Global Ganja Report

The networking group CannaGather held its fifth confab at lower Manhattan's Galvanize venue Sept. 28, bringing together some 200 entrepreneurs, investors, press and activists from throughout the New York metropolitan area. Inspired by the New York tech industry meet-ups of the dot-com boom in the late '90s, CannaGather hopes to similarly connect people in a burgeoning industry and help spur its growth.

Morocco has long been the world's leading cannabis producer, but the conservative monarchy has managed to keep any talk of legalization out of political discourse—until last year, when the country's biggest opposition party submitted a bill in parliament to at least allow cultivation for medicinal and industrial purposes. Now that effort has been dealt a setback, with the unexpected resignation of Ilyas El-Omari as head of the Authenticity and Modernity Party (PAM).

Hemp Business Journal reports that products infused with CBD oil are leading growth in hermp-derived products sold in the United States generally, which in 2016 had a collective retail value of $688 million. This figure represents a five year 22% compound annual growth rate (CAGR). Joining more traditional products such as shelled seed, protein powder, soaps and lotions, are growing lines of medicinal preparations such as CBD edibles. Hemp-derived cannabidiol (CBD) accounted for $130 million in sales last year.

Well, absolutely not, but you could be forgiven for thinking so, based on a cursory review of recent headlines.

Although it hasn't made much of a splash stateside, the big news in the South this week is the "marijuana scandal" surrounding a singer from the suggestively named K-pop boy-band Big Bang, who goes by the stage-name T.O.P.

Prime Minister Justin Trudeau introduced legislation to legalize the recreational use of cannabis in Canada April 13, following through on a campaign pledge and ending a long wait by advocates and entrepreneurs. The new law would allow adults 18 and over to possess or share up to 30 grams of dried herbaceous cannabis, and to purchase cannabis or cannabis oil from retailers, to be regulated at the provincial level. Canadians would also be allowed to grow up to four plants per residence for personal use, and to prepare legal cannabis products at home. Cannabis-infused edibles are to be available for sale after the regulatory framework is developed and brought into force.

Rep. Tom Garrett (R-VA) on Feb. 27 announced the introduction of legislation aimed at decriminalizing cannabis at the federal level. The ambitiously named "Ending Federal Marijuana Prohibition Act of 2017" would actually take cannabis off the federal controlled substances list—leaving regulation up to the states, and essentually giving the herb the same status as alcohol and tobacco. The bill revives an effort frst launched in the Senate by Bernie Sanders in 2015.

According to the latest World Drug Report (PDF) released by the UN Office on Drugs and Crime (UNODC), Morocco remains the planet's top producer of "cannabis resin" (hashish), followed by Afghanistan, Lebanon, India and Pakistan. Massive seizures continue to be regularly reported. As this month opened, security forces announced confiscation of over 4,000 tons of "cannabis" (probably hashish rather than unprocessed herb) at El Guergarat crossing on the border with Mauritania. (Moroccan news accounts did not mention that this is actually not in Morocco but in the Moroccan-occupied territory of Western Sahara.) The stash was hidden in a truck headed across the border; the driver was arrested and an investigation opened into a possible trafficking network linking Morocco to exit ports in West Africa.

Industrial hemp became legal in North Carolina on Oct. 31 as Gov. Pat McCrory failed to either sign or veto Senate Bill 313 after allowing it to sit on his desk for nearly a month. The bill mandates creation of a state Industrial Hemp Commission to oversee research in industrial hemp under terms of the new federal Farm Bill. The ultimate aim is to "provide opportunities to small farmers for an environmentally sustainable and profitable use of crop lands that might otherwise be lost to agricultural production," according to the text of the new law. A hemp cultivation pilot program is to be established by North Carolina State University.