Marijuana Politics

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Fri
18
Dec

Program aims to create social equity in cannabis industry

marijuana plant growing from soil

Gov. Jared Polis signed a landmark bill affecting the cannabis industry on June 29 in front of Simply Pure in Denver. The dispensary was the first in the nation owned by a Black couple.

HB20-1424 creates a new social equity license that is intended to boost minority participation in the cannabis industry. The program goes into effect Jan. 1.

The bill also authorizes the governor to pardon individuals for possession of up to 2 ounces of marijuana — the current legal limit for medical patients — removing a barrier to ownership of marijuana businesses.

Fri
18
Dec

Cop Budgets Benefit from Cannabis Legalization, Sparking Backlash in 'Defund the Police' Er

rolling a joint

Far more popular than any politician, cannabis legalization is still being sold to American voters on a wobbly raft of lofty and discursive promises, uneasily lashed together with sinews of money. 

Several years into the experiment, cannabis is absolutely a multi-billion-dollar industry, but legal weed hasn’t fixed systemic racism, cured the ills of the drug war, or democratized business opportunities. Legalization hasn’t even guaranteed Americans reliable access to legal cannabis, in the states that have legalized.

But at least one promise has been kept: legalization has been great for cops.

Thu
17
Dec

Cannabis Reform in Spain

cannabis buds on a table

The first public event for the European Cannabis Advocacy Network will take place on the 17th of December, which will be focusing on cannabis reform in Ireland and Spain. Each month we will be inviting advocates from two European countries to discuss the current state of cannabis reform in their country, and shine a light on both adult-use and medical cannabis reform across Europe. 

Thu
17
Dec

Why is Asia divided on a green light for medical marijuana?

silluette of marijuana leaf against sunset
Thailand, the sole Asian country to legalise cannabis for medical use, is so keen on educating locals about the drug’s benefits that tourism and sports minister Phiphat Ratchakitprakarn this month unveiled a medical marijuana tour that will cover eight provinces, set to kick off next year. But not too far away, in Singapore, top officials are singing a starkly different tune.
Thu
17
Dec

Senate Passes Bill To Expand Cannabis Research

legal gavel with cbd oil in bottle

The U.S. Senate approved a bill on Tuesday that would allow for the expansion of scientific research into cannabis and marijuana derivatives including CBD. The bill, known as the Cannabidiol and Marihuana Research Expansion Act (S. 2032), was advanced by unanimous consent and will now head to the House of Representatives for consideration. The House passed a similar measure last week, although provisions in that bill that would allow researchers to use cannabis products from state-licensed dispensaries are not included in the Senate proposal.

Thu
17
Dec

Easier Medicine Access For Ireland’s Medical Cannabis Patients

person holding a bottle of cbd oil

A temporary scheme enabling patients in Ireland easier access to their prescribed medical cannabis treatments has been made permanent.

In Ireland, specialist medical consultants can prescribe medical cannabis for patients with certain conditions assuming an appropriate application is submitted to the Department of Health and accepted. The country’s Medical Cannabis Access Programme kicked off in 2019 on a pilot basis for five years.

Thu
17
Dec

California Cannabis Industry May See Loosened Regulations

worker cutting up marijuana leaves

The Bureau of Cannabis Control‘s Cannabis Advisory Committee approved recommendations that would relax several regulations for the California cannabis industry, aimed at helping struggling cannabis businesses. The recommendations were included in the state panel’s annual report.

While arguably the largest state market for cannabis in the United States, California legal cannabis businesses struggle with competition from illegal cannabis sellers, among many other obstacles to expanded profitability. Though classified as essential services by the state, the businesses also have been affected by the COVID-19 pandemic and new public health requirements for retail and manufacturing industries.

Wed
16
Dec

California On Track To Collect $1 Billion In Cannabis Taxes

stack of money with cannabis buds

California’s booming cannabis industry has been around much longer than many in the United States, and now, the state is on pace to collect as much as $1 billion in taxes from sales made in 2020, a record landmark for the local industry. 

Wed
16
Dec

Illinois, other states banking on recreational cannabis tax revenue

cannabis plants hung up to dry

In the November election, four more states joined Illinois in allowing recreational marijuana use in hopes of closing budget gaps, but how reliable is the tax revenue?

Policymakers in these states lobbied for legal pot in part to bring in revenue. For example, New Jersey’s governor said the money would help fund education and infrastructure.

A report by The Pew Charitable Trusts said tax revenue from marijuana has proved uncertain in normal times, and economic hardships from the COVID-19 pandemic and consumer behavior shifts will only add to the uncertainty.

“Marijuana revenue is unpredictable, mainly that there is not a lot of historical data to base projections on,” said Adam Levin, spokesman for The Pew Charitable Trusts.

Wed
16
Dec

Why The Federal Government Doesn’t Need To Legalize Marijuana

american flag with a roll of money

All in all, legal marijuana would make just as much for governmental minions as prohibition has. It’s just a matter of perspective.

One of the biggest arguments right now for ending marijuana prohibition in the United States is that it would generate beaucoup bucks in tax revenue and provide the nation with a trapdoor out of the economic sludge brought about by the coronavirus. After all, marijuana sales are a boon in states where it is legal.

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