NewsRoom Articles - Page 53 of 604

MondayJul 01, 2024 10:00 am

DEA’s Rescheduling of Marijuana Could Be Delayed Beyond November Polls

Some experts believe that legislators that opposing the reclassification of marijuana under Schedule 3 may call for public hearings that will delay the U.S. Drug Enforcement Administration’s (DEA) final rule past the election. Some claim that this is the goal — to prevent President Joe Biden from boosting his appeal to younger voters. The 60-day public comment period on marijuana rescheduling, which shall inform the DEA’s decision, is set to lapse on July 20, 2024. Thirty days after this period ends, the DEA is expected to decide on whether to move marijuana from its Schedule I classification. The decision will…

FridayJun 28, 2024 4:20 pm

420 with CNW — Ohio Companies Prepare for Recreational Cannabis Sales Launch

Ohio’s move from solely medical cannabis sales to also allowing recreational sales is taking a unique path compared to other states. The specific date for the start of recreational sales remains unclear, even though the application period for converting medical cannabis licenses to dual-use began on June 7, 2024. Industry insiders anticipate that the first dual-use licenses might be approved in the coming weeks, but state officials have not confirmed this timeline. Ohio’s regulators are also prioritizing applications from testing labs, cultivators and processors over retailers. This means cannabis businesses and consumers will see approvals happen in stages based on…

FridayJun 28, 2024 10:05 am

Florida Campaign Raises Highest-Ever Funding for Marijuana Legalization Voter Initiative

The state of Florida is trying once again to legalize the recreational use of cannabis via a ballot proposal. If the ballot measure acquires the 60% majority needed to approve a ballot initiative, the state would join 16 other states that have legalized adult-use marijuana by the ballot. The committee behind this latest push, Smart & Safe Florida, revealed that it had broken fundraising records. The initiative in question is the most funded proposal of this year, with the entity raising more than any other cannabis-related ballot initiative committee. In just one election cycle and with the election itself only…

FridayJun 28, 2024 9:45 am

Golden Triangle Ventures Inc. (GTVH) Announces Full Financial Support to Launch Freight Brokerage Division

Cargo Management Group acquisition includes a full-fledged logistics operation, brokerage business, licenses and all associated assets Acquisition helps move GTVH toward goal of becoming a highly profitable company with minimal to zero debt and a diverse asset portfolio Along with acquisition, company receives full financial support from T&K Zarro to fund key components of new venture In a strategic move that aligns with the company’s vision “to assemble a strong portfolio of successful businesses under one overarching umbrella” (https://cnw.fm/HWyV8), Golden Triangle Ventures (OTC: GTVH) (“GTV”) has announced a full-service freight brokerage business designed to significantly expand its logistics capabilities (https://cnw.fm/rMOmx).…

ThursdayJun 27, 2024 4:20 pm

420 with CNW — Study Finds Opioids, Alcohol Cause Worse SecondHand Harms Compared to Marijuana Use

A recent nationwide study has revealed that secondhand harm from cannabis use is significantly less common than that from alcohol. The study, which surveyed thousands, found that respondents were almost six times more likely to report secondhand alcohol harm than cannabis harm. The perceived risks associated with opioids and other substances also outweighed those associated with marijuana. The study analyzed responses from 7,799 participants in the 2020 United States National Alcohol Survey. It showed that more than one-third (34.2%) of respondents had experienced alcohol-related secondhand harm at some point in their lives. In contrast, only 5.5% reported experiencing secondhand harm…

WednesdayJun 26, 2024 4:20 pm

420 with CNW — Opponents of Cannabis Rescheduling Slam Process FDA Relied On

Representatives of the prohibitionist organization Smart Approaches to Marijuana (SAM) have expressed their disapproval of the government’s plan to categorize cannabis as a Schedule 3 substance. They criticized the move as politically driven and not based on scientific evidence. The group is now exploring all legal avenues to challenge this change and is rallying its supporters to oppose it. Kevin Sabet, SAM president and CEO, spoke during an online meeting, expressing strong disapproval of the federal officials behind the rescheduling proposal. He argued that the recommendation seemed outdated and inappropriate for 2024. Sabet emphasized that the process is far from…

WednesdayJun 26, 2024 10:00 am

North Carolina Senate Passes Cannabis Legalization Bill

Last week, the senate in the state of North Carolina voted to approve the legalization of medical cannabis in an initial vote. Thirty-three legislators voted in favor of the proposal, including nine Republican Party members. This move comes after legislators in the state included medical cannabis in a proposal that was originally meant to regulate hemp. The updated proposal would legalize marijuana for individuals with debilitating medical conditions. However, before it can be advanced to the house, it must be approved by the senate a second time. In the past, GOP party members have hindered access to legal medical marijuana.…

WednesdayJun 26, 2024 9:45 am

Software Effective Solutions Corp. (SFWJ) Partners with Leading Colombian Company as Global Cannabis Opportunities Increase

“A myriad of opportunities has emerged for (cannabis) investors, entrepreneurs and enthusiasts worldwide,” reports Newsweek MedCana’s agreement to begin exporting CBD buds to Switzerland appears to be particularly timely The company noted that this new collaboration marks a “significant milestone” in the company’s expansion into the European market Interest in cannabis is growing globally, and savvy companies operating in the cannabis space, such as Software Effective Solutions (d/b/a MedCana) (OTC: SFWJ), are working to strengthen their positions. Most recently, MedCana announced a new strategic partnership between one of its subsidiaries and a prominent Colombian company to begin export of its…

WednesdayJun 26, 2024 9:00 am

Golden Triangle Ventures Inc. (GTVH), Largest Note Holder Reach Agreement That Will Enhance Shareholder Value

GTVH enters pivotal agreement with largest note holder, T&K Zarro LLC CEO notes that agreement demonstrates “our commitment to strengthening our capital structure and delivering tangible value to our shareholders” The agreement is a “testament” to the company’s strategic foresight and dedication to fostering a robust and scalable business model Golden Triangle Ventures (OTC: GTVH) continues momentum as the company announces strategic steps in its commitment to solidifying its capital structure, expanding its business operations and enhancing shareholder value. Most recently, the company revealed a pivotal agreement with T&K Zarro LLC, GTVH’s largest note holder (https://cnw.fm/3mhs9). “This agreement marks a…

TuesdayJun 25, 2024 4:20 pm

420 with CNW — Florida Medical Cannabis Doctors Concerned About Possible Disruptions Once Recreational Use Legalized

Florida’s initiative to legalize recreational marijuana is causing a significant divide within the state's medical cannabis sector. Florida’s largest medical cannabis company, Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF), is supporting Amendment 3, which seeks to legalize recreational cannabis for adults over age 21. However, approximately 2,000 doctors certified to prescribe medical marijuana are expressing concerns. They warn that this amendment could disrupt access for the state’s 882,000 medical-cannabis patients. The influx of recreational users could deplete the marijuana products and specific strains that patients rely on for conditions such as severe pain. The passage of Amendment 3 may also…