WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Hero Technologies adopts marijuana-related business banking
Business & Finance
Hero Technologies a cannabis company focused on a "seed-to-sale" vertical integration strategy, has migrated its banking operations from traditional financial institutions to banks that specialize in marijuana-related businesses (MRB). The company expects that the move to MRB banks will facilitate its compliance with state and federal financial reg
Flora Growth CEO meets with Colombian Senator as bill to legalize recreational cannabis is introduced
Business & Finance
Flora Growth Corp. (NASDAQ: FLGC) (“Flora” or the “Company”), a leading all-outdoor cultivator, manufacturer and distributor of global cannabis products and brands, announced today that the Company met with the author of a new bill to legalize recreational cannabis on the day the legislation was introduced to Congress. Flora’s Chairman and CEO Luis
Will hemp take over the plant-based food market?
Business & Finance
  Meat alternatives are on the rise globally. Could hemp take the lead as cannabis reform drives agricultural production? Meat consumption is rising globally (starting with the U.S.). The American market alone is worth about $270 billion annually, out of a market worth about $1.5 Trillion dollars globally. Unfortunately this is also a vertical whic
Ghost Drops launches legacy players into legal market, establishes elite cannabis brand platform
Business & Finance
Ghost Drops, Canada's Most Notorious Cannabis Brand, announces "The League" – a new brand platform created to propel the best brands from the legacy realm into the legal market. Legends. Icons. Innovators. This is The League. Designed to elevate more trailblazing cannabis names from the shadows into the spotlight, The League is another example of G
Mike Tyson’s cannabis comes to Maryland dispensaries
Business & Finance
Legendary boxer turned cannabis entrepreneur Mike Tyson has expanded distribution of his namesake marijuana to four more states, including medical marijuana dispensaries in Maryland. The expansion, through medical marijuana cultivation and distribution company Columbia Care, will also be available in Arizona, Ohio and Pennsylvania. His pot is calle
Government taps into the industrial hemp industry
Business & Finance
The government is looking at legalizing industrial hemp production in Fiji by sourcing hemp seeds from Canada. Minister for Economy, Aiyaz Sayed-Khaiyum says industrial hemp is a lucrative and largely untapped resource in the global economy due to misconceptions about what it really is. Sayed-Khaiyum says they will be engaging with the United Natio
Former Pfizer site in Puerto Rico leased to a cannabis company
Business & Finance
“We require many of the same types of machinery and outfitting — strong security systems, clean rooms, testing facilities, laboratories." Vireo Health International, Inc. leased a former Pfizer site in Barceloneta, Puerto Rico to set up cannabis cultivation and processing operations several years back, seemingly one of the earlier weed companies to
Headset report analyzes turnover rates for budtenders in the U.S. and Canada
Business & Finance
In the latest Headset report, budtender employees data exhibits the trends of new hires versus employees who work at a single location for more than 12 months. The cannabis data collection company Headset released its latest report on July 13, which covers budtender/employee turnover rates in cannabis dispensaries. Headset calls cannabis budtenders
NBA players union inks deal with Al Harrington’s CBD company
Business & Finance
  Re+Play products, created in partnership with Toronto-based company Avicanna, will also be sold at Walmart and Amazon. The National Basketball Players Association (NBPA) has announced a multi-year partnership with Re+Play, the performance-based wellness and recovery line founded by former player Al Harrington. The deal makes Re+Play an official p
Colorado Gov. announces 16 recipients of cannabis business grant
Business & Finance
The Colorado grant program is designed “to save small businesses money, foster equity and diversity in the cannabis industry, and create good-paying jobs for Coloradans.” Colorado Gov. Jared Polis last week announced the first businesses to receive funding through the state’s Cannabis Business Pilot Grant. A total of 16 aspiring cannabis retailers
Hygrovest continues to diversify its investment portfolio as cannabis sector underperforms
Business & Finance
The company holds A$6 million of cash that will allow it to continue to diversify away from the underperforming cannabis sector. Hygrovest Ltd (ASX:HGV) achieved some of its goals to diversify its investment portfolio, reduce its exposure to the cannabis sector and ultimately, reduce the difference between the share price and NAV, during the financ
High Tide subsidiary Blessed CBD launches sales of hemp-derived CBD products on Amazon UK
Business & Finance
  High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that its subsidiary, Blessed CBD ("Blessed"), has begun sales of its premium hemp-derived CBD products on Amazon in the United Kingdom ("Amazon
New York takes the grow plunge with outdoor grows upstate
Business & Finance
New York is off to a strong start with their recreational market, as certain hemp growers got the green light to start their outdoor growing. New York is finally kicking off their recreational cannabis sales, after years of back-and-forth and push back against antiquated and racist drug laws. Now, the industry is up and running with some of the fir
Banks shying away from the cannabis trade
Business & Finance
Fluence CEO and a leading lobbyist call for Congress to finally pass federal SAFE legislation that would put financial institutions more at ease with lending in the cannabis sector. Cannabis lighting firms take note: As rapidly as the legal marijuana industry is growing, it is held back in the U.S. by a lack of federal action that would allow tens
AE Global opens AE Global Boston office, continues to invest in cannabis packaging infrastructure in emerging markets
Business & Finance
Leading CPG packaging company expands cannabis division to scale support in MA, NJ, PA, NY, RI, ME and CT AE Global (AEG), a custom packaging design company and supply chain solutions provider headquartered in Miami, today announced the launch of a New England office, called AE Global North, to better serve the rapidly growing northeast cannabis ma
California may require labels on pot products to warn of mental health risks
Business & Finance
Liz Kirkaldie’s grandson was near the top of his class in high school and a talented jazz bassist when he started smoking pot. The more serious he got about music, the more serious he got about pot. And the more serious he got about pot, the more paranoid, even psychotic, he became. He started hearing voices. “They were going to kill him and there

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