NewsRoom Articles - Page 49 of 611

MondaySep 16, 2024 10:00 am

Ohio Cannabis Retailers Bag Estimated $50M in First Month of Adult-Use Sales

Recently released data shows that recreational cannabis sales in the state of Ohio have exceeded $50 million since sales were launched in August. This comes after voters in the state passed Issue 2, a ballot initiative that legalized the recreational use of marijuana in November 2023. According to the initiative, licensed sales were to begin on Aug. 6, 2024. Individuals aged 21 years of age and older can possess 15 grams of edibles or extracts and no more than 2.5 ounces of marijuana. The Division of Cannabis Control revealed that dispensaries had sold almost $54.6 million in recreational marijuana products…

FridaySep 13, 2024 4:20 pm

420 with CNW — New Research Shows Cannabis Users Fared Better During COVID-19

According to a recent study, individuals who use cannabis are less likely to die, require a ventilator or suffer from extreme COVID-19 infections. Researchers from New York’s Northwell Health conducted the study, which was just released in the peer-reviewed “Cannabis and Cannabinoid Research” journal. The study analyzed the National Inpatient Sample Database’s data, focusing on patients admitted with a COVID-19 diagnosis. The patients were divided into two groups: those who used marijuana and those who did not. To ensure fairness, researchers adjusted for various factors, such as race, age, gender and existing health conditions. Cannabis users had a lower risk…

FridaySep 13, 2024 10:00 am

US Marijuana Brands Looking to Tap International Opportunities

The rise in demand for American marijuana products in Europe has driven some brands to spread their wings globally. Some of the companies targeting global growth represent a growing section of the industry, with some cannabis operators finding that expanding internationally is easier than navigating regulations in the United States. Lehua Brands, a manufacturer of infused drinks based in California, is one of these brands. The company’s CEO, Sierra Elaina, stated that issues such as market oversaturation, overtaxation and issues with distribution were affecting those involved in the industry. The company isn’t dealing with these issues in the Canadian market,…

FridaySep 13, 2024 9:00 am

New York Cannabis Insider Conference: The State’s Premier Cannabis Event

Cannabis traders, entrepreneurs, growers, stakeholders, service providers, regulators, industry leaders, and investors, are invited to attend the state’s premier cannabis event at The Desmond Hotel in Albany, New York on Sept. 25. The NY Cannabis Insider Conference provides a major learning and networking platform to the New York cannabis industry. As the legal weed industry grows, the conference is designed to address the evolving issues of the industry. The live events at the conference allow participants to learn the licensing and regulatory policies, the latest technology resources and products, and a number of operational tips from stalwarts attending the event.…

ThursdaySep 12, 2024 4:20 pm

420 with CNW — Nebraskans to Vote on Medical Marijuana Legalization This November

Nebraska voters will have the opportunity to decide on the legalization of medical marijuana in the state during the upcoming November election, according to an announcement made last week by state officials. Bob Evnen, the secretary of state, confirmed that two separate measures regarding medical cannabis will be included on the ballot. Officials from the pro-medical cannabis advocacy group, Nebraskans for Medical Marijuana, revealed earlier this year that they had gathered almost 114,000 signatures from voters in favor of legalization. This figure greatly surpasses the necessary 86,000 signatures to include the measures on the ballot. Evnen noted that, thus far,…

ThursdaySep 12, 2024 9:00 am

Alternative Products Expo Arrives in Atlanta

The Alt Pro Expo, presented by Trinity Hemp, is coming to Atlanta on Oct. 10-12, 2024. Atlanta has a vibrant history with a legacy of smoke-shop culture. The southern city attracts retailers and buyers from neighboring cities, blending seamlessly into the new-age Alternative Products scene. Atlanta offers several recreational options to the attendees of the Expo. The Alternative Products Expo presents a dynamic platform for learning, exhibitions and collaborations in the Alternative Products industry. It brings together manufacturers, retailers, professionals, consumers, and enthusiasts, showcasing the latest products and services in the counterculture industry. The Alternative Products Expo in Atlanta will…

WednesdaySep 11, 2024 4:20 pm

420 with CNW — Cannabis Reclassification Unlikely to Happen Until After Elections

A ruling on whether to change cannabis classification to a less dangerous substance in the United States is not expected until after the November election, making it a significant topic in the closely contested presidential race. Last week, the U.S. Drug Enforcement Administration scheduled a hearing on the proposed changes for Dec. 2, 2024. Given this date, a final decision might not be made until the next presidential administration. Although there’s a chance it could happen before the end of President Biden’s term, marijuana attorney Brian Vicente notes that issuing a decision before Inauguration Day would be a rushed action.…

WednesdaySep 11, 2024 10:00 am

Kentucky Receives Almost 5,000 Medical Cannabis Business Applications

New data released by the state of Kentucky shows that almost 5,000 applications were submitted by businesses in the state to acquire licenses to sell medical cannabis. This comes after the state legalized medical marijuana for Kentuckians with different debilitating illnesses in March 2023, when SB 47 was signed into law by Governor Andy Beshear. The application period for those who wished to participate in the state’s medical marijuana program ran from July 1 to Aug. 31, 2024, with 88% of the applications coming in during the last four days. Applicants were only allowed to file applications for one type…

TuesdaySep 10, 2024 4:20 pm

420 with CNW — Cannabis Stocks Retreat as Rescheduling Hearing Slated for December

The U.S. marijuana industry, valued at $32.1 billion, entered Labor Day weekend for the second consecutive year with significant developments regarding the Biden administration’s attempts to change marijuana’s classification. Despite this milestone, the reaction has been one of disappointment rather than celebration, following the recent announcement that a crucial hearing about cannabis rescheduling won’t take place until December. This delay led to frustration and a slight dip in cannabis stock values. Last year, the industry had a more optimistic outlook during this period as federal health regulators had recommended recognizing cannabis as medicine, a major step forward in marijuana reform.…

MondaySep 09, 2024 4:20 pm

420 with CNW — Trump Notes Support for Cannabis Ballot Measure in Florida, Wants Public Smoking Banned

Donald Trump recently stated that he was confident Florida voters would pass the cannabis legalization initiative during the November ballot. He emphasized that since marijuana is already legal in many other states, it is unfair for someone to be prosecuted as a criminal in Florida. In addition, Trump attacked the status quo regulations, saying they endanger public health, destroy lives and expose individuals to fentanyl-contaminated marijuana. If voters approve the measure, he encouraged lawmakers to take action by passing legislation outlawing marijuana use in public places. Former Florida GOP chair, Senator Joe Gruters, praised Trump’s support for legalization. He said,…