Global Ganja Report

The Green Party in Australia has just come out in favor of cannabis legalization, making a big media splash in the country. The Greens are a significant party in the Land Down Under, and all observers agree this marks a watershed moment. But it will be a challenge for the Greens to win enough allies in Parliament to make it happen.

Oakland-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.

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.

The Philippines' ultra-hardline President Rodrigo Duterte met in Manila on Aug. 8 with US Secretary of State Rex Tillerson, and came away gloating that the new administration in Washington is unconcerned with his blood-drenched "war on drugs," that has left perhaps 8,000 dead since he took office just over a year ago.

Three of the Balkan states to emerge from the ashes of Yugoslavia a generation ago are now among the first countries in the ex-communist world to move toward embrace of medical marijuana.

An Australian woman who has long provided free cannabis oil products to the ailing had her home in the Adelaide suburb of Hiller raided by police Jan. 4. The South Australia Police "reported" Jenny Hallam, 44, for drug charges after the raid turned up cannabis products and equipment. Her lawyer, Heather Stokes, said Hallam gives away the products, and her actions should not be regarded as criminal.

Australian police on Feb. 15 announced the seizure of 720 liters of liquid methamphetamine with an estimated street value of A$1 billion (about US$700 million)—hidden in gel bra inserts. The laundered bra shipment, which also included art supplies similarly used to hide the meth, were found in a storage unit in Sydney. Four were charged: three men from Hong Kong and a Chinese national. The joint operation involved the Federal Police, New South Wales police and Australian Border Force. "This has resulted in 3.6m individual hits of ice being taken off our streets," boasted NSW Justice Minister Michael Keenan. Officials said the operation began in December when Border Force examined a shipping container that had arrived from Hong Kong.

Australia is anticipated to soon legalize cultivation of cannabis for therapeutic and resarch purposes, following a bill introduced to Parliament in Canberra Feb. 10. The proposed legislation, backed by Prime Minister Malcolm Turnbull and leading political parties, would amend the Narcotic Drugs Act of 1967 to allow licensed cultivation and distribution of medical marijuana. The law would also change the Therapeutic Goods Act of 1989 to permit farmers to cultivate and distribute. Introduction of the bill follows recent moves by several Australian states and territories to provide patients participating in clinical trials with access to the herb.