WeedWorthy News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedWorthy News Network.

Denver-based MassRoots lays off staff, defaults on debt – Cannabis News

Denver-based marijuana social networking company MassRoots Inc. has laid off more than 40 percent of its staff and has defaulted on its debt, according to filings with the Securities and Exchange Commission this week.

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Marijuana Price Slips to $2,023 per Pound – Cannabis News

For the week ended Friday, June 10, the spot price index for a pound of cannabis decreased 3% from $2,086 in the prior week to $2,023.

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Colorado sets record with $117M in weed sales for April – Cannabis News

Colorado marijuana shops sold almost $76.6 million in recreational cannabis for April 2016.

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Task force looks at energy, water use related to marijuana production – Cannabis News

A task force in Oregon, studying energy and water use associated with marijuana production, is likely to recommend that the state do more to educate growers about existing agricultural rules and practices, as well as back a certification process that encourages Oregon's new industry to pay closer attention how it uses natural resources.

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Marijuana sales tax revenue huge boon for Colorado cities – Marijuana News

From small towns that barely dot the map to the state’s largest urban areas, revenue from retail marijuana sales is helping communities address homelessness, send children to college, patch potholes, secure water rights and fund an array of projects.

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Cannabis By The Numbers: How Much Money Will States Bring in From Marijuana in 2016? - Marijuana News

Nationwide marijuana legalization could produce up to $28 billion in yearly tax revenue a new study found.

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O.penVAPE Makes Formal Proposal for Naming Rights at Denver’s Mile High Stadium – Marijuana News

Today, O.penVAPE, a Colorado-based manufacturer of vaporizer devices, cartridges and other marijuana-related products, is announcing that it has "submitted a proposal to partner with the Metropolitan Football Stadium District, home of the Denver Broncos, to sponsor Denver's landmark stadium."

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How Retail Lows Could Lead To Marijuana Highs – Marijuana News

Could failing retail businesses provide the cannabis and warehouse industries with an unexpected spark?

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Washington State marijuana sales surpass $1 billion – Marijuana News

SPOKANE, Wash. – Marijuana sales in Washington continue to rise nearly two years after recreational marijuana became legal in the state.

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Vermont's Third Hemp-Growing Season: More Acreage, New Products – Marijuana News

Farmers have started planting Vermont’s third hemp crop. Though their numbers are few, the acreage devoted to hemp has significantly increased this year, as has the direction of the state’s fledgling hemp industry.

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The Government Could Make a Buttload of Tax Cash off of Legal Marijuana – Marijuana News

As more and more states legalize marijuana for medical and recreational use, federal state and local governments are in for a tax bonanza, according to a new pair of reports from the nonprofit Tax Foundation.

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Colorado pot shops have already sold $270 million of marijuana in 2016 – Marijuana News

In the first three months of 2016, Colorado pot shops sold more than $270 million in cannabis and related products, according to new figures from the state Department of Revenue.

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This California desert town is experiencing a marijuana boom – Marijuana News

As the first city in Southern California to legalize large-scale medical marijuana cultivation, Desert Hot Springs has been inundated by marijuana growers and developers.

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Did Walgreens just flip the script on a pharmacy’s medical marijuana stance? – Marijuana News

Walgreens, the largest drug retailing chain in the U.S. with more than 8,000 stores in all 50 states, is now tackling the subject of medical marijuana.

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Marijuana companies join forces to expand beyond state lines - Marijuana News

DENVER — Normally, when a company based in one state wants to sell products in another state, it starts calling truckers. For Strainz, a Las Vegas marijuana company, it was more complicated.

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High and Mighty Report: U.S. Cannabis Retail Sales Exceeded $37.5 Million on 4/20 – Marijuana News

Total U.S. cannabis retail sales on the festive occasion exceeded $37.5 million, marking an almost 30 percent spike in retail transactions since last year’s 4/20 bonanza.

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The Plight to End Stoner Culture and Make Cannabis Mainstream – Marijuana News

Is cannabis the next Internet? That's the bold claim made by Canada-based Tokyo Smoke CEO Alan Gertner.

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Calif. Cannabis Delivery Service Launches Ad Blitz – Marijuana News

Emphasizing the need to honor California’s farmers and their unique challenges, The California Way advertising blitz is supplemented by digital ad placements on Facebook, Twitter and Instagram.

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1 Stunning Infographic Shows Just How Large Marijuana Has Become – Marijuana News

Comparing legal marijuana sales to the annual revenue of nine popular food and beverages brands proves to be no comparison at all.

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Here’s Who’s Likely to Reap the Benefits of Recreational Marijuana in California – Marijuana News

To hear Troy Dayton tell it, California is on the brink of a gold rush — or, more specifically, a green rush. While insiders are working behind the scenes to put the question of recreational marijuana to voters on the November ballot, investors and business owners throughout the Golden State are getting ready to jump into the recreational pot business.

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