WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
The big news in the cannabis industry this year is that New York has legalized marijuana for recreational use, making it the 15th state to do so. It likely won't be until sometime next year that recreational sales commence, but for investors, it's not too early to start thinking about which companies will capitalize on what's sure to be the next ho
For cannabis extraction companies, becoming more efficient and more productive goes hand in hand with expansion and scaling up. Marijuana extraction firms looking to cut costs and boost efficiencies can do so in several ways, including: Adding automated solutions to extraction equipment.Sourcing high-quality starting material.Designing the facility
Real estate is one of the more difficult aspects of the cannabis industry. Securing a license is tough but getting your location is even tougher. Each state has different regulations and restrictions, which combined with unique real estate markets makes finding and securing property essential. It’s an expensive endeavor and one in which traditional
California’s licensed marijuana shops are doing an excellent job at preventing sales to minors, according to a first-of-its-kind study commissioned by the Insurance Institute for Highway Safety. That means the industry is living up to a key promise advocates made when voters legalized cannabis for adults 21 and older nearly five years ago. “License
A California dispensary is calling attention to the environmental impact of cannabis packaging waste with a campaign that encourages customers to help recycle some of the industry’s plastic into diesel fuel. And to thank the company’s clientele for its support, customers who bring in plastic packaging from cannabis products into Airfield Supply Co.
Legal marijuana is coming to New York and hemp farmer Samir Mahadin sees it as a potential lifeline. Farmers dealing with depressed prices for plants that produce CBD are eager to take part in a statewide marijuana market expected to generate billions of dollars a year once retail sales start. They already know how to grow and process cannabis plan
This month just might be the best time in a long time to buy cannabis stocks. Why? Much of the initial excitement about the increased prospects of significant U.S. cannabis reform has waned. With the Biden administration focused on other priorities, some investors could even be despairing that anything will be done. However, changes that would bene
When Aram Limsakul’s son and daughter came down with dengue fever two years ago, he gave the children, then aged five and four, a vaporiser to inhale the smoke from his own home-grown marijuana. Within a few days, “their fever reduced, they stopped vomiting and ate for the first time in days”, he said. Original link
When it comes to small business opportunities these days, few phrases give people the old dollar-sign-eyes more than “legal cannabis”. From states like Michigan where it’s been approved for both medicinal and adult use, to places like South Carolina where legalization has been a popular topic for ballots and voters, cannabis is slowly turning into
The term “carbon footprint” has been used alongside phrases such as global warming, climate change, melting ice caps, rising sea levels and endangered species for some time now. What would be surprising to many people is to hear the term associated with a remedy as natural as the cannabis plant. However, with legalization rapidly spreading across t
New Zealand medical cannabis company Puro has kicked off the harvest of its crop, which it claims to be the largest in the country to date. Planted in December last year, tens of thousands of plants have been grown on the 10-hectare site in Kēkerengū, on the Kaikōura coast of NZ’s South Island (Te Waipounamu). Cultivated under organic protocols, ha
Since the U.S. Food and Drug Administration lifted the ban on growing industrial hemp in 2018, companies developing sustainable products can look forward to a future supply of hemp fiber and oil. The plant material works in numerous industrial applications, including paper making, textiles, bioplastic packaging, flooring, and even a form of concret
The CBD market has always been a tough place to succeed. And companies experienced yet more hurdles in 2020, as a pandemic and an assortment of lawsuits gripped the industry. In the face of such strong headwinds, it seems like it’ll also be hard for CBD businesses to grow in 2021. But it won’t be impossible. Despite obvious difficulties, the indust
Today, Canada's cannabis companies are the only ones that trade on U.S. exchanges, but their businesses have struggled amid rampant oversupply. While U.S. cannabis companies are performing much better financially than their Canadian counterparts, their business is still illegal at the federal level, leading to all sorts of tax and cost burdens. Per
An Irish start-up has just raised $5.3 million (€4.5 million) in financing to provide loans to farmers in Ireland and across the world to encourage them to grow hemp for use in cannabidiol (CBD) products. Co Meath-based Greenheart CBD, which was founded by Paul Walsh and Mark Canavan two years ago, uses drones and artificial intelligence to help ma
Cash-strapped governments around the country have found a silver lining in the pandemic-caused loss of tax revenue. Legalized marijuana has provided millions to state and local governments - in some cases, millions more than anticipated. The ability to raise tax dollars has been a selling point for marijuana legalization from the beginning. Long be