The governments of New Zealand and Australia have recently legalized the use of hemp as food. Though there is no ban on hemp use anymore, there are still strict restrictions on the marketing and labeling hemp products.
The cannabis industry is flourishing in all states where the substance has become legal. Big corporations are not the only ones that expand their presence in the legal marijuana market; small entrepreneurs and startups also benefit from this developing segment. For instance, weed companies in Oregon can now boast of attracting millions of dollars for the manufacture and distribution of marijuana products and services.
In case the Arizona Department of Agriculture approves Senate Bill 1337, state farmers will be allowed to receive licenses for legally growing, distributing, and selling industrial hemp. The bill was passed by the Arizona House on May 10.
Washington state authorities are currently looking to prohibit roadside marijuana billboards that contain pictures of cannabis plants, cuddly mascots, and some other images they fear may attract the attention of kids.
Michael Straumietis, the CEO of the famous Advanced Nutrients, who is also known as the Marijuana Don, has recently donated more than $100K worth of goods to 2,000 homeless people. His charity, Holiday Heroes, engaged 75 volunteers in making it happen during Easter weekend.
In the United States, tax revenue is the major source filing both federal and local budgets. It is a quite common thing for an entrepreneur to think they pay too much taxes. But when it comes to a marijuana-related business, it is more likely to be true. Not only did certain states impose excise taxes on cannabis businesses, but also federal marijuana tax laws are not exactly business-friendly. So the question is, what can you do to pay less taxes without breaking the law?
Though the medical marijuana industry is booming in the legal American states, it has still been difficult to invest in the cannabis companies. Fortunately, a Canadian fund that has recently opened on the Toronto Stock Exchange will allow you to do it in the comfort of your home.
On April 11, the Nevada Legislature heard a bill, according to which marijuana manufacturers would be able to combine medical and recreational products. As of right now, they have to divide their products into two groups as taxes are different.
Uruguay, the first country that legalized recreational marijuana in the world, is finally ready to launch a new cannabis program. According to the new legal measures, hundreds of pharmacies will start selling weed in July 2017.
Have you heard about the biggest cannabis factory in Europe? No, it is not in the Netherlands! Switzerland has a king-size weed barn, and it is absolutely legal! Here you can learn more about this fascinating place and the recent tendencies in the development of the marijuana industry in the country.
Many U.S. states are warming up to the decision of cultivating the nonintoxicating cousin of marijuana. North Carolina has decided to conduct a statewide test and is now encouraging farmers to grow hemp. This year, a field where corn once grew could produce a new crop.
There is great news for marijuana businesses based in Los Angeles. Earlier, the county voted against developing weed businesses. Moreover, it has had a ban on medicinal cannabis location for years. However, in a few months, Los Angeles is likely to become a number one spot for cannabis entrepreneurs.
Making economic predictions is quite difficult, especially when it comes to the cannabis industry. Even the slightest change in local of federal policies may cause significant changes in the industry in the long term. However, economists and analysts keep trying to understand how the booming marijuana business may look in a few years. The latest attempt was made by New Frontier Data, a Washington D.C.-based research company that focuses on the cannabis industry analysis.
Despite the fact that California has one of the largest marijuana markets in the U.S., a lot of work has to be done to regulate the industry. Many big-money companies strive to take part in the process.
The year of 2016 brought a lot of changes to the cannabis industry: from impressive new discoveries of marijuana's medicinal potential and properties to the long-awaited legalization of marijuana in California, Massachusetts, Maine, and Nevada. But what should we expect next? We at WeedLex have some guesses on this matter.
Despite having the reputation of the land of ganja, Jamaica is nothing like we imagine it to be. The country has introduced draconian laws on the matter of marijuana use to get rid of the stereotype. However, the image of Rastafarian culture and illegal marijuana dealers is hard to overcome.