Global Ganja Report

A group of attorneys general from 38 states and territories penned an open letter urging Capitol Hill to pass a pending bill to allow cannabis businesses access to the federal banking system.

The federal bureaucracy is starting to catch up with the law, following passage of the ground-breaking 2018 Farm Bill. The US Patent Office has issued guidelines for trademarks on CBD products, while the Agriculture Department is preparing to recognize intellectual property in hemp varieties.

A new report by the British think-tank Prohibition Partners foresees a $5.8 billion cannabis market in Asia by 2024—if the tentative seeds of liberalization now witnessed across the continent in fact bear fruit.

China's ambition to get in on the "cannabis boom," providing hemp for the global CBD market, is now making international headlines. But marijuana is more harshly proscribed in China than just about any other country in the world, and the People's Republic continues to execute thousands every year for drug crimes.

Two Israeli ex-prime ministers are now involved in the cannabis industry, and legalization became a key issue in this month's elections. But in a case of strange bedfellows, legalization was aggressively taken up as a campaign plank by the far right.

New York state's second city of Buffalo has long been a national symbol of rust-belt economic and infrastructural decay. Now urban planners have approved a massive cannabis facility backed by California capital for the city's long-inactive waterfront. Buffalo's boosters say the project could turn the Great Lakes region into a leading global hub of cannabis output.

California's Native American nations were completely overlooked in the text of Proposition 64, and its enabling legislation. Now one tribe in San Diego County has staked its economic future to legal cannabis—and is standing up for its rights.

The news that CBD products will be arriving at Walgreens and CVS drugstore chains can be seen as further progress for the normalization of cannabis. But it is also a further indication of corporate control of the new cannabis economy.