NewsRoom Articles - Page 82 of 592

WednesdayOct 04, 2023 4:20 pm

420 with CNW — SAFER Banking Bill Clears Panel, Heads to Senate Floor

The Senate Banking Committee advanced a new bill on Sept. 27, 2023, that would grant marijuana businesses access to banking services. The bipartisan measure, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, seeks to provide legal safeguards for financial institutions that choose to offer services to state-regulated cannabis enterprises. Senator Jeff Merkley (D), the bill's lead sponsor, celebrated this progress as a historic event, highlighting the remarkable spirit of cooperation across party lines. He expressed his concerns about the current scenario where legal cannabis businesses are forced to operate solely in cash, terming it an invitation to criminal activities…

WednesdayOct 04, 2023 4:20 am

420 with CNW — Marijuana Banking Outlook Improves in Senate

Banking access in America’s state-legal marijuana industry has been a controversial topic since its inception. Federal law prohibited cannabis even as dozens of states legalized the plant for medical and recreational use, resulting in a state-level industry that dealt in a federally outlawed product. Consequently, businesses in the cannabis sector were unable to access banking and financial services as financial institutions generally avoided state-legal cannabis cultivators, processors, and retailers for fear of federal reprisal. Efforts by a group of lawmakers to mitigate this issue and finally grant the cannabis industry access to banking have generally moved at a slow pace,…

TuesdayOct 03, 2023 4:20 pm

420 with CNW — Thai PM Announces Clampdown on Marijuana in Major Policy Reversal

Srettha Thavisin, Thailand’s newly elected prime minister, has pledged to change the country's cannabis laws over the next six months to limit their use to medical purposes only. Thailand became the first Asian country to decriminalize marijuana after delisting the plant as a narcotic last year, resulting in a surge of cannabis dispensaries and cafes in major tourist locations such as Pattaya, Chiang Mai and Bangkok. Currently, Thai law allows adults over the age of 20 to use marijuana inside their homes but not while they are nursing or pregnant. Furthermore, foods containing cannabis extracts are permitted to be served…

TuesdayOct 03, 2023 4:20 am

420 with CNW — Top Minnesota Marijuana Regulatory Official Quits as Background Information Raises Questions

A recently appointed marijuana regulatory official in Minnesota has stepped down just a day after taking the post after an MPR-APM report revealed conflicts of interest and evidence of business impropriety. Minnesota Governor Tim Walz appointed Erin DuPree as the head of the new Minnesota Office of Cannabis Management on Sept. 21, 2023, and his office penned a press release praising her for leading research on cannabis and hemp-derived products while remaining compliant with state cannabis regulations and laws. However, a background review by APM Reports and MPR News raised major questions about her background and the Walz administration’s verification…

MondayOct 02, 2023 4:20 pm

420 with CNW — Wyoming Activists Consider Court Action Against Government Official Regarding Stand on Marijuana Voter Measure

Activists behind two cannabis reform measures in Wyoming are considering seeking legal action against the secretary of state over a voter-signature disagreement. According to the campaign, Secretary of State Chuck Gary’s office “provided incorrect information” on the number of signatures activists had to submit for their measure to qualify for the 2024 ballot. The Compassionate Options Wyoming, the state Libertarian Party and Wyoming NORML says the misunderstanding has turned into a time-consuming back-and-forth that has derailed the marijuana reform measures and prompted them to consider litigation. Both measures would legalize medical cannabis in Wyoming and decriminalize simple possession of small…

MondayOct 02, 2023 4:20 am

420 with CNW — Payment Processing Firm Enters Canada’s Cannabis Market

Payment processing platform Square has announced its entry into the Canadian marijuana market through a collaboration with Jane Technologies, an online service that enables customers to order cannabis for store pickup or delivery. In line with the partnership, Square is poised to launch an early-access program tailored for licensed cannabis dispensaries in Ontario. The program will allow dispensaries to begin testing Square for retail point of sale (POS) solution within their brick-and-mortar stores, paving the way for a broader launch later on. In addition to payment processing, Square's new cannabis client services also feature real-time inventory tracking across various retail…

FridaySep 29, 2023 4:20 pm

420 with CNW — NCAA Panel Recommends Removal of Cannabis from Prohibited Substances List

A committee within the NCAA has officially recommended removing cannabis from the list of prohibited substances for college athletes. The Committee on Competitive Safeguards and Medical Aspects of Sports (CSMAS) reached this conclusion following a recent meeting, urging all three governing bodies within the association to enact legislation that would cease the testing and penalizing of players for cannabinoids. The committee based its recommendation on several factors, including the inadequacies of the current policy, their conviction that marijuana does not improve athletic performance and the significance of adopting a harm-reduction approach. Should the reform be accepted, it will build upon…

FridaySep 29, 2023 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Steadily Advancing its DehydraTECH(TM) Technology, Having Demonstrated its Potential Across Multiple Areas of Application

Lexaria’s patented DehydraTECH(TM)-processed CBD has shown its ability to lower blood pressure in patients over multiple weeks This technology has also shown positive impacts in obese diabetic-conditioned animals from its DIAB-A22-1 pre-clinical study The NIC-H22-1 human nicotine study also demonstrated a statistically significant difference to achieve maximum blood saturation These results have demonstrated DehydraTECH’s potential while propping it to take advantage of vastly untapped markets with potential for growth in the coming years Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, is steadily advancing its patented DehydraTECH(TM) technology for its growing range of applications, which include oral…

FridaySep 29, 2023 4:20 am

420 with CNW — GOP Senators File Measure Seeking Congressional Approval of Marijuana Scheduling Change

Two Republican lawmakers have filed a measure that would force federal agencies to receive Congressional approval before they can reschedule cannabis. The Deferring Executive Authority (DEA) Act is sponsored by Senators Steve Daines and Cynthia Lummis, who provided brief previews of the measure during statements regarding the Secure and Fair Enforcement Regulation (SAFER) Banking Act. The recently introduced measure would require any federal agency interested in rescheduling cannabis to first submit to Congress its proposal for transferring the Schedule I drug from one classification to another. Congressional lawmakers would have the chance to review the proposal and would be granted…

ThursdaySep 28, 2023 4:20 pm

420 with CNW — California Cannabis Companies Urge Newsom to Veto New Product Labeling Law

California's cannabis companies are urging Governor Gavin Newsom to reject a recently passed measure aimed at dissuading children from accessing marijuana products. The businesses argue that the bill would result in the prohibition of the current branding of numerous established products while failing to address the persisting issue of the black market. Last week, the California Assembly passed AB 1207, which effectively bans any packaging or labeling of marijuana products deemed “enticing to minors.” This bill defines such packaging as any promotional material featuring elements such as cartoons, toys, robots, fictional or real humans, animals, fruits, vegetables, or anything else…