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Why 2020 Looks Like a Ghost Year for New York Hemp

The state’s growers are sitting on a pile of surplus from the 2019 season, while they desperately wait for rules to guide the industry going forward.

For New York’s hemp industry, it’s almost as if 2020 is turning out to be the year that never was. 

In many ways, 2019 was a boon for New York’s hemp farmers. The 2018 Farm Bill legalized hemp, or low-THC cannabis, and the market for hemp-derived products exploded across the state. 

3 High Growth U.S. Cannabis Markets Investors Need To Have On Their Radar

The cannabis industry has been a beneficiary of the COVID-19 pandemic as consumers have been purchasing more cannabis than prior to the outbreak. Several states still have restrictive policies in place for restaurants, bars, gyms, and shopping malls. The closures and the limitations have made it easier for people to stay inside and this is a trend that we expect will benefit the cannabis industry over the next year.

Cannabis Drinks Are Projected To Make $2 Billion This Year

More and more people want their drinks cannabis-infused. That's one message entrepreneurs are finding easy to swallow.

The year 2020 may go down as the worst in memory, but not for cannabis beverage manufacturers.

According to a report by Prohibition Partners, the global cannabis drinks market will be worth $1.82 billion by the end of the year. That number is driven by consumers looking for cost-friendly relief from the current COVID-19 pandemic.

Why are so many obeying their thirst?

Israeli Lawmakers Advance Cannabis Legalization Bills

Israeli lawmakers have advanced two cannabis legalization bills to the country’s top legislative body.

Members of Israel’s ruling party coalition have advanced two cannabis legalization bills, guaranteeing their support of the reforms in the Knesset, the Jerusalem Post reports. The bills were submitted by Likud MK Sharren Haskel and Blue and White MK Ram Shefa and were advanced by the Ministerial Committee on Legislation on Sunday.

Best cannabis strains of summer 2020

Let’s be fair—whatever is in your bowl right now is the Strain of the Summer, for you. Cannabis is so personal.

But beyond you doing you, there are definite, massive trends abloom in cannabis flower culture. We can see Runtz grown by the acre for the early summer light-dep harvest. We have search data on Glues, and sales data on Cakes and Cookies that backs up what expert growers and dispensary buyers in the field say is happening. And we have our own subject matter experts staying close to the plant—donning PPE to shop in legal stores and walk the weed beat for our readers.

Cannabis companies facing proposed class-action lawsuit over alleged mislabelling

Some major cannabis companies in Canada are facing a multi-million dollar proposed class-action lawsuit over allegations the potency of their products is “drastically different” than advertised.

The statement of claim filed in Calgary on Tuesday accuses the companies of failing to properly label their products and alleges negligence on their part.

The plaintiffs are seeking a $500-million judgment — “or such other amount as may be proven at trial” — along with punitive damages of $5 million from each of the defendants.