Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Thu
19
Apr

Exclusive: Effects of cannabis use in adolescents may not last long, new research finds

By: Celia Carr, Staff Writer for 420 Intel

Research about the effects that cannabis use has on adolescents and young adults often yields inconsistent results. Typically studies show a strong correlation between marijuana consumption and reduced cognitive functioning but new research is showing that these cognitive effects may not persist for very long even for chronic users.

JAMA Psychiatry published the findings from their meta-analysis that combined data from previous studies, all which examined the effects of heavy marijuana consumption on cognitive functioning in adolescents and young adults.

Thu
19
Apr

Canada: Hiku Brands and WeedMD to merge to create vertically integrated industry leader

  • The Transaction combines a premium cannabis brand house and retail focused operator in Hiku, with the significant production capabilities and differentiated medical brand in WeedMD
  • Vertically integrated operations secure control over the entire cannabis value chain
  • Coast-to-coast and diversified cannabis cultivation platform with four facilities, and planned capacity of over 56,000 kg by mid-2019
  • Brings together an experienced management team with leading capabilities in branding, marketing, retail and cannabis production
  • Increased scale of the combined company will enhance its capital markets profile and trading liquidity
  • WeedMD shareholders to receive 1.4185 common shares of Hiku for each share of WeedMD
Thu
19
Apr

Colorado: Where does the marijuana tax money go?

One of the most frequent questions asked is: "Where do my marijuana tax dollars go?" A new animated video created by Marijuana Industry Group, whose executive director, Kristi Kelly, has become the face of the cannabis business in Colorado, gets closer to the truth of the matter than anything has in a long, long time.

Thu
19
Apr

Oregon grew more cannabis than customers can smoke. Now shops and farmers are left with mountains of unwanted bud

A recent Sunday afternoon at the Bridge City Collective cannabis shop in North Portland saw a steady flow of customers.

Little wonder: A gram of weed was selling for less than the price of a glass of wine.

The $4 and $5 grams enticed Scotty Saunders, a 24-year-old sporting a gray hoodie, to spend $88 picking out new products to try with a friend. "We've definitely seen a huge drop in prices," he says.

Across the wood-and-glass counter, Bridge City owner David Alport was less delighted. He says he's never sold marijuana this cheap before.

Thu
19
Apr

Maine lawmakers believe they can override governor's veto on marijuana bill

Lawmakers in Maine are confident they have the votes to override a likely veto by Gov. Paul LePage (R) on a bill legalizing recreational marijuana.

The state Senate on Tuesday passed the bill in a concurrence vote of 25-10; the House also approved it last week by a veto-proof margin.

Legislators in the House believe their bloc of support for the bill will hold if the governor follows through on his promise to use a veto, according to the Portland Press Herald. 

Thu
19
Apr

Cannabis is set to be legalized in Antigua and Barbuda, PM announces

Antigua and Barbuda will allow the use of medical cannabis, Prime Minister Gaston Browne has announced, in addition to decriminalising  the possession of small amounts of the drug

In explaining the move Mr Browne said that that the prohibition of cannabis was not prompted by the health or well-being of users, but to serve the 'racist, political and economic interests of the global powers at that time'.

The Prime Minister said  his government's plans to legalise cannabis for medicinal and 'other' uses.

Mr Browne went on to apologise to the Rastafarian community for the 'demonisation and brutalisation' that has been inflicted upon them by police and other government authorities because of prohibition. 

Thu
19
Apr

Rising cannabis use could cut into wine consumption

According to an April report by New York City-based Rabobank, ‚Äúexisting research does indicate that rising marijuana use will negatively affect the growth of beverage alcohol.‚ÄĚ

The primary drivers of this trend include the fact that women and older consumers are saying they intend to use more marijuana when it is legal; a focus on health that cannabis fits into; and marijuana becoming legalized in states that already have high levels of wine consumption.

Thu
19
Apr

Keeping a close eye on protocol, Canadian banks warm up to cannabis

When Canopy Growth reached a financing deal with the Bank of Montreal (BMO) in January, it was a big step for both the licensed producer and for Canada’s financial sector. The deal signaled a shift in this country’s banking industry: It’s five biggest banks are finally warming up to the cannabis industry.

The banks have been skittish about getting involved in the industry, despite its dramatic growth in recent years, in large part because they have major business interests in the US, where cannabis is outlawed federally. (Cannabis for recreational or medical use is legal in many states but classified as an illegal Schedule-I narcotic under US law.)

Thu
19
Apr

Cash-heavy cannabis industry looking for alternative Fintech banking solutions

In a world where legal cannabis is rapidly becoming more mainstream, a vexing financial issue continues to haunt the businesses and consumers taking part in this multibillion-dollar industry; namely, what to do with all that cash when federally chartered banks can't accept it and credit card companies won't touch it.

Marijuana is still a federally prohibited substance, after all, which makes businesses that handle the highly regulated plant outcasts when it comes to traditional banking methods. This aversion to risk, as defined by the banking sector, is actually a welcome opportunity for companies that cater to "high-risk" industries, such as the rapidly expanding and lucrative legal cannabis market.

Thu
19
Apr

California plans 'consumption lounges' for cannabis tourism

Four months after California become the ninth US stateto allow for recreational cannabis consumption, cities are viewing consumption lounges as a way to increase cannabis tourism.

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