastrophic damage to the economy, the cannabis sector has set monthly sales records. Experts project the cannabis sector, which is currently one of the fastest-growing industries in the country, will achieve revenues of more than $30 billion by 2024. However, that doesn’t mean every business that joins the…

TuesdayNov 03, 2020 4:20 am

420 with CNW — NJ Recreational Pot Sales Could Start Within Weeks, Senator Suggests

Sales in the state of New Jersey are projected to increase quickly if voters approve a cannabis legalization referendum on their ballots in the coming week. A plan unveiled by a top lawmaker would even allow the already existing medical cannabis dispensaries in the state to start selling to adults aged 21 years and above within a month of the election. Nick Scutari, chairman of the state Senate Judiciary Committee, stated in an interview that the most important thing would be to allow people to purchase legal marijuana immediately. However, those who would prefer to grow their marijuana at home…

MondayNov 02, 2020 4:20 pm

420 with CNW — DEA Seeks Contractor with Capacity to Burn Tons of Cannabis Daily

Recently, the Drug Enforcement Administration (“DEA”) reached out for help to assist in burning about 1,000 pounds of cannabis per hour for eight hours straight. Each year, the DEA seizes tons of raw marijuana and millions of cannabis plants, which are usually destroyed. The contractor that performs this is responsible to oversee the burning of cannabis as well as other controlled substances that have been confiscated as evidence in drug cases. The DEA stated that it would inspect the incinerator used in the process to ensure that no drug residue remained. The work description was posted earlier this month in…

MondayNov 02, 2020 4:20 am

420 with CNW — Outdoor Marijuana Growers in California to Label Products According to Region

In September, California Governor Gavin Newsom signed into law four bills affecting the state’s cannabis industry. One of those bills, dubbed Senate Bill 67, allows outdoor cannabis growers to brand and market their products by highlighting where and how those products are produced. As long as the cannabis products come from cannabis plants cultivated in the ground, or were grown without the use of a structure and without the use of artificial lighting in the canopy area, they can claim an “appellation of origin.” This means that if cannabis farmers in California grow cannabis in the ground without any artificial…

FridayOct 30, 2020 4:20 pm

420 with CNW — Massachusetts Regulators Make Bold Decision on New Delivery Businesses

Although the state of Massachusetts allows the delivery of both medical and recreational marijuana, creating a system for delivering adult-use marijuana has proven to be quite a challenge. Recently, state marijuana regulators announced that they will be moving forward with plans to allow a new class of cannabis delivery business. The move has been met with both praise and criticism from stakeholders. On Oct. 20, the state’s Cannabis Control Commission (“CCC”) approved some changes to its draft regulations, allowing standalone cannabis retailers without storefronts to deliver products to customers’ homes. This comes a year after the state allowed the delivery…

FridayOct 30, 2020 4:20 am

420 with CNW — Study Discovers Cannabis Use Disorder Has Biological, Genetic Foundation

A global study that investigated the predisposition of individuals to cannabis use disorder has determined a link between a region of DNA near the FOXP2 gene and cannabis use disorder (“CUD”), previously associated with risk-taking behavior. A press release notes that researchers from the Washington University School of Medicine studied DNA and other data from about 360,000 individuals who did not have a CUD diagnosis and 21,000 individuals who were diagnosed with CUD. The research team determined two regions in human DNA — the CHRNA2 gene, which has previously been associated with nicotine addiction and CUD, and the FOXP2 gene.…

ThursdayOct 29, 2020 4:20 pm

420 with CNW — Senators Say DEA Rule on THC Content of Hemp Contravenes Congressional Intent

In August, the Drug Enforcement Administration (“DEA”) unveiled proposed rules that would officially put the agency in line with the 2018 farm bill. The legislation legalized the cultivation and sale of industrial hemp and its extracts, allowing farmers across the country to grow hemp under state and tribal programs. However, the federal agency’s interim final rule on hemp has been met with resistance from activists who argue it contradicts the 2018 farm bill and will hamper the growth of the nascent hemp industry. Last week, a pair of Oregon senators sent a letter to the DEA demanding changes to its…

ThursdayOct 29, 2020 4:20 am

420 with CNW — Possible Voting Outcomes on November Marijuana Measures

In less than a week, Americans across the country will mail in their ballots or visit local voting stations to determine the direction the United States will head in the near future. Apart from focusing on the presidential race and senate runs, you should also pay attention to the cannabis legalization votes, which will be happen in five states. Polls may not be accurate, and reality tends to escape theory sometimes, but we’ve laid out a few predictions for the marijuana legalization votes in the five states. Arizona This will be the second time voters from the state will vote…

WednesdayOct 28, 2020 4:20 pm

420 with CNW — Montana Supreme Court Throws Out Case Against Marijuana Legalization Measure

On Wednesday, Oct. 21, the Montana Supreme Court rejected a lawsuit against a marijuana legalization initiative appearing on the state’s November ballot. Sponsored by the New Montana approach, the initiative would establish a legal cannabis market for adults in the state. But as the elections drew closer, the initiative was challenged by Wrong for Montana, an organization arguing that, because the initiative involves appropriating funds, it violates state statute on citizen initiatives. “We have prepared this lawsuit, and we are in the process of filing it,” said Steve Zabawa of Wrong for Montana (WFM). He cited article III, section IV…

WednesdayOct 28, 2020 12:10 pm

Pac Roots Cannabis Corp.’s (CSE: PACR) Strategic Business Model Anchors Company in Growing Cannabis Market

Sales of legal adult-use cannabis in Canada grew by 5.2% from July to August, reaching monthly total of CA$244.9 million PACR committed to preserving excellence of elite strains while introducing highest-quality new strains Strategic approach has allowed company to be cash-flow positive within first year of trading With the recent news that Canadian cannabis sales in August reached nearly CA$245 million (https://cnw.fm/EC7Ow), Pac Roots Cannabis Corp.’s (CSE: PACR) mission to deliver the finest cannabis genetics to Canadians seems particularly well timed. A Canadian company, PACR is dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach. According to “Marijuana Business…

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