Global Ganja Report

Philadelphia Inquirer columnist Chris Goldstein got hold of a leaked 45-page internal equity report from high-finance titan Merrill Lynch, wealth management division of Bank of America, looking at the future prospects for America's cannabis industry. Goldstein wrote it up for his occassional series Philly420 Dec. 8 under the title "Merrill Lynch is bullish on marijuana." Goldstein finds: "Carefully researched, it was an interesting peek at how heavy hitters on Wall Street are starting to view the expanding industry."

Will the Bluegrass State beat the Golden State as the next to follow in the happy footsteps of Colorado, Washington, Oregon and Alaska by legalizing cannabis for recreational as well as medical use? WHAS11 in Louisville reported Dec. 11 that state Sen. Perry B. Clark (D-Louisville) pre-filed an act to legalize and regulate cannabis in a manner similar to how the state handles alcohol. The bill would repeal Kentucky's prohibition on cannabis cultivation, possession and sale. Instated in its place would be a "regulatory framework designed to promote public safety and responsible cannabis consumption by persons over 21 years of age."

San Francisco's Examiner reports Dec. 14 that city authorities, in anticipation that California voters will legalize recreational cannabis use next year, are assembling a body to propose regulations for the industry. The newly created Cannabis State Legalization Task Force. The body will advise the San Francisco Board of Supervisors. Last week, the board's Rules Committee selected 11 people to serve on the body, with three more seats still to be filled. One of the appointees is Erich Pearson, founder of SPARC, one of San Francisco's biggest dispensaries. "We need to determine how many cannabis users we are going to have in San Francisco and how many stores that's going to take to distribute that cannabis once it's legal," he told the Examiner.

Voters in Ohio on Nov. 3 rejected a proposal to legalize medical and recreational use of cannabis. Issue 3 would have allowed adults 21 and older to use, purchase or grow regulated quantities, and also made cannabis available for medical use in the same vote—a unique approach nationally. It would additionally have permitted retail sale of cannabis-infused products, and created a "Marijuana Control Commission" to oversee the industry. Complicating matters, the Ohio General Assembly put a competing initiative on the ballot, Issue 2, which would have blocked Issue 3 by prohibiting the granting of special rights by the state constitution. This "anti-monopoly measure" was aimed at barring Issue 3 language that would establish exclusive rights to produce cannabis for the retail market. If both had passed, a legal quagmire loomed. In the actual fact, Issue 2 was approved while Issue 3 was defeated by over 63% of voters. (Jurist, Nov. 4; WLWT, Cincinnnati, Nov. 3; NYT, Nov. 1)

In a 4-to-1 decision on Nov. 4, the Criminal Chamber of Mexico's Supreme Court of Justice ruled that the prohibition of consumption and cultivation of cannabis for personal use is unconstitutional, voiding five articles of the country's principal narcotics statute, the General Health Law. The court found that prohibition of cannabis consumption—or of cultivation for non-commercial purposes—violates the right to "free development of the personality," enshrined in Aricle 19 of the Mexican Constitution. The landmark decision only applies to the actual plaintiffs who challenged the prohibition provisions of the General Health Law, but loans weight to legalization proposals being prepared in Mexico's Congress. "They're noting this case and using it in their favor to present a law that will be in agreement and will protect people's rights," Moy Schwartzman, attorney for the plaintiffs, was quoted by AP.

Arkansas cannabis activists were evidently so eager to get a legalization measure before the voters that they shot themselves in the foot by submitting ballot language ridden with grammatical errors. Attorney General Leslie Rutledge said she was forced to reject a proposed constitutional amendment to legalize the herb after finding a number of grammar and spelling bloopers. Rutledge said that even if the folks behind the "Arkansas Cannabis Amendment" had run spell-and-grammar checks before handing in the proposal, it still wouldn't have passed muster.

Oxford University scholar Maziyar Ghiabi has a startling piece in Britain's The Conversation website (reprinted in The Independent) asserting that Iran's leaders are considering legalization of cannabis and opium. The Islamic Republic certainly lives up to its rep as a puritanical police state. Ghiabi admits that up to 70% of its inmates are charged with drug-related offenses (out of a total prison population of some 225,000, according to the World Prison Brief website). We've also noted a recent surge in executions in Iran, contributing to a global spike in death penalty use over the past two years. As Ghiabi writes: "Drug traffickers risk harsh punishments that include the death penalty." But he also tells us that Iran is now pursuing the kind of harm reduction policies that actvists have long pressed for in the US, including "distribution of clean needles to injecting drug users, methadone substitution programmes (also in prisons) and a vast system of addiction treatment."

Cannabis legalization proponents in Canada are rejoicing in the wake of the Oct. 19 elections that gave the Liberal Party a clear majority and position its leader Justin Trudeau to become prime minister. The son of Canada's revered former prime minister Pierre Trudeau, Justin openly advocates legalization. He even admitted to Huffington Post in 2013 that he had toked since becoming an MP representing Montreal in 2008.  He also revealed that his late brother, Michel Trudeau, was facing cannabis possession charges before his death in an avalanche in 1998, and that the experience influenced his position. In vivid contrast the Conservative Party's incumbent Prime Minister Stephen Harper has been leading a crackdown on Canada's medical marijuana program, and even recently called cannabis "infinitely worse" than tobacco. But how easy will it be for Trudeau to follow through on his promise to legalize?