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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
More than $205.4 million in cannabis taxes collected in Illinois as nonprofits receive first round of grants
Business & Finance
About $31 million from adult-use cannabis taxes is going to nonprofits in Illinois as part of the Restore, Reinvest and Renew, or R3 program, and it’s not all going to Chicago. Cannabis sales for January neared $90 million. Since adult-use sales began in January 2020, nearly $757.9 million in cannabis has been sold. The taxes on that can be more th
2021 may be the year of hemp
Business & Finance
Floridians said they believe hemp businesses will boom this year and are hopeful about it. “It’s just everything we worked on for two years is now in front of you. It’s very exciting,” said Holly Bell, the Director of Cannabis for the Florida Department of Agriculture. Bell said she could barely contain her excitement looking at all the harvested p
Hemp's potential relies on better regulation, more research, experts say
Business & Finance
Thirty years from now, hemp advocates envision the versatile crop will play a prominent role in the U.S. economy, used regularly in the production of everyday products including food, fiber, fuel, pharmaceuticals and building materials. But getting to that point is not so simple.  Lawmakers must adopt policies to ease the regulatory burden on farme
Illinois collects $205.4M in cannabis taxes
Business & Finance
About $31 million from adult-use cannabis taxes is going to nonprofits in Illinois as part of the Restore, Reinvest and Renew, or the R3 program, and it’s not all going to Chicago. Cannabis sales for January neared $90 million. Since adult-use sales began in January 2020, nearly $757.9 million in cannabis has been sold. The taxes on that can be mor
High-stakes hemp logistics put specialty fleets, willing drivers in demand
Business & Finance
When 1606 Original Hemp ships a load, it crosses the country, from the company’s growing facilities in California to its manufacturing plants in New York, and back again. That means crossing dozens of state lines and navigating just as many hemp transport regulations — an overwhelming prospect. And it's more than 1606 Original Hemp wanted to manage
Japan's hemp business wants to distance itself from image of narcotics
Business & Finance
The announcement that the amount of marijuana in liquid form seized by customs officials in Tokyo in 2020 soared nearly 70 times from the previous year has attracted headlines in a country that still operates a zero-tolerance policy on all forms of narcotics. For Junichi Takayasu, founder of the Hemp Museum, the dramatic media coverage of the figur
Nebraska Farmers Transition from Hops to Hemp
Business & Finance
Annette and Bruce Wiles are spending the snowy winter selling their hops equipment after six years of selling their fragrant flowers in the brewery supply chain. It was a good experience, Annette says now, and the learning curve has helped get them to where they want to be as the 2021 season opens: primed and ready for hemp cultivation. Original li
Vangst Report Sees Cannabis Job Creation Increasing
Business & Finance
Cannabis employment company Vangst recently released its new “Cannabis Industry Salary Guide” and while some news is encouraging, there is still a long way to go for cannabis companies. Original link
Arizona models marijuana cultivation after California dispensaries
Business & Finance
As Arizona learns the ropes of legal, recreational marijuana, California has become the expert for preparing for, and adapting to the spike in customers. Arizona cultivators are going to have to ramp up their marijuana production to keep up while still giving priority to medical patients.   There are now nearly 100 approved recreational licenses in
Majoring in marijuana? That soon could be common as universities adapt to a growth industry.
Business & Finance
Want practical experience growing marijuana, but have no idea how to get a plant? Or just not comfortable growing cannabis at home? Try stinging nettle, which is a plant that’s distantly related to cannabis and has similar growth patterns. That’s just one of many workarounds Dana Milstein had to learn as she developed curriculum for UC Riverside’s
Marijuana Stocks That Could See Gains In February
Business & Finance
Canadian Cannabis Stocks Rally Original link
Arizona Has the Fastest Start to the Adult-Use Cannabis Market
Business & Finance
Arizona voters approved the sales of adult use cannabis back in November and by January some providers were able to begin sales. It was called the Smart and Safe Arizona Act or Prop. 207, and it favored existing medical marijuana license holders. The companies that staked a flag in the state for the medical program were in a great position to quick
This Kentucky Senator is Challenging the Federal THC Limit in Hemp
Business & Finance
Just one day before the U.S. Department of Agriculture (USDA) released its final rule on hemp, Kentucky Senator Adrienne Southworth introduced legislation in the state to increase the allowable amount of tetrahydrocannabinol (THC) in hemp to 1%. While the USDA’s final rule maintains its 0.3% THC limit, Southworth, who assumed office Jan. 1, is hopi
NHA Releases Hemp Action Plan For Biden Administration
Business & Finance
The USA’s National Hemp Association has produced an action plan touching on how hemp can be incorporated into the major climate initiatives identified by the Biden Administration.  The plan, submitted to the White House, USDA and the U.S. Senate Committee on Agriculture, indicates hemp can play an important role in a number of sectors; including tr
Want to Start A CBD Company? Follow These Steps to Improve Your Quality
Business & Finance
Never in my life did I expect to become an entrepreneur. For more than 20 years, I worked as a licensed compounding pharmacist. But in 2013, everything changed. I learned about CBD when I was introduced to it by my friend and talented entrepreneur, Arby Barroso, who struggled with health issues. He thought CBD could help, so I started making simple
Illinois' cannabis licensing lottery ‘complete failure’ says minority access committee co-chair
Business & Finance
Some lawmakers in Illinois are being critical of the governor’s attempt to distribute cannabis dispensary licenses, calling it inequitable. Gov. J.B. Pritzker’s license distribution plan involves a scoring system and lottery that some believe shuts out minorities. State Rep. Sonya Harper, D-Chicago, calls out the system, saying it put minorities at

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