WeedLex

Marijuana Industry News and Updates

Advanced Nutrients Donates $100,000 to Homeless in Los Angeles
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.
Apr 26, 2017 12:45 PM
How to Keep Your Weed Money Tax-Free?
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?
Apr 24, 2017 12:50 PM
Canadian Fund Allows Americans to Invest in Marijuana Business
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.
Apr 20, 2017 12:25 PM
Nevada Companies May No Longer Have to Separate Medical and Recreational Weed
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.
Apr 18, 2017 12:20 PM
Uruguay Announced the Start of Cannabis Sales in Pharmacies
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.
Apr 14, 2017 1:05 PM
Europe’s Largest Weed Factory to Expand Its Business
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.
Apr 10, 2017 12:45 PM
North Carolina Is Ready to Grow Hemp
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.
Mar 29, 2017 12:30 PM
Los Angeles Plans to Expand Weed Businesses
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.
Mar 21, 2017 12:20 PM
International Organization to Develop Cannabis Industry Standards
ASTM International, a global group with more than a century of experience in voluntary guidelines, is going to develop cannabis industry standards.
Mar 7, 2017 12:20 PM
New Frontier's Predictions for Cannabis Industry: Almost 300,000 Jobs by 2020 and $24 Billion in Sales by 2025
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.
Feb 28, 2017 12:20 PM
Software Companies Bidding for Marijuana Contract
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.
Jan 31, 2017 12:20 PM
What Is Going to Happen to Cannabis Industry: 4 Predictions for 2017
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.
Dec 30, 2016 12:15 PM
Legal Marijuana Is Hurting Beer Business
Beer sales are shrinking in the states where marijuana was legalized for recreational use.
Dec 16, 2016 12:05 PM
AXIM Biotech Patents Marijuana-Infused Chewing Gum Products
Those people who would rather ingest marijuana than smoke it have plenty of options. From marijuana-infused pasta sauce to vegan caviar to chewing gum – the edibles market is huge.
Nov 24, 2016 12:05 PM
Jamaica in Marijuana Market: Expanding Country's Economy
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.
Oct 28, 2016 12:35 PM
First Legal Cannabis Investment Study: 68% of U.S. Investors Are Interested in Marijuana-Related Businesses
The new 2016 Cannabis Investment Study has been recently released by the New Frontier Data, the premier data-collecting company that deals with cannabis analytics, in partnership with The Arcview Investor Network, the leading forum for accredited investors, and Arcview Market Research, the main publisher of marijuana market research.
Oct 24, 2016 12:15 PM
Just Business: Marijuana Industry Faces Regulatory Challenges
Before the legalization, most growers, manufacturers, and sellers of cannabis products had operated outside the law. Many of them had been doing business illegally for decades, so they may not be familiar with what is legal and what is not.
Oct 15, 2016 12:35 PM
New Colorado Regulations Change the Face of Edibles
To raise public safety awareness, Colorado authorities introduced new rules concerning marijuana edibles. The new regulations were enabled on Oct. 1. Both medical and recreational products are now labeled with a new universal symbol.
Oct 12, 2016 12:05 PM
Report Suggests: Cannabis Legalization May Bring $7.8 Billion of Revenue by 2020
If voters support initiatives legalizing recreational marijuana in five American states and medical marijuana in Montana and Florida, those states will receive a $7.8 billion revenue from the legal weed market by 2020, the latest report suggests.
Sep 28, 2016 9:45 AM
5 Major Risks Facing Every Weed Investor and Entrepreneur
When it comes to marijuana, it is really hard to find an investor who will risk getting involved with the plant. Numerous reports show that cannabis industry has a huge potential and can bring cannabis companies a lot of money.
Sep 27, 2016 9:35 AM