WeedLife News Network

While many in the industry continue to extol the commercial opportunities of the cannabis industry in order to try and turn the dial on government and institutional support, FoxNRTH’s Principal Chris Murray believes in a different approach. By applying a ‘systems approach’, and seeing the industry

Too much supply, not enough demand, plunging prices, a lack of cannabis tourism and more put pressure on marijuana market. The heyday of marijuana sales in Colorado — back in 2020 when recreational and medical sales topped out at a combined $226 million — is a distant memory, as the state’s

Ukrainian-American businessman Lev Parnas and his business partner were arrested in 2019, accused by the US government of funnelling a Russian oligarch’s money into American political campaigns. One recipient of Parnas’ donations -- Florida Governor Ron DeSantis -- has said he was barely an

This month marked the start of the country’s first legal growing season for cannabis. In May 2023, the Moroccan government allowed farmers to begin cultivation of cannabis for the legal market, two years after allowing farming for medical, industrial, and export purposes (1,2). The move was also

ROLLING PRAIRIE - A man who said he was transporting product across the country in a rental car for work was arrested in a small Indiana town after officers discovered the product in question was nearly 300 pounds of marijuana. According to the La Porte County Police, the driver, Luis Dorantes Perez

New survey paints a bleak picture for the traditional pot dealer in legal states. More than half of cannabis consumers in states where weed is legal get their stuff at the store, according to newly released survey data. The survey, which comes via New Frontier Data, found that “52% of current

One activist group is looking to put legalizing medical marijuana on the ballot and this isn't their first attempt. Herbal Wonder LLC employee Zack Thumann says he knows his way around the joint but despite his occupation, he’s not in support of seeing medical cannabis on the ballot. “We support

The principal chief of the Eastern Band of Cherokee Indians says his recent veto of $64 million will affect the tribe’s plans to open a medical marijuana dispensary this summer. Chief Richard Sneed will meet in the next week with tribal officials who run the EBCI’s medical cannabis operation to

Medical cannabis company Cannaponics has raised a record-equalling $5 million – the maximum allowed under Australian law – in an equity crowdfunding campaign via Birchal. The campaign for the West Australian startup lasted just two weeks with 2,771 investors buying in. The only other company to

As the number of cannabis-friendly states across the US has grown, so, too, has the drug's usage among American workers. An annual analysis from Quest Diagnostics medical lab and testing company shows the percentage of general U.S. employees, who tested positive for cannabis in 2022 reached the

Fluence announced an extension of its research partnership with Dutch organization Innexo BV. (Benzinga) Innexo is leveraging Fluence’s VYPR Broad R4 LED solution to support its new Acceleration Platform for Innovation (API) program. API empowers innovative, small-scale companies adjacent to the

Several investors and a Colorado firm are alleging they are victims of a scheme to strip them of funds and ownership stakes in a St. Louis cannabis venture. One of their targets: newly re-elected St. Louis Alderman Bret Narayan. A lawsuit filed Friday in St. Louis County Circuit Court alleges that

CHICAGO - Legally in Illinois, marijuana is supposed to be transported in a vehicle with cameras, GPS, and no rear windows or markings. But illegal deliveries are allegedly happening by those without licenses in minivans and other noncompliant vehicles – with little consequence. In a new lawsuit

LAS VEGAS - Nevada’s Democratic Senators, Catherine Cortez Masto and Jacky Rosen, have both signed onto the federal SAFE Banking Act in an effort to finally overhaul federal banking restrictions on cannabis businesses. The bill had a hearing in the Senate Banking, Housing, and Urban Affairs

More than $1.6 million has been contributed to the Coalition to Regulate Marijuana Like Alcohol's marijuana legalization campaign since 2021, according to campaign finance records. The effort's biggest backer is the Marijuana Policy Project (MPP), a Washington, D.C., legalization advocacy group that

They call it “the Immaculate Conception.” Backers of legalizing recreational marijuana often use that miraculous reference when asked how Minnesotans can grow their own plants as soon as a law takes effect if the seeds needed to do so can’t legally be imported into the state. While 22 states have

No discussion took place on the item before it was voted on at City Council meeting. A new marijuana dispensary in Woodstock could open by the end of this year after the City Council approved a special use permit for one in town at its meeting Tuesday. The approval is not the first that Michigan

A recent DEA presentation discusses current challenges with synthetic CBD and delta-8 THC and the possibility of rescheduling. The Drug Enforcement Administration (DEA) recently announced at the 2023 Supply Chain Conference in Houston, Texas that it will soon unveil new rules regarding synthetic

Google Cloud introduced two new AI-powered tools that hold the potential to revolutionize the drug development process for biotech and pharmaceutical companies. (Benzinga) With the aim of expediting the discovery and advancement of new drugs, these tools, Target and Lead Identification Suite and

A bill to restrict marijuana products with packaging that appeals to children continued to gain traction in the Assembly, with more votes shifting in favor of the bill in recent weeks. Assembly Bill 1207, authored by Assemblywoman Jacqui Irwin (D-Thousand Oaks), would build upon provisions in the