Global Ganja Report

There is grim news from California, where cannabis industry profits are dropping, robberies of dispensaries are soaring, and police raids on unlicensed growers continue in the Emerald Triangle. Can the seeming slip back into pre-legalization dystopia be arrested?
 

In a paradox, New York authorities are finally unleashing the long-anticipated crackdown on the state’s legion and proliferating unlicensed cannabis retailers—while the licensing program continues to be slowed by obstacles, including legal challenges.

Small producers have long been wary of the cannabis industry coming under domination by multi-state operators with the worst practices of corporate America. But the revelations of Russian oligarch money in the coffers of leading MSO Curaleaf appear to vindicate even the most cynical observers. These follow a slew of controversies concerning product safety and labor rights at the company.

The arrival of a major US multi-state operator in Bangkok is a sign of the global cannabis industry's big ambitions for Thailand, the first Asian country to decriminalize. But with enabling legislation still pending, the regulatory environment remains uncertain.

Despite a heretofore uninspiring record, Biden is poised to complete a trifecta of long-sought reforms of federal cannabis law: giving the industry access to financial services, expungement of convictions for possession, and allowing medical research.

Legal action has blocked the issuing of several retail cannabis licenses in New York state, with a would-be entrepreneur arguing that equity measures favoring those with in-state cannabis convictions violate the US Constitution’s interstate commerce clause.

Small is Beautiful for the Berkshires’ Badass Bud

Nestled in the Berkshire Mountains of western Massachusetts is the town of West Stockbridge, where Wiseacre Farm boasts that it is the smallest artisanal cannabis producer in the commonwealth.

The Nov. 8 midterm elections saw mixed results for state cannabis legalization efforts. In Maryland, voters approved Question 4, amending the state constitution to permit the purchase and possession of up to 1.5 ounces. In Missouri, Amendment 3 passed, allowing adults to purchase and possess up to three ounces, with a provision for registered home cultivation. Similar measures failed in Arkansas and North and South Dakota. (Vox, CNBC)