WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
The cannabis industry can be a complex marketplace for business owners. With so many regulations and concerns about compliance, managing and marketing one’s business can seem like an overwhelming task. Original link
Colorado’s hemp industry is undergoing a market correction, with decreased production following an oversupply in recent years, The Grand Junction Daily Sentinel reports. “There’s hundreds of thousands if not millions of pounds of hemp flower that has not sold from last year. We created a huge, huge oversupply and you’ll have that in agriculture,” W
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) reported first-quarter fiscal 2021 net revenue increased 22% to $110 million. Original link
But first, we need to do these 5 things. Billions of dollars are sitting at the doorstep of Capitol Hill, begging to participate in the economy. But with some wise moves by the Federal government and regulatory agencies, cannabis-generated revenue could be a significant answer to our financial crisis stemming from the pandemic. For proof, look at
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) stock fell over 13% to lately trade at $6.03 after the company reported a net loss for the second quarter of $107 million versus last year’s earnings of $185 million for the same time period. The loss of $0.31 cents per share was worse than the FactSet estimate for a loss of $0.07 per share. Original lin
s legal cannabis markets continue to expand rapidly across the globe, Canada is uniquely positioned to develop international safety guidelines for the emerging industry. On Tuesday, safety science consultant firm UL said it has teamed up with the Standards Council of Canada to host a workshop to address the safety, security and sustainability of th
Arkansas-based beer distributor Premium Brands of Northwest Arkansas is adding a hemp beverage to its lineup. Original link
Banking institutions and accountants offering services to cannabis businesses would have a safe harbor in California law under one of the weed-related bills awaiting state lawmakers’ action when they return to Sacramento this week. One measure (A.B. 1525) says financial services, including public accounting firms, don’t commit a crime under any Cal
If you think the stock market has gone for a wild ride over the past five months, take a closer look at how marijuana stocks have performed over the past couple of years. Through the first quarter of 2019, investors could have thrown a dart while blindfolded at a list of publicly traded pot stocks and had a good shot at landing a triple-digit retur
New Factors Could Help to Push The Cannabis Industry Forward Original link
The state recorded $365 million in sales in 2019, the first full year, and that number is estimated to grow to $950 million by 2025. So what’s the problem? Original link
Hemp legalization has solidified that products containing cannabidiol (CBD) aren’t going away. Last February, Stephen Hahn, Commissioner of the Food and Drug Administration (FDA), acknowledged that it was “a fool's game” to attempt to pull hemp-derived CBD products off the market. Original link
How This Summer Could Continue to Push the Boundaries of Pot Stock Growth Original link
The first (legal) industrial hemp crop to be planted in the U.S. state of Louisiana in modern times is being severely impacted by a fungal disease. What was one the USA’s hemp holdout states finally jumped on the nation’s industrial hemp revival bandwagon in June last year when Louisiana Governor John Bel Edwards signed off on legislation recognisi
This first successful export of hemp seed from Australia to New Zealand recently occurred under new legislation removing some roadblocks to Australia’s hemp and medicinal cannabis sectors. There wasn’t any further detail on the nature of the export – for example if it was hulled seed, raw seed for food purposes or seed for planting – or the company
