WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Since the beginning of the year, the poor performance of the Canadian marijuana sector has foiled many investors' expectations. In the face of constant oversupply, inventory writedowns, and shrinking margins, cannabis companies have had no choice but to convert stock to cash in order to make up for their operating losses. Original link
With some in Seychelles being known for indulging in recreational cannabis use, its continued prohibition is government’s way of saying: do as I say, not do as I do. With New Zealand’s referendum on the legalization of marijuana fast looming, former Prime Minister Helen Clark has become quite vocal on the topic saying she wants the referendum to pa
In December 2019, the U.S. Environmental Protection Agency (EPA) released a list of pesticides approved for use in hemp cultivation. This was the first federal guidance on what products could be used to treat hemp after it was legalized in 2018. “Under the Trump Administration, the EPA is committed to providing much-needed certainty to farmers and
If you were wondering: No, the marijuana industry hasn't lost its allure. Although the Horizons Marijuana Life Sciences ETF fell 36% in the past year, some pot stocks have reported impressive sales. With national elections on the horizon and marijuana legalization initiatives on the ballot in few U.S. states, investors are optimistic about the indu
Cannabis companies are learning that to survive the pandemic, bigger isn’t necessarily better. Specialized operations and a narrow geographic footprint are buoying marijuana providers such as Trulieve Cannabis Corp. at a time when the broader industry is struggling with falling demand and capital constraints. That’s a shift from a few years ago, wh
The state of New York will not submit a state hemp plan to the U.S. Original link
For the past century, America has been in a fierce debate regarding the legal status of marijuana. And while individuals on both sides of the issue are passionate about their positions regarding the morality and safety of cannabis, those against legalization have largely had their way— until very recently. Original link
You can now buy weed out of a vending machine at certain dispensaries in Colorado, America's oldest market for recreational cannabis.A startup called Anna -- a play on the word "analytics" -- has begun deploying high-tech, self-checkout cannabis kiosks at select dispensaries in the state.The machines can hold more than 2,000 products that include c
With the legalization of hemp at the federal level with the passage of the 2018 Farm Bill, it wasn’t long before a new industry based on the increasing popularity of cannabidiol began to take root across the country. But the growth of that industry is at risk in Indiana and Texas, where bans on hemp flower threaten the livelihoods of farmers and sm
Though Texas lawmakers legalized the production and sale of hemp in its last legislative session, the state has now created a framework that essentially bans the sale of “smokable” products. Edible goods, tinctures and topicals remain okay under the new program. But farmers and cannabis activists alike have voiced concern that lawmakers violated th
There has never been a more crucial time to automate your cannabis operation. With the COVID-19 crisis settling in for the long haul, businesses are starting to think about how to increase efficiency and profit, while operating a facility safely and comfortably for workers and managers. As the cannabis sector becomes more competitive, the margins g
How Will This Big Issue Affect Pot Stocks As we’ve seen in 2020, the demand for marijuana has shot up dramatically. For anyone who watches the cannabis industry, they know that this demand rise is due solely to Covid-19. But, with so much marijuana demand one would think that the cannabis industry is headed in the right direction. And for the most
The cannabis start-up is a place where dreams are born. A place where exuberance pulses through the bloodstream, fueling visions of world domination. It’s a place where the new and the old, the novice and the experienced, the tried and the true have all taken their shot. And most of them have failed. Many others are waiting for the right moment whe
Let’s talk about pain and cannabis. No, I’m not talking about medical efficacy, although that’s well proven. I’m referring to the great pains that come with regulatory compliance. There are so many bureaucratic hoops for a business to jump through, it borders on ridiculous. Original link
As automation continues to change the way we get our cannabis, the future of this booming industry is growing even more exciting. Due to COVID-19, social distancing is crucial. That’s why so many people prefer contactless options, particularly for items like groceries or take out. Why can’t we do the same with cannabis? Exciting new developments i
After nearly a year of next-to-no deal-making, cannabis companies are gearing up for mergers and acquisitions as realistic stock valuations and the prospect of U.S. legalization attract buyers to a sector that has been decimated by oversupply and other issues, executives and investors say. Profitable cannabis companies want to buy their way into ni
