WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.
Drive-through medicinal marijuana dispensary now open
Business & Finance
On Monday, Compassionate Care by Design opened the first drive-thru medical marijuana dispensary in Southwest Michigan. Drivers could pull into the location off Stadium Drive to pick up their marijuana prescription, just like picking up a prescription at a drive-thru pharmacy, said store manager Vanessa McKenzie. McKenzie said this concept is to pr
Cannabis Companies Are Eligible For These Coronavirus Federal Payroll Tax Credits
Business & Finance
Relief appears to be available for cannabis companies The cannabis industry rarely looks to the federal government for support. Yet the raft of fiscal relief addressing COVID-19 has caused some in the industry to wonder what options, if any, might be available for them. Original link
Market research firm predicts global cannabis sales to reach $20.4 billion this year
Business & Finance
Global cannabis sales are expected to surge 38% to $20.4 billion this year despite the coronavirus-induced recession, according to new research from Arcview Group.  The market research company released the 8th edition of its The State of Legal Cannabis Markets report this week, which also predicted sales will climb to a whopping $46.8 billion in 20
Hemp Went Up Then It Went Down: What’s Next?
Business & Finance
When hemp and cannabidiol (CBD) finally hit the stock market – after decades of nationwide prohibition – many investors saw an opportunity. However, in 2019, much of the optimism behind hemp’s stock jump came tumbling down – namely due to an overabundance in products and lack of demand for this quantity. So, where can we expect the hemp stocks into
Why Does California Still Have a Black Market for Cannabis?
Business & Finance
California was the first state to pass legislation for medical marijuana, and it was among the first to generate a legal adult-use weed industry. After just two years of operation, the recreational dispensaries have generated over $1 billion in tax revenue, which has gone to fund childcare and anti-drug programs for the state’s youth, environmental
Two Marijuana Stocks That Are Showing Consistent Gains
Business & Finance
The months of May and June have already shown a great amount of positive gains for many leading marijuana stocks. As we continue to traverse into the summer, it looks like these cannabis stock gains are becoming more and more consistent. There are several reasons as to why the cannabis industry is showing so much upward propensity right now. For on
Washington May Redefine What It Means To Own A Marijuana Business
Business & Finance
On May 20, 2020, the Washington State Liquor and Cannabis Board (LCB) held a virtual listen and learn forum on  Original link
Mike Tyson to Open Tyson’s Ranch Under Antigua’s New Cannabis Regulation
Business & Finance
Mike Tyson is known as an eccentric guy. From youngest heavyweight boxing champion, to the guy who bit another guy’s ear off, to pro-wrestler, to author… Tyson has most recently styled himself as a businessman and an entrepreneur in the field of cannabis tourism. With the help of new regulation legalizing cannabis use in Antigua, Tyson is looking t
Oregon sees record breaking $89 million in marijuana sales in April - Cannabis News
Business & Finance
For the second-straight month, Oregon broke sales records for legal marijuana.
Cannabis employees are in high demand during economic crash - Cannabis News
Business & Finance
Coronavirus hasn’t kept some cannabis companies down: They’re staffing up even as unemployment in many other sectors soars.
Oklahoma cannabis industry smashes record monthly sales number in April - Cannabis News
Business & Finance
Roll aside, toilet paper. Oklahomans rushed to purchase another product in record volume last month, as medical marijuana dispensaries logged enough sales to spike tax collections by more than 25%.
Illinois recreational pot sales top $37 million in April - Cannabis News
Business & Finance
As Illinois’ economy has come to a screeching halt in the wake of the COVID-19 crisis, recreational weed has remained a hot commodity with sales topping $37 million last month.
Report: Infused Beverages Market Expected to Hit $2.8 Billion by 2025 - Cannabis News
Business & Finance
Non-alcoholic CBD-infused beverages are the fastest-growing segment of the "drinkables" market, largely driven by the growing demand for wellness products as a replacement for soft drinks and alcohol.
High Times owner scores 13 California marijuana dispensaries - Cannabis News
Business & Finance
The owner of High Times is going to start selling marijuana after championing its use in the pages of its magazine for nearly half a century.
Pandemic puts launch of Maine’s recreational marijuana market on hold - Cannabis News
Business & Finance
Maine's marijuana czar says launching the adult-use industry by June is 'simply unrealistic.'
Illinois cannabis sales hit nearly $36 million in March - Cannabis News
Business & Finance
According to the Illinois Department of Financial and Professional Regulation, adult-use cannabis sales hit $35,902,543.22 in March.

WeedLife.com