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Oakland measure against cannabis-fueled displacement

Posted on March 13th, 2018 by Bill Weinberg and tagged , , , , , , .

OaklandOakland's city council has passed an ordinance protecting tenants from being evicted by cannabis businesses in the city's "Green Zone." Artist housing in post-industrial areas is especially at risk. Oakland is committed to a policy of "cannabis equity," in which the cannabis economy is daylighted with a sense of social justice. But this does point to the dilemma of cannabis-fueled displacement—a phenomenon also reported from places like the more freewheeling Denver, which are less committed to principles of equity.

$57 billion world cannabis market foreseen

earthOakland-based cannabis industry research firm ArcView Group has released a new study, ambitiously entitled "The Road Map to a $57 Billion Worldwide Market." It provides a sweeping overview of recent progress and future prospects for legal or medical herb across the globe. But it also warns that, due to continued legal restrictions and bureaucratic overstretch, the market is in most areas bottlenecked from achieving its potential.

UN report: United Kingdom top legal cannabis producer

Posted on March 9th, 2018 by Global Ganja Report and tagged , , , , , , , , , , .

cannabisA United Nations study brings back the surprise finding that the world's biggest producer of legal cannabis is Great Britain. The answer to this seeming anomaly lies in one UK-based multinational corporation with industrial-scale grow operations for production of pharmaceuticals.

Panama parliament debates medical marijuana measure

Posted on March 8th, 2018 by Global Ganja Report and tagged , , , , , .

Central AmericaPanama may be the next Latin American country to pass a medical marijuana law, with the nation's National Assembly now debating a measure. But, in sharp contrast to that in neighboring Colombia, the Panamanian program would fly pretty close to the ground. In a play to social conservatives, the law would only allow imports, and users would be limited to extracts rather than herbaceous cannabis. And even this may face a fight from opposition lawmakers.

First canna-business wins approval to be listed on NASDAQ

Posted on February 28th, 2018 by Global Ganja Report and tagged , , , , , , , , , .

Shadow WatchIn 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.

Mendocino cannabis company in showdown with authorities —already

Posted on February 2nd, 2018 by Global Ganja Report and tagged , , , , , , , .

CaliforniaJust 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.

Litigation challenges California cannabis regs

Posted on January 31st, 2018 by Global Ganja Report and tagged , , , , , .

CaliforniaSmall growers were dismayed when the regs overseeing the legal cannabis economy were released by California state authorities last year, placing no effective limits on acreage that can be used by a single grower. This led to fears that agribusiness could convert huge holdings in the Salinas and Central valleys to cannabis cultivation, and force the traditional small growers of the Emerald Triangle off the market. Now the California Growers Association is challenging the regs in the courts, demanding a one-acre cannabis grow cap.

Global medical marijuana industry has sights on Colombia

Posted on January 28th, 2018 by Global Ganja Report and tagged , , , , , , .

ColombiaColombia, 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.

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