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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Weed stores could face exponentially higher license renewal fees under new bill
Business & Finance
Weed stores could face exponentially higher license renewal fees under new bill Image Cannabis NewsMay 9, 2023 HELENA - Beginning January 1, marijuana retailers in Montana will see their licensing and renewal fees jump dramatically if a bill passed by the 2023 Legislature gets signed into law by Gov Greg Gianforte. House Bill 903, sponsored by Rep.
Legal pot is more potent than ever and still largely unregulated
Business & Finance
Legal pot is more potent than ever and still largely unregulated Image Cannabis NewsMay 9, 2023 Marijuana and other products containing THC, the plant's main psychoactive ingredient, have grown more potent and more dangerous as legalization has made them more widely available. Although decades ago the THC content of weed was commonly less than 1.5%
Vermont regulators weigh in on how SAFE Banking Act could affect Cannabis industry
Business & Finance
Vermont regulators weigh in on how SAFE Banking Act could affect Cannabis industry Image Cannabis NewsMay 9, 2023 MONTPELIER - Vermont regulators aren’t sure what kind of impact the SAFE Banking Act would have here. The Department of Financial Regulation says they continue to hear banking for the cannabis industry is a hurdle for growers and retail
Whistleblower claims FBI and DCC ignored multi-million dollar Cannabis Diversion
Business & Finance
Whistleblower claims FBI and DCC ignored multi-million dollar Cannabis Diversion Image Cannabis NewsMay 9, 2023 Former employee said FBI, DCC declined to act on the information provided. As California continues to grapple with the problem of its cannabis being smuggled as far away as New York City, one longtime West Coast industry insider says auth
How advertisers are building up their Cannabis ad budgets as Marijuana regulations loosen
Business & Finance
How advertisers are building up their Cannabis ad budgets as Marijuana regulations loosen Image Cannabis NewsMay 8, 2023 This past 4/20, Gbemi Maiyegun was surprised to see just how many mainstream brands were celebrating with cannabis-friendly ads, partnerships and marketing messages. There were the usual suspects like Jack in the Box and Ben & Je
Grandma who supplied Cannabutter in Australia sentenced
Business & Finance
Grandma who supplied Cannabutter in Australia sentenced Image Cannabis NewsMay 8, 2023 A great-grandmother in Australia was sentenced to a two-year bond, based on good behavior, avoiding a 3,5-year sentence for supplying cannabutter to a minor. One grandma in Australia found healing benefits through cannabis-infused butter, but it backfired when he
Missouri Marijuana top $350 million during first 3 months
Business & Finance
Missouri Marijuana top $350 million during first 3 months Image Cannabis NewsMay 8, 2023 Hippos Cannabis has a 40,000-square-foot production facility in Vienna, Missouri, a town of 600 people that’s just 30 minutes north of Rolla. Since Missouri’s recreational marijuana sales began in February, it has added 25 workers, bringing total employees to 7
Illinois’ Marijuana tax revenue is the highest in the country, next to California
Business & Finance
Illinois’ Marijuana tax revenue is the highest in the country, next to California Image Cannabis NewsMay 5, 2023 SPRINGFIELD - Illinois made $562 million in taxes from marijuana sales in 2022, according to the Marijuana Policy Project. Illinois taxes legal cannabis with some of the highest rates in the country, with up to 40% over the sale price, p
Alaska’s US senators join push to protect banks serving Cannabis businesses
Business & Finance
Alaska’s US senators join push to protect banks serving Cannabis businesses Image Cannabis NewsMay 5, 2023 Alaska’s two Republican senators are part of a group of federal lawmakers seeking to protect banks that serve the marijuana industry from federal penalties. An effort that has repeatedly flamed out in the face of GOP opposition and Democratic
Monterey City Council approves four locations for future retail Cannabis stores
Business & Finance
Monterey City Council approves four locations for future retail Cannabis stores Image Cannabis NewsMay 5, 2023 The Monterey City Council voted 4-1 on Tuesday, May 2, for up to four possible retail cannabis locations. Within the city, it increases the previous idea of three locations—Alvarado Street, Lighthouse Avenue and the Cannery Row district—to
Ben & Jerry’s Cofounder gets fully baked with new nonprofit Cannabis company
Business & Finance
Ben & Jerry’s Cofounder gets fully baked with new nonprofit Cannabis company Image Cannabis NewsMay 5, 2023 Ben Cohen just launched a weed brand with a high-minded purpose—giving away 100% of its profits to right some of the racial injustices from America’s War on Drugs. Ice cream sold separately. One summer night in 1970, years before Ben Cohen te
Weed and the Royal Family?
Business & Finance
Weed and the Royal Family? Image Cannabis NewsMay 5, 2023 In a cathedral packed with people. Does anyone what to just chill and savor the moment? The coronation is upon us and the great crown is to be passed. As Westminster Abbey is filled with 2,000 guests, one wonders if anyone is discreetly using a vape or an edible to get through the ceremony.
US Industrial Hemp plunges from last year
Business & Finance
US Industrial Hemp plunges from last year Image Cannabis NewsMay 4, 2023 The USDA National Agricultural Statistics Service has released its second annual National Industrial Hemp survey. Rocky Mountain Regional Field Office Director, Rodger Ott says compared to last year, there are big changes in the 2022 report. “There were 28,300 acres of hemp gr
Is Cannabis legalisation a threat to spirits?
Business & Finance
Is Cannabis legalisation a threat to spirits? Image Cannabis NewsMay 4, 2023 Major drinks companies are eyeing up the cannabis sector, but are holding out for legislation to be passed before truly committing to it. It’s been nearly five years since Canada legalised the sale and consumption of marijuana. Since then 21 states in the US have allowed i
Voters react to the results on banning Recreational Marijuana in Montrose
Business & Finance
Voters react to the results on banning Recreational Marijuana in Montrose Image Cannabis NewsMay 4, 2023 MONTROSE - Voters in Montrose rejected a ban on marijuana facilities in the city. Mid-Michigan's May special election came down to a margin of less than 1%. Results show 240 people voted against the ban while 232 voted in favor. The proposed dis
Cannabis sales in Vermont hit record high in February
Business & Finance
Cannabis sales in Vermont hit record high in February Image Cannabis NewsMay 4, 2023 The fledgling adult-use cannabis industry in Vermont continues to hum along, with sales hitting a record high in the month of February. Heady Vermont reports that sales that month amounted to $6,477,957, which also represented a “a slight uptick in rate of sales gr

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