capitalism

'Green gold' rush as Colombia legalizes medical cultivation

Posted on May 2nd, 2017 by Global Ganja Report and tagged , , , .

ColombiaAfter Colombia's government issued long-awaited regulations on legal cannabis cultivation for the medical market, the southern region of Cauca is anticipating a boom—and a fight for the soul of the nascent industry. On April 10, the Health Ministry released Decree 613, finally implementing Colombia's promised medical marijuana program. The decree guarantees "secure and informed" access to cannabis seeds by licensed companies, fully implementing the program established in principle by Law 1787, passed in July 2016.

Venture capital eyes legal cannabis sector —warily

Posted on April 25th, 2017 by Bill Weinberg and tagged , , , , , , , , , .

leafIt is certainly a sign of the times that a partnership of major California media—led by Bay Area News Group, owner of the San Jose Mercury News—has launched a website entitled The Cannifornian, "Covering the Golden State of Cannabis." That means it's dedicated to reportage on the fast-growing cannabis sector in post-legalization California. An April 25 offering, "Venture capital investors betting big on cannabis," notes that financial consultancy firm New Frontier Data is predicting nationwide legal cannabis sales will balloon to more than $24 billion by 2025.

Canada: long-awaited cannabis legalization bill introduced

Posted on April 13th, 2017 by Bill Weinberg and tagged , , , , , , , .

CanadaPrime Minister Justin Trudeau introduced legislation to legalize the recreational use of cannabis in Canada April 13, following through on a campaign pledge and ending a long wait by advocates and entrepreneurs. The new law would allow adults 18 and over to possess or share up to 30 grams of dried herbaceous cannabis, and to purchase cannabis or cannabis oil from retailers, to be regulated at the provincial level. Canadians would also be allowed to grow up to four plants per residence for personal use, and to prepare legal cannabis products at home. Cannabis-infused edibles are to be available for sale after the regulatory framework is developed and brought into force.

High NY hosts canna-biz networking confab

Posted on March 22nd, 2017 by Bill Weinberg and tagged , , , , , , , , , , , .

New York cannabisThe group High NY, "New York's Cannabis Community," hosted an event on "How to Apply Your Skills in the Cannabis Industry" at a Lower Manhattan venue the evening of March 22, featuring speakers with background in the biz from California, Massachusetts and the District of Columbia. Unlike these three polities, New York state has not legalized. But organizers took heart that on that very same day as their meet-up, chronic pain was added to the qualifying conditions under the Empire State's burgeoning if still limited medical marijuana program.

China launches first CBD research firm

Posted on March 20th, 2017 by Bill Weinberg and tagged , , , , , , , .

ChinaChina is to get its first company dedicated to research, development and marketing of medicinal products based on cannabidiol, or CBD. The firm, dubbed XiBiDi Biotechnology Co, is to operate out of Pudong Technology Park, part of the Shanghai Pilot Free-Trade Zone. It will initially offer hemp-derived CBD oil, as well as hemp-based foods and beverages, according to a press release from ChineseInvestors.com, or CIIX. The Chinese character "XiBiDi" is homophonic to "CBD" in English.

Capitalist plot seen behind Canadian cannabis raids

Posted on March 13th, 2017 by Bill Weinberg and tagged , , , , , .

CanadaCanada's prince and princess of pot, activist-entrepreneurs Marc and Jodie Emery, have been charged with multiple trafficking-related counts, following the March 9 raids on their Cannabis Culture outlets in Vancouver, Toronto and Hamilton, Ont. CBC News reports that the duo face multiple charges including drug trafficking, possession for the purpose of trafficking and conspiracy. Jodie Emery reacted to the busts by calling out the Trudeau government for hypocrisy. She told Canada's Global News: "If this is legalization, then Justin Trudeau lied to the Canadian people. This is a new form of prohibition." Urging Candians to call Prime Minister Trudeau and "ask why we're seeing more people being harmed under our so-called legalization than we ever saw under [ex-PM] Stephen Harper's anti-marijuana poicies."

Hackers hit cannabis dispensary tracking software

Posted on January 12th, 2017 by Global Ganja Report and tagged , , , , , , .

Shadow WatchAmid all the current paranoia about hackers infiltrating the highest levels of American politics comes the disturbing news that software used by cannabis businesses in over 20 states was attacked and compromised. The story was reported both by the cannabis industry trade website Marijuana Business Daily and tech sites that monitor such attacks, including Hackbusters and DataBreaches. The software, known as MJ Freeway, is used for "seed-to-sale" tracking of cannabis in states that have legalized or passed medical marijuana laws. The Denver-based company said its main servers and backup system both went down the morning of Jan. 8, and remained offline as of the next afternoon.

Massachusetts to get country's biggest legal grow

Posted on December 29th, 2016 by Global Ganja Report and tagged , , , , , , , , .

MassachusettsDenver-based AmeriCann is planning to develop what will be the United States' largest medical marijuana facility in Freetown, Mass. At one million square feet, the Massachusetts Medical Cannabis Center is planned for a tract in the Bristol County town formerly slated for a brewery by the Boston Beer Co. Boston Business Journal reports that AmeriCann bought the property this fall for $4.475 million. AmeriCann CEO Tim Keogh said the facility will be "the place in the northeast US for the creation of a wide variety of exciting new advanced products for medical cannabis patients."

Who's new

  • Baba Israel
  • Karr Young
  • John Veit
  • YosephLeib
  • Peter Gorman