WeedLife News Network

Embattled Canadian cannabis stocks jumped Thursday on the hope that the U.S. may ease restrictions on the substance. The Associated Press reported that the U.S. health department has recommended marijuana be moved from a schedule one to a schedule three controlled substance. U.S. Senate leaders

Chief Medical Officer Warns Against Illegal Sale and Use of Cannabis Products in Cayman Following Teen's Illness. Following a report of a teenage boy becoming ill from ingesting ganja edibles ordered through a food delivery app, Chief Medical Officer Dr. Nick Gent has issued a warning that the use

James Whitcomb, a former CEO of Parallel, helms Frontier Risk Group. Frontier Risk Group raised $3.1 million in seed funding with the help of Casa Verde Capital, apparently on the wave of optimism generated by the marijuana rescheduling news this week. The Connecticut-based cannabis insurance firm

The Department of Health and Human Services is formally recommending that the Drug Enforcement Administration ease government restrictions on marijuana, which remains illegal at the federal level even though 40 states allow its use in some form. Indiana is not one of the states that have jumped on

Connecticut Pioneers $50 Million Bond Initiative to Empower Social Equity Cannabis Businesses. Social equity cannabis businesses regularly contend with the burden of structural inequality, lack of intergenerational wealth, and funding, high taxation and real estate prices, and, stringent compliance

In a rapidly-growing market brimming with countless hemp and THC vendors, standing out is crucial. While many enterprises focus solely on product quality or expansive range, few intertwine these with technology to revolutionize customer experience. Mood is one such e-commerce platform that has

The data now confirms that cannabis is more capital-intensive than other similar industries. A new report from Viridian Capital Advisors looked at the capital needs of cannabis companies versus four other industries. Viridian chose to compare cannabis to other companies and sectors that would be

It is the #1 Canadian marijuana purveyor, after all. It might be hard to imagine Canadian marijuana company Tilray Brands with its under-$3 per share stock price, making anyone comfortably rich. Yet the history of publicly traded companies is filled with sleeper titles that rocketed dramatically

Mastercard's Cannabis Debit Transaction Ban Raises Concerns About Financial Challenges and Safety Issues in the Industry. Mastercard’s move to ban cannabis debit transactions last month will cause further financial challenges in an already expensive industry, and may lead to safety issues as more

A new state audit is highlighting issues with the Michigan Department of Civil Rights’ handling of complaints. The report from the Office of the Auditor General looked at a period from 2021 through mid-2022. It found investigations took over a year-and-a-half, on average, to complete. “MDCR stated

Navigating Cannabis Consumption Amidst Inland Northwest's Smoke Season: Exploring Edibles and Lung Health. The Inland Northwest's fifth season, the now-annual smoke season , arrived with a vengeance last weekend as air quality around the region plummeted into the unhealthy and even hazardous ranges

Before the COVID-19 pandemic, Wall Street was salivating at the cannabis industry. Before the COVID-19 pandemic, Wall Street was salivating at the cannabis industry. Seemingly every cannabis company was going public, whether it should or not. Investment bankers were happily signing big checks and

The material is still hard to find and expensive — but proponents see a bright future for the alternative to fiberglass insulation. Seasoned housepainter Kim Croes had a big problem — increasingly, the fumes from the paint she used in her work were making her sick. She often experienced headaches

Marijuana testing labs face pressure to say products have higher THC potency results or lose business. DHSS’ new rule aims to prevent the practice. In the marijuana industry, they say potency is king. Producers all over the country are competing to put the most intoxicating product on the shelves

Cannabis Delivery Entrepreneurs Express Frustration as State's Two-Driver Rule Remains Unchanged Despite Push for Reform. Cannabis delivery entrepreneurs have been pushing regulators to change the state's two-driver rule for years, and when the rule was put on the agenda for this month's Cannabis

In recent years, blockchain technology has emerged as a powerful tool with the potential to revolutionize various industries. A partnership between ACS Laboratory, the largest hemp and cannabis testing facility in the eastern United States, and Blockticity, a leader in guaranteed certificates of

Cannabis is a *budding* industry in the Green Mountain State, bringing in just under $10 million in new revenue to the state so far. Nearly a year in, there are 59 dispensaries in the state and more than 500 other businesses ranging from cultivators, testing labs, manufacturers, and wholesalers.

Voters and politicians are reshaping America’s marijuana laws for the better. The possession and use of cannabis is now legal for medical purposes in 38 states and legal for adult recreational use in 23 of those. Unfortunately, antiquated and discriminatory drug testing policies often haven’t kept

Under state law the number of dispensaries a person can open in Connecticut is limited to one and in some cases two, but some of the largest cannabis companies in the country are planning top open as many as six retail stores. This has raised questions about the fairness of a legalization initiative

Fluresh Slapped with $60,000 Fine for Owner's Relocation, Funds Directed to Marijuana Social Equity Nonprofit. In April, Fluresh was fined $60,000 for the owner's move from Grand Rapids to Traverse City and must pay the total into the city’s new marijuana social equity nonprofit fund, which aims to