WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Marijuana growing moratorium?: Supply and demand could lead to changes in Michigan
Business & Finance
DETROIT - Marijuana growers in Michigan are making too much product and it’s outpacing demand. In just the past year, the price for an ounce of flower went down by 44%. The Cannabis Regulatory Agency is now seeking input on how to solve the problem. "The agency has been hearing concerns that the supply of marijuana produced by licensed growers exce
Cannabis stores start shutting down, 'collateral damage' from B.C. General Employees Union strike
Business & Finance
“The economic impact is large. It just doesn't seem fair that an entire industry is going to get destroyed as collateral damage for someone else's decisions.” B.C. cannabis stores have already begun shutting down as their only supply source has been cut off by a 10-day-old B.C. General Employees Union strike at government distribution warehouses. O
Office of Cannabis Policy hosts town-hall Discussion on Industry
Business & Finance
To take the temperature of stakeholders involved, the office hopes to open up a conversation to better meet industry needs. BANGOR - To open up a conversation about the industry, the Office of Cannabis Policy hosted a listening event on Wednesday to speak on policy and questions with the public.  The town-hall style event aimed to gain a diverse pe
County eases strict Marijuana Zoning Requirements
Business & Finance
The new zoning rules make it easier to gain Pima County approval for new marijuana dispensaries, manufacturing facilities and cultivation businesses. “It aligns more closely with the city’s (Tucson) codes, as in the dimensions and setbacks,” said Chris Poirier, deputy director of Pima County development services. “Even with the Type III permits, it
Looks like Massachusetts is getting LIT
Business & Finance
There’s a new cannabis flower brand in Massachusetts, and it’s LIT.  Ayr Wellness, one of the largest publicly traded cannabis companies in the United States, recently announced that it partnered with Lit to bring its line of cannabis genetics to its Massachusetts dispensaries. Lit is the latest West Coast cannabis flower brand that is trying to ma
Cannabis products firm Love Hemp hit by Trading Suspension
Business & Finance
Temporary de-list imposed in addition to £100,000 fine reduced to £70,000. Cannabis-based products business Love Hemp has been slapped with a £100,000 fine and de-listed from alternative market Aquis Stock Exchange (AQSE) due to a fundraising issue.  The company backed by two-time world heavyweight champion boxer Anthony Joshua specialises in canna
What new Federal Investments in THC Breathalyzers mean for the Future of Testing
Business & Finance
Even with elaborate and accurate equipment, there are likely to be many legal battles fought over how legitimate the equipment is. As marijuana becomes legal and regulated in many states, law enforcement is often struggling to keep up with the times. There is definitely a learning curve when something that was illegal suddenly becomes legal, and th
Study shows people who use Cannabis are more likely to consume Nicotine Products
Business & Finance
The study, published in the American Journal on Addictions, is among the first to examine nicotine use among patients of a medical marijuana dispensary. What are the substances, which enhance one's nicotine addiction? In a first, a study published in the American Journal on Addictions, is among the first to examine nicotine use among patients of a
Is this Cannabis Stock going up in Flames?
Business & Finance
Innovative Industrial Properties (NYSE: IIPR) -- often referred to as IIP -- quickly became one of the hottest growth stocks in the cannabis industry. The real estate investment trust (REIT), buys and leases industrial properties to licensed medical marijuana operators. At its peak in February 2021, it had grown 916% in five years. But its stellar
Does Lompoc have too many Cannabis Shops? Some Businesses want a cap
Business & Finance
Lompoc leaders could enact a moratorium on new cannabis businesses in the city amid concerns that a glut in the market is resulting in too much competition. The request for changes comes from existing cannabis businesses which say there are too many pot shops in a city of just 45,000 people, especially at a time when inflation has dampened demand f
SC Labs Completes rebrand of National Cannabis and Hemp Testing Network
Business & Finance
SANTA CRUZ - SC Labs today announced it has rebranded Agricor, Botanacor, and Can-Lab to become one company under the SC Labs name. The company now offers seamless testing services for cannabis across California, Michigan, Oregon, and Colorado, as well as hemp testing capabilities nationwide. This represents the first stage of expansion that will d
Does Cannabis help with recovery after a Workout?
Business & Finance
Cannabis is such an effective recovery aid that many professional athletes have secretly used cannabis to help them recover, even when it might have cost them their career. We all know exercise is good for us. But sometimes we forget recovery is just as important. To get back to the activity you love, you need to recover in an optimal amount of tim
Buckfield voters pass $2.4 million budget Marijuana Ordinance
Business & Finance
BUCKFIELD - Residents passed the $2.4 million budget and a new marijuana ordinance in Tuesday's Town Meeting referendum vote, but it was not a good day for incumbents. The town is one of a few municipalities that holds its Town Meeting with a daylong vote by secret ballot instead of a traditional in-person meeting. That method will continue for at
Hemp Production: an intriguing Option for Wisconsin
Business & Finance
Our recent story about an area farmer studying the potential for industrial hemp has more implications than what people might realize at a glance. We think this is a potential winner for the state. Hemp, as most people are aware, is the same basic plant as marijuana. But industrial hemp has much, much less THC in it. You could probably smoke it, bu
University of Idaho partners with Idaho company for research on Hemp Insulation
Business & Finance
IDAHO - A partnership between the University of Idaho and a local company Hempitecture is looking to turn the world a little greener by using hemp as an environmentally friendly building material. Home insulation made out of hemp is what the University of Idaho's Boise-based Integrated Design Lab is testing right now using a $200,000 state grant to
Cannabis Smuggling on the Decline Between Mexico and U.S.A.
Business & Finance
Cannabis advocates have long pointed out that when cannabis is prohibited, people still consume it. That may seem obvious, however, cannabis prohibitionists try very hard to pretend that it’s not the case. Under prohibition, cartels largely control cannabis sales. That is not to say that every single piece of cannabis is cartel controlled. Surely t

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