WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.

The Caribbean island of Barbados is a beautiful place. Home to less than 300,000 people, the island nation is a well-known tourist destination. It is not as known for its stock market.

For many years Barbados’ largest industry was agriculture, although that has evolved in recent decades with tourism taking over as the driving economic force in Barbados.

Manufacturing and mining are large industries in Barbados, as are financial services. Agriculture is still a dominant industry, but less-so compared to previous decades.

Gen Z and Millennials are typically a marketer’s worst nightmare, especially those working within the cannabis sector. Not only are these the hardest-to-reach generations, but they also love to hang out on social media platforms such as Instagram and TikTok, just two of many platforms that ban paid cannabis advertising. Yet, marketers cannot take Gen-Z and Millennials lightly since, combined, they account for 38% of legal cannabis consumers.

The Michigan Marijuana Market could be the key to overcoming barriers to participation in the booming cannabis economy.

January has been a watershed month for cannabis in the state of Michigan, as the Michigan Marijuana Regulatory Agency announced sixteen proposed changes to the state’s cannabis laws and regulations. Aimed at improving access to capital for people of color seeking to break into the cannabis market, this initiative also seeks to address other hurdles commonly faced by minorities in the marijuana industry.

The University of Florida Institute of Food and Agricultural Sciences (UF/IFAS) announced its partnership with Roseville Farms to implement an industrial hemp program.

The program, which is led by Brian Pearson, an assistant professor of crop management at the UF/IFAS Mid-Florida Research and Education Center, "provides a science-based evaluation of industrial hemp varieties," the organization states in a news release.

While South Dakota is still stalled when it comes to making legal cannabis a reality within state borders, the state is already working on legislation that allows banks to decide whether or not to do business with the legal cannabis and hemp industry. 

On Monday, New York Gov. Andrew Cuomo announced that the New York State Department of Health's (NYSDOH) Cannabinoid Hemp Program opened licensing applications.

In Oct. 2020, the state released regulations for all products containing cannabidiol (CBD) and other hemp-derived cannabinoids for human consumption. Some of these products include food, beverages and dietary supplements. 

As the inspiration from the first female Vice President grows, women are motivated to empower themselves and do even more amazing things than ever before. In celebration of this historic event, The National Cannabis Industry Association and the Women’s Inclusion Network by Arcview jointly released a set of five cannabis-related white papers that outlines the different challenges women executives face in the cannabis industry. 

It can be argued that the high taxes are well-intentioned, signaling support for an inclusive cannabis market.

Due to ongoing federal prohibition, America’s cannabis regulations remain fragmented by state. Until reform occurs, states will continue to set their program frameworks, including how it taxes the supply chain, with consumers feeling the brunt directly by taxes or indirectly by retailers up-charging to offset costs.

Here’s a numbers game for you. Guess how many acres of hemp the entire CBD business world needs to supply its product to America? Are you sitting down? You might want to pour an entire tincture bottle under your tongue to prepare to hear this.

Here’s a hint: Charlotte’s Web—the No. 1 brand in the hemp CBD business—reported almost $95 million in revenues in 2019. If you assume 1,500 mg CBD per tincture bottle, how many acres of hemp does the company need to grow?

During the crazy boom planting year of 2019, Charlotte’s Web reportedly grew 862 acres. Did it need that much?

If you recall, about 1 month ago we covered the upcoming vape product shipping ban that was snuck onto page 5,136 of last year’s COVID relief bill. At the time, there was still a lot of confusion about what shipping companies would be included and when these new measures would take place. Now we have some more updates and can offer additional clarity about what exactly is going on.

The medical marijuana market in Florida created nearly 15,000 new jobs in 2020 and employs an estimated 31,444 state residents, according to a new analysis.

Florida recorded nearly $1.23 billion in marijuana sales in 2020, according to the report posted by Leafly and Whitney Economics. Florida’s sales were more than every state except California and Colorado, where marijuana is legal for adults.

Missouri’s Administrative Hearing Commission has awarded two applicants licenses to start growing medical marijuana, more than a year after state officials initially rejected their requests.

The commission on Tuesday awarded Heya Kirksville and Heya Excello cultivation licenses, according to orders issued by Commissioner Sreenivasa Rao Dandamudi.

The judgment is a blow to the state, which limited the number of available marijuana business licenses and denied hundreds of medical marijuana business applications, only to be met with a wave of challenges at the Administrative Hearing Commission.

Over the last 11 months, the cannabis industry has begun marketing directly towards a new demographic: moms. Plagued with the stress of parenting during a pandemic, working from home, and a shared sense of community upheaval, many mothers have turned to cannabis for the first time — or so the story goes. 

On Monday, New Jersey’s Democratic Governor Phil Murphy signed legislation that legalizes adult-use marijuana possession and licenses retail marijuana sales.

As co-founders of beam, a three-year-old direct-to-consumer CBD wellness brand, we’ve learned that our initial hunch was right: There were plenty of highly active people like us, looking for high-quality remedies that would help us perform our best. People want a clean, all-natural product that works. So when our customers asked us to make a hydration product that can be used every day, we took a familiar approach: sweat the details, listen to feedback and stay true to the mission. 

Here’s what we’ve learned in the process of launching elevate, our first-ever functional hydration line.

With nearly 21,000 people working in marijuana dispensaries or affiliated businesses, Arizona ranks No. 4 nationally for jobs in the cannabis industry, according to a report released Tuesday by Leafly.

The report was based on employment in 2020, before Arizona launched adult-use marijuana sales in January, so those figures are sure to rise as dispensaries around the state ramp up to meet the new demand from sales to any adult over age 21, not just medical-marijuana patients.

Arizona had more than $1 billion in medical-marijuana sales last year, with about 5,600 new jobs created just last year, according to estimates in the report.

Former TV news anchor Dan Rather has referred to certain political races in the past as hotter than "a Times Square Rolex," "the devil's anvil," and "a Laredo parking lot." His folksy descriptions could just as readily apply to the U.S. cannabis market. No matter how you look at it, pot is hot.

The state of California placed medical marijuana workers in Phase 1A of the vaccination plan, which means they would have access to the vaccine before teachers.

Leave it to Nature has been open since the start of the pandemic, serving people who use marijuana as a form of medicine.

“Us being deemed essential from the start essentially is keeping us working,” Gary Vanderburg said, the manager of Leave it to Nature. “We do help a lot of patients here for medicinal reasons.”

By now most people are aware that Illinois passed sweeping legislation in 2019, which decriminalized cannabis for recreational use.

Yes, you read that right. We have another form of THC to explore – meet Delta 10 THC, a new cannabinoid with a short but interesting history.

Delta 10 THC is one of the hundreds of cannabinoids found in cannabis. But unlike some of the bigger names like CBD, Delta 9 THC, CBGCBN and Delta-8 THC, Delta 10 is not a naturally occurring plant compound, although it does start off that way.