November 2024 - Page 3 of 3 - CannabisNewsWire

FridayNov 08, 2024 4:20 pm

420 with CNW — Recreational Marijuana Measure Attracts Heavy Funding on Both Sides in South Dakota

The financial race surrounding the recreational marijuana legalization initiative in South Dakota was highly competitive, with both opponents and supporters gathering nearly equal resources. This set the scene for an intense debate while voters prepared for the November 5 ballot. Both sides have collectively raised around $915,000, showcasing the deeply split opinions across the state on the matter. Advocates for Initiated Measure 29, which aims to legalize the use and sale of cannabis for those aged 21 and over, have secured about $458,000 in funding. The main group pushing for the measure, known as the Yes on 29 Ballot Committee,…

FridayNov 08, 2024 10:00 am

CDC Study Suggests Construction Workers, Creatives and Food Prep Personnel Highly Likely to Use Marijuana

A recently conducted analysis has determined that workers in the hospitality and food service industries are some of the most common consumers of marijuana. Workers in extraction and construction, as well as individuals in media, sports, entertainment, arts and design occupations also reported relatively high rates of past-month marijuana use. The analysis was conducted by investigators at the Centers for Disease Control and Prevention and is based on data from the agency’s Behavioral Risk Factor Surveillance System. This survey, which primarily focuses on behaviors and health conditions, started collecting data from respondents about their occupation status and employment in 2013.…

ThursdayNov 07, 2024 4:20 pm

420 with CNW — Gallup Survey Finds US Bipartisan Majority Support for Cannabis Legalization Stable

Support for legalizing cannabis is showing consistent strength across the United States, according to a recent survey by Gallup. The findings highlight that a significant majority of Americans, regardless of political affiliation, continue to endorse marijuana reform. The survey revealed a slight dip in support compared to last year’s figures, but the change falls within the margin of error and is not considered statistically significant, according to a Gallup representative. As voters head into elections where cannabis reform will appear on various state ballots, the poll indicates that 68% are in favor of legalization, while 31% remain opposed. Breaking down…

ThursdayNov 07, 2024 10:00 am

US Jurisdictions that Voted on Marijuana Legalization Could Generate $3 Billion Upon Launch

Different jurisdictions across America voted on initiatives to legalize marijuana on Election Day. Voters in the states of Florida, North Dakota and Nebraska voted on measures to legalize adult-use and medical marijuana this month. A recently conducted analysis projects that the new markets could jointly generate $3 billion in their first year of sales. The analysis shows that the majority of the projected revenue would come from Florida if voters approve recreational sales by passing Amendment 3. Consumers are expected to spend about $2.9 billion on recreational cannabis once the new market is launched in Florida. By the fourth year,…

WednesdayNov 06, 2024 4:20 pm

420 with CNW — Fighters in Nevada Are No Longer Prohibited from Using Marijuana

The Nevada State Athletic Commission (NSAC) recently removed marijuana from its list of prohibited substances. This change means that fighters in the state who possess, use, or consume marijuana products will no longer face penalties for violating anti-doping rules. For years, cannabis was classified as a banned substance, and fighters were often penalized if it was detected in their system. UFC fighters such as Trevin Jones, for example, have seen their victories overturned, changing their records to no-contests due to positive tests for marijuana. Additionally, in 2015 popular fighter Nick Diaz received a severe penalty for marijuana use: a five-year…

TuesdayNov 05, 2024 4:20 pm

420 with CNW — Kentucky’s First Lottery Selects 26 Businesses to Receive Medical Marijuana Licenses

Kentucky is making significant progress toward introducing medical cannabis as an option for healthcare in the state. Recently, 26 businesses were chosen to cultivate and process medical cannabis, which will soon be available for sale across Kentucky. The businesses earned their licenses through a random lottery held at the Kentucky Lottery office in Louisville. Governor Andy Beshear expressed enthusiasm about the milestone, highlighting that all medical marijuana activities—from cultivation and processing to testing and dispensing—will occur within Kentucky. Further, he stated that the lottery was a step closer to providing safe and affordable access to medical marijuana for Kentuckians dealing…

TuesdayNov 05, 2024 10:00 am

DEA Judge Postpones Cannabis Rescheduling Hearing to Next Year

The DEA recently revealed that a hearing on cannabis rescheduling is being delayed until next year. This news comes after the agency’s administrator Anne Millgram gave the stamp of approval for more than 24 witnesses to take part in the hearing this coming week. Soon after this, Chief Administrative Law Judge John Mulrooney gave a preliminary order indicating that the data provided on those supposed to testify was inadequate and requested additional details. He also hinted at a formal hearing being scheduled for January or February of next year. When the department of justice proposed that marijuana be moved to…

MondayNov 04, 2024 4:20 pm

420 with CNW — New Jersey Marijuana Advocates Discuss the Possibility of Increasing the Fee for Social Equity

Advocates in New Jersey are currently debating whether the state’s Marijuana Regulatory Commission should raise the fee directing revenue from recreational cannabis sales to fund social equity initiatives and support communities affected by past drug policies. The commission is set to meet soon to determine the fee rate that will apply starting January 1. Presently, the fee is set at $1.24 per ounce. Four years since New Jersey legalized recreational cannabis, some advocates argue that it is time to increase the fee to $30 per ounce. New Jersey has some of the lowest marijuana taxation in the nation, according to…

FridayNov 01, 2024 4:20 pm

420 with CNW — Why Cannabis Firms Need to Give Branding Adequate Attention

A troubling tendency has surfaced in states where marijuana markets are regulated: businesses frequently offer their goods using identical or very similar trademarks. This overlap occurs because the United States Patent and Trademark Office (USPTO) prohibits federal trademark safeguarding for cannabis products, as they are illegal at the federal level. In the absence of federal trademark safeguards, marijuana businesses are left with little choice if they want to prevent others from using identical brand names or logos in different states. This situation has created a unique issue in the sector where customers question if a product is from Company A…

FridayNov 01, 2024 10:00 am

Multistate Operators and Their Contribution to the Marijuana Industry

The rise of marijuana multistate operators has increased concerns that independent cannabis business owners may be driven out of business by organizations that have more money, power, and influence. Despite the negative way multistate operators are perceived, most take significant risks and work with local as well as state legislators to develop infrastructure and expand cannabis access in the U.S. By understanding the roles of multistate operators, independent businesses can use their work to their advantage. For instance, they have helped launch legal markets in jurisdictions that may not have been possible. A good example of this is the successful…