Cannabis Market Reports

News Blog

Federal bill introduced to legalize CBD extract

capitolUS Rep. Scott Perry (R-PA) on July 29 introduced a bill to legalize cannabidiol (CBD) oil on a national level, citing its effectiveness in treating seizures in children suffering from epilepsy. The "Charlotte's Web Medical Hemp Act of 2014" would remove CBD oil and "therapeutic hemp" from the federal definition of marijuana...

Read More
Global Ganja Report News Blog

Michoacán cartel boss 'killed' —again!

Posted on March 11th, 2014 by Global Ganja Report and tagged , .

MexicoHere we go again. Mexican authorities announced March 9 the death of Michoacán's top drug lord Nazario Moreno AKA "El Chayo" in a shoot-out that erupted when a mixed force of military and federal police troops raided his 44th birthday party in the pueblo of Apatzingán. Also known as "El Más Loco" (the Craziest One), "El Macho Loco" and "El Doctor," Moreno was the founder of both La Familia cartel and its offshoot, the Knights Templar. But there is an all-too-familiar sense of deja vu here: this is the second time that El Chayo was reported killed in a shoot-out with federal cops in Apatzingán. The first time was in December 2010, although authorities didn't produce the body. This time they have, and boast positive forensic identification. (Univision, March 10; BBC News, La Jornada, AP, Milenio, March 9)

Michoacán crackdown on narco-mineral nexus

Posted on March 8th, 2014 by Global Ganja Report and tagged , .

MexicoMexican authorities on March 4 announced the seizure of 119,000 tons of iron ore—with an estimated value of $15.4 million—along with 124 bulldozers, backhoes and trucks at Michoacán's Pacific seaport of Lázaro Cardenas, following tips about drug cartels exporting black-market ore to China.  More than 400 federal police and military troops were involved in the coordinated raids on 11 processing facilities in the port city. Six Chinese workers at the sites were arrested, apparently on immigration charges. The federal security commissioner for Michoacán, Alfredo Castillo, told Periódico Digital that the ore is being tested to determine which mines it came from in order to crack down on the operation. In November 2013, the Mexican Navy took control of Lázaro Cardenas to cut off illicit exports for the Knights Templar drug cartel. (Metal Miner, March 7; Mining.com, Port Technology, March 4)

Jamaica to decriminalize ganja 'this year'?

Posted on March 8th, 2014 by Global Ganja Report and tagged , , , , .

CaribbeanThere has been mounting speculation in recent months that Jamaica is really about to finally decriminalize ganja (as it is ubiquitously called there, even in official circles). But now there has been something approaching official confirmation. A March 6 report on MercoPress news service cites a statement from Dealana Seiveright, leader of the Caribbean nation's Cannabis Commercial and Medicinal Research Taskforce (CCMRT), in turn quoting a statement from Science, Technology, Energy and Mining Minister Phillip Paulwell, who assured that "ganja will be decriminalized in Jamaica this year and emphasized that Jamaica cannot be allowed to be left behind on the issue."  Seiveright added: "He also reiterated the multiple economic, social and cultural benefits that Jamaica stands to gain if the laws are adjusted sooner rather than later."

UN report bashes legalization; Uruguay talks back

Posted on March 7th, 2014 by Global Ganja Report and tagged , , , .

earthIn its newly released annual report, the UN International Narcotics Control Board (INCB) on March 4 took aim at legalization initiatives in Colorado and Washington states, urging the US federal government to ensure that anti-drug treaties are "fully implemented on the entirety of its territory." INCB president Raymond Yans said the Colorado and Washington laws "contravene the provisions of the drug control conventions, which limit the use of cannabis to medical and scientific use only." Also singling out the new legalization policy in Uruguay, he added that such initiatives pose "a very grave danger to public health and wellbeing." (BBC News, The Guardian, March 4)

Egypt: Muslim Brotherhood scion busted for hashish

Posted on March 3rd, 2014 by Global Ganja Report and tagged , , , .

Middle EastEgypt's Ahram Online reports March 2 that Abdullah Mohamed Morsi—the son of ousted president Mohamed Morsi of the ultra-conservative Muslim Brotherhood—was arrested for possession of hashish. The young Morsi and a friend were detained at a security checkpoint in the Nile Delta's Obour City, Qalyubia governorate, where officials say they found two "joints of hashish" (presumably hash-laced tobacco) in their car. The two were released after they agreed to give blood and urine samples, which could result in their conviction. Abdullah's brother, Osama Morsi, condemned the arrest on his Facebook page, asserting the claim of drug possession is being used to "taint the image of honest people."

Mexican feds: 'Got Shorty!' El Chapo busted —at last

Posted on February 22nd, 2014 by Global Ganja Report and tagged , .

MexicoMexican authorities on Feb. 22 announced the arrest of the country's top drug lord, the notorios Joaquin Guzmán Loera AKA "El Chapo" (Shorty)—who had eluded capture for over 10 years, despite a supposed manhunt and a massive price on his head. Chapo was detained in Mazatlán, Sinaloa, and immediately transfered by Federal Police helicopter accompanied by an escort of two armed forces helicopters to the top-security Federal Center for Social Rehabilitation No. 1 at Altiplano, México state. The prison has since been under escalated security measures, ringed by armed troops, with nearby highways patrolled by convoys of Federal Police vehicles. (La Jornada, Feb. 22)

Cannabis decrim bills introduced in Mexico

Posted on February 21st, 2014 by Global Ganja Report and tagged , , , , .

MexicoLawmakers from Mexico's left-wing Party of the Democratic Revolution (PRD) introduced legislation last week to decriminalize cannabis in an effort to curb cartel violence. One bill, introduced in the federal Congress, builds on the partial decrim passed in 2009, increasing "personal use" quantities from five to 30 grams. It also includes provisions allowing for use of medical marijuana. Another bill in the Federal District's Legislative Assembly would instruct police and judges in Mexico City to deprioritize prosecution of cannabis violations. It would also create "tolerance zones," where cannabis could be sold openly, and "dissuasion commissions" to which violators could be assigned in lieu of criminal charges.

Medical marijuana advocates welcome banking policy change

Posted on February 14th, 2014 by Global Ganja Report and tagged , , , .

Shadow WatchMedical marijuana advocates are applauding a new memorandum (PDF) issued Feb. 14 by the US departments of Treasury and Justice giving long-awaited guidance to financial institutions to provide services to cannabis-related businesses in states where such commerce is legal. The memo "clarifies customer due diligence expectations and reporting requirements for financial institutions seeking to provide services to marijuana businesses," said a press release issued by the Treasury Department's Financial Crimes Enforcement Network (FinCEN). The memo also includes clarity for credit card service companies, such as VISA and MasterCard, whose services for cannabis-related businesses had also been suspended for years.

Who's new

  • John Veit
  • YosephLeib
  • Peter Gorman
  • jpproject
  • garrick beck