Recreational Marijuana News

Synonyms: 
lifestyle
recreational
Mon
06
Jul

Cities in Illinois Can Now Collect More Taxes On Marijuana Purchases

Municipalities in Illinois that have cannabis dispensaries will start seeing more money from recreational marijuana purchases. 

Cities, counties and villages that passed an individual 3% cannabis tax could start collecting it as of July 1. In the Metro East, that means more revenue for St. Clair County, Collinsville and Sauget, areas that passed a tax levy and where the region’s two current dispensaries operate.

Madison County won't collect an additional tax because county board members voted against allowing cannabis sales in unincorporated parts of the county last year.

Thu
02
Jul

Marijuana industry using tobacco’s old tactics of preying on kids, study says

The unethical choices the tobacco industry made decades ago marketing its addictive and harmful products to kids and the lax government oversight that allowed it to happen are playing out again in California’s legal weed industry, according to

Wed
01
Jul

The Risks Of Combining Cannabis And Birth Control

While more research is necessary, mixing weed and birth control could lead to negative side effects.

Smoking always comes with health hazards, from life threatening issues such as cardiovascular health and increased cancer odds, to more superfluous damages, like the health of your skin and teeth. When talking about pregnancies, smoking is one of the most risky and dangerous things you can do. What a lot of people don’t know is that smoking can also negatively impact your birth control.

Wed
01
Jul

Can You Smoke Marijuana While Taking Antibiotics?

There is still much research to be done examining individual medications and how the use of marijuana could change how they work in the body.

It isn’t too common to experience severe side effects with the use of marijuana, according to the Department of Health. But that isn’t to say there aren’t some annoying reactions associated with the plant, such as  red eyes, dry mouth, sedation, and anxiety. 

Wed
01
Jul

New York college students overwhelmingly support cannabis legalization

College students in New York have little doubt about whether or not cannabis should be legalized in the Empire State, with more than 90 per cent voicing support for such a move.

That preference was made clear as part of a new survey from Siena College Research Institute. The admittedly unscientific survey involving 250 undergraduate and graduate students reflected input from about a dozen of New York’s 13 state universities, according to Merry Jane.

Wed
01
Jul

What's in a name? Canadians ignoring pot branding, survey finds

It's been almost two years since Canada legalized cannabis and pot producers have spent millions of dollars marketing their wares in the hope that consumers would know their Tweeds from their Trailblazers. 

Most of that money may have been completely wasted, according to a new survey that looks at how well Canadians can identify some of the brands available at legal pot shops across the country. 

The survey, published by Brightfield Group, polled 3,000 Canadians in the first quarter of the year. It found that brand awareness remains low, which is confusing consumers and resulting in "decision fatigue." Roughly two out of every five respondents said they were aware of Canopy Growth Corp.'s Tweed brand, while 17 different brands had less than 20 per cent name awareness.

Wed
01
Jul

Thousands of marijuana offenders in Colorado eligible for rapid pardons under new bill

Thousands of people in the state of Colorado with minor marijuana convictions could be pardoned at once in 90 days after Governor Jared Polis signed into law a new bill on Monday.

Under a broader cannabis social equity bill that state lawmakers passed earlier this month, the governor was also granted the authority to unilaterally mass-pardon Coloradans with minor marijuana possession convictions instead of pardoning individuals on a case-by-case basis. 

Wed
01
Jul

The Deep South’s Gradual Evolution on Cannabis

Marijuana often demonstrates the ability to win over even the most conservative of individuals. That said, winning over the hearts and minds of America’s vast regions isn’t complete until cannabis endears itself to the nation’s most conservative citizens and lawmakers in the southeast. 

Recent activity indicates that it may just be happening.

Commonly known as the Deep South, the region is the Bible Belt’s shiny, conservative buckle. It’s where conservative viewpoints almost always win out. There, progressive agendas like cannabis reform often face an uphill battle that rivals that of Sisyphus. 

Tue
30
Jun

Pot slump creates distressed opportunities

Cannabis stocks have lost about a quarter of their value in the first half of 2020, compounding a 50 per cent drop in 2019.

The upside for investors? There’s never been a better time to do distressed deals, according to Codie Sanchez, managing director at private equity firm Entourage Effect Capital LLC.

Liquidity in the sector has been diminishing since the first quarter of 2019 but now that trend is “on steroids,” with private companies’ access to capital almost completely dried up, Sanchez said at a virtual conference hosted by Prohibition Partners last week.

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