Share to Twitter Share to Linkedin The World Anti-Doping Agency is likely to retain a ban on the use of marijuana by athletes, despite pressure on the agency to change its policy on cannabis after U.S. sprinter Sha’Carri Richardson was barred from the Summer Olympic Games last year. According to a report from the Wall Street Journal published on Monday, the World Anti-Doping Agency (WADA) will keep cannabis on its list of banned substances for 2023. With the decision to continue the ban on cannabis by the governing body charged with preventing doping in international sports, athletes who test positive for cannabis in competition will face suspension from eligibility. Last year, WADA announced that it would conduct a scientific review to determine if cannabis should remain on the list of banned substances. The review was initiated with the encouragement of the U.S. Anti-Doping Agency, athletes and U.S. politicians after Richardson was kept off the … [Read more...] about World Anti-Doping Agency Retains Ban On Marijuana In Sports
Share to Twitter Share to Linkedin A California lawmaker on Wednesday introduced a federal bill that would allow small, licensed cannabis operators to sell and ship their products directly to consumers, including across state lines. Known as the Small and Homestead Independent Producers (SHIP) Act, the legislation was introduced in the U.S. House of Representatives on Wednesday by Democratic Rep. Jared Huffman of California. If passed, the SHIP Act would allow small cannabis farmers to send marijuana purchases to customers through the mail, including across state lines to consumers in other states with legal cannabis. Huffman represents California’s 2 nd Congressional District, which includes Mendocino, Humboldt and Trinity Counties, collectively known as the famed Emerald Triangle marijuana growing region that has exported illicit cannabis across the country for decades. Many cannabis growers in the area, most of whom operate on small, family-run farms, … [Read more...] about California Lawmaker Unveils Bill To Legalize Direct-To-Consumer Marijuana Sales Nationwide
Share to Twitter Share to Linkedin As Congress moves forward with proposals to legalize marijuana at the federal level, with the introduction of the long-awaited Cannabis Administration and Opportunity Act and subsequent historic Senate hearings, some questions remain about the details of what federal legalization should ultimately look like. In particular, what has emerged as one of the most contentious details when it comes to federal regulation of cannabis is the question of whether interstate cannabis commerce should be implemented with legalization, delayed for a few years, or barred altogether. For background, while cannabis is fully legal in over a dozen states across the country, and dozens more for medical use, while it remains illegal under federal law no cannabis products are allowed to cross state lines- no plants, no pre-rolled joints, no edibles, no tinctures, nothing. If it’s made in California it needs to stay in California. If it’s grown in … [Read more...] about Should Marijuana Legalization Include Interstate Commerce?
Argentina on Thursday authorized people to grow marijuana at home for medicinal use, delighting supporters of cannabis who have fought for years to make it widely available to patients suffering from a broad range of ailments. A decree issued by President Alberto Fernández also allows pharmacies to sell cannabis-derived oils, creams and other products, and it orders public and private insurance systems to cover these medications for patients who obtain a prescription. New Zealand to vote on legalising marijuana and euthanasia The president’s move significantly expanded the reach of a 2017 law that legalized medical marijuana. Supporters of medicinal cannabis say Fernández’s predecessor, Mauricio Macri, established restrictions so strict that it effectively made the drug inaccessible to patients. The measure is the latest step softening drug laws in Latin America. In 2017, Uruguay legalized recreational marijuana, which is sold in pharmacies, and Colombia established a … [Read more...] about Argentina to allow medicinal marijuana to be grown at home
Share to Twitter Share to Linkedin A third of drivers – 33 % – who drink alcohol and use marijuana at the same time reported getting behind the wheel two hours or less after consumption, more than the percentage of drivers who only use alcohol. And it’s a serious problem: the combination worsens driving performance more than either substance by itself. Those are the main findings of a new study from the Insurance Institute for Highway Safety , a nonprofit financed by the insurance industry, released earlier this month. “Alcohol impairment is associated with almost 30 percent of the fatalities on our roadways, and we have made very little progress to reduce this toll over the past three decades,” David Harkey, president of the Insurance Institute said in a statement. “Now we are adding another impairing substance to the mix.” For the study, researchers surveyed more than 3,000 adult drivers in Connecticut, Delaware, New York, North Carolina, South … [Read more...] about People Who Use Alcohol And Marijuana Simultaneously Often Drive Afterward
A total of 490 kilograms of dried marijuana worth 15 million baht in street value has been seized by Thai authorities in Bung Kan province in the far north-east of Thailand on the Mekong River, Saturday, but the suspected Laotian smugglers managed to flee. Bung Kan Customs checkpoint head Prasongsak Boonma said the four Laotian smugglers, who were bringing sacks of marijuana onto the Mekong riverbank on the Thai side early Saturday morning, quickly dropped the illicit drugs on seeing officers approaching and ran towards their boat, whose engine was still running, and headed back over to Laos. Acting on a tip-off that a huge drug haul was to be smuggled across the Mekong River from Laos to Thailand via Ban Nong Dern Tha in Tambon Nong Dern, officers from the Royal Thai Navy’s Mekong River Patrol Unit, Bung Kan police, and Bung Kan border patrol police division 244 jointly conduct a stakeout in an attempt to make arrests and impound the drugs. The marijuana batch was sent as … [Read more...] about Half a ton of marijuana seized in Mekong sting
Share to Twitter Share to Linkedin U.S. medical and adult-use cannabis markets have been growing in recent years as new states are increasingly regulating the sale of legal products for medical and recreational use. In such a scenario, cannabis cultivation plays an important key role in the market as it aims to guarantee the excellence of the products. In order to understand the future trends of cannabis cultivation in the U.S., cannabis data company New Frontier Data recently published a report that aims to explore several issues which producers must consider when operating to serve newly expanding markets. The report projects that over 27 million pounds of legal cannabis will be cultivated in the U.S. by 2030. According to the report, indoor, outdoor, and greenhouse facilities produced 10.2 million pounds of cannabis in the country as of 2021. But the launch of new legal markets on the East Coast and Midwest is expected to increase overall … [Read more...] about Report: Over 27 Million Pounds Of U.S. Legal Marijuana Industry Will Be Cultivated By 2030
Share to Twitter Share to Linkedin Cannabis industry mergers and acquisitions take many shapes, sizes, and forms. The trends surrounding this M&A activity are heavily influenced by investor sentiment, new market development, domestic and global political reforms, external economic pressures, and high-profile failures. While numerous groups look to deploy capital toward exciting opportunities with tremendous upside, others simply look to stay afloat. Much of this is dictated by management teams - their viability, industry intelligence, short- and medium-term strategic planning, lack of proficiency thereof, or the inability to follow Wayne Gretzky’s advice: “Skate to where the puck is going, not where it has been.” Instead of chasing what has already happened, cannabis industry operators must always try to stay a step ahead. In large part, due to the lack of real-time context in this decentralized and fragmented industry, management teams have difficulty … [Read more...] about What’s Next For Cannabis Mergers And Acquisitions?
Share to Twitter Share to Linkedin In the infamous words of Freddie Mercury, “another one bites the dust. ” In the early days of legal cannabis - a short six or seven years ago - investors came to our firm for guidance. They were proud to boast of their status as “medical cannabis investors.” But I was always left wondering what they really meant by that designation. When I hear “medical cannabis,” I think of UK-based, GW Pharma. In other words, products and companies that fall within the pharmaceutical regulatory lane. In my mind, a “medical cannabis investor” would be someone investing in a country’s medicinal cannabis program or scientific research. More often than not, these folks coming to our firm during the legal industry’s infancy had invested in dispensary franchises across California. Does that really classify that as medical? To me, what these investors were doing was akin to investing in a chain of liquor stores, rather than the medical … [Read more...] about The Fall Of Cannabis Industry Titans Is Not Surprising – It’s Natural
Share to Twitter Share to Linkedin On February 1, Senators Cory Booker and Ron Wyden, alongside Senate Majority Leader Chuck Schumer issued a joint statement announcing that marijuana reform bills would be merged as Congress moves toward some form of federal cannabis legalization . In the wake of this announcement, the cannabis market soared. Hopes are higher than ever that we are on the brink of widepsread cannabis reform in the United States and this would obviously have huge implications for the global marketplace and in turn, investment in the sector. The statement from these Senators echoed the sentiment of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act that passed the U.S. House of Representatives late last year . It focused on the social equity perspective and disproportionate criminalization of people of color in the War on Drugs. Further, that federal marijuana prohibition is critical to course correct, as well as measures … [Read more...] about Democratic Senators Elevate Federal Cannabis Reform To High Priority