WeedLife News Network

Investors shouldn't assume the US government will legalize marijuana anytime soon, and investing based on those hopes can be risky. The cannabis industry has a lot of potential upside. As new markets around the world open up and legalize cannabis for medicinal or recreational use, it can give a

Evolving Dynamics: The Five-Year Journey of Michigan's Recreational Cannabis Industry. The legal recreational cannabis industry in Michigan turns five years old this year, and it has evolved quite a bit from where it started. Dispensaries are popping up everywhere. The topic of cannabis is now on

Balancing Growth and Responsibility: Sonoma County's Cannabis Land Use Regulations. Sonoma County Seeks Feedback on Proposed Cannabis Ordinance Changes for Neighborhood Compatibility and Environmental Stewardship. How should cannabis land use be regulated in Sonoma County? County officials are

Uncertainty Looms Over $28 Billion Hemp Industry as Congress Considers Farm Bill Reauthorization. The future of a $28 billion industry is unclear. North Carolina Attorney General Josh Stein is one of 19 AGs who signed a letter to Congress asking lawmakers to take a closer look at a law that allows

Coalition of Licensed Dispensaries Urges Swift Action Against Illegal Cannabis Sales. A coalition of legal and licensed cannabis dispensary owners have come together to urge New York State officials to take swift legislative action against unlicensed weed shops. The dispensary owners have joined

ESOPs: A Strategic Tax Solution for U.S. Cannabis Companies Facing 280E Burden. US cannabis companies face heavier taxation compared to other industries due to the substance's illegality at the federal level. This is because cannabis companies can't deduct most regular business expenses under

Florida Supreme Court Decision Sparks Rally in US Pot Producers' Shares. U.S.-listed shares of pot producers rise premarket on Tuesday after the Florida Supreme Court on Monday allowed voters to decide on the fate of recreational use of marijuana in the state through a referendum on the November

If the provision gets 60 percent in November, it will legalize recreational marijuana in the country’s third-most populous state. The Florida Supreme Court will not block a ballot initiative that seeks to legalize recreational marijuana use for adults in this year’s general election, giving a major

Greenlight's Expansion and Market Strategies in the Cannabis Industry. When Cannabis Business Executive profiled Greenlight in September of 2022, the MSO was flying under the radar in three states – Missouri, Arkansas, and West Virginia – with two more – Illinois and South Dakota – about to open up

Neighboring towns allow recreational marijuana stores, a billboard on Route 83 in Elmhurst advertises one of them. Elmhurst Alderman Jacob Hill lightened the mood at Monday's City Council meeting with an April Fool's joke. "I would like to take this opportunity to thank all the hard work of staff

Former Minnesota Governor Jesse Ventura Launches Cannabis Edibles Brand on 4/20. Former Minnesota Gov. Jesse Ventura, who supported cannabis legalization when he served from 1999-2003, is launching his own edibles brand on 4/20, fulfilling what he calls a "lifelong dream." "Thanks to a diverse group

Legalizing recreational marijuana viewed as good for local economies; mixed views of impact on drug use, community safety. As more states pass laws legalizing marijuana for recreational use, Americans continue to favor legalization of both medical and recreational use of the drug. An overwhelming

US Bankruptcy Appellate Panel Rules on Cannabis Industry Employee's Chapter 13 Bankruptcy Petition. The U.S. Bankruptcy Appellate Panel has found that an employee of a state-licensed cannabis business could not avail himself of Chapter 13 protection. The debtor, Scott Blumsack, is a full-time

Cannabis retailer Nova Cannabis Inc reported its first year of net revenue in 2023, as part of its recently-released annual report. The company saw some of its largest increases in revenue from the growth of its “data licensing program.” The Alberta-based retail chain owns and/or operates 96

Three years after adult-use cannabis was signed in New York, the Cannabis Control Board is addressing the needs of struggling farmers. The New York State Cannabis Control Board (CCB) recently voted to waive cannabis cultivator licensing fees for the next two years. Gov. Kathy Hochul celebrated this

Aurora Cannabis Faces Uphill Battle Despite Strategic Moves Towards Recovery. Aurora Cannabis shares have plummeted by over 95% in the past three years due to low demand and operational inefficiencies. The company's sales performance has declined, and its core medicinal marijuana market in Canada is

California Police Forced to Return Seized Cannabis in Legal Battle with Distributor. American police have been seizing cannabis for decades, but the tables were turned last week, when law enforcement in a California city was forced to return hundreds of pounds of cannabis to a pot distributor. Costa

MedMen: The Highs and Lows of a Cannabis Industry Pioneer. In the summer of 2018, MedMen opened a boutique cannabis dispensary on Abbot Kinney Boulevard in Venice — “the coolest block in America,” as the company hyped in a press release at the time. With natural light pouring through floor-to

Nebraska legislators will soon debate one of the largest tax increases in its history. A recent property tax relief bill in Nebraska is seeking to create new income opportunities for the state, including a variety of sales tax exemptions. This includes adding sales taxes for products like candy and

DC's new medical marijuana rules are being tested with the proliferation of new shops, including one in the Palisades neighborhood. Why it matters: The shop, which wants to create a "higher-end safe retail space" for medical marijuana, is the latest proposed cannabis business to face backlash due to