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

Sisters of the Valley compete in the Next Marijuana Millionaire Show

One episode per week, first episode drops on the G4+ free app today.

The very first episode of the Next Marijuana Millionaire airs today on G4+, a new streaming platform developed through a collaboration of the best tech and entertainment minds, an app that can be downloaded easily to an iPhone from the app store for free.  The series, which will be released starting today with one episode per week for ten weeks, is also free to watch and will soon also be available for other devices through the Google Playstore. 

Huckleberry Hill Farms on what’s at stake for legacy cannabis growers

Huckleberry Hill Farms has planted its legacy on the rich soil of the Emerald Triangle.

The second-generation run farm is owned by John Casali and his partner Rose Moberly. Casali carries on the work of his mother and her longtime growing expertise. Because of his family’s deep roots in this place, Casali centers the community in the Emerald Triangle above all else. The Huckleberry Hill team is one of the first tourism licensees in the Emerald Triangle, offering a unique grow tour experience for people who may want to see cannabis up close. Think, à la Weed Country with overnight glamping and farm animals, including two goats named Willie and Nelson.

Weed pop-ups are having a moment right now

 

Marijuana pop-ups are appearing in a variety of states, whether there’s legal marijuana or not. Here’s why.

If you live in a big city or somewhere where there have been revisions of cannabis laws, you’ve likely seen a marijuana pop-up store. These locations come in all shapes and sizes, whether that’s a truck or a stand, all tending towards bright green logos. After two years of the pandemic, marijuana pop-ups are reappearing with a vengeance, finding exciting ways to appeal to new customers.

Why is the world's largest cannabis market shooting itself in the foot?

Taxes in California are among the highest in the United States and that of course includes cannabis-related taxes, which are so exorbitant that they are hobbling what should rightly be the country's - make that the world's largest and potentially successful cannabis market. (Benzinga)

High taxes and onerous regulations are keeping unlicensed cultivators out of the legal market and contributing to illicit sales, which make up whopping three-quarters of all weed sales in California today, according to a new study done by Reason Foundation, Good Farmers Great Neighbors and Precision Advocacy.

States that legalized marijuana are bringing in more tax revenue on pot sales than alcohol

A majority of the states that legalized recreational marijuana for recreational use are collecting more tax revenue from pot sales than alcohol sales.

The first two states to legalize pot are profiting the most, Colorado and Washington. Across the country, the total revenue for taxes on weed amounted to nearly $3 billion, according to a report on “sin taxes” by The Institute on Taxation and Economic Policy (ITEP).

So far, 11 states have legalized the sale of recreational marijuana.

The states that have given recreational marijuana legalization the green-light are Colorado, Washington, California, Illinois, Michigan, Massachusetts, Oregon, Arizona, Nevada, Maine and Alaska.

Small cannabis entrepreneurs say they can't compete against ‘Walmart of weed'’

 

Many small cannabis entrepreneurs say large companies are jockeying to lock them out of the industry and have funding that gives them more access to lawmakers.

“Small businesses are the backbone of the country,” said Sarah Grant, general manager of The Dispensary in Richmond.

The shop opened last year and sells Delta-8-THC flower and vape cartridges. 

“It’s hard to compete if you’re going against the Walmart of weed,” Grant said. 

Grant said the lack of structure in the recreational cannabis market is stressful for smaller businesses and that her store could never compete with lobbyists from national cannabis corporations. 

Copperstate Farms introduces new cannabis brand Jukebox

Jukebox will replace the Copperstate cartridge line and expand the product suite to include cartridges, pre-rolls, edibles and pre-packed flower.

Moodedibles is bringing hemp-based bites directly to your neighborhood

If you’re looking for more than a sugar rush from a baked good, Holly Teegarden’s business might be your new favorite sweet spot.

She runs Moodedibles, an online bakery specializing in hemp-derived edibles that will soon be popping up around Pittsburgh.

Inside a small commissary kitchen in Sewickley, the treats are made with CBD, Delta-8 THC and other minor cannabinoids that reportedly offer therapeutic, non-intoxicating benefits.

By June, her food trailer will be showing up around town, dispensing information along with goodies. It is already booked for the second and fourth Saturdays at the Terminal in the Strip District.

Teegarden says she’s not in the business of getting people messed up.

How much did New Jerseyans spend on first day of cannabis sales? Yes, there was enough weed for everyone

Last week New Jersey kicked off long-awaited recreational cannabis sales.

On the first day of sales, April 21, over 12,000 customers spent nearly $2 million for cannabis, according to NJ's Cannabis Regulatory Commission (CRC). (Benzinga)

Some worried about the availability of cannabis for both the recreational and medical markets, but there was plenty to go around. The MMJ supply remained strong, with 64,000 ounces of products sold to patients and their caregivers over the past month.

'Copycat' cannabis edibles draw ire of big food companies

Packaging that mirrors major brands called 'unscrupulous' and potentially dangerous for children. 

At first glance, there is little indication the snack-size bag of Trix is meant to get a user stoned. Every detail of the packaging has been copied from General Mills' cereal, and the company's logo even adorns the corner.

But the cannabis edible recently pulled from the market was a "copycat" product with a combined 1,000 milligrams of THC, the main intoxicating compound in marijuana. (A standard dose is 10 mg.)

The Consumer Brands Association and several major food companies, including Minnesota-based General Mills and Post Consumer Brands, are urging Congress to crack down on the practice.

Investments in hemp industry highlighted at summit

The 2022 Pennsylvania Hemp Summit ran Tuesday and Wednesday in Lancaster, featuring nearly 100 hemp growers and entrepreneurs.

Industrial hemp is grown for fiber and seed. It is a different variety of the plant that produces marijuana and became regulated with marijuana in the 1950s and 1960s. Industrial hemp must maintain a concentration of the psychoactive chemical tetrahydrocannabinol below the 0.3 percent legal threshold.

“Industrial hemp is an economic driver delivering innovative approaches to everyday challenges,” Agriculture Secretary Russell Redding said, opening the trade show.

Hemp eggs: Kreider Farms introduces An egg-centric idea

 

 

The concept made its first trip through a Kreider Farms brainstorming session about six years ago. Hemp products were only an exciting idea then. Not yet a legal possibility.

Eggs were a natural starting point for Kreider, which was already producing a wide range of organic and brown options. That led to a question.

“Why not throw some hemp in there, see if we can get some elevated omegas and some elevated nutrients?” said Khalee Kreider, the company’s marketing manager. “It seemed like it would fit into what we already had going on.”

A seismic shift came two years later. The 2018 Farm Bill authorized the production of hemp and removed hemp and hemp seeds from the Drug Enforcement Administration’s list of controlled substances.

Nearly $1.9 million in cannabis, related products sold in NJ on 1st day of legal sales

The Garden State raked in the green during the state’s first day of recreational marijuana sales.

More than 12,000 people headed to dispensaries and bought nearly $1.9 million worth of cannabis and cannabis products, according to the New Jersey Cannabis Regulatory Commission. In the days since sales started on Thursday, lines have been steady at dispensaries.

“We expected sales to be substantial and the data shows that the market is effectively serving both adult-use consumers and patients,” Jeff Brown, executive director of the NJ-CRC, said. “We continue to monitor inventory and access for patients and are prepared to take enforcement action against any ATC that does not meet the requirements for patient access and supply.”

Newly licensed Western New York marijuana growers anxious to be on forefront of state's cannabis market

 

 

Kerry Trammel and Michael Yager are excited to be at the forefront of New York's recreational cannabis industry.

But they're also nervous, since the market hasn't been established yet and they're not sure exactly what to expect. 

Trammel, owner of The Releaf Market in Jamestown, and Yager, one of the owners of Yager Farms in Eden, are among the 52 growers granted the first licenses to cultivate adult-use recreational marijuana in the state.

Wheatfield Gardens in Wheatfield is the other local business that was awarded a license from the state Office of Cannabis Management.

Report: IL marijuana sales fall short of projections

Illinois could have realized an additional $600 million in revenue from recreational marijuana sales, according to an analysis by the Illinois Policy Institute.

The group said it found a complicated tax system and restrictive licensing has cut into the state's revenue stream. In 2021, Illinois took in $317 million from cannabis taxes despite the demand for the product due to the pandemic.

Illinois lawmakers had projected in 2019 that revenue could produce $440 million to $676 million in annual tax revenue. The number of dispensary licenses has also been a problem.

Arizona collects more cannabis than liquor taxes, poll finds one-third Americans prefer weed over booze

In March, Arizona generated more tax revenue from legal marijuana than from tobacco and alcohol, reported Marijuana Moment. (Article Originally Appeared on: Benzinga)

The state receives Marijuana Tax revenues from three different sources: 1) the 16% Recreational Marijuana Excise Tax; 2) Sales Tax applied to Recreational Marijuana purchases; and 3) Sales Tax applied to Medical Marijuana purchases.

The state collected $11.9 million in dedicated marijuana excise taxes in March and $94.3 million in fiscal years to date.

Billings lowers minimum age to own or work for marijuana businesses to 18

 

On Monday night, the Billings City Council brought its marijuana laws in line with state marijuana laws and lowered the age a person can work for or own a marijuana business from 21 to 18.

The city has the right to establish an age requirement for marijuana business license holders and their employees, but voted 8-3 to lower the minimum age to 18.

The 21-year-old age requirement prompted the Billings dispensary, Montana Advanced Caregivers, to file a lawsuit against the city earlier this month. The dispensary employs three people who are older than 18, but not yet 21.

NY weighs giving pizza joints, other eateries OK to sell cannabis-infused food

This could give new meaning to Big Apple pizza joints.

New York State officials are weighing whether to allow pizzerias and other eateries to sell fresh cannabis-infused grub and packaged pot edibles, The Post has learned.

Aaron Ghitelman, a spokesman for the state Office of Cannabis Management, confirmed there have been discussions about awarding such licenses to food preparers — raising the possibility of offerings such as pesto pot pizza or pepperoni with sweet weed sauce.

However, “the regulations regarding infused food products have not been released yet,” Ghitelman stressed.

Curaleaf expands product offerings with launch of BlueKudu chocolates in Florida

BlueKudu's artisanal infused chocolates will be available at all 45 Curaleaf locations statewide

Curaleaf Holdings, Inc. (CSE: CURA /OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer products in cannabis, today announced the launch of BlueKudu infused chocolates at all 45 Curaleaf locations in Florida. Acquired by Curaleaf in 2020, BlueKudu was founded in Colorado as one of the state's original and most experienced edible manufacturers known for utilizing culinary experts to create artisanal cannabis products. The expansion marks BlueKudu's first launch outside of Colorado and Curaleaf's entrance into Florida's infused chocolate category.

New York's marijuana rollout inches along as New Jersey starts sales

 

Regulators' plan for a cannabis market that benefits communities that suffered from criminalization is taking longer to set up

Moke Mokotoff, the 72-year-old behind a Columbia County hemp farm newly licensed to grow marijuana for recreational use this summer, is hurriedly preparing to cultivate for New York's first legal recreational sales next winter, even as dispensaries in neighboring New Jersey prepare to make their first adult-use cannabis sales on Thursday. 


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