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

Cannabis conundrum: Legal doesn’t mean clean; illicit isn’t always dirty

Cannabis conundrum: Legal doesn’t mean clean; illicit isn’t always dirty

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Cannabis NewsDecember 19, 2024

California cannabis regulators and industry defenders argue that despite the proliferation of pesticides found in legal weed, licensed products are still safer and purer than those sold on the underground market. That isn’t always true, according to an analysis of tests conducted by The Times. Of 16

Marijuana Business News

Hemp Industry Leaders - Illinois Healthy Alternatives Association - Applaud Pritzker & Legislators for Wanting to Protect Children

Hemp Industry Leaders - Illinois Healthy Alternatives Association - Applaud Pritzker & Legislators for Wanting to Protect Children

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Cannabis NewsDecember 17, 2024

Illinois Healthy Alternatives Association (ILHAA) commends Governor Pritzker and State Legislators for wanting to protect children and consumers, but they caution that the current proposed legislation falls short and jeopardizes small businesses. Illinois Healthy Alternatives Association calls for

Marijuana Business News

After a prohibition rush, marijuana businesses find fewer possible locations

After a prohibition rush, marijuana businesses find fewer possible locations

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Cannabis NewsDecember 16, 2024

As Delaware moves forward with issuing recreational marijuana business licenses, many municipalities are establishing their restrictions on where these businesses can open, leaving uncertainty around where licensees will be able to operate. In 2023, the state legalized recreational cannabis and

Marijuana Business News

Texas Senate seeks to ban THC. San Antonio shop owner says it's deadly.

Texas Senate seeks to ban THC. San Antonio shop owner says it's deadly.

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Cannabis NewsDecember 16, 2024

The debate over whether or not marijuana should be legal in Texas has gotten pretty heated over the past few years. Though a misstep by Texas officials back in 2019 rendered many forms of THC legal to sell in Texas, now the Texas Senate’s leader is looking to close that loophole and rid Texas of THC

Marijuana Business News

Nearly 70 More Adult-Use Cannabis Business Licenses Issued in New York, But Thousands Still Pending

Nearly 70 More Adult-Use Cannabis Business Licenses Issued in New York, But Thousands Still Pending

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Cannabis NewsDecember 12, 2024

New York regulators approved 68 adult-use cannabis licenses, but more than 3,000 applications filed a year ago are still pending. That’s partially because regulators want to avoid flooding the market as state-regulated recreational cannabis sales approach the $1 billion mark, Felicia Reid, the

Marijuana Business News

US Cannabis Industry Growth Slows to a Crawl Amid Price Compression and Delayed Federal Reform

US Cannabis Industry Growth Slows to a Crawl Amid Price Compression and Delayed Federal Reform

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Cannabis NewsDecember 12, 2024

US cannabis industry revenues are set to grow just 3.2% in 2025, as price compression, difficult economic dynamics and an increasingly complex political landscape put the brakes on the sector. According to a new report from ATB Capital Markets, the market is set to have contracted by 0.2% in 2024

Marijuana Business News

Cannabis in NY: OCM provides a year in review

Cannabis in NY: OCM provides a year in review

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Cannabis NewsDecember 11, 2024

The Office of Cannabis Management provided a year in review by sharing an update on the cannabis industry in New York State during a Cannabis Control Board meeting. New York State currently has 261 adult-use retail stores. OCM said it is a big increase, considering there were barely two dozen stores

Marijuana Business News

The New York Cannabis Market Continues to Soar

The New York Cannabis Market Continues to Soar

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Cannabis NewsDecember 11, 2024

The New York Office of Cannabis Management held a Control Board Meeting today that was broadcast online. Two months ago, we provided an update regarding the state’s strong growth in adult-use sales, and this extremely bullish story has become even more bullish. Sales growth is very strong, and the

Marijuana Business News

Recreational marijuana sales stabilize in October following sharp September drop

Recreational marijuana sales stabilize in October following sharp September drop

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Cannabis NewsDecember 10, 2024

Arizona’s recreational marijuana market showed signs of stabilization in October, with dispensaries selling $75.3 million in adult-use cannabis products, up from September’s $67.3 million, according to the latest data from the Arizona Department of Revenue. The medical marijuana sector continued its

Marijuana Business News

Press Release: Ridder announces partnership with NAVUS CEA Enterprises

Press Release: Ridder announces partnership with NAVUS CEA Enterprises

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Cannabis NewsDecember 10, 2024

Ridder is proud to announce a strategic partnership with Navus CEA Enterprises, a family-funded investment company with a proven track record in controlled environment agriculture (CEA). Building on a history of successful collaborations as co-investors in ventures like Blue Radix and Metomotion

Marijuana Business News

These 2 Marijuana Stocks Could Surge Under Trump's Second Term

These 2 Marijuana Stocks Could Surge Under Trump's Second Term

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Cannabis NewsNovember 21, 2024

The legal cannabis market is projected to reach $102.2 billion globally by 2030, growing at a sizzling 25.7% annual rate, according to a report by Grand View Research. This dramatic growth is expected even without U.S. federal support, but that equation could shift dramatically under President-elect

Marijuana Business News

Coalitions and advocates want to see marijuana decriminalized

Coalitions and advocates want to see marijuana decriminalized

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Cannabis NewsNovember 21, 2024

In 2022, LEX 18 reported on pushes for the decriminalization of marijuana in the commonwealth and the next year there was a lot of discussion about medical marijuana. Now, in 2025, Kentucky will begin a medical cannabis program. But advocates like Robert Matheny, the owner of KY CBD Farmacy, say it

Marijuana Business News

Beer Industry Group Pushes Tighter Regulations For Cannabis Products—And Higher Taxes Than Are Levied On Alcohol

Beer Industry Group Pushes Tighter Regulations For Cannabis Products—And Higher Taxes Than Are Levied On Alcohol

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Cannabis NewsNovember 20, 2024

A leading beer industry trade group has put out a statement of guiding principles to address what it calls “the proliferation of largely unregulated intoxicating hemp and cannabis products,” warning of risks to consumers and communities resulting from THC consumption. Among other recommendations

Marijuana Business News

Two-thirds of Minnesota social equity cannabis license applicants denied for inadequate documentation, some shenanigans

Two-thirds of Minnesota social equity cannabis license applicants denied for inadequate documentation, some shenanigans

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Cannabis NewsNovember 20, 2024

A lot of the rejected applicants are “zone flooders or predatory applicants or who do not meet the letter of the law around ownership requirements and expectations.” State cannabis regulators have started giving bad news to about tw0-thirds of the 1,817 social equity license applicants that they

Marijuana Business News

Michigan cannabis prices hit another record low, but industry believes turnaround imminent

Michigan cannabis prices hit another record low, but industry believes turnaround imminent

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Cannabis NewsNovember 19, 2024

The price compression is largely attributed to product oversupply, but the illicit markets also plays a role. Michigan marijuana prices dropped another 6% in October, setting yet another record low and putting more pressure in the already strained cannabis operators in the state. But has the state

Marijuana Business News

Cannabis centre plans to 'tap into global sector'

Cannabis centre plans to 'tap into global sector'

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Cannabis NewsNovember 18, 2024

Cultivating medicinal cannabis on the Isle of Man provides an opportunity to "tap into a global sector”, the a firm set to build a new production facility has said. GrowLab Organics (Glo) was recently given permission by planners to construct a purpose-built complex to grow and export the drug

Marijuana Business News

New York cannabis office approves a 6-month extension for CAURD provisional licenses

New York cannabis office approves a 6-month extension for CAURD provisional licenses

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Cannabis NewsNovember 13, 2024

The New York state Office of Cannabis Management approved a six-month extension for provisional licenses for retailers with former marijuana convictions who want to open a recreational store, the office announced Tuesday. Conditional Adult Use Retail Dispensary Licenses, known as the CAURD program

Marijuana Business News

Why Cronos, Curaleaf, Green Thumb, and More Cannabis Stocks Are Spiking Today

Why Cronos, Curaleaf, Green Thumb, and More Cannabis Stocks Are Spiking Today

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Cannabis NewsNovember 13, 2024

Cannabis stocks got a shot in the arm today after former New Jersey governor Chris Christie said in an interview that President-elect Donald Trump’s pro-business agenda would most likely include descheduling marijuana, which would be a broadly positive development across the industry from a labor

Marijuana Business News

Connecticut Cannabis prices fall as sales increase

Connecticut Cannabis prices fall as sales increase

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Cannabis NewsNovember 13, 2024

The average Connecticut price per gram of cannabis continued to decrease in October. While the data from last month marks the fourth straight month where prices have fallen, the number of adult-use products sold last month increased, continuing a mixed trend. The average price per gram of cannabis

Marijuana Business News

Billions Wiped of US Cannabis Companies’ Market Value Amid Mixed Financial Performance in Q3

Billions Wiped of US Cannabis Companies’ Market Value Amid Mixed Financial Performance in Q3

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Cannabis NewsNovember 12, 2024

US cannabis companies have endured a significant selloff in the days following the results of the election, seeing $2.6bn wiped off their collective market capitalization. The selloff comes as a swathe of leading companies publish their quarterly results, with a number of companies reporting

Marijuana Business News


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