March 2022 - Page 4 of 7 - CannabisNewsWire

ThursdayMar 17, 2022 4:20 pm

420 with CNW — Congressional Democrats Discuss Cannabis Equity Issues During Policy Retreat

A policy retreat that featured a panel discussion on advancing cannabis reform with a focus on the promotion of equity was attended last week by Democratic congressional legislators. The panel was moderated by Rep. Barbara Lee and was focused on the need to ensure that communities that were most affected by prohibition could benefit from the federal legalization of marijuana. Those in attendance discussed the Marijuana Opportunity, Reinvestment and Expungement (“MORE”) Act, which was sponsored by Jerrold Nadler, the House Judiciary chair. The event was held in Philadelphia a day after the House passed a large-scale spending bill that carries…

ThursdayMar 17, 2022 4:20 am

420 with CNW — ABA Poll Shows Americans Want SAFE Banking Act Passed

A recent survey released by the American Bankers Association has found that almost 70% of Americans are in favor of allowing financial institutions to work with cannabis businesses without the threat of being penalized. The poll, which was conducted by Morning Consult, interviewed more than 2,000 adults between February 18–19, 2022. The survey asked respondents a pair of questions on cannabis banking. The first asked respondents whether they support or oppose allowing cannabis businesses to “access traditional banking services, like a checking account or business loan, in states where cannabis is now legal.” The poll found that 65% were in favor…

WednesdayMar 16, 2022 4:20 pm

420 with CNW — Proposed Congressional Bill Encourages Military Veterans to Discuss Medical Cannabis Treatment with Physicians

Rep. Seth Moulton (D-MA) is sponsoring a new bill in Congress that would encourage military veterans to talk about using medical marijuana for treatment without the fear of losing federal benefits. The aim of the legislation is to make it harder for future Veteran Affairs (“VA”) leaders to change existing policies that currently allow VA physicians to talk to their patients about using medical cannabis for treatment. The bill states that veterans cannot be found ineligible for care and services because of their participation in state-funded cannabis programs. The bill clarifies, however, that no individual can use marijuana while on…

WednesdayMar 16, 2022 4:20 am

420 with CNW — New Poll Finds More Than 30% of Parents Can’t Tell CBD, Marijuana Apart

A recent poll has found that an estimated 80% of parents know almost nothing about CBD products. CBD (cannabidiol) is a chemical compound found in the hemp and cannabis plants. CBD usually contains only 0.3% of THC. THC (tetrahydrocannabinol) is the psychoactive component of the cannabis plant that induces a high when consumed. The poll found that of the 7% of parents who had considered giving or had given their child a CBD product, only about 30% had discussed its use with their child’s pediatrician. Close to 2,000 parents in the country participated in the poll, with 35% of them…

TuesdayMar 15, 2022 4:20 pm

420 with CNW — Why You Should Buy Marijuana from Licensed Outlets

Cannabis consumers have a strong relationship with their dealers. This is because their communication methods offer a convenient connection to a supply of marijuana. As a result of this back and forth, a relationship develops over time in which the involved parties mutually benefit from each other. Cannabis dispensaries, on the other hand, also provide benefits. Despite offering cannabis at prices that could be slightly higher than on the black market, dispensaries come with the security and quality control on top of supplying consumers with a variety of options. A licensed cannabis dispensary is a brick-and-mortar space that offers its…

TuesdayMar 15, 2022 9:15 am

Sugarmade Inc. (SGMD) in Strong Position as California Wholesale Cannabis Prices Rebound

A “bear run” in California’s volatile wholesale cannabis market may be over “A wholesale turnaround would be welcome news for thousands of growers across the state SGMD operates Nug Avenue, a cannabis delivery service located in the Los Angeles metropolitan area As wholesale cannabis prices increase in California, cannabis companies operating in the state are already seeing improvement (https://cnw.fm/cukxe). One of those companies, Sugarmade (OTC: SGMD), has set its eyes on expanding its end-market access as a central player in the growing California cannabis delivery marketplace while also developing its in-house cannabis production capacity to verticalize operations in the space.…

TuesdayMar 15, 2022 4:20 am

420 with CNW — Illinois House Passes Measure Protecting Marijuana Users from Workplace Discrimination

Last week, the Illinois House of Representatives approved a bill that would protect workers who use cannabis while off-duty from being terminated. The bill would also prevent employees from discriminating against job seekers who have tested positive for cannabis. The measure is currently under consideration in the Senate and includes some exemptions. The bill is sponsored by Democratic Representative Bob Morgan, who states that individual liberties should be respected. He spoke to WGEM saying that no one should be discriminated against in the workplace because of their choices as long as those choices do not impact the working environment. Illinois…

MondayMar 14, 2022 4:20 pm

420 with CNW — Biden Administration Warns Applicants to Refrain from Investing in Cannabis Companies

Smoking cannabis may no longer be the only obstacle that keeps you from getting a job with security clearance. Turns out, investing in marijuana companies may also be an impediment. According to an internal presentation, the White House has broadened its employee conduct guidelines to deny clearance to any person who has invested in companies involved in the cannabis industry. The document states that an individual’s eligibility could be impacted negatively if they directly and knowingly invest in business ventures or stocks that are related to cannabis retailers and cultivators. It goes on to indicate that any decision made to…

MondayMar 14, 2022 9:30 am

Hero Technologies Inc. (HENC) Applies for Listing on OTCQB, Committed to Inform and Engage Investors

CEO affirms “it is essential that our shareholders and other investors understand that we are committed to sharing information transparently” OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving fair valuation HENC also hopes to engage several entities, individuals and influencers to post on social media sites In a strategic move designed to inform and engage investors, Hero Technologies (OTC: HENC) has applied to the OTC Markets Group to list its common stock on the OTCQB marketplace (https://cnw.fm/GCq5v). The OTCQB Venture Market offers early-stage and developing companies the benefits of being publicly traded in the United…

MondayMar 14, 2022 4:20 am

420 with CNW — Which Branch of the US Federal Government Could Initiate Marijuana Policy Reform?

The U.S. cannabis industry is experiencing a boom right now with Americans spending almost $25 billion on adult use cannabis products in 2021. Despite the growth, the industry has been affected by outdated policies that classify the drug as a Schedule 1 substance. This has greatly affected business operations, and as a result, corporations are working with advocacy groups to lobby for reforms that could significantly transform the industry. Meanwhile, countries such as Canada and the United Kingdom have changed their legislation to promote legality and medical research of the drug. As the midterm polls approach, industry experts are predicting…

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Month: March 2022