WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
After the markets close Sept. 21, Aurora Cannabis (NASDAQ:ACB) will release results for its fiscal fourth quarter, which ended June 30. The troubled Canadian pot company's stock is already down by about 20% year to date -- a sharp contrast to the sector benchmark Horizons Marijuana Life Sciences ETF, which is up 5% -- and the upcoming report could
Resonate Blends Inc., a cannabis holding company in Calabasas, has signed a letter of intent to acquire Lemon and Grass, a Florida-based cannabis wellness brand. Lemon and Grass sells products such as relief balms, patches and capsules as well as vape cartridges and PAX pods. The products will flank Resonate’s existing product line, Koan Cordials,
Ocean Commerce Plc, a provider of original palm oil fuel ash, has joined hands with two cannabis and pharmaceutical business operators to develop water-soluble cannabidol (CBD) extracts from hemp for the first time in Thailand to serve growing domestic and global demand for CBD-based products. "Our customers do not need to conduct further developme
Today American Green (ERBB:OTC) announced that it has begun selling its Premium Hemp Cream and Hemp Lip Balm by expanding its E-commerce presence on eBay. The company is excited to add sales from eBay as another revenue stream and plans to meet or exceed the success it is currently enjoying following its launch on Amazon last December. David G. Gwy
Cannabis stocks have been struggling over the past six months, with the Horizons Marijuana Life Sciences ETF down more than 30% while the S&P 500 has risen by 17%. Though optimism was high when the Democrats took control of the Senate earlier this year, a lack of progress with respect to the federal legalization of marijuana may have led investors
Still in its early stages, the corporate marijuana sector in the U.S. is famously unprofitable and frequently cash-starved. Despite this, many operators have managed to build up quite a bit of scale, and as such are poised to benefit as the current recreational cannabis legalization trend continues to spread. Exhibit A: Columbia Care (OTC:CCHWF), a
The USA’s National Hemp Association (NHA) and its Standing Committee of Hemp Organizations (SCOHO) has its cap out for a billion-dollar amendment to the pending House Budget Reconciliation measure. The NHA and organizations comprising SCOHO represent more than 90% of licensed hemp farmers across the USA. The NHA says the cash it’s chasing is esse
NORWICH — With marijuana currently legal to consume for people 21 and older in Connecticut, and sales of recreational marijuana products to be allowed in 2022, many businesses owners want to know any potential impact to them. Original link
As cannabis cultivation grows in Warwick, the town debates whether to allow dispensaries. What was once a medium-security prison that housed about 1,000 inmates in Warwick will become a fully operating cannabis cultivation site by 2023. Original link
A lack of momentum among lawmakers this summer—as federal cannabis reform took a back seat to issues like infrastructure—has weighed on shares of midsize marijuana seller TerrAscend in recent months. Its declines could prove fleeting. Original link
Sustainable cannabis cultivation is one of the most complex, charged issues facing today’s industry. As the market continues to mature, companies need to consider the significant environmental impact and massive carbon footprint of energy-intensive operations. As more states legalize the plant, companies are building indoor production facilities th
A Denver-based medical marijuana company has awarded $1,000 scholarships to twenty different college students interested in the plant, with plans to do the same next year. Veriheal, an online service that connects medical marijuana patients with doctors, recently split $20,000 among twenty students who demonstrated a passion for cannabis and innova
Three best practices to help drive revenues and stay ahead of the curve. As the North American cannabis industry becomes more and more crowded, retailers are suddenly faced with flat or declining revenues. That’s bad news for owners, but it’s not necessarily the end of the world. Creative entrepreneurs are constantly looking for new ways to generat
That's bad news for the cannabis industry, which has turned to billboards as a marketing opportunity. Cannabis companies have precious few options when it comes to advertising. With the federal government still listing marijuana as an illegal drug, the industry faces strict regulations on advertising its products and services. The situation has lef
Automaker BMW Group is looking to slash the carbon emissions of making and using its cars – and hemp may play a larger role. BMW has been using hemp for some years, for example in the lining of door panels of its electric i3. This isn’t just a warm and fuzzy tree-hugger thing to attract the eco-savvy consumer; but also plays a (small) role in light
Illinois plans to hold an extra licensing lottery to give the applicants left out of the process another chance. Illinois will launch a new lottery program specifically for the six applicants who did not make it, so that they will now have another shot at winning and being able to operate their own recreational cannabis stores. This official new lo
