WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.

2 Undervalued Marijuana Stocks To Watch In July

2 Marijuana Stocks To Watch This Friday With Hidden Value

When looking for marijuana stocks to buy often times people look for the top companies only. This is typically done due to the value and popularity of the given cannabis stock. Most times investors try to invest in what is currently popping or bubbling in the market. With cannabis stocks trading in a volatile sector at times can be more beneficial to stick with top cannabis companies.

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4 Reasons Why States Shouldn't Ban Delta-8 THC

Delta-8 THC, a naturally occurring cannabinoid found in the hemp plant, is both the hottest new product in the cannabis space and the industry’s latest bogeyman.

Every day, there’s a new article expressing alarm about Delta-8’s legality, accusing those who produce and sell it of risking consumer safety. More than 15 states have actually banned Delta-8 outright—but what's most shocking about these bans is that they are supported by so many hemp and cannabis business leaders.

I am a 13-year veteran of the hemp and cannabis space, and I also manufacture Delta-8 products. I can assure you that I and many other ethical operators care deeply about consumer safety, and want these products to be studied, tested, and regulated. So I’m asking my industry colleagues to stop fueling the Delta-8 panic. I believe Delta-8 serves a genuine need, and the demand for it has been a much-needed boost to the struggling hemp industry.

Banning Delta-8 won’t protect public safety. Our industry should know better than any other that prohibition never works. It creates illegal markets, strengthens unethical operators, and endangers consumers. We can do better.

Delta-8 has people up in arms

Delta-8’s controversy stems from its strong similarity to its federally illegal cousin, Delta-9-tetrahydrocannabinol, commonly known as Delta 9-THC or just THC. Though THC’s psychoactive properties often steal focus from its many important medical applications, it’s best-known as the compound in cannabis that gets consumers high. While Delta 8 occurs naturally in hemp and cannabis, it can be sourced far more easily from hemp CBD isolate. Delta-8-THC’s molecular structure differs just slightly from Delta-9-THC—but it is a crucial difference, both legally and in terms of its effects on consumers. 

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Cannabis Sales Are Booming In Illinois

In May, cannabis sales in the state hit $116 million, which is $1.5 million higher than in April.

One might wonder if lawmakers in Illinois had any idea just how much recreational cannabis sales would bring into the state’s coffers when, less than two years ago, they decided to legalize it. They probably had some idea, seeing that the state ended the previous fiscal year with more than $317 million in cannabis taxes, according to 23 WIFR.

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The Need for Accountants in the Cannabis Industry

How fast the cannabis industry is growing is astounding.

It’s managed to thrive through the COVID-19 pandemic, one of the most challenging times in our country’s history.

As a result, business owners are readying themselves for a prosperous future. 

But a flourishing cannabis business is highly dependent on having the right people overseeing different aspects of the company.

Specifically, it’s integral you enlist the support of a financial professional to ensure your company finances are on the right track.

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Illinois weed sales remain strong at near-record $116 million in June

Recreational marijuana sales remain strong in Illinois, with a near-record $115.6 million in sales for June.

The totals, reported Thursday by the Illinois Department of Financial and Professional Regulation, are down slightly from the record $116.4 million worth of recreational cannabis products sold at dispensaries statewide in May. But Illinois remains on a prodigious pace in its second year of legal recreational weed sales.

The state has generated $626 million in recreational cannabis sales over six months — nearly equaling its total for all of 2020.

In June, Illinois’ 110 dispensaries sold more than 2.5 million recreational weed products, with in-state residents spending about $79 million and out-of-state customers accounting for more than $36 million, according to the state.

Illinois has yet to release medical marijuana sales for June.

Ami Schneider rings up purchases for a customer at Enlightened Schaumburg dispensary, May 3, 2021.

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New Cannabis Studies Provide Good News For Multiple Sclerosis Patients

Multiple sclerosis is both a neurological disease (affecting the nerves) and an autoimmune disease (affecting the immune system).

Common symptoms of multiple sclerosis include, but are not limited to: fatigue, pain, vision loss, and degrading coordination.

Symptoms of the condition and the severity and duration involved vary from patient to patient. Some multiple sclerosis patients experience mild symptoms and many, sadly, experience extreme symptoms and are completely debilitated.

It is estimated that nearly 3 million people suffer from multiple sclerosis worldwide. Fortunately for those patients, a set of studies have found that cannabis may help.

Improved Bladder Symptoms

One symptom of multiple sclerosis that is particularly problematic is bladder disorder. As many as 80% of multiple sclerosis patients experience bladder disorder.

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NIHC Publishes U.S Hemp Industry Update

North America’s National Industrial Hemp Council (NIHC) estimates U.S. exports of hemp and hemp-derived products topped $1.8 billion in 2020, up from $310 million in 2019.

It was a pretty solid result given pandemic related challenges, reduced acreage and some ongoing regulatory uncertainty.  The organisation estimates global trade in industrial hemp and derived products was worth over $8.1 billion in 2020 – so the USA had a significant chunk of the pie.

NIHC Chief Economist Beau Whitney says licensed acreage in the USA totalled 495,787 acres in 2020; down from 511,442 acres in 2019 – but this was still nearly four times the acres licensed in 2018.  While licensed acreage was down, the number of licensed growers exceeded 21,000; up more than 27% from 16,877 licensed growers in 2019.

Industrial hemp for seed (grain) production looks set to see major growth. Currently accounting for approximately 15 percent of acreage, the organisation says industry forecasts are that seed demand will continue to strengthen and will represent 65 percent of production acreage by 2030.

As for hemp for cannabidiol and other cannabinoids, that is put at 82% of acreage as at last year and forecast to plummet to just 2.8% in 2030. In terms of hemp fiber, 2020’s acreage allocation was estimated at 5% and will grow to 31.4% in 2030.

So, it appears cannabidiol/cannabinoids will go from being the star attraction to bit player in a reasonably short space of time.

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Why Does Marijuana Have Different Colors?

Once you start to get involved with marijuana, you start to learn that there’s much more to the plant than smoking it and getting high. Experienced users know what they like and know how to get different results with the plant, depending on different factors like chosen strain, terpenes and knowing what works with their bodies.

All the colors of the rainbow (almost)

While marijuana is primarily green, there are many different shades ranging from lime colored buds to bright purple ones. Where do these come from and why is there so much variability? Plants have thousands of compounds that affect their shape and color. Temperature, time of harvest and other factors are big influences on the plant’s color.

Most plants are green due to chlorophyll, the main compound responsible for absorbing sunlight and completing the photosynthesis process. The cannabis plant falls under this spectrum. Strains that have dark shades, such as purple, red, blues and pinks are generally high in anthocyanins, a compound that appears once the plant matures. These types of plants are more likely to have stronger smells and are also very eye catching, which is why they’re so popular, particularly the purple ones.

Colors like orange and yellow are produced by carotenoids, which are present in vegetables like squash, sweet potatoes and pumpkins. These chemicals tend to appear in plants that grew in alkaline soils.

Do different colors have different effects?

While the colors in marijuana make for more attractive plants on a visual level, perhaps influencing the way in which they smell or feel, the drug’s effects aren’t generally altered.

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Illinois is about to get its first marijuana lounge — and it's not in Chicago or the suburbs

For the first time in Illinois, cannabis smokers will be able to legally light up in public Saturday in a lounge specifically built for that purpose.

There have been discussions in Chicago and elsewhere in the state about opening consumption spaces, but the first will be in the tiny downstate city of Sesser, in a remodeled former bank.

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Cannabis-Growing Gathers Momentum in Zimbabwe

Zimbabwe recently scrapped rules requiring sole state ownership for cannabis farming to encourage investment in the plant for industrial and medicinal uses. Zimbabwe is Africa's largest tobacco producer, but authorities expect hemp export earnings to start replacing tobacco as farmers seek higher earnings from the crop.

Farmer Jesper Kirk has been growing mainly tobacco since he moved to a 250-hectare farm five years ago. He now plans to increase his hectarage of hemp, a type of cannabis plant that has very low levels of THC — the intoxicating substance in marijuana — when the growing season begins in a few months.

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Cannabis uses a similar amount of water per acre as other agricultural crops in California: Researchers

The University of California Berkley Cannabis Research Center has been studying water use on cannabis farms since 2017.

The work has relied mostly on water use reports from farmers enrolled in California’s cannabis cultivation program, as well as anonymous farmer surveys.

 
 
 

And while the data surrounding cannabis use, especially on nonpermitted grows, remains limited, the Cannabis Research Center is beginning to form a better understanding of how outdoor cultivation impacts local environments.

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Industrial hemp faces challenges in Texas

Industrial hemp acres in Texas were expected to rocket after legalization, but the crop has yet to take off in a state that presents many challenges to it as a profitable commodity, according to a Texas A&M AgriLife Extension Service expert.

Growing hemp in Texas has been a challenge as scientists and the industry seek varieties and management practices suitable for the state’s growing conditions. (Texas A&M AgriLife photo by Kay Ledbetter)

Hemp plant

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The New York Cannabis Market Will Shape the Future of the Industry

As goes New York goes, so goes the world.

A few months ago, Governor Andrew Cuomo signed New York's Senate Bill S854A, the Marijuana Regulation and Taxation Act (MRTA), legalizing adult-use cannabis in New York. Despite having just passed, the MRTA has already positioned New York at the center of the legal cannabis movement. 

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Drug-Sniffing K9s Get Canned Following Legalization in New Mexico

Numerous police departments in New Mexico are the latest to lament the retirement of dogs that cannot make the distinction between cannabis—now legal in many states—and illegal drugs. The ramifications of using K9s to sniff out cannabis poses serious legal problems.

On June 29, the Tucumcari Police Department posted a long “eulogy” on Facebook announcing the retirement of Aries, the latest drug-sniffing dog to be retired—blaming the legalization of adult-use cannabis.

“We would like to take a moment to congratulate K9 Aries on his retirement effective today, June 29, 2021,” they wrote. “With the legalization of recreational marijuana, K9 Aries is unable to continue his function as a narcotics detection dog.”

Last May, KOB 4 Investigates featured a piece on how the Farmington Police Department planned to retire all its drug-sniffing dogs. Why? Because using the dogs would legally destroy efforts to establish probable cause.  

“Now marijuana is legal—if the dog alerts on it, and we got a search warrant, we’d be violating somebody’s rights. So that meant the easiest, simplest thing was to just stop using those dogs for that purpose,” said Farmington Police Chief Steve Hebbe.

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Amsterdam City Leaders Now Discourage Cannabis Tourism

City leaders in Amsterdam are considering ways to reinvent travel to the Dutch capital as pandemic restrictions ease, with plans to emphasize the city’s cultural amenities while playing down its reputation for partying, sex, and cannabis tourism. Dutch officials began easing restrictions in April, leading to a gradual return of the tourists who were responsible for approximately 10 percent of the Amsterdam economy before the coronavirus outbreak.

Officials in Amsterdam temporarily shut down the city’s famed “coffee shops” that sell marijuana in March 2020 as the COVID-19 pandemic swept across Europe, allowing them to reopen to provide take-out service only as lockdowns continued. Travel restrictions caused tourism in the city, much of which is centered on Amsterdam’s bars, coffee shops, and famous Red Light District, to plummet.

But as tourism begins to revive, city leaders would like to welcome more visitors interested in Amsterdam’s art museums, history, and other cultural attractions while discouraging hard-partying tourists who negatively impact the quality of life for residents. Unlike many other popular tourist destinations, tourism is only part of the city’s economy. Ninety percent of Amsterdam’s economy is derived from industries other than tourism, giving the city options to plan for the sector’s resurgence.

“Amsterdam is in a lucky position where it could really use the pandemic to try some new things,” said, adding, “This is the time to experiment.”

Last month, Amsterdam’s City Hall launched a publicity campaign with a price tag of €100,000 (about $118,000) to encourage visitors interested in the city’s food, art, and nature instead of those looking for sex, alcohol, and cannabis.

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Delta-8 THC is legal in many states, but some want to ban it

Nickolas Jarosh started smoking marijuana after his shifts as a 911 dispatcher. He’d flip between working days and nights, and the inconsistent schedule made it difficult to fall asleep. Tetrahydrocannabinol, or THC, the psychoactive ingredient in marijuana, helped, he said.

Jarosh, 29, who now lives outside Houston, no longer works a job that forces him to keep inconsistent hours. He also no longer has access to marijuana, which he said had also been helping to ease his anxiety and depression.

 

But four months ago, he found a substitute: a federally legal form of the psychoactive compound called delta-8 THC. Now, he orders it from a company in Boston that works it into gummies, chocolates and vape cartridges.



 

“Delta-8 makes a huge difference in being able to relax, clear my mind and get to sleep. I wake up feeling more rested,” said Jarosh, who has also tried cannabidiol, or CBD, products, which he said help a little, but not enough.


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Why Curing Cannabis Is Critical to Plant Quality

A proper curing process is a key to producing a smooth, flavorful smoke representative of the most delicate buds. A recent blog post from Growlink outlines what curing cannabis is, and how to do it.

What Is Curing Cannabis?

Curing is a process that involves aging/drying harvested plant material to fine-tune the moisture content and allow for the decay of sugars and chlorophyll before consumption. Many plants are cured, such as cannabis, hemp, sagebrush, bay leaves, tea leaves, and tobacco.

In cannabis cultivation specifically, the curing process creates a cleaner, smoother smoke, and enhanced flavor. It ensures the bud has a moisture level that doesn’t allow mold and other pathogens to thrive as long as it’s done correctly.

Benefits to Properly Curing Cannabis

Every vegetable requires a different curing process for the best outcome. Regardless of the process, the goal is the same: to protect the product while retaining robust flavors, nutrients, and, in the case of cannabis, cannabinoids.

Proper curing ends the degradation process before active compounds like terpenes and cannabinoids evaporate or transform.

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Everything You Need to Know About CBD Hemp Chocolate

In this century, there are so many ways you can consume CBD and CBD Hemp. CBD can address anxiety, insomnia and aid in different types of chronic pain. Due to its benefits, people have looked for different ways to consume CBD, and chocolate is one.

Today, we will talk about everything you need to know about CBD hemp chocolate so you can feel comfortable. Then, if you are looking to purchase some, you can visit Dr. Watson to find the product for you!

Common questions about CBD Hemp Chocolate

Every chocolate product is sold differently, so keep an eye out when purchasing. You can find different flavors with different dosages of CBD Hemp. We will discuss some of the common questions about Hemp CBD in chocolate to help you decide on your purchase.

What is CBD Hemp?

CBD stands for cannabidiol. It is the second active ingredient of cannabis (marijuana). CBD comes from the hemp plant, which is considered a cousin to the marijuana plant.

Hemp CBD contains the same benefits as CBD, except – Hemp CBD contains less THC and more CBD.

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What No One Tells You About Hemp Bioplastics

One of the most significant dangers to our wildlife, environment, and global climate is something nearly every person on Earth uses every single day: plastic (single-use plastic in particular).

It is devastating oceans and waterways, covering land and beaches, and filling landfills at a staggering rate.

This is not a problem we will be able to outrun.

Thankfully, there are cannabis companies across the globe dedicated to developing hemp-based solutions to our plastic problem.

Scientists are using hemp to create biodegradable plastics, called bioplastics, that are harmless to the environment and degrade in just a fraction of the time of standard single-use plastic.

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Could hemp be an ecological wonder-plant for UK farming?

Industrial hemp could be a valuable tool for UK farming, helping to transition to more sustainable practices and provide a new cash crop, according to a farmer group.

To investigate hemp’s potential further, five farmers are collaborating with researchers at Cranfield University and the British Hemp Alliance as part of an Innovative Farmers programme by the Soil Association.

They plan to run on-farm field trials to gather science-based data about the plant’s environmental benefits.

Long stigmatised for being part of the Cannabis family (hemp varieties are low THC Cannabis Stiva L, and not used in narcotics), hemp does not require agro-chemicals.

And there is growing international evidence that it can boost biodiversity, control pests, improve soils, and sequester carbon, say researchers.

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