NewsRoom Articles - Page 55 of 592

ThursdayApr 04, 2024 4:20 pm

420 with CNW — Partial Legalization of Cannabis in Germany to Take Effect in April

The German parliament has given the green light to partially legalize marijuana for recreational personal use, ushering in some of Europe’s most lenient cannabis regulations. The substance was made legal for recreational use in Malta and Luxembourg in 2023 and 2021, respectively. The Netherlands, on the other hand, which is renowned for having lax marijuana laws, has started toughening up on sales to visitors and nonresidents. The German approval came following a landmark vote in the Upper House, or Bundesrat, where legislators endorsed the measure. Once the new regulations take effect on April 1, 2024, individuals will be allowed to…

WednesdayApr 03, 2024 4:20 pm

420 with CNW — California Bill Seeks to Curtail Cannabis Employment Protections for Safety-Sensitive Jobs

A recent bill in California that was originally intended to amend the state’s current rules protecting workers from discrimination based on their use of legal cannabis has undergone substantial changes to rescind the protections for several workers, including those in animal control, law enforcement and coroners’ offices. The initial measures passed in 2022 and 2023 limited the use of punitive measures against workers for marijuana use while they were off duty and prohibited companies from asking applicants about their prior cannabis usage. However, SB 1264, under Senator Shannon Grove’s sponsorship, seeks to carve out exceptions for certain job roles. These…

WednesdayApr 03, 2024 10:00 am

Congressional Lawmakers Urge AG to End Current Legal Limbo, Issue ‘Overdue’ Cannabis Guidance

Congressional legislators recently forwarded a letter to the attorney general (AG), urging him to issue guidance on federal cannabis enforcement in an effort to stave off interference in state marijuana programs. The letter, penned by Congressional Cannabis Caucus cochairs Representatives Barbara Lee and Earl Blumenauer, stated that the department of justice needed to correct this oversight and issue a memo clarifying that its resources wouldn’t be used to prosecute parties acting in accordance with tribal or state law. It has been more than five years since former AG Jeff Sessions revoked the previous memos that directed prosecutors to not interfere…

TuesdayApr 02, 2024 4:20 pm

420 with CNW — Schumer Sends Out Petition Urging Public to Express Support for Cannabis Banking Legislation

Chuck Schumer, the Senate Majority Leader, is rallying public support for a bill focused on facilitating banking services for cannabis-related businesses through an online petition. In a recent communication concerning this endeavor, he reaffirmed his stance in favor of a comprehensive federal legalization of marijuana. In the wake of continuing congressional discussions on budgetary appropriations, the SAFER Banking Act has come back into focus. Schumer, in an email communication, highlighted the challenges faced by state-licensed marijuana businesses in accessing banking facilities nationwide. Schumer paints a picture of the predicament faced by these businesses, unable to access basic financial services such…

TuesdayApr 02, 2024 10:30 am

Building a Prosperous Future, Zoned Properties Inc.’s (ZDPY) Direct-to-Consumer Design in Cannabis Real Estate

Zoned Properties is a leader in cannabis real estate development, with a sophisticated PropTech stack to spearhead a direct-to-consumer real estate model Zoned Properties reported a net profit of $114,523 during the quarter ended September 30, 2023 ZPDY has listed a property for sale at a price of $16 million, non-dilutive capital that will be used to continue to fund growth The cannabis industry is experiencing explosive growth, but its infrastructure often lags behind. Green Zones – compliant locations and properly permitted real estate – are part and parcel to unlocking the industry's full potential. This focus not only fuels…

MondayApr 01, 2024 4:20 pm

420 with CNW — Another Federally Backed Study Finds Recreational Marijuana Legalization Doesn’t Increase Youth Use

A recent study supported by federal funds has found no clear link between the legalization of cannabis for adult use and an increase in its consumption among middle schoolers. To investigate the impact of legal sales on youth usage, researchers conducted a comparative analysis of middle-school usage rates in New Mexico and Nevada, utilizing data from state-conducted surveys in 2017 and 2019. Notably, during this period, Nevada permitted adult-use cannabis sales while New Mexico restricted its use to medical purposes only. Across both states, the study uncovered rises in the percentages of middle schoolers who had experimented with marijuana and…

MondayApr 01, 2024 11:15 am

NECANN Maryland Cannabis Convention & Expo 2024, Baltimore, MD

Entrepreneurs, influencers, advocates, patients, investors, service providers, educators, and consumers of the cannabis spectrum, are all invited to attend the first-ever Cannabis Convention of Maryland that focuses on networking, learning, and discovering new cannabis products and services for the greater Maryland community. NECANN organizes the foremost cannabis events, with a robust platform for cannabis enthusiasts to connect with industry experts and peers, presenting critical knowledge to expand businesses. NECANN has offered growth opportunities to the local communities throughout the northeast and beyond since 2014. It has boosted the cannabis economy by creating a hub of resources and communication available to…

MondayApr 01, 2024 10:00 am

Canadian Law Review Panel Recommends Allowing Cannabis in Pharmacies

A panel reviewing Canadian law on adult-use marijuana has recommended that pharmacy access be enabled for medical cannabis. This comes after Shoppers Drug Mart, the biggest pharmacy chain in the nation, requested that pharmacies be allowed to sell medical marijuana products. By doing so, patient concerns on product shortages and delays in delivery could be addressed. Additionally, enabling this access would allow patients to freely consult with pharmacists on side effects and drug interactions at their own convenience. The Cannabis Act, which legalized recreational marijuana, established a legal framework for producing, distributing, selling and possessing marijuana across Canada. The panel,…

ThursdayMar 28, 2024 4:20 pm

420 with CNW — New York to Evaluate Struggling Cannabis Industry as Hiccups Allow Illicit Market to Flourish

Kathy Hochul, the governor of New York, has issued an order to reassess the state’s adult-use cannabis licensing program due to various setbacks. Those hurdles, including lawsuits and administrative challenges, have not only stood in the way of the legal marijuana market but have also led to the proliferation of illicit sellers. The assessment aims to identify ways to expedite license processing and facilitate quicker business openings. Additionally, the assessment will conduct a comprehensive review of the state’s Office of Cannabis Management’s (OCM) organizational structure and procedures. Hochul, a member of the Democratic Party, has openly complained about the launch…

ThursdayMar 28, 2024 9:00 am

Astrotech Corp. (NASDAQ: ASTC) and AgLAB Inc. Use Mass Spectrometer Technology to Significantly Enhance Hemp and Cannabis Production Yield and Profit

The cannabinoid market value in 2023 was $22.23 billion and is expected to grow at a CAGR of 15.3%, resulting in an estimated market value of $60.36 billion The global mass spectrometry market will reach $6.77 billion in 2024 and is expected to grow at a CAGR of 6.25%, reaching $9.17 billion by 2029. Astrotech and subsidiary AgLAB Inc. are using mass spectrometry to boost the profitable yield of hemp and cannabis production The United States has seen a rising awareness of the health and therapeutic benefits of cannabinoids, prompting an expected market increase of 15.3%, from $22.23 billion in…

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