Cannabis News United States


on April 29, 2019 in Cannabis News United States

Local marijuana entrepreneurs hoping for clarity amid banking haze

Submitted by Marijuana News Rest assured, the cash patients pay at local medical marijuana dispensaries doesn’t end up under a mattress. “We do have a bank,” said Jimil Wilson, chief financial officer for Maitri Medicinals, Fayette County’s only state-approved medical marijuana dispensary in Uniontown. So does Washington County’s only dispensary, The Healing Center in Washington. The leadership of both are aware of the common misconception that they’re cash-and-carry operations because marijuana is still illegal under federal law even in states that have legalized it for medical or recreational purposes. But the banking services available to them come at a...

Submitted by Marijuana News Rest assured, the cash patients pay at local medical marijuana dispensaries doesn’t end up under a mattress. “We do have a bank,” said Jimil Wilson, chief financial officer for Maitri Medicinals, Fayette County’s only state-approved...

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on April 16, 2019 in Cannabis News United States World News

U.S. gains ground on struggling Canada in race for pot revenue

Submitted by Marijuana News Planet 13 Holdings Inc. generated more revenue from its one flagship store in Las Vegas last month than Cronos Group Inc. did across Canada in the fourth quarter, yet Cronos’s market value is about 21 times larger than Planet 13’s. The valuation gap is just one dramatic example of the persistent disconnect between Canadian and U.S. cannabis stocks, and a reminder of the potential size of the American pot market as legalization spreads. Cannabis companies with U.S. operations have been held back by the illegality of the drug at the federal level, which has depressed...

Submitted by Marijuana News Planet 13 Holdings Inc. generated more revenue from its one flagship store in Las Vegas last month than Cronos Group Inc. did across Canada in the fourth quarter, yet Cronos’s market value is about 21...

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on April 16, 2019 in Cannabis News United States

Native American reservation becomes first in Michigan to legalize cannabis

Submitted by Marijuana News The Bay Mills Indian Community in Michigan legalized recreational cannabis on Monday, making it the first Native American reservation in the state to do so. Under the ordinance passed by the Bay Mills Executive Council, the possession, use, and cultivation of marijuana for personal use by adults 21 and older are now legal on the reservation located in Chippewa County on Michigan’s Upper Peninsula. Voters in Michigan legalized recreational marijuana in last November’s midterm elections with the approval of Proposal 1, with 55 percent of the electorate voting in favor of the measure. Bay Mills Indian Community (BMIC)...

Submitted by Marijuana News The Bay Mills Indian Community in Michigan legalized recreational cannabis on Monday, making it the first Native American reservation in the state to do so. Under the ordinance passed by the Bay Mills Executive Council, the possession,...

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on April 16, 2019 in Cannabis News United States

Colorado study finds regular cannabis users require more anesthesia for medical prcedures

Submitted by Carlie Green Cannabis users may need more than triple the typical amount of anesthesia for medical procedures according to the findings of a new study. Colorado researchers conducted the study by examining medical records of 250 patients who had an endoscopy. Of those patients, 25 used cannabis regularly between 2015 and 2017. It was found that patients who used cannabis every day or weekly required 220.5 percent higher of a dose of propofol during sedation than patients who did not. Regular consumers also required 14 percent for fentanyl and 19.6 percent more midazolam. “We were surprised by...

Submitted by Carlie Green Cannabis users may need more than triple the typical amount of anesthesia for medical procedures according to the findings of a new study. Colorado researchers conducted the study by examining medical records of 250 patients...

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on April 16, 2019 in Cannabis News United States

UCLA researcher to study the social impact of cannabis

Submitted by Marijuana News California was one of the first states to legalize adult-use cannabis, and as such, it’s become somewhat of an experimental oddity for the rest of North America. In anticipation of the drug’s social impact, University of California, Los Angeles (UCLA) developed the UCLA Cannabis Research Initiative (CRI), a special initiative of the Jane and Terry Semel Institute for Neuroscience and Human Behaviour in conjunction with the UCLA Brain Research Institute. Led by Dr. Jeff Chen, director, since its inception in 2017, the initiative claims to be one of the first academic programs worldwide to focus entirely...

Submitted by Marijuana News California was one of the first states to legalize adult-use cannabis, and as such, it’s become somewhat of an experimental oddity for the rest of North America. In anticipation of the drug’s social impact, University of...

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on April 16, 2019 in Cannabis News United States

Marijuana legalization is very popular

Submitted by Marijuana News The three major national polls in America are increasingly converging on one point: Marijuana legalization is very popular in the US. The latest finding, from the recently released General Social Survey by NORC at the University of Chicago, shows that 61 percent of people supported marijuana legalization in 2018. That’s up from 57 percent in 2016 and 31 percent in 2000 — a rapid shift in public opinion in less than two decades. The other two big national surveys on the topic have found similar results. Gallup put support for marijuana legalization at 66 percent...

Submitted by Marijuana News The three major national polls in America are increasingly converging on one point: Marijuana legalization is very popular in the US. The latest finding, from the recently released General Social Survey by NORC at the...

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on April 4, 2019 in Cannabis News United States Featured

The PGA Tour is now telling golfers not to use CBD

Submitted by Marijuana News Golf can be an overwhelmingly conservative sport when viewed with a certain lens. The rulebook is filled with formalities and etiquette codes; players must wear shirts with collars and pants in competition. This doesn’t make the sport bad or wrong by any means, but it does instruct recent news that the PGA Tour is warning golfers not to take CBD. Story Continues Below In a PGA Tour newsletter sent to players last month, which was obtained by Marijuana Moment, the Tour told players that “CBD products (like all supplements) pose a risk to athletes because...

Submitted by Marijuana News Golf can be an overwhelmingly conservative sport when viewed with a certain lens. The rulebook is filled with formalities and etiquette codes; players must wear shirts with collars and pants in competition. This doesn’t make...

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on April 4, 2019 in Cannabis News United States Featured

Georgia on cusp of legalizing medical marijuana

Georgia is on the verge of legalizing medical marijuana after the state assembly passed a bill that would allow for the in-state sale and production of the drug for medicinal purposes. Cody Hall, a spokesman for Republican Gov. Brian Kemp, said Wednesday morning he’ll sign the bill into law. The legislation, HB 324, closes loopholes created from a 2015 act that legalized the use of low-THC cannabis oil for certain medical conditions but did not allow for the growing, selling or possession of the oil in the state. The new bill would allow for the “production, manufacturing, and dispensing”...

Georgia is on the verge of legalizing medical marijuana after the state assembly passed a bill that would allow for the in-state sale and production of the drug for medicinal purposes. Cody Hall, a spokesman for Republican Gov. Brian...

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on April 4, 2019 in Cannabis News United States Featured

Big money is about to get access to marijuana stocks

Submitted by Marijuana News Here’s a crazy scenario that’s still a harsh reality for marijuana stocks: Imagine running a legal business — one approved by the state — and generating millions of dollars in revenue…but not being able to deposit it in a bank account. Crazy, huh? Think about paying the bills. Instead of writing a check or sending money electronically, you need to deliver cold, hard cash. Grab your briefcase filled with wads of $100s to go pay the electric bill to keep the lights on. I’m exaggerating a bit to make a point, but the feeling is...

Submitted by Marijuana News Here’s a crazy scenario that’s still a harsh reality for marijuana stocks: Imagine running a legal business — one approved by the state — and generating millions of dollars in revenue…but not being able to...

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on April 4, 2019 in Cannabis News United States Featured

Managing medical marijuana in the workplace

Submitted by Marijuana News With a majority of states in the country enacting medical marijuana laws, cannabis in the workplace has become a hot button issue for business owners seeking to fashion appropriate workplace regulations for lawful cannabis users. These issues become particularly tricky for employers to navigate because cannabis remains illegal under federal law, and each state has different laws addressing the treatment of medical marijuana users in the workplace. Recently, states with medical marijuana programs have trended towards providing protection under disability laws to employees who are registered as patients in that state’s medical marijuana program. Naturally,...

Submitted by Marijuana News With a majority of states in the country enacting medical marijuana laws, cannabis in the workplace has become a hot button issue for business owners seeking to fashion appropriate workplace regulations for lawful cannabis users....

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