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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
Kansas and California cops used civil forfeiture to stage armored car heists, stealing money earned by licensed marijuana businesses
Politics
The Institute for Justice argues that the seizures violated state law, federal law, and the U.S. Constitution. Because the continued federal prohibition of marijuana makes banks and payment processors leery of serving state-licensed cannabis suppliers, many of those businesses rely heavily on cash, which exposes them to a heightened risk of robbery
Kansas and California cops used civil forfeiture to stage armored car heists, stealing money earned by licensed marijuana businesses
Business & Finance
The Institute for Justice argues that the seizures violated state law, federal law, and the U.S. Constitution. Because the continued federal prohibition of marijuana makes banks and payment processors leery of serving state-licensed cannabis suppliers, many of those businesses rely heavily on cash, which exposes them to a heightened risk of robbery
Illegal marijuana winning out in California 5 years after Proposition 64
Politics
On an isolated farm, greenhouses stand in regimental order, sheltered by a fringe of trees. Inside are hundreds of head-high cannabis plants in precise rows, each rising from a pot nourished by coils of irrigation tubing. Lights powerful enough to turn night into day blaze overhead. In the five years since California voters approved a broad legal m
Could Innovative Industrial Properties stock help you retire a millionaire?
Business & Finance
Cannabis stocks aren't typically high on my list of go-to durable wealth creators -- except when it comes to Innovative Industrial Properties (NYSE: IIPR). Between its highly repeatable business model, persistently rising cash flows, and valuable service it provides for the cannabis industry, Innovative Industrial Properties (IIP) is a great option
3 Recent Cannabis Trends That Are Here to Stay
Cannabis News
Even though there have been trends that have taken hold within the world of cannabis in the past, it’s hard to imagine them having a bigger impact than ones that have taken hold in the early 2020s. To say that the world of cannabis is much different than it was just a decade ago would be a drastic understatement. In years past there haven’t been as
Cannabis businesses will face challenges trying to open in CT, experts say
Business & Finance
Finding a location will likely be a challenge for those interested in starting one of Connecticut’s first recreational-use cannabis businesses, experts say. Original link
Cannabis goes high tech with AI
Technology
Using data gathered through research to more effectively develop products that meet consumer needs is not new, but a promising innovation, at least for the cannabis industry, is using Artificial Intelligence to streamline and enhance not only the research but development processes. Nancy Whiteman, CEO of Wana Brands (one of the cannabis companies c
Cannabis goes high tech with AI
Business & Finance
Using data gathered through research to more effectively develop products that meet consumer needs is not new, but a promising innovation, at least for the cannabis industry, is using Artificial Intelligence to streamline and enhance not only the research but development processes. Nancy Whiteman, CEO of Wana Brands (one of the cannabis companies c
Cannabis banking is booming despite federal uncertainty
Business & Finance
Small banks are gaining confidence Cannabis companies may not be able to work with the JPMorgan Chases and Citigroups of the world anytime soon, but that hasn’t stopped small banks from flooding into the space. On the surface, it would seem that the industry’s prospects for being able to bank like normal companies has taken a hit. U.S. Representati
Hemp industry pivots toward grain and fiber
Business & Finance
After a brutal shake-out that chopped hemp acreage in half in two years, the industry is focusing on hemp as a source of grain and fiber, a less profitable but possibly steadier market than cannabinoid (CBD) oil, used in food, beverages and dietary supplements. Analysts say the unclear regulatory status of CBD has throttled sales. Growers rushed in
Democratic Senate candidate smokes marijuana in new ad highlighting disparity and reform
Politics
Gary Chambers is running for a Senate seat in Louisiana. Progressive activist and Democratic U.S. Senate candidate Gary Chambers Jr. smokes marijuana in a field in New Orleans while talking about marijuana reform in his first campaign ad. On Jan. 1, smokeable medical marijuana became legal in Louisiana under certain conditions. But the use of canna
Bill to combat marijuana-related impaired driving should be rejected
Politics
There is no blood, saliva, or breathalyzer analysis that can ascertain whether a person who has used marijuana is actually impaired. Prompted by the Commonwealth’s legalization of marijuana and growing concerns about an increase in impaired driving, Governor Charlie Baker has refiled the Trooper Thomas Clardy Law, which states that the presence of
Reasons doctors prescribe marijuana most
Medical News
Six reasons why doctors recommend using marijuana, according to experts. ​​There's been plenty of evidence that finds using marijuana for certain medicinal purposes is highly beneficial. It's proven to be helpful for patients who experience seizures, have autism, severe nausea or vomiting caused by cancer treatment, Alzheimer's disease, Amyotrophic
NJ legal weed: Home grow is a no-go, but advocates push to change that
Politics
New Jersey is unlikely to allow its marijuana users or medical marijuana patients to grow their own cannabis plants at home, the new president of the state Senate said this month.  State Sen. Nick Scutari, D-Union, was the main proponent of New Jersey marijuana legalization in the state Senate and was elected by his colleagues as the body's preside
Amid growing pains for Louisiana medical marijuana, advocates look to open up the market
Business & Finance
For a moment, newly available medical marijuana flower was a hot commodity in Louisiana, drawing thousands of new patients and huge lines to the state’s nine authorized pharmacies. Then it was gone. Pharmacies across the state reported supply disruptions less than two weeks after flower became available at the start of 2022. And patients have compl
CBD water: Big market opportunity or just the next crazy CBD-infused product?
Business & Finance
The product has several utilities, but the downsides surrounding it are guaranteed to put people off. Water is one of the most fundamental needs for the survival of humans. This is why CBD water is a brilliant innovation that speaks to the innate needs of cannabis users while promising an excellent high at the same time. Many have heard about CBD w

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