NewsRoom Articles - Page 307 of 606

WednesdayDec 09, 2020 4:20 am

420 with CNW — Congress Passes Bill Decriminalizing Marijuana

After decades of prohibition and harsh anti-cannabis policing, the House of Representatives has passed landmark legislation that would decriminalize cannabis federally. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which was introduced by House Judiciary Committee Chair Jerrold Nadler last July, seeks to repair some of the damage caused by the decades-long war on drugs. The bill would delete marijuana from the Schedule I Class of controlled substances in addition to expunging the records of those with prior nonviolent, cannabis-linked convictions. In the House, the bill ultimately passed along party lines, with 222 Democrats, 5 Republicans, and one Libertarian voting…

TuesdayDec 08, 2020 4:20 pm

420 with CNW — How to Select a Delivery Service for Your Medical Marijuana

Delivery services have proliferated during the coronavirus pandemic as a result of the many restrictions imposed in a bid to contain the deadly virus. Marijuana delivery has not been left behind, with the substance becoming more accessible in many parts of the country. However, because this service is a little difficult to maneuver and new to the industry, there are a few things to consider when choosing a delivery service that works for you, while keeping laws on marijuana delivery in mind. Determine if they accept debit/credit cards While some states may limit marijuana sales to cash, delivery services where…

TuesdayDec 08, 2020 11:55 am

HempFusion Wellness’ Winning Product Line, Distribution Formula Signals Successful IPO

HempFusion poised for IPO on Toronto Stock Exchange Company expects to raise $17 million in public markets debut Product portfolio of 46 products Products currently sold in more than 4,000 retail locations across 50 states with a 26,000-store pipeline Hemp-based CBD market expected to reach $22 billion by 2022 If there was ever a winning prescription for a successful initial public offering (“IPO”), HempFusion Wellness seems to have found it. The Denver-based provider to the health and wellness CBD market has a comprehensive product line that appears to meet the needs of anyone between 9 and 90. Its extensive distribution…

TuesdayDec 08, 2020 4:20 am

420 with CNW — Which States Could Pass Marijuana Legalization in 2021?

The success of ballot measures in New Jersey and Arizona last month that saw the legalization of recreational cannabis could have set in motion a wave that may see nearby states also giving the nod to adult-use marijuana. Pennsylvania, New York, Maryland, Connecticut and New Mexico are some of the states that could be spurred on to pass recreational cannabis laws or ballot measures soon due to what has happened next door to them. For example, the legalization of recreational cannabis at the ballot box in New Jersey may stoke the winds of change in Pennsylvania and New York as…

MondayDec 07, 2020 4:20 pm

420 with CNW — UN Votes to Remove Marijuana from Schedule IV Drug Classification

The United Nations Commission on Narcotic Drugs held a vote last week that focused on a few WHO recommendations associated with marijuana. One of these recommended that medical marijuana be taken off the Single Convention on Narcotic Drugs (1961) Schedule IV list. The list contains other drugs such as fentanyl, cocaine and heroin. The FDA has a similar drug schedule that classifies various drugs into different groups based on their risk of harm or abuse. These classifications were released under the Controlled Substance Act of 1970 that was passed when the war on drugs was at its peak. In this…

MondayDec 07, 2020 4:20 am

420 with CNW — Groundbreaking Study Finds CBD Doesn’t Cause Driver Impairment While THC’s Impact Fades Quickly

A landmark study has found that cannabidiol (CBD) doesn’t trigger driver impairment when taken in small doses while the impairment caused by THC fizzles out in just a matter of hours. The researchers based at Sydney University in Australia concluded that when drivers consume small amounts of THC, which trigger intoxication similar to that experienced by an individual who takes alcohol resulting in a 0.05 percent blood alcohol level, the impairment of their driving competence faded within four hours after consumed the dose of marijuana. This study comes at a time when many people are concerned about the likely effects…

FridayDec 04, 2020 4:20 pm

420 with CNW — State Officials in California Announce Great Cannabis Sales

Recent data on cannabis sales in the state of California shows that sales have been doing well despite the pandemic situation. The California Legislative Analyst’s Office (LAO) released a report this week noting that sales figures recorded during summer and revised numbers from 2019 show that the market has grown. This trend has also been observed in various states that have legalized marijuana such as Oregon and Illinois. LAO estimates that the state of California gathered nearly $41 million of cannabis cultivation fees and $160 million in cannabis tax revenue in the July–September quarter of the 2020/2021 fiscal year. The…

FridayDec 04, 2020 10:30 am

CannAssist International Corp. (CNSC) Is ‘One to Watch’

In July 2020, CannAssist International became among the first U.S.-based CBD companies to have its securities listed for trading onto a U.S. public capital market Xceptor Labs uses proprietary technology to create CBD products that it believes have better absorption than currently marketed oil-based products The company currently has five creams that utilize ingredients with National Drug Codes that are registered with the FDA The company’s Xceptol line of topical pain cream products, formulated using its proprietary CiBiDinol technology, was launched in September 2020. The company has since added capsules and, very soon, tinctures and pet drops The company’s marketing…

FridayDec 04, 2020 4:20 am

420 with CNW — NJ Court Tells Marijuana Regulators to Revise Licensing System

In December 2018, the New Jersey Department of Health issued six new medical cannabis licenses, effectively doubling the state’s medical-marijuana program. Gov. Phil Murphy had called for the expansion of New Jersey’s medical cannabis program, resulting in the addition of 20,000 medical cannabis patients. The six vertically integrated dispensaries were meant to beef up the state’s supply of high-quality marijuana as existing dispensaries were struggling to meet the increased demand. However, a group of seven applicants whose license applications were rejected sued the state, arguing that the system used to issue licenses was riddled with irregularities. Joshua Baucher, an attorney…

ThursdayDec 03, 2020 4:20 pm

420 with CNW — How the South Dakota Criminal Justice Sector Could Be Impacted after Cannabis Legalization

Drug reform was one of the biggest winners of the November ballot. Several states legalized either recreational or medical cannabis, with Oregon going a step further and decriminalizing all drugs. In South Dakota, voters approved two cannabis ballot initiatives: Amendment A, a constitutional amendment that will allow people aged 21 and older to possess and distribute up to an ounce of cannabis, and Measure 26, a medical cannabis initiative that would allow patients with debilitating conditions to possess and purchase up to three ounces of cannabis from a licensed dispensary. The measure to legalize recreational use will become law on…