WeedLife News Network

New York’s Cannabis Market Could Top Sales of $6bn by 2027 Image Cannabis NewsNovember 5, 2024 New York’s legal cannabis market could see annual sales top $6bn within two years, according to new analysis from Whitney Economics. In a new whitepaper, published by the leading cannabis business consultancy, Whitney Economics reports that the state’s ca

Judge rules law that shut down thousands of cannabis shops across New York City unconstitutional Image Cannabis NewsOctober 31, 2024 A Queens judge ruled Tuesday that the local law that let New York City rapidly shut down more than 1,000 businesses accused of selling cannabis without licenses is unconstitutional because it denies shop owners their

Cannabis And Professional Pickleball In First-Ever Sponsorship Deal Image Cannabis NewsOctober 31, 2024 Trulieve Cannabis Corp. inks first cannabis sponsorship with professional pickleball leagues. Trulieve Cannabis Corp. (TCNNF) recently made history as the first official cannabis sponsor of professional pickleball. In August, the company announce

Dramatic Drop in Marijuana Use Among U.S. Youth Over a Decade Image Cannabis NewsOctober 29, 2024 Marijuana has emerged as one of the most commonly used illicit substances among adolescents in the United States. Given the rising number of states legalizing recreational marijuana for adults and the decreasing perception of risk among adolescents, tr

A new buzz: Cannabis-infused beverages offer a new high for consumers Image Cannabis NewsOctober 28, 2024 Now that recreational marijuana is legal in Ohio, the canna-curious have questions about the wide range of products available. Edibles, gummies and cannabis flower may grab more attention, but marijuana-infused beverages are another option for

NY attorney general secures $9.5 million judgment against Canandaigua cannabis shop owner Image Cannabis NewsOctober 25, 2024 A local cannabis shop has been hit with a $9.5 million judgment from New York Attorney General Letitia James, who said the shop sold cannabis without a license and ignored notices to cease operations. George West operated Ja

Delta-8 hemp and Texas medical marijuana industries to face off in the upcoming legislative session Image Cannabis NewsOctober 24, 2024 Jack Stinnett got life-changing news in 2020 when he learned the lump that appeared on the side of his neck was tongue and mouth cancer. He and his wife Karen quickly enrolled him at MD Anderson Cancer Center in Ho

Accounting group pushes for clarity as questions around cannabis tax rules mount Image Cannabis NewsOctober 24, 2024 The Supreme Court's Chevron decision introduces a fresh aspect to demands for a definitive transition framework. The IRS is under growing pressure to clarify cannabis tax regulations, as a significant Supreme Court ruling threatens t

Female Cannabis Consumers Outspend Men: How Tilray And High Tide Are Responding Image Cannabis NewsOctober 23, 2024 The U.S. cannabis industry, valued at $30 billion, is experiencing a notable change: young women are now consuming more cannabis than men for the first time. This trend is causing companies to reevaluate their product offerings and ma

Long Beach considers permit to allow cannabis consumption in public events Image Cannabis NewsOctober 23, 2024 Long Beach native Snoop Dogg just turned 53 on Oct. 20, but if the Long Beach City Council moves fast enough, he’ll be able to celebrate No. 54 by smoking a blunt in public legally. “In 2019, we started this conversation with the city and

Arizona Cannabis Market Faces Decline In Sales Though Valuations Remain Strong Image Cannabis NewsOctober 22, 2024 After posting record sales in February and March, Arizona has seen a marked decline in both medical marijuana and adult-use cannabis sales. Arizona’s cannabis market, once hailed as a rising star in the industry, is now grappling with

New licenses drive growth of Costa Rican hemp sector Image Cannabis NewsOctober 21, 2024 The Ministry of Agriculture and Livestock (MAG) has issued 57 licenses for the cultivation and production of hemp derivatives. The first license was granted on November 8, 2022, and the last one on September 3, 2024. These licenses are valid for six years. Acco

Canadian cannabis laws show six years of evolution Image Cannabis NewsOctober 18, 2024 No one expected Canada’s cannabis laws to be perfect from the get-go. When Canada legalized cannabis for adult use six years ago this week, politicians built in a timeline that ensured that it would be a work in progress. Edibles and drinks were not made legal un

Connecticut cannabis sales take 12 percent hit in September Image Cannabis NewsOctober 17, 2024 Cannabis sales in Connecticut took a 12 percent hit in September from the previous month, according to state data. A decrease in the average price per gram and in the total number of cannabis products sold in Connecticut pushed total sales down 12.3 perc

CBD Skincare Market Expected To Experience Tremendous Growth Image Cannabis NewsOctober 16, 2024 The overall cannabidiol (CBD) industry has experienced significant growth in recent years due to regulatory reforms and increased demand by consumers and patients. One sector that is witnessing the most growth is the CBD skincare market, which is projec

Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes Image Cannabis NewsOctober 15, 2024 On a quarter-to-date (QTD) basis, sales reached $245 million for July and August, up 5%. According to a recent report from Beacon Securities, cannabis sales in Colorado and Connecticut are showing mixed results, reflecting both growth and chal