Global Ganja Report

In 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.

Just little over a week before legalization took effect in California on Jan. 1, state police stopped a truck hauling 1,875 pounds of cannabis in Mendocino County, seizing the goods and slapping the two occupants with misdemeanor possession charges. This despite the fact that they were hauling for their employer, Ukiah-based Old Kai Logistics, and had paperwork showing the firm is licensed by county authorities. It remains to be seen if prosecutors will pursue the case in light of legalization, and the affair has enflamed suspicions between growers and authorities at a critical moment.

Colombia, long notorious as a violence-torn drug war dystopia, is now set to become a global leader in legal production of cannabis for the medical market. Vancouver-based International Cannabis Corp, also known as ICC Labs, is the latest foreign company to win a production license in the South American country. ICC Labs says it intends to cultivate "non-psychoactive" cannabis plants containing the cannabinoid CBD to produce various medicinal products for domestic and international distribution.

So California's rebel rednecks think they're taking Humboldt County with them when they leave the state, it appears. The latest split-the-state initiative was unveiled at a Sacramento press conference Jan. 16, covered by USA Today. "The current state of California has become governed by a tyranny," the group declared. Their proposed solution is to form the state of "New California," taking most of the rural counties with them, and leaving behind the heavily urbanized coast.

Many things are falling into place as Canada advances toward legal cannabis, expected to take effect this summer. Provinces are to come up with their own policies on regulation, and these are now congealing. The government of Nova Scotia has agreed on a plan to market retail cannabis at liquor stores through the provincial public company that now maintains a monopoly on alcohol sales, the Canadian Broadcasting Company reports. At the other end of the continent, British Columbia is also said to be considering such a plan.

As California legalizes cannabis on Jan. 1, it will be opening the door to multiple conflicts with the federal government. How state and federal authorities manage to negotiate the overlapping jurisdictions with now completely contradictory policies will be interesting to watch. In one obvious example, the Associated Press notes that state legalization won't stop federal agents from seizing even in small quantities at checkpoints they maintain on the Golden State's busy freeways.

Media accounts mostly played it for laughs when a confused pot dealer cluelessly got into a police car outside Copenhagen's famous squatter community of Christiania on Dec. 21, apparently thinking it was a taxi-cab. The cops searched him and found 1,000 pre-rolled joints.