capitalism

Coming soon: Marley Natural brand cannabis

Posted on November 20th, 2014 by Bill Weinberg and tagged , , , , , , , , , .

Bob MarleyReaction continues to mount to news that Bob Marley's name is to be further immortalized as a cannabis brand—not just a strain, but an actual brand name. Privateer Holdings, a Seattle-based private equity firm that invests in the cannabis industry, has struck a deal with the estate of the late reggae superstar to launch a global marijuana brand, Financial Times reports. The firm's Marley Natural subsidiary will start marketing its line next year, including "heirloom Jamaican cannabis strains," cannabis-infused skin creams and lip balms, and accessories such as vaporizers and pipes "based on those that Bob preferred." (Oh? Did Bob vape? Really?) Privateer CEO Brendan Kennedy said he is interested in markets including the Netherlands, Uruguay, Canada, Spain and Israel. 

Cannabis clubs register in Uruguay —but backlash brews

Posted on November 4th, 2014 by Global Ganja Report and tagged , , , , , , .

UruguayUruguay started registering cannabis growers' clubs at the end of October. Under the plan, licensed clubs of up to 45 members will be allowed to grow a maximum of 99 plants annually, with  each club member permitted to produce up to 480 grams per year. This is an advance on the regulation approved in August, allowing personal cultivation of up to six plants. (BBC News, Oct. 31) And the private sector may get on board next. The government's Institute for Control and Regulation of Cannabis (IRCCA) reports that 22 private companies—10 of them foreign-based—have expressed interest in producing or distributing cannabis in the small South American nation. (TeleSUR, Aug. 28)

Big Cannabusiness: Reconciling the Recreational Boom and the Medical Marketplace

CannabusinessOn New Year’s Day, as retail sales of cannabis went legal in Colorado, the state's dispensaries registered well over $1 million in sales. Despite cold and wet weather, most of the 36 shops that opened that day reported long lines, with some customers waiting outdoors for hours. By the end of the first week, by which time another dozen retail outlets had opened, the figure was a whopping $5 million. More than 100 dispensaries in the Centennial State have now received licenses for retail cannabis sales and over 500 are eligible to apply. More are applying every day.

"A new industry is developing in a nascent state in Colorado," says Rachel Gillette, director of the Colorado chapter of the National Organization for the Reform of Marijuana Laws (NORML). "We're not just talking about retail sales, but a lot of other types of business associated with it—construction companies, HVAC contractors, nutrient companies, lighting and equipment sales, packaging, printers, labeling, marketing materials, websites, marijuana tourism, attorneys, payroll companies… This could represent a lot of jobs."

Fortune magazine ranks top five global cartels

Posted on September 17th, 2014 by Bill Weinberg and tagged , , , , , , , .

Shadow WatchWell, this is really cute. With refreshing honesty, Fortune magazine on Sept. 14 issued a list of the "Fortune 5"—the biggest organized crime groups in the world, ranked by their annual revenue estimates. No sources are given, but the Fortune editors presumably relied on international law enforcement intelligence. The results are slightly surprising for those of us who grew up in the era of the Sicilian Mafia and Medellín Cartel. Brave new crime machines have long since eclipsed these entities from the global stage, and far outstripped their earnings from human trafficking, extortion, credit card fraud, prostitution and (above all) drug smuggling. In the number one slot, by a mile, is Yamaguchi Gumi, a wing of Japan's Yakuza, with revenue estimated at $80 billion. A distant second is Russian mafia group Solntsevskaya Bratva, with revenue at $8.5 billion. Three and four are two Italian outfits that have long superceded Sicily's Cosa Nostra: the Camorra, based in Naples, with revenues of $4.9 billion; and the 'Ndrangheta, based in Calabria, with revenues of $4.5 billion. Number five is Mexico's Sinaloa Cartel, with revenues of $3 billion.

Catalan authorities to rein in Barcelona cannabis clubs

Posted on August 5th, 2014 by Bill Weinberg and tagged , , , , .

SpainIn the past few years, Spain's freewheeling Mediterranean port city of Barcelona has come to rival Amsterdam as Europe's premier cannabis scene, with a proliferation of clubs where merry-makers openly light up. Now the Public Health Agency of the Generalitat de Catalunya has proposed tight new measures to regulate the clubs, and discourage the burgeoning cannabis economy.  The Generalitat, the regional government of Catalonia, has broad powers under Spain's decentralized system, although it cannot override Spanish national law. And Spanish law allows private cannabis use—or for users to unite in non-profit associations to smoke together. As Amsterdam has imposed restrictions on cannabis cafés, the number of clubs in Spain has surged from some 40 in 2010 to more than 700 today—more than half in Barcelona, the Catalan capital. But emergence of Spain as the "Holland of the South" has been viewed with dismay by Catalonia's straight-laced business elite.

Medical marijuana manufacturing guidelines issued by herbal medicine industry group

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

medical marijuanaThe American Herbal Products Association (AHPA) released its long-awaited medical marijuana manufacturing guidelines July 22, completing its compendium of industry standards which include regulatory recommendations for cannabis from seed to sale. The AHPA manufacturing guidelines come as licensed Colorado business At Home Baked sees the country's first medical marijuana product recall. A new nationwide program called Patient Focused Certification (PFC), a project of Americans for Safe Access (ASA), aims to bring greater standardization to the medical marijuana industry. The PFC program uses the recently completed AHPA guidelines in combination with standards set by American Herbal Pharmacopoeia (AHP) for the plant's identity, purity, quality and botanical properties. Together, these standards have the means to bring greater accountability to the industry and increased safety for patients.

LA marijuana farmer's market: scene report

Posted on July 17th, 2014 by John Veit and tagged , , , , , , .

Los Angeles' first-ever marijuana farmers market was ordered closed by an LA Superior Court judge July 15 after City Attorney Mike Feuer asked for a restraining order against the California Heritage Market. Over the weekend of July 4, the California Heritage Market, a marijuana collective, or dispensary as it is known to the "compassionate care" crowd, opened a warehouse for cannabis cultivators to peddle their products in an open-air atmosphere. Thousands waited for hours to wade through thick crowds looking for bargains among the 60 or so booths selling dried marijuana flowers, hash, oils, and creams. One bubbly vendor told the cameras that he "couldn't believe how high the demand was."

China's cannabis contradiction

Posted on June 29th, 2014 by Bill Weinberg and tagged , , , , , , .

ChinaOn June 26, International Day against Drug Abuse and Illicit Trafficking, China's Supreme People's Court announced with pride that a whopping 39,762 have been sentenced for drug-related offenses in the People's Republic the first five months of 2014, up more than 27% for the same period last year. The official state news agency Xinhua reported that a total of 9,168, or about 23%, were sentenced to more than five years, life imprisonment, or death. A quoted SPC official made much of a supposedly growing drug meance. "Drug-related crimes have been spreading from bordering and coastal areas to the country's inland," said deputy jurist Ma Yan. South China's Guangdong province, with its booming export zones and free-wheeling capitalism, has topped the list since 2007. Yunnan and Guangxi, bordering Southeast Asia's opium-producing Golden Triangle, also continued to report high rates of drug-related crimes. But such cases are also mushrooming in inland Chongqing and northern Liaoning, Ma said. No breakdown was provided of the substances in question, but a proporiton of the cases certainly included cannabis.

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