WeedLife News Network
Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Columbia Care Inc. (OTCQX: CCHWF) is buying privately-held Green Leaf Medical, LLC for approximately $240 million with the potential for additional performance-based milestone payments. Columbia will make a payment of $240 million, consisting of a cash payment of $45 million with the balance of $195 million being satisfied by the issuance of 43,9
Up 64% and 34%, respectively, Tilray (NASDAQ:TLRY) and HEXO (NYSE:HEXO) are among the best-performing cannabis stocks in the industry over the past three months. And the momentum seems to be just getting started, as they both have massive upside potential going into 2021. Original link
In 2020, cannabinoid production undoubtedly continued to steal the hemp show. According to a recent survey by market analytics firm Hemp Benchmarks, nearly 90% of growers opted to cultivate hemp either for cannabidiol (CBD) or cannabigerol (CBG). But excitement has been simmering for another segment of the hemp market: hemp fiber. With the potentia
It's been a crazy year on Wall Street. Investors only have eyes for the unrelenting rally in and growth prospects of tech stocks. But they might be overlooking an even greater growth story: marijuana stocks. Though cannabis stocks have been on a wild ride of their own over the last five to seven years, we're beginning to see the first signs of indu
Medical marijuana sales in Arkansas have hit a significant milestone a little more than a year after the first dispensaries in the state began serving customers. Local news outlets in the Natural State reported that medical cannabis sales in Arkansas have officially eclipsed $200 million, with patients purchasing more than 15 tons of product. Orig
U.S. Marijuana Stocks And Current Market Trends Original link
The debate over legalizing marijuana for adult, recreational use in New York has been brewing for the last two years after Democrats took control of the state Legislature, but disagreements on the issue coupled with a global pandemic have kept it out of reach for lawmakers. That could change next year as the Legislature returns to Albany, but Democ
Australia is a legal cannabis market that rarely receives the attention it deserves and is a market that we are bullish on in 2021. In 2019, we noticed a slowdown in interest in the Australian cannabis market as companies started to focus on the opportunity in Latin America. Since then, the Latin American cannabis market has not grown as much a
Tilray and Aphria, two of the biggest marijuana companies in Canada, announced plans to merge on Wednesday and create the world’s largest cannabis outfit. With existing medical and recreational cannabis businesses in Canada and Europe, the new conglomerate is positioning itself to eventually enter the biggest weed market in the world: the U.S. Orig
As 2020 comes to a close, Prohibition Partners' international team of analysts, consultants and thought-leaders have come together to analyse the top trends set to define the cannabis industry in 2021 and beyond. From the impact of Brexit and COVID-19 to the rapidly developing legislation in the US and Latin America, find out what is in store
The bill would raise THC limits from 0.3 per cent to one per cent. Kentucky Senator Rand Paul introduced a bill on Tuesday that could raise the THC limits on industrial hemp in the U.S. from 0.3 per cent to one per cent. In a statement, Paul said conversations with Kentucky hemp farmers and processors informed the Hemp Economic Mobilization Plan (H
The big news this week of course was the announced merger between Aphria and Tilray. Aphria will own over 60% of the combined entity and Irwin Simon, Aphria’s CEO will take on the same role at the new company. However, it will be known as Tilray and use the Tilray symbol. Mind Medicine (MindMed) Inc. (NEO: MMED) (OTCQB: MMEDF) raised C$80 million
Bees Love Cannabis Too! In the American agricultural landscape, industrial hemp, Cannabis sativa (Cannabaceae), is a newly developed and rapidly growing crop. Hemp lacks nectar but, as an exclusively wind-pollinated crop, produces an abundance of pollen in agricultural landscapes during a period of time referred to as floral dearth. Researchers h
2 Top Marijuana Stocks To Add To Next Months Watchlist Original link
California’s booming cannabis industry has been around much longer than many in the United States, and now, the state is on pace to collect as much as $1 billion in taxes from sales made in 2020, a record landmark for the local industry. Original link
From January to the end of September, Nevada's cannabis dispensaries made more than $588 million in sales. That's according to a new report by the Nevada Dispensary Association. The industry group that represents cannabis sellers in Nevada said over last year, they have recorded a 14% increase in sales. In September alone, Nevada dispensaries repor
