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May 19, 2022 4:20pm
A bicameral conference charged with negotiating the final text of a large-scale bill intended to make the U.S. competitive against China saw many conferees express support for including cannabis banking language in the manufacturing bill. This was during the first sitting of the conference. At least half a dozen conferees took to the floor to … Continue reading “420 with CNW — Congressional Legislators Voice Support for Cannabis Banking”
May 19, 2022 4:20am
In the wake of the recent armed robberies targeting marijuana businesses, Washington state has partnered with a private company to give cannabis businesses access to a free security check so that experts can advise the businesses about what specific steps each company needs to strengthen in order to reduce the likelihood of being adversely affected … Continue reading “420 with CNW — Washington State Offers Cannabis Shops Free Security Checks”
May 18, 2022 4:20pm
The use of marijuana, whether for medicinal or recreational purposes, has grown rapidly within the United States during the past few years. This growth is said to be due to the wave of legalizations that has swept through several states as well as the changing public attitudes towards this controversial plant. The growing use of … Continue reading “420 with CNW — New Device Could Provide More Accuracy in Measuring Cannabis Impairment”
May 18, 2022 4:20am
The National Institutes of Health (NIH) has published a notice calling on interested researchers to apply for funding to facilitate studies related to the role cannabis can play in various aspects of cancer treatment. In that notice, the federal agency revealed that one out of every four patients with cancer report using marijuana products in … Continue reading “420 with CNW — NIH to Fund Studies Exploring Marijuana’s Role in Cancer Treatment”
May 17, 2022 4:20pm
The U.S. IRS Taxpayer Advocate, an agency under the Internal Revenue Service (IRS), has published a blog post in which the agency discusses the tax obligations that marijuana companies have and the efforts which are being taken at the Congressional level to resolve some of those challenges. The blog post pointed out that, although companies … Continue reading “420 with CNW — IRS Official Discusses Cannabis Sector’s Current Financial Challenges”
May 17, 2022 4:20am
The government in Thailand has announced that it plans to distribute one million free marijuana plants in June as it marks the commencement of a new law permitting the cultivation of marijuana at home. This announcement was made by the nation’s health minister. Anutin Charnvirakul, Thailand’s health minister, took to Facebook to make his announcement … Continue reading “420 with CNW — Thai Government to Distribute Marijuana Plants for Home Cultivation”
May 16, 2022 4:20pm
Jordan Brown, age 29, was shot and killed on March 19, 2022, during an armed robbery while he worked his shift as a budtender in Tacoma, Washington. He was an employee at a company called World of Weed. Joshua Chase, the proprietor of Oakland-based Oakanna, took a shot in his foot on April 24. Brian … Continue reading “420 with CNW — Capitol Hill Warms to Marijuana Banking Amid Crime Wave”
May 16, 2022 4:20am
According to a recent report by Reason Foundation, the high taxes levied on state-approved marijuana products as well as the “marijuana deserts,” or localities and municipalities that have banned cannabis sales, have helped the black market to thrive within the state. Geoffrey Lawrence, the managing director of Reason Foundation, says approximately 80% of the localities … Continue reading “420 with CWN — Report Shows High Taxes, Marijuana Deserts Stoking California Black Market”
May 13, 2022 4:20pm
When the marijuana legalization wave started sweeping through several U.S. states and neighboring countries, there was concern about what would be done about all the waste from the packaging products in which cannabis is sold. [Re] Waste, an Alberta-based startup in Canada, has come up with an answer that is minting money for the company. … Continue reading “420 with CNW — Edmonton Startup Finds Success Recycling Marijuana Containers”
May 13, 2022 4:20am
As hopes rise that the United States could soon legalize marijuana federally, many cannabis business owners are dreaming of the upcoming M&A frenzy that could provide a profitable way out of the startups they have founded. However, experts point out that only those marijuana companies that were properly prepared for eventual sale will attract the … Continue reading “420 with CNW — Tips to Help You Get Your Cannabis Firm Ready for Sale”
May 12, 2022 4:20pm
When the recreational marijuana industry was launched in California, the trend was for every company to be vertically integrated. This meant that everything was handled in-house from cultivation and manufacturing to packing, retail sales and distribution. As the industry has matured, the shortcomings of vertical integration have become all too apparent, and companies are divesting … Continue reading “420 with CNW — California Cannabis Firms Sell Assets, Narrow Focus”
May 12, 2022 4:20am
While speaking at a marijuana parade and rally in New York City last Saturday, Senate Majority Leader Chuck Schumer revealed that he had so far talked to half a dozen Republican senators about his upcoming federal legalization bill for marijuana. The annual NYC Cannabis Parade and Rally attracted notable attendees such as Jerrold Nadler, the … Continue reading “420 with CNW — Schumer Has Talked to Six GOP Senators About Bill”
May 11, 2022 4:20pm
The recreational marijuana market in Illinois seems to be getting over the dip it experienced at the beginning of the year, state records show. According to figures released by the Department of Financial and Professional Regulation (IDFPR), a total of $132 million was registered from the adult-use cannabis sales made during the month of April. … Continue reading “420 with CNW — Illinois Cannabis Sales Resume Upward Trajectory”
May 11, 2022 4:20am
The number of Democratic and Republican senators showing their support for including marijuana banking in the COMPETES Act is growing, and this suggests that not all is lost in regards to enacting a marijuana policy reform this year. It should be noted that the marijuana banking bill was left out of the Senate version of … Continue reading “420 with CNW — Momentum Builds to Pass Marijuana Banking Bill in Senate”
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