Global Ganja Report

The British government has finally capitulated to pressure from patients, activists and even regional authorities, and officially pledged to make medical cannabis products available on prescription this year. But it remains to be seen which products will win approval—and actual herbaceous cannabis is unlikely to make the cut.

A fire swept through one of California's premier cannabis cultivation facilities, at Greenfield in Monterey County's agricultural Salinas Valley—destroying several greenhouses, and a large quantity of product. Authorities say an investigation is underway. But the timing of the blaze does raise eyebrows—it started at exactly 4:20.

The main alcohol industry trade association has just signaled its support for cannabis legalization—despite a seeming history of intriguing against it. With a shift in public consciousness and potential for synergy in cannabis-infused wine, beer and cocktails, the booze biz may be adopting an attitude of "If you can't beat 'em, join 'em."

Compassionate care—providing medical marijuana to the ill—was what first opened legal space for cannabis in California a generation ago. But the state's Adult Use of Marijuana Act only regulates commercial businesses—leaving caregivers in legal limbo.

New York and New Jersey are notorious rivals. Especially New York City denizens see themselves as metropolitan sophisticates and view their neighbors across the Hudson River as rubes. But the two states are now racing to see which will legalize cannabis first. There are formidable obstacles in both states, but New Jersey is clearly ahead.

Sri Lanka has announced that it will start hanging drug convicts, ending a long moratorium on executions. Leaders explicitly hope to "replicate the success" of Rodrigo Duterte's bloody anti-drug campaign in the Philippines, which has now reached the point of mass murder. And while the imminent executions are for cocaine and heroin charges, the move comes amid a widening crackdown on cannabis. Yet proposals to allow medical cultivation provide some hope for a more tolerant model.

California health authorities dealt a blow to the burgeoning CBD business by banning preparations of the cannabinoid derived from industrial hemp rather than psychoactive cannabis. The diktat adds to the legal confusion around CBD, and highlights the need for greater clarity from the competent authorities at both the state and federal level.

In a fast and furious exchange of retaliatory tariffs, Donald Trump and Xi Jinping appear to have initiated a trade war this week. If Trump isn't careful, he could risk undermining the very domestic economic buoyancy that has helped sustain his popularity among his base. And the cannabis sector is particularly vulnerable, according to industry insiders.