WeedLife News Network

Large Cannabis ETF to close as investors lose interest in Marijuana industry Image Cannabis NewsAugust 16, 2023 A leading exchange-traded fund in the cannabis space will close up shop as investor interest in the legally restricted industry wanes. AdvisorShares, the largest cannabis fund manager, said its Poseidon Dynamic Cannabis ETF will see its f

Germans stage rally demanding legalization of Cannabis Image Cannabis NewsAugust 15, 2023 Chancellor Olaf Scholz's cabinet is due this week to discuss a draft bill that would allow the limited consumption of hashish and marijuana. The plans have been widely criticized as impossible to police. Hundreds of people joined the annual cannabis legalizati

Michigan Cannabis sales set monthly record in July topping $275M Image Cannabis NewsAugust 15, 2023 Cannabis legal sales in Michigan in July leaped 6,1% from June to a record $275,7 million, putting cannabis sales in 2023 on a $3 billion run rate. Another impressive stat released Friday by the Cannabis Regulatory Agency is on a day-by-day basis, sa

Issuing Marijuana licenses on hold amid legal case Image Cannabis NewsAugust 15, 2023 Disabled Veterans' Lawsuit Delays Cannabis Licenses in New York as Eligibility Criteria Face Legal Scrutiny. Cannabis licenses in New York remain on hold following a lawsuit by four disabled veterans, who claim they should be eligible for the licenses under the la

Vermont’s Cannabis industry looks ahead after a strong first year Image Cannabis NewsAugust 15, 2023 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

Minnesotans now can possess and grow Marijuana, while Hemp consumables are available to Iowans Image Cannabis NewsAugust 15, 2023 Minnesota became the 23rd state in the U.S. to allow recreational marijuana on August 1. It's the third of Iowa's neighboring states to allow residents to possess and grow marijuana, following Missouri's constitutional a

Oregon Governor rejects Cannabis banking bill Image Cannabis NewsAugust 15, 2023 The bill would have created a task force to investigate the pros and cons of a public bank to serve cannabis businesses. Oregon Gov. Tina Kotek recently rejected a bill that would have created a State Public Bank Task Force. The 19-person team would have studied the pr

State auditor launches inquiry into Missouri Marijuana program Image Cannabis NewsAugust 15, 2023 It was initiated by Auditor Scott Fitzpatrick and began Aug 2 with a meeting with officials at the Department of Health and Senior Services. Missouri Auditor Scott Fitzpatrick has begun an investigation into the state’s marijuana program, vowing to ass

Police seize $100M of Cannabis during shutdown of illegal grow op Image Cannabis NewsAugust 15, 2023 Close to $100 million in illegal cannabis was seized during a raid on a massive grow op in Brantford, Ont., last Wednesday. Police say 18 people were arrested in connection with the shutdown at an industrial building on the city’s south end at Mohaw

Dwyane Wade celebrates NBA hall of fame induction with Cannabis drop Image Cannabis NewsAugust 15, 2023 The newly-minted NBA Hall-of-Famer Dwyane Wade just dropped a limited-edition cannabis product with Jeeter, the top-selling preroll brand in the country, to commemorate the occasion. Wade was inducted into the Naismith Memorial Basketball Hall of

Rep. Greg Steube unveils bill to deport Prince Harry for alleged drug use Image Cannabis NewsAugust 15, 2023 The SPARE Act targets “left-wing celebrities like Prince Harry” who allegedly lie about drug use. Last week, Rep. Greg Steube (R-FL) introduced the Substance and Possession Abuse Restrictions for Entrance (SPARE) Act to ramp up enforcement o

Vermont Hemp farmers say the state failed to support them Image Cannabis NewsAugust 14, 2023 'Fool's errand for most': Why Vermont hemp farmers label state program 'complete failure'. HARDWICK ― Once upon a time − in 2018 - hemp was going to save Vermont dairy farmers from the vagaries of supply and demand for milk, and the resulting hardship and e

Cannabis laws are changing and drug testing must change, too Image Cannabis NewsAugust 14, 2023 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 discriminat

Marijuana legalization in Ohio could boost the Weed Industry Image Cannabis NewsAugust 14, 2023 High in the heart of it all. Ohio’s status as America’s heartland — and its heavy marijuana users — are giving the cannabis industry hope as a potential vote on legalization approaches this fall. A last-minute push to get enough signatures for a ballot i

New Hampshire commission to study Cannabis legalization Image Cannabis NewsAugust 14, 2023 A New Hampshire bill signed into law last week establishes a new commission to study cannabis legalization, with state-run shops serving as the only retailers of recreational marijuana. New Hampshire Governor Chris Sununu last week signed legislation to creat

Many Americans wrongly believe exposure to Marijuana smoke is safer than tobacco Image Cannabis NewsAugust 14, 2023 Is inhaling marijuana smoke safer than inhaling smoke from tobacco? A majority of American adults say yes, according to a new survey, and they also believe there is less harm to adults and children from secondhand marijuana smoke than

New York's first Cannabis growers market has opened in New Paltz Image Cannabis NewsAugust 14, 2023 This is not your typical farmers market. A showcase market for cannabis growers has opened in New Paltz. And until there is a regular dispensary available locally to sell those products, the showcase market will continue to be open every Thursday, Fr

Too many Cannabis shops, too much production: the industry’s perennial problem Image Cannabis NewsAugust 14, 2023 A major problem underlying the cannabis industry’s continuing financial struggles has been overcapacity. In provinces that allow private retailers, there are too many shops competing for too few customers to cover costs. And nationwide,