WeedLife News Network

A leading exchange-traded fund in the cannabis space will close up shop as investor interest in the legally restricted industry wanes. AdvisorShares, the largest cannabis fund manager, said its Poseidon Dynamic Cannabis ETF will see its final day of trading Aug. 25. The fund will liquidate assets

Chancellor Olaf Scholz's cabinet is due this week to discuss a draft bill that would allow the limited consumption of hashish and marijuana. The plans have been widely criticized as impossible to police. Hundreds of people joined the annual cannabis legalization protest in Germany's capital Berlin

Cannabis legal sales in Michigan in July leaped 6,1% from June to a record $275,7 million, putting cannabis sales in 2023 on a $3 billion run rate. Another impressive stat released Friday by the Cannabis Regulatory Agency is on a day-by-day basis, sales increased by 2.7 percent. Taking a closer look

Disabled Veterans' Lawsuit Delays Cannabis Licenses in New York as Eligibility Criteria Face Legal Scrutiny. Cannabis licenses in New York remain on hold following a lawsuit by four disabled veterans, who claim they should be eligible for the licenses under the law that prioritizes groups impacted

Cannabis is a *budding* industry in the Green Mountain State, bringing in just under $10 million in new revenue to the state so far. Nearly a year in, there are 59 dispensaries in the state and more than 500 other businesses ranging from cultivators, testing labs, manufacturers, and wholesalers.

Minnesota became the 23rd state in the U.S. to allow recreational marijuana on August 1. It's the third of Iowa's neighboring states to allow residents to possess and grow marijuana, following Missouri's constitutional amendment that was passed by voters in November 2022, and the Illinois General

The bill would have created a task force to investigate the pros and cons of a public bank to serve cannabis businesses. Oregon Gov. Tina Kotek recently rejected a bill that would have created a State Public Bank Task Force. The 19-person team would have studied the pros and cons related to a

It was initiated by Auditor Scott Fitzpatrick and began Aug 2 with a meeting with officials at the Department of Health and Senior Services. Missouri Auditor Scott Fitzpatrick has begun an investigation into the state’s marijuana program, vowing to assess whether regulators are operating “in a

Close to $100 million in illegal cannabis was seized during a raid on a massive grow op in Brantford, Ont., last Wednesday. Police say 18 people were arrested in connection with the shutdown at an industrial building on the city’s south end at Mohawk Street near Crandell Avenue. Officials with a

The newly-minted NBA Hall-of-Famer Dwyane Wade just dropped a limited-edition cannabis product with Jeeter, the top-selling preroll brand in the country, to commemorate the occasion. Wade was inducted into the Naismith Memorial Basketball Hall of Fame on Saturday, August 12, 2023. The NBA player

The SPARE Act targets “left-wing celebrities like Prince Harry” who allegedly lie about drug use. Last week, Rep. Greg Steube (R-FL) introduced the Substance and Possession Abuse Restrictions for Entrance (SPARE) Act to ramp up enforcement of visa laws by permanently banning immigrants from the U.S

'Fool's errand for most': Why Vermont hemp farmers label state program 'complete failure'. HARDWICK ― Once upon a time − in 2018 - hemp was going to save Vermont dairy farmers from the vagaries of supply and demand for milk, and the resulting hardship and economic depravation, by providing a

Voters and politicians are reshaping America’s marijuana laws for the better. The possession and use of cannabis is now legal for medical purposes in 38 states and legal for adult recreational use in 23 of those. Unfortunately, antiquated and discriminatory drug testing policies often haven’t kept

High in the heart of it all. Ohio’s status as America’s heartland — and its heavy marijuana users — are giving the cannabis industry hope as a potential vote on legalization approaches this fall. A last-minute push to get enough signatures for a ballot initiative is encouraging lawyers, investors

A New Hampshire bill signed into law last week establishes a new commission to study cannabis legalization, with state-run shops serving as the only retailers of recreational marijuana. New Hampshire Governor Chris Sununu last week signed legislation to create a commission to study legalizing

Is inhaling marijuana smoke safer than inhaling smoke from tobacco? A majority of American adults say yes, according to a new survey, and they also believe there is less harm to adults and children from secondhand marijuana smoke than tobacco smoke. However, those beliefs are just not true, said

This is not your typical farmers market. A showcase market for cannabis growers has opened in New Paltz. And until there is a regular dispensary available locally to sell those products, the showcase market will continue to be open every Thursday, Friday and Saturday under tents in a parking lot

A major problem underlying the cannabis industry’s continuing financial struggles has been overcapacity. In provinces that allow private retailers, there are too many shops competing for too few customers to cover costs. And nationwide, producers have been making more cannabis than the retailers

Under state law the number of dispensaries a person can open in Connecticut is limited to one and in some cases two, but some of the largest cannabis companies in the country are planning top open as many as six retail stores. This has raised questions about the fairness of a legalization initiative

Half of Americans Have Tried Cannabis, with Regular Usage Doubled Since 2013. According to the recent Consumption Habits survey conducted by Gallup, an American analytics and advisory company, half of Americans have tried cannabis at some point in their lives, a behavior that has been steadily