WeedLife News Network

US Cannabis Industry Growth Slows to a Crawl Amid Price Compression and Delayed Federal Reform Image Cannabis NewsDecember 12, 2024 US cannabis industry revenues are set to grow just 3.2% in 2025, as price compression, difficult economic dynamics and an increasingly complex political landscape put the brakes on the sector. According to a new report

Thousands of Kansans are buying medical marijuana in Missouri Image Cannabis NewsDecember 11, 2024 While thousands of patients cross the border with medical cards in hand, countless more are buying recreational cannabis without a prescription. That’s unlikely to change as some Kansas lawmakers signal resistance to medical legalization in 2025. TOPE

DEA Judge Provides Timeline for Witness Testimony in Marijuana Rescheduling Hearing Image Cannabis NewsDecember 11, 2024 DEA Administrative Law Judge John Mulrooney has ordered witness testimony to begin in the matter of marijuana’s federal classification as a Schedule I controlled substance on Tuesday, January 22, 2025. Barring a stay in the proce

California’s cannabis task force seizes over $19 million in illegal cannabis and products in recent operations Image Cannabis NewsDecember 11, 2024 Continuing the state’s efforts to address the illegal cannabis market, Governor Gavin Newsom today announced California’s Unified Cannabis Enforcement Taskforce (UCETF) recently seized a combined total

Cannabis in NY: OCM provides a year in review Image Cannabis NewsDecember 11, 2024 The Office of Cannabis Management provided a year in review by sharing an update on the cannabis industry in New York State during a Cannabis Control Board meeting. New York State currently has 261 adult-use retail stores. OCM said it is a big increase, considering t

The New York Cannabis Market Continues to Soar Image Cannabis NewsDecember 11, 2024 The New York Office of Cannabis Management held a Control Board Meeting today that was broadcast online. Two months ago, we provided an update regarding the state’s strong growth in adult-use sales, and this extremely bullish story has become even more bullish. Sale

Hunter Biden Pardon Sparks Intensified Calls for Federal Cannabis Clemency, With Suggestions More Could Be On the Way Image Cannabis NewsDecember 10, 2024 Joe Biden’s controversial pardon of his son Hunter Biden has seen pressure build on the outgoing US president to make good on his promises of widespread clemency for low-level cannabis conviction

FDA Approves Cannabis Study for Veterans with PTSD Image Cannabis NewsDecember 10, 2024 After years of back and forth, the U.S. Food and Drug Administration (FDA) approved a clinical trial to determine whether cannabis helps veterans with post-traumatic stress disorder (PTSD). This critical multi-state study, dubbed MJP2, will include more than 300

Liquor Stores Make Room for Cannabis and CBD Beverages Image Cannabis NewsDecember 10, 2024 The cannabis and CBD beverage industry has grown rapidly in recent years, driven by increasing legalization, consumer interest in wellness alternatives and the desire for new ways to experience relaxation and socialization. Grand View Research valued the glo

Recreational marijuana sales stabilize in October following sharp September drop Image Cannabis NewsDecember 10, 2024 Arizona’s recreational marijuana market showed signs of stabilization in October, with dispensaries selling $75.3 million in adult-use cannabis products, up from September’s $67.3 million, according to the latest data from the Arizo

FVKD Calls Out FOX4 for Falsely Portraying Its Products Image Cannabis NewsDecember 10, 2024 FVKD products were inaccurately portrayed in a story broadcast by FOX4 Dallas on December 5, 2024. FVKD products are legal hemp products. Each of FVKD’s products are tested by Armstrong Forensic Laboratory and meets the standards established by strict regul

Press Release: Ridder announces partnership with NAVUS CEA Enterprises Image Cannabis NewsDecember 10, 2024 Ridder is proud to announce a strategic partnership with Navus CEA Enterprises, a family-funded investment company with a proven track record in controlled environment agriculture (CEA). Building on a history of successful collaborations as c

US (OH): $191M in sales for Ohio since August, state reveals Image Cannabis NewsDecember 9, 2024 Ohio dispensaries have sold nearly $200 million in adult-use marijuana since the program launched in August, according to new state data. Product sales hit $191 million by the end of November with over 2.5 million receipts on the books, the Division of

NJ’s Mixed Smoke Signals: Cracking Down on Hemp but Stalling on Cannabis Lounges Image Cannabis NewsDecember 9, 2024 There’s been lots of movement lately in New Jersey’s cannabis world. The state’s decision to begin enforcing its hemp law sends a strong signal: they’re serious about regulating these businesses. But while the Cannabis Regulatory Com

How Trump’s Appointments View The Future Of Cannabis Image Cannabis NewsDecember 9, 2024 In recent months, the Trump administration has made several key appointments that are poised to significantly impact the cannabis industry. These appointments, announced between September 2024 and now, reflect a mix of perspectives on cannabis policy, creating

House Dems take another shot at legalizing marijuana Image Cannabis NewsDecember 9, 2024 Democrats are taking another swing at legalizing marijuana in Pennsylvania. House Reps. Dan Frankel, D-Allegheny, and Rick Krajewski, D-Philadelphia, are circulating a co-sponsorship memorandum for legislation they are drafting. It’s the latest in a string of l

Ken Paxton sues Dallas over voter-approved amendment to decriminalize marijuana Image Cannabis NewsNovember 22, 2024 Texas Attorney General Ken Paxton has sued the city of Dallas after it adopted a voter-approved charter amendment that decriminalizes possessing less than 4 ounces of marijuana. About 67% of Dallas voters approved Proposition R in th

Federal Govt. Seeks to Downgrade Marijuana's Classification Despite Mounting Evidence of Real Danger Image Cannabis NewsNovember 22, 2024 The federal government is considering a big change for marijuana, by declaring it a far less dangerous drug. The move would be an enormous economic boost for the people who legally sell the drug because the recla