Marijuana Politics

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Fri
22
Nov

South Dakota: Lawmakers say they’ll try again on hemp in 2020

Some South Dakota lawmakers said Wednesday that they’re working on a bill for the 2020 legislative session that would pave the way for hemp to be grown in the state, putting them on a likely collision course with Gov. Kristi Noem.

Noem vetoed such legislation in March. Though the House successfully voted to override, lawmakers fell two votes short in the Senate. Both chambers are controlled by Republicans; Noem is also a Republican.

Fri
22
Nov

With Israel as partner, Africa can turn cannabis into an economic game changer

Africa is asserting itself as a high-potential emerging region for large-scale cannabis grow operations. With South Africa leading the continent’s entry into the market along with the Kingdom of Lesotho and Zimbabwe, savvy investors are jockeying for position. But the future health of the African cannabis industry faces several challenges: maintaining consistent, sustainable product quality, overcoming regulatory uncertainty and promoting social justice are long-term considerations that should inform current decisions.

Fri
22
Nov

Cannabis stocks rally for a second day after House passes bill aiming to lift federal ban on weed

Cannabis stocks rallied for a second day Wednesday, buoyed by a historic congressional committee passage of a bill that aims to lift the federal ban on weed, as well as strong gains for Curaleaf after it posted a narrower-than-expected third-quarter loss.

Curaleaf’s U.S.-listed shares CURLF, -4.85% CURA, -5.67% were last up 15%, as investors shrugged off its revenue miss.

Thu
21
Nov

House committee approves landmark bill legalizing marijuana at the federal level

The House Judiciary Committee approved a bill Wednesday that legalizes marijuana on the federal level, removing it from Schedule 1 of the Controlled Substances Act.

The legislation, which passed 24 to 10, has a high chance of approval in the full House where Democrats control the chamber with 234 seats. It’s likely to face a tougher battle in the Republican-controlled Senate, where Majority Leader Mitch McConnell opposes marijuana legalization.

The legislation allows states to enact their own policies and gives them incentives to clear criminal records of people with low-level marijuana offenses. It also includes a 5% tax on cannabis products that would provide job training and legal assistance to those hit hardest by the war on drugs.

Thu
21
Nov

Illinois’s ban on cannabis in public housing raises question of who really benefits from legalization

Illinois residents over the age of 21 will enjoy the right to spark up legally when the ball drops on Jan. 1, 2020, but not everyone is likely to be in the partying mood.

But the same freedom will not extend to legal cannabis consumption, leading some to wonder for whom exactly the drug is being legalized. Residents of public housing will be banned from consuming in their units, whether for medical or adult-use purposes.

Thu
21
Nov

Here’s how much money people in Massachusetts spent on (legal) marijuana in the first year of sales

Exactly one year ago, people in Massachusetts spent more than $440,000 at the state’s first two recreational marijuana on their opening day of sales.

And since then, the total amount has only continued to soar.

Thu
21
Nov

5 safe banking alternatives for cannabis companies

Every month, staffers at NUG, a vertically integrated cannabis company in California, have to physically transport cash, accompanied by a licensed and armed security guard, via an inconspicuous company vehicle to a Pacific Gas and Electric office -- to pay their utility bill. 

Thu
21
Nov

New Jersey may vote on marijuana legalization in 2020 referendum

After failing to pass legislation to legalize marijuana for the second time this year, lawmakers in New Jersey are now planning to pose the question on the November 2020 ballot.

“We made further attempts to generate additional support in the Senate to get this done legislatively, but we recognize that the votes just aren’t there. We respect the positions taken by legislators on what is an issue of conscience,” Senate President Steve Sweeney said in a statement.

Sweeney was forced to pull the marijuana legalization bill earlier this year, announcing in May that efforts to legalize weed in the Legislature would be abandoned due to a lack of support among lawmakers.

Thu
21
Nov

Thailand wants home growers to help stock its medical cannabis market

Thailand is moving forward with its plan to allow residents to grow up to six cannabis plants and sell it to the government as a way to stock its legal medical cannabis market.

“We are in the process of changing laws to allow the medical use of marijuana freely,” Health Minister Anutin Charnvirakul said last week in Bangkok. “We have high confidence that marijuana will be among the major agricultural products for Thai households. We are speeding up the law changes. But there is a process to it.”

Thailand became the first country in Southeast Asia to legalize medical cannabis back in December 2018. Adult-use cannabis is still illegal though and carries harsh penalties, such as time in jail.

Wed
20
Nov

House committee approves bill legalizing marijuana at the federal level

The House Judiciary Committee approved a bill Wednesday that legalizes marijuana on the federal level, removing it from schedule 1 of the Controlled Substances Act.

The legislation, which passed 24 to 10, has a high chance of approval in the House where Democrats control the chamber with 234 seats. It’s likely to face a tougher battle in the Republican-controlled Senate, where Majority Leader Mitch McConnell opposes marijuana legalization.

The legislation allows states to enact their own policies and gives them incentives to clear criminal records of people with low-level marijuana offenses. It also includes a 5% tax on cannabis products that would provide job training and legal assistance to those hit hardest by the war on drugs.

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