NewsRoom Articles - Page 57 of 620

WednesdaySep 25, 2024 10:00 am

Cannabis Sales in New York Could Exceed $1B This Year Despite Rocky Market Launch

Marijuana retailers in the state of New York raked in more than $429 million in revenue between January and August of this year. Just last month, sales made each week exceeded $20 million for the first time ever. New York made marijuana legal in March 31, 2021, following the approval of the Marijuana Regulation and Taxation Act. However, the state’s first sales were recorded in December 2022. The Office of Cannabis Management’s deputy director of policy, John Kagia, stated that while some momentum had been lost in 2023, the office had known that with enough effort and time, the market…

TuesdaySep 24, 2024 4:20 pm

420 with CNW — Michigan Cannabis Sales Boom as Recreational Sales Begin in Ohio

Last month, Ohio kicked off its recreational cannabis sales, raising questions about how this would impact Michigan’s already thriving industry, which attracts many Ohio customers. Michigan had become a popular destination for Ohio residents seeking cannabis, with many dispensaries conveniently located near the state border in cities such as Morenci and Monroe. Ohio’s dispensaries sold close to $55 million worth of product in the first month of the state’s legal cannabis sales, which got underway in August. Despite this, the Michigan Marijuana Regulatory Agency has released new data indicating that the state’s dispensaries have not suffered. In actuality, sales kept…

MondaySep 23, 2024 4:20 pm

420 with CNW — Nebraska Certifies Ballot Measures to Legalize Medical Cannabis

Efforts to legalize medical cannabis in Nebraska have officially been approved for the November election, despite a lawsuit and a statewide review of the validity of collected signatures. Bob Evnen, the secretary of state, announced on Sept. 14, 2024, that the group Nebraskans for Medical Marijuana had gathered an estimated 90,000 legitimate signatures. The announcement was made precisely one year from receiving the signature initiative’s third effort in 2023, which coincided with the finalization of the November 5 ballot. Evnen mentioned that the procedure for gathering signatures had sparked questions, which the office of Attorney General Mike Hilgers was looking…

MondaySep 23, 2024 10:00 am

Bipartisan Cannabis Legalization Bill Filed in Pennsylvania

Last week, Democratic Representative Emily Kinkade and GOP Representative Aaron Kaufer filed a measure that would legalize the use of recreational cannabis by adults in the state of Pennsylvania. The measure, dubbed HB 2500, was cosponsored by 15 additional legislators in the House of Representatives. The measure also places the state’s agriculture department in charge of the production and sale of medical cannabis and adult-use marijuana. The state legalized medical cannabis in 2016. If approved, the legislation would permit the regulated sales of recreational cannabis to individuals 21 years of age and older, and adults would be allowed to purchase…

FridaySep 20, 2024 4:20 pm

420 with CNW — Nebraska Lawsuit Aims to Void State’s Medical Cannabis Ballot Measures

A former Nebraska senator and past member of the Nebraska Health Board has filed a lawsuit aimed at stopping two state medical marijuana ballot petitions. John Kuehn, a rancher and veterinarian from Heartwell, is challenging the placement of these measures on the Nov. 5 , 2024, ballot. Kuehn has listed seven key reasons for his challenge, including claims of procedural violations and constitutional issues under federal and state laws. Kuehn’s legal team, led by attorneys Cameron E. Guenzel, Steven E. Guenzel and Andrew La Grone (another former state senator), filed the case in Lancaster County District Court. The lawsuit seeks…

FridaySep 20, 2024 10:00 am

First Cannabis Spa Opens in Denver

Pure Elevations, a new business that recently opened its doors, is the first cannabis spa in Denver. It is also the first business where individuals can purchase and consume cannabis in the city. Consumers are allowed to buy cannabis products and use topicals or consume edibles inside the spa. Individuals can also smoke in the store’s consumption lounge. Owner Rebecca Marroquin revealed that the business would be working together with Mary Jane’s Medicinal. The latter’s infused massage oils will be used in all services the spa offers to customers, from inner-body treatments and massages to nail services. Marroquin added that…

FridaySep 20, 2024 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Hires New CEO Amid Shift in Focus to Pharmaceutical Industry Collaboration and Operations

Lexaria, a global innovator in drug delivery platforms, announced the appointment of Richard Christopher as its new CEO, replacing Chris Bunka who will serve in his new capacity as Executive Strategic Advisor while remaining Chairman of the Board Lexaria also announced entering a Material Transfer Agreement with an undisclosed pharmaceutical industry partner, leading to speculation of which company has taken this formal step to get closer to Lexaria’s technology The company is focusing on this pharmaceutical industry collaboration and on investigations in cardiometabolic and GLP-1 sectors (alternative diabetes and obesity treatments), a huge sector that particularly needs its unmatched technology…

ThursdaySep 19, 2024 4:20 pm

420 with CNW — Study Finds Cannabis Grown in Colombian Jungles Possesses Uncommon Terpenes

A new study on cannabis grown in Colombia highlights the impressive variety of phytochemicals in the plants. The study identified four different chemotypes based on their cannabinoid profiles, revealing an abundance of uncommon terpenes. The study’s results, which were published in the “Phytochemical Analysis” journal, indicate that the wide range of compounds found in Colombian marijuana could benefit both growers and the medical cannabis industry. Further, the findings demonstrate Colombia’s potential to be a leader in the global cannabis industry, particularly in South America, as new markets continue to develop. The authors state that one reason for this diversity is…

WednesdaySep 18, 2024 4:20 pm

420 with CNW — Trump Backs Ongoing State, Federal Cannabis Reforms

Donald Trump reaffirmed his support for legalizing recreational cannabis in Florida earlier this week. He also expressed his approval for rescheduling marijuana at the federal level and advocated for removing banking restrictions on state-licensed cannabis businesses. While he hasn’t endorsed ending the federal ban on marijuana, U.S. presidential candidate Donald Trump has made comments that suggest he’s aware of its potential political influence. His remarks came just ahead of his first debate with Vice President Kamala Harris. Trump's support for Amendment 3, which he first hinted at in August, could potentially boost the initiative. If passed, the amendment would allow…

WednesdaySep 18, 2024 10:00 am

Could US Be Seeing End of Divisiveness on Marijuana Policy?

Recent developments on the political front in the United States are signaling greater acceptance of marijuana in the country. Public approval of the drug has grown considerably, with the medical use of marijuana being legal in 38 states, 4 territories and the District of Columbia. Recreational marijuana is also legal in 24 states, the District of Columbia and 3 territories. This represents about 53% of the country’s population. These jurisdictions now tax and regulate marijuana sales similar to alcohol. Voters in other parts of the country are also set to vote on the same in the upcoming elections. However, marijuana…