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

From $3k to $15k: the remarkable journey of ASX Cannabis Stock

From $3k to $15k: the remarkable journey of ASX Cannabis Stock

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Cannabis NewsJuly 5, 2023

Investing in the cannabis industry has been a rollercoaster ride for many, but ASX cannabis stocks, including Incannex (ASX: IHL), have showcased remarkable growth potential in recent years. Incannex, a biopharmaceutical company specializing in cannabis-based therapies, has seen its stock surge from

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CBD promises health benefits without the Buzz

CBD promises health benefits without the Buzz

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Cannabis NewsJuly 5, 2023

Since Ohio legalized CBD in 2019, there has been a significant decrease in farming and producing medical hemp but an increase in the quality of CBD products and distribution. CBD – cannabidiol – is derived from medical hemp, which is a cannabis sativa plant with less than 0.3% THC – the compound

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Oklahoma Medical Cannabis firms file suit to block fee increases

Oklahoma Medical Cannabis firms file suit to block fee increases

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Cannabis NewsJuly 5, 2023

A group of Oklahoma cannabis advocates has challenged new higher fees assessed on the state’s medical marijuana providers. An Oklahoma cannabis activist has joined forces with three of the state’s medical marijuana providers to file a lawsuit against increased regulatory fees that went into effect

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Scientists identify viroid-resistant Purple Cannabis Strain

Scientists identify viroid-resistant Purple Cannabis Strain

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Cannabis NewsJuly 5, 2023

A strain of cannabis appears to be resistant to HLVd, and turns purple as it fights the viroid. While humans battle COVID, cannabis plants face an equally devastating threat: Hop latent viroid (HLVd), a viroid that occurs worldwide in hops, but in recent years jumped to cannabis, destroying THC

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Zelensky urges Ukraine’s parliament to legalize Medical Cannabis

Zelensky urges Ukraine’s parliament to legalize Medical Cannabis

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Cannabis NewsJuly 5, 2023

Ukraine's President Volodymyr Zelensky calls MPs to speed the process to legalize medical cannabis amid the war against Russia’s invasion. In a speech in front of the Verkhovna Rada, the unicameral Parliament of Ukraine, on the occasion of Constitution Day on June 28, Zelensky stressed the need to

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Ohio has plenty of Medical Pot but not enough buyers

Ohio has plenty of Medical Pot but not enough buyers

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Cannabis NewsJuly 5, 2023

Ohio has plenty of medical marijuana but not enough people buying it. Levels of marijuana flower ready for sale as well as bulk flower held by suppliers — bulk material could be sold as flower or processed into other products — have each about doubled in the year between June 2022 and June 2023

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What does ‘Plan B’ mean for the German Cannabis industry?

What does ‘Plan B’ mean for the German Cannabis industry?

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Cannabis NewsJuly 4, 2023

The International Cannabis Business Conference (ICBC) Berlin 2023 returned to the Estrel Berlin Hotel last week, welcoming thousands of guests, speakers and exhibitors. Coming just weeks after the German government announced a major shift in its plans to launch a commercial cannabis market, the

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12-story ‘Hempcrete’ hotel will be the world’s highest building made with Cannabis

12-story ‘Hempcrete’ hotel will be the world’s highest building made with Cannabis

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Cannabis NewsJuly 4, 2023

The Hemp Hotel, scheduled to open in Cape Town, South Africa, is being touted as the world’s tallest building made with industrial hemp — a material with great potential for Earth-conscious construction. At 12 stories tall, the 54-room hotel features views of Cape Town’s massive Table Mountain and a

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DeSantis launches anti-Marijuana crusade

DeSantis launches anti-Marijuana crusade

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Cannabis NewsJuly 4, 2023

The pot prohibitionists may be losing the wider war, but they haven’t given up launching quixotic battles. Florida Governor Ron DeSantis (R), an ultra-conservative culture warrior and 2024 Republican presidential candidate, recently made moves that stunned marijuana advocates and health

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Petition filed in Oklahoma calling for end to higher Cannabis fees

Petition filed in Oklahoma calling for end to higher Cannabis fees

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Cannabis NewsJuly 4, 2023

A number of cannabis organisations have launched a petition calling for the state’s Supreme Court to repeal House Bill 2179 which implemented a tiered licensing system for growers and processors. The law came into effect on June 1. Oaklahomans for Responsible Cannabis Action, along with three

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Cannabis and the second amendment: a word of warning

Cannabis and the second amendment: a word of warning

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Cannabis NewsJuly 4, 2023

Cannabis users, friends, please stop compromising your freedom by advertising your guns on social media. The ATF released clarification on May 30 to firearm owners after the passage of cannabis legalization in Minnesota, reminding them that until federal law changes, they no longer have a right to

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Skittles settles with Cannabis Company over trademark

Skittles settles with Cannabis Company over trademark

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Cannabis NewsJuly 4, 2023

Wrigley, the maker of multi-coloured fruit-flavoured Skittles candies, has settled a lawsuit accusing a seller of cannabis-related merchandise of trademark infringement for marketing products under the "ZKITTLEZ" name. Under a proposed permanent injunction filed on Monday in Chicago federal court

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What will Baltimore do with millions in Cannabis reparation funds?

What will Baltimore do with millions in Cannabis reparation funds?

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Cannabis NewsJuly 3, 2023

What will Baltimore spend cannabis community reinvestment funds on? We won’t know until 2024. Our nonprofit news organization is made possible by subscribers and donors who value storytelling that impacts and uplifts communities. Thank you for supporting our journalism. The first Marylanders to hand

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How to grow your own in CT: Home Cannabis cultivation now legal

How to grow your own in CT: Home Cannabis cultivation now legal

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Cannabis NewsJuly 3, 2023

Beginning July 1, any Connecticut resident 21 and older has the right to have three mature, and three immature, cannabis plants growing in their home at any given time. As many households have two adults, 12 plants is the most allowed per home. People who have never grown their own might want to do

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Mira Pharmaceuticals files for $16M IPO

Mira Pharmaceuticals files for $16M IPO

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Cannabis NewsJuly 3, 2023

Mira Pharmaceuticals, a pre-clinical cannabis pharmaceuticals developer, has filed to list its common shares on NASDAQ. On Thursday (June 29), Mira filed to raise $16.4m in an IPO to fund the development of its lead drug candidate MIRA1a. According to the Baltimore-based company, this is a ‘new

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NY's Marijuana Businesses secure $150M private investment for social equity fund

NY's Marijuana Businesses secure $150M private investment for social equity fund

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Cannabis NewsJuly 3, 2023

A long-planned fund to help disadvantaged people start legal marijuana businesses in New York is finally nearing its ambitious money-raising goal. NEW YORK - A long-planned fund to help disadvantaged people start legal cannabis businesses in New York is finally nearing its ambitious money-raising

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Pot companies are in trouble. Survival tips here!

Pot companies are in trouble. Survival tips here!

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Cannabis NewsJuly 3, 2023

Hurry up and wait The list of challenges that cannabis companies face is daunting, from deadlocked policy to slumping prices for marijuana. That has hit share values of publicly traded cannabis companies, and it’s safe to say much of the earlier optimism around the industry has faded to frustration

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NJ’s retail Cannabis worker apprenticeship program now accepting apps

NJ’s retail Cannabis worker apprenticeship program now accepting apps

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Cannabis NewsJune 30, 2023

Applications are now being accepted for a first-of-its-kind apprenticeship program dedicated to recruiting and developing a skilled workforce for the legalized cannabis industry. Designed to provide hands-on training and education for individuals looking to begin a retail career in the emerging

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Cannabis industry leaders ask state to pause new licenses

Cannabis industry leaders ask state to pause new licenses

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Cannabis NewsJune 30, 2023

ALBUQUERQUE - It’s been more than a year since recreational marijuana became legal in New Mexico. Since then, more than 1,000 dispensaries have been licensed by the state. However, some industry leaders say that is too many. This week, nearly 100 dispensaries, producers, and private citizens signed

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California to implement ‘Death Penalty’ tax rule

California to implement ‘Death Penalty’ tax rule

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Cannabis NewsJune 30, 2023

Cannabis license holders in Santa Barbara County must pay quarterly taxes or risk losing their licenses. Santa Barbara County officials are stepping up rules to get cannabis businesses to be current on their tax payments. On June 27, the Santa Barbara County Board of Supervisors approved harsher

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