WeedLife News Network

From jobs to tax revenue to commercial real estate, the marijuana industry has a large – and growing – impact on the broader economy in the United States. The total U.S. economic impact from marijuana sales in 2021 is expected to reach $92 billion – up more than 30 percent from last year – and upwards of $160 billion in 2025, according to analysis

The year of the COVID-19 pandemic also appears to have been a year that more Americans got high. At least that’s where new research points. Investors the ETFMG Alternative Harvest (ticker: MJ) exchange-traded fund, which holds a basket of marijuana-related stocks, will no doubt be smiling blissfully at the news. The fund was recently up 46% so far

States that have legalized adult-use marijuana sales have seen billions of dollars in fresh tax revenue from cannabis, according to a new study. The recently published research, which comes courtesy of the Marijuana Policy Project, found that, as of this month, “states reported a combined total of $7.9 billion in tax revenue from legal, adult-use m

New Hampshire will now be expanding the pool of patients eligible to receive medical cannabis, thanks to a newly signed bill, HB 89. This week, Republican Governor Chris Sununu signed HB 89, which will go into effect July 21. Under this new law, physicians will be allowed to authorize patients who have moderate or severe insomnia to use medical can

One by one, US states have been adopting marijuana legalization programs, with the latest two: New York and New Mexico, happening within 24 hours of each other, and bringing the total number of states with legalization policies to 17. The south has been a bit slower to adopt, with states like Maryland, Virginia, and now Texas, leading the way. With

A proposed amendment in Massachusetts would allow for the addition of hemp-derived CBD ingredients to food, dietary supplements and animal feed, and permit the sale of hemp flowers to consumers. A vote on Amendment 130 in the state Senate is expected this week while the Massachusetts House of Representatives is to consider a parallel bill with simi

The process to make canna-butter and canna-oil are the same, but I prefer to make my extractions using whole buds, not leaves or stems because the better and stronger the cannabis you use, the better the final product will be. It is best to make a strong extraction and dilute it to personal tastes with plain butter or oil when you prepare a meal. Y

The cannabis industry and sustainability movement have met at a critical intersection, changing the upward trajectory of social responsibility in the industry for good. Driven by evolving environmental regulations, consumer demand, and the best interests of the business, cannabis operators looking to promote sustainable business practices are no lo

New York’s effort to legalize recreational marijuana for adult use took three years to accomplish and resulted in a 128-page, 7,000-line law that will require more than a year to fully take effect.   Let’s just say it’s complex. But the most fundamental thing to know is that it’s now legal for those 21 and over to possess up to three ounces of mari

I grew up on the East Coast and my earliest weed dealers used to offer only two choices: Take it or leave it. I always chose “take it.” Nowadays I live in California and the modern marijuana retail experience offers so many strains, concentrates, edibles, topicals and delivery devices that it requires a concerted effort (and consistent product samp

Currently, there are no fully legal adult-use cannabis countries in Europe, but Luxembourg is moving forward. The only two countries that have legalized cannabis for adult use are Uruguay and Canada. With that being said, there are already countries in Europe that are quasi-legal, such as in Switzerland where low-THC cannabis is bought and sold leg

Oregon regulators pulled marijuana vape products off retailers’ shelves because they allegedly contained cannabis-derived terpenes imported from California. The Oregon Liquor Control Commission (OLCC), which regulates the state’s licensed recreational marijuana market, issued a health and safety recall for marijuana vaping products sold under the “

Promising news for cardio-conscious medical cannabis consumers has come to light. The consumption of certain medical cannabis products is not associated with an increased risk of “serious cardiovascular effects,” according to a meta-analysis published in the Journal of the American Pharmacists Association.       “The objective of this study was to

Just a little more than two months after Validcare released the preliminary results of a study on cannabidiol’s (CBD’s) effect on the liver, the company has announced the release of a separate report on CBD usage among Americans that it simultaneously conducted along with consumer marketing research company Cannabis Business Experts (CBE). The prel

After the Florida Supreme Court hears arguments in a case, justices typically try to hand down a ruling within six months. Although the court heard final arguments in Florida Department of Health v. Florigrown nearly eight months ago, it has yet to render a judgment. It’s difficult to overstate the stakes of the case. The court could decide to upen

It’s official: Minnesota has legal medical cannabis flower! Governor Tim Walz just signed legislation into law that allows medical patients to access flower instead of just extracts or non-smokables.  Previously, Minnesota was only one of a few medically legal states that still did not allow patients to access flower medicine.  Now, patients who ar

Will The House Approve This Revised Cannabis Reform Bill? A crucial and important chairman has set a goal to reintroduce a bill to federally legalize marijuana. Along with this bill will be measures that promote social equity. This reintroduced legislation may come as soon as next week in the House. As well its language will have at least two impor

Do You Have These Top Marijuana Stocks On Your Watchlist In May? In recent trading, many marijuana stocks have started to build more market momentum. This current upward push for most cannabis stocks has been long overdue after coming off a 3-month downtrend. Yet during this downtrend, all was not lost for the cannabis industry and investors. For o