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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
The state recorded $365 million in sales in 2019, the first full year, and that number is estimated to grow to $950 million by 2025. So what’s the problem? Original link
Hemp legalization has solidified that products containing cannabidiol (CBD) aren’t going away. Last February, Stephen Hahn, Commissioner of the Food and Drug Administration (FDA), acknowledged that it was “a fool's game” to attempt to pull hemp-derived CBD products off the market. Original link
How This Summer Could Continue to Push the Boundaries of Pot Stock Growth Original link
The first (legal) industrial hemp crop to be planted in the U.S. state of Louisiana in modern times is being severely impacted by a fungal disease. What was one the USA’s hemp holdout states finally jumped on the nation’s industrial hemp revival bandwagon in June last year when Louisiana Governor John Bel Edwards signed off on legislation recognisi
This first successful export of hemp seed from Australia to New Zealand recently occurred under new legislation removing some roadblocks to Australia’s hemp and medicinal cannabis sectors. There wasn’t any further detail on the nature of the export – for example if it was hulled seed, raw seed for food purposes or seed for planting – or the company
While the healthcare sector is fighting to reach the finish line of finding a cure for coronavirus and putting an end to the worldwide misery it causes, cannabis is proving relief to people dealing with this crisis. This has put the cannabis sector in the limelight again -- not only highlighting the medical benefits of marijuana, but also giving an
Tasmanian Institute of Agriculture (TIA) researchers are investigating hemp’s potential as a dual-use crop – sheep fodder as well as seed. The research, led by Dr Beth Penrose, will occur over two years and involve trial sites established at TIA’s Forthside research facility situated on Tasmania’s north-west coast and a commercial property near Cr
Ergonomics and the associated employer requirements to maintain safe workplaces, especially in industries where repetitive motion injuries are common, are at the forefront of modern claim prevention. However, the legal cannabis industry could be especially vulnerable. As a legalization shift sweeps the nation, responsible cannabis growers in Califo
How the Cannabis Industry can Continue to Benefit America Analysts are projecting that the U.S. cannabis industry could add as much as $130 billion into the economy within the next half-decade. This may seem like a lot, but given where marijuana stocks have already taken the market, it begins to make more sense. A new study showed that cannabis sal
It was already an assumption that Canada was going to have a booming, country-wide cannabis market through their legal industry, but now the numbers prove that that assumption is a reality. Retail sales reached $185.9 million Canadian dollars this past May, according to Statistics Canada. Original link
There will be plenty of footsy going on between the United Soccer League (USL) and CBD hemp brand Synchronicity as part of a new four-year sponsorship deal. Functional Remedies, makers of the full-spectrum hemp oil brand, can look forward to seeing the products featured on USL stadium signage, social media channels, website and app network, accordi
Not everyone can invest directly in marijuana stocks. Last year, for example, according to Military.com, Department of Defense employees were warned that investing in marijuana companies could hurt an employee's security clearance. Other private employers, particularly contractors that interact with the federal government, may have similar policies
Cannabis legalization is picking up steam throughout the United States. The industry is already booming, and it’s set to grow over the next decade, prompting investors and entrepreneurs everywhere to jump on the bandwagon to try to cash in. There will certainly be some impressive entrepreneurial and investment opportunities in the near future, but
The gears of automated delivery management were in motion long before the arrival of Uber and other sharing services. Tech behemoths like Amazon had already shattered the glass ceiling on next-day delivery, but their buffet of consumer products was missing many of the smaller markets. Both a product of compliance and payment issues, large corporat
Cannabis sales in Colorado set a new monthly record in May, reaching their highest level since broad legalization in 2014. Dispensaries sold over $192 million worth of cannabis products that month, according to data from the state Department of Revenue’s Marijuana Enforcement Division compiled by The Denver Post. That figure is up about 29% from Ap
Last week, the FDA released a report to Congress on their findings after randomly testing a broad range of CBD brands and products on the market. The findings were shocking: More than half the CBD products tested were inaccurately labeled, in many cases containing significantly more or less CBD than indicated on the packaging. Alarmingly, nearly ha
