WeedLex

Marijuana Industry News and Updates

New Zealand and Australia Legalize Use of Hemp as Food
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.
Jun 14, 2017 12:50 PM
Oregon Cannabis Startups Receive $80 Million Investments
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.
May 29, 2017 12:45 PM
Canadian Cannabis Leaders Support Startups With Streaming Deals
Leading cannabis companies in Canada invest money and expertise in startups in exchange for an equity stake and a share of future production. Is it good for the cannabis industry?
May 19, 2017 12:30 PM
Arizona to Allow Cultivating Industrial Hemp
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.
May 12, 2017 12:30 PM
Washington State to Establish New Rules for Weed-Related Billboards
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.
May 4, 2017 12:20 PM
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