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First canna-business wins approval to be listed on NASDAQ

Posted on February 28th, 2018 by Global Ganja Report and tagged , , , , , , , , , .

Shadow WatchIn a sure sign of changing times, the first cannabis-industry business has been listed on the NASDAQ stock exchange—raising clear questions about how long prohibition can hang on in the face of a burgeoning economic sector. Toronto-based medical marijuana producer Cronos Group won approval from the US Securities and Exchange Commission (SEC) to become the first cannabis company listed on NASDAQ, New York City's second biggest stock market, Bloomberg reported Feb. 26.

NYPD under fire over continuing racial disparity in cannabis busts

Posted on February 28th, 2018 by Global Ganja Report and tagged , , , , .

New York CityDespite repeated pledges by the New York Police Department and Mayor Bill de Blasio to lift the police pressure on cannabis, and especially to address the long-standing racial disparity in pot busts, all too little seems to be changing in Gotham. In a sometimes heated session, New York's City Council held hearings Feb. 26 to discuss new stats showing that despite a significant drop in cannabis arrests, the overwhelming majority of those busted remain Black and Latino.

Veteran cannabis activist Dana Beal busted —yet again

Posted on December 19th, 2017 by Global Ganja Report and tagged , , , , , , , , .

Dana BealDana Beal, a longtime fixture in New York City's cannabis activist scene, is once again back in the slammer. In this new misadventure Dec. 16, Beal was popped by sheriff's deputies in Northern California's Trinity County. He was reportedly pulled over near the town of Hayfork, and is currently being held in the jail at county seat Weaverville.

New York City's persistent cannabis dystopia

Posted on November 30th, 2017 by Global Ganja Report and tagged , , , .

New York CityNew York City, despite its liberal reputation, has long been the marijuana arrest capital of the USA. So many herbal advocates were heartened by the recent poll (carried out by Emerson College on behalf of the Marijuana Policy Project and Drug Policy Alliance) finding that 62% of New York's registered voters support legalizing and taxing cannabis to help close the state's budget gap, with 28% opposed. But some activists are quick to remind us that even as the public comes around on the question, all too little has changed on the city's streets.

Gotham ganjapreneurs schmooze at CannaGather confab

New York cannabisThe networking group CannaGather held its fifth confab at lower Manhattan's Galvanize venue Sept. 28, bringing together some 200 entrepreneurs, investors, press and activists from throughout the New York metropolitan area. Inspired by the New York tech industry meet-ups of the dot-com boom in the late '90s, CannaGather hopes to similarly connect people in a burgeoning industry and help spur its growth.

Damian Marley and investors purchase High Times magazine

Posted on June 1st, 2017 by Global Ganja Report and tagged , , , , , , , .

High TimesDamian Marley, youngest son of late reggae superstar Bob Marley, has joined with a group of Colorado cannabis entrepreneurs associated with the firm Denver Relief to buy controlling interest in High Times magazine, the counterculture icon with a valuation of $70 million. According to the San Francisco Chronicle, the deal includes websites, publishing and the Cannabis Cup trade shows and competitions.

Rainbow flag creator Gilbert Baker dead at 65

Posted on April 13th, 2017 by Global Ganja Report and tagged , , , , .

Gilbert BakerGay pioneer and artist Gilbert Baker, famous as creator of the iconic Rainbow Flag, died in his sleep at age 65 on March 31 at his home in Manhattan. Baker's first flag was an eight-colored banner that flew above the 1978 Pride festivities in San Francisco—then the Gay Freedom Day Parade. Baker, well known for making banners for gay and anti-war street protest marches, created the flag at the behest of his friend Harvey Milk—the gay community leader later elected a San Francisco supervisor, and assassinated that November. The flag has since become a global symbol of the LGBT community—raised at pride festivals worldwide, and forever flying over the corner of Castro and Market streets.

Mexican prosecutor jailed in New York on narco charges

Posted on April 9th, 2017 by Global Ganja Report and tagged , , , , , , .

MexicoEdgar Veytia, attorney general of Mexico's western state of Nayarit, was once himself targeted for death by the narco-gangs. But on April 8 he was ordered jailed by a US federal judge in Brooklyn, facing charges of trafficking cocaine, heroin and methamphetamine into the United States. Veytia, who has now won the epithet in Nayarit of "Diablo," allegedly netted at least $250 million in protection payments from a smuggling ring since his election in 2013, according to the Daily News.

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