NewsRoom Articles - Page 98 of 612

ThursdayNov 02, 2023 4:20 am

420 with CNW — City Data Shows Denver Has Collected $500M in Cannabis Taxes

According to recent city data, Denver has reached a new cannabis milestone: since 2010, tax income from recreational and medical cannabis has exceeded $500 million. While Colorado celebrates exceeding $15 billion in cannabis sales since legalization, Denver's report highlights the substantial tax dollars generated locally, supporting various public programs and services. For more than a decade, Denver has added an impressive $501,538,144 to its coffers through marijuana tax revenue. The city has already collected around $33 million in marijuana taxes this year alone. The revenue stems from various sources, including medical and retail marijuana sales tax, affordable housing tax, retail…

WednesdayNov 01, 2023 4:20 pm

420 with CNW — Study Concludes Set and Setting Impact Mental Health Benefits of Cannabis

A recently published study shows that engaging in yoga after using cannabis can lead to improved mystical experiences and mindfulness. The study suggests that the surrounding environment and activities can significantly influence a person's cannabis experience. The study, which forms part of a psychology dissertation submitted at the University of British Columbia, was intended to investigate how contextual factors during marijuana consumption impact overall well-being. Study author Sarah Elizabeth A. Daniels stated that when using psychoactive substances intended for mental-health treatment, researchers frequently take into account contextual factors outside the direct effects of the drug, such as one's behavior, mindset…

WednesdayNov 01, 2023 4:20 am

420 with CNW — MasterCard, Bank of America, NRA Lobby in Support of Marijuana Banking

The Bank of America, MasterCard and the National Rifle Association are among a group of institutions that have disclosed lobbying activities related to legislation that would grant the cannabis industry access to banking services. Despite generating billions of dollars in sales, America’s state-legal cannabis industry has had no access to financial services for most of its existence. Cannabis businesses cannot access financial aid, and they are forced to operate on a cash-only basis, making them prime targets for criminals looking for liquid assets to steal. After lawmakers failed to advance cannabis banking past the U.S. Senate several times, an amended…

TuesdayOct 31, 2023 4:20 pm

420 with CNW — MSO’s Foray into Marijuana Delivery Business Births Expansion Plans

Two years ago, MariMed, a Massachusetts-based multistate cannabis operator, decided to establish a cannabis delivery service within its home state. Following comprehensive research on existing marijuana carrier services, the company contemplated two primary strategies: initiate a delivery service from scratch or look into acquiring an existing delivery company in Massachusetts. Ultimately, MariMed opted to invest in Little Dog Delivery, and the two entities formed a strategic partnership. The essence of the partnership was MariMed's aspiration for Little Dog to function as an extension of Panacea Wellness, the trio of retail establishments that MariMed owns in eastern Massachusetts. Presently, Little Dog…

TuesdayOct 31, 2023 9:00 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) Grows List of Licensed Partners Following Exclusive Collaboration and License Agreement with SulfoSyn

Lexaria, a global innovator in drug delivery platforms, just announced an exclusive license to SulfoSyn Limited to use its patented DehydraTECH(TM) technology Lexaria will also perform specific DehydraTECH-related manufacturing operations on SulfoSyn’s behalf for an initial term of 2 years The license agreement adds to Lexaria’s growing list, which, as of the last two years, includes BevNology LLC, Premier Wellness Science Co. Ltd., and Dehydr8, LLC, among others It highlights the superiority of Lexaria’s technology, as further compounded by the 37 patents granted so far Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, just announced its latest…

TuesdayOct 31, 2023 4:20 am

420 with CNW — Marijuana Successes on Capitol Hill Galvanize Protagonist Groups

The past two decades have seen a dramatic shift in attitudes toward cannabis among both the American public and lawmakers. Millions of Americans now have access to marijuana through dozens of medical and recreational cannabis markets, and the controversial plant has strong support in legislative circles. Several polls also show that a majority of Americans support legalizing or decriminalizing the plant in some capacity. For example, a 2022 study by Pew Research Center found that 88% of American adults say medical and recreational cannabis use should be legal for adults while only 10% said cannabis shouldn’t be legal. With cannabis…

MondayOct 30, 2023 4:20 pm

420 with CNW — Seasonal Marijuana Harvesters in Demand Amid Layoffs

The competition for seasonal workers for this year's outdoor cannabis harvest has been relatively fierce. Many marijuana growers have downsized their full-time workforce in recent years in response to inflation, high-interest rates and the substantial capital required to compensate for this labor shortage. Over the past one and a half years, there have been numerous layoffs in the industry, resulting in slimmer crews that require additional assistance during the harvest season, according to Viridian Staffing CEO Kara Bradford. An April report from Vangst showed that total cannabis job numbers have declined by 2% since 2022, marking the first decline in…

MondayOct 30, 2023 4:20 am

420 with CNW — Cannabis Regulators Find Retail Outlets Have 99% Compliance Regarding Checking Age

A recent investigation by Colorado marijuana regulators has found that 99% of state-legal cannabis stores were compliant with underage sales checks. Out of 285 checks, cannabis regulators found only four failures, representing a “very high” compliance rate of around 99% for 2023. The state Department of Revenue’s Marijuana Enforcement Division (MED) noted in its latest quarterly Weeds newsletter that while any failure is unacceptable, the state still had an extremely high compliance rate for underage cannabis checks. Cannabis retailers in Colorado also had a 99% compliance rate in 2022 up from 95% in 2021, and 97% in 2020 and 2019.…

FridayOct 27, 2023 4:20 pm

420 with CNW — Lessons for Ohio from Michigan’s Recreational Cannabis Launch

Ohio may soon be the latest state in America to legalize recreational cannabis. Reform activists collected enough signatures for a legalization initiative titled Issue 2, and Ohioans are on track to vote on the measure in November. Multiple polls have found that most Ohio residents plan to vote in favor of the initiative to legalize and regulate recreational cannabis in the state. For example, a September poll by the Coalition to Regulate Marijuana Like Alcohol found that 55% of voters would “probably” or “definitely” support the recreational cannabis legalization initiative. Before Ohio potentially launches the latest recreational cannabis market in…

FridayOct 27, 2023 4:20 am

420 with CNW — Marijuana Contaminants Could Have Health Risks for Users

Cannabis use, whether for medical or recreational purposes, may have adverse effects due to the presence of harmful fungi contaminating the plants, according to a recent peer-reviewed study. The study, published in the “Frontiers in Microbiology” journal, employed data derived from earlier studies, combined with U.S. and international regulations related to the marijuana industry. The researchers examined various contaminants, including mucor, fusarium, penicillium, aspergillus and other fungi capable of infecting cannabis plants and generating mycotoxins. The findings showed that specific fungi could induce infections in lung and skin tissues, with such infections being more prevalent when marijuana is smoked compared…