NewsRoom Articles - Page 323 of 596

WednesdayJul 22, 2020 4:20 am

420 with CNW – Meta Study Finds CBD Could Treat Cocaine Addiction

For the past couple of years, there has been mounting interest in the medical abilities of cannabidiol (“CBD”), a cannabinoid produced by the cannabis plant. This was compounded by the 2018 Farm Bill which legalized industrial hemp and its derivatives and pushed CBD even more into the mainstream. The cannabinoid is said to be effective against a wide range of medical conditions, ranging from certain forms of epilepsy, chronic pain, anxiety, and depression. A growing body of research has also found that cannabidiol can help treat cocaine addiction. In a new meta-study, scientists analyzed 14 studies from the past five…

TuesdayJul 21, 2020 4:20 pm

420 with CNW – Montana Activists Say Cannabis Reform Measures Will Be on November Ballot

When the coronavirus pandemic struck, there were tens of marijuana legalization initiatives in states across the country. However, social distancing and self-isolation orders made signature collection virtually impossible and as a result, states such as New York and Idaho have had to postpone their legalization efforts until next year and beyond. Montana, on the other hand, is on track to putting marijuana reform on the ballot this November. On Friday, marijuana activists in the state that based on both county-level signature validation as well as their own verification process, said they were surer they had collected enough signatures to qualify…

TuesdayJul 21, 2020 10:03 am

2nd Annual New Heights Canna-Tourism Summit Goes Virtual

Day-long virtual event to feature experts, owners and operators who are driving tourism business in the cannabis space during this time of disruption. On Wednesday, July 29, 2020, the tourism and cannabis industries will come together for the second year in a new format online, introducing the 1st Virtual New Heights Canna-Tourism Summit. In partnership with the Tourism Industry Association of Ontario (TIAO), the one-day, ground-breaking virtual event will give attendees the opportunity to meet key players, tourism companies, cannabis companies, and potential partners to learn about how to build and market a cannabis tourism product. “The tourism industry has…

TuesdayJul 21, 2020 4:20 am

420 with CNW – BLM Protests Give Marijuana Legalization Efforts Added Impetus

It's a known fact that people of color have been unfairly targeted in the War on Drugs. Although folks of all races are likely to buy and consume marijuana, people of color ("POC") are policed more aggressively and are more likely to have more punitive measures taken against them. And as protests against police brutality rage on countrywide, it’s become very clear that for POC, routine police stops are a matter of life and death. In Georgia, for instance, strict drug laws encourage police officers to search for drugs during otherwise routine interactions such as traffic stops. According to Georgia…

MondayJul 20, 2020 4:20 pm

420 with CNW – New Jersey Governor Convinced Marijuana Legalization Key to Coronavirus Economic Recovery

The coronavirus crisis has dealt the economy a blow it will take years to recover from. Industries that were especially hit by shut down orders like airlines, restaurants, and tourism are looking at a long, tough road before they can get back to pre-pandemic levels. With all but the most essential businesses shut down and commerce brought to an almost complete standstill, states have lost millions in tax revenues over the past few months. However, proponents for marijuana legalization have argued that marijuana sales could help stimulate the economy as it recovers. In the weeks before the shutdowns began, cannabis…

MondayJul 20, 2020 11:39 am

Sugarmade, Inc. (SGMD) Releases Numbers, Calls June ‘Breakout’ Month for BudCars Growth for ‘Every Single Metric’

SGMD’s BudCars sales topped more than $500,000; company grew for third consecutive month ‘We did more business with more people and booked a significant jump in gross profits while holding our 47% gross margin level as volume increased,’ CEO reports Company expects to close out first half of 2020 with a linear pace already at $6 million Sugarmade (OTCQB: SGMD), a product and branding marketing company investing in operations and technologies with disruptive potential, released June numbers for its burgeoning BudCars Cannabis Delivery Service. Of note in the report were sales that topped more than $500,000 and impressive growth for…

MondayJul 20, 2020 4:20 am

420 with CNW – Illinois Earns Double the Cannabis Taxes Predicted for First Six Months

The first half of 2020 has been brutal. After being discovered in Wuhan, China in late 2019, the coronavirus quickly spread to Europe and the U.S., and by late March, billions of people across the world were under lockdown. All but the most essential businesses were ordered to shut down, and within a month, the U.S. was approaching Great Depression era levels of unemployment. The travel and service industries were especially hit, and they have shouldered most of the job losses. One industry that seems to be weathering the health and economic crisis fairly well is cannabis. Deemed essential by…

FridayJul 17, 2020 4:20 pm

420 with CNW – Congress Asks Federal Agencies to Reconsider Firing Employees Who Use Marijuana

Although several states have legalized either medical or recreational marijuana, it remains illegal at the federal level. This duality in legislation means that sometimes, individuals who work with or consume state-legal cannabis face federal repercussions. However, a series of reports for spending bills released by a key House committee contain a wide range of marijuana-related provisions seeking to change this. The directives from the House Appropriations Committee were attached to spending bills containing legislative reform provisions including previously tabled proposals that would protect state marijuana laws from federal interference as well as protect banks who work with cannabis businesses from…

FridayJul 17, 2020 4:20 am

420 with CNW – VA States Marijuana Industry Employed Veterans Aren’t Barred from Receiving Home Loans

The state legal cannabis industry has made great strides in the past couple of years, but there’s still a long way to go. The industry was valued at $13.6 billion in 2019 and experts expect it to grow in leaps and bounds over the years but the ongoing federal prohibition is severely holding it back. Unfortunately, this trickles down and negatively affects the tax paying folk who work in state legal cannabis establishments. One such instance of discrimination, according to Rep. Katherine Clark and other lawmakers, is against veterans seeking home loans. For the past year, she’s been pressing the…

ThursdayJul 16, 2020 4:20 pm

420 with CNW – Democratic Senator Claims Congress Will Legalize Cannabis in 2021

Marijuana legalization is a highly divisive topic and even as more and more states move to legalize medical and adult use marijuana, the topic still remains controversial. And although the federal government legalized industrial hemp in December 2018, marijuana is still illegal at the federal level. Although the presumptive Democratic presidential candidate has in the past said that he supports decriminalization, moderate rescheduling, record expungement and medical cannabis legalization, he does not stand behind legalizing adult use cannabis. However, according to a U.S. Democratic Senator, lawmakers will move very quickly to legalize marijuana regardless of his position if the Democratic…