NewsRoom Articles - Page 329 of 592

WednesdayMay 20, 2020 4:20 am

420 with CNW – California Governor Delays Implementation of Proposed Marijuana Regulatory Changes

Although most states designated the cannabis industry as essential and allowed businesses to keep operating despite the lockdown, the industry as a whole has suffered a variety of setbacks due to the coronavirus pandemic. A number of campaigns to legalize marijuana have been put on hold all over the country due to social distancing measures. In California, lawmakers have been forced to postpone systemic reforms to the California regulatory agencies that oversee the state’s marijuana industry. When he announced his annual budget plan earlier this year, California Governor Gavin Newsom revealed that he wanted to; merge the trio of regulatory…

TuesdayMay 19, 2020 4:20 pm

420 with CNW – Congress Passes Coronavirus Bill With Marijuana Banking Provisions

Although government-issued coronavirus-related measures were designed to curb the spread of the virus, they had an unintended consequence, economic downturn. With all but the most essential businesses ordered to close during lock-downs, the economy was in a free fall. More than 20 million Americans have lost their jobs since the start of March, and the government ended up deploying a massive $2 trillion coronavirus relief bill to help people and small businesses weather the storm. However, due to ongoing federal prohibition, businesses in the state-legal marijuana industry were denied access to these relief funds. Federal prohibition has made banking institutions…

TuesdayMay 19, 2020 12:33 pm

How COVID-19 Has Drastically Changed U.S Cannabis Smoking Pattern

The coronavirus pandemic started in Wuhan, China last December 2019. It happened so fast that we barely even realized we’re already 5 months in lockdown. The impact of coronavirus has a way of affecting not just the economy but our personality as well. Behavioral science and the history of previous global pandemics even suggest that COVID-19 will transform our perception in life forever. To understand the impact deeper, AmericanMarijuana.org conducted a survey involving 1,017 American cannabis consumers asking how COVID-19 changed their weed-smoking habits and how their families and friends feel about their habit these days. Does Smoking Make Weed-Smokers…

TuesdayMay 19, 2020 11:47 am

SinglePoint Inc.’s (SING) New Initiatives in Hemp, Sanitization Driving Q2 Sales Growth

SING enters joint venture with Box BioScience to fulfill existing hand sanitizer sales contracts Company leveraging growing popularity of 1606 Hemp cigarettes with increased distribution to new stores 1606 Hemp sales grew 133% this quarter and 233% in the current monthly period compared to last month SinglePoint Inc. (OTCQB: SING), a diversified holdings company with operations in several high-performing market sectors, is back on track for growth in 2020 with plans to expand the launch of 1606 Hemp cigarettes with a new counter top display, along with distributing Simplex hand sanitizer in a joint venture with BOX BioScience. While many…

TuesdayMay 19, 2020 4:20 am

420 with CNW – Study Shows Marijuana Legalization Boosts Hotel Bookings

For a very long time, advocates for legalizing marijuana have outlined the revenue states stand to gain from legalization. Indeed, states like Colorado have brought in massive revenues through cannabis sales in the recent past. Furthermore, results from a new study show that legal cannabis has a positive effect on the tourism and hospitality industry. Dubbed (Pot)Heads in Beds: The Effect of Marijuana Legalization on Hotel Occupancy in Colorado and Washington, the study was published online and appears in the latest issue of Regional Policy and Analysis. It states that Colorado had a considerable increase in room rentals soon after…

MondayMay 18, 2020 4:20 pm

420 with CNW – Marijuana Panic Buying Slows Down in Canada

As the threat posed by the coronavirus grew bigger, governments around the world issued lockdown orders and instructed all but the most essential businesses to close down. In the days and weeks preceding the stay at home orders, legal marijuana saw a spike in sales as people stocked up for what they thought would be a long period of self-isolation. However, several provinces in Canada deemed the marijuana industry essential, giving consumers constant access to cannabis during the lockdown. According to cannabis company executives, the COVID-19 boom in cannabis sales is dissipating, and consumers have slowed down their purchasing frenzy.…

MondayMay 18, 2020 10:11 am

SinglePoint Inc. (SING) Raises up to $7 Million in Its Bid to Capitalize on Growth Opportunities

SinglePoint Inc. announces entrance into financing arrangement to raise up to $7 million Funds are earmarked for refinancing the company’s existing liabilities at advantageous terms, funding new growth opportunities SING recently announced its subsidiary Direct Solar America is seeing 40 virtual appointments per week, extending nationwide footprint to 30 states Company expands its hemp-based product portfolio by launching Klen, an innovative line of hemp seed-infused hand sanitizers SinglePoint Inc. (OTCQB: SING), a publicly traded company dedicated to acquiring businesses focused on emerging technologies, reported that it had successfully entered into a financing arrangement to raise up to $7 million (http://cnw.fm/4bD3O), strengthening…

MondayMay 18, 2020 4:20 am

420 with CNW – New Congressional Coronavirus Relief Bill Contains Marijuana Banking Access

The state-legal cannabis industry has been subject to tons of hurdles ever since marijuana was first legalized. Due to federal prohibition, institutions like banks have avoided the industry, denying them access to vital services like cashless payments. Once the coronavirus pandemic hit and the dangers of cash transactions were exposed, change had to be affected. Now, House leadership has unveiled a coronavirus relief bill that includes provisions to protect banks that service marijuana businesses from federal retaliation. This had long been a bone of contention for advocates, stakeholders, and lawmakers even before the pandemic, and they have been pushing for…

FridayMay 15, 2020 4:20 pm

420 with CNW – Arkansas Medical Cannabis Sales Exceed $75 Million

Despite being illegal under federal law, cannabis has been legal in a number of states for a while now. Advocates for legal cannabis can talk about the benefits of legalization for days, but one of the main benefits has always been the potential for tax revenue. Like alcohol, the demand for cannabis is almost constant, and states that have legalized it have the potential of earning millions in sales revenue. Arkansas's first dispensary opened in May last year, and nearly $75 million and 12,000 pounds worth of medical marijuana has been sold since, according to the Arkansas Department of Finance…

FridayMay 15, 2020 4:20 am

420 with CNW – Pre-Employment Cannabis Testing Ban Takes Effect in New York City

Last year, the New York City Council approved a ban on pre-employment drug testing for marijuana. As of May 10, the ban took effect, and it stipulates that companies in the city can't conduct pre-employment tests for THC metabolites unless the position is safety sensitive. The original bill included language that exempted some jobs from the prohibition on testing, such as people charged with supervising or caring for children and positions "tied to a federal or state contract or grant." It also contains a provision that allowed the New York City Commission on Human Rights to expand the list of…