WeedLife News Network

Is Weed More Profitable Than Booze? This State Says It Is, Expects $30.7M In Tax Revenue Image Cannabis NewsDecember 16, 2022 Tax revenue from pot sales is forecasted to reach $50.7 million in the 2024 fiscal year, and $57.7 million in 2025 for the general fund, as per the new budget proposal. (Benzinga) Which vice brings in more in taxes — weed or

Detroit not releasing applications for recreational Cannabis Licenses Image Cannabis NewsDecember 16, 2022 The city is not releasing the 90 applications it received for pot retail and lounge licenses. Detroit denied our Freedom of Information Act request for the application documents that businesses submitted seeking the 60 available recreational c

The ongoing struggle for Federal Legalization: an inside look Image Cannabis NewsDecember 16, 2022 The outlook for federal legalization has dimmed, leaving cannabis businesses and investors in limbo. Entourage Effect Capital has $200 million invested in cannabis-related businesses and is looking to deploy more. Founded in 2014, the Dallas-based pri

Decriminalizing Cannabis could save Aussie tax payers billions every year Image Cannabis NewsDecember 15, 2022 Decriminalising cannabis could save Aussie tax payers $850 million a year, according to the Penington Institute’s Cannabis in Australia 2022 report. Apparently, it costs us about $1.7 billion a year in law enforcement costs related to weed

Poison Alert! Quality control is often lacking for Cannabis products Image Cannabis NewsDecember 15, 2022 Poison Alert: Are your CBD and THC-rich consumables contaminated by heavy metals, pesticides, and reproductive toxins? Quality control has been an issue in the legal cannabis space since day one. Most American consumers expect when they purchas

Fact Finders: Marijuana in Missouri hotels and motels? Image Cannabis NewsDecember 15, 2022 SPRINGFIELD - The use of recreational marijuana for those 21 and older became legal in Missouri this month. The constitutional amendment (article 14 of the Missouri Constitution) has triggered several viewer questions. One of our viewers wants to know; can v

Bob Marley's son Stephen reveals how his grandmother used to use the hemp plant to alleviate arthritis pain, a common cold, and more Image Cannabis NewsDecember 15, 2022 In recent years, the popularity of CBD has skyrocketed and become a star ingredient in a whole array of products, including makeup, hair care, lattes and even dog treats. Some migh

Marijuana pre-rolls and edibles in Arizona see growth Image Cannabis NewsDecember 15, 2022 According to cannabis data analytics firm BDSA, national cannabis sales decreased 0.5% in October compared to September. Looking at a per-day basis, sales decreased 3.7% month-over-month. In total, sales across the 11 state marijuana markets totaled $1.64 bil

Japan unit of Britain's Jazz Pharma starts phase III trial of Cannabis Image Cannabis NewsDecember 15, 2022 TOKYO - The Japanese unit of Britain's Jazz Pharmaceuticals PLC (JAZZ.O) said on Thursday it had started a phase III trial of a cannabis-based drug for epilepsy. The trial follows a recommendation by a health ministry panel in September to re

Japan unit of Britain's Jazz Pharma starts phase III trial of Cannabis Image Cannabis NewsDecember 15, 2022 TOKYO - The Japanese unit of Britain's Jazz Pharmaceuticals PLC (JAZZ.O) said on Thursday it had started a phase III trial of a cannabis-based drug for epilepsy. The trial follows a recommendation by a health ministry panel in September to re

Kansas will revisit Medical Cannabis legalization next year Image Cannabis NewsDecember 15, 2022 Earlier this year, the Kansas House approved a bill to stand up a new medical marijuana industry, but a Senate companion measure died in committee. A Republican state senator in Kansas plans to introduce a bill in January to legalize medical marijuana,

Voters in five Texas cities approved decriminalizing Marijuana. Now city officials are standing in the way. Image Cannabis NewsDecember 15, 2022 Some local leaders say they worry the changes violate state law, while residents who supported decriminalizing marijuana say the pushback disrespects democracy. The fight in several Texas cities to decrimi

Prosecution collapses against execs caught up in CannTrust Cannabis Scandal Image Cannabis NewsDecember 15, 2022 Ontario Securities Commission moves to withdraw charges against beleaguered company's former officials. The prosecution of three businessmen caught up in one of Canada's most spectacular cannabis-industry flameouts suffered its own colla

Too High? THC Test Results Under Fire Image Cannabis NewsDecember 15, 2022 Asked how the state verifies test results on THC levels in Arkansas’ legal cannabis system, the Alcoholic Beverage Control Division and Medical Marijuana Commission point to the Arkansas Department of Health. But the Health Department points back at the commission and the AB

Florida Cannabis Legalization Image Cannabis NewsDecember 14, 2022 To achieve legalization in Florida, cannabis activists needed to prove not only to residents but elected officials that cannabis has a legitimate place in the medical industry. When Did Cannabis Become Legal in Florida? Cannabis became legal in the state of Florida in 2016. Laws cur

Florida Cannabis Legalization Image Cannabis NewsDecember 14, 2022 To achieve legalization in Florida, cannabis activists needed to prove not only to residents but elected officials that cannabis has a legitimate place in the medical industry. When Did Cannabis Become Legal in Florida? Cannabis became legal in the state of Florida in 2016. Laws cur

Cannabis company cultivating deep local roots Image Cannabis NewsDecember 14, 2022 From first look, it wouldn’t seem like a retirement community such as Mesquite would be a good place to build a cannabis facility. But now six years into it, Deep Roots Harvest has grown like, well, a weed in Mesquite. “It was a little bit of happy accident,” Chief O

Half of all Missouri Medical Marijuana sellers have applied to sell recreational pot Image Cannabis NewsDecember 14, 2022 JEFFERSON CITY - Recreational marijuana is now legal in Missouri for those 21 and older, but you won’t be able to buy the product until next year. Last month, voters decided to join 20 other states in legalizing recreational can