WeedLife News Network

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

Hopefully, in time, these cities will reevaluate the deleterious effects these ordinances have on sales taxes and consumer choice.

Arizonans knew zoning issues could cause headaches for dispensary owners. However, what was unanticipated are the new bans by some of the Arizona cities for recreational marijuana establishments.

Shortly after the passage of Proposition 207, otherwise known as the Smart and Safe Arizona Act (the “Act”), several Arizona cities moved to ban recreational marijuana sales, unless the dispensary is a “dual licensee”. A dual licensee means an establishment that is licensed both as a medical marijuana establishment and an adult use (or recreational) establishment.

It’s fascinating how people choose their cannabis products, especially terpenes and flower.

It wasn’t that long ago when the only option was cannabis flower via a local unregulated dealer, and likely only one or two options were available at that.

The “I will take what I can get” strains were the most popular because, well, that was all that was available.

Zoom forward to today, and cannabis is legally available in several markets for medical and/or adult-use purposes, and the options are staggering.

Are These Cannabis Stocks On Your March Watchlist?

On February 23rd the entire stock market was down. This presented a good chance to find top marijuana stocks to buy at lower prices. Moments like this can be a good opportunity for investors as prices start to dip. Now just because you buy the dip does not always mean that a particular cannabis stock will immediately recover. Sometimes it may take a bit to see some momentum pick back up.

A handful of small, young Australian firms are taking a chance on Europe in spite of the region's diverse markets, hopeful that a capital-light investment strategy will diminish their risks.

Europe could be a hard market to crack as regulations vary by country, but favourable rulings for medical marijuana and potential demand are promising factors. The companies reckon that establishing an early base there and working with European partners will help them better negotiate different markets and steal a march on larger North American rivals.

Cann Group and MGC Pharmaceuticals are among many firms that have pushed into Europe, recently signing partnerships to distribute medical marijuana products and also exploring a dual-listing in the region.

Cultivation, one of humanity’s oldest crafts, is undergoing radical transformation. And it has cannabis grows to thank for it.  

The roots of farming go back more than 12,000 years as hunter-gatherers established agrarian communities to centralize food production, sharing the work and harvest.

Naturally, these early societies recognized that certain crops grew in abundance in certain climates and cultivated those crops that allowed their civilizations to thrive. 

With trade, commodity crops grown in one area became highly prized and profitable elsewhere – from the Far East spice trade to finding fresh papaya in a New York City bodega.  

The cannabis industry can’t follow this simple, ancient calculus. 

The German medical cannabis market that has evolved since 2017 when the law formally changed to mandate that public health insurance cover medical cannabis, is a very different beast than any that have come before it. Starting with the fact that on the medical side, those who grow and distribute as well as dispense the plant and medicines derived from it, must be certified at a high, formal, federal, level before they can become part of the pharmaceutical supply chain.

People often categorize particular talents or behaviors as "right-brain" or "left-brain" thinking. Individuals who are right-brained lead with intuition and creativity. People often describe them as free thinkers. On the other hand, left-brained people are thought to be more quantitative, analytical—the data heads. 

While there's some truth to where certain brain functions lie, scientists also know that reasoning and creativity are not mutually exclusive. As a person who has spent the last three decades in advertising, branding, entertainment, and the digital landscape, you might assume I lead with the right side of my brain. But creativity is often inspired by hard data rather than gut feelings. 

Cannabis is not the only industry that can act as a microcosm of the world but it may be the most prominent. Cannabis is still federally illegal so there are many areas in which people can be turned away from participating due to previous arrests for cannabis.

During the Fall Emerge 2020 Virtual Cannabis Conference & Expo, Minorities for Medical Marijuana (M4MM) Founder and CEO Roz McCarthy led a panel discussion with industry-leading advocacy organizations. Together, they addressed the myriad concerns surrounding social equity within the cannabis industry.  

As the cannabis industry enters what is shaping up to be its biggest year of growth, understanding the competitive landscape is more important than ever. For many industry operators, that means taking a more in-depth look at some of the critical factors to success, such as market saturation, category popularity, and pricing. 

Pricing is arguably the most critical driver of a company's profitability and can be a differentiator among cannabis brands. Is your product premium, and if so, does your price convey that? How do your prices compare to the competition? Is there an ideal price point to reach the greatest number of customers? These are the kinds of questions leading brands to ask themselves when determining their pricing strategy. 

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.