-
Calls for drug law reform in Sweden as drug deaths continue unabated
Despite the large number of opioid-related deaths, the government has failed to introduce evidence-based health policies
Talking Drugs (UK)
Thursday, April 18, 2019The debate around Sweden’s zero-tolerance drug policy has been reignited in recent months, due to the approach’s failure to reduce drug deaths. Sweden currently has one of the highest rates of drug-related deaths in Europe. This rate is more than four times the EU average. The Swedish government claims its strict legislation is aimed at reducing drug use, but that may be on the rise too. Recent government data indicates a slight rise in cannabis use among young people, while “ecstasy” (MDMA) use is also on the increase. Possession of drugs for personal use continues to be criminalised, and can be punished by a fine or prison sentence. A majority of political parties in the government's Committee on Health and Welfare now support reevaluating this approach.
-
The cannabis ‘gold rush’ is underway and shows no sign of stopping, says pot CEO
Cannabis is an opportunity for monstrous tax revenue
CNBC (US)
Thursday, April 18, 2019With 33 states now offering some form of legal medical or recreational marijuana, and pot companies expanding their footprints across the country, the cannabis “gold rush” is underway — and it won’t stop anytime soon, says Ben Kovler, founder, chairman and CEO of Green Thumb Industries. “The opportunity in cannabis is here in the U.S.,” Kovler said adding that “the phone rings a lot” as companies in diverse sectors start to field opportunities in the space. “This is where the market is,” he said. “This is a $50 [billion] to $80 billion industry where total market capitalization is still under $15 billion. So it’s a really exciting time, and you can see that the U.S. is where the operators want to be.” (See also: Cannabis CEOs bet on US pot legalisation within a year | Canopy Growth CEO expects to hit $1B in revenue for fiscal year 2020)
-
These are the countries most likely to legalize weed next
Mexico? Likely. India? Not so much
Vice (US)
Wednesday, April 17, 2019In October 2018, Canada became the second country after Uruguay—and the first G7 nation—to legalize the recreational use of cannabis. Led by Prime Minister Justin Trudeau, politicians took the plunge largely to reduce underage access to weed. So who's next? To formulate some well-educated predictions, we spoke to an ace team of weed experts who have been on the frontline of reform, from region to region, for decades. Come with us as we peek into our bud-crusted crystal ball. “Mexico will almost certainly legalize and regulate in 2019,” said Tom Blickman, senior project officer at the Transnational Institute.
-
Canada's legal weed struggles to light up as smokers stick to black market
Six months after legalisation, licensed producers are unable to keep up with the demand or quality of neighborhood dealers
The Guardian (UK)
Wednesday, April 17, 2019When Melissa, a resident of Halifax, Nova Scotia, went to one of Canada’s first government cannabis stores, she wasn’t impressed. “You can’t look at what they have. You can’t smell the product,” she said. “It’s too expensive.” And so she, like tens of thousand of other Canadians, went back to their old habits: buying from neighbourhood dealers. Six months after Canada became the first G7 country to legalise marijuana, the bold experiment is still struggling to get off the ground. Legal producers were unable to meet the sudden surge in demand, and struggled for weeks to fill orders, leaving marijuana stores with empty shelves. As a result, the vast majority of cannabis sales in the country – roughly $5bn – are made on the illegal markets, compared to $2bn in legal sales.
-
Jamaica’s cannabis gamble
How to sell dope without provoking America
The Economist (UK)
Wednesday, April 17, 2019Jamaica is starting to think of cannabis as an opportunity. Uruguay, Canada and ten American states have legalised it for recreational use. Ganja, as Jamaicans call it, is a “growth-oriented industry”, says Audley Shaw, the agriculture minister. In 2015 Jamaica decriminalised the possession of small amounts and allowed its cultivation for medical use. But Jamaica’s welcome is wary. It is trying to cash in on cannabis without provoking the United States. The risk of miscalculation is high. The island has become a magnet for marijuana merchants. In September Aphria, one of three “golden boys” of Canadian weed, bought a 49% stake in a grower in Jamaica. (See also: Shaw says no to PC Bank as financial institution for ganja)
-
Boheco: This cannabis startup is weeding out the high notes for a hemp economy
Boheco is focused on establishing a scale-centric approach towards industrial hemp based products and raw material as well as cannabis-based medicines
The Economic Times (India)
Tuesday, April 16, 2019Bombay Hemp Company (BOHECO), is a first mover in the industrial hemp and medicinal cannabis’ space in India. Boheco slowly started making inroads in a space that had not been spoken about as openly before in the Indian context. And the results have been heartening for them and the industry as a whole. “Prior to 2013, hemp was rarely mentioned or raised as an interesting opportunity for new industrial and medicinal development horizons, primarily due to the pre-conceived stigma surrounding the recreational use of Cannabis combined with the fear of industrial and medicinal cannabis being misused and re-directed to the illicit cannabis market,” says Jahan Peston Jamas. (See also: Ratan Tata, Rajan Anandan back cannabis research firm)
-
Global cannabis investors souring on Canada's potential
Canadian cannabis companies were virtually unanimous in citing global expansion as a key element of their growth plans
CTV News (Canada)
Tuesday, April 16, 2019Six months after cannabis was legalized in Canada, many of the people in search of a financial windfall appear ready to turn their attention elsewhere. “We’re very bullish on the globe, on the U.S. -- not so much on Canada,” Loren DeFalco, partner at CB1 Capital, a New York based cannabis-focused investment advisory company, said at a cannabis investors’ conference in Toronto. His sentiments were echoed, in whole or in part, by other industry insiders. Reasons for the pessimism around Canada included advertising restrictions making it difficult to build a popular brand, consumers being unsure where to find trustworthy knowledge about cannabis and the slow rollout of retail distribution in Ontario and B.C., which has left many with no easy access to a physical cannabis store.
-
Lebanon’s green gold: The debate to legalize cannabis
Farmers see legalisation as the government stealing their revenue
Vice (US)
Monday, April 15, 2019Lebanon is about to take a historic step for the Arab World with a proposed bill to legalize the cultivation of cannabis for medical use. But in the fertile Bekaa valley in Eastern Lebanon, where communities have been growing cannabis for generations, this news has not gone down well. VICE’s Rony Karkar finds out why Lebanon is so keen to legalize cannabis, and travels to the village of Yammouneh, where one of the main cannabis farming communities live, to find out why they think they’ll lose out if their livelihood becomes legal.
-
Where the war on weed still rages
The numbers illustrate how marijuana enforcement continues to make up a big part of many police agencies’ caseloads
The Washington Post (US)
Monday, April 15, 2019Marijuana possession led to nearly 6 percent of all arrests in the United States in 2017, FBI data shows, underscoring the level of policing dedicated to containing behavior that’s legal in 10 states and the nation’s capital. But the figure obscures the considerable variations in enforcement practices at the state and local levels. In many areas of the country in 2016, more than 20 percent of all arrests stemmed from pot possession, according to newly released county-level arrest figures from the National Archive of Criminal Justice Data. The figure exceeds 40 percent in a handful of counties, topping out at nearly 55 percent in one Georgia county.
-
Germany: Drivers on cannabis will no longer automatically lose license
Experts have argued that cannabis users can still have THC in their blood even days after consumption
Deutsche Welle (Germany)
Friday, April 12, 2019First time offenders of driving under the influence of cannabis will no longer have their driver's license revoked, a federal court in Leipzig ruled. Instead, driver's license authorities must first declare with a medical evaluation whether or not the cannabis user was fit to drive. Under current law, a drivers license can be revoked if the driver is unable to drive due to the consumption of alcohol, cannabis or other drugs. In regards to cannabis, the law applied drivers caught with one nanogram per millimeter of tetrahydrocannabinol (THC) — the principal psychoactive constituent of cannabis — in their bloodstream.
Page 126 of 471