NewsRoom Articles - Page 67 of 608

WednesdayMay 01, 2024 10:00 am

Cannabis Retailers Report Brisk Business During 4/20 Weekend

April 20 marks the day when the consumption of marijuana is celebrated globally, with individuals across the globe smoking the drug around 4:20 p.m. The holiday is popularly known as 4/20 and promotes the consumption of marijuana; historically, April 20 is often the best day for business annually for cannabis retailers. Recent reports from cannabis retailers in the United States, backed by industry data and firsthand accounts, show that business this past April 20 was huge. During this holiday, e-commerce and point-of-sale operators as well as retailers experienced considerable increases in foot traffic and revenue. Vendors and retailers handled the…

TuesdayApr 30, 2024 4:20 pm

420 with CNW — More States Could Mark Upcoming 4/20s with Legal Access to Marijuana

Marijuana remains prohibited under federal law in the United States, yet a significant number of states have opted to legalize its recreational use. Currently, 24 states and the District of Columbia (“DC”) have passed legislation permitting recreational cannabis, as reported by the National Organization for the Reform of Marijuana Laws (NORML). Additionally, 38 states and DC have established regulations allowing for medical cannabis usage. A recent survey conducted by the Pew Research Center highlights that a large majority of American adults, accounting for 88%, advocate for the legalization of marijuana. Within this majority, 32% express support for its legalization solely…

MondayApr 29, 2024 4:20 pm

420 with CNW — Politicians Tout Cannabis Policy Reform Progress as 4/20 Celebrations Take Place

Lawmakers from various states in the United States joined in the celebration of the 4/20 cannabis holiday on Saturday, April 20, 2024, adding their support to the growing movement for cannabis reform. While this day has traditionally been a time festivities within the marijuana community, it has also become a platform for politicians to advocate for further reform, reflecting the increasing bipartisan backing for the issue. In the lead-up to 4/20, members of Congress and advocates intensified their efforts to promote reform. This included calls for full legalization and proposals to enable banks to engage with state-regulated cannabis businesses. Representative…

MondayApr 29, 2024 10:00 am

Missouri AG Starts Investigating Intoxicating Hemp Derivatives

Earlier this week, Missouri’s AG began investigations in a bid to limit intoxicating hemp products. The issue, according to Attorney General Andrew Bailey, is products such as delta-8 vape pens and edibles, which aren’t labeled clearly for consumers. In his press release, the attorney general stated that people in Missouri had a right to know if the products they were buying had any serious or possibly dangerous side effects, such as hallucinations, severe confusion and psychotic episodes. Intoxicating products made from hemp are unregulated. Despite this, they are still sold in places such as gas stations and bars because hemp…

FridayApr 26, 2024 4:20 pm

420 with CNW — Maine Sounds Alarm on Illicit Marijuana Linked to Chinese Gangs

Maine is becoming the new hub for the illegal cannabis trade, with numerous unlicensed cultivation houses scattered across the state, according to a recent investigation conducted by CBS News. This trend mirrors a broader phenomenon unfolding countrywide, with illegal cannabis farms sprouting up in various states, such as Colorado, Oklahoma and California, as highlighted by the DEA’s former head of operations, Raymond Donovan. Donovan attributes Maine’s strategic suitability for marijuana cultivation to its discreet geographical location and proximity to prominent distribution hubs such as New York and Boston. A notable instance occurred in December when law enforcement authorities, after a…

FridayApr 26, 2024 10:00 am

A Decade Later, Colorado Voter Support for Cannabis Legalization Keeps Growing

New surveys show that more than 10 years after voters in Colorado passed a ballot initiative making it the first state in America to legalize adult-use cannabis sales, voters don’t regret their decision. Results from one poll conducted by the Colorado Polling Institute show that about 67% of registered voters saw the reform as a positive change for Colorado. This poll’s results were published in March. A separate poll carried out by Public Policy Polling (PPP) between April 8–9, 2024, determined that more than 71% of voters in the state thought marijuana needed to be legal and regulated in a…

ThursdayApr 25, 2024 4:20 pm

420 with CNW — Study Enumerates Therapeutic Effects, Quality of Life Benefits of Medical Cannabis

A recent publication in the “Medical Cannabis and Cannabinoids Journal,” authored by LECOM in collaboration with AYR Wellness (AYR), delves into the effects of medically approved cannabis on patients’ mental, social and physical well-being. The study showed that patients experienced notable enhancements across these domains, including increased energy levels, within the initial 30 days of treatment with medical cannabis. This study is the partnership’s first publication; four further studies examining the medical benefits of cannabis are in the works. The 90-day cohort study involved 103 adults (18 years of age and older) and was designed to evaluate the effects of…

WednesdayApr 24, 2024 4:20 pm

420 with CNW — Cannabis Taxes Are Underperforming Expectations in Several States

Approximately one-half of the U.S. population resides in states where recreational cannabis is legally accessible. Furthermore, 11 additional states, including Florida and Wisconsin, are contemplating legalization this year. One of the primary arguments for the legalization of cannabis is the potential for increased state tax income. However, the amount of revenue generated depends on the regulatory decisions made by each state regarding the cannabis industry and the method of taxation employed. Taxes on recreational cannabis typically revolve around factors such as potency, price, weight and quantity, similar to the taxation of other “sin products” such as alcohol and tobacco. Taxation…

WednesdayApr 24, 2024 10:00 am

Study Finds CBD Could Effectively Combat Crack-Use Disorder

New research has discovered that individuals who use CBD for crack-use disorder may have fewer adverse health events as well as better health outcomes. This is in comparison to patients who were on conventional treatments. For their study, the researchers conducted a double-blind, randomized, controlled trial where they compared CBD to clonazepam, valproic acid and fluoxetine, which are commonly used to treat crack use disorder. Study participants were 18 to 65 years of age and had either used crack at least 20 times in the last month, used it regularly for the last 12 months, or had an intention or…

WednesdayApr 24, 2024 9:00 am

Zoned Properties Inc. (ZDPY) Advancing Initiatives Through the Cannabis Sector

The cannabis industry supports communities through job creation, tax revenue generation, social equity programs, and community outreach initiatives ZDPY focuses on seizing direct-to-consumer real estate opportunities in the regulated cannabis market while enabling businesses to support the communities where they operate ZDPY's portfolio includes properties leased to licensed cannabis operators in Arizona, Illinois, and Michigan with 100% occupancy and a weighted average lease term of 10+ years ZDPY anticipates more than $2.5 million from its property investment portfolio in 2024 The cannabis industry supports the community through job creation, tax revenue generation for essential services, social equity programs, philanthropic efforts,…