420 with CNW — Feds Intend to Complete Marijuana Scheduling Review This Year

During a press briefing in Sacramento last week, U.S. Secretary of Health and Human Services (HHS) Xavier Becerra revealed his intention to provide President Joe Biden with a federal marijuana scheduling decision within this calendar year. Becerra acknowledged the agencies’ concerted efforts to swiftly complete the administrative review.

While previous statements emphasized the urgency of the marijuana review initiated by the president last year, the specific timeline remained unclear. Now Becerra has unveiled his target for fulfilling the president’s directive.

The FDA is evaluating marijuana scientifically through eight different processes under the authority of HHS. The goal is to establish if the substance should be descheduled, rescheduled or kept in Schedule I, which is a classification reserved for substances that are subject to the strictest regulations under the CSA.

Becerra emphasized the collaborative approach of HHS and other agencies, such as the DEA, in striving for an evidence-based response aligned with scientific findings. He expressed optimism about reaching a conclusion relatively soon, ideally this year. Although not a precise deadline, this is the most detailed timetable given by a senior government official, offering valuable insight into the secretary’s expectations for the following six months.

After HHS completes its study, it will send a scheduling suggestion to the DEA, which has the last say regarding the matter. The DEA can choose to ignore the resulting suggestion even if the scientific conclusions of the health agency are admissible in court.

Several legislators, including Congressional Progressive Caucus members and Barbara Lee, cochair of the Congressional Cannabis Caucus, have joined cannabis supporters in pressing the Biden administration to speed up the scheduling review procedure. At the same time, these lawmakers are pursuing incremental reforms such as marijuana banking.

BOWL PAC founder Justin Strekal emphasized the importance of marijuana descheduling to accomplish the Biden administration’s stated objectives, which include matters such as reestablishing the legitimacy of the law and addressing racial justice.

Becerra acknowledges that the completion of the schedule review by his department is of great public interest. Prioritizing safety and efficacy as guiding principles, he stated in March that action needed to be taken quickly while acknowledging the several stages necessary before deciding.

More than a dozen members of Congress from both parties called for transparency in the cannabis scheduling review in a letter delivered in March to Becerra and Merrick Garland, the U.S. Attorney General. The letter emphasized that Biden’s directive gives a chance to evaluate the causes and effects of federal policy rigorously. It noted the significance of acknowledging marijuana’s current status as a state-regulated narcotic and how scheduling marijuana was motivated by stigma rather than research.

Garland stated during a March Senate hearing that the Department of Justice (DOJ) is still drafting its marijuana policy in anticipation of the findings of the scientific assessment conducted by health agencies.

Many entities, such as IGC Pharma Inc. (NYSE American: IGC), are likely to take an interest in how the scheduling review pans out since it could have far-reaching effects on marijuana as a substance of interest and how its derivatives are used.

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 — Governor Enacts Cannabis Expungements Resolution into Law

Last week, the governor of Louisiana enacted into law a measure that made it easier for individuals with first-time convictions on cannabis possession to apply for record expungement. This comes after the governor signed a resolution in 2021 that decriminalized the possession of no more than 14 grams of marijuana.

The initiative in question, which was introduced by Rep. Delisha Boyd, was advanced through the legislature about two weeks ago. This measure makes it so that individuals convicted of possessing no more than 14 grams of marijuana as a first offense can get their record expunged 90 days after they were convicted.

This approval by Gov. John Bel Edwards will reduce the relief timeline, especially since the current legislation allows people to clear their records after a five-year period.

Prior to its approval, the resolution was amended in a House committee to stipulate that cannabis possession cases that involved more than 14 grams weren’t eligible for expungement. The amendments also eliminated a provision that waived court processing fees for first-time marijuana expungements.

The measure, which will go into effect on Aug. 1, 2023, set $300 as fees for record expungement. The bill stipulates that the processing fees collected will be allocated in equal proportions to the sheriff’s general fund and the district attorney’s office. It also includes a template for a motion to clear records that individuals can fill and submit to the court in their jurisdiction.

Currently, 70% of people in the state of Louisiana support the legalization of recreational cannabis possession for adults. Results from the same survey also found that 90% in Louisiana support the legalization of medical marijuana.

Despite these favorable attitudes, cannabis legalization by the legislature has stalled. However, legislators have taken steps to reform marijuana laws and improve the state’s medical cannabis program. For instance, a measure that would ensure individuals remained eligible for unemployment benefits if they were registered medical marijuana patients was recently cleared by a House committee.

Additionally, regulators gave physicians a temporary go-ahead to continue issuing medical cannabis recommendations through telemedicine in 2022. Furthermore, a legislative task force passed rules in 2022 that provided worker protections for medical marijuana patients.

During the previous session, Gov. Edwards signed various cannabis reform measures, including one that would prevent law enforcement officers from conducting searches in individuals’ homes over the smell of marijuana.  Another reform measure that was signed would increase the number of medical dispensaries that could operate in the state of Louisiana.

As more reforms are enacted in Louisiana and elsewhere around the country, business could improve for various enterprises, such as Advanced Container Technologies Inc. (OTC: ACTX), since the improved operating environment would support more growers that would in turn need more cultivation equipment.

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 — Data Shows Reduced Incidents Between Cops, Youth in Canada After Cannabis Legalization

The legalization of cannabis in Canada has had a notable effect on the interaction between young citizens and law enforcement, as per recent data released earlier this spring. The findings, published in the “Drug and Alcohol Dependence” journal in April, revealed that the country’s marijuana legislation, which has been in place for five years, resulted in a significant decrease in reported cannabis-related offenses among individuals aged 12 to 17, regardless of gender.

By examining police records from Jan. 1, 2015, to Dec. 31, 2021, researchers affiliated with the Center for Addiction and Mental Health in Toronto discovered a substantial decline in daily incidents for both young males and females. Among young females, there was a notable 62.1% reduction, equating to 4.04 daily incidents. In the case of young males, the daily offenses decreased by 53% to 12.42.

Canada’s Cannabis Act, which officially took effect in October 2018, legalized the recreational use of marijuana for adults aged 18 and above. The researchers concluded that the impact of the Cannabis Act on diminishing marijuana-related offenses among young individuals persists over time, aligning with the act’s primary goal of reducing criminalization associated with cannabis use among youth and its subsequent effects on the Canadian justice system.

The researchers also observed that the legalization of cannabis showed no discernible link to patterns of property crimes or violent offenses.

NORML, in its report, quoted the researchers as stating that the Cannabis Act had led to substantial and consistent reductions of approximately 50% to 60% in cannabis-related criminal incidents reported by young males and females over a span of about three years following legalization.

The researchers asserted that these findings demonstrate the benefits associated with implementing the Cannabis Act, given the negative social and individual-level consequences of young people’s involvement with law enforcement and the criminal justice system due to cannabis-related offenses.

Additionally, the researchers had previously reported that the Canadian Cannabis Act of 2018, which allowed youth to possess up to 5 grams of dried cannabis or its equivalent for personal use or sharing, resulted in a short-term (76 days) reduction in police-reported, cannabis-related crimes among youth.

These findings align with another study published in “Drug and Alcohol Dependence,” which demonstrated that the legalization of recreational marijuana use and cannabis sales in Canada did not contribute to an increase in motor vehicle accidents.

Similarly, a 2021 study produced analogous results, revealing no significant changes in traffic-related injuries or emergency department visits among drivers, including youth, following the implementation of the Cannabis Act.

The concerns about the possibility of cannabis legalization leading to increased crime rates or higher rates of incidents between the youth and police seem largely unfounded as the studies above show. Attitudes about marijuana are likely to improve even more once the THC-formulations by companies such as IGC Pharma Inc. (NYSE American: IGC) hit the market after obtaining the approval of the FDA.

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 — How to Leverage Consumer Data While Marketing Cannabis

The cannabis industry exists in a precarious position. While dozens of states have legal and robust cannabis markets, the federal government still classifies cannabis as a controlled drug. This federal classification places significant restrictions on America’s state-legal cannabis industry, with cannabis marketing being the hardest hit. Cannabis businesses in most states have to contend with strict marketing limitations and can’t use most conventional advertising avenues such as social media to market their products.

Despite these barriers, businesses in the cannabis space can still optimize their marketing efforts by leveraging consumer data. Studying how different kinds of consumers approach cannabis use can help businesses tweak their marketing and attract more customers.

For instance, men and women deal with cannabis consumption differently. Women are more likely to avoid substance-use-like behaviors while men tend to engage in binge-like behaviors. In addition, according to a 2020 study from Canada, men tend to use cannabis to seek opportunities for intimacy with women while women are more selective.

Cannabis is a relatively new industry, and a lot of the consumer information companies are gathering is brand new. This data is an invaluable resource that can help businesses figure out consumers’ needs and wants and tailor their brands and marketing efforts to best meet these needs, industry experts say.

Aurora Cannabis, a medical cannabis provider headquartered in Edmonton, Canada, is one of the companies leveraging data aggregation to improve product development and ensure better customer experiences. The company recently partnered with the medical marijuana-use tracking app Stainprint to collect customer feedback. Stainprint allows medical marijuana patients to report things such as the symptoms they want to treat via medical cannabis and how the specific strains they took made them feel.

According to Aurora Cannabis’s vice president of innovation and customer preference Lana Culley, the app also allows the company to collect demographic data. Culley said the company would integrate the data collected through Stainprint into its decision-making pipeline and use it to glean insights on the market.

The data has shown Aurora that THC is still a major seller regardless of age, sex, gender or location, and has given the company more incentive to keep focusing on its cannabis breeding program, Culley said. However, she notes that consumer data collection is still a new field in the cannabis market and the industry still doesn’t have enough “robust tools” to gather consumer data and learn consumer opinions of various cannabis products.

As cannabis companies get better at leveraging data in their efforts to advertise their products within the space available to them, sales could improve, thereby also increasing the business opportunities for cultivation equipment makers 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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CannabisNewsBreaks – InMed Pharmaceuticals Inc.’s (NASDAQ: INM) 755-201-EB Trial Demonstrates Clinically Important Results

InMed Pharmaceuticals (NASDAQ: INM), a leader in the pharmaceutical research, development, manufacturing and commercialization of rare cannabinoids and cannabinoid analogs, today announced safety and efficacy results from its phase 2 clinical trial. The purpose of the trial, called “755-201-EB,” was to evaluate the safety of INM-755 CBN cream, which consists of the control cream plus the active pharmaceutical ingredient CBN, and obtain preliminary evidence of efficacy in treating symptoms and healing wounds over a 28-day period in patients with epidermolysis bullosa (“EB”). According to the announcement, of the 18 participants assessed, chronic itch improved by a clinically meaningful amount in 12 patients (66.7%). “This is an important day for the company, as we report that INM-755 CBN cream demonstrated sufficient clinically important anti-itch activity to warrant further development. We are very encouraged that INM-755 CBN cream could someday provide itch relief for patients with EB and possibly other diseases,” said Alexandra Mancini, SVP of Clinical and Regulatory Affairs at InMed. “We are deeply grateful for all of the individuals with EB and their families who participated in the study and for the investigators and clinical team who conducted this trial.”

To view the full press release, visit https://cnw.fm/dSCFj

About InMed Pharmaceuticals Inc.

InMed Pharmaceuticals is a global leader in the research, development, manufacturing and commercialization of rare cannabinoids, including clinical and preclinical programs targeting the treatment of diseases with high unmet medical needs. The company also has significant know-how in developing proprietary manufacturing approaches to produce cannabinoids for various market sectors. For more information, visit www.InMedPharma.com and www.BayMedica.com.

NOTE TO INVESTORS: The latest news and updates relating to INM are available in the company’s newsroom at https://cnw.fm/INM

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 — Mother, Son Create Edible to Reverse Marijuana High

The legalization of adult-use cannabis in Massachusetts has led to an increase in individuals exploring the world of cannabis. However, amid this experimentation, there can be an undesirable and unexpected aspect to the experience: the unending high.

A dynamic duo consisting of a mother and her son, both from Boston, may have stumbled upon a potential solution, aptly named Soft Landing. Eli, the son and a recent graduate from Cornell University, describes Soft Landing as a unique twist on the traditional edible. While typical edibles bring about an intoxicating effect through THC, Soft Landing aims to counteract this by providing a calming influence.

Stoloff became aware of the need for such a product during his time at Cornell, where he heard stories of fellow students consuming edibles with no easy way to come down from the intense high. “The delayed effects of edibles are the cause,” he said. “You consume a gummy bear, wait patiently for 10 minutes, feel nothing, and then consume two more. An hour later, you find yourself on your bathroom floor, bewildered and disoriented.”

To address this issue, Stoloff and his mother, Alice Stone, embarked on a journey to develop a chocolate bar that would grant marijuana users greater control over their high. Stone, an entrepreneur with expertise in alternative healing methods, stumbled upon a medical journal article describing a naturally occurring molecule present in various herbs and spices. This molecule exhibited the potential to counteract the effects of THC, the psychoactive component of cannabis.

“After extensive experimentation and fine-tuning,” Stoloff explains, “we managed to formulate the optimal delivery method for this molecule, ensuring maximum efficacy.”

Subsequently, Soft Landing underwent a medical survey, revealing that 80% of participants rated it as “effective” or “very effective.” This positive response caught the attention of Sean Hope, cofounder of Yamba Market in Cambridge, who has now become an investor in the venture. Hope personally tested the chocolate and shared his experience. “It truly brought about a sense of balance within me,” he said. “The impact was immediate. I can confidently say that this product works. . . . I am convinced that we have a winning product here, and together, we are unstoppable.”

Looking ahead, Soft Landing is on the verge of entering the consumer market and actively seeking further investors to expand production and meet the growing demand.

For the individuals who will have access to the THC-based formulations made by companies such as IGC Pharma Inc. (NYSE American: IGC), there will be no risk of getting “high.” These companies are making offerings that meet strict FDA requirements so that patients can reap the benefits of the cannabinoid without being intoxicated by their medication.

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 — New York Authorities Clamp Down on Illicit Cannabis Shops

Cannabis has been the most used illegal drug in America for decades. Even now that dozens of states have legalized either medical or recreational cannabis, the cannabis black market is still responsible for a majority of the country’s marijuana sales.

In California, which is home to the largest legal cannabis market in the world, licensed players in the market are struggling to get by, thanks to the state’s behemoth illicit cannabis industry. With more states looking to launch recreational cannabis markets in the near future, regulators are keen on reducing the influence of illicit sellers to give licensed retailers a better chance at success.

Combating the illicit cannabis market would also ensure states obtain millions of dollars in cannabis taxes and halt cash flows to the criminal enterprises behind the illegal market. Many states are trying. Last week, Governor Kathy Hochul of New York announced that state regulators would begin clamping down on the 1,500 illicit cannabis shops in the state. The government announced measures such as seizures of illegal marijuana products, raids on illicit cannabis shops, and the launch of an interagency program to deal with the sale of untested cannabis products in illicit retail premises.

Speaking of the state’s recent legal recreational cannabis rollout, Hochul said that regulators would not stand idle while illegal operators sold untested cannabis products, particularly to minors. She said that the impending measures are meant to protect New York’s fledgling recreational marijuana industry and give citizens a shot at entering the industry and succeeding.

According to Hochul, officers from the Department of Taxation and Finance (DTF) and the New York State Office of Cannabis Management (OCM) have already begun inspecting storefront businesses that aren’t licensed to sell marijuana in New York. Businesses that are found in violation of the state’s cannabis policies are receiving Notices of Violation and Orders to Cease Unlicensed Activity; the governor also promised to deliver similar action to other illicit businesses across the state.

Tremaine Wright, the chair of the Cannabis Control Board, said that “successful enforcement actions” against unlicensed trucks and storefronts selling marijuana in New York sends a solid message that the state is actively dealing with illegal sellers.  She said the enforcement efforts are meant to ensure public safety and maintain the integrity of New York’s nascent recreational cannabis industry.

These efforts are designed to foster a “fair and regulated environment” that keeps consumers safe while supporting licensed businesses and protecting them from unfair competition.

As this clampdown weeds out illicit actors and leaves those who are licensed to operate in the cannabis industry, there is likely to be a bigger market for the products made by entities such as Advanced Container Technologies Inc. (OTC: ACTX), since growers will be encouraged by the sales they are making to expand their operations.

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 — Report Shows Truckers Want Marijuana Testing Reformed

Marijuana testing is currently one of the most controversial matters in the employment market. While a majority of states have passed cannabis policies that allow residents to purchase and use either medical or recreational cannabis, the plant is still illegal at the federal level. As such, certain employers choose to or are required to run regular drug tests to ensure their employees are always drug-free.

With millions of Americans now granted access to legal cannabis, the differences between federal and state laws were bound to have repercussions that would affect tons of employees.

A recent report from the American Transportation Research Institute (ATRI) has revealed that truck drivers overwhelmingly support cannabis testing reforms. The trucking industry has been dealing with driver shortages due to strict drug-testing policies that have reduced the pool of drivers who are eligible for employment.

In March 2022, the U.S. Department of Transportation released a summary report noting that 10,276 commercial truck drivers had tested positive for THC compared to 31,085 positive drivers during the previous year, and 29,511 in 2020. Even though the American Trucking Association stated in 2021 that lower wages and an influx in retirements were responsible for the driver shortage, the recent increase in positive cannabis tests is also contributing.

In the recent ATRI report, titled “Impacts of Marijuana Legalization on the Trucking Industry,” the transportation research institute reviewed cannabis research, data on cannabis use and highway safety, and trends in legalization. The report also summarized the hiring and workforce implications of cannabis legalization on the trucking industry, taking a closer look at the opinions of carriers and truck drivers on cannabis reform.

According to the report, data from the Drug and Alcohol Clearinghouse shows that more than 100,00 drivers tested positive for marijuana metabolites and were excused from duty from 2020 to 2022. The report also noted that 60.1% of carriers reported an increase in the number of walk-outs and positive pre-employment cannabis tests over the past half-decade. In addition, it notes that with the shortage of truck drivers in recent years averaging 65,000 to 80,000, the drivers removed due to cannabis use are definitely contributing to the shortages.

Federal cannabis prohibition presents a “potential disincentive” for truck drivers, and loosening marijuana testing rules could expand the employee pool and make trucking more attractive to drivers. The report showed that 62% of carriers said that the industry needed to change its federal drug testing policies, with 65.4% saying the cannabis use test should be replaced with a cannabis impairment test, and 40.9% of carriers stated that they were still concerned about impaired driving.

It is possible that a notable number of truckers who test positive for marijuana use the substance for medical reasons, and it is unfortunate that such people lose their jobs as a result. The work being done by entities such as IGC Pharma Inc. (NYSE American: IGC) to come up with pharmaceutical-grade therapeutics from marijuana compounds could help such individuals manage their health conditions without putting their jobs at risk.

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 — Elizabeth Warren Pushes for Laws That Limit Conglomerates from Dominating the Cannabis Industry

Senators Ed Markey and Elizabeth Warren are advocating for cannabis reform that gives priority to areas that have suffered the most from the drug war and prevent monopolization by large corporations such as Amazon and major tobacco companies. During a dedicated event focused on fostering an inclusive cannabis industry, the senators expressed gratitude to activists for their unwavering support of minority-owned marijuana businesses. They also committed to championing policies that align with the intention of promoting equity.

In a recorded video aired during the ceremony, Warren stressed that legalization by itself is insufficient. She emphasized the significance of ensuring that the communities hardest afflicted by the drug war receive priority access to the advantages of legalization. She also argued in favor of legalization that does not give dominant organizations such as Big Alcohol and Tobacco or massive retail chains control over the market.

The senator expressed skepticism about Amazon’s lobbying efforts for marijuana legalization, viewing those efforts as potentially self-serving attempts to monopolize another market. Warren voiced concern that such actions could impede Latino and Black entrepreneurs from thriving in the emerging cannabis industry.

The senators’ statements were consistent with the main point of the “crash course” on cannabis policy provided by the Parabola Center for Policy and Law. The purpose of the event was to inform attendees of the potential negative effects of concentrated ownership in the cannabis sector.

Markey also spoke to the audience through a prerecorded video, admitting that the drug war had failed. He acknowledged the courage of the communities that endured disproportionate criminalization during the Prohibition era. Markey highlighted President Joseph Biden’s widespread marijuana pardon and Massachusetts’ initiatives to prioritize equity in its legal marijuana market as important advances in cannabis legislation across the country.

The Federal Marijuana Policy Crash Course also included marijuana regulators from Washington, D.C., New York City and Massachusetts, alongside representatives from prominent cannabis advocacy groups such as Marijuana Justice, Drug Policy Alliance, Doctors for Cannabis Regulation, Students for Sensible Drug Policy and Cannabis Regulators of Color Coalition.

Prior to the course, Parabola issued an “anti-monopoly tool kit” that outlined federal and state policy priorities aimed at preventing corporate consolidation, which could pose a threat to small marijuana businesses in the sector. In 2021, Parabola put forth changes to a House-passed bill legalizing marijuana on a federal level. The intended modifications aimed to create a fair market that enabled the communities most adversely affected by prohibition to profit from the new sector.

The institute had previously expressed worries about how the alcohol and cigarette businesses would affect federal cannabis reform. They asked politicians to rethink enacting marijuana laws that were modeled after alcohol laws.

It is encouraging that as discussions about what form federal marijuana legalization should take, emphasis is being placed on including as many people as possible in the industry. Such an approach could help to spread the benefits of legalization to a wider section of the population, and that could in turn make it easier for different companies such as Advanced Container Technologies Inc. (OTC: ACTX) to deepen their reach in different markets around the country, given that more growers will be participating in the industry.

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 — Activists File Lawsuits Against Montana Governor over Cannabis Bill Veto

Last week, activists filed lawsuits against Montana Governor Greg Gianforte’s decision to veto legislation that shed light on how the state allocated taxes realized from the sale of recreational cannabis. One of the lawsuits was filed by the Montana Association of Counties while the other one was filed by the Montana Wildlife Federation and Wild Montana.

The latter lawsuit requests that a Helena district court judge declare the governor’s veto of the measure void, unless and until both the secretary of state and Gov. Gianforte ask legislators their stand on whether to override the governor’s decision on the last day of this legislative session. Lawmakers can override this veto with a majority vote of two-thirds.

The lawsuit calls attention to the fact that while the governor does possess constitutional authority to veto the measure, he cannot exercise this authority with regard to this particular bill or any other for that matter if it interferes with the constitutional authority of the legislature to override said veto.

On May 1, 2023, the measure in question, SB 442, was approved in the senate by a 48 to 1 vote. The measure, which was sponsored by Senator Mike Lang, proposed that taxes imposed on the sale of recreational cannabis be divided between the general fund, conservation and recreation programs, addiction treatment and veterans services, and county road construction and maintenance.

On May 2, 2023, Gianforte vetoed the measure, arguing that it made the state responsible for things under the jurisdiction of local authorities, thus creating a slippery slope. The governor also disagreed with the fact that the legislation directed cannabis revenues to different accounts. The veto was read right before Senate Majority Leader Pat Flowers adjourned the Senate, which made it impossible for the legislature to override it.

This timing left the measure in a state of uncertainty, with the plaintiffs arguing that Gianforte’s veto wasn’t formally communicated to the senate, which made it invalid. For a veto poll to be issued now that the legislature is fully out of session, Secretary of State Christi Jacobsen has to receive the veto memo and the measure from the office of the governor. At the moment, this hasn’t been done, despite insistence from Wild Montana attorneys.

In both lawsuits, the plaintiffs argue that failing to fix this situation by issuing a poll to override the governor’s veto would create a loophole that could be used in the future to steer clear of veto overrides.

As these moves to reform cannabis laws in Montana are taking place, a different situation is unfolding in the realm of the medical use of marijuana. Several enterprises, including IGC Pharma Inc. (NYSE American: IGC), are making strides forward in their bids to commercialize THC-derived formulations. Once these are approved by the FDA, offerings from these companies will be available to patients through the medical system in and outside the United States.

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

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