Marijuana Politics

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Mon
24
Aug

Mexican President says cannabis legalization top of mind when congress reconvenes in September

It’s been two years since the Supreme Court of Mexico ruled that the federal prohibition of cannabis for possession and personal use is unconstitutional.

Mon
24
Aug

The long list of harmful effects of cannabis criminalisation no one talks about

Thousands of people are arrested every year for illicit consumption of narcotic drugs and psychotropic substances (NDPS). In 2018, 81,778 persons were arrested under the NDPS Act. Fifty-nine per cent of the those were found in possession of substances for personal use. Our forthcoming findings on Mumbai give an insight into how many people are arrested for illicit cannabis consumption, in comparison to other prohibited substances.

Mon
24
Aug

Canada: Illicit pot still dominates after two legal years

It’s been nearly two years since Canada became the first G20 country to legalize cannabis for recreational purposes. However, the majority of customers are still getting their pot from the illicit market -- with a lot of ground left to cover.

In the fourth quarter of 2018, legal marijuana represented only 21 per cent of total consumption in Canada, despite weed becoming lawful on Oct. 17 of that year. Fast-forward to the first quarter of 2020 and cannabis is now a $2.2 billion retail industry, yet legal consumption is still just 46 per cent of the total, according to data from Statistics Canada.

Fri
21
Aug

Cannabis industry’s benefit to Massachusetts ‘has been immediate’ as tax dollars keep rolling in

Cannabis may not be the answer to all of life’s problems, but the drug is generating so much tax revenue in Massachusetts that it is making a case for itself.

The state has collected a staggering US$122 million in the first two fiscal years of legal recreational cannabis, according to the Boston Business Journal, with the vast majority of those badly needed funds — US$53.8-million — going to the state’s Division of Alcoholism Administration.

Fri
21
Aug

USDA Orders Colorado to Revise Hemp Plan

As states continue to fall in line with the USDA’s plan to oversee hemp production across the country by next year’s planting season, several remain in the “draft” phase with their own programs. While the USDA is willing to extend federal licenses to individual farmers in states without their own programs (Mississippi), the goal is for states like Colorado to design their own plan through the department of agriculture (or a related agency).

Fri
21
Aug

Texas May Have Missed the Hemp Boom. Can the Industry Recover?

There were some very big numbers bandied about when the Texas legislature paved the way for hemp to be grown in the state, with some predicting earnings of up to $40,000 an acre. The reality is that hemp farming has fallen far below such lofty promises.

Despite the nationwide interest in CBD oil for everything from chronic pain to pet anxiety, the hemp market has flattened considerably. Calvin Trostle at Texas A&M AgriLife is the school’s hemp specialist, and he’s seeing the bubble burst for a variety of reasons.

“Prices available to growers are down 85 percent from the 2019 season,” he said. “Nationwide, in spite of new states like Texas coming on the permitted acreage was down 29 percent from 2019.”

Thu
20
Aug

Biden Marijuana Plan ‘Essentially Meaningless,’ Says Democratic Congressman

Earl Blumenauer cautioned Biden from following too closely in Hillary Clinton’s footsteps, as he believes she would be President if she had supported cannabis legalization.

When presidential candidate Joe Biden announced his criminal justice reform plan, it included cannabis policies that appeared to be lacking compared to those proposed by other prominent Democratic party members. Almost none, however, have criticized Biden’s cannabis agenda until this week when one Democratic congressman described it as “essentially meaningless.”

Thu
20
Aug

​The Cannabis Industry Needs Banking Now

 

Thu
20
Aug

A Quick Comparison Of Cannabis Tax Revenue By State

For the past century, America has been in a fierce debate regarding the legal status of marijuana. And while individuals on both sides of the issue are passionate about their positions regarding the morality and safety of cannabis, those against legalization have largely had their way— until very recently.

Wed
19
Aug

CBD Is Legal But Still Not Federally Regulated. Here's Why.

It's been over a year since the 2018 Farm Bill legalized the commerce of hemp and CBD. Yet, CBD is still not regulated as a dietary supplement by the FDA.

This may come as a surprise to many people who’ve already incorporated CBD into their lives. Among the 14 percent of Americans who use CBD, most believe those products are FDA regulated. 

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