420 with CNW — Pain Increases Odds of Cancer Patients Using Marijuana, Tobacco

A recent study published in the journal Cancer suggests that cancer survivors experiencing pain may be more likely to use cannabis and cigarettes. The research also highlights a link between cigarette smoking, pain, and an increase in side effects related to treatment, ultimately leading to poorer health outcomes for cancer survivors.

Chronic pain, generally described as pain lasting three months or longer, affects approximately 30 percent of cancer survivors. In those with advanced stages of the disease, the prevalence can rise to 50%. As cancer treatments improve and more individuals live longer after their diagnosis, the number of survivors dealing with long-term pain often grows.

Pain often coincides with the use of substances such as e-cigarettes, cigarettes, cannabis, and alcohol for most people.

To better understand how pain influences non-opioid use among cancer survivors, researchers examined data from two nationwide surveys in the United States. These included 4,130 participants from the 2020 National Health Interview Survey (NHIS) and 1,251 adults from 2021’s Wave 6 of the Population Assessment of Tobacco and Health (PATH) Study.

The study also explored how substance use and pain relate to mental well-being, self-perceived physical health, quality of life, and other symptoms associated with cancer treatment. Separate regression analyses were conducted for each data set.

Findings from the PATH Study indicated that individuals who experienced higher pain intensity in the past week were more likely to use cannabis, e-cigarettes, and cigarettes, while they were less likely to consume alcohol. Data from NHIS similarly showed that chronic pain was linked to a higher probability of cigarette use but a lower likelihood of alcohol consumption.

Despite its significant findings, the study had some limitations. Since the research relied on self-reported data, there is potential for bias. Additionally, its cross-sectional design prevents researchers from establishing a cause-and-effect relationship between substance use and pain. Nevertheless, the findings offer important insights into the need for comprehensive care approaches.

The study’s authors emphasized that addressing both substance use and pain together in cancer care is crucial. They noted that pain can lead individuals to turn to substances, while substance use can, in turn, worsen pain, creating a challenging cycle to break.

Although some cancer survivors may use cigarettes or other substances to manage pain and cope with symptoms, doing so may have severe health consequences. It can reduce the efficiency of cancer treatment and raise the risk of recurrence. Marijuana industry players like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) can therefore help in spreading awareness about the potential side effects of medical marijuana so that patients are empowered to make informed decisions.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 Hampshire House Committee Discusses Measure to Legalize Recreational Cannabis

A House committee in New Hampshire recently convened to discuss one of three different proposals aimed at legalizing recreational cannabis in the state. The committee reviewed House Bill 186, introduced by Representative Jared Sullivan.

The proposal would permit adults from age 21 to possess up to ten grams of concentrate and two ounces of cannabis flower. It would also allow individuals to cultivate up to six marijuana plants for personal use at home.

Consumers would have the opportunity to purchase lab-tested and labeled products from stores regulated by the state. HB 186 is one of two legalization measures that Representative Sullivan has presented in this legislative session. The other proposal, House Bill 198, would legalize home cultivation and possession but does not include provisions for commercial sales.

The legislation discussed this week draws heavily from a similar measure that legislators nearly passed in the previous session. House Democrats, however, ultimately put the bill on hold after some of them voiced misgivings about its suggestion of a state-run franchise system.

Sullivan highlighted key changes in the new measure, including a lower tax rate. Instead of creating a new, marijuana-specific tax, the bill proposes using the state’s existing meals and room tax. Additionally, it seeks to establish an independent marijuana commission to set regulations and oversee the market, a shift from last year’s proposal, which would have placed oversight under the state’s liquor commission.

The committee listened to public testimony but didn’t make any immediate decisions on HB 186. Committee Chair Representative John Hunt stated that the bill would next be examined by a liquor subcommittee. Committee member Representative Merryl Gibbs expressed approval of the updated proposal, praising both the formation of a commission and the decision to base the marijuana tax on the meals and rooms tax.

Representative Heath Howard, co-sponsor of the measure, voiced his support, stressing the importance of providing adults not only with the right to possess cannabis legally but also with a regulated way to access it.

Former Representative Joe Hannon, who has a medical background and previously served on a state opioid committee, also backed the measure. Hannon noted that, without legal options in the state, residents often travel to nearby states to purchase marijuana legally, only to bring it back home.

The state Association of Chiefs of Police provided the only testimony opposing the bill during the hearing.

poll conducted in June revealed that about 65% of New Hampshire adults support marijuana legalization, with nearly 61% backing the previous bill, House Bill 1633.

The entire marijuana industry, including firms like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) will be hoping that the lawmakers in New Hampshire keep the interests of their voters in mind while considering the legalization bills before them.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 — President Trump to Play Pivotal Role in Marijuana Policy Reform and Rescheduling

With cannabis rescheduling currently on hold indefinitely, the $32 billion industry’s fate hinges on critical decisions—particularly President Donald Trump’s choice of the next Drug Enforcement Administration (DEA) director.

Trump made waves in September by becoming the first presidential candidate from a major party to support a state-level recreational marijuana legalization ballot initiative. However, since then, the topic has not resurfaced in his agenda. It also remained absent during the confirmation hearings for his attorney general nominee, Pam Bondi.

In this information vacuum, speculation has emerged based on Bondi’s record and Trump’s posts on Truth Social. A notable detail is Bondi’s time as a lobbyist for Ballard Partners, a D.C.-based company. Ballard’s client list includes Trulieve Cannabis Corp., a multistate cannabis operator based in Tallahassee, Florida, though Bondi herself is not listed as a lobbyist for the company.

Trulieve’s CEO, Kim Rivers, attended Trump’s inauguration alongside Cresco Labs CEO Charlie Bachtell. Following the event, Rivers shared on X that she had productive discussions on cannabis reform and rescheduling, calling it “a new day” for the industry.

If confirmed, Bondi’s actions—along with Trump’s choice for DEA leadership—could shape the future of cannabis reform. This urgency has heightened after DEA judge John Mulrooney II halted the administrative process to move cannabis to Schedule III. Mulrooney’s January 13 order stopped hearings that were supposed to resume on January 21, citing a request to disqualify DEA director Anne Milgram due to allegations of bias against the process.

Rescheduling would significantly relieve the cannabis sector, allowing businesses to claim standard federal tax deductions currently prohibited under federal law. However, the timing and continuation of the rescheduling hearings remain uncertain. As Mulrooney noted in his order, he could recommend restarting the entire process, but any decision ultimately rests with the next DEA director.

Trump’s first nominee for DEA leadership, Chad Chronister, withdrew his name shortly after being nominated. Trump later claimed he had withdrawn the nomination himself. Observers believe Trump might select someone with deep ties to the DEA, and this seemed likely when Derek Maltz, a long-time DEA official and opponent of rescheduling cannabis, was appointed interim administrator.

Whether Maltz becomes the next director or serves temporarily, many doubt a Trump appointee would oppose his policy stance. Similarly, the GOP-controlled Congress is unlikely to challenge Trump’s directives, despite cannabis advocates’ efforts to push reform.

Under Biden, marijuana reform efforts stalled, including a Senate bill for banking protections that never reached a full vote. Blame for this failure varies, with some pointing fingers at the Republican opposition, while others blame Chuck Schumer, the former Senate Majority Leader. Speaker of the House Mike Johnson and Senate Majority Leader John Thune are not seen as advocates for cannabis reform.

Should the Trump administration prioritize rescheduling, it could drastically alter the trajectory of marijuana policy in the United States. All the eyes of marijuana industry actors like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) will be on the new team in Washington, D.C. to see what decisions they make and how those decisions shape the future of the industry.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 After Ohio Legalized Marijuana, Fatal Car Crashes Have Dropped

Recent data released by the Ohio State Highway Patrol (OSHP) shows that since cannabis legalization came into effect in the state, fatal traffic accidents connected to marijuana use have decreased by 30%. This contradicts concerns raised by critics of legalization who predicted an increase in deadly crashes caused by impaired drivers under the influence of marijuana.

Ohio voters approved recreational cannabis legalization in November 2023 and the law went into effect the following month, allowing for legal possession and use. Retail sales began in August 2024.

The state had 1,067 fatal road accidents last year—the lowest figure in the last five years and a 7% decline from the 1,150 crashes recorded in 2023. Among these, 215 accidents, or about 20%, were linked to marijuana—a drop from 306 crashes (27%) tied to cannabis the previous year.

Operating a vehicle under the influence (OVI) arrests also decreased last year, with 644 fewer cases recorded than in 2023. Marijuana-related OVI arrests specifically saw an 83-case decline in 2024 compared to the prior year. In 2023, law enforcement reported 15,276 OVI arrests, of which around 10% (1,454) involved cannabis. By 2024, the total arrests had dropped to 14,632, and marijuana-related arrests accounted for 1,371 of those—a 6% decrease.

Tragically, 242 people lost their lives in crashes thought to be caused by cannabis use in 2024. However, this is a significant improvement—28% fewer fatalities than the 335 recorded in 2023. It’s also the lowest number of such deaths since 2020. Marijuana-related crashes in general fell as well, with 1,171 incidents reported in 2024—the lowest since 2020 and a 12% decrease from 2023.

Beyond traffic incidents, overall drug arrests by OSHP dropped significantly after marijuana legalization. In 2024, there were 5,458 fewer drug arrests compared to the prior year, representing a 66% decline. Arrests for all drug-related offenses have steadily decreased since 2021, with 12,528 arrests recorded that year. The numbers fell to 8,385 in 2022, 8,215 in 2023, and just 2,758 in 2024.

While OSHP noted that the current data is preliminary and might change as more toxicology results become available, these trends suggest a clear decline in cannabis-related traffic deaths. Reports from state regulators also revealed that legal marijuana sales in the state exceeded $242 million in 2024. According to regulators, 32,486 pounds of plant material and 4,007,127 units of manufactured items have been sold.

These statistics prove that marijuana legalization and the licensing of entities like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) doesn’t lead to a spike in fatal crashes. Instead, systems are created, such as education campaigns, to encourage responsible use. As a result, communities reap the benefits of this substance while also keeping any attendant risks minimal.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 — NORML Analysis Shows at Least 35,000 Studies Were Done on Cannabis in the Last 10 Years

A recent NORML analysis has revealed that over 4,000 scientific papers focusing on cannabis were published globally in 2024. This marks the fourth year that research output has reached this level.

Since 2014, over 35,000 cannabis-related studies have been released, according to NORML. These publications reflect an increasing emphasis on exploring the plant’s therapeutic benefits and the societal impacts of legalization laws.

Paul Armentano, NORML’s Deputy Director, shared insights in a blog post, noting that the past decade has seen an exponential rise in marijuana research. “Contrary to the belief that cannabis lacks sufficient scientific investigation, researchers have significantly deepened their understanding of cannabis, its active compounds, mechanisms, and its effects on users and society,” he stated. He further called on policymakers to shift their focus from uncertainties about marijuana to evidence-based discussions that reflect current knowledge.

NORML’s analysis involved a keyword search on PubMed.gov, a National Library of Medicine resource. The group reported that PubMed now lists over 49,500 scientific articles on cannabis, dating back to 1840. Interestingly, about 70% of these studies were published in the last decade, and over 90% have been added since 2002.

The research output for 2024 slightly trails the record set in 2022 when over 4,300 cannabis-related studies were published. However, the numbers still reflect a consistent upward trend compared to the previous decade, during which 32,000 studies were recorded.

Recent publications explore a variety of topics. For example, some studies highlight how cannabis legalization has reduced the rate of opioid overdose. Others discuss the plant’s ability to alleviate pain as effectively as morphine, and its role in improving the quality of life for patients with conditions like autism, epilepsy, and chronic pain.

Further research examines the effects of legalization on drug prescriptions. One study found that access to medical cannabis in Utah reduced opioid use among pain patients. Another revealed that incorporating marijuana into state prescription monitoring programs led to fewer prescriptions for narcotics.

Scientists have also delved into marijuana’s chemical components, including compounds like terpenes and minor cannabinoids. A study on cannabigerol (CBG) suggested it could help treat various conditions, including cancer and inflammation.

These studies represent just a fraction of the ongoing research into marijuana’s scientific, cultural, and legal dimensions as legalization continues to expand across the U.S., and federal reforms remain a topic of discussion in Congress. Industry actors like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) hope that this growing body of scientific literature on marijuana helps to shape future drug policy in different jurisdictions.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 Prices Gradually Reduce as Ohio’s Legal Market Grows

Data released by the Ohio Division of Cannabis Control shows that the price of marijuana has slowly been reducing since adult-use sales were launched this past summer. Dispensaries have reported slow-starts to the recreational program, indicating that vendor costs, confusion among consumers, and the state’s regulations may have contributed to this.

Under state law, licensed dispensaries aren’t allowed to sell marijuana cultivated or purchased outside the state. This has led to a decrease in vendor prices. State records also show that when adult-use sales were launched in August, the manufactured sales average for marijuana product was $31.06 while the average cost of one-tenth ounce of flower was $26.59.

As of last week, the manufactured sales average was $28.70 while the average cost of one-tenth ounce of flower was $21.72.

Terrasana’s director of marketing Nikki Stanley revealed that while they were seeing more traffic after recreational use of marijuana was launched, it still didn’t meet the expectations. Prior to the state approving Issue 2 which allowed individuals aged 21 and above to legally cultivate and use cannabis, most Ohioans were travelling to Michigan to get their marijuana fix.

Even after the recreational-use law going into effect, it appears residents in Ohio are still travelling to Michigan for marijuana. Data from Headset shows that in the last 2 years, Michigan’s marijuana market has recorded over $263 million in total sales.

With regard to sales, $178.5 million in total product sales had been recorded in Ohio as of last week.

Stanley has revealed though that dispensary marijuana prices have also been affected by potency, with higher THC content pushing prices higher. This has made products with higher potency very popular among consumers and while there’s a lot that makes a product good, new consumers seem hell bent on getting products with the highest THC.

The state’s recreational use program imposes a 10% excise tax on all adult-use purchases, with towns that have dispensaries operating in their jurisdictions receiving 36% of the funds generated.

The state has also allocated some taxes towards a substance abuse and addiction fund and a social equity fund, among others.

In addition to this, the program applies a sales tax to cannabis purchases. While the base tax rate is about 5.2% in the state, counties are allowed to impose additional sales taxes on purchases. In Green County, the total tax rate as of this year is 6.75% while in Montgomery County, it’s 7.5%.

The trend being witnessed in Ohio mirrors to a large degree what other jurisdictions in which leading firms like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) operate saw as the markets in which they are licensed had just launched.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 — Trump’s Pick for AG Triggers Hope Within the Marijuana Community

Donald Trump’s choice of Florida Representative Matt Gaetz as the next Attorney General has sparked controversy across party lines. Gaetz’s resignation from his congressional seat followed shortly after the announcement, just days before the House Ethics Committee was expected to address an ongoing investigation into allegations against him. These accusations, which Gaetz has denied, include claims of sexual misconduct and illicit drug use.

The nomination raises uncertainty about Senate approval, but it has already ignited significant interest within the cannabis industry. According to David Culver, senior vice president of public affairs at the U.S. Marijuana Council, Gaetz is among the most cannabis-friendly Republican lawmakers in Washington.

Culver noted that Trump’s decision to nominate Gaetz might indicate a serious commitment to advancing marijuana reform, a position the president-elect highlighted during his campaign.

Gaetz has consistently argued for marijuana reform, even though he rejected Amendment 3, a Florida initiative to legalize marijuana for recreational use that fell short of the necessary 60% voter approval. During his time as a state legislator, he sponsored Florida’s first bill to legalize medical cannabis.

After transitioning to Congress, he continued to push for change, supporting measures such as eliminating cannabis testing for the military. Notably, he was the only GOP co-sponsor of the MORE Act,which sought to expunge some convictions linked to marijuana and remove it from the federal restricted substances list, though the bill stalled in the Senate.

Even before Gaetz’s nomination, there was cautious optimism about how the Trump administration might handle marijuana policy. While Trump has not formally backed federal cannabis legalization, he supported Florida’s Amendment 3 and expressed interest in collaborating with Congress to provide marijuana companies access to banking systems.

He also indicated a willingness to continue efforts initiated under the Biden administration to reclassify cannabis from a Schedule I drug—considered to have no medical use—to a less restrictive Schedule III designation, grouping it with substances like anabolic steroids and ketamine.

Culver noted that Trump’s staffing decisions, including Gaetz, signal a positive outlook for federal marijuana reform. He also speculated that Gaetz could introduce updated guidelines for federal prosecutors to avoid interference in state-regulated markets.

Other marijuana advocates and industry leaders have also embraced the news. Boris Jordan, CEO of Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF)shared videos of Gaetz discussing marijuana regulation where the congressman pledged to support relaxed cannabis policies. Meanwhile, groups like NORML are calling for Gaetz to spearhead efforts to delist marijuana from the CSA entirely, drawing comparisons to alcohol regulation.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 — Gallup Survey Finds US Bipartisan Majority Support for Cannabis Legalization Stable

Support for legalizing cannabis is showing consistent strength across the United States, according to a recent survey by Gallup. The findings highlight that a significant majority of Americans, regardless of political affiliation, continue to endorse marijuana reform.

The survey revealed a slight dip in support compared to last year’s figures, but the change falls within the margin of error and is not considered statistically significant, according to a Gallup representative. As voters head into elections where cannabis reform will appear on various state ballots, the poll indicates that 68% are in favor of legalization, while 31% remain opposed.

Breaking down the numbers by political groups, 85% of Democrats, 69% of Independents and 53% of Republicans support legalization. The survey also showed strong support across different age groups, with approval ranging from 74% among 18- to 29-year-olds to 56% among those 65 and over.

The 68% overall approval rate for cannabis legalization is a slight decrease from last year’s record-high 70%. Between 2020 and 2022, the level of support remained steady at 68%. The recent poll was conducted from October 1 to October 12 and involved 1,023 respondents, carrying a margin of error of ±4 percentage points.

In another survey released in August, Gallup found that the public perceives cannabis as less dangerous compared to substances like alcohol, vapes, and tobacco. It was also noted that more adults reported smoking cannabis compared to cigarettes.

Moreover, a 2020 poll highlighted that 70% of Americans consider smoking marijuana to be morally acceptable, a higher rate than for issues such as animal testing, gay relationships, and abortion.

In a separate set of polls conducted by YouGov in August, there was substantial support among likely voters in key swing states—Wisconsin, Michigan, and Pennsylvania—for various aspects of cannabis reform, including federal rescheduling, legalization, and access to banking services for the industry.

The strong and consistent support for cannabis reform has not gone unnoticed by presidential candidates. Both major presidential candidates—Kamala Harris and Donald Trump—have publicly supported legalization—a first in U.S. history.

Recent surveys show that a majority of marijuana users plan to vote for Kamala Harris, although around 40% have indicated they will support Trump. Harris recently stated that legalizing marijuana is a top priority on her agenda if she wins, reinforcing her previous commitment to pushing for federal legalization and ensuring legal access to cannabis.

Trump, meanwhile, has also shown support for cannabis initiatives, endorsing Florida’s ballot proposal to legalize cannabis and expressing approval for federal rescheduling and banking reform efforts.

Firms like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) are probably not surprised by the data on the big fraction of Americans who support marijuana legalization since this same process played out across the border in Canada, resulting in a country-wide policy change.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 Patients in Texas Lack Access to Medical Cannabis

According to a recent report by the Texas Department of Public Safety (DPS), further actions should be taken by the state to increase accessibility to medical cannabis. The report focuses on Texas’ Compassionate Use Program (CUP), analyzing its effectiveness in providing patients across the state with reasonable access to treatment.

The findings highlight that Texas’ vast size creates specific challenges for both dispensaries and patients. According to Goodblend senior director of government relations, Jervonne Singletary, the main problem dispensaries encounter is logistics. Everything must be obtained from the pickup location, which functions as a retail location, and any unsold or uncollected items must be returned to the main hub in Austin, Texas, at the end of the day.

In the newly released 70-page DPS report, a third-party assessment was conducted to evaluate the CUP and suggest improvements. One of the most important findings in the report is the need for better access to medical cannabis for patients across Texas.

Nico Richardson, CEO of Texas Original, also underlined the necessity of tightening rules, saying, “Before thinking about expanding the number of new licenses, you need to address the regulatory framework of the current system. Overreliance on a small number of operators is unsustainable.” When CUP debuted in 2015, Texas Original was one of the first three businesses granted a license to conduct business in the state.

Richardson cautions against assuming that the issue would be resolved by merely allowing more dispensaries, particularly in underprivileged areas throughout the state. He makes the point that adding additional operators without changing the regulatory framework would make it harder for companies to survive, especially in smaller areas, and ultimately would not increase access.

Another significant issue raised in the report is the growing trend of patients turning to the hemp market for alternatives, such as delta 8 products. These products remain largely unregulated in Texas, which creates potential risks for consumers. Singletary believes this is an unintended consequence of current regulations, noting, “I don’t think the Texas legislature meant to create this situation with such easy access to hemp products.”

The unregulated hemp market has raised concerns among licensed dispensaries, as Richardson points out: “We’re regulated as if we’re handling hazardous materials like enriched plutonium, and it’s no longer reasonable.” He, along with other operators, believes that Texas needs to rethink its regulations to ensure the program can adequately serve patients.

As of now, more than 66,000 patients have enrolled in the program since its inception. However, the DPS report clarifies that this number doesn’t necessarily reflect active participants.

The data indicating that patients in Texas have limited access to medical marijuana products is likely saddening to industry actors such as Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) which believe that patients who want to try medical cannabis products in jurisdictions where enabling laws exist shouldn’t unduly be limited from accessing products legally.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 — Does Florida Cannabis Ballot Measure Stand Chance of Passing?

Former President Donald Trump recently expressed support for Amendment 3, a ballot initiative scheduled for Nov. 5, 2024, that would legalize recreational cannabis in Florida. This unexpected endorsement has added a new twist to the ongoing legalization efforts in the state.

Proponents of the measure are hoping that Trump’s backing will help sway the 15% of undecided voters to vote in favor of the legislation. With just over a month before the election, the fate of Amendment 3 is still uncertain as polls show the decision could go either way. To pass, the measure needs at least 60% of the vote; thus, every vote is crucial.

A recent Fox News poll showed 66% of voters in the state support the initiative, while another poll by Florida Atlantic University showed only 56% planned to vote yes. While polls show mixed results, the financial backing on both sides of the debate reveals a large gap.

Smart and Safe Florida, a political action committee (PAC) led by Trulieve and supporting Amendment 3, has managed to raise more than $100 million as of Sept. 20. Meanwhile, the opposition, including two anti-marijuana PACs — Keep Florida Clean and Florida Freedom Fund, aligned with Governor Ron DeSantis — has raised about $20 million.

Big donors on both sides are actively contributing to their respective causes. Trulieve has donated at least $87 million in support of the measure. On the opposing side, Ken Griffin, founder of Citadel Hedge Fund, has donated $12 million to Keep Florida Clean, with another $7 million expected.

The situation becomes even more complicated with the state’s hemp industry executives opposing the measure and pledging $5 million to fight it. This follows Governor Ron DeSantis’ veto of SB 1698 on June 7, 2024, which aimed to ban intoxicating cannabinoids derived from hemp, a move that could have severely impacted the hemp sector.

Florida’s medical marijuana market was largely dominated by multistate operators (MSOs). Verano Holdings, Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF), Surterra and Ayr Wellness control 61.4% of the 603 medical cannabis dispensaries in the state, while Trulieve owns 21% of them.

Approximately 4% of Florida’s population is registered as a patient using medical marijuana, making the state’s medical cannabis market substantial.

If Amendment 3 passes, many of the current medical cannabis operators will likely transition to the recreational market. The law would take effect six months later, on May 5, 2025. However, given DeSantis’ opposition and the GOP-controlled legislature, there’s potential for political maneuvering that could delay the process well beyond that date.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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 SMS alerts from CNW, text CANNABIS to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CannabisNewsWire.com

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

CannabisNewsWire
Denver, CO
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is powered by IBN