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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Injunction halting Marijuana licensing sparks confusion in industry
Business & Finance
Injunction halting Marijuana licensing sparks confusion in industry Image Cannabis NewsAugust 22, 2023 State Supreme Court Justice Kevin R Bryant issued an injunction Friday stopping New York's marijuana licensing program amid a lawsuit filed by four veterans. ALBANY — Marijuana retail store operators and applicants hoping to become one have been l
Pharma Industry showing ‘Growing Interest’ in Cannabis
Business & Finance
Pharma Industry showing ‘Growing Interest’ in Cannabis Image Cannabis NewsAugust 22, 2023 Big-pharma has so far been cautious of diving headfirst into the cannabis industry, despite the growing body of evidence surrounding its medical benefits. Pharmaceutical cannabis sales are set to top $1.11bn this year, with the world’s largest and most lucrati
MJ Market could generate $275-403M in taxes in first five years in Ohio
Business & Finance
MJ Market could generate $275-403M in taxes in first five years in Ohio Image Cannabis NewsAugust 21, 2023 Will Ohio be the next state to usher in a new era of reform and recreational cannabis? Ohio just approved a statewide vote on adult-use cannabis on November’s upcoming ballot, and it’s looking like business would be booming should it be approv
Real Estate Veteran aims to assist minorities and women in Cannabis Sector
Business & Finance
Real Estate Veteran aims to assist minorities and women in Cannabis Sector Image Cannabis NewsAugust 21, 2023 Gloria Govan Takes the Helm as General Partner at Alta II, Pioneering Accessible Real Estate Financing for Minority-Owned Cannabis Ventures. On Wednesday, RLNTLSS Brands founder and President Gloria Govan announced her appointment as Genera
Cresco CEO still believes federal reform is possible
Business & Finance
Cresco CEO still believes federal reform is possible Image Cannabis NewsAugust 21, 2023 Cresco Labs CEO Optimistic About Federal Marijuana Reform Despite Delays, Anticipates Positive Progress in DC. During the Chicago-based company’s most recent earnings call, Cresco Labs CEO Charles Bachtell strongly implied that he believes federal marijuana refo
Middle-aged US adults binge drinking and using Marijuana at record levels
Business & Finance
Middle-aged US adults binge drinking and using Marijuana at record levels Image Cannabis NewsAugust 18, 2023 Alarming Surge: Binge Drinking, Vaping, Marijuana Use Record High Among US Adults, University of Michigan Study Finds. Binge drinking, vaping, marijuana use, and hallucinogen consumption reached an all-time high among US adults in 2022, show
Dropping prices and heavy tax burden will mean Cannabis industry
Business & Finance
Dropping prices and heavy tax burden will mean Cannabis industry Image Cannabis NewsAugust 18, 2023 Producers and retailers say current federal tax is not sustainable for the industry. With high taxes, a saturated market and few options, some of Canada's legal cannabis producers are struggling. When the federal government legalized the sale of recr
California locals block Cannabis store from opening
Business & Finance
California locals block Cannabis store from opening Image Cannabis NewsAugust 18, 2023 A proposed Embarc location was far enough away from a school, but locals appealed its permit to open, saying it’s a nuisance because of smell and security. After bending over backwards to meet the criteria for compliance, residents in Pinedale, a neighborhood of
Women-led Cannabis farmers market opens in Columbia County
Business & Finance
Women-led Cannabis farmers market opens in Columbia County Image Cannabis NewsAugust 18, 2023 After cannabis sales lagged in New York, marijuana growers are coming together to participate in the state’s Cannabis Growers Showcase’ initiative in hopes of getting their stockpiled crops sold. Many cannabis growers have been struggling to get last year’
Former NBA All-Star Dwyane Wade releases exclusive Cannabis Box
Business & Finance
Former NBA All-Star Dwyane Wade releases exclusive Cannabis Box Image Cannabis NewsAugust 18, 2023 The limited-edition box coincides with Dwyane Wade’s recent induction into the NBA Hall of Fame. Former NBA athlete and Hall of Famer Dwyane Wade recently announced the details regarding his special cannabis box launch in collaboration with Jeeter. “M
Blockchain is transforming Cannabis Industry
Business & Finance
Blockchain is transforming Cannabis Industry Image Cannabis NewsAugust 18, 2023 In recent years, blockchain technology has emerged as a powerful tool with the potential to revolutionize various industries. A partnership between ACS Laboratory, the largest hemp and cannabis testing facility in the eastern United States, and Blockticity, a leader in
With Cannabis industry expanding, a Baltimore company sees an opportunity to clean up
Business & Finance
With Cannabis industry expanding, a Baltimore company sees an opportunity to clean up Image Cannabis NewsAugust 17, 2023 Maryland cannabis companies reported tossing a little over 29 tons of green waste in 2022, according to the Maryland Cannabis Administration, a total that will expand with the legalization of recreational use by adults earlier th
Ocean View considers prohibition of Marijuana sales
Business & Finance
Ocean View considers prohibition of Marijuana sales Image Cannabis NewsAugust 17, 2023 The Town of Ocean View is considering regulations on marijuana months after the Delaware General Assembly voted to legalize its recreational use and sale. The conversation in Ocean View comes after a number of coastal communities voted to ban the sale of the drug
Medical Marijuana pioneered legal weed in Michigan and now it's withering away
Business & Finance
Medical Marijuana pioneered legal weed in Michigan and now it's withering away Image Cannabis NewsAugust 17, 2023 The reality is there are fewer dispensaries selling medical marijuana in Michigan as demand for adult-use recreational marijuana dominates. Michigan's medical marijuana industry is wilting. The portion of the cannabis business that stoo
Organizers hope to raise funds for flooded Vermont Cannabis pot shops
Business & Finance
Organizers hope to raise funds for flooded Vermont Cannabis pot shops Image Cannabis NewsAugust 17, 2023 The Cannabis Retailers Association of Vermont, and others plan to help raise funds for flooded cannabis businesses. “Historic” flooding in Vermont is causing an unprecedented number of landslides in the state, impacting businesses including thos
New York Cannabis retailers find roadblocks in obtaining licenses and opening shops
Business & Finance
New York Cannabis retailers find roadblocks in obtaining licenses and opening shops Image Cannabis NewsAugust 16, 2023 Some entrepreneurs in the first round of licensing have found it difficult to navigate applications, find retail space. Bronx resident Jesus Fontanez was 18 years old when he began taking care of his younger brother after their mot

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