NewsRoom Articles - Page 306 of 591

TuesdaySep 29, 2020 4:20 pm

420 with CNW – Marijuana-Infused Products Are Not Attracting New Consumers, Survey Finds

According to a survey that was released earlier this week (on Tuesday), new marijuana users make up about a quarter of all legal Canadian cannabis consumers. However, many seem to be shying away from cannabis-infused products, which were created for the sole purpose of drawing in more consumers into the market. This survey, which was conducted by the Brightfield Group, had 3,000 Canadian marijuana users participate in the survey. They discovered that new marijuana consumers, including those who began consuming marijuana after the drug was legalized in 2018, account for 25% of legal marijuana purchases in the year’s second quarter.…

TuesdaySep 29, 2020 4:20 am

420 with CNW – Coin Shortage Worsens Payment Challenges in Marijuana Industry

The cannabis industry has come pretty far from the days of universal prohibition, but the industry still faces a couple of major setbacks. Chief among them is a lack of access to banking and cashless payment services. Although numerous states have legalized either medical or recreational cannabis, it still remains illegal at the federal level and banking institutions avoid working with cannabis businesses in fear of retaliation from the federal government. The coronavirus pandemic hasn’t made it easier; with the government advocating for cashless payments to reduce the spread of the virus, it has become clear just how much the…

MondaySep 28, 2020 4:20 pm

420 with CNW – Vermont Marijuana Policy Reform Bills Sent to Governor’s Desk

A proposal to legalize cannabis sales in Vermont and another one that provides automatic expungements for marijuana convictions have been pushed to the governor’s desk after a final Senate vote was conducted on Tuesday. The state Senate approved the negotiated legislation with a 23-6 vote after the House of Representatives had approved it. In 2018, Vermont legalized the cultivation of 2 marijuana plants and possession of a maximum of 29 grams of marijuana. However, no regulations that allow retail sales were put in place. The governor of Vermont, Gov. Philip Brian Scott (R) has yet to explicitly confirm or deny…

MondaySep 28, 2020 4:20 am

420 with CNW – Legal Marijuana Now Party Meets Requirements for Official Registration in Nebraska

For the past six years, Mark Elworth Jr. has been working on forming a party to support marijuana legalization in Nebraska. As the November 2020 election approaches, he figures he’s collected enough signatures over the years to make the Legal Marijuana Now Party official. The party was established in 1998 as an off-shoot of the Grassroots-Legalize Cannabis Party to oppose drug prohibition. Although it shares many of the same progressive values as the Farmer-Labor Party, it mostly focuses on hemp and marijuana legalization issues. Back in 2014, Elsworth turned in the petition to officially register the party but came up…

FridaySep 25, 2020 4:20 pm

420 with CNW – How to Be an Eco-Friendly Marijuana Consumer

There are various ways to consume marijuana. Unfortunately, most of these consumption methods create waste. According to an EPA report from July 2018, Americans recycle almost 34.7% of waste. Up until January of this year, the United States exported roughly half of that plastic waste overseas to be recycled. Since China stopped accepting foreign waste for recycling, millions of tons of recyclable waste may end up in the ocean or landfills this year. However, PL28, a company actively involved in cleaning up plastic from the oceans and converting it into packaging for the marijuana industry may have a way out…

FridaySep 25, 2020 12:42 pm

Pac Roots Cannabis Corp. (CSE: PACR) Leverages Expertise, Resources to Establish Dominant Position in Growing Cannabis Market

Legal marijuana market set to top more than $90 billion by 2027 Pac Roots places top priority on developing, delivering finest cannabis genetics Optimized farming systems employed in most fertile areas means maximum opportunity for harvest After experiencing a few roadblocks over the last year, the cannabis sector looks to be picking up speed. In fact, a recent Data Bridge Market Research study reports that the global legal marijuana market should top more than $90 billion by 2027 (https://cnw.fm/lUN0y). Pac Roots Cannabis (CSE: PACR), a Canadian company dedicated to producing premium-quality strains and products by leveraging a genetics-focused approach, has taken…

FridaySep 25, 2020 4:20 am

420 with CNW – Carbon: The Unsung Hero in Cannabis Growth and Yield

Up to 60% of the adult human body is composed of water and for human beings to survive, we need to take an adequate amount of water regularly. Plants are no different. Made primarily of carbon, cannabis plants also require plenty of carbon to thrive but if you ask most people what kind of nutrition plants need, they are more likely to mention “NPK”, “CalMag, or “micronutrients”. However, these elements make up no more than 10% of the composition of most plants and while they are beneficial, they do not provide everything the plant needs. For cannabis growers, the most…

ThursdaySep 24, 2020 4:20 pm

420 with CNW – Recreational Cannabis Sales Increase Rapidly in Canada

In July, sales of adult-use marijuana in Canada were recorded at CA$231 million, which is a 15.2% growth. The retail sales, which equate to $175.6 million, beat the previous months’ sales record of CA$201 million ($151 million). This shows that the annual Canadian cannabis market may be worth about CA$2.8 billion ($2.1bn). Statistics Canada reported last Friday that the monthly sales of regulated recreation marijuana had increased in all Canadian provinces. Ontario, which is the largest province with regard to population, recorded a 23.5% increase in monthly sales, which translates to CA$60.3 million ($45.3million). This increase comes after Ontario’s marijuana…

ThursdaySep 24, 2020 4:20 am

420 with CNW – Massachusetts Cannabis Dispensary Claims Regulatory Delays Cost Them Millions

A cannabis dispensary based in Massachusetts is claiming that the state’s inability to act on its application for over eight months has cost it millions of dollars. On September 14, Northeast Alternatives filed a lawsuit in the Suffolk Superior Court asking the court to instruct the Cannabis Control Commission to act on its application for a cultivation facility. In its complaint, the company stated that it submitted an application to the state in June 2019 for a second cultivation facility in Lakeville to supplement its cultivation, manufacturing, and dispensary operations in Fall River. The dispensary says that it received five…

WednesdaySep 23, 2020 4:20 pm

420 with CNW – House Vote to Federally Legalize Marijuana Postponed

A congressional vote on a measure to legalize marijuana that was to be carried out in this week will no longer take place. This comes a fortnight after Majority Leader Steny Hoyer said that the vote was being planned for the week of September 21. Hoyer stated that the MORE Act remained an important part of the House Democrats’ plan that advanced criminal justice reform and addresses systemic racism. He added that they are committed to making sure the House votes on the bill before the year’s end. However, at this time, the House is focused on addressing the coronavirus…