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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Colorado Now Allows Marijuana Ads on Billboards, but Denver Doesn't
Business & Finance
Denver hasn't adopted a new state law allowing marijuana industry billboards in Colorado, but that could change soon. State laws implemented in January let marijuana companies advertise outdoors using billboards, but as with many new pot freedoms, local jurisdictions have to opt in first. And so far, Denver hasn't. Colorado’s current marijuana adve
Cannabis and a Pandemic: What’s Going On?
Business & Finance
In states across America where cannabis is legal, dispensaries and pot boutiques have been deemed essential during the COVID-19 pandemic. It’s a decision that may have baffled those who don’t partake but it made perfect sense, from a public health perspective. Original link
Did this cannabis site expose the records of more than a million users?
Business & Finance
The passwords and private information of 1.4 million users in an online cannabis growing and journaling platform may have been exposed. So alleges Volodymyr “Bob” Diachenko, an independent cybersecurity consultant, who posted a blog about his findings on LinkedIn. Original link
10 Best Places To Start A Cannabis Business in the U.S.
Business & Finance
Starting a cannabis business in the US takes a lot of planning, effort, and patience. However, it’s doable if you choose the best US state for such a business. According to some of the most recent statistics, the cannabis industry is among the fastest-growing industries globally. Therefore, it’s a perfect time to start this type of business. Origin
Illinois crosses $100 million threshold in monthly marijuana sales as election victories pave way for more growth
Business & Finance
There was no blue wave or red wave during Election Day, but the green wave rolled on for cannabis as voters expanded recreational use to more locations just days after the industry’s most lucrative month yet in Illinois. Illinois adult-use cannabis dispensaries generated a record $75 million in sales during October, up nearly $8 million from the pr
'There's a lot of money to be made': Nebraska border town ponders recreational marijuana
Business & Finance
It wasn't long Wednesday morning before Don Lantis had fielded three phone calls from people wanting to go into the marijuana dispensary business with him. Lantis, the grand old man of fireworks in North Sioux City, is personally not fond of marijuana and has never used it. (He prefaced this several times by noting, "I'm 79 years old.") But it's im
Cannabis execs cheer 'green landslide' of votes for legal pot
Business & Finance
Despite all the uncertainty surrounding the U.S. election, there’s a clear victor already: domestic cannabis companies. Leaders across the industry cheered after marijuana measures passed in all five states that had them on the ballot Tuesday -- even in deeply red parts of the country. The results buoyed the biggest U.S.-based players in the market
California's New Cannabis Terroir Laws Are A Major Win For Legacy Growers
Business & Finance
California's most iconic cannabis cultivation zones and its local outdoor growers recently received a boost to their business when Gov. Gavin Newsom signed SB 67 into law on Sept. 30. The regulation amends Section 26063 of the Business and Professions Code while enacting a new terroir-based appellation for origin-specific products and its use of th
San Francisco to give cannabis industry a one-year tax break
Business & Finance
San Francisco’s cannabis industry is expected to hang on to a bit more green next year due to a tax break that is likely to pass next week. Supervisor Rafael Mandelman has proposed the one-year tax reprieve, delaying the implementation of the cannabis tax approved by voters in November 2018. The estimated tax break and revenue loss to The City is $
Oregon Cannabis Dispensary Sales: What We Are Seeing On Valuation
Business & Finance
The Oregon secondary market for cannabis licenses and businesses remains lively. We have been helping industry buy and sell these businesses since 2016. This post is mostly about pricing for retail plays, which is still an evolving standard, but a standard nonetheless. First, some context. Original link
Starting a Marijuana Seed Business: What You Need to Know
Business & Finance
With marijuana and cannabis use rising rapidly nowadays, it is easy to see why more and more people are wanting to jump on the bandwagon and start their own marijuana seed business. If run and managed well, a marijuana seed business can be a lucrative market to be a part of and can offer a huge number of benefits for both customers and the business
3 Pot Stocks to Watch for November 2020
Business & Finance
Why These Marijuana Stocks Are Still On Top Original link
Mexico's Cannabis Legalization Addresses Several National Woes, While Creating Opportunity
Business & Finance
After several extended deadline extensions, Mexican lawmakers seem on course to legalize adult-use cannabis in the coming weeks. The most recent indication comes from MORENA Senate majority leader Ricardo Monreal, who says the bill would pass by the end of October and before the Dec. 15 deadline. Projections expect Mexico to be the most lucrative l
Uruguay Passed New Decree That Could Make it a Cannabis Logistics Epicenter
Business & Finance
Uruguay has been making tremendous strides in international cannabis distribution. The country’s buds have already made it all the way to Germany.  But a recently approved decree has the potential to propel Uruguay to the forefront of cannabis logistical endeavors. Other countries can now ship cannabis products to Uruguay. While in the country, the
Getting Started with a Hemp Operation
Business & Finance
Growing hemp was outlawed in 1970, but since the California Hemp Farming Act was signed into law and became effective on January 1, 2017, hemp is again a legal crop. Still, not just anyone can throw their hat in the ring to legally grow hemp. There is a somewhat involved registration process to wade through first, as well as rules and regulations f
Mass. retailers pass $1 billion in cannabis sales
Business & Finance
Four years to the day after Massachusetts legalized recreational marijuana, the state announced that cannabis businesses across the state have surpassed $1 billion in non-medical cannabis sales.  According to the Cannabis Control Commission, 80 Massachusetts marijuana retailers, as of Oct. 30, reported $1,000,521,905 in sales since stores opened in

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