capitalism

DEA to re-schedule cannabis this summer: reports

Posted on June 20th, 2016 by Bill Weinberg and tagged , , , , , .

THCThe Internet is atwitter over a June 19 report in the Santa Monica Observer with the headline: "US Gov't Will Legalize Marijuana on August 1." The article claims that "weed will soon be legal in all 50 states, with a prescription," thanks to the imminent government action, with cannabis about to be switched from Schedule I to Schedule II. An unnamed DEA attorney is quoted as saying: "Whatever the law may be in California, Arizona or Utah or any other State, because of Federal preemption this will have the effect of making THC products legal with a prescription, in all 50 states." The story also cites a June 17 article in the Denver Post asserting (with no attribution) that the DEA will issue a decision in the matter by July 1.

Microsoft moves into cannabis sector

Posted on June 17th, 2016 by Global Ganja Report and tagged , , , , .

Shadow WatchIn a sure sign of changing times, Microsoft just broke what the New York Times calls the "corporate taboo" on pot this week, announcing a partnership to offer software tracking cannabis from "seed to sale."  A new product in Microsoft's cloud computing business, the software will help states that have legalized medical or recreational use to monitor sales. Microsoft's partner is KIND Financial of Los Angeles, a leader in technology for cannabis compliance. The partnership, KIND Government Solutions, will market Agrisoft Seed to Sale. A company press release said the product "closes the loop between marijuana-related businesses, regulatory agencies, and financial institutions."

Sonoma cannabis company raided

Posted on June 17th, 2016 by Global Ganja Report and tagged , , , , , , .

CaliforniaOn June 15, DEA agents and Sonoma County law enforcement raided six facilities associated with Care By Design (CBD), a Santa Rosa company that produces cannabis oils, tinctures and sprays under the Absolute Xtracts brand. The raid comes just days after the company hosted local and state officials at its facilities to discuss regulations for the emerging industry. CBD co-founder Dennis Hunter was arrested and charged with a felony for manufacturing a controlled substance by chemical extraction (a law created for meth labs). He is being held on $5 million bail. Equipment and payroll records were also seized. The company is apparently accused of using butane gas to produce concentrated cannabis oil—a practice banned in California. (Santa Rosa Press-Democrat, High Times, CBD press release via Weed Blog)

Canada's Countdown to Cannabis Legalization

 Canada

After nine years of Conservative rule, Canada's Liberal Party had a momentous election night on Oct. 19, gaining a majority of seats in Parliament and a new prime minister in Justin Trudeau. The handsome and charismatic son of Canada's most formative prime minister, Trudeau had worked as a school teacher in Vancouver before becoming a parliamentarian representing Quebec. He promised a new beginning in Canadian politics—and a break with the increasingly right-wing policies of his predecessor, Stephen Harper. It remains to be seen if he will able to follow through on his ambitious promises—including to legalize cannabis.

Supreme Court deals blow to Oakland medical program

Posted on March 22nd, 2016 by Global Ganja Report and tagged , , , , , , .

OaklandIn a blow to municipal power to regulate medical marijuana, the US Supreme Court on March 21 refused to hear Oakland's appeal of last year's ruling by the 9th Circuit Court of Appeals that the city cannot help defend Harborside Health Center in federal court. The Justice Department has been trying to shut down the flagship dispensary on the Oakland waterfront—dubbed a "superstore" by US attorney Melinda Haag. The city of Oakland tried to intervene in the case, asserting that Harborside's closure would rob the cash-strapped municipality of millions in tax revenues.

Mexico's manufactured cataclysm

Posted on February 15th, 2016 by Bill Weinberg and tagged , , , , , , .

narco historyIt takes a strong stomach to wade through the relentless parade of horror that is A Narco History. But if you really want to grasp "How the United States and Mexico Jointly Created the 'Mexican Drug War'," as the subtitle promises—this is the book to read...

Co-authors Carmen Boullosa and Mike Wallace open with a chillingly detailed depiction of the grisly end met by 43 student protesters in Guerrero state, who were in September 2014 abducted by police and turned over to a mass-murdering narco-gang. What authorities believe to be their burnt remains were left in garbage bags at the bottom of a canyon.

Oregon tribe embraces cannabis economy

Posted on December 24th, 2015 by Global Ganja Report and tagged , , , , , , .

OregonMembers of the Confederated Tribes of Warm Springs, on the eastern slopes of Oregon's Cascade Mountains, voted up a proposal to permit growing, processing and selling cannabis for the recreational market, tribal officials announced Dec. 18. The referendum passed by an impressive 86%, said Don Sampson, CEO of Warm Springs Ventures, the tribes' economic development corporation. Sampson told The Oregonian that the election drew about 1,400 voters who "turned out even in a winter storm." Turnout among youth was especially strong.

Merrill Lynch mulls corporate cannabis

Posted on December 18th, 2015 by Bill Weinberg and tagged , , , , , , .

Shadow WatchPhiladelphia Inquirer columnist Chris Goldstein got hold of a leaked 45-page internal equity report from high-finance titan Merrill Lynch, wealth management division of Bank of America, looking at the future prospects for America's cannabis industry. Goldstein wrote it up for his occassional series Philly420 Dec. 8 under the title "Merrill Lynch is bullish on marijuana." Goldstein finds: "Carefully researched, it was an interesting peek at how heavy hitters on Wall Street are starting to view the expanding industry."

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