WeedLife News Network
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Ohio chain of Medical Marijuana dispensaries owes more than $19M in defaulted loans and lawsuit alleges Image Cannabis NewsJuly 19, 2023 A medical marijuana operator headquartered in Florida has sued an Ohio cultivator and chain of dispensaries over what it alleges is more than $19 million in defaulted loans. Trulieve, through its subsidiary Harves
Long line of customers greets Western New York's first Licensed Marijuana dispensary Image Cannabis NewsJuly 19, 2023 OJ Barker bought a House of Sacci ball cap, Empire cannabis gummies, Pound Town pre-rolled joints and cannabis flower on Tuesday. That purchase made history. The Buffalo resident was the first person to buy recreational marijuana fr
The best uses for the Hemp Plant Image Cannabis NewsJuly 19, 2023 Hemp is one of the most diverse crops in the world. Here are six ways to take advantage of the plant. For the most part, mainstream markets today are completely missing out on the benefits of the versatile hemp plant, from its tiny seeds up to its hardy stalks. Hemp is an excellent c
North American Cannabis consumers decreased spending in Q2 Image Cannabis NewsJuly 19, 2023 Springbig released its Q2 data report highlighting key cannabis market statistics across the United States and Canada. (Benzinga) Quarterly sales data in North America revealed general retail and consumer behavior trends throughout the continent. The average
NY State Senator urges aggressive action on unlicensed Cannabis Shops Image Cannabis NewsJuly 19, 2023 New York State Senator Brad Hoylman-Sigal urged the Office of Cannabis Management to take action on unlicensed dispensaries. A New York state senator wrote a letter to the state’s Office of Cannabis Management, urging leadership to engage in “aggr
For would-be Pot retailers, the lottery was the easy part Image Cannabis NewsJuly 18, 2023 Martin Rasheed was surprised to learn he was among those chosen in a lottery with more than 2,200 other applicants for one of 36 new licenses to open marijuana stores in the Chicago area. “I’m excited and I’m grateful. I never thought I’d be in this position,
Celebrity power meets moderate consumption Image Cannabis NewsJuly 18, 2023 As the cannabis industry continues to grow, both in terms of legalization and consumer interest, the dynamics of cannabis branding and consumption are undergoing fascinating transformations. (Benzinga) From the rise of celebrity-backed marijuana brands to the influence of m
Despite flood losses, Cannabis industry is ineligible for federal aid Image Cannabis NewsJuly 18, 2023 Industry associations are working to assess losses up and down the supply chain to help them make their case to state legislators for additional aid. After floods devastated Montpelier and much of the state last week, Lauren Andrews, owner of Capi
Curaleaf, citing slow rollout of Cannabis sector, lays off 49 at Winslow production facility Image Cannabis NewsJuly 18, 2023 Largest cannabis firm in US says demand in NJ is high, but limited number of dispensaries (just 35) means supply needed to fulfill market is lower than was anticipated. Curaleaf, the leading grower and seller of cannabis in
Philip Morris acquiring Cannabis inhaler developer for up to $650 million Image Cannabis NewsJuly 18, 2023 The Israeli company’s main product is a metered-dose inhaler for pain reduction treatment using medical cannabis. Philip Morris, the international tobacco giant, is acquiring the Israeli company Syqe Medical in a deal that could reach $650 mil
Marijuana sales since February reach nearly $600 million Image Cannabis NewsJuly 17, 2023 Missouri’s marijuana industry is making a major milestone Friday as pot sales in the state continue to smash records. Adult-use recreational sales got the green light back in February. Since then, the Show-Me state has sold an average of $4 million of legal ca
Recreational Marijuana legalization would boost Florida's tax revenue by up to $431.3M per year Image Cannabis NewsJuly 17, 2023 Support for the legalization of recreational marijuana in Florida is gaining steam ahead of potential placement on the state ballot, which experts say could lead to more local and state tax revenue. The ballot initiative,
California lagging behind with Dispensary Openings Image Cannabis NewsJuly 17, 2023 State-level regulations are preventing the California cannabis industry from flourishing. Since 2020, over 50 Californian states have implemented regulation to enable retail sales of adult use cannabis, however, Hirsh Jain at Ananda Strategy has highlighted that onl
Greenlane announces expansion of Groove Line Image Cannabis NewsJuly 17, 2023 Greenlane Holdings, one of the largest global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced the launch of the Cara+ portable concentrate device by house brand Groove. Greenlane launched the Groove
Unlicensed Cannabis shops reopen for business in defiance of state crackdown Image Cannabis NewsJuly 17, 2023 At Empire Cannabis Clubs in Chelsea, an unlicensed cannabis dispensary, law enforcement agents on Wednesday made their way inside the store, seized product and handcuffed one of its owners. During a simultaneous raid at the store’s Lower Ea
Canopy Growth shares plunge after debt reduction plan announced Image Cannabis NewsJuly 17, 2023 Shares of Canopy Growth Corp, fell more than 30 percent after it announced it has signed deals with its secured and unsecured lenders to reduce its debt, but will issue 90.4 million shares plus new convertible debt to do so. Shares in the cannabis compa
