WeedLife News Network

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

Arizona Cannabis Company makes it onto the ‘Inc. 5000’ List

An Arizona marijuana company has been ranked #1660 on the Inc. 5000 list, a list of the fastest-growing private companies in America.

Established in 2016, Copperstate Farms is a vertically integrated cannabis operator headquartered in Phoenix, Arizona, and has grown its team to more than 700 employees.

The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

Why Marijuana Billboards are so common along Michigan's roadways

Kyran Adams' face has been recognized by plenty of strangers this summer.

For Father’s Day, his wife and brother bought ads on three digital billboards to recognize him: One in Texas, where he lives, in New Mexico, where he’s near, and in his native Michigan.

“You’re famous, you’re on a billboard,” said Adams, who retired about a year ago after a quarter century as a military photographer.

His wife had problems at first finding available billboards in Texas and Michigan.

The Cannabis Industry has a waste problem and the solutions could change Packaging norms beyond Marijuana

The cannabis industry and its fans have a reputation for being earth lovers, but despite its green image, legal marijuana has a massive waste problem.

However the industry’s unique passion for the environment may motivate cannabis businesses to inspire changes in packaging norms well beyond the dispensary.

Visit almost any dispensary, like the Star Buds in Louisville, and you’ll end up standing in front of a massive assortment of multicolored containers.

Edibles, joints, flower, vapes and concentrates, all sold in uniquely designed packaging made of all sorts of materials.

California Passes Bill Protecting Employees’ Off-Duty Marijuana Use

California employers may soon be barred from discharging employees or refusing to hire individuals based on their off-duty use of marijuana, under a new bill headed to the governor’s desk.

On August 30, 2022, the California legislature passed Assembly Bill (AB) 2188, which would prohibit employers from discriminating against “a person in hiring, termination, or any term or condition of employment” based on “the person’s use of cannabis off the job and away from the workplace.”

Cannabis Startups should have the same Opportunities as other Businesses

It's time to align federal law with state actions on cannabis by legalizing and decriminalizing marijuana sales, use and possession.

When veterans Wanda James and Scott Durrah of Denver wanted to start their business, they couldn't go to the Small Business Administration to apply for a loan.

That's because they are in the cannabis industry, and cannabis entrepreneurs are locked out of traditional sources of capital, including capital from the government, such as SBA loans, because, under federal law, marijuana is still illegal.

Cannabis Public Policy Consulting forms partnership with California Cannabis Authority

SACRAMENTO - Cannabis Public Policy Consulting (CPPC) and California Cannabis Authority (CCA) have launched a partnership to bring expert consulting, the most advanced data analytics, and the most comprehensive and current datasets to cannabis regulation in California.

CPPC is the only independent consultancy in cannabis-focused exclusively on data-informed development and implementation of legalization policies that are designed to create safe, equitable, and efficient markets that promote economic opportunities and protect public health and safety.

Marijuana Industry moves to become more Sustainable

Cannabis in America is estimated to be worth anywhere $28 billion in 2021 to roughly $197 billion currently as more states and the federal government are expected to legalize marijuana.

However, the cannabis industry is often associated with a negative environmental impact.

Indoor cannabis grows tend to consume a lot of energy because of their heating and cooling needs; cannabis plants require a lot of water, and they often emit aromatic compounds. The cannabis industry has also been criticized for generating a lot of waste, including plastic and paper consumer packaging as well as electronic waste from vapes.

Even so, the sector is still keen on becoming more sustainable.

This is how much Tax New York State places on Marijuana sales

Let's be honest; the real reason New York State legalized adult-use recreational cannabis is due to the potential tax revenue it will produce.

Although marijuana was decriminalized, the state fast-tracked approval of the legalization of marijuana after COVID-19 wreaked havoc on the budget. So much money was provided for COVID-19 relief and to protect residents, that the state had few options to recoup the money. Then those in power realized that cannabis (and online sports betting) were the answer. Vices usually are, lol. People spend a lot of money on things like gambling, alcohol, tobacco, sex, drugs, and marijuana.

Governor of Bermuda update on Cannabis Licensing Bill

Governor statement, 6 September, on Bermuda Cannabis Licensing Bill 2022.

I previously announced that I had reserved the Cannabis Licensing Bill 2022 for the signification of Her Majesty’s pleasure under Section 35 (2) of The Bermuda Constitution.

I have now received an instruction, issued to me on Her Majesty’s behalf, not to Assent to the Bill as drafted.

The Secretary of State for Foreign, Commonwealth and Development Affairs concluded that the Bill, as currently drafted, is not consistent with obligations held by the UK and Bermuda under the 1961 Single Convention on Narcotic Drugs and the 1971 Convention on Psychotropic Substances.

Cannabis News Week: sales figures, new state protections

Meanwhile, the District of Columbia unleashed its Cannabis Task Force on the city Tuesday to scrutinize the adult-use industry in the city.

The road cannabis legalization has taken in the U.S. has been circuitous to say the least, and with each new piece of state-sponsored legislation, the confusing framework is shown to be even more ridiculous. 

Take California, for example. 

Last week, Gov. Gavin Newsom signed Assembly Bill 1954 into law, which would prohibit a physician and surgeon from denying treatment or medication to a qualified patient based solely on a positive drug screen for THC.

Hemp and Cannabis: the future of Farming

The first Bachelor of Science in Agribusiness: Horticulture and Cannabis degree is now offered at SEMO after many student requests and thanks to Professor of Agriculture, Horticulture, and Cannabis Sven Svenson’s dedication to research.

Hemp is a major crop in the United States, and the industry is growing at an exponential rate. Svenson brought the opportunity to the students at SEMO to explore the benefits of this plant.

Hemp is a type of cannabis plant with less than 0.3% THC-content – the psychoactive component of marijuana – and is used for fiber, food, fuel, and medical purposes. Cannabis is a tall, leafy plant that has serrated leaves and glandular hairs.

Cannabis legalisation will cost Big Pharma billions

Cannabis legislation is threatening to reduce pharmaceutical stock value by billions of dollars as more people are predicted to opt for weed over opioids

What would be the impact of making cannabis legal? According to research, it turns out that the legalisation of cannabis would reduce conventional pharmaceutical sales by billions of dollars.

Researchers from California Polytechnic State University and The University of New Mexico published their findings “U.S. Cannabis Laws Projected to Cost Generic and Brand Pharmaceutical Firms Billions,” in PLOS One.

Local dispensaries hesitate to apply for Medical Marijuana Licenses

HUNTSVILLE - While some dispensary businesses are eager to put in an application for a medical marijuana license, others are not. With heavy financial regulations, some CBD businesses are taking a second thought at providing the alternative.

With the possibility of paying $40,000 in annual fees regulated by the Alabama Medical Cannabis Commission (AMCC) to keep up with a license to sell medical marijuana, some CBD dispensaries are a little hesitant to fill out an application.

“We’re a little reluctant to jump on just due to the $2,500 application fee that’s non-refundable whether you get the license or not and then the license fee and the annual renewal fees as well,” said Jason Rodgers, a budtender at The Green Lady CBD Dispensary.

Charlottetown craft micro producer and Atlantic Canada Clothing Brand team up to introduce new CBD oil

Charlottetown-based Retro Cannabis & Hemp Extracts, a craft micro producer, has partnered with the region’s largest clothing brand to launch East Coast Lifestyle CBD Oil.

Now available in select Maritime provinces and the Yukon, the oil is made with organic extra virgin olive oil and using and boasts a clean extracted formulation, notes a statement from the Retro.

The company’s “state-of-the-art supercritical carbon dioxide extraction process provided by Advanced Extraction Systems (AES),” a sister company also located in Charlottetown, helps to keep products clean.

“All systems meet and exceed safety and design requirements for all pressure and electrical codes for Canada, the United States and Europe,” notes the AES website.

Quirks of Cannabis tax formula mean Heavy burden for Nevada Cultivators as Prices drop

In Reno cultivator Sarah Rosenfeld’s recent experience, the top dollar a pound of marijuana bud or flower might fetch at wholesale prices is about $1,800 to $2,000, and that’s if it’s packaged and has a high concentration of the active ingredient THC.

Something in bulk with less potency might be closer to $900.

Vermonters prepare for Retail Cannabis Shops to open this Fall

The Cannabis Control Board will be reviewing its first retail applications next week

SHELDON - The Lanza Family has been focused on growing a lot of green crops on their parcel of land, tucked away in Sheldon, Vermont.

"We've been growing hemp here going on three years now, going on four. Now we're also licensed for adult use cannabis," Jane Lanza said.

Jane and Ben Lanza, who own the Family Tree Cannabis Co. and Family Tree Hemp Co., are thrilled to have received their cannabis manufacturing license from Vermont's Cannabis Control Board just in time to get their products ready to sell in retail stores when they begin to open this fall.

Documentary film Crew visits Pennsylvania Hemp Farms

AVONDALE - A band of Tennessee filmmakers passed through Pennsylvania this week, visiting hemp farms and interviewing farmers for a documentary film series about industrial hemp called “One Plant.”

“A lot of the people that we’re trying to talk to are right here in Pennsylvania,” said filmmaker Jordan Berger, co-owner of the film company Sunflower.

The first stop the crew made was at Cedar Meadow Farm in Holtwood, Lancaster County, where cover crop coach Steve Groff has been growing hemp since 2019.

“We talked a lot about regenerative agriculture...and how hemp works into all of that,” Berger said of his interview with Groff.

This Hemp Dealer is fighting The State over ‘Fundamental Fairness’

The case raises questions about the extent to which government officials can make new laws with little public notice, then shut down businesses not in compliance.

October, Mark White came to Hawaii with the dream of setting up a business under a new state law allowing people to sell products derived from hemp, such as cannabis oil.

Nine months later, the rules on hemp were changed, White’s business, Pinky’s Hempire, was shut down by state officials, and his inventory was seized by state health officials and turned over to police.

“It crushed me,” White said of the June 24 raid by Department of Health officials. “It crushed me and my family.”

How to Have a Weed-Fueled adventure in Phoenix, Arizona

The cannabis scene in Arizona is poppin’.

There may not be the flash of Las Vegas dispensaries, but there’s unique destinations like the cannabis consumption-friendly Clarendon Hotel and a Scottsdale-Tempe location of Sunday Goods dispensaries that offers complimentary kombucha, cold brew, and drive-thru service.

Phoenix event producer Cloth + Flame throws beautiful gourmet cannabis dinners in the desert, The state is booming in itself—multiple Arizona cities and towns are among the fastest growing in the nation.

Government to source hemp seeds from Canada

The Fijian Government has discussed with Canada the opportunities in industrial hemp.

While highlighting the Economic Benefits of the direct Nadi/Vancouver flight in parliament, Minister for Economy Aiyaz Sayed-Khaiyum says the United Nations informed them that Canada has some of the best industrial hemp seeds.

Sayed-Khaiyum says industrial hemp is a lucrative and largely untapped resource in the global economy due to misconceptions about what it really is.

“Industrial hemp is obviously quite different to normal marijuana that you smoke with the THC levels that are higher than 1 percent and they were quite keen to assist us in respect of helping us getting industrial hemp seeds.”