Marijuana Politics

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Wed
15
May

How banking challenges impede the growth of the cannabis industry today

With recreational cannabis now legal in Canada and many U.S. states, 2019 seems poised to become a turning point for the industry. However, within U.S. borders, one thing still limits growth: Cannabis companies’ lack of access to banking and financial services.

Until legislation like the SAFE Banking Act, which is currently in the House of Representatives, shifts the headwinds, cannabis companies will continue to have limited access to financial products most businesses take for granted. Here are some of the key challenges presented by the cannabis banking landscape today.

Wed
15
May

Why is THC still illegal in the country where it was discovered?

THC – short for Δ9-tetrahydrocannabinol – is the compound in cannabis responsible for all the hype and the one that has the mind-altering effects. But why is it still illegal in the country where it was first discovered?

Wed
15
May

Medicinal cannabis: Legalised yet impossible to access in the UK

On 1 November 2018, the UK changed the law on medicinal cannabis. Medicinal cannabis products were moved from schedule 1, meaning they have no medicinal value, to schedule 2, which allowed doctors to prescribe them under certain circumstances. This change to the Misuse of Drugs Regulations 2001 was partly a response to a rapid evidence review by the chief medical officer, which concluded that some medicinal cannabis products were effective for some medical conditions, and partly due to formal advice from the government’s Advisory Council on the Misuse of Drugs to change the schedule.

Wed
15
May

Thousands of patients apply for amnesty under Thailand's new medical marijuana Laws

Two months after the government of Thailand announced plans to legalize medical marijuana, writes Calvin Hughes, the country's top lawmakers have unveiled a new process to allow patients currently using cannabis to apply for protection from possession and consumption charges until the new law takes ef

Wed
15
May

Rules around cannabis edibles need to be set, says industry expert

As Canada prepares to legalize edible products containing cannabis, an industry expert says it's important for regulators to get the rules around the packaging and dosages of edibles set as quickly as possible.

Edible cannabis, cannabis extracts and cannabis topicals will become legal no later than Oct. 17.

"As the days tick by, that becomes ever more of a challenge for the market to react quickly enough and not have any kind of disruption when the new rules go into effect, to make it clear what will be required of industry when the time comes," Tom Adam told CBC's Information Morning. He works with BDS Analytics, a Colorado-based company that specializes in cannabis market research.

Tue
14
May

Cannabis education an early casualty of legalization, say industry insiders

Legalization may be making it harder for cannabis users to truly understand what they’re putting in their bodies, industry insiders say.

That’s because the legal recreational industry has been limited in terms of what it can tell consumers about the properties of pot, so it’s turning to catchy — but vague and often meaningless — branding instead.

Tue
14
May

Americans need to understand the laws surrounding marijuana and hemp

The recent legalization of hemp has brought much confusion to the American public, making it easier to unknowingly commit a crime.

Congress legalized hemp with the Farm Bill Act just a few months ago, and in doing so it also legalized the production of hemp. This made it so that the commercial production of hemp-made CBD oil is legal.

Now, since hemp is federally legalized – unlike its cousin marijuana, it is getting increasingly more important to understand the difference between the two.

Tue
14
May

Oregon’s solution for cannabis over-supply: Quit growing it

Let’s hear it for Oregon, where recreational cannabis is providing an ongoing lesson in elementary economics and the role of government in the marketplace.

Also, let’s hear it for Oregon, where the state’s cannabis producers have grown and processed so much product — a six or a seven-year supply, depending on who you ask, and that’s if every single plant currently under the lights or the sun were ripped out root-and-stem and never seen again. In Oregon, consumers are enjoying record-low prices.

Tue
14
May

Nations going to pot: Where cannabis is legal around the world, and where it isn’t

Check out the interactive map here.

Canada, the second nation to legalize recreational marijuana after Uruguay, appears to have had a global impact as more nations come on board.

New Zealand plans a referendum on legalization during next year’s election and Mexico also appears headed that way.

Luxembourg is poised to become the first European country to legalize recreational marijuana, and South Africa is moving in that direction. Israel’s Parliament approved a law allowing exports of medical marijuana. Thailand legalized medicinal use of marijuana, and other Southeastern Asian countries may follow South Korea’s lead in legalizing cannabidiol, or CBD

Tue
14
May

Cannabis smuggling arrests at LAX up 166% since legalization

Arrests for cannabis smuggling at Los Angeles International Airport are up 166 percent since the legalization of marijuana in California, according to a report from the Los Angeles Times. Officials at LAX reported that cannabis was discovered in checked luggage and carryon bags 503 times last year. In 2017 there were 400 reports for marijuana possession at the airport while in 2016, the year California voters legalized cannabis with the passage of Proposition 64, pot was found on 282 occasions. About 20 percent of those reports involved trafficking and the rest were related to passengers who had been found possessing weed or cannabis products in quantities consistent with personal use.

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