WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Canadian Hemp Acreage and Export Value Up More Than 20%
Business & Finance
According to the Canadian Hemp Trade Alliance, Canada’s hemp acreage and export value are both up more than 20% this year. “The Canadian hemp industry continues to grow in 2020 despite the challenges posed by COVID-19,” CHTA board chairman Keith Jones said in a statement after the group’s annual meeting, held online this year. “Canada seeded some 9
Global Easing On Cannabis Could Jumpstart Markets
Business & Finance
The United Nations has voted to remove cannabis from its classification as a dangerous drug. This week the U.N. Commission on Narcotic Drugs voted to remove cannabis and cannabis resin from a category of the world’s most dangerous drugs. This decision could potentially jumpstart the global medical marijuana industry. Many cannabis companies have ey
Scaling a Commercial Cannabis Grow Operation
Business & Finance
We know what you’re thinking: isn’t an article about “cannabis scalability” a bit premature? After all, we’re talking about an industry that’s still federally illegal. How could businesses plan for the future when marijuana laws are in constant flux?  True, scalability is trickier in the cannabis sector, but that doesn’t mean business owners should
USDA Expands Multi-Peril Crop Insurance For Hemp Producers
Business & Finance
The U.S. Department of Agriculture (USDA) Risk Management Agency (RMA) has announced an expansion of the pilot Multi-Peril Crop Insurance (MPCI) plan for hemp that will take effect in the 2021 crop year. MCPI is the most common form of the federal crop insurance programme in the USA that insures against crop yield losses from all natural perils suc
Hemp Entrepreneurship Webinar for Small and Minority-Owned Companies
Business & Finance
On Tuesday, Dec. 8, from 1-2 p.m. CST, the Minority Cannabis Business Association (MCBA), along with the U.S. Hemp Roundtable (USHR), will host a free webinar, “Cultivating Entrepreneurship in the Hemp Industry: A Complimentary Webinar for Small and Minority-Owned Companies.” The webinar is designed to provide essential information for small and sm
Zimbabwe $1.25 Billion Plan Sees Cannabis as Biggest Cash Crop
Business & Finance
Zimbabwe sees export earnings from cannabis outstripping those of tobacco by almost three times after last year legalizing the cultivation of the plant for medicinal use. Original link
Here's The Cannabis Packaging We All Deserve
Business & Finance
(image: Cresco Labs) As the industry standards continue to be defined, this is the packaging every weed company should focus on. It may come as a shock to you, but most people don't know much about cannabis. A Science Daily study about THC levels in edibles found that most consumers aged 16—30 could not identify if an edible had low or high THC lev
GrowGeneration Emerges as Best Cannabis Stock of 2020
Business & Finance
(image: Inside a GrowGeneration hydroponic garden center. Source: GrowGeneration) GrowGeneration Corp., the largest hydroponic garden-center chain in North America, is on a tear worthy of its name. The gardening supply company has gained over 700% so far this year, making it the best-performing cannabis stock of 2020 amid a sector-wide rally on hop
Aurora Cannabis (TSX:ACB) Signs Largest Marijuana Supply Deal in Israel
Business & Finance
Marijuana firm Aurora Cannabis (TSX:ACB)(NYSE:ACB) has entered into one of the biggest medical cannabis supply deals by a Canadian pot grower with an Israeli firm to-date. This comes after the Canadian marijuana firm announced its two-year supply agreement with Cantek, a leading cannabis market player in Israel. Aurora Cannabis said it “intends” to
Marijuana Retailers Ready To Sue Over Delivery Rules
Business & Finance
Commissioners seem ready to close out a bumpy policy-setting process next week with a vote to adopt new regulations that would reshape the legal marijuana industry to include a home delivery aspect, but that decision could give way to a legal challenge in short order. Through an attorney, some existing marijuana retailers recently threatened to sue
Mexico’s Cannabis Legalization Bill Will Boost Business, But There Are Concerns
Business & Finance
If passed, the measure will improve Mexico’s living conditions while reducing drug trafficking crime. However, cannabis advocates and legal experts have several concerns. Mexican Senators approved a historic adult use cannabis legalization bill on Nov. 19, with an 82 to 18 vote. This doesn’t legalize adult use just yet, but Mexico appears well on i
Inside Britain’s biggest legal cannabis farm and why business is booming for CBD producers
Business & Finance
The luscious green plants stretch as far as the eye can see. Row after row, lovingly tended in a glasshouse that’s roughly the same size as 34 football pitches. Thought to be one of the UK’s largest glasshouses, the 45-acre glasshouse in Wissington, Norfolk, sits in an area known for the growing of crops, vegetables and fruit, from peas and beans t
Future Legal Cannabis States Can Learn from California's Mistakes
Business & Finance
Legal cannabis continues to become a new reality in states throughout the U.S., giving lawmakers the unique challenge of installing a regulatory system on newly established marijuana markets.  California is largely seen as the leader of the cannabis industry (both legal and illegal) due to the state industry’s size, experience, and innovative spiri
Green Wednesday Could Produce Record Sales
Business & Finance
The day before Thanksgiving has a bit of a sordid history. Back in 2007, the day was coined ‘Drinksgiving’ or ‘Blackout Wednesday’ by college students flocking back home to be with family for the holidays. Unfortunately, it is also a horrifically common night for drunk driving accidents, surpassing New Year’s Eve by a longshot. Original link
COVID Not Expected To Hurt Holiday Cannabis Sales
Business & Finance
‘Tis the season for America’s favorite foodie holiday, and whether turkey, tofurkey, or none of the above are on the menu, this is sure to be a Thanksgiving like no other. With Covid-19 spikes turning the U.S. map red and growing concerns about the capacity of states to handle an even higher coronavirus positivity rate if citizens choose to gather,
Cannabis Legalization: Tax Implications for New Jersey
Business & Finance
In the Nov. 3 election, voters in New Jersey voted to legalize cannabis for recreational and/or medical use. As the marijuana industry continues to grow generating jobs and profits in New Jersey, CPAs have been asked to provide their services to businesses that cater to the ever-growing industry–but this is uncharted territory. Original link

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