WeedLife News Network

Although states with legal recreational marijuana programs have been notably careful to ensure product safety, as with any industry, mistakes happen. 

This time, the state of Michigan recently recalled 10,000 cannabis-infused chocolate edibles dubbed Covert Cups, having discovered the products had not undergone adequate inspection after being manufactured in Bay City, reported MLive. 

Eustis, Florida — 21 years oldst-Century greenhouse, for ancient crops. In the case of Glen Treadwell Treadwell farm, The crop is hemp.

“I like the idea that it can be done all year round,” he said. “It’s a plant that catches you.”

His family has been farming in Florida for over a century, but recently hemp has been added.

“It’s one of the hardest plants to grow,” he said. “You need to have the right process, and that’s what we had to learn, people taught us, and we treat it to others I’m trying to teach you the right way. “

Jamie Treadwell is Glenn’s daughter and a member of the next generation of treadwell farmers.

CHARLESTON COUNTY, S.C. (WCIV) — Big changes could be coming to a South Carolina industry that’s still in its infancy.

Hemp farmers are excited about what the possibility of making marijuana legal could mean for both businesses and consumers.

The hemp industry got its start in South Carolina back in 2017. Only a few years off the ground, it now could have the potential to expand after former congressman Joe Cunningham announced his plans to legalize to use of marijuana if elected governor in 2022.

Cody Callarman, owner and founder of Zitro Farms, is a veteran who has seen the affects hemp can have on physical and mental trauma.

Now well into its second full year of adult-use sales, Michigan’s legal cannabis market is emerging from the pandemic ripe with opportunity. With a run rate behind only California and Colorado, Michigan’s early 2021 sales have put the state on pace to not only break the billion-dollar sales threshold but also blow right past it.

Michigan regulators allowed the state’s dispensaries to continue operating during the COVID-19 pandemic in 2020 – the first full calendar year of adult-use sales— resulting in sales over $984 million. Despite the essential business provision and solid initial sales, legal cannabis purchases declined during the autumn months.

State regulators are helping legitimize the industry, build consumer confidence and expand this promising market.

While the Food and Drug Administration (the FDA) continues to drag its feet in forging a legal path for the manufacture, sale, and distribution of hemp-derived products, state regulators are keeping up with the demands of this evolving market and adopting increasingly more nuanced and more sophisticated regulations for these products.

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.

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.

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.

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.

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.

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.

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. 

The state of Illinois finished the previous fiscal year with more than $317 million in cannabis taxes. That far eclipsed the $52.7 million the state collected for the previous year with just six months worth of sales.

Illinois legalized adult-use cannabis with the first legal sales beginning in January 2020. The state has reported continued growth in total sales month after month since then, despite the COVID-19 pandemic and the governor’s orders closing most in-person business for more than two months in the spring of 2020.

The Illinois Department of Financial and Professional Regulation reports total sales for May 2021 were nearly $116.4 million. That’s nearly $1.5 million more than was sold in April.

Top Pot Stocks In Q3 2021

Currently, many investors are asking themselves, is there still an opportunity to invest in top marijuana stocks in 2021? As it stands the cannabis sector has seen months of declines until it began to turn around in June. Now as we start July the US cannabis market is currently the center of attention and it seems most of the world is waiting for federal cannabis reform in 2021.

Now well into its second full year of adult-use sales, Michigan’s legal cannabis market is emerging from the pandemic ripe with opportunity. With a run rate behind only California and Colorado, Michigan’s early 2021 sales have put the state on pace to not only break the billion-dollar sales threshold but also blow right past it.

Michigan regulators allowed the state’s dispensaries to continue operating during the COVID-19 pandemic in 2020 – the first full calendar year of adult-use sales— resulting in sales over $984 million. Despite the essential business provision and solid initial sales, legal cannabis purchases declined during the autumn months.

Leading medicinal cannabis company, Cannasouth Limited has today entered into two conditional agreements to acquire the balance of the stakes that it does not already own in its cultivation and manufacturing joint venture businesses.

Acquisition of outstanding interest in Cannasouth Cultivation Limited

Cannasouth has entered into a conditional agreement with Aaron Craig and his family interests (Craig Family Interests) to acquire the remaining 50% stake in Joint Venture business Cannasouth Cultivation Limited that Cannasouth does not already own.

The use of CBD has increased rapidly in the last decade where even medical experts have endorsed it as a useful health product. This boom has triggered professionals to do more research to determine the specific benefits of CBD. As a result, the number of companies making CBD products has also increased, with some of them making better quality products than others. 

Cannabis-laced snacks that mimic popular brand names — including “Trips Ahoy!” and “Double Stuf STONEO” — are being hawked to kids and should be banned by the state Health Department, Nassau County elected officials said at a press conference Wednesday.

The products, which are currently legal under the state’s medicinal marijuana program, contain delta-8 THC and were being sold as of Wednesday at a store in Long Beach, said State Sen. Todd Kaminsky, D-Long Island.

“It is also being marketed aggressively to kids,” Kaminsky tweeted.