WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
New hemp production and manufacturing rules from the USDA went into effect this week. As the industry continues to grow across the country and here in Florida, stakeholders are continuing to press for safety. “So what we’re doing here is packing off our gummies,” Margaret Richardson said, as she gave Spectrum News a tour of Global Widget, a CBD
Virtually every business needs access to banking services, including a bank account to put money in, checks and debit cards, and other services that banks offer. Unfortunately, members of the cannabis industry are often locked out of receiving banking services because of cannabis’ legal status in many countries. Nowhere is that on greater display t
While it could take several months or more than a year for marijuana and cannabis businesses to hit the ground running on sales of the product, there’s another challenge facing the industry that will take federal legislation to resolve. Working with a bank remains one of the challenges for the industry. Original link
Department of Agriculture officials said that 323 farmers have applied for permits to be able to grow hemp in South Carolina. Last year, 265 farmers grew the crop. It was first legalized in 2018 and grown by 20 people that year. Hemp is considered to be one of the biggest trends in the farming world with research firms estimating it to be a $20 bil
In a budding industry, every year seems to possess a distinct significance. As someone who has traversed the globe advising on all things cannabis for more than a decade, I can confidently say that no two years have been the same. New patterns and market fluctuations come and go rapidly - a fairly common occurrence as a nascent industry builds its
On any given day, more than a million dollars worth of cannabis products are on the move at the Nabis warehouse in Oakland, California. Products like cannabis-infused chocolate bars and berry-flavored vape cartridges sit on the shelves, waiting for pick-up and shipping to dispensaries across the state. This movement of goods – facilitated by the Na
In its annual National Drug Threat Assessment report, the U.S. Drug Enforcement Administration (DEA) calls out hemp production as a way for drug trafficking organizations to cover up illicit cannabis operations. In its report, the DEA says a “significant number of hemp businesses and grow operations” are owned and operated by people illegally produ
A Michigan credit union just got penalized for working with cannabis businesses, despite the fact that this is a gray area for financial institutions. This is notable because it is thought to be the first time US regulators have publicly called out a financial institution for compliance issues connected to the cannabis industry. Original link
The US House just reintroduced the Secure and Fair Enforcement (SAFE) Banking Act, an act that if passed, would help the cannabis industry have access to financial services. Original link
More than a year into the legal recreational marijuana industry in Illinois, a glaring omission remains among minority-owned businesses. When Governor Pritzker and Springfield legislators pushed for recreational use of cannabis, they said they were doing so with an eye towards equity. Dispensaries opened statewide on Jan. 1, 2020. Yet, 15 months l
The study of workers ages 40 to 62 found that cannabis had no adverse impact on productivity and offers workers a new, effective form of pain management therapy. The slow unraveling of the many myths told about cannabis during decades of the War on Drugs continues. In the latest case, a new study has found that states where recreational marijuana i
The famed athlete is sponsored by Mendi, her sister's CBD company. It is true that many, many professional athletes are involved in social causes and charities. But few, like Colin Kaepernick, engage to a level that puts their own comfort and career at risk. One such person is Megan Rapinoe: Olympic gold medalist, two-time Women's World Cup champio
Fed-Ex and UPS are following suit after the PACT Act was passed by Congress. Late in December 2020, Congress gave the go-signal to an appropriations bill called the Preventing Online Sales of E-Cigarettes to Children Act (PACT), which prohibits the US Postal Service (UPS) from shipping both tobacco and cannabis vapor products. Original link
When this year started, I’d discussed when the United States was set to pursue the legalization of recreational cannabis. Cannabis use has ramped up in North American during the COVID-19 pandemic. Entrepreneurs and investors are scrambling to get in on the largest cannabis market on the planet. Today, I want to look at the best cannabis stocks to s
The Governor’s Office of Business and Economic Development has granted millions of dollars to fund cannabis equity grant programs. Throughout the past year, there has been much talk about how to make things more equitable for people of color and marginalized communities, and a big part of that is providing equity programs and expungements to the ca
A hemp farm in Australia is reportedly on the nose, with its odour causing problems for some local residents. The ABC reports some residents living close to a trial hemp crop in Red Cliffs, Victoria are reporting headaches resulting from the smell – but others say the smell doesn’t concern them. iHemp Victoria is the officially recognised trade as
