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

A new buzz: Cannabis-infused beverages offer a new high for consumers

A new buzz: Cannabis-infused beverages offer a new high for consumers

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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 both the recreational and medical market, according to

Marijuana Business News

NY attorney general secures $9.5 million judgment against Canandaigua cannabis shop owner

NY attorney general secures $9.5 million judgment against Canandaigua cannabis shop owner

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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 Jaydega 7.0 on Main Street in Canandaigua. James said West refused to follow

Marijuana Business News

Delta-8 hemp and Texas medical marijuana industries to face off in the upcoming legislative session

Delta-8 hemp and Texas medical marijuana industries to face off in the upcoming legislative session

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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 Houston, where he underwent five and a half rounds of chemotherapy and 33 treatments of

Marijuana Business News

Accounting group pushes for clarity as questions around cannabis tax rules mount

Accounting group pushes for clarity as questions around cannabis tax rules mount

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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 to disrupt the agency's interpretive authority with rescheduling

Marijuana Business News

Female Cannabis Consumers Outspend Men: How Tilray And High Tide Are Responding

Female Cannabis Consumers Outspend Men: How Tilray And High Tide Are Responding

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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 marketing strategies, as reported by Reuters. A Shift In Consumption

Marijuana Business News

Long Beach considers permit to allow cannabis consumption in public events

Long Beach considers permit to allow cannabis consumption in public events

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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 they were actually looking into it, but COVID shut it down,”

Marijuana Business News

Arizona Cannabis Market Faces Decline In Sales Though Valuations Remain Strong

Arizona Cannabis Market Faces Decline In Sales Though Valuations Remain Strong

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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 significant challenges. Despite the continued strength in asset

Marijuana Business News

New licenses drive growth of Costa Rican hemp sector

New licenses drive growth of Costa Rican hemp sector

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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. According to MAG data, most licenses have

Marijuana Business News

Canadian cannabis laws show six years of evolution

Canadian cannabis laws show six years of evolution

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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 until late 2019, and then took a while

Marijuana Business News

Connecticut cannabis sales take 12 percent hit in September

Connecticut cannabis sales take 12 percent hit in September

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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 percent, from $25.7 million in August to $23.4

Marijuana Business News

CBD Skincare Market Expected To Experience Tremendous Growth

CBD Skincare Market Expected To Experience Tremendous Growth

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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 projected to expand considerably in the coming years

Marijuana Business News

Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes

Is Colorado's Cannabis Market Back On Track? A 5% Sales Boost Says Yes

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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 challenges in the legal cannabis market. Colorado Sales Up 5%

Marijuana Business News

Massachusetts Slaps Big Cannabis With $165K Fines For Safety Failures

Massachusetts Slaps Big Cannabis With $165K Fines For Safety Failures

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Cannabis NewsOctober 14, 2024

Violations, dating back to 2021, included facility maintenance issues such as unsecured doors and gaps in ducts. Massachusetts cannabis regulators have fined two prominent companies, Ascend Wellness Holdings and Curaleaf Holdings, for violations related to consumer safety practices. The fines

Marijuana Business News

Justice Dept. Urges Court To Uphold Federal Cannabis Ban In High-Profile Case

Justice Dept. Urges Court To Uphold Federal Cannabis Ban In High-Profile Case

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Cannabis NewsOctober 14, 2024

The DOJ defends federal cannabis prohibition, citing Supreme Court precedent, despite state-level legalization. The U.S. Department of Justice has urged a federal appeals court to maintain the nationwide ban on cannabis, defending Congress's broad authority to regulate the substance despite its

Marijuana Business News

The Ever-Evolving Cannabis Industry: These Are Latest Leadership Changes You Should Know About

The Ever-Evolving Cannabis Industry: These Are Latest Leadership Changes You Should Know About

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Cannabis NewsOctober 11, 2024

The U.S. Hemp Roundtable Taps Two Prominent Executives In Hemp Beverage Space Into Its Ranks The U.S. Hemp Roundtable made headlines in early September as its board of directors welcomed two distinguished leaders from the hemp beverage sector to its officer ranks. Art Massolo, vice president of

Marijuana Business News

Epic Cannabis Fails You Should Know About: MedMen, Eaze And Others Go Down In California Meltdowns

Epic Cannabis Fails You Should Know About: MedMen, Eaze And Others Go Down In California Meltdowns

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Cannabis NewsOctober 11, 2024

MedMen was once celebrated as the 'Apple Store of Weed and reached a $2 billion valuation. By April 2024, MedMen had filed for bankruptcy. As California's cannabis market expanded after legalization, several leading companies seemed poised for dominance. However, due to mismanagement, regulatory

Marijuana Business News

Cannabis Giant Canopy Expands US Presence With Acquisition Of Top Edibles Brand: What It Means For Investors

Cannabis Giant Canopy Expands US Presence With Acquisition Of Top Edibles Brand: What It Means For Investors

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Cannabis NewsOctober 10, 2024

The deal includes Wana Wellness, LLC, The CIMA Group, LLC and Mountain High Products, LLC. Canopy Growth Corporation announced on Wednesday that Canopy USA, LLC has completed its acquisition of Wana. The deal includes Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. The top

Marijuana Business News

Nasdaq-Listed Cannabis Company Eyes Germany's New Hemp Legislation With Intense Interest

Nasdaq-Listed Cannabis Company Eyes Germany's New Hemp Legislation With Intense Interest

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Cannabis NewsOctober 10, 2024

Flora Growth is eyeing Germany's new hemp legislation as a major opportunity, with plans to enter the market soon. Publicly traded Flora Growth Corp. is closely monitoring Germany's newly approved legislation on industrial hemp, viewing it as a potential game-changer for the European market. Germany

Marijuana Business News

Hemp industry in California fights emergency regulations

Hemp industry in California fights emergency regulations

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Cannabis NewsOctober 10, 2024

Jonathan Miller: "We were shocked by the new emergency regulations." The hemp industry in California is under rising pressure after Governor Gavin Newsom issued emergency regulations that effectively hinder further development of the industry, according to Jonathan Miller, general counsel of the U.S

Marijuana Business News

Tax Changes Could Unlock 'Hundreds Of Millions In Cash Flow' For Cannabis Sector, Experts Predict

Tax Changes Could Unlock 'Hundreds Of Millions In Cash Flow' For Cannabis Sector, Experts Predict

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Cannabis NewsOctober 9, 2024

Aaron Grey said at Benzinga's Cannabis Capital Conference that the removal of 280E will be transformative for cannabis operators. “The fall of 280E will be the single most impactful moment for cannabis operators in decades,” said Aaron Grey, senior analyst at Alliance Global Partners, on Tuesday at

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