Cannabis stocks paradoxically fall on Schumer legalization plan

Posted on July 21st, 2021 by Global Ganja Report and tagged , , , , , , .

capitolIt's been a week since Senate Majority leader Chuck Schumer of New York, joined by Sen. Cory Booker (D-NJ) and Sen. Ron Wyden (D-OR), unveiled much-anticipated draft legislation to legalize cannabis at the federal level, calling it a "long overdue" move "to right the wrongs of the failed war on drugs." The proposed Cannabis Administration & Opportunity Act would remove the plant from the Controlled Substances Act, and allow states to craft their own cannabis policies as they do with alcohol. It would also create a federal regulatory framework and impose an excise tax for cannabis products. It includes measures that would expunge prior convictions and allow those serving time for applicable crimes to petition for resentencing.

Mexico: high court decrees cannabis decrim — but will it roll back drug war?

Posted on June 29th, 2021 by Bill Weinberg and tagged , , , , , .

MexicoTwo years and counting after Mexico’s Supreme Court ordered the country’s Congress to legalize cannabis, the high court justices ran out of patience with the legislative paralysis and issued a new ruling — this one removing penalties for personal use by judicial decree.

But there is no provision for commercial production, and the decree calls for tight federal regulation even of personal possession and cultivation. Will this move prove to be at least a beginning in the daunting challenge of ending Mexico’s long and bloody narco-nightmare?

Rhode Island senate approves legalization bill

Posted on June 22nd, 2021 by Global Ganja Report and tagged , , , , .

RhodeWith little time remaining in the regular legislative session, the Rhode Island Senate has approved a bill to legalize the possession, purchase and cultivation of cannabis for personal use for adults 21 and older. S 568 would establish a Cannabis Control Commission to regulate the legal market, tax adult-use sales at 20%, and establish a social equity program to support communities disproportionately impacted by cannabis criminalization.

Morocco gets legal cannabis sector

Posted on June 19th, 2021 by Bill Weinberg and tagged , , , , , , , , , , .

MoroccoMorocco, long the world's largest illicit producer, is finally getting a legalized commercial cannabis industry, thanks to a law actually introduced by the current otherwise conservative government. The new law is designed to daylight traditional small growers in the marginalized Rif Mountains.

But the program is geared toward the export market and explicitly bars "recreational" use. It remains to be seen whether there will be a meaningful relaxation of increasingly militarized cannabis enforcement.

Legalization bill clears Connecticut legislature

Posted on June 19th, 2021 by Global Ganja Report and tagged , , , , .

ConnecticutThe Connecticut state Senate on June 17 approved a cannabis legalization bill—one day after the House passed a revised version of the bill that has the support of Gov. Ned Lamont. The legislation establishes a framework for a recreational market for adults over the age of 21.

Decrim bill clears Louisiana legislature

Posted on June 9th, 2021 by Global Ganja Report and tagged , , , , .

LouisianaThe Louisiana Senate voted 20-17 on June 7 to lift criminal penalties for possession of small amounts of cannabis. Introduced by Rep. Cedric Glover (D-Shreveport), HB 652 was overwhelmingly approved by the House in a 68-25 vote in last month. It now awaits the signature of Gov. John Bel Edwards.

Trulieve tainted by GOP sleaze

Posted on May 27th, 2021 by Bill Weinberg and tagged , , , , , , , , , , .

Shadow WatchThe sex scandal investigation of Florida's far-right Rep. Matt Gaetz interlocks with a controversy concerning favoritism in handing out medical marijuana licenses in the Sunshine State. And one of the key beneficiaries appears to be Trulieve, now one of the leading cannabis companies in the United States. The origins of the firm go back to a nexus of prominent state Republicans, including names currently making stomach-churning national headlines.

Alabama enacts (limited) medical marijuana law

Posted on May 18th, 2021 by Global Ganja Report and tagged , , , , , , , .

AlabamaAlabama's Gov. Kay Ivey signed a bill May 17 legalizing the use of medical cannabis products in the state—on strictly limited terms. The new law, coming after decades of Republican opposition, allows use of extracts, tinctures, tablets or gel cubes—but not herbaceous flower, or any other products that can be smoked or vaped. Edibles such as cookies or candies are also barred.

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