Cannabis News Box

These states will likely be voting on cannabis legalization in November

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 20, 2020

In less than three months, election day will commence. The event is sure to be unpredictable, what with 435 seats up for grabs in the House of Representatives. Moreover, approximately a third of seats in the Senate will be at stake, in addition to the oval office. Above all, the outlook for legal cannabis remains pr...

Legal cannabis sales could flourish thanks to Trump’s executive order for restoring jobless benefits

Legal cannabis sales could flourish thanks to Trump’s executive order for restoring jobless benefits

Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 20, 2020

Unemployment insurance offered during the COVID-19 outbreak has provided much relief to the jobless population in the United States. However, the temporary lifeline came to an almighty end on July 31, 2020. Thankfully, Trump has plans to reinstate coronavirus-related jobless benefits. An executive memor...

Protections for adult-use cannabis programs endorsed by the U.S. House

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 15, 2020

For the second year in a row, the U.S. House has approved an amendment that would prohibit interference with state-legal recreational and medical cannabis programs by the Department of Justice. The "Blumenauer-McClintock-Norton-Lee amendment" would safeguard cannabis programs that operate legally in accordance with state laws. It constitutes an element of the fiscal year ...

Michiganders have already snapped up $200 million worth of recreational bud in 2020

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Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 15, 2020

A recent report from Michigan Radio confirmed that $200 million worth of recreational cannabis products were purchased during the first seven months of 2020. The state launched its adult-use cannabis market on November 1, 2019. This past June, sales of recreational cannabis in Michigan exceeded medical...

Biden vows to use federal funds for cannabis expungement, ignorant to banking services

Biden vows to use federal funds for cannabis expungement, ignorant to banking services

Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 15, 2020

The Biden-Sanders Unity Task Force was unleashed by presumptive Democratic presidential nominee Joe Biden on July 10. “It is past time to end the failed ‘War on Drugs," reads a proclamation featured in this in-depth plan for drug reform.  Is this a genuine effort to dismantle drug-related crime,...

Cannabis sales could plummet following expiration of federal $600 weekly jobless benefit

http://thehybridcreative.com/california-sales-tax-filing-for-cannabis-products/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 13, 2020

The coronavirus has induced an unwelcome recession upon the United States. While there has been some green to rest on in regards to the $600 weekly payout people have been receiving amid COVID-19, the July 31 expiry date has made the cannabis industry sweat. The coronavirus-related weekly payments bega...

Raphael Mechoulam unleashes findings of stabilized cannabis substance, more potent than THC or CBD

Raphael Mechoulam unleashes findings of stabilized cannabis substance, more potent than THC or CBD

Bethan Rose Jenkins, Cannabis News Writer/Editorial

August 13, 2020

Professor Raphael Mechoulam – one of the first scientists who taught the world about how the "entourage effect" is triggered by certain cannabinoids – has gone and done it again. Mechoulam – A.K.A. the "father of cannabis research" – also went down in history as the man who discovered the human body’s...

Clint Eastwood is suing CBD companies over false endorsements

Clint Eastwood is suing CBD companies over false endorsements

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 31, 2020

The 90-year-old Hollywood actor that is Clint Eastwood has initiated a lawsuit against CBD companies that claimed he had tried their products. CBD – or 'cannabidiol' in its unabbreviated form – is a non-psychoactive cannabinoid of the cannabis plant that has dominated the mainstream for its annual ...

Retail cannabis sales in the U.S. are beating mainstream markets

https://www.marijuana.com/news/2017/12/whoa-cannabis-business-owner-actually-gets-his-seized-assets-back/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 30, 2020

Some of the most frequently purchased products in the United States include toothpaste, hard seltzer and sleep aids.  However, cannabis – a new product that has gone mainstream over the last couple of years – seems to be raking in more revenue for the United States' economy than the aforementioned...

High Times delays cannabis stock offering, awaiting filing of audited financials

https://cannabislifenetwork.com/high-times-to-acquire-dope-magazine/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 30, 2020

One of the cannabis industry's most acknowledged and trusted brands, Hightimes Holding Corp., has confirmed that it must wait until the company's 2019 audited financials are filed until it can close on its small-investor Regulation A initial public offering (IPO). The company, which is renowned for its month...

Northwest Territories in Canada are slashing prices to overshadow illicit market

Northwest Territories in Canada are slashing prices to overshadow illicit market

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 30, 2020

Cannabis consumers in Canada’s Northwest Territories are being treated to reduced prices on pot products. The NWT's finance minister Caroline Wawzonek recently announced a plan that will cut the cost of legal cannabis products by 10 percent. This, she says, will put the brakes on illegal sales. W...

Coronavirus stimulus money awarded to lucky few cannabis-related firms

https://mjbizdaily.com/marijuana-companies-mostly-shut-out-of-2-trillion-coronavirus-stimulus-package/

Bethan Rose Jenkins, Cannabis News Writer/Editorial

July 29, 2020

As of June 5, 2020, the Internal Revenue Service (IRS) had distributed 159 million coronavirus stimulus payments among residents of the United States. The $2 trillion federally-funded stimulus package enabled qualifying Americans to receive a one-time payment of up to $1,200; mainly by direct deposi...

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