WeedLife News Network

The big news in the cannabis industry this year is that New York has legalized marijuana for recreational use, making it the 15th state to do so. It likely won't be until sometime next year that recreational sales commence, but for investors, it's not too early to start thinking about which companies will capitalize on what's sure to be the next ho

According to a new report, sales will be higher among males than females, while customers between the age of 30 to 40-years-old will be the most interested in purchasing cannabis products. Cannabis software firm Akerna Corp (NASDAQ:KERN) expects national cannabis retail sales to reach $95 million on 4/20, the unofficial marijuana holiday. That’s ac

Many doctors also believe that cannabis is best used together with other forms of medicine, so don’t use this as an excuse to no longer see your oncologist. Data from the journal Gynecologic Oncology Reportsreveals that most gynecologic oncology patients find cannabis products to be either just as effective or even more effective compared to prescr

On Monday, New Mexico became the latest state to legalize adult-use cannabis, after Gov. Michelle Lujan Grisham signed the Cannabis Regulation Act. Sales are expected to begin before April 2022. Following a legalization wave led by New York and Virginia, this approval now puts more than 43 percent of Americans living in legal cannabis jurisdictions

Real estate is one of the more difficult aspects of the cannabis industry. Securing a license is tough but getting your location is even tougher. Each state has different regulations and restrictions, which combined with unique real estate markets makes finding and securing property essential. It’s an expensive endeavor and one in which traditional

A new survey conducted in Texas reveals that 61 per cent of respondents who are part of the state’s medical cannabis program turn to the herb as replacement for prescription drugs. Almost 2,900 people participated in the survey by Rice University’s Baker Institute for Public Policy along with the National Organization for the Reform of Marijuana La

More than 40,000 pounds of medical marijuana have been sold in Arkansas since the first dispensary opened in May 2019, according to the Arkansas Medical Marijuana Commission (AMMC). A dispensary in Bentonville has sold the most medical marijuana. The 42,769 pounds sold is valued at $285 million, according to a press release from Scott Hardin, a spo

State marijuana regulators are reconsidering how they will now run a lottery to decide who wins licenses to operate six additional medical marijuana dispensaries after no business answered a bid solicitation to develop the process.  "Unfortunately, the state did not receive any responses," Brian Hodge, a spokesman for the Department of Business Reg

The Ohio Department of Agriculture (ODA) has extended the licensure deadline for hemp farms from April 9 to May 28. The department received multiple requests from hemp farmers over the last few weeks to extend the deadline. Many existing and prospective hemp farmers expressed that they are still experiencing delays in obtaining the necessary land a

The change in the presidential administration has focused cannabis businesses on the potential for legalization nationwide. Running parallel to full federal legalization will be a corresponding regulatory and taxation scheme replacing the current regime of IRC §280E which prohibits anything but the cost of goods sold being deducted from a state lic

A 2015 study found that obese mice actually lost weight from ingesting cannabis because THC caused changes in the gut microbiome that regulates weight loss and digestion. Cannabis consumers have known for years about the effects of cannabis on appetite. In fact, one of the more enduring stereotypes of the side effects of cannabis usage is the consu

The popular TV show "Chopped," as every foodie knows, involves four chefs who face off against one another in a timed cooking contest. The goal is to prepare a three-course meal using four secret ingredients. The one who gets the best score from a panel of judges wins. A new spinoff of that show is designed to appeal to a cannabis-loving audience.

California’s licensed marijuana shops are doing an excellent job at preventing sales to minors, according to a first-of-its-kind study commissioned by the Insurance Institute for Highway Safety. That means the industry is living up to a key promise advocates made when voters legalized cannabis for adults 21 and older nearly five years ago. “License

Despite all of the resistance, the fact is that cannabis legalization is happening right now. State by state, country by country, it’s going global. When the Biden Administration took the White House, the headlines all clamored that it will be a “good time for cannabis”. Stocks seemed to echo the sentiment. Yet, since the administration took office

This month just might be the best time in a long time to buy cannabis stocks. Why? Much of the initial excitement about the increased prospects of significant U.S. cannabis reform has waned. With the Biden administration focused on other priorities, some investors could even be despairing that anything will be done. However, changes that would bene

When Aram Limsakul’s son and daughter came down with dengue fever two years ago, he gave the children, then aged five and four, a vaporiser to inhale the smoke from his own home-grown marijuana. Within a few days, “their fever reduced, they stopped vomiting and ate for the first time in days”, he said. Original link

When it comes to small business opportunities these days, few phrases give people the old dollar-sign-eyes more than “legal cannabis”. From states like Michigan where it’s been approved for both medicinal and adult use, to places like South Carolina where legalization has been a popular topic for ballots and voters, cannabis is slowly turning into

More than two years after Michigan voters approved marijuana for adult use, residents convicted of many pot-related crimes that have now been legalized have an opportunity to expunge them from their records.   Governor Gretchen Whitmer signed a sweeping "clean slate" package of bills in October that will automatically expunge some criminal records