WeedLife News Network

Banking institutions and accountants offering services to cannabis businesses would have a safe harbor in California law under one of the weed-related bills awaiting state lawmakers’ action when they return to Sacramento this week. One measure (A.B. 1525) says financial services, including public accounting firms, don’t commit a crime under any Cal

Total combined recreational and medical cannabis sales in the U.S. is anticipated to break $15 billion by year’s end. If you’re looking for work amid the pandemic and live in a legal state, the cannabis industry is hiring. New data published in the 2020 edition of the annual Marijuana Business Factbook reports the U.S. cannabis industry is expected

A study from researchers at the University of New Mexico has found that more than nine out of 10 migraine patients reported that inhaled cannabis provided relief for their symptoms. A report on the research, titled “Alleviative effects of cannabis flower on migraine and headache,” was published this month in the Journal of Integrative Medicine. To

If you think the stock market has gone for a wild ride over the past five months, take a closer look at how marijuana stocks have performed over the past couple of years. Through the first quarter of 2019, investors could have thrown a dart while blindfolded at a list of publicly traded pot stocks and had a good shot at landing a triple-digit retur

First, let’s get into a description of each method. Topicals Topicals include creams, lotions or oils and are rubbed onto your skin. For the most part, topicals are used to relieve pain, inflammation, or both. Capsules Capsules consist of two tubes each closed off at one end. The two pieces fit snugly into each other and dried plant particles or pl

Uncertainty abounds in the coming weeks, as the cannabis industry will learn if its business is as resilient as alcohol. No neat and tidy summation explains how the coronavirus impacted the cannabis industry. Due to the plant’s federal illegal status, cannabis businesses were not eligible for small business relief other sectors enjoyed and big comp

While many businesses have been struggling to survive during the pandemic, Illinois pot dispensaries have continued to thrive, setting another sales record in July. The $61 million in recreational marijuana sales last month represented a 28% increase over June, when Illinois had $47.6 million in sales, according to the Illinois Department of Profes

New Factors Could Help to Push The Cannabis Industry Forward Original link

The U.S. House of Representatives has voted to pass an amendment that prevents the Department of Justice from spending taxpayer dollars to enforce federal anti-cannabis laws in otherwise legal cannabis sates, according to NORML. The Blumenauer-McClintock-Norton-Lee amendment protects legal marijuana programs by restricting spending on anti-marijuan

Both millennials and boomers have been smoking and spending more on cannabis since the outbreak of the coronavirus. Baby boomers and millennials can’t agree on anything: the economy, social values, and smoking cannabis. Not whether or not they should consume the plant — boomers now smoke more cannabis than high schoolers — but how, when and where a

Research out of University of Newcastle in Australia indicates cannabis has the potential to kill or inhibit cancer cells without impacting normal cells. Cancer researcher Dr Matt Dun collaborated with Australian Natural Therapeutics Group (ANTG), which produces a variety of cannabis with high levels of cannabidiol (CBD) and low levels of tetrahydr

The state recorded $365 million in sales in 2019, the first full year, and that number is estimated to grow to $950 million by 2025. So what’s the problem? Original link

Maine announced this week that the state is on track to be able to offer legal, recreational cannabis to those 21 and over by the end of the fiscal year.  This past Tuesday, the Office of Marijuana Policy announced that they had 27 businesses in the final phase of licensing and authorization in order to fully open. After a final state review, inclu

Hemp legalization has solidified that products containing cannabidiol (CBD) aren’t going away. Last February, Stephen Hahn, Commissioner of the Food and Drug Administration (FDA), acknowledged that it was “a fool's game” to attempt to pull hemp-derived CBD products off the market. Original link

Looking at present day Marijuana’s status, seeing dispensaries, legal grows, medical research, and legalized hemp…one has to believe that assuredly the Age of Cannabis has arrived. Every day it seems another state and/or country is legalizing it. The current trend leaves little doubt that Cannabis will be legal domestically in the United States rel

The communal experience of cannabis, something that has always been closely linked to joints and vapes, has now been put on an indefinite pause. Edibles to the rescue! Predictions about marijuana use during the pandemic abounded. Once businesses and buildings started to close, different states declared that cannabis is an essential business. People

Cannabis tourism is not a new concept. For many decades vacationers have flocked to cannabis hotspots like Amsterdam, Jamaica, Thailand, and other international destinations often associated with cannabis, albeit unregulated cannabis. Options for legal cannabis tourism have increased in recent years with the spread of cannabis reform. Canada is a p

The House voted to approve Part B Amendment #87 Thursday evening, which is a provision to prevent the federal government from using any funds to interfere with state medical or adult-use programs or target individuals and businesses that are in compliance with state cannabis laws. The bipartisan amendment to the Commerce, Justice, and Science appro