WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Marijuana Legalization trades taxes for social problems Image Cannabis NewsOctober 16, 2023 Legalized recreational marijuana in a number of states give Pennsylvania some test cases for what to consider in its own debates. A recent paper from the Federal Reserve Bank of Kansas City notes that the tradeoff of legalization might be: more economic grow
Bill to severely cut NYC Cannabis dispensary taxes still awaiting governor’s signature Image Cannabis NewsOctober 16, 2023 To great fanfare, New York State recently allowed cannabis operators to deduct business expenses on their state taxes. The move will likely save Empire State cannabis companies – already operating at a disadvantage due to marij
From high flying to burnout, Canada’s Cannabis industry faces downturn five years post-legalization Image Cannabis NewsOctober 13, 2023 When Abi Roach thinks about the 20 years she spent fighting for Canada to legalize cannabis, she says pot legislation is like a clenched fist. The analogy, which Roach first heard from a former Toronto councillor,
Wyoming advocates adamant on collecting signatures for Ballot Initiatives Image Cannabis NewsOctober 13, 2023 Advocates in Wyoming are looking to collect signatures once again to qualify two medical cannabis bills for the 2024 ballot. Wyoming advocates are more motivated than ever to get a medical cannabis bill on the 2024 ballot, especially becaus
Missouri gave one of few small-business marijuana licenses to a New Jersey company. Why? Image Cannabis NewsOctober 13, 2023 Missouri's Cannabis Equity Program Draws Scrutiny as Out-of-State Businesses Secure Licenses. One of the businesses awarded a license intended to help small and minority-owned businesses break into Missouri’s lucrative mariju
Cannabis Industry ‘Debanking’ Survey Launched Image Cannabis NewsOctober 12, 2023 A survey to understand the scale of UK cannabis industry banking challenges has been launched by the Cannabis Industry Council (CIC). This follows ongoing anecdotal concerns across the industry about accessibility issues for bank accounts and other financial services.
Safe daily limit of cannabidiol CBD cut by regulator Image Cannabis NewsOctober 12, 2023 UK food regulators have lowered the recommended safe daily dose of cannabidiol (CBD), a cannabis extract present in many different High Street products, including drinks and snacks. The Food Standards Agency says the advice is precautionary, following concerns
Massachusetts’s Suspended Cannabis Chair Drops Lawsuit Image Cannabis NewsOctober 10, 2023 The former chair of Massachusetts Cannabis Control Commission (CCC), who was suspended last month, has now dropped her legal challenge after a hearing was granted. Last week, Business of Cannabis reported that Shannon O’Brien was ‘suspended with pay’ by state
It's time to align Cannabis laws with reality in Arizona Image Cannabis NewsOctober 6, 2023 There are some important movements afoot to bring cannabis into the mainstream and make cannabis businesses easier to operate. First, the Department of Health and Human Service (HHS) has recommended to the Drug Enforcement Administration (DEA) that cannabis
Ohio could earn millions in tax revenue if Recreational Marijuana is legalized Image Cannabis NewsOctober 6, 2023 Ohio could take in $218 million in tax revenue if the state votes to legalize recreational marijuana this November, a new study shows. Passage of Issue 2 on Nov. 7 to legalize adult-use cannabis could generate $182 million to $218 milli
Florida Recreational Marijuana initiative goes to state Supreme Court Image Cannabis NewsOctober 5, 2023 Florida's Recreational Marijuana Ballot Measure Faces Legal Challenge. With more than a million valid signatures, a recreational marijuana legalization initiative seems poised to pop up on Florida’s 2024 ballot, but it has one last hurdle to cle
Is Cannabis Rescheduling a Solution? Image Cannabis NewsOctober 4, 2023 Experts Delve Into California Cannabis Retail Challenges At Benzinga Conference. “I think the taxation structure makes it extremely difficult to make money given the impact of that,” said Seth Yakatan, co-founder at Katan Associates, during a dynamic Benzinga Cannabis Capital C
Small Cannabis Businesses are at risk if SAFER banking bill passes Image Cannabis NewsOctober 2, 2023 Marijuana advocates fears that America's $26 billion legal cannabis industry is in danger of being consolidated 'into the hands of a few well-financed national players.' After some debate, last week the Senate Banking Committee voted to advance the
Thailand to reconsider Cannabis decriminalization amid thriving market Image Cannabis NewsOctober 2, 2023 Thailand's new government is reconsidering ending the ongoing decriminalization of cannabis almost two years after it became the first Asian country to do so. Prime Minister Srettha Thavisin has recently vowed to roll back 2022 cannabis legisla
Cannabis for Pain and PTSD Goes Up in Smoke Image Cannabis NewsOctober 2, 2023 “The favorable outcomes that patients report with these substances for both pain and PTSD currently are better explained by expectancy biases than by a treatment effect,” the researchers write. In a new article in JAMA Psychiatry, researchers review the evidence for cann
Georgia Department of Health reports discovery of inflated Cannabis patient number Image Cannabis NewsOctober 2, 2023 The state reported that while its data previously showed 50,000 patients and caregivers, now it estimates there are only 14,000. The Georgia Department of Public Health (DPH) announced on Sept. 27 that its previously recorded data r
