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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Despite Hurdles the Michigan Cannabis Market Is On Fire
420 Intel
Business & Finance
Now well into its second full year of adult-use sales, Michigan’s legal cannabis market is emerging from the pandemic ripe with opportunity. With a run rate behind only California and Colorado, Michigan’s early 2021 sales have put the state on pace to not only break the billion-dollar sales threshold but also blow right past it. Michigan regulators
Colorado’s New Hemp Rules Suggest Wave Of Comprehensive State Regulations
420 Intel
Business & Finance
State regulators are helping legitimize the industry, build consumer confidence and expand this promising market. While the Food and Drug Administration (the FDA) continues to drag its feet in forging a legal path for the manufacture, sale, and distribution of hemp-derived products, state regulators are keeping up with the demands of this evolving
New York Cannabis: Why It’s A Big Deal That The Town Of Riverhead Voted Not To Opt Out
420 Intel
Politics
The big uncertainty was whether New York’s local jurisdictions would embrace the cannabis industry. Riverhead voting against opting out is a very positive development. As we continue to wait for Governor Andrew Cuomo to nominate a Chairperson for the Cannabis Control Board (CCB), effectively kickstarting the rule making process, a surprising and we
The MORE Act Aims to Legalize Cannabis
420 Intel
Politics
The drive to legalize cannabis at the federal level continues with the reintroduction of a bill to remove marijuana from the nation’s list of controlled substances and invest in communities disproportionately impacted by the War on Drugs. The measure, the Marijuana Opportunity, Reinvestment and Expungement Act of 2021 (MORE Act), was introduced on
N.J. has dismissed 88K weed cases under new marijuana law
420 Intel
Politics
New Jersey has vacated or dismissed tens of thousands of marijuana convictions as the state continues to work out the details of its new legal cannabis market. The state Judiciary has dealt with 88,000 cases so far, it announced Monday evening. These are the first wave of an estimated 360,000 identified that qualify for expungement. Cases that have
2 Undervalued Marijuana Stocks To Watch In July
420 Intel
Business & Finance
2 Marijuana Stocks To Watch This Friday With Hidden Value When looking for marijuana stocks to buy often times people look for the top companies only. This is typically done due to the value and popularity of the given cannabis stock. Most times investors try to invest in what is currently popping or bubbling in the market. With cannabis stocks tra
4 Reasons Why States Shouldn't Ban Delta-8 THC
420 Intel
Technology
Delta-8 THC, a naturally occurring cannabinoid found in the hemp plant, is both the hottest new product in the cannabis space and the industry’s latest bogeyman. Every day, there’s a new article expressing alarm about Delta-8’s legality, accusing those who produce and sell it of risking consumer safety. More than 15 states have actually banned Delt
Cannabis Sales Are Booming In Illinois
420 Intel
Business & Finance
In May, cannabis sales in the state hit $116 million, which is $1.5 million higher than in April. One might wonder if lawmakers in Illinois had any idea just how much recreational cannabis sales would bring into the state’s coffers when, less than two years ago, they decided to legalize it. They probably had some idea, seeing that the state ended t
The Need for Accountants in the Cannabis Industry
420 Intel
Business & Finance
How fast the cannabis industry is growing is astounding. It’s managed to thrive through the COVID-19 pandemic, one of the most challenging times in our country’s history. As a result, business owners are readying themselves for a prosperous future.  But a flourishing cannabis business is highly dependent on having the right people overseeing differ
Illinois weed sales remain strong at near-record $116 million in June
420 Intel
Cannabis News
Recreational marijuana sales remain strong in Illinois, with a near-record $115.6 million in sales for June. The totals, reported Thursday by the Illinois Department of Financial and Professional Regulation, are down slightly from the record $116.4 million worth of recreational cannabis products sold at dispensaries statewide in May. But Illinois r
New Cannabis Studies Provide Good News For Multiple Sclerosis Patients
420 Intel
Medical News
Multiple sclerosis is both a neurological disease (affecting the nerves) and an autoimmune disease (affecting the immune system). Common symptoms of multiple sclerosis include, but are not limited to: fatigue, pain, vision loss, and degrading coordination. Symptoms of the condition and the severity and duration involved vary from patient to patient
NIHC Publishes U.S Hemp Industry Update
420 Intel
Politics
North America’s National Industrial Hemp Council (NIHC) estimates U.S. exports of hemp and hemp-derived products topped $1.8 billion in 2020, up from $310 million in 2019. It was a pretty solid result given pandemic related challenges, reduced acreage and some ongoing regulatory uncertainty.  The organisation estimates global trade in industrial he
Why Does Marijuana Have Different Colors?
420 Intel
Technology
Once you start to get involved with marijuana, you start to learn that there’s much more to the plant than smoking it and getting high. Experienced users know what they like and know how to get different results with the plant, depending on different factors like chosen strain, terpenes and knowing what works with their bodies. All the colors of th
Illinois is about to get its first marijuana lounge — and it's not in Chicago or the suburbs
420 Intel
Business & Finance
For the first time in Illinois, cannabis smokers will be able to legally light up in public Saturday in a lounge specifically built for that purpose. There have been discussions in Chicago and elsewhere in the state about opening consumption spaces, but the first will be in the tiny downstate city of Sesser, in a remodeled former bank. Original lin
Cannabis-Growing Gathers Momentum in Zimbabwe
420 Intel
Business & Finance
Zimbabwe recently scrapped rules requiring sole state ownership for cannabis farming to encourage investment in the plant for industrial and medicinal uses. Zimbabwe is Africa's largest tobacco producer, but authorities expect hemp export earnings to start replacing tobacco as farmers seek higher earnings from the crop. Farmer Jesper Kirk has been
Cannabis uses a similar amount of water per acre as other agricultural crops in California: Researchers
420 Intel
Business & Finance
The University of California Berkley Cannabis Research Center has been studying water use on cannabis farms since 2017. The work has relied mostly on water use reports from farmers enrolled in California’s cannabis cultivation program, as well as anonymous farmer surveys.     And while the data surrounding cannabis use, especially on nonpermitted g
Industrial hemp faces challenges in Texas
420 Intel
Business & Finance
Industrial hemp acres in Texas were expected to rocket after legalization, but the crop has yet to take off in a state that presents many challenges to it as a profitable commodity, according to a Texas A&M AgriLife Extension Service expert. Growing hemp in Texas has been a challenge as scientists and the industry seek varieties and management prac
The New York Cannabis Market Will Shape the Future of the Industry
420 Intel
Business & Finance
As goes New York goes, so goes the world. A few months ago, Governor Andrew Cuomo signed New York's Senate Bill S854A, the Marijuana Regulation and Taxation Act (MRTA), legalizing adult-use cannabis in New York. Despite having just passed, the MRTA has already positioned New York at the center of the legal cannabis movement.  Original link

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