WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
One Year After D.C. Legalizes Marijuana, 'Cannabusinesses' Aim High - Marijuana News
Business & Finance
A year ago this month, D.C. residents overwhelmingly approved a ballot initiative legalizing the possession of marijuana in the District and allowing residents to grow it at home.
Oregon utility offers help to cannabis growers after wave of outages - Marijuana News
Business & Finance
An Oregon electric utility said on Thursday that residents growing light-craving marijuana plants indoors have sparked a wave of small-scale outages, prompting the company to offer expert help in setting up their home-growing operations.
World's first marijuana-funded scholarship approved in southern Colorado – Marijuana News
Business & Finance
DENVER — A Colorado county that boasts the world's largest outdoor marijuana farm and has been actively courting the new pot industry has approved the world's first marijuana-funded college scholarship.
Fed wants Denver marijuana credit union lawsuit snuffed out
Business & Finance
James Dornbrook ~ Denver Business Journal ~   The Federal Reserve Bank of Kansas City has asked a federal judge in Colorado to dismiss a lawsuit filed against it by a Denver-based credit union that wants to provide financial services to the marijuana industry.
Canada captures U.S. cannabis investment
Business & Finance
Alexandra Posadzki ~ The Canadian Press via GlobalNews.ca ~   Friendlier laws on medical marijuana use in Canada are already drawing American investment north of the border, and the trend is likely to further ignite if the federal Liberals make good on their promise to allow recreational use of the drug.
Washington Expects Pot Sales Tax Revenue Surge to $1 Billion
Business & Finance
Kate Smith ~ Bloomberg ~   Washington State expects marijuana sales taxes to bring in more than $1 billion over the next four years, according to a budget forecast published by the Office of Financial Management.
Feds Block Push by Colorado to Create Pot Bank
Business & Finance
Kristen Wyatt ~ Associated Press ~    DENVER (AP) -- Colorado's attempt to create a bank to service its marijuana industry has received a setback from the Federal Reserve.
The South says no to marijuana but yes to hemp
Business & Finance
Thad Moore ~ Washington Post ~   Tobacco isn’t the reliable cash crop it once was. And that has hundreds of other farmers across the South revisiting a plant from deep in the region’s past: industrial hemp.
Why you need a workplace marijuana policy
Business & Finance
Kathleen Burke ~ MarketWatch ~    If you’re a small-business owner and marijuana has been legalized in your state, should you care?
Marijuana Grower Sued For Using Pesticides
Business & Finance
Debra Borchardt ~ Forbes ~   It didn’t take long before marijuana companies would be treated like any other company, and that means getting sued.
Colorado monthly marijuana sales eclipse $100 million mark
Business & Finance
Elizabeth Hernandez ~ The Denver Post ~ Colorado recreational marijuana sales are close to $60 million in August 2015; medical marijuana sales climb slightly.
Where to Stash Cannabis Cash? Tribal Nations Make Bid to Bank It
Business & Finance
Jennifer Kaplan ~ Bloomberg ~   A possible end to the era of $20,000 of cash stuffed into bags.
Oregon's first week of recreational pot sales tops $11 million
Business & Finance
Nina Mehlhaf ~ KGW.com ~   PORTLAND, Ore. -- After just one week of recreational marijuana sales, Oregon dispensaries have raked in an estimated $11 million.
Oregon cannabis workers unionize
Business & Finance
Gordon Friedman ~ Statesman Journal ~   At least two collective bargaining contracts between Oregon cannabis workers and the dispensaries that employ them have been signed, and more are expected to partake in collective bargaining as the industry develops.
In one Oregon town, a marijuana sale frenzy over the weekend
Business & Finance
Ted Shorack ~ BendBulletin.com ~ Medical marijuana dispensaries remained busy throughout the weekend after opening their doors for recreational sales Thursday.
Washington State gets competition as Oregon starts pot sales
Business & Finance
 Hal Bernton ~ Seattle Times ~   Thursday marked Day 1 of recreational-marijuana sales in Oregon. The competition for customers between Portland and Vancouver, Wash., is now officially on.

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