NewsRoom Articles - Page 327 of 603

FridayAug 07, 2020 4:20 pm

420 with CNW – Illinois Cannabis Sales Break Records in July

The months after the coronavirus broke out were characterized by a severe decline in commerce. Industries like airlines, food service and tourism were especially hit, with a large chunk of the more than 30 million Americans who lost their jobs coming from these sectors. Cannabis, on the other hand has weathered the storm fairly well. There was a spike in marijuana sales in the weeks leading up to the shutdown and self-isolation orders and in the months since, several states have reported record breaking sales. On Monday, Illinois’ Department of Financial and Professional Regulation announced that the state had recorded…

FridayAug 07, 2020 4:20 am

420 with CNW – Senate Bill Seeks to Legalize and Tax Cannabis Like Tobacco

So far, 2020 has been pretty rough on drug reform initiatives. Marijuana legalization activists in states like Idaho and Florida have had to postpone their legalization activities after the coronavirus pandemic made signature collection almost impossible and kept lawmakers occupied with more urgent issues. However, the push for federal marijuana reform received a massive boost after a Democratic Senator filed a new bill to federally legalize marijuana in late July. Titled the ‘Substance Regulation and Safety Act,’ the legislation was sponsored by Senator Tina Smith. If passed, it would remove cannabis from the Controlled Substances Act and direct federal agencies…

ThursdayAug 06, 2020 4:20 pm

420 with CNW – Amazon Prime Unveils Search for Marijuana Business Talent

Michael Straumietis, commonly known as 'BigMike', is one of the most successful cannabis entrepreneurs in the world. He founded cannabis fertilizer brand Advanced Nutrients, a firm that has earned him millions over the last two decades. Said to be the world's leading cannabis fertilizer, the brand's products are sold in 109 countries and counting with an annual revenue of over $84 million. For 37 years, he has been a revolutionary for the industry and now, he has set out to "discover the new industry Titan." From August 15, BigMike will star in The Next Marijuana Millionaire, a reality show that…

ThursdayAug 06, 2020 4:20 am

420 with CNW – How COVID-19 is Dampening CBD Sales

As 2019 drew to a close, no one expected the virus that had been discovered in Wuhan, China in November to bring the world to a complete standstill. Three months into the year, however, the resultant pandemic had caused massive damage to the economy, with industries like food service and airlines shouldering millions of job losses. Although cannabis products enjoyed a spike in sales in the week or two leading up to lockdown orders, the COVID-19 pandemic has since dampened CBD sales. The nascent industry had previously seen extremely encouraging projections, with last year's BDSA and Arcview Market Research industry…

WednesdayAug 05, 2020 4:20 pm

420 with CNW – The COVID-19 Outbreak is Hitting Illegal Cannabis Sales Hard

For many proponents of legalizing marijuana, snuffing out the black market and bringing all that revenue into the state coffers was a big motivation. However, the truth is the black market has thrived alongside state legal weed, and in many cases has actively undermined and drawn profits from the legal market. With the coronavirus pandemic in full swing, though, illegal cannabis sales have been hit. Hard. In the early days of the pandemic, it was established that COVID-19 was a respiratory disease and folks with poor lung health were more at risk of developing severe symptoms. As beneficial as marijuana…

WednesdayAug 05, 2020 4:20 am

420 with CNW – Congress Passes Amendment Shielding State Cannabis Programs from Federal Interference

As July drew to a close, the House of Representatives voted in favor of an amendment that would protect all state, territory and tribal marijuana programs from federal interference. Sponsored by Reps. Earl Blumenauer, Tom McClintock, Eleanor Holmes Norton and Barbara Lee, the measure would prevent the Department of Justice from using its funds to impede the implementation of cannabis legalization laws. It was passed in a 254-163 vote on the floor and it builds on an existing, more limited provision to shield only state medical cannabis laws from federal interference. As more and more states have legalized either medical…

TuesdayAug 04, 2020 4:20 pm

420 with CNW – Study Finds Marijuana Makes Women Have Better Sex

For as long as marijuana has been used recreationally, there have been anecdotal reports among the women who enjoy cannabis that it spices things up in the bedroom. Heck, there are even THC infused lubricants on the market that promise increased arousal and better orgasms, but do they really work? Or is it a placebo effect, where it seems to work because you want it to work, or is there any truth behind these claims? A growing body of research indicates that there is indeed a correlation between cannabis and sex, even though the science behind it is still a…

TuesdayAug 04, 2020 4:20 am

420 with CNW – 4 Tips for Choosing the Best Marijuana Genetics

No one can blame you for wanting to jump right into the cannabis industry. Still pretty young, the industry is projected to be worth $73 billion by 2027, and hundreds of businesses want a piece of the cake. If you’re a complete beginner looking to make a name for yourself as a grower, your first priority is to find the best marijuana genetics. However, that’s no easy task, especially in an industry that’s only a few years old and barely has any standardized regulations. For starters, make sure you do plenty of research. Marijuana is probably one of the most…

MondayAug 03, 2020 4:20 pm

420 with CNW – Almost 70% New Jersey Voters Support Pot Legalization

Last December, the New Jersey Senate approved a resolution that would put a referendum on legalizing marijuana on this year's November ballot. Although certain lawmakers had pegged their hopes on legalizing cannabis legislatively, numerous disagreements over the specifics of the bill made it impossible, forcing them to put the question of broad cannabis reform onto the voters. A recent survey conducted by DKC Analytics and released on Tuesday has found that a supermajority of New Jersey voters is in support of the measure. The poll involved phone interviews with 500 New Jersey likely voters from July 7 to 12, and…

MondayAug 03, 2020 9:35 am

The 2020 Benzinga Cannabis Capital Conference In Detroit Will Be Moving Online

Due to continuing concerns surrounding COVID-19, Benzinga will be bringing its Cannabis Capital Conference online. Originally scheduled to take place in Detroit, this conference will focus on carefully vetted companies in the emerging Michigan market. The event, set to take place on Tuesday, August 18, 2020, will serve as a meeting place for cannabis investors, entrepreneurs, and leaders in the cannabis industry. Attendees can look forward to round table discussions and panels with top cannabis entrepreneurs, keynote quick fires, and investor presentations. The main aim of the Cannabis Capital Conference is to foster connections within the cannabis industry and create…