WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Missouri has had a rocky road to cannabis reform and medical cannabis expansion so far, but now, the state is poised for success with their own, commercial cannabis grow facility now fully up and operational. Original link
Hexo Corp. says it has sold its facility in Niagara Falls, Ont., for $10.25 million to an undisclosed buyer. The cannabis company announced in March plans to list the facility after reviewing its cultivation assets. Hexo determined that it no longer expected to restart operations, which it halted in November 2019, due to an excess of cultivation ca
nly 3 per cent of Australians using medical cannabis access it through the government’s regulated program, a new study found. Medical cannabis has been legal in Australia since November 2016, when the government created a system where doctors could prescribe weed to treat various ailments. Original link
The chief executive officer of Canopy Growth said this week he expects the United States will legalize recreational marijuana at the federal level in 2022. Speaking to CNBC’s Jim Cramer on his show Mad Money, David Klein said that the growing number of U.S. states legalizing weed will inevitably lead to broader support in Congress that will, in tur
To say 2020 could be a defining year for vertically integrated cannabis companies is an understatement. It will be. And those driving execution in this complex, regulated industry with an enterprise-level solution will prove to be the leaders. This year, the cannabis industry has been thrust into yet another transitional period. Legalization legis
Considering its current reach and future growth potential, CBD is one of the most exciting markets in the world. Cannabidiol, also known as CBD, is one of the active ingredients of the cannabis plant. Of the two components, THC creates the euphoric effects that marijuana is famous for and for which it has been classified as a narcotic in the past w
For cannabis marketers, generating mass awareness is far more difficult than it is for marketers in traditional consumer goods. Cannabis marketers must navigate scores of disparate regulations that limit where, how, and who they can target with their message. This creates a serious challenge for brands that aim to move the needle on awareness or ad
Every day, people across the United States demonstrate how legal cannabis could save the nation’s economy from the virus-caused downtown. They do so by buying record amounts of weed. Original link
Aurora Cannabis Inc. says co-founder Steve Dobler will retire as president and as a director of the company at the end of the month. Dobler has held the roles at the cannabis company since December 2014. With the retirement of Dobler, the board will have nine directors. The move follows the departure of founder Terry Booth, who stepped down as chie
On Monday, Compassionate Care by Design opened the first drive-thru medical marijuana dispensary in Southwest Michigan. Drivers could pull into the location off Stadium Drive to pick up their marijuana prescription, just like picking up a prescription at a drive-thru pharmacy, said store manager Vanessa McKenzie. McKenzie said this concept is to pr
Relief appears to be available for cannabis companies The cannabis industry rarely looks to the federal government for support. Yet the raft of fiscal relief addressing COVID-19 has caused some in the industry to wonder what options, if any, might be available for them. Original link
Global cannabis sales are expected to surge 38% to $20.4 billion this year despite the coronavirus-induced recession, according to new research from Arcview Group. The market research company released the 8th edition of its The State of Legal Cannabis Markets report this week, which also predicted sales will climb to a whopping $46.8 billion in 20
When hemp and cannabidiol (CBD) finally hit the stock market – after decades of nationwide prohibition – many investors saw an opportunity. However, in 2019, much of the optimism behind hemp’s stock jump came tumbling down – namely due to an overabundance in products and lack of demand for this quantity. So, where can we expect the hemp stocks into
California was the first state to pass legislation for medical marijuana, and it was among the first to generate a legal adult-use weed industry. After just two years of operation, the recreational dispensaries have generated over $1 billion in tax revenue, which has gone to fund childcare and anti-drug programs for the state’s youth, environmental
The months of May and June have already shown a great amount of positive gains for many leading marijuana stocks. As we continue to traverse into the summer, it looks like these cannabis stock gains are becoming more and more consistent. There are several reasons as to why the cannabis industry is showing so much upward propensity right now. For on
On May 20, 2020, the Washington State Liquor and Cannabis Board (LCB) held a virtual listen and learn forum on Original link
