Global Ganja Report

A group of attorneys general from 38 states and territories penned an open letter urging Capitol Hill to pass a pending bill to allow cannabis businesses access to the federal banking system.

The federal bureaucracy is starting to catch up with the law, following passage of the ground-breaking 2018 Farm Bill. The US Patent Office has issued guidelines for trademarks on CBD products, while the Agriculture Department is preparing to recognize intellectual property in hemp varieties.

Senate Minority Leader Chuck Schumer announced that he will reintroduce his bill to remove cannabis from the federal list of controlled substances—allowing states to set their own laws to regulate the plant without the shadow of Washington interference.

A new report by the British think-tank Prohibition Partners foresees a $5.8 billion cannabis market in Asia by 2024—if the tentative seeds of liberalization now witnessed across the continent in fact bear fruit.

The arrest of three, including two Bulgarian immigrants, in what is being billed as a "kidnapping" plot against a Humboldt County cannabis grower has shocked the Emerald Triangle. With the accused allegedly seeking to scapegoat "Mexicans" in the caper, the case crystalizes the xenophobic stigma attaching to Northern California's cannabis economy—even now.

China's ambition to get in on the "cannabis boom," providing hemp for the global CBD market, is now making international headlines. But marijuana is more harshly proscribed in China than just about any other country in the world, and the People's Republic continues to execute thousands every year for drug crimes.

New York City's annual Cannabis Parade, launched long ago by Yippie counterculture freaks, this year headlined one of the Big Apple's highest officials, Public Advocate Jumaane Williams—a sure sign of that the leaglization cause has hit the mainstream. However, politicking in the statehouse in Albany has stalled passage of a long hoped-for legalization bill.

As New Zealand waits on a promised cannabis legalization referendum, a domestic industry is starting to blossom, with big capital inflows reported. But police cannabis seizures are actually up—and the government even shows sings of wavering on following through with its commitment to hold a binding referendum.