WeedLife News Network

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

Marijuana Price Slips to $2,023 per Pound – Cannabis News

For the week ended Friday, June 10, the spot price index for a pound of cannabis decreased 3% from $2,086 in the prior week to $2,023.

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Some Wall Street Vets Are Betting on a Weed Exchange – Marijuana News

Is there serious money to be made trading the flowers and leaves of the cannabis plant? Amercanex isn’t alone in betting there will be, someday.

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Wall Street investors see budding opportunity in U.S. cannabis – Marijuana News

Image: WeedWorthy.com

Wall Street investors are deciding it's time to just say yes to marijuana as legalization of cannabis in more U.S. states has them smelling money-making opportunities.

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Marijuana moves from the black market to the stock market – Marijuana News

Image: WeedWorthy.com

Selling pot is no longer a private deal. Terra Tech, a cannabis-focused agriculture company, announced its acquisition of the California-based Blum Oakland dispensary on Tuesday.

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Philly420: Merrill Lynch is bullish on marijuana – Marijuana News

Image: Bobby Yip, Reuters, via Philly.com

The investment arm of Bank of America, Merrill Lynch, sent out a 45 page equity report last week focused on prospects related to marijuana. Carefully researched, it was an interesting peek at how heavy hitters on Wall Street are starting to view the expanding industry.

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All of these CEOs have admitted to smoking marijuana

Michael Bloomberg, then Mayor of New York, speaks to the media aboard the amphibious transport dock ship Pre-Commissioning Unit (PCU) New York (LPD 21) in Nov. 2009. Image: U.S. Navy via Wikimedia Commons
 
Some CEOs characterize it as a youthful indiscretion, while others say they’ve been at it for years. Either way, it’s not career destroying.
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The legal marijuana industry finds itself at a crossroads, as it prepares to meet in Manhattan

New York City night scene. Image: Paulo Barcellos Jr. via Wikimedia Commons
Bruce Kennedy ~ WeedWorthy ~
 

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