Marijuana Politics

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Wed
21
Oct

There's A Movement Afoot To Allow Legal States To Do Business With Each Other

States can’t wait. That’s the rallying cry for a new initiative that seeks to set up an interstate market for cannabis between states where recreational and medical cannabis are legal.

Called the Alliance for Sensible Markets, the non-profit coalition of business and advocacy leaders is committed to legalizing commerce between participating legal markets by 2021.

Wed
21
Oct

Los Angeles faces lawsuit over marijuana delivery licenses

Two marijuana trade organizations filed a lawsuit today against the nation’s largest legal pot market over restrictions on stand-alone delivery services that have blocked them from obtaining licenses until 2025.

The lawsuit against Los Angeles and its Department of Cannabis Regulation seeks to overturn rules enacted earlier this year that postponed the availability of those licenses for certain businesses, even though broad legal sales began in the state in January 2018.

Under the changes, those licenses would only be available to so-called social-equity operators — people, many of color, who were arrested or convicted of a marijuana-related offense or lived in neighborhoods marked by high marijuana arrest rates.

Wed
21
Oct

Some Cannabis Investors Are Optimistic About the 2020 Election

Cannabis investors have endured a brutal 2020, and hopes that the November election will serve as a catalyst for federal US legalization are fading fast.

However, according to Cantor Fitzgerald analyst Pablo Zuanic, a potential election “blue wave” victory for Democrats could be more bullish for cannabis stocks than investors realize.

Tue
20
Oct

Hemp Litigation: DEA Sued Again

The hemp industry contends the Interim Final Rule is unlawful because it exceeds the DEA’s authority and violates the Agricultural Improvement Act, among other things.

Tue
20
Oct

Canada’s legal weed market turns Two

Two years ago Canada became the second country in the world to legalize recreational marijuana sales.

Since then, the country has also made way for the legal sales of edibles, cannabis-infused beverages, and vape pens, but the newly legal cannabis market has faced its fair share of difficulties despite initial investor frenzy surrounding marijuana stocks. 

As Canada is the first major country to have fully legalized weed, governments around the world watched on with great interest these past two years as the legal pot market began to develop there, taking notes for when the time might come to allow marijuana to be sold for recreational use in their respective countries. 

Tue
20
Oct

Wait, what? Dutch justice minister explains lockdown rules for weed

The Dutch government told parliament on Monday it could sit back and relax as there are no extra rules needed to prevent people having or smoking cannabis in public places during the coronavirus pandemic.

The government ordered a partial lockdown on Oct. 13, closing restaurants except for takeaway services and forbidding the sale of alcohol and marijuana after 8 p.m.

But parliament, stressed at the prospect that the rules for weed-smokers might still be laxer than those for alcohol-drinkers, passed a motion directing the government to ensure that smoking marijuana and hashish in public would not be tolerated in public places between 8 p.m. and 7 a.m.

Tue
20
Oct

Border patrol intercepts weed worth US$8 million at Peace Bridge

The tally of cannabis seizures at the Peace Bridge running between Canada and the U.S. increased yet again last week when U.S. border officers in Buffalo discovered a commercial shipment with more than a ton of weed.

Tue
20
Oct

New Mexico to Allow Out-of-State Medical Marijuana Patients

A state district judge cleared the way for hundreds of patients to be re-authorized to participate in New Mexico’s medical marijuana program.

The ruling stemmed from a challenge of a mandate issued in September and a subsequent emergency rule adopted by the state health department just weeks later that placed additional requirements on some patients with medical marijuana cards from other states.

Tue
20
Oct

How The Cannabis Industry Can Help Expunged Individuals Enter The Legal Market

Read entire article at Benzinga

The United States continues to have the largest prison population globally. Some 2.1 million Americans were incarcerated as of November 2018.

Tue
20
Oct

UK Financial Conduct Authority Issues Guidance on Listings of Cannabis-Related Businesses

On 18 September 2020, the Financial Conduct Authority (FCA), the securities regulatory authority in the United Kingdom, released long-awaited guidance for cannabis companies considering a listing in the United Kingdom on a regulated market, such as the Main Market of the London Stock Exchange. Whilst preliminary in nature and subject to further consultation, the guidance is welcome news for UK investors and suggests increasing openness by UK regulators to the medicinal cannabis sector.

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