Canadian pot businesses are simply flourishing, with economists expecting the cannabis market to grow into an $8 billion industry within just seven years. Although still paling next to the global opportunity, which is growing fast in its own right, the growth trajectory for Canadian weed shows no signs of slowing down well into the future. Eight Capital, an investment bank based in Toronto, conducted recent analysis into the Canadian market. It puts the potential of exporting medical cannabis alone at a whopping $142 billion over the next quarter-century. Reputable cultivators,…
Read MoreAuthor: kirstin jahn
Australian Police Seize Ice and Cannabis in Major Drug Sting
Police in Toowoomba and Warwick, with narcotics dogs at their sides, conducted a passive sting operation that resulted in several notices to appear in court on charges of drug possession. The combined effort on Saturday saw officers paying very surprise visits indeed to licensed operations in Allora, Warwick, and Toowoomba. Darren Tamblyn, detective sergeant at the Warwick Criminal Investigation Branch, said that while they found several people in possession of drugs, the wider public appreciated their efforts to crack down on drugs. “A number of people were given notice to…
Read MoreA Hypothetical Case for Legalizing Marijuana in Missouri
To avoid going to jail, Mark Shanklin from St. Louis needs to persuade the Missouri Supreme Court that voters in the state approved a farming-friendly constitutional amendment with the express intent of legalizing the cultivation of marijuana back in 2014 already. Forgetting for now the question of whether he will succeed or not, he argues in court on November 7, his case raises an important hypothetical. What would happen to Shanklin if, somehow, Missouri legalized cannabis? In this parallel state, Shanklin and others like him would not go to jail…
Read MoreAn Etiquette Guide to Entertaining with Weed
Since the start of this year, the masses moving to the coastlines of California for Hollywood, the tech industry, or just the freedom of the sun-soaked Wild West, are coming face to face with a new custom: Wherever they go, cannabis is seemingly everywhere. Now that it is legal recreationally, from San Francisco’s misty shores to the hills of Los Angeles, pot is as common as wine. Weed is widely available wrapped in boxes, or cooked into exotic edibles and multi-course meals. It has become an essential addition to casual…
Read MoreMichigan Invites ‘Mega’ Medical Marijuana Cultivators into State
The State of Michigan is opening its medical pot industry to massive-scale grow operations. This is according to a Thursday-released advisory. Last year, when the state Legislature passed bills to allow medical marijuana, it provided for three different classes of growing licenses: Class A permits up to 500 plants. Class B allows up to 1,000 plants. Class C licenses up to 1,500 plants. However, the legal advisory, released just last week, specifies that a single individual or business is able to apply for as many Class C licenses as they…
Read MoreWhat Will Happen To Maine’s Marijuana Tax Dollars?
On Thursday last week, a legislative committee decided to rewrite Maine’s recreational cannabis law to make the tax rate twice what it was before, give host towns a tax cut, and secure residents of Maine a two-year head start in the pot industry. However, leaders of the committee have concerns that the bill will not survive the LePage administration. They are worried that officials under LePage would shred the bill, either by delaying implementation of it or by vetoing it outright, even if a special legislative session passes the…
Read MorePDEA Supports Amending Medical Marijuana Bill
On Saturday, the Philippine Drug Enforcement Agency, or PDEA, expressed supportiveness toward passing a bill that will permit the use of cannabis for medical reasons, provided it be subject to heavy regulation under the country’s anti-drug laws. In a statement, Director General of the PDEA, Aaron N. Aquino, said, “PDEA supports the intention and purpose behind the proposed bill.” “The agency recognizes the need of patients to have access to safe, affordable, available medical cannabis prescribed by registered physicians in cases where cannabis has been found to be effective…
Read MoreOhio Releases Applicants for Medical Marijuana Cultivation Licenses
Ohio’s state regulator just released the names of those applying for one just of just 24 cultivation licenses for the state’s medical cannabis industry, but very little else. According to the Ohio Department of Commerce, which revealed the list of names, there are 185 applicants all vying to secure one of these licenses. The state is limiting the number of licensed growers to just 24, who will supply all of Ohio. Of the 185 applicants, 109 are competing for Level I licenses, of which there are only 12 available. A…
Read MoreWill Cannabis Find Favor with the New DEA Chief?
Marijuana is growing in popularity. Society is more accepting of it, as is the law in many states. However, experts do not expect that the Drug Enforcement Administration will change its views on legalization when President Donald Trump appoints a new head to run the agency. The federal authority responsible for the “war on drugs” has never been favorable toward pot, and a new DEA head will not change that. Experts do not believe pot policy will change within the DEA soon. In fact, they say that the Trump administration’s…
Read MoreIowa Medical Marijuana Board Leader Answers Four Pot Questions
A newly created advisory panel tasked with implementing expanded medical cannabis laws in Iowa is attempting to juggle the demands of a harried timeline with a desire to go slowly and avoid potential pitfalls that might accompany the state’s intention to approve more medical uses for cannabidiol, commonly called CBD. “I think the state of Iowa is trying to be careful but compassionate about how they roll this out,” says Mike McKelvey, police captain from Mason City and Governor Kim Reynolds’ choice for chair of Iowa’s Medical Cannabidiol Board,…
Read More