Canadians Involved In Marijuana Industry Not Welcome In US, Feds Confirm: U.S. Customs and Border Protection (CBP) confirmed previous news reports and affirmed that border officials will continue to enforce U.S. federal law, which for decades has defined marijuana as having a high potential for abuse and no medical benefit. But more than just stopping marijuana from crossing the border, the federal agency will also actively deny entry into the country by people who work in the legal cannabis industry. MarijuanaMoment.net
Youth Marijuana Use Isn’t Increasing After States Legalize, Meta-Analysis Of 55 Studies Concludes: A meta-analysis published this week in the journal Current Addiction Reports took a holistic look at the existing scientific literature to learn about the prevalence of cannabis use post-legalization.Just as numerous prior studies have concluded, the researchers found that adolescent marijuana use does not increase after a state legalizes cannabis. Further, reports of higher rates of marijuana use among teenagers in legal states ignores the fact that those rates were generally higher before the passage of medical cannabis laws, the researchers explained. MarijuanaMoment.net
Trump gets push back from UN Members on New War on Drugs: The Trump administration hosted an event at the United Nations General Assembly inviting member states to join a revamped U.S. war on drugs. Billed as a “Global Call to Action on the World Drug Problem,” the State Department said that 130 countries had agreed to a nonnegotiable text, but missing from that list were a number of key U.S. allies. Analysts of international affairs and drug policy said that many governments chafed at the way the document and meeting were proposed — even if the U.S.’s powerful position at the world body meant that more than 100 countries signed up anyway.
“I think a lot of delegations, including a lot of delegations that ended up signing, found it entirely offensive that one country would take it upon itself with a few others, pronounce a text as nonnegotiable, and then pressure countries to sign up because they said so,” said John Walsh, director for drug policy and the Andes at the Washington Office on Latin America. “The U.S. is trying to lead us backwards now to the failed policies that led us here,” he said. Some U.S.-allied governments echoed those concerns, albeit in softer terms. TheIntercept.com
The US Court of Appeals for the DC Circuit denied a petition to review the DEA’s rejection of marijuana rescheduling. See Court ruling
The US DOJ moving to deny bankruptcy for landlord leasing space to marijuana producer: Despite trend toward legalization, government wants landlord’s chapter 11 case thrown out because he leased space to pot producer. WSJ.com
Marijuana stock trading is dominated by men and millennials. Men accounted for 75 per cent of all cannabis-related securities trades over the past month, according to data from TD Ameritrade. At the end of last year, baby boomers were more likely to trade marijuana stocks, but now TD Ameritrade’s seeing more interest among millennials. The younger cohort also trades more actively — about 25 per cent more than other groups. It may not be surprising that men are the primary traders of weed stocks, since studies show they’re about twice as likely as women to use marijuana. www.bnnbloomberg.ca
Congress approves bill to expand medical marijuana research in the U.S.: If it goes the distance, medical marijuana research in the U.S. could make significant strides. U.S. Representative Matt Gaetz introduced the Medical Cannabis Research Act. The bill is modest by design, as it would only serve to bypass the Department of Justice on the research marijuana licensing deal and put the job in the hands of Congress. The House Judiciary Committee, which is responsible for the drug enforcement efforts of the federal government, recently approved the measure. If it goes the distance, medical marijuana research in the United States could make significant strides from where it has stood for more than the past five decades. 420intel.com
Senate passes sweeping legislation to combat opioid epidemic. The Senate on Monday overwhelming approved a sweeping legislative package of bills aimed at combating the nation’s deadly opioid epidemic. The bipartisan measure passed 99-1. Sen. The Senate’s Opioid Crisis Response Act of 2018 (OCRA) directs funding to federal agencies to establish or expand programs dealing with prevention, treatment and recovery. The packages includes funding that requires the Food and Drug Administration to dole out prescription opioid pills in smaller quantities, money that offers an incentive to the National Institutes of Health to prioritize the development of non-addictive painkillers, and a bill to stop fentanyl from entering the U.S. www.nbcnews.com
NY – Gov. Cuomo Passes Law in NY to Allow Medical Cannabis as Opioid Alternative: As adult-use laws spread, people worry that medical marijuana will cease to exist. The opposite happened in New York on Monday, however. Governor Andrew Cuomo signed a bill that legally recognizes cannabis as a legitimate medical solution for pain management. And, allegedly, Gov. Cuomo’s administration is working to draft legislation for the regulation of adult-use of cannabis. “By adding substance-use disorder and pain management to the list of conditions eligible for treatment with medical marijuana, we will be allowing New Yorkers to take advantage of a harm reduction technique that can be used as an alternative to highly addictive opioids,” said Linda Rosenthal, the chair of the assembly committee on alcoholism and drug abuse, in a statement. hightimes.com
These Four States Will Vote to Legalize Medical or Recreational Marijuana: We’re now just 43 days from the November 6 general election, which is an undeniably important election for marijuana reform. Two states will be voting on the legalization of marijuana for all purposes (giving them the opportunity to join the nine other states that have done so), and two will be voting for the legalization of marijuana for medical use. Below is a look at these four initiatives:
- Michigan (Proposal 18-1):Proposal 1, put forth by Michigan’s Committee to Regulate Marijuana Like Alcohol, would allow anyone 21 and older to possess up to 2.5 ounces of marijuana, or up to 10 ounces at a private residence. Those 21+ would also be allowed to grow up to 12 marijuana plants. In addition, the initiative would establish a licensed and regulated system of marijuana retail outlets. Marijuana would receive a 10% excise tax in addition to the standard 6% sales tax.
- North Dakota (Measure 3):Measure 3, if passed into law this November, would legalize the possession, personal cultivation and licensed distribution of marijuana and marijuana products – including hash and oil – for those 21 and older.
- Missouri (Proposition C, Amendment 2 and Amendment 3):Missouri’s situation is a little… shall we say… complicated. Three entirely separate measures will be voted on this November. All three would legalize medical marijuana, but would do so in different ways, including all three having their own tax system.
- Utah (Proposition 2):Utah voters will also have the opportunity to legalize medical cannabis – including dispensaries – this November through the passage of the Utah Medical Marijuana Initiative. com
California cannabis distributor threatens lawsuit with feds over cash seizure: Eureka, CA-based Wild Rivers Transport (WRT) – a state-licensed transport-only distribution firm – plans to file a lawsuit soon over what its attorney alleges is a “conspiracy” between the state Highway Patrol and the U.S. Department of Homeland Security (DHS) involving the seizure of $230,000 which has been transferred to DHS. During a traffic stop, the WRT employees, former CHP officers, identified themselves and their state-legal business but were handcuffed and taken to the CHP in Merced, where they had their cell phones and personal travel funds confiscated and were released without charges after 6-7 hours.
The DHS was called in to “assume responsibility for the investigation” because the CHP allegedly “did not think they had enough to arrest” the detained employees. WRT’s attorney Kumin called the incident illustrative of a “conspiracy” between CHP and DHS, since the latter is not bound by the federal law – the Rohrabacher-Blumenauer Amendment – that prohibits the U.S. Department of Justice from interfering with state-legal marijuana companies. Kumin said, “The story for the cannabis industry is, are we going to be able to transport our stuff…?” mjbizdaily.com
The low-down on prescription pills vs. cannabis as a sleep aid: Roughly 50 to 70 million adults in the United States suffer from sleep problems, according to the American Sleep Association, the most common sleeping disorder being insomnia, which about 30 percent of U.S. adults will experience at some point in their lives. As cannabis becomes an increasingly popularized form of medicine—now available to roughly 95 percent of the U.S. population in some form, according to at least one report—researchers will almost certainly continue to explore cannabis’ potential effects on sleep, and whether it can be used as a sleep aid. And while current findings are mixed, some researchers still see cannabis as a better alternative to other popular sleep aid medications, like benzodiazepines. Benzodiazepines are most commonly used to treat anxiety (many will likely recognize brand names like Xanax and Valium). These drugs are also frequently used as sleep aids for those with insomnia or other sleeping conditions. However, they come with a risk of overdose and addiction. Research has shown that people who use benzodiazepines and other sleep-aid drugs in too large quantities or lengths of time can easily form dependencies. These drugs are especially dangerous because it can be difficult to identify when the use of these drugs turns into a dependency, which can manifest after only a few weeks. In the United States, one 2008 research paper found that 5.2 percent of U.S. adults (18 to 80 years old) used benzodiazepines. The study also found that these drugs are predominantly used by women. 420intel.com
The Cannabis Investor is a leading media outlet for Cannabis investment opportunities and breaking industry news.
Join our text message list:
USA: Text potstocks to 313131 to join
CDN: Text potstocks to 393939 to join
Join our email list here: http://eepurl.com/bUSa71
Follow The Cannabis Investor on Social Media