WeedLife News Network

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

In the US state of Massachusetts, protected farmland can now be utilised for growing cannabis.

Massachusetts’ Agricultural Preservation Restriction (APR) Program, established in the 1970’s, is a voluntary program that pays owners of farmland the difference between the “fair market value” and the “agricultural value” of their land in exchange for a permanent deed restriction protecting it for future agricultural use. This prevents it from being built on by development companies for non-agricultural purposes.

Landowners with at least five acres of land with suitable soils that have been in agricultural production for the last two years can apply for the program – and there are restrictions as to what can be grown on the land from the point of being accepted.

Many would argue 2020 has been the most stressful year in a generation.

Between a polarizing U.S. presidential election, a novel coronavirus pandemic claiming more than 268,000 lives from 13.6 million reported cases (as of November 30),, the fluctuating, unreliable data, and millions of people who may be stressing out due to ongoing isolation from their loved ones due to rolling lockdowns and social distancing measures, as well as rising unemployment with no end in sight, it is understandable for Americans to have a sense of heightened anxiety and insecurity.


Destigmatizing and legalizing cannabis are certainly positives for the industry, but it’s not just an increase in retail sales fueling the sector’s boom. Venture capital investors and businesses formerly agnostic (or even opposed to cannabis) now are pouring money into the industry, fueling much of the growth. With that, many long-term cannabis (and hemp) entrepreneurs are looking to parlay their experience and expertise in the field into profitable businesses.

Marijuana is big business. Millions of users spend billions of dollars on it every year. As it becomes legalized in more and more states — some 15 currently permit its personal purchase, possession, and use, with at least two more scheduled to join them this summer — those states will want a share of the revenue. (As of now, these are the 15 states where marijuana is legal.)

How much do they stand to realize? 24/7 Wall St. ranked all 50 states based on how much excise tax revenue they can potentially generate from legalized marijuana sales. 

The cannabis space has been less than diverse since its onset as an “industry.” Even behind the scenes, there aren’t too many minorities. During the Winter Emerge 2020 Virtual Cannabis Conference, one panel highlighting diverse voices in cannabis was “Multicultural Experiences in Technology Innovation,” moderated by Sohum J. Shah.

Shah is the founder and CEO of Durban Creative Media, a cannabis consultant, and the founder of the Cannabis Commodities Exchange. Other panelists included Solanje Burnett, Rob Tankson, Andy Singh, and Seibo Shen. 

Cannabis and education

When discussing the need for education about the actual effects and benefits of cannabis, Solanje Burnett was quick to add her insights.

There are two key things you should know about the cannabis industry, particularly in the U.S. First, it's still only in its early innings. Second, the potential market is huge. Those happen to be two characteristics that bode well for long-term investors.

Some cannabis companies are in especially strong positions to succeed -- and deliver great returns along the way. Here are three of the best marijuana stocks to buy in May.

In this article, we explore the advantages of investing in the cannabis industry and the precautions one must take.

We also take a look at the challenges investors may face, including how to market their cannabis-based product.

There are nearly 800 strains of cannabis available on the legal market, with more being cultivated all the time. On top of that, there are countless formulations of edibles, tinctures and other cannabis products.

Like the wine industry, cannabis is a complicated market for consumers. In the wine industry, sommeliers guide consumers into making choices based on region, vintage and other attributes. Cannabis is primed for a similar approach, but not nearly enough dispensaries are staffed with the sort of experts to provide it.

HempFlax saw its profits before tax skyrocket 616 per cent in 2020 to €659,000, as demand grew for its construction materials and CBD.

The EU’s biggest hemp grower, headquartered in Holland, saw full year revenues up 43 per cent to €14.5m in 2020, with EBITDA increasing 63 per cent to €1.8m.

The numbers were in part driven by a 1,089 per cent increase in sales of the group’s construction materials, arising from its May 2020 acquisition of Thermo Natur, a German manufacturer of nature fibre insulation.

The group also saw a 43 per cent increase in sales of CBD – a compound found in hemp that is legal for consumption, and often used for pain relief or relief from anxiety or depression.

The cannabis industry often provides projections on the billions that are made by the adult-use and medical market. There is, however, a projection that’s often left out of the conversation when it comes to legalized cannabis — the economics of the legacy market that came before it and bore the brunt of the casualties in the War on Drugs.

2 Marijuana Stocks To Watch As More Momentum Enters The Cannabis Sector

With marijuana stocks finally catching a wave of upward momentum investors want to know how long this will last. Now there is no way to be 100 percent certain how long this momentum will last. However with earnings soon to be reported by various cannabis companies some marijuana stocks may continue to rise. Shareholders have been waiting to see a rise in trading ever since mid-February when many cannabis stocks started to drop in the market.

Earlier this month, Mexico’s push to legalize recreational cannabis was halted after Senate Majority Leader Ricardo Monreal said that is attempting to extend the Supreme Court’s deadline to change the current law.

This development was not well received by the market as Mexico was on the verge of becoming the third country to legalize recreational cannabis. So far this year, we have seen a spike in the number of viewers that are closely following the Mexican cannabis market, and this is an opportunity that we have been bullish on.

Large-scale Canadian Licensed Producers (LPs) such as Canopy Growth Corporation (WEED.TO) (CGC) and Aurora Cannabis Inc. (ACB.TO) (ACB) claim to be levered the Mexican cannabis market and we will monitor how the industry advances from here.

The discovery in 1964 of 500 acres of cannabis growing wild along the banks of the Hunter River inspired a new generation of pot smokers in Australia. But the history of the crop is much older, dating back to the early 1800s, when Britain sent debtors and convicts to start the first hemp colony Down Under. From the November, 1995 issue of High Times comes an excerpt of The Emperor Wears No Clothes, by Jack Herer and John Jiggens, about the little-known history of hemp in Australia.

2020 is a year we’ll never forget. How could we? If 2020 was a story, then the COVID-19 pandemic would be the main antagonist. It upended everything, reorienting the economy, business operations, and our own livelihoods.

At times, marijuana stocks have the ability to be the best-performing stocks in the market. They can catch fire — no pun intended — on headlines or reports and scorch higher. During some of these runs, it’s not odd to see the stocks double or triple in value over a short period of time.

A high level of short interest also helps spark a nice move. In other words, bears put on a number bets to the downside, shorting these stocks as they look for a big move lower. Oftentimes, these bears get exactly what they’re looking for, as marijuana stocks tend to be a volatile bunch.

However, sometimes these bets backfire.

Here are three strategies for cannabis companies to avoid drawn out regulatory investigations and to decrease the risk of facing regulatory penalties. Those penalties could include significant fines, license suspension or, in a worst-case scenario, license revocation.

1. Develop an expertise in your company’s security measures

Often, what causes a cannabis company trouble are the “unknown unknowns” of the business operation or, another way to put it, the “blind spots.” While it is easy to observe strategic errors in a competitor, a company generally has trouble seeing its own until it’s too late, which can be costly. To counter this, get another set of eyes on the operation with an objective viewpoint.

Reliable security experts can:

The nation’s booming weed industry has a potency problem.

As more and more states legalize marijuana, companies are facing new pressure from lawmakers across the country — and Capitol Hill — to limit the strength of their products. It’s a level of scrutiny that comes with being allowed to operate in the open after decades in the shadows.

The steadily rising levels of THC — the component of marijuana that gets users high — is causing widespread concerns about the public health consequences. Even in pioneering states like Colorado and Washington, where recreational marijuana sales started in 2014, lawmakers are debating whether to put caps on THC potency.

When Illinois lawmakers approved recreational cannabis in 2019, they did so hoping that it would prove popular enough to generate taxes to help offset state debt and fund a variety of programs. So far, Illinois residents have come through for them in a big way.

Recreational cannabis has proven extremely popular in Illinois. Even with the pandemic resulting in lockdowns for many months in 2020, marijuana taxes raked in $174.8 million for the state.

I don’t blame any small business owner for scrutinizing expenses and pushing away salespeople touting their latest and greatest product. I’ve been there. My keep-your-hands-off-my-tiny-pile-of-cash approach saved me time initially, but I also missed opportunities where I could have spent money to make money and run my business more effectively.

Earlier this month, New Mexico Gov. Michelle Lujan Grisham signed legislation to legalize recreational marijuana in the state.

While advocates say it's a huge win, it could mean big losses for dispensaries in Colorado.

 

Since 2014, when recreational marijuana went on sale in the Centennial State, business has boomed for Colorado dispensary owners with more than $10 billion in marijuana sales and billions more reaped in tax revenue.

It has also been an economic boost for those in the tourism industry. People from around the country come to Colorado every year to consume cannabis products.