WeedLife News Network

The state recorded $365 million in sales in 2019, the first full year, and that number is estimated to grow to $950 million by 2025. So what’s the problem? Original link

Maine announced this week that the state is on track to be able to offer legal, recreational cannabis to those 21 and over by the end of the fiscal year.  This past Tuesday, the Office of Marijuana Policy announced that they had 27 businesses in the final phase of licensing and authorization in order to fully open. After a final state review, inclu

Hemp legalization has solidified that products containing cannabidiol (CBD) aren’t going away. Last February, Stephen Hahn, Commissioner of the Food and Drug Administration (FDA), acknowledged that it was “a fool's game” to attempt to pull hemp-derived CBD products off the market. Original link

Looking at present day Marijuana’s status, seeing dispensaries, legal grows, medical research, and legalized hemp…one has to believe that assuredly the Age of Cannabis has arrived. Every day it seems another state and/or country is legalizing it. The current trend leaves little doubt that Cannabis will be legal domestically in the United States rel

The communal experience of cannabis, something that has always been closely linked to joints and vapes, has now been put on an indefinite pause. Edibles to the rescue! Predictions about marijuana use during the pandemic abounded. Once businesses and buildings started to close, different states declared that cannabis is an essential business. People

Cannabis tourism is not a new concept. For many decades vacationers have flocked to cannabis hotspots like Amsterdam, Jamaica, Thailand, and other international destinations often associated with cannabis, albeit unregulated cannabis. Options for legal cannabis tourism have increased in recent years with the spread of cannabis reform. Canada is a p

The House voted to approve Part B Amendment #87 Thursday evening, which is a provision to prevent the federal government from using any funds to interfere with state medical or adult-use programs or target individuals and businesses that are in compliance with state cannabis laws. The bipartisan amendment to the Commerce, Justice, and Science appro

The majority of NJ voters across the political spectrum said they’d support legal cannabis, but probably wouldn’t use it. New Jersey Gov. Phil Murphy suggested earlier this month that legalizing recreational marijuana would be “an incredibly smart thing to do.” According to a new poll, New Jersey residents across the political spectrum agree, with

Read more at Benzinga Racial and gender diversity in the marijuana industry "is still lacking — especially in ownership and executive positions," according to MJBizDaily Research Editor Eli McVey. While the industry has taken steps to improve, more is required from it, McVey noted. With the national spotlight currently focused more intently on civi

Like everything else touched by COVID-19, unexpected trends and shifts have occurred in the cannabis industry. One such shift is towards consumers seeking value products, which are rising in popularity due to a reduction in work and income across many different industries as the COVID-19 crisis wears on. In particular, low price/high THC combinatio

The European Commission (EC) has suspended new applications for food products containing natural CBD while it considers labelling such products as “narcotics-related.” The commission has reached a “preliminary conclusion” that extracts from the flowerings of hemp plants should be considered a drug under the United Nations Single Convention on Narco

It’s one thing to decriminalize cannabis, but it’s another to encourage use with marketing and advertising that reaches kids. And that’s the problem: Almost all commercial advertising makes its way to the eyes and ears of children. If we care about public health, we should ban all cannabis ads. San Diego banned cannabis billboards within 1,000 feet

How This Summer Could Continue to Push the Boundaries of Pot Stock Growth Original link

The first (legal) industrial hemp crop to be planted in the U.S. state of Louisiana in modern times is being severely impacted by a fungal disease. What was one the USA’s hemp holdout states finally jumped on the nation’s industrial hemp revival bandwagon in June last year when Louisiana Governor John Bel Edwards signed off on legislation recognisi

As legislation moves through Congress to legalize cannabidiol (CBD) and other hemp-derived product use by military service members, the Navy has taken the ban a step further. The Navy recently administered a memo clarifying that service members are prohibited from using “any products containing, made or derived from hemp” regardless of their stated

A new report found that price was the second biggest factor for consumers when making CBD purchase decisions. The passage of the 2018 Farm Bill legalizing hemp sparked a CBD rush with millions in sales and seemingly everyone starting a company using some form of hemp-derived cannabis oil.  Last year’s BDSA and Arcview Market Research, industry repo

Delegates of the Democratic National Committee voted down a proposal to include the federal legalization of cannabis in the party’s 2020 platform on Monday. Platform committee delegate Dennis Obduskey of Colorado had introduced an amendment to include marijuana legalization in the platform, but the proposal was rejected by the committee with a vote

Black markets and grey markets pervade daily life in nearly every way. The idea of below board brands, or fakes markets are certainly nothing new. What do they mean to the newly legal cannabis market? And what are the problems that have been popping up as cannabis becomes the new darling of legally sold goods? As legal cannabis markets grow, both m