WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
The origin story for Mothers Mary, an online community of mothers who consume cannabis, begins on Facebook.
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.
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.
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.
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.
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.
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.
Over the last 11 months, the cannabis industry has begun marketing directly towards a new demographic: moms. Plagued with the stress of parenting during a pandemic, working from home, and a shared sense of community upheaval, many mothers have turned to cannabis for the first time — or so the story goes.
With nearly 21,000 people working in marijuana dispensaries or affiliated businesses, Arizona ranks No. 4 nationally for jobs in the cannabis industry, according to a report released Tuesday by Leafly.
The report was based on employment in 2020, before Arizona launched adult-use marijuana sales in January, so those figures are sure to rise as dispensaries around the state ramp up to meet the new demand from sales to any adult over age 21, not just medical-marijuana patients.
Arizona had more than $1 billion in medical-marijuana sales last year, with about 5,600 new jobs created just last year, according to estimates in the report.
Former TV news anchor Dan Rather has referred to certain political races in the past as hotter than "a Times Square Rolex," "the devil's anvil," and "a Laredo parking lot." His folksy descriptions could just as readily apply to the U.S. cannabis market. No matter how you look at it, pot is hot.
As is typical of most entrepreneurs, I like to think that I am responsible for my success. Entrepreneurs do work very hard, and some are talented enough (and lucky enough) to become successful.
The number of cannabis industry jobs in Michigan is growing faster than any other state with legal marijuana, according to a new jobs report released on Tuesday. Michigan has surpassed Oregon and now places sixth on the list of the most cannabis jobs by state, as documented by the report from cannabis education resource and marketplace Leafly.
Don't look now, but marijuana stocks are blazing hot, once again.
Pot stocks have been on fire since the beginning of November, which follows a roughly 19-month lull (April 2019 to October 2020) where they grossly underperformed. For instance, the ETFMG Alternative Harvest ETF, which holds stakes in dozens of direct and ancillary pot players, is up 129% since the end of October.
If you're wondering what changed, look no further than the political makeup in the United States.
A bill that would allow future marijuana shops and hemp businesses to use South Dakota banks will move forward to the House floor after a unanimous vote of approval by the House Commerce & Energy Committee.
House Bill 1203 lays proactive groundwork for banks and their subsidiaries to work with any person that acquires an industrial hemp or marijuana license, pending legalization at the state level.
Without a bill of this kind, those involved in the cannabis industries would only be able to carry out business transactions in cash, because marijuana is considered an illegal business at the federal level.
Over a year after the passage of Barbados’ Medicinal Cannabis Industry Act, the Caribbean island nation officially opened for business last month, January 2021.
The launch of the sector in the midst of the COVID-19 pandemic comes at an ideal time. The local Barbados economy, as well as the wider regional Caribbean economy have long been dependent on tourism for its ‘bread and butter’. As a result, they are being hammered, and facing an economic crisis of major proportion.
Barbados Economy
The national debt of Barbados is now around US $6.35 billion. The International Monetary Fund, (IMF) noted that the prolonged COVID-19 pandemic continues to have a major impact on Barbados’ economy.
There is so much promise for the cannabis industry, but so much zigging and zagging in search of sustainable profitability.
From the minute that Joe Biden took the oath of office, a new leader perceived to be a cannabis industry supporter, the cannabis industry has seemed ripe for an investor explosion. There has been money on the sidelines waiting for this sort of green light. Now it’s signaling “go.”
