WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
State regulators are helping legitimize the industry, build consumer confidence and expand this promising market. While the Food and Drug Administration (the FDA) continues to drag its feet in forging a legal path for the manufacture, sale, and distribution of hemp-derived products, state regulators are keeping up with the demands of this evolving
2 Marijuana Stocks To Watch This Friday With Hidden Value When looking for marijuana stocks to buy often times people look for the top companies only. This is typically done due to the value and popularity of the given cannabis stock. Most times investors try to invest in what is currently popping or bubbling in the market. With cannabis stocks tra
In May, cannabis sales in the state hit $116 million, which is $1.5 million higher than in April. One might wonder if lawmakers in Illinois had any idea just how much recreational cannabis sales would bring into the state’s coffers when, less than two years ago, they decided to legalize it. They probably had some idea, seeing that the state ended t
How fast the cannabis industry is growing is astounding. It’s managed to thrive through the COVID-19 pandemic, one of the most challenging times in our country’s history. As a result, business owners are readying themselves for a prosperous future. But a flourishing cannabis business is highly dependent on having the right people overseeing differ
For the first time in Illinois, cannabis smokers will be able to legally light up in public Saturday in a lounge specifically built for that purpose. There have been discussions in Chicago and elsewhere in the state about opening consumption spaces, but the first will be in the tiny downstate city of Sesser, in a remodeled former bank. Original lin
Zimbabwe recently scrapped rules requiring sole state ownership for cannabis farming to encourage investment in the plant for industrial and medicinal uses. Zimbabwe is Africa's largest tobacco producer, but authorities expect hemp export earnings to start replacing tobacco as farmers seek higher earnings from the crop. Farmer Jesper Kirk has been
The University of California Berkley Cannabis Research Center has been studying water use on cannabis farms since 2017. The work has relied mostly on water use reports from farmers enrolled in California’s cannabis cultivation program, as well as anonymous farmer surveys. And while the data surrounding cannabis use, especially on nonpermitted g
Industrial hemp acres in Texas were expected to rocket after legalization, but the crop has yet to take off in a state that presents many challenges to it as a profitable commodity, according to a Texas A&M AgriLife Extension Service expert. Growing hemp in Texas has been a challenge as scientists and the industry seek varieties and management prac
As goes New York goes, so goes the world. A few months ago, Governor Andrew Cuomo signed New York's Senate Bill S854A, the Marijuana Regulation and Taxation Act (MRTA), legalizing adult-use cannabis in New York. Despite having just passed, the MRTA has already positioned New York at the center of the legal cannabis movement. Original link
The state of Illinois finished the previous fiscal year with more than $317 million in cannabis taxes. That far eclipsed the $52.7 million the state collected for the previous year with just six months worth of sales. Illinois legalized adult-use cannabis with the first legal sales beginning in January 2020. The state has reported continued growth
Top Pot Stocks In Q3 2021 Currently, many investors are asking themselves, is there still an opportunity to invest in top marijuana stocks in 2021? As it stands the cannabis sector has seen months of declines until it began to turn around in June. Now as we start July the US cannabis market is currently the center of attention and it seems most of
Now well into its second full year of adult-use sales, Michigan’s legal cannabis market is emerging from the pandemic ripe with opportunity. With a run rate behind only California and Colorado, Michigan’s early 2021 sales have put the state on pace to not only break the billion-dollar sales threshold but also blow right past it. Michigan regulators
Leading medicinal cannabis company, Cannasouth Limited has today entered into two conditional agreements to acquire the balance of the stakes that it does not already own in its cultivation and manufacturing joint venture businesses. Acquisition of outstanding interest in Cannasouth Cultivation Limited Cannasouth has entered into a conditional agre
The use of CBD has increased rapidly in the last decade where even medical experts have endorsed it as a useful health product. This boom has triggered professionals to do more research to determine the specific benefits of CBD. As a result, the number of companies making CBD products has also increased, with some of them making better quality prod
Cannabis will soon be legal to grow in Virginia, but many growers have one question: how will they get their hands on cannabis seeds? Under Virginia's new cannabis law, residents aged 21 and up, can grow up to four plants per household starting July 1. However, it will still be illegal to buy or sell cannabis seeds in the Commonwealth. It is also a
Cannabis-laced snacks that mimic popular brand names — including “Trips Ahoy!” and “Double Stuf STONEO” — are being hawked to kids and should be banned by the state Health Department, Nassau County elected officials said at a press conference Wednesday. The products, which are currently legal under the state’s medicinal marijuana program, contain d
