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

Industrial Hemp Market worth $18.1 billion by 2027 - Exclusive Report

Industrial Hemp Market worth $18.1 billion by 2027 - Exclusive Report

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Cannabis NewsNovember 18, 2022

CHICAGO - The Industrial Hemp Market size is estimated to be valued at USD 6.8 billion in 2022 and is projected to reach USD 18.1 billion by 2027, recording a CAGR of 21.6% in terms of value according to a new report by MarketsandMarkets™. The increased usage of hemp seeds in a wide range of food

Marijuana Politics Marijuana Business News

Hemp store owner glad delta-8 regulations coming to Kentucky

Hemp store owner glad delta-8 regulations coming to Kentucky

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Cannabis NewsNovember 18, 2022

LOUISVILLE - Small business owners who sell hemp products received good news this week from Gov. Andy Beshear; through an executive order, he’s mandating the sale and packaging of delta-8. Dee Dee Taylor is the owner of 502 Hemp and Wellness Center, who is one of the people celebrating the action by

Marijuana Business News Cannabis Jobs

Curaleaf chairman: Cannabis should emulate tobacco oligopoly

Curaleaf chairman: Cannabis should emulate tobacco oligopoly

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Cannabis NewsNovember 17, 2022

The modern marijuana industry is headed toward massive consolidation that will eventually feature just a handful of companies atop a global supply chain, predicted Curaleaf Executive Chairman Boris Jordan during an appearance at an investor forum this week. Jordan, speaking during Cannavest at

Marijuana Business News

Medical Marijuana sales surpass 40,000 pounds

Medical Marijuana sales surpass 40,000 pounds

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Cannabis NewsNovember 17, 2022

Among the states 38 dispensaries, eligible Arkansans spent $23.4 million on medical marijuana in October to obtain 4,588 pounds. A monthly breakdown of sales, provided by the Arkansas Department of Finance and Administration, shows Plant Family Therapeutics of Mountain Home having sold 185.55 pounds

Marijuana Business News

Veterans investing in medical marijuana industry, some because of personal experience in other states

Veterans investing in medical marijuana industry, some because of personal experience in other states

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Cannabis NewsNovember 17, 2022

JACKSON - Medical marijuana is expected to be available to Mississippians in a matter of months now. Three veterans we spoke with believe in the positive impact enough so that they’re investing in the industry. We spoke with Dr. Fred Kency. “I served four years in the United States Navy,” said Kency

Marijuana Business News Cannabis Jobs

Huntington Beach consider allowing Marijuana dispensaries

Huntington Beach consider allowing Marijuana dispensaries

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Cannabis NewsNovember 16, 2022

Huntington Beach could soon be opening the doors to the cannabis industry. During Tuesday's city council meeting members voted on whether to lift the city's current ban on recreational marijuana dispensaries and other cannabis businesses. If this moves forward, it would make Huntington Beach only

Marijuana Business News

Intellectual property and Cannabis - where do we stand?

Intellectual property and Cannabis - where do we stand?

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Cannabis NewsNovember 16, 2022

The state of intellectual property is in flux within the cannabis industry. On the eve of MJBizCon, below is a brief inventory of where the law stands on cannabis-related issues for branding and technology. Branding Federal trademark registrations remain unavailable to conventional cannabis

Marijuana Business News Cannabis Jobs

Tax Credits available for investing in Connecticut Cannabis companies

Tax Credits available for investing in Connecticut Cannabis companies

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Cannabis NewsNovember 16, 2022

The Cannabis Angel Tax Credit Program (the “Program”) was established by law (Section 113(14) of Public Act 21-1) to provide Qualified Connecticut Businesses (aka approved social equity licensees) with the ability to receive investments from accredited investors. These accredited investors are

Marijuana Business News

Liberate Weed market to get it under control

Liberate Weed market to get it under control

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Cannabis NewsNovember 16, 2022

In Minnesota, we have a chance to create a regulated market that works for us. “While we have one of the most limited medical cannabis markets in the country, Minnesota overall currently has the most liberal access to cannabis products in the United States.” Despite everything we don't know about

Marijuana Business News Cannabis Jobs

Hero technologies receives license and permit approval to establish Cannabis operations

Hero technologies receives license and permit approval to establish Cannabis operations

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Cannabis NewsNovember 15, 2022

DOVER - Hero Technologies, a cannabis company focused on a "seed-to-sale" vertical integration strategy, today announced that, subject to certain minimal conditions, it has received license and permit approval from Vassar Township, Michigan, to build a local cannabis growing facility. The company

Marijuana Politics Marijuana Business News

Does consuming Cannabis boost creativity?

Does consuming Cannabis boost creativity?

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Cannabis NewsNovember 15, 2022

Does consuming cannabis boost creativity? We conducted two studies, which we carefully designed to test your question, and found similar results across both of the studies. We found that using cannabis makes you more jovial. It puts you in a better mood, and that joviality increases the degree to

Marijuana Business News Cannabis Jobs

What the Election Results Mean for Cannabis REITs

What the Election Results Mean for Cannabis REITs

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Cannabis NewsNovember 15, 2022

With neither the Democratic nor the Republican party close to the 60-vote threshold in the Senate required to advance difficult legislation, federal reform regarding cannabis will likely be on hold for a while. However, with two more states -- Maryland and Missouri -- adopting recreational marijuana

Marijuana Business News

Cannabis startup launches its Medicinal capsules named 'Calmasule'

Cannabis startup launches its Medicinal capsules named 'Calmasule'

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Cannabis NewsNovember 15, 2022

Delhi-based cannabis wellness startup Awshad has announced the launch of their new prescription product - a cannabis medicinal capsule line branded as ‘Calmasule’. The objective behind this roll-out of the new product line of Awshad is to help people experience the healing qualities of cannabis in

Medical Cannabis News Marijuana Business News

Casey O’Neill receives Mendocino Cannabis advocacy award!

Casey O’Neill receives Mendocino Cannabis advocacy award!

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Cannabis NewsNovember 14, 2022

Casey O’Neill is a cannabis and food farmer in Mendocino County who has been writing newsletters about his efforts to provide sustainable produce and marijuana. Change does not come easy. Last night, along with advocates Jude Thilman and Hannah Nelson, I received a Mendocino Cannabis Advocacy Award

Recreational Marijuana News Marijuana Business News

North Brunswick approves its first Marijuana Dispensary

North Brunswick approves its first Marijuana Dispensary

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Cannabis NewsNovember 14, 2022

NORTH BRUNSWICK – The township's first medical marijuana dispensary will be opening on Route 1. Garden State Botanicals' proposal to convert a 2,400-square-foot space at a shopping center at 1345-1471 Route 1 southbound was approved by the township's Zoning Board of Adjustment last month. The

Cannabis Technology News Marijuana Business News

Michigan cannabis chain giving away over 1700 turkeys

Michigan cannabis chain giving away over 1700 turkeys

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Cannabis NewsNovember 14, 2022

DETROIT - A Michigan cannabis chain is providing over a thousand free turkeys this Thanksgiving to families in need. "It's that feeling that you get, knowing that you did a good deed, that you put a smile on somebody's face," says Nick Hannawa of Puff Cannabis Happening over the next two weeks, Puff

Marijuana Business News

Elgin appears to be luring Cannabis business away from Chicago Heights

Elgin appears to be luring Cannabis business away from Chicago Heights

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Cannabis NewsNovember 14, 2022

The southwest side of Elgin may soon be home to a second cannabis-growing operation. Grand Legacy Group LLC has partners who have ownership in both growing and dispensing facilities in New Mexico and New York. Now the group wants to open a growing operation in Elgin after first targeting Chicago

Marijuana Business News

Have a little music with your Marijuana

Humboldt Family Farms launches a line of the world’s best Cannabis, hand-curated and grown in sunshine by a collaboration of legacy craft farmers from the legendary Humboldt County, Calif. 

Available for direct-to-home delivery through online ordering, Humboldt Family Farms offers premium flower, vape cartridges and pre-rolls – all 100% grown in Humboldt County.

When buying from the Humboldt Family Farms line of premium flower, vape cartridges and pre-rolls, consumers have access to more information about the products than ever before. Through extensive lab testing, Humboldt Family Farms is able to identify and inform customers of the specific benefits and experience they can expect from each product through the identification of the cannabinoids and terpene profiles of each product.

“We are thrilled to bring consumers our line of premium craft Cannabis and brands grown by legacy farmers,” says Scott Vasterling, Founder of Humboldt Family Farms. “Our network of dedicated farmers has made a huge impact on this fast-growing category over generations. Beyond providing exceptional 100% Humboldt-derived Cannabis, we saw a need to offer consumers direct access to comprehensive terpene profiles so they can better select the flavors and effects that benefit them the most.”

Humboldt Family Farms’ initial product offerings include:

Premium FlowerThe Original F1 Blue Dream Premium Flower: A fan-favorite Sativa dominant hybrid delivering a balanced high with stimulating cerebral effects, thanks to the terpenes Pinene and Myrcene. On the farm for over 12 years, this legendary flower delivers a sweet fruity aroma and keeps you in a good mood.The Original Galaxy OG Premium Flower: This Indica dominant hybrid was brought to Humboldt in 1996 and has been a favorite ever since. Offering the quintessential terpene profile of Caryophyllene, Limonene and Myrcene, this strain provides a completely relaxing, chill vibe.Vape CartridgesThe Original Train Wreck Vape Cartridge: Starting with 100% Humboldt flower and extracted by Emerald Cup Winning Arcata X, this vape cartridge was created by extracting and refining the terpene profile to reveal a rare co-dominant terpene, Ocimene, which presents a calming effect. Terpinolene, the primary terpene, provides energy and creativity. This sweet-tropical flower-forward Sativa provides a calm, inspiring and euphoric effect.The Original Galaxy OG Vape Cartridge: This strain has been extremely sought after, as it has been cultivated by Humboldt farmers for generations and with the vape cartridge, you can enjoy it on the go. To deliver the highest quality product, Emerald Cup winning Arcata X used 100% Humboldt-grown Cannabis for extraction. Just like the flower, this Indica dominant Hybrid vape cartridge delivers a relaxing and mellow experience.Pre-RollsGalaxy OG & Saphire Tsu Pre-Roll: This collaborative joint is a perfect blend of 50% Saphire Tsu from Neukom Family Farms and 50% Galaxy OG from Humboldt Family Farms. This Indica leaning pre-roll is nearly 3:1 THC:CBD and certainly provides a relaxed and blissful effect.The Blue Dream & Maui Waui Pre-Roll: This quintessential Sativa dominant pre-roll is how it has been enjoyed on the farm for over a decade, offering the perfect balance of fruity flavors with a heady high that is sure to please and set you at ease.

The farmers behind Humboldt Family Farms have taken offering the premium experience of their products to the next level, curating individual Spotify playlists to pair with each product. Each mix was hand-selected – just like the product – to match the spirit and intent of its corresponding product.

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What the Election Results Mean for Cannabis REITs

With neither the Democratic nor the Republican party close to the 60-vote threshold in the Senate required to advance difficult legislation, federal reform regarding cannabis will likely be on hold for a while.

However, with two more states -- Maryland and Missouri -- adopting recreational marijuana sales in ballot referendums this past week, there are now 21 adult-use states. Both of these trends are good for cannabis real estate investment trusts (REITs) like AFC Gamma (NASDAQ: AFCG) and Industrial Properties (NYSE: IIPR).

The two REITs are thriving. This is partly because with cannabis still on Schedule 1 under the Controlled Substances Act, banks generally won't provide full services to marijuana companies in the U.S. That means cannabis retailers, when they need capital, are more likely to turn to REITs for cash, typically is sale leaseback deals in which the seller gets funds while the REIT gets a long-term tenant. The two REITs are benefiting from a supply/demand imbalance in what looks to be a prolonged environment in which it will remain hard for cannabis producers to raise capital.

Maryland and Missouri are currently limited-license states for medical marijuana. As they become recreational-use states more companies will look to expand there, opening up more opportunities for AFC Gamma and Industrial Innovative Properties.

Why this works for AFC Gamma

AFC Gamma's shares are down more than 36% over the past year, which in turn has driven up the yield on the company's dividend to around an attractive 14%. The decline in the stock's value would be more concerning if the company's business model was also weakening, but that doesn't appear to be the case. The stock is trading at a very attractive valuation of slightly more than 7 times earnings.

AFC Gamma's loan portfolio includes 13 loans across 17 states, including Missouri and Maryland. In the third quarter, which it reported Nov. 8, it had net income of $11.5 million, up 45% year over year; distributable earnings were $11.8 million, or $0.59 per share, up 64% from the same period last year.

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Does consuming Cannabis boost creativity?

Does consuming cannabis boost creativity?

We conducted two studies, which we carefully designed to test your question, and found similar results across both of the studies. We found that using cannabis makes you more jovial. It puts you in a better mood, and that joviality increases the degree to which you perceive your own work as creative. It also increases the degree to which you perceive other people’s work as creative. But we also had third-party evaluators look at the outputs of the creativity tasks our subjects tried, and we did not find a relationship between cannabis use and that creativity, as rated by third-party evaluators.

We don’t pretend to have the final answer to the question for all time, for all of humanity. We set out to study this in as natural a context as we could. We wanted people to use the same cannabis they use in their daily lives, in the same way that they tend to use it, which is good and bad. The good thing is that it makes a more realistic test of our ideas. The downside is we have no control over the type and amount of cannabis that they use. It’s a complicated topic, and I’m sure that there are lots of contingencies: Different contexts, and different strains of cannabis, might have different effects; and different people might experience different effects.

This was just an initial step for us. We didn’t bring them into our research laboratory. They’re in their own homes, using their own weed. And that’s fine for now. We don’t expect to do everything in one paper. We were excited with the scope that we took using two different creativity tasks, while also trying to manipulate whether or not people were high at the time. That was kind of tricky, because our ethics board said that our university has a policy that we are not allowed to ask people to use cannabis. And we’re definitely not allowed to give people cannabis. So we had to be a little creative. Our way was to say: For people that smoke in their daily lives, we’ll ask them to either do the study within 15 minutes of when they’ve last used cannabis, or after a time period of at least 12 hours of not using cannabis. 

We started with an industry standard task for creativity, the brick task, where you ask people to generate as many creative uses as they can for a brick. You can code that for both how novel and useful their response is. It’s an abstract task that doesn’t map very well, especially to business contexts. In our second study, we made it a lot more business relevant. We asked people to take on the role of someone who’s managing a band, tasked with increasing band revenue. In both tasks it was important to generate new, useful ideas. 

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