Global Ganja Report

Philadelphia 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."

After years of research into the question, in July of last year Israeli authorities made post-traumatic stress disorder the only psychiatric condition for which the Health Ministry will approve the use of medical marijuana. The decision, backed by the Israel Psychiatric Association, was a cause for optimism among many Israeli veterans suffering from PTSD. But a sobering account in Israeli daily Haaretz Dec. 8 finds that actually getting the stuff has proved difficult for sufferers—starting with the problem of getting the necessary doctor's recommendation, and then bureaucratic obstacles once they do. "We are a very small group of three or four psychiatrists who believe that in some PTSD cases cannabis is helpful," said psychiatrist Dr. Ilya Reznik, an Israeli executive board member of the International Association for Cannabinoid Medicines. "The pressure on our clinics is impossible. This is partly because people who get a permit and don’t come in every three months for follow-up risk losing their permit."

There have been quite a few histories of cannabis culture and politics, but Bruce Barcott's Weed The People: The Future of Legal Marijuana in America is the first to examine the cannabis industry and its future prospects at a moment when it is taking flight. His opening overview of how we got to this point is engaging if not always strictly accurate (he loans too much credence to the '70s paraquat scare). He notes the litany of US government reports back to the 1920s exculpating cannabis of the calumnies against it—all ignored by the very government that commissioned them. He details the bureaucratic obstacles that have been raised to research on cannabis' medical benefits. And he relates the passing of the torch (or, more literally, the joint) from the jazz scene to the beatniks to the hippies to the mainstream.

Saudi Arabia's Interior Ministry announced last month that authorities in the desert kingdom have seized more than 28 tons of hashish and some 22 million amphetamine pills over the past eight months, as well as 57 pounds (26 kilograms) of heroin. They also  arrested 1,776 suspected smugglers and seized 1,230 weapons, including 184 automatic rifles. This actually represents a drop in interceptions from the previous year's figures, also announced at the end of Islamic calendar. The Ministry's Maj. Gen. Mansour al-Turki attributed the decline to escalated security along the border and harsh punishments for convicted smugglers. (Saudi Gazette, Nov. 17)

After 50 years of internal war, Colombia finally seems to be approaching a peace accord with leftist guerillas. But the US Senate is considering legislation that could throw a big obstacle on Colombia's path to peace. The Transnational Drug Trafficking Act, sponsored by Chuck Grassley (R-IA) and Dianne Feinstein (D-CA), aims to target every link in the chain of narco-trafficking—right down the impoverished peasants who grow the coca. The bill has unanimously passed the Senate twice before, but has never cleared the House. On Oct. 7, it passed the Senate a third time, and a big push is on to make it law of the land. "Since drug cartels are continually evolving, this legislation ensures that our criminal laws keep pace," said Grassley, who chairs the Senate Judiciary Committee and the Caucus on International Narcotics Control.

Two nephews of the wife of Venezuela's President Nicolás Maduro were arrested this week in Haiti, turned over to DEA agents and flown to the United States to face drug trafficking charges, the New York Times reports Nov. 11. The two men, Efraín Antonio Campo Flores and Francisco Flores de Freitas, are nephews of Cilia Flores—called by the populist Maduro the "First Combatant" rather than first lady. Flores is a powerful political figure in her own right, and is currently running for Venezuela's congress with the ruling party. The nephews are expected to appear this week in Federal District Court in Manhattan. They were charged in a sealed indictment accusing them of conspiring to ship 800 kilograms of cocaine to the United States, to be sold in New York City, according to a "person with knowledge of the matter."

Well this is rich. Just one month after a Qatari diplomat was busted for hashish smuggling at Egypt's main airport, AFP news service now reports that Saudi Arabia's Prince Abdel Mohsen bin Walid Bin Abdulaziz and four companions were detained at Beirut International Airport in what Lebanese authorities are calling the biggest bust in the facility's history. The prince was popped while "attempting to smuggle about two tons of Captagon pills and some cocaine," a security source told AFP. The source said the drugs had been packed into cases that were waiting to be loaded onto a private plane headed to Saudi Arabia—a whopping 40 suitcases full of Captagon, according to Lebanese media accounts.

Oxford University scholar Maziyar Ghiabi has a startling piece in Britain's The Conversation website (reprinted in The Independent) asserting that Iran's leaders are considering legalization of cannabis and opium. The Islamic Republic certainly lives up to its rep as a puritanical police state. Ghiabi admits that up to 70% of its inmates are charged with drug-related offenses (out of a total prison population of some 225,000, according to the World Prison Brief website). We've also noted a recent surge in executions in Iran, contributing to a global spike in death penalty use over the past two years. As Ghiabi writes: "Drug traffickers risk harsh punishments that include the death penalty." But he also tells us that Iran is now pursuing the kind of harm reduction policies that actvists have long pressed for in the US, including "distribution of clean needles to injecting drug users, methadone substitution programmes (also in prisons) and a vast system of addiction treatment."