WeedLex

Marijuana Industry News and Updates

NYC Cracks Down on CBD-Infused Food and Beverages
This week, New York City’s flourishing CBD market hit a colossal roadblock.
Feb 7, 2019 1:58 AM
Leafly
Pot stocks: cannabis breaks winning streak
There was a major milestone for the industry as the descheduling of hemp in the US farm bill starts to bear fruit
Jan 21, 2019 12:00 PM
Business Day
Industrial Hemp Finally Legalized (Again) in the United States
States may now apply to start producing hemp and hemp-derived products under Department of Agriculture supervision.
Jan 3, 2019 2:45 PM
Pass the hemp: Colorado prepares to regulate the plant like any other food ingredient
​With the stroke of a pen, hemp could be treated like any other food ingredient under Colorado law.
Apr 26, 2018 8:00 AM
The Cannabist
Cannabis Could Generate $106 Billion in Tax Revenue - If It Were Federally Legal
Full adult use legalization of cannabis could generate 1 million jobs in the next seven years, according to New Frontier Data.
Mar 13, 2018 3:34 PM
The Street
Danish companies queue to grow cannabis
Companies have begun applying to Denmark's medicines regulator to grow cannabis plants ahead of the drug becoming legalised for medicinal purposes next year, it's reported.
Oct 27, 2017 3:30 PM
BBC
Zimbabwe May Become Next Country to Legalize MMJ Production
Authorities in Zimbabwe, Africa, are discussing the possibility of legalizing medical marijuana in several areas of the country. The government initiated the legalization discussions after a Canadian company had shown interest in growing and processing medical weed in Zimbabwe. Cultivating cannabis in the country might bring significant economic growth and numerous benefits to the nation.
Jul 14, 2017 12:50 PM
West Virginia Starts Taking Applications for Growing Hemp
West Virginia farmers have recently begun to apply for permits to grow hemp for business purposes. It makes the Mountain State the latest one to become interested in herb cultivation.
Jul 13, 2017 12:45 PM
Cannabis to Appear in Employee Benefit Plans in Canada
Canadian companies are looking into including weed in their employee benefit plans. The insurance industry is currently hesitant about covering medical marijuana. However, private companies with their own benefit plans favor the notion.
Jul 6, 2017 12:20 PM
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