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Cannabis News Box

Cannabis News Box

Cannabis News Box

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Report: Adult-use cannabis legalization in the U.S. is not associated with adverse social effects

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 26, 2021

A report published by the Cato Institute on February 2 has not found any link between recreational cannabis legalization in the United States and adverse social effects.  Titled, “The Effect of State...

https://www.awesemo.com/sideaction/isiah-thomas-is-now-the-head-honcho-of-a-cbd-firm-that-grows-marijuana-in-colombia/

Hemp and cannabis company gets $3 million investment from NBA legend Isiah Thomas

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 18, 2021

Isiah Thomas, a retired NBA Hall of Famer, is shooting hoops in the cannabis industry. Thomas, who was named an NBA All-Star in both 2016 and 2017, has announced that he is investing $3 million into One...

https://www.commdiginews.com/business-2/cannabis-act-canada-passes-103563/

Canada’s legal recreational cannabis market surpasses illicit spending for first time

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 18, 2021

Sales accrued through Canada's recreational cannabis market have overtaken the illegal segment, according to Statistics Canada. The government agency claims that the legal adult-use sector surpassed illicit...

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MedMen is being sued by former employees for almost $1 million

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 18, 2021

A cannabis class action lawsuit filed two and a half a years ago by a former MedMen employee has almost come to a head.  The suit, which will proceed to a hearing on March 1, could result in the plaintiffs...

California cannabis workers entitled to receive immediate COVID-19 vaccinations

California cannabis workers entitled to receive immediate COVID-19 vaccinations

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 18, 2021

A number of high-demand industry workers in California are being informed of their coronavirus (COVID-19) vaccine eligibility. Included within Phase 1 eligibility are a handful of alternative care sectors,...

Study suggests America's approach to cannabis is still overly racist

Study suggests America’s approach to cannabis is still overly racist

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 15, 2021

A new study published by the American Civil Liberties Union (ACLU) suggests that black people are 3.6 times more likely to be arrested for cannabis possession than white people living in the United States.  Composed...

Jazz Pharmaceuticals snaps up medical cannabinoid firm GW Pharma for $7.2 billion

Jazz Pharmaceuticals snaps up medical cannabinoid firm GW Pharma for $7.2 billion

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 15, 2021

On Wednesday, February 3, Jazz Pharmaceuticals Plc. announced that it had agreed to purchase GW Pharmaceuticals plc in a cash-and-stock deal valued at $7.2 billion.  The goal of this deal is to incorporate...

https://www.kktv.com/content/news/Colorado-House-OKs-bill-on-medical-marijuana-use-for-autism-505519161.html

Colorado’s cannabis sales approach $10 billion since the market’s inception

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 15, 2021

Colorado, which boasts one of the largest and well-established legal cannabis markets on the planet, has reached a sales milestone. Based on new figures published by the State Department of Revenue, the...

Report illustrates $28B billion growth in global legal cannabis market between 2020 and 2024

Report illustrates $28B billion growth in global legal cannabis market between 2020 and 2024

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 15, 2021

A new report titled, "Global Legal Cannabis Market 2020-2024," has been released by leading market research and advisory company Technavio. The in-depth analysis encompasses the growing acceptance of cannabis...

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IRS doesn’t intend on publishing 280E tax guidance for cannabis companies anytime soon

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 11, 2021

Cannabis companies impacted by Section 280E of the federal tax code have been informed that the much-anticipated guidance won't be released just yet. This is according to Internal Revenue Service (IRS)...

Schumer prioritizing federal cannabis legalization in reform effort with two other U.S. senators

Schumer prioritizing federal cannabis legalization in reform effort with two other U.S. senators

Bethan Rose Jenkins, Cannabis News Writer/Editorial February 9, 2021

On February 1, U.S. Senate Majority Leader Chuck Schumer formally announced a plan to advance cannabis reform. Schumer made the announcement alongside Senators Cory Booker and Ron Wyden.  Back in January,...

Biden’s DOH nominees could steer U.S. cannabis reform in the right direction

Biden’s DOH nominees could steer U.S. cannabis reform in the right direction

Bethan Rose Jenkins, Cannabis News Writer/Editorial January 31, 2021

Will cannabis legalization be a repercussion of the Biden-Harris administration and a Democrat-controlled Congress? Based on recent reports, industry professionals are feeling optimistic that President-elect...

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