Global Ganja Report

Boomers are using cannabis more, with many turning to the herb as medicine to deal with the challenges of advancing years. They are also the generation that began the demographic tilt in favor of legalization. And unlike the "Zoomers" of Generation Z, they are resisting the lure of extracts in favor of old-fashioned dried flowers.

There is a discomforting sense that Mexico is perpetually on the eve of cannabis legalization, as the country's Congress wins a six-month extension from the Supreme Court to pass a law freeing the herb. But foreign capital is already eyeing Mexico's emergent legal cannabis sector—even amid a terrifying escalation in the bloody cartel wars. 

California is moving toward adopting official "appellations" for cannabis, certifying a strain's regional origin. The concept is inspired by the wine industry, where such a certification system has long been in place in several producer countries. Wine appellations, often a mark of prestige, provide a model for what is now to be applied to high-end cannabis.

The percentage of military veterans facing challenges from PTSD is staggering, but the Department of Veterans Affairs remains intransigent on allowing access to cannabis—the only treatment that provides relief for many. And there has been little progress on efforts in Congress to remedy the situation.

As a new law lifts restrictions on investment in Colorado's cannabis sector, many fear consolidation by big money—a concern uniting some small operators with cultural conservatives. But others see a growth opportunity for small enterprises.

Hemp and hemp-derived CBD were officially legalized under the 2018 Farm Bill, but the US Department of Agriculture has failed to bring its regulations into conformity with the new federal law—until now. Interim regs have just been issued by the USDA, with a 60-day public comment period to follow—meaning a final rule will likely be in place in time for next year's planting season.

Having cannabis removed from the federal list of controlled substances has long been the holy grail of legalization advocates. Several bills have now been introduced on Capitol Hill to do exactly that. Do any stand a chance of becoming law in the current polarized climate?

Bernie Sanders has released his plan for cannabis legalization, which features provisions to keep Big Tobacco from colonizing the new industry. But other exponents of corporate power are already getting a jump on the cannabis sector, and could just as effectively squeeze out independent operators.