420 with CNW — Research Finds Marijuana Gives Roundworms the Munchies

New research has found that roundworms exposed to marijuana compounds also get the munchies, just like humans. Cannabinoid molecules derived from the marijuana plant usually bind to endocannabinoids, whose receptors are found in the brain, other organs and connective tissues.

Popular cannabinoid molecules include tetrahydrocannabinol (THC), cannabidiol (CBD), cannabinol (CBN), cannabichromene (CBC), cannabigerol (CBG), 9-tetrahydrocannabivarin (THCV), cannabidivarin (CBDV) and cannabivarin (CBV).

The endocannabinoid system is said to balance key bodily functions and regulate functions such as eating, anxiety, memory and sleep.

Researchers found that roundworms, or Caenorhabditis elegans as they are scientifically referred to as, fed for longer than normal while under the influence of marijuana. The worms also demonstrated a higher preference for high-quality foods over less nutritious foods.

The research suggests that the mechanism by which marijuana impacts appetite evolved more than 500 million years ago, when the evolutionary paths of humans and C. elegans diverged. This mutuality across the animal kingdom suggests that these worms could be used to study how marijuana affected the nervous system in humans.

Shawn Lockery, lead author of the study and a neuroscientist at the University of Oregon-Eugene, stated that better understanding basic drug physiology would directly influence societal health as a whole.

The researchers were motivated to conduct the experiments after the state of Oregon legalized adult-use marijuana. For their study, the scientists divided the worms into two groups then submerged one group in a solution of the endocannabinoid anandamide before placing them in the maze.

They observed that the worms developed bigger appetites, noting that in the maze, these worms mainly preferred higher quality foods, in addition to spending more time eating.  Roundworms that were plunged in the solution also demonstrated less interest in bacteria that was nutritionally inferior, with researchers noting that these effects were pronounced in worms with working endocannabinoid receptors.

In separate experiments, the scientists tested endocannabinoids on worms with genetically engineered human cannabinoid receptors.

They observed that the worms responded in a similar way, with the scientists highlighting that the cannabinoids affected the worms’ food-detecting olfactory neurons, making them more sensitive to the odors of preferred bacteria.

Prior studies have demonstrated that cannabinoids cause hedonic hunger in other mammals such as primates and rats.

This latest research calls attention to similarities suggesting that Caenorhabditis elegans could offer a cost-effective way to model how compounds derived from marijuana affect the nervous system in humans.

The study reported its findings in the “Current Biology1” journal.

Plenty of research is currently ongoing, with enterprises such as IGC Pharma Inc. (NYSE American: IGC) setting their sights on having FDA-approved formulations on the market to help patients with different ailments.

NOTE TO INVESTORS: The latest news and updates relating to IGC Pharma Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Could Interstate Commerce Fix Cannabis Glut in Legal States

Despite there being a huge supply of cannabis thanks to excellent growing conditions and lot of expertise and knowledge, any extra product is legally restricted to each state’s borders because of the federally sanctioned use of marijuana. However, It’s an open truth that some licensed farmers have sent goods to the out-of-state illicit market to stay afloat in Oregon. The state’s top cannabis regulator recently issued a warning about an existential crisis in the marijuana business.

Most cannabis companies in California are struggling with millions of dollars in outstanding debts, and some have had to shut down their cultivation operations. On the West Coast, producers deal with what many refer to as the disastrous economics of legal marijuana.

Nobody in the sector believes that a divided Congress will step in to help by legalizing the substance, enabling marijuana businesses to deduct expenses, or even just loosening banking prohibitions that usually prevent them from accessing loans or credit. Instead, some people are placing their bleakest hopes — and dreams — in the presidency of Joe Biden, which they believe will open the door to marijuana trading across states that have authorized the drug’s use. As a result, they contend, the West Coast might assist in supplying the rest of the nation thanks to its hospitable climate and clean, inexpensive hydropower for indoor cultivation.

According to Attorney General Merrick Garland’s testimony before the Senate last month, the Justice Department will soon announce a new marijuana policy that will largely follow the “Cole Memorandum” of 2013, which stated that as long as specific legal priorities were met, the federal government would not intervene in state marijuana regulation initiatives.

Experts on drug policy predict that the new approach won’t go as far as allowing interstate trade.

However, lawmakers in Washington State enacted a “trigger bill” last week that gives the governor the power to enter into interstate marijuana commerce agreements should the federal government permit it. This legislation was fashioned after similar measures that have already been passed in California and Oregon.

A state’s market structure has an impact on how its industries are currently performing as well as how they might perform should enterprises be permitted to sell outside of the state.

Colorado and Washington were the first to legalize recreational cannabis in 2012. Many of the early laws Washington passed to fend off the Justice Department, such as those limiting the size of expanding facilities and prohibiting out-of-state investment, are still in effect.

Some smaller producers have prospered as a result. However, legislation might impede those looking to compete across state borders with bigger, more effective producers from California and Oregon, who operate with fewer restrictions. Large producers in Oregon have attained certain economies of scale that may offer them an advantage in a larger market. However, the state’s overstock is currently regarded as the worst in the country.

The opening of interstate commerce involving marijuana would open up interesting possibilities for entities which are in the business of providing supplies to cannabis industry actors, such as Advanced Container Technologies Inc. (OTC: ACTX).

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Lift Toronto 2023 Promises to Drive Meaningful Change and Sustainable Growth in Cannabis Industry while Providing Memorable Experiences

Lift Events & Experiences, a collective known for organizing Canada’s number-one cannabis industry conferences and trade shows, invites cannabis retailers, licensed producers, growers, budtenders, brands, investors, and everyday folks, for the Lift Toronto 2023 event scheduled for June 1-3, 2023 at the Metro Toronto Convention Centre (“MTCC”). The three-day action-packed convention is set to continue a tradition that has become synonymous with each of Lift Events & Experiences’ events: showcasing leading-edge content and premier exhibitors in a high-energy, unique setting.

The first day of the event will play host to the Lift Cannabis Business Conference, Canada’s premiere business strategy gathering that congregates regulators, researchers, top leaders, investors, suppliers, and various professionals with the intention of enabling them to learn, network, and chart a path forward for the budding cannabis industry.

The speakers will share their insights as part of planned speeches, panel discussions, and presentations, segmented into themed sessions designed to collectively spark conversations that support meaningful change and sustainable growth in the cannabis industry both in Canada and around the world. The day will kick off with a keynote addressing Canada’s cannabis industry, highlighting that October will mark five years of cannabis legalization in the North American country.

The first session, titled The CEO’s Perspective, will tackle the question of whether the future of the cannabis industry is bullish or bearish from their perspective as leaders in the space. The panel will include Niel Marotta, CEO and Founder of INDIVA, David Schwede, CEO Heritage Cannabis, Marcie Kiziak, CEO Nova Cannabis, and John Fowler, CEO Muskoka Grown & Dank Craft.

Other sessions held throughout the day will include the International Review, which will provide a deep-dive into the international cannabis industry; Truth to Power Presentations, a session looking at the cannabis industry from a legal and tax perspective; the Business Funding session; Extracts, Concentrates, & Processing session with discussions around cannabis products and manufacturing. The conference concludes with sessions around marketing and retail, Cannabis Marketing and Cannabis Retail (https://cnw.fm/kH5nq).

The heavily attended Lift Expo on June 2-3, will then connect hundreds of companies from the entire cannabis ecosystem set to exhibit their products and services. In addition to getting to know about these companies, the two high-energy Lift Expo days will also be opportune for attendees to network with peers, experts, producers, retailers, and more.

Attendees will hear from respected leaders in the space, including founders and CEOs of licensed cannabis producers, growers, and brands from different parts of the world. From the Main Stage, or Speakers’ Corner East and West Stages, attendees will find the most innovative, game-changing, and profitmaking content showcased over the two days of unmatched professional, consumer, recreational and medical cannabis programming. Everyone in attendance is invited to join Canada’s top cannabis chefs for live demonstrations of out-of-this-world cookery, baking, mixology and munchie-making, at the first-ever Lift exclusive Diners’ Club!

As has become the norm for all Lift Events & Experiences events, attendees should expect the unexpected, as the organizer promises its signature surprises and ‘a-ha’ moments. Attendees can also expect prize giveaways, live music, and cameo appearances, not to mention a legendary official after-party set for the evening of June 3.

With a commitment to lifting the cannabis community across North America, the Lift Toronto 2023 event is specifically curated to provide a uniquely irresistible experience that educates and enables attendees to create meaningful connections while driving the industry forward.

To learn more, please visit https://cnw.fm/QDfAH.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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420 with CNW — North Carolina Legislators File Bills to Legalize Recreational Cannabis

Two measures that would end marijuana prohibition for adult use are pending in the North Carolina state legislature as lawmakers work to make the drug finally legal in their state. The first bill, HB 626, was introduced by four Democratic members of the House on Monday. If approved, the bill would make it legal for adults aged 21 years and older to possess small amounts of marijuana.

Even though the possession of less than half an ounce of cannabis was decriminalized back in 1977, it is still illegal in North Carolina and carries a punishment of up to $200. Even medical cannabis is still illegal, and the only product that people with uncontrollable epilepsy may consume legally is CBD oil with little to no THC.

According to a SurveyUSA study conducted last year, 57% of voters in the state support making cannabis legal for adults. This indicates that the public is in favor of the decision.

HB 626 would also create guidelines for the manufacture and distribution of adult recreational products. Additionally, the measure has elements of social fairness that are intended to assist areas that have suffered because of prohibition. The legislation has been sent for review to the House Committee on Calendar, Rules, and Operations.

Another measure, SB 346, was introduced on March 21, 2023, by four Democratic senators; the proposed legislation is still pending in the state’s upper house legislature. Adults would be allowed to possess a maximum of two ounces of cannabis or 15 grams of concentrates, and they would be allowed to grow up to six plants.

The bill also establishes a regulatory structure for the recreational cannabis market and establishes a new Social Equity Office that would support and encourage people from communities that have historically been disproportionately harmed by cannabis prohibition and enforcement to participate fully in the regulated cannabis industry.

Reformers point out that lifting the prohibition on marijuana can result in increased tax income for the state, in addition to the economic advantages that businesses and their employees will experience as a result. SB 346 imposes a 20% tax on cannabis-related products and grants local governments the option of levying an extra 3% tax. SB 346 is currently being discussed by the Senate Committee on Operations and Rules.

A separate bill, SB 3 (the North Carolina Compassionate Care Act), is also awaiting approval in the House. The bill passed the Senate by a 36 to 10 vote on March 1, 2023.

While these steps are being taken to legalize recreational marijuana, plenty of work is being done by entities such as IGC Pharma Inc. (NYSE American: IGC) to develop therapeutic formulations from many marijuana cannabinoids, including THC.

NOTE TO INVESTORS: The latest news and updates relating to IGC Pharma Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Marijuana Retailers Celebrate 4/20 with Deals, Promotions

April 20, or 4/20 as the day is normally referred to, is an unofficial holiday celebrated by marijuana smokers across the Unites States and in other parts of the world. Marijuana retailers in America marked the day with in-store events, deals and promotions geared toward meeting their consumers’ needs and attracting new customers.

Many planned to run their promotions for a week or even a month instead of one day, which would go a long way in bringing in foot traffic.

Historically, 4/20 is a boon for marijuana retailers, with Treez CEO John Yang revealing that in 2022, the company’s aggregated sales increased by 25% during this holiday period.

Senior VP of Acreage Holdings, Kate Nelson, revealed that the company was focused on ensuring its customers had a wonderful experience during this holiday. Acreage Holdings, which operates in multiple states, had different volume-pricing opportunities daily in addition to holding giveaways every hour.

Another company, 4Front Ventures, allowed third-party vendors to hold pop-up events at its retail outlets. The company’s VP of store operations, Kristie Shaw, revealed that while the deals offered weren’t complex, they varied in each state.

Some businesses also launched new products and brands on this marijuana holiday. The Flower Shop, a vertically integrated company with operations in Utah and Arizona, launched a THC-infused seltzer dubbed High Tide; a range of marijuana products under the High Variety brand; and Ladylike, which has been designed to target female consumers. Company’s president Greta Brandt revealed that the company would be offering a promotion at its outlets that would run for 20 days to ensure expected foot traffic was accommodated.

Curaleaf Holdings, which is based in New York, has also held exclusive events and giveaways leading up to the holiday. The company recently introduced its revamped rewards program, which has more than 1.8 million members and covers 14 states. Under the program, consumers earn loyalty points that can be redeemed on future purchases at stores operated by Curaleaf.

This year’s celebration also marks three years since the start of the coronavirus pandemic, which saw many marijuana retailers adopt new ways to run their businesses and deliver products to consumers. For instance, some businesses offered drive-thru window pickups while others launched online ordering and curbside pickup.

These changes led to expansion in home-delivery networks and increased use in touchless-payment solutions, which makes it even more convenient for consumers to shop.

The marijuana industry is growing from strength to strength with each passing year, and this growth is leading to the opening up of opportunities for affiliated companies such as Advanced Container Technologies Inc. (OTC: ACTX) that don’t directly deal in marijuana but offer ancillary services and products.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — New York Governor Announces Campaign to Promote Purchase of Legal Cannabis

New York Governor Kathy Hochul has announced that the state is initiating a campaign to urge persons 21 years and older to purchase cannabis from licensed dispensaries. The move is meant to make sure that people buy safe products and that profits are directed toward achieving equity and reinvestment objectives.

Hochul stated the “Why Buy Legal New York” initiative will debut around April 20, 2023, the unofficial cannabis holiday, to capitalize on the heightened awareness surrounding cannabis-related issues.

The campaign is premised on reaching consumers aged 21 or older via educational materials; digital advertisements, such as a handbook on safe consumption habits; visuals as well as movies that feature licensed marijuana business owners; and messaging about the benefits of participating in the legal market.

The state has come under fire for the way its adult-use market has been implemented, with only a handful of businesses currently licensed to sell cannabis among an uncountable number of unregulated outlets that officials are intent on rooting out.

Although New York has taken several measures to expedite the launch of online stores, there are still a few channels of entry because the administration and regulators are giving priority to licensing enterprises owned by individuals that were disproportionately impacted by prohibition. In addition, regulators recently published a how-to manual on how consumers can read cannabis dispensary receipts, as they explain how taxes from their cannabis purchases are distributed between community reinvestment programs, local governments, and the state.

Hochul emphasized that even though New Yorkers’ options are limited in the present market, seeking out permitted stores is important for supporting local reinvestment through marijuana taxes.

The initiative in New York is akin to the “Buy Legal” drive, which was started by significant cannabis businesses and the Governor Phil Murphy administration in New Jersey last year. Its objective is to inform buyers about the risks of purchasing cannabis products outside of legal marketplaces.

Last month, New York officials stated that the number of allowed conditional cannabis licenses would be increased from 150 to 300. This resulted from applicants’ suggestions that they could be in position to open stores more quickly and independently thanks to a state initiative designed to assist qualifying organizations in establishing physical locations.

The state emphasizes its role in promoting public awareness about the bill legalizing cannabis. For example, the state has released a taxpayer-financed cannabis PSA that focused on the racially biased results of marijuana criminalization and emphasized efforts that state regulators were taking to make up for the mistakes of prohibition. This was broadcast during NBA finals in most of NYC last year.

In addition, Hochul has sponsored measures to strengthen police authority to crack down on illegal marijuana merchants as the state goes about establishing a regulated market.

As the recreational market gets underway in New York State, there are also some enterprises such as IGC Pharma Inc. (NYSE American: IGC) that are hard at work developing therapeutic formulations from select constituents of this plant.

NOTE TO INVESTORS: The latest news and updates relating to IGC Pharma Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Congressional Committee Begins Investigation into Inaction by the FDA on CBD Regulation

The House Oversight and Accountability Committee Chair recently penned a letter to the FDA, notifying the agency that an investigation into its decision to not regulate CBD was being conducted. CBD (cannabidiol) is one of the two main compounds found in cannabis, the other being THC. Unlike THC, however, CBD doesn’t induce a high when consumed. This compound, which is derived from hemp, is also not addictive.

Representative James Comer criticized the agency’s inaction on the matter, stating in his letter that CBD was a popular product whose use had risen in the last few years.

In January 2023, the FDA determined that there wasn’t a regulatory pathway in place to pass rules to allow CBD to be marketed as a dietary supplement or food item. The agency added that congressional action was needed to develop said regulations.

This came after hemp and its derivatives, such as CBD, were legalized under the 2018 Farm Bill.

In his letter, Comer stated that it was important that the agency acknowledge its role in regulating CBD products, noting that the lack of regulations had allowed entry for potentially dangerous substances into the market. This, he argued, had increased concerns that some products could contain dangerous ingredients in the absence of regulation.

Comer also declared that appropriate regulation of products by the FDA would increase good faith manufacturers’ contributions and also prevent some products from entering the market. The chairman then requested that the agency present the following documents by May 1, 2023:

  • All communications and documents on the FDA’s evaluation of the existing regulatory framework on CBD.
  • All scientific reports, research and data held by the agency on the safety of CBD products for consumption.
  • All communications, drafts and documents related to the Jan. 26, 2023, announcement on how a new regulatory pathway was needed to regulate CBD products.

This isn’t the first time the agency has been put on the spot over the lack of regulations for CBD.

During a committee hearing in March 2023, Representative Andy Harris told FDA Commissioner Robert Califf that the agency’s lack of action was reducing public confidence in its abilities.

All this comes after President Joseph Biden directed that the FDA carry out a scientific review on cannabis earlier this year, to be used in the evaluation of the drug’s scheduling under the Controlled Substances Act. While the agency’s recommendations will not be mandatory, it is expected that the DEA will offer guidance that aligns with the agency’s findings on the drug’s benefits and risks.

As the regulatory issues are worked through, a possible market could also emerge for the cultivation equipment commercialized by entities such as Advanced Container Technologies Inc. (OTC: ACTX).

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Missouri in the Midst of Product Shortages as Recreational Marijuana Market Takes Root

In February, the state of Missouri launched its recreational cannabis market. This was after voters in the state approved amendment 3 in November 2022, making Missouri the 21st state in the country to legalize adult-use marijuana. Almost two months later and the market is set to hit $1 billion in sales in its first year.

However, increasing demand from local and out-of-state customers as well as medical cannabis patients has greatly surpassed operators’ expectations, resulting in higher wholesale prices and product shortages.

In some areas, such as near the Kansas border, retailers have observed significant increases in foot traffic since recreational sales were launched. In the southwestern region of the state, consumers from Illinois have been crossing the Mississippi River for St. Louis marijuana, which is said to be more affordable. Of the eight states bordered by Missouri, only Illinois has legalized adult-use marijuana.

Even illicit cannabis in the neighboring state of Oklahoma hasn’t affected demand in the state, causing inventory shortage throughout the supply chain and huge spikes in wholesale prices of flowers.

This is a sharp contrast from other markets such as Oregon, Michigan and Massachusetts, where a supply glut and declining prices are affecting businesses’ ability to grow. A strategy analyst at Leaflink, Ben Burstein states that there isn’t enough flower in Missouri to meet the demand in the market, noting that the demand in the state’s recreational market is exceeding supply. Data from Leaflink shows that since the launch of the recreational market, the price of bulk flower has doubled to $3,000 per pound.

Availability of bulk flower has also declined by almost 79% while the number of product stock-keeping units has also dropped by two-thirds during the same period.

Despite these issues though, medical and adult-use marijuana in the state of Missouri brought in more than $126 million in sales last month, a more than 20% increase in sales from February. Projections expect total cannabis sales in the state to reach $1.3 billion in the first year of recreational retail.

The heart of Missouri’s problem lies in underproduction, despite the abundance of cultivation capacity in the state. Manufacturing issues are also affecting major players, with Clovr experiencing a distillate shortage caused by a flower shortage. Clovr is the biggest producer in the state, with almost 100% coverage across more than 190 stores in the market.

Growers expanding their cultivation capacity and manufacturers scaling up their extraction capabilities will go a long way in helping meet consumer needs in the state.

Meanwhile, a number of entities such as IGC Pharma Inc. (NYSE American: IGC) are investing in coming up with pharmaceutical-grade medicines from THC and other marijuana constituents. These formulations will go a long way in addressing the symptom-relief needs of patients once the FDA gives those medicines the nod.

NOTE TO INVESTORS: The latest news and updates relating to IGC Pharma Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Colorado House Passes Bill Authorizing Online Cannabis Sales

A law allowing adults 21 and above to purchase cannabis online has been approved by the Colorado House. The action is intended to assist companies that have historically relied on payments in cash, which exposes them to crime risk. Last week, the legislature voted 40 to 23 to approve the bill, which was put forth by Democrats Said Sharbini, William Lindstedt and Robert Rodriguez.

The proposed legislation would add controls to allow for online sales while removing terminology from the current law that expressly forbids the sale of cannabis over the internet. According to the law, shops must confirm the consumer’s identity and age before they make a purchase online, and that data must correspond to the proof of identity they present when they collect the goods.

All cautionary or instructional information that a retail cannabis store must post and give at its authorized facilities would have to be made available to customers in digital format. Before completing the transaction, the consumer must confirm receiving those materials.

Supporters of the law contend that enabling online payments will increase safety for everyone at a time when marijuana businesses remain the focus of robberies because of their prevailing dependence on cash.

The first cannabis dispensing device, which can label, pack and distribute cannabis goods to adults in 50 seconds, was recently hailed by the governor. To offer employees who use cannabis per state law extensive professional license protections, Polis approved an executive directive last year.

Additionally, the action bars state agencies from providing support to any out-of-state inquiries into legal cannabis behavior that can lead to employment sanctions. This executive directive is a significant step towards protecting the rights of cannabis users in Colorado. It also reflects the state’s progressive stance on cannabis use and its commitment to supporting the legal cannabis industry.

The governor of Colorado contacted the United States Department of Health and Human Services (HHS) to ask about the timetable for the department’s examination into federal cannabis scheduling, which President Joe Biden ordered last year.

Colorado authorities have also constantly urged the United States government to implement reform. With voters passing a ballot measure to legalize some entheogenic drugs and permit treatment with psilocybin last year, the state’s legislature has also served as a focal point for radical psychedelic reform. This has made Colorado a trailblazer in the movement to decriminalize and legalize psychedelic substances for medicinal and therapeutic purposes. The state’s efforts have inspired similar movements in other states across the country.

As the drug reform movement spreads, it will open numerous market opportunities for a multiplicity of companies such as Advanced Container Technologies Inc. (OTC: ACTX), which are only tangentially connected to marijuana or its products.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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420 with CNW — Pew Research Reveals Seven Key Facts About Americans, Cannabis

Federal law in the United States makes it unlawful to use or possess marijuana, but the majority of states have recently legalized it for either recreational or medical use. The shift in the law has coincided with a sharp rise in public support for cannabis legalization.

Based on surveys conducted by the Pew Research Center and other sources, we’ve highlighted seven key facts below concerning Americans’ perceptions of and attitudes toward cannabis.

About 90% of Americans believe cannabis should be legal for either recreational or medical use.

A survey by the Pew Research Center in October 2022 found that an overwhelming majority of Americans (88%) believe that marijuana should be legal for either medicinal or recreational use. Of this population, 30% believe that it should only be legal for medical purposes, while 59% advocate for its recreational use; 10% believe that the drug should never be authorized in any form.

Race, ethnicity, political party, and age all significantly affect public support for legalizing marijuana.

The October 2022 survey found that those 75 and older are significantly less likely to support the legalization of marijuana for adult use than younger adults. Only 3 out of 10 people above the age of 75 believe marijuana should be legal for adult use, compared to 53% of those between the ages of 65 and 74. In contrast, 72% of people under the age of 30 favor legalizing marijuana for recreational and medical use.

GOP and Republican leaners are less likely than Democrats and Independents with a Democratic lean to support marijuana legalization (45% vs. 75%).

Regarding race and ethnicity, 48% and 49% of Asian Americans and Hispanics, respectively, support legalizing marijuana, compared to 68% of Black and 60% of white adults who support it.

Those in for and against cannabis legalization have given various justifications for their positions.

According to a 2019 Gallup poll, the perception of marijuana’s medical benefits (86%) and the belief that legalizing the substance would allow law enforcement to focus on other types of crime (70%) were the two most frequently cited reasons by supporters of cannabis legalization.

An estimated 79% of Americans who opposed legalizing marijuana cited the rise of road accidents and fatalities as a major justification for their opposition.

Support for cannabis legalization has significantly grown over the past 20 years.

According to Gallup surveys from 2000 and 2019, there has been a significant increase in support for legalizing marijuana. Two-thirds of Americans in the 2019 study said they supported marijuana legalization, which is more than double the percentage who said the same in the 2000 survey.

Less than one-half of American adults (46%) claim to have used marijuana at some point.

This is according to a 2021 Survey on Health and Drug Use. The same survey found that while many Americans claim to have used cannabis in the past, much fewer actually do so now. At the time of the survey, 13% had used it recently, while 19% had done so the previous year.

The majority of Americans favor reducing the penalty for those who have marijuana-related convictions.

According to a survey by the 2021 Center conducted in October, 67% of adults supported releasing prisoners who were being imprisoned for marijuana-related charges. Additionally, roughly 6 out of 10 Americans (61%) are in favor of expunging or deleting marijuana-related charges from people’s criminal histories.

Black Americans, Democrats, and younger persons are more likely than older adults to approve these measures. For instance, almost 74% of Black adults support releasing prisoners who are only being detained for marijuana-related charges, and a similar percentage supports expunging or erasing marijuana-related convictions from criminal records.

As of April 2023, 21 states and Washington, D.C., allow adults to use recreational cannabis in modest amounts.

In addition to the 21 states and Washington, D.C., the Northern Mariana Islands, Guam and the U.S. Virgin Islands have all enacted recreational cannabis legalization laws.

Approximately 48% of Americans currently reside in a state or territory where recreational marijuana is legal, according to a Center study of U.S. Census Bureau population projections for 2022.

Separately, some kind of medicinal marijuana program has been approved by more than 30 states, as well as Washington, D.C. The percentage of Americans (74%) who reside in areas with medicinal marijuana programs is about three-fourths of the total.

Additionally, many states have passed laws that decrease the severity of criminal penalties for some marijuana-related crimes or permit the expungement of prior convictions.

As more companies such as IGC Pharma Inc. (NYSE American: IGC) venture into developing cannabis-based medicines that end up being approved by the FDA, attitudes to this plant could shift even more away from prohibition.

NOTE TO INVESTORS: The latest news and updates relating to IGC Pharma Inc. (NYSE American: IGC) are available in the company’s newsroom at https://cnw.fm/IGC

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW420? Ask our Editor

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.