WeedLife News Network

So, there you are, pondering your finances, there are many expenses and costs that go into running your business and when your budget is already tight, should you add or increase training to the expense list? Why frustrate yourself, looking for ways to train people, when you could be focusing on things like technology, product development or sales that help with business growth?

We all know that product development and sales are important. But what differentiates training from other expenses is that while on the surface training might appear as an expense, it’s not.

Missouri has had a rocky road to cannabis reform and medical cannabis expansion so far, but now, the state is poised for success with their own, commercial cannabis grow facility now fully up and operational. 

Hexo Corp. says it has sold its facility in Niagara Falls, Ont., for $10.25 million to an undisclosed buyer.

The cannabis company announced in March plans to list the facility after reviewing its cultivation assets.

Hexo determined that it no longer expected to restart operations, which it halted in November 2019, due to an excess of cultivation capacity in the market, forecasted demand for cannabis products and expected market development.

The sale of the Niagara facility included land and greenhouse facilities, as well as certain equipment.

The company says it expects to use the proceeds to fund additional expansion of its Belleville, Ont., facility and for working capital and other general corporate purposes.

nly 3 per cent of Australians using medical cannabis access it through the government’s regulated program, a new study found. 

Medical cannabis has been legal in Australia since November 2016, when the government created a system where doctors could prescribe weed to treat various ailments.

The chief executive officer of Canopy Growth said this week he expects the United States will legalize recreational marijuana at the federal level in 2022.

Speaking to CNBC’s Jim Cramer on his show Mad Money, David Klein said that the growing number of U.S. states legalizing weed will inevitably lead to broader support in Congress that will, in turn, eventually force lawmakers to remove cannabis from Schedule I of the Controlled Substances Act.

To say 2020 could be a defining year for vertically integrated cannabis companies is an understatement.

It will be. And those driving execution in this complex, regulated industry with an enterprise-level solution will prove to be the leaders. 

This year, the cannabis industry has been thrust into yet another transitional period. Legalization legislation is potentially off the table for the foreseeable future, and many are dealing with a shrinking economy for the first time. 

Considering its current reach and future growth potential, CBD is one of the most exciting markets in the world. Cannabidiol, also known as CBD, is one of the active ingredients of the cannabis plant.

Of the two components, THC creates the euphoric effects that marijuana is famous for and for which it has been classified as a narcotic in the past while CBD on the other hand has many medicinal benefits without the psychedelic side effects. In fact, this may be the main reason behind the impressive growth of CBD in recent years.

For cannabis marketers, generating mass awareness is far more difficult than it is for marketers in traditional consumer goods.

Cannabis marketers must navigate scores of disparate regulations that limit where, how, and who they can target with their message. This creates a serious challenge for brands that aim to move the needle on awareness or ad recall. 

However, recent shifts in consumer interest and supply and demand dynamics due to shelter-in-place orders have created an environment where cannabis marketers have a unique opportunity to generate brand awareness more efficiently than ever before.

Every day, people across the United States demonstrate how legal cannabis could save the nation’s economy from the virus-caused downtown. They do so by buying record amounts of weed.

Aurora Cannabis Inc. says co-founder Steve Dobler will retire as president and as a director of the company at the end of the month.

Dobler has held the roles at the cannabis company since December 2014.

With the retirement of Dobler, the board will have nine directors.

The move follows the departure of founder Terry Booth, who stepped down as chief executive earlier this year.

Aurora announced in February that it was taking $1 billion in writedowns and would lay off 500 employees as part of a shakeup to its spending plans.

On Monday, Compassionate Care by Design opened the first drive-thru medical marijuana dispensary in Southwest Michigan.

Drivers could pull into the location off Stadium Drive to pick up their marijuana prescription, just like picking up a prescription at a drive-thru pharmacy, said store manager Vanessa McKenzie.

McKenzie said this concept is to provide customers with safety, security and convenience.

"They can come through here. They can place an order, they can do a pre-order, then pull up, and grab their medicine like you’re visiting a CVS pharmacy pick up," said McKenzie.

Compassionate Care by Design has three locations in Kalamazoo County, and offers curbside pickup at the the location off Sage in Kalamazoo.

Relief appears to be available for cannabis companies

The cannabis industry rarely looks to the federal government for support. Yet the raft of fiscal relief addressing COVID-19 has caused some in the industry to wonder what options, if any, might be available for them.

Global cannabis sales are expected to surge 38% to $20.4 billion this year despite the coronavirus-induced recession, according to new research from Arcview Group. 

The market research company released the 8th edition of its The State of Legal Cannabis Markets report this week, which also predicted sales will climb to a whopping $46.8 billion in 2025. 

Other highlights from the report include insights and statistics on both new and established legal cannabis markets in the U.S.

California was the first state to pass legislation for medical marijuana, and it was among the first to generate a legal adult-use weed industry. After just two years of operation, the recreational dispensaries have generated over $1 billion in tax revenue, which has gone to fund childcare and anti-drug programs for the state’s youth, environmental initiatives like park maintenance and wildland restoration and public safety grants for local police and fire departments. It is amazing to see so many good things come from the simple act of legalizing marijuana.

The months of May and June have already shown a great amount of positive gains for many leading marijuana stocks. As we continue to traverse into the summer, it looks like these cannabis stock gains are becoming more and more consistent. There are several reasons as to why the cannabis industry is showing so much upward propensity right now. For one, the cannabis industry has recorded more percentage gains and on a more consistent basis than most other areas of the stock market. This has been one of the main reasons that so many investors are attracted to the cannabis industry.

On May 20, 2020, the Washington State Liquor and Cannabis Board (LCB) held a virtual listen and learn forum on 

Mike Tyson is known as an eccentric guy. From youngest heavyweight boxing champion, to the guy who bit another guy’s ear off, to pro-wrestler, to author… Tyson has most recently styled himself as a businessman and an entrepreneur in the field of cannabis tourism. With the help of new regulation legalizing cannabis use in Antigua, Tyson is looking to set up his next Ranch in the Caribbean.