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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Cannabis Legalization: Tax Implications for New Jersey
Business & Finance
In the Nov. 3 election, voters in New Jersey voted to legalize cannabis for recreational and/or medical use. As the marijuana industry continues to grow generating jobs and profits in New Jersey, CPAs have been asked to provide their services to businesses that cater to the ever-growing industry–but this is uncharted territory. Original link
Precision Extraction Solutions Becomes First and Only Cannabis Extraction Equipment OEM to Achieve Compliance in All 50 States
Business & Finance
Precision® Extraction Solutions ("Precision"), the world leader in cannabis and hemp extraction technology, today announced a strategic partnership with Pressure Safety Inspectors (PSI). Through the partnership with PSI, Precision is launching a safety and certification program that will streamline compliance when buying Precision extractors. Origi
Cannabis greenhouse to take advantage of Delta RNG Project
Business & Finance
A large scale East Ladner greenhouse which made the switch from vegetables to cannabis has deal to utilize renewable natural gas from the Vancouver Landfill. Village Farms International Inc. announced its wholly owned subsidiary, Village Farms Clean Energy Inc., has renewed and expanded its existing contract with the City of Vancouver, which operat
What You Need To Know About Investing In Marijuana With A Biden-Harris Win
Business & Finance
  Industry insiders believe Democrat-held Congress would likely take up the SAFE Banking and MORE Acts, generating long-term market effects. Despite ongoing attempts by the Trump Administration to delay the transition, President-elect Joe Biden and Vice President-elect Kamala Harris are expected to take power on January 20, 2021, creating an impact
Rhode Island Considers Legalization to Solve Budget Crisis
Business & Finance
  Will Rhode Island be the next state to legalize cannabis? Many liberal, New England states have turned to recreational or medical cannabis to bring in some extra revenue, and now, in light of the budget deficit in the state, Rhode Island is talking about legalization as well.   Currently, the state is projecting a possible $114.4 million deficit
Central Mass. greener as state cannabis sales hit $1B
Business & Finance
Recreational marijuana shops in the state have surpassed $1 billion in gross sales, the state Cannabis Control Commission announced earlier this month, just under two years from the first sales. In other words, people sure like their pot.  “This sales milestone represents licensees’ ability to successfully support a safe, accessible and effective a
Al Harrington: From the Court to the Cannabusiness
Business & Finance
In over 16 years in the NBA, Al Harrington played in more than 1,000 total games, made an appearance in 55 playoff matches, and scored over 13,000 points. However, just by speaking to him, you’d be convinced that he wants to be known more for his success as a cannabis entrepreneur than his time on the court. In 2011, while the former first round pi
Arizona may see a marijuana shortage after legalization
Business & Finance
But, distributors could be faced with an even bigger issue. There's no definite timeline for when medical dispensaries will be able to make the transition, but when they do, they may not be able to meet the high demand for cannabis. Spencer Andrews is a public affair director for March and Ash, a dispensary in Imperial County. He addresses an impor
5 Digital Advertising Tactics for Cannabis Dispensaries
Business & Finance
As consumers increasingly shift to online ordering, click-and-collect, curbside pickup, and delivery, dispensaries must begin leveraging digital advertising options to drive online orders, keep their brands top-of-mind, and increase total sales revenue. Original link
Hemp Application Deadline Nearing in Alabama
Business & Finance
The Alabama Department of Agriculture and Industries (ADAI) wants to remind eligible hemp growers and processors/handlers the deadline to apply for a hemp license for the 2021 crop is November 30, 2020 by 5:00 pm (CST). ADAI will accept hemp applications using their new online application system: agi.alabama.gov/hempapp. Original link
Montana Gets Ready to License the Recreational Cannabis Industry
Business & Finance
Montana made recreational cannabis legal this past election, and now, they’ve begun the process of licensing, already looking ahead to the future of the recreational industry.  Original link
What a legalized marijuana market could look like for Va.
Business & Finance
If Virginia legalizes marijuana, sales could generate up to $300 million in annual state tax revenue and create 11,000 jobs, according to a Joint Legislative Audit & Review Commission (JLARC) report issued Monday. But legalizing the drug would not be without hurdles. Original link
Can farming hemp help fight climate change?
Business & Finance
A small farm in upstate New York is working to revolutionize the organic farming industry, starting with supporting their local ecosystem while growing, among a variety of grains, hemp — the plant behind the multi-million dollar CBD industry. Hemp, a species of cannabis that does not create a marijuana-like high, has an ancient history with usage d
Colorado Now Allows Marijuana Ads on Billboards, but Denver Doesn't
Business & Finance
Denver hasn't adopted a new state law allowing marijuana industry billboards in Colorado, but that could change soon. State laws implemented in January let marijuana companies advertise outdoors using billboards, but as with many new pot freedoms, local jurisdictions have to opt in first. And so far, Denver hasn't. Colorado’s current marijuana adve
Cannabis and a Pandemic: What’s Going On?
Business & Finance
In states across America where cannabis is legal, dispensaries and pot boutiques have been deemed essential during the COVID-19 pandemic. It’s a decision that may have baffled those who don’t partake but it made perfect sense, from a public health perspective. Original link
Did this cannabis site expose the records of more than a million users?
Business & Finance
The passwords and private information of 1.4 million users in an online cannabis growing and journaling platform may have been exposed. So alleges Volodymyr “Bob” Diachenko, an independent cybersecurity consultant, who posted a blog about his findings on LinkedIn. Original link

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