WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
The cannabis business is recently legalised in 20 states of the U.S., and as this business shifts from the black market into the mainstream, it has encountered unparalleled development. Like every other business, the journey in the legal cannabis business can be fun, invigorating, and yet somewhat overpowering. Thus, following a couple of tips to m
Conducted by research firm Fact.MR, the study highlights the potential growth of the cannabis beverage category. Worldwide revenues for cannabis-infused drinks reached US$250 million by the end of 2020. Over the next decade, the market value is predicted to expand to 24 times that, climbing by 38% CAGR from 2021-2031 to approach US$6bn. CBD-based d
The creators of South Park have signed a new deal with ViacomCBS bosses, worth almost US$1 billion, to expand their cartoon world. One of the most lucrative in television history, the new US$900 million ($1.1 billion) deal will last over six years and include the series and a second South Park movie, according to Bloomberg. There are also tie-ins t
New Mexico’s anticipation of a deficit is not paranoia; it is a safe prediction given the precedent set by other states. When New Mexico started legalizing cannabis, the marijuana community in the state was ecstatic because it marked a new dawn for them. When it finally attained legalized status, the excitement was through the roof, but today it se
When Philip Morris International (PMI) CEO Jacek Olczak told The Mail on Sunday that the UK government should treat cigarettes like petrol cars and ban them in 10 years, many wondered why the world’s biggest tobacco company would self-sabotage itself with such a draconian statement. Original link
Hemp is a cannabis sativa plant that contains only trace amounts of THC, the psychoactive ingredient typically associated with marijuana. The market for industrial hemp, which can be used to make a wide variety of products, was estimated to be US$5 billion in 2019 and is forecast to grow to US$36 billion by 2026. More hemp being turned into more pr
The cannabis industry has gone from budding to booming in the past few years. Recreational cannabis sales are legal in 18 states to date (and Washington, D.C.) and in 2020, Americans spent over $18 billion on legal weed – a 71% increase from the year prior. Original link
Where There’s Smoke… The production and distribution of cannabis, once known to many only as marijuana, is the newest and most variegated industry in America. Some would even say it is one of the toughest industries in America in which to do business. This article will discuss a few unique challenges from a financial perspective faced by the indust
From a dispensary to your front door — that's the promise of Doobie, St. Louis' only cannabis home delivery service, which on July 22 marked its first day of ferrying orders to medical marijuana patients in the metro area. While the service can feel at first like DoorDash for weed, Doobie presently connects patients only with products at Jane Dispe
Four New England states now allow medical and recreational use of marijuana, which means local companies must review their current drug testing and substance use policies to ensure they are compliant with state and federal laws. With Connecticut legalizing recreational marijuana in June — and Maine, Massachusetts and Vermont laws already in place —
Investors can finally see the first rays of sunlight after a terrible year for this pot grower. On July 28, Tilray (NASDAQ:TLRY) stock surged by 26% in a single trading day after the company published strong quarterly results -- the first earnings report its $4 billion merger with fellow Canadian pot grower Aphria. Revenue shot up, the company fina
Tammy Turner and Kerry Buffington, the co-owners of Kapstone Employment Services in Detroit, had to have a conversation with a client recently that they're not used to having. "We actually had to go to them and say, 'Listen, this is not being consistent with the labor market now. Marijuana is legal and you're passing up on good talent,' " Turner re
Consumers and investors alike are excited about the emergence of the cannabis industry in the U.S. Legalization is gaining momentum state by state and social acceptance at the federal level. Specialty retailer GrowGeneration (NASDAQ: GRWG) is a potential stock for investors looking for broad exposure to U.S. cannabis. Here are three reasons why Gro
A Greek medical marijuana producer is heading for the London Stock Exchange (LSEG.L) thanks to a SPAC deal to take the company public. UK SPAC Plc, a London-listed shell company, said on Monday it had agreed a reverse takeover with Hellenic Dynamics, a European medical cannabis cultivation company. The deal values Hellenic at £45m ($62.5m). The tr
When Philip Morris International (PMI) CEO Jacek Olczak told The Mail on Sunday that the UK government should treat cigarettes like petrol cars and ban them in 10 years, many wondered why the world’s biggest tobacco company would self-sabotage itself with such a draconian statement. Original link
More than 100 million U.S. residents already live in a recreational state and 95% of residents live in a state with legal medical weed — so the consumer population is present and growing. (This article originally viewed on Benzinga By Michael Sassano) Multi-State Operators (MSOs) in the United States are primed for the next big stock amp-up, whic
