WeedLife News Network

Cannabis is legal in a majority of states but remains illegal at the federal level. This legislative divide creates uncertainties that dissuade most federally regulated banks from servicing the cannabis industry. With banking providers in short supply, cannabis businesses are struggling to earn and maintain the same access to financial services as

Cannabis and its derivative products are all the rage right now. State after state legalizes its recreational use and dispensaries all over the country are making loads of money. The medicinal aspects of the plant are also heavily taken advantage of by big pharmaceutical companies, with new, branded drugs being released with cannabis as their prima

The U.S. Hemp Industries Association (HIA) has appointed two new members to its board of directors. HIA named Tim Gordon, Chief Science Officer at CBD maker Functional Remedies, and Todd Runestad, an editor at the New Hope Network & Natural Products Insider website, to board positions, the Association announced in a press release. “The addition of

Since the beginning of the year, marijuana companies have seen dramatic declines due to concerns regarding oversupply in Canada and the uncertainty of legalization in the U.S. Year to date as of June 28, the ETFMG Alternative Harvest ETF (NYSEMKT:MJ), an exchange-traded fund tracking the performance of pot stocks, has declined by more than 25%. Dur

The hemp industry prides itself on being more sustainable, but behind that image there’s still waste and room for improvement. In theory, farming hemp should not be considered damaging to the earth at all. In fact, hemp can be regenerative to the soil on which it’s farmed. Yet due to the dramatic consumer demand that companies are rushing to meet,

Jamaica has a very long history with the cannabis plant. Cannabis is a big part of the culture in Jamaica, is used for religious purposes throughout the country, and grows very well there. Some of the best cannabis on the planet is cultivated in Jamaica, and the island nation is home to an emerging medical cannabis industry. Adult-use cannabis rema

It's been almost two years since Canada legalized cannabis and pot producers have spent millions of dollars marketing their wares in the hope that consumers would know their Tweeds from their Trailblazers.  Most of that money may have been completely wasted, according to a new survey that looks at how well Canadians can identify some of the brands

Cannabis stocks have lost about a quarter of their value in the first half of 2020, compounding a 50 per cent drop in 2019. The upside for investors? There’s never been a better time to do distressed deals, according to Codie Sanchez, managing director at private equity firm Entourage Effect Capital LLC. Liquidity in the sector has been diminishing

SovereignPort CEO Sarah Roberts Yetman speaks to MCN about the future of the global CBD market and fears over the long term impact of COVID-19. Original link

Believe it or not, we're nearly halfway through 2020. It's been a rough year so far for many marijuana stocks, although a few have fared much better than others. I expect that the overall cannabis industry will gain some momentum over the next six months. If I'm right, that should be good news for the stocks of leading cannabis companies. But what'

Stephen J Wyatt, founder and CEO of Hemp Futures, based in Estonia, tells MCN about the importance of customer engagement and accountability. Estonia-based CBD producer Hemp Futures was founded in 2019 with the goal of creating ‘clean, green and organic’ products; and operates across more than 68 hectares of certified organic land. “Estonia is a hi

We’ve all seen social media accounts get shut down left and right in the cannabis industry, especially on Instagram. It’s been happening for years, and brands are often left frustrated and scrambling to appeal or get a new account up quickly. When your Instagram account is taken down, the first thing you need to do is file an appeal. If you haven’t

After a lot of community blowback about not being inclusive enough and a failed attempt at social equity last year, The Los Angeles City Council may adopt new cannabis licensing and social equity plans that would overhaul the existing licensing system.  Original link

n today's rapidly changing economy, there is a lot of discussion about best practices to successfully emerge from the initial impact of the recent COVID-19 crisis. Original link

Aurora Cannabis Inc. announced Tuesday it is closing five of its production facilities and laying off about 700 workers as the pot giant continues restructuring its operations in a bid to achieve profitability.  The Edmonton-based cannabis producer said in a statement it is closing five smaller-scale facilities in Quebec, Saskatchewan and Alberta t

Canopy Growth Corp. is doubling down on its cannabis-infused vapes and drinks, as well as upcoming U.S. CBD products, while continuing to cut costs as it looks to rebuild investors’ trust. The world’s biggest pot company discussed plans to address its sagging market share in the Canadian recreational market as well as its strategy for the U.S. cann