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MAP Drugnews

Canada: Time For Companies To Assess Their Cannabis Policies

MAP Drugnews - Top Stories - Thu, 03/08/2018 - 01:00
Globe and Mail, 03 Mar 2018 - What will you do if your employee returns from lunch smelling of marijuana? That's one of several issues companies may have to deal with once the federal government legalizes the use of cannabis later this year. What is it about legalized marijuana that differs - or not - from other substances, such as alcohol, which are already prohibited from use at work?
Categories: News Feeds

CN NF: Nipping It In The 'Bud'

MAP Drugnews - Top Stories - Thu, 03/08/2018 - 01:00
The Telegram, 03 Mar 2018 - Lawyer Denis Mahoney outlines a plan for employers surrounding the legalization of cannabis in Canada How are employers going to deal with the use of cannabis in the workplace once it becomes legal later this year?
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CN ON: Proprietors Of Pot Dispensary Get Discharge From Court

MAP Drugnews - Top Stories - Thu, 03/08/2018 - 01:00
The Niagara Falls Review, 03 Mar 2018 - Two women arrested in April after police raided their medical marijuana dispensary in St. Catharines have been granted a conditional discharge. "I only wish I was able to help more people on the legal route," Abbigail Millar, 32, told Judge Tory Colvin in an Ontario Court of Justice in St. Catharines, Friday.
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CN ON: 'Budtender' Receives Conditional Sentence

MAP Drugnews - Top Stories - Thu, 03/08/2018 - 01:00
Kingston Whig-Standard, 05 Mar 2018 - A Kingston judge has disposed of the last of the charges against a group of six young "budtenders" arrested in a raid on an illegal Princess Street marijuana dispensary in March 2017. Justice Larry O'Brien declined, however, to impose a sentence that would have encumbered the 23-year-old Ottawa woman with a criminal record when the principals profiting from the business went unidentified and were never charged.
Categories: News Feeds

US: Oped: Balance On Cannabis May Lead To Answers On Opioids

MAP Drugnews - Top Stories - Thu, 03/08/2018 - 01:00
Boston Globe, 03 Mar 2018 - The United States is the midst of an opioid crisis. Ninety Americans die each day from opioid overdoses on prescription opioids, heroin, or fentanyl, and Massachusetts has not been spared. Many states are using the best available tools to battle the crisis, with an eye on developing better science and policy to put an end to the crisis. As more states implement either medical or legalized recreational cannabis policies, they should consider whether cannabis can play a role in the opioid crisis. The evidence suggests that it might. For years, patients with chronic pain have reported that medical cannabis reduces the need to manage their pain with opioids. This anecdotal evidence is supported by a growing body of literature published in top scientific journals, including Health Affairs and the American Journal of Public Health. The scientific rationale for a relationship between cannabis and opioids is not new - cannabinoid and opioid receptors affect common brain pathways for pain and addiction.
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US PA: Your Taxes Pale Beside What Marijuana Businesses Pay

MAP Drugnews - Top Stories - Thu, 03/08/2018 - 01:00
Philadelphia Daily News, 03 Mar 2018 - You think your taxes are high? For medical marijuana dispensaries in the United States, they can be stratospheric. Cannabis retailers face an effective tax rate of up to 85 percent, and that won't be reduced by the new tax law.
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I fell in love with the 'Cannabis Candidate.' Then I got burned - Chicago Reader

Google - Cannabis - Wed, 03/07/2018 - 23:15

Chicago Reader

I fell in love with the 'Cannabis Candidate.' Then I got burned
Chicago Reader
I'm a cannabis supporter, and it was great seeing a former law enforcement guy embrace it so openly. I especially liked that Wolf spoke of the need not just to legalize it but to destigmatize it. I read quotes from an interview he did with CNN where he ...
Dem 'cannabis candidate' accused of abusing women, overstating 'Iraq veteran' claimFox News
Democratic 'Cannabis Candidate' Is Also a Domestic Abuser, Former Girlfriend SaysNewsweek
'Cannabis Candidate' accused of abuse, misrepresenting FBI recordChicago Sun-Times
Chicago Tribune -Politico -The Hill
all 14 news articles »
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Driving and Cannabis Hit the Skids - SF Weekly

Google - Cannabis - Wed, 03/07/2018 - 20:00

SF Weekly

Driving and Cannabis Hit the Skids
SF Weekly
California's legal cannabis market is an infinitely complex map of regulations, priorities, business, and politics. As the layout of the industry continues to take shape, one area that has yet to receive much clarity is the law with regard to driving ...

and more »
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Police release dramatic cannabis dispensary robbery video - CBC.ca

Google - Cannabis - Wed, 03/07/2018 - 19:28

CBC.ca

Police release dramatic cannabis dispensary robbery video
CBC.ca
[The thieves] got a couple of jugs of cannabis, dropped one in the back alley." According to Doucette, if police recover stolen pot, they can't exactly hand it back to businesses, as it may constitute trafficking. But Briere said in the case of the ...

and more »
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Quebec town moves to ban smoking marijuana, cigarettes in public - The Globe and Mail

Google - Cannabis - Wed, 03/07/2018 - 19:01

The Globe and Mail

Quebec town moves to ban smoking marijuana, cigarettes in public
The Globe and Mail
Like many civic leaders across Canada, councillors in the town of Hampstead, Que., were worried about the idea of people smoking marijuana on the street once the drug became legal. So they drew up a tough bylaw – and it's set to become the most ...

and more »
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Legal cannabis could crash the alcohol giants' party, analyst says - Financial Post

Google - Cannabis - Wed, 03/07/2018 - 16:25

Financial Post

Legal cannabis could crash the alcohol giants' party, analyst says
Financial Post
The question of whether or not legal marijuana takes of a bite out of alcohol sales has been hotly debated in recent years, with some research suggesting the two products are substitutes and other research suggesting cannabis and alcohol sales are ...

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$57 Billion! That’s How Ginormous Cannabis Biz Will Be In 2027

Alternet - Wed, 03/07/2018 - 13:09
"The tables have turned in favor of legalization across the world," report says.

Global spending on legal cannabis will skyrocket to $57 billion by 2027, according to a report released this week by Arcview Market Research, in partnership with BDS Analytics. That’s a lot of marijuana.

The in-depth report, titled “The Road Map to a $57 Billion Worldwide Market,” predicts that adult-use recreational cannabis will make up $38.3 billion of spending, while medical marijuana will reach $19.1 billion. The report reveals that the United States and Canada will continue to drive industry growth, expanding from $9.2 billion in 2017 to $47.3 billion by 2027.

While that growth looks large, it actually is a comparatively modest 18 percent compound annual growth rate (CAGR). The rest of the world is forecast to grow from $52 million in 2017 to $2.5 billion in 2027 for a CAGR of 47 percent.

“Outside the United States and Canada, it will be almost wholly a medical-only business until the United Nations revamps the 1961 Single Convention on Narcotic Drugs, which will likely only come after the United States’ Federal Government ends prohibition, which we don’t expect until 2021,” said Troy Dayton, CEO of The Arcview Group.

While the adult-use market will dominate in North America, it’s the medical market that will see the most growth overseas, the report forecasts. In most other developed nations, the federal government subsidizes health care. Europe, which has 739 million people and more than $1.5 trillion in healthcare spending, has the potential to be the largest medical cannabis market in the world.

 

“California gets the media attention and Canada gets the investment dollars as they allow adult use, but Germany’s move to make cannabis flower available for medical use in pharmacies was really the big news of 2017 from a worldwide perspective,” said Tom Adams, Editor-in-Chief at Arcview Market Research and Principal Analyst at BDS Analytics. “The tables have turned in favor of legalization across the world and we predict that the trend will spread as research continues to support cannabis’ effectiveness as a medication.”

Among other findings, “The Road Map to a $57 Billion Worldwide Market” reveals:

  • Initially, the decision by many US states and Canada to launch medical-only regulatory regimes prompted many other countries to allow limited access to cannabis-based pharmaceuticals. But, now, California’s and Canada’s willingness to move on to adult-use legality has triggered a new wave of laws liberalizing access to medical cannabis.
  • South America medical markets are some of the most liberally licensed in the world. The continent’s legal spending is set to grow from $125 million in 2018 to $776 million in 2027, led by Brazil, Argentina, Uruguay (the only country in the world in which adult use is legal today), and Peru.
  • Germany positioned itself as the leader of the European market, while Italy is expected to be the second-ranked cannabis market on the continent with $1.2 billion in sales by 2027.
  • Total legal cannabis spending in Australia is forecast to grow from $52 million in 2018 to $1.2 billion in 2027, a CAGR of 53%, making is the 5th largest market in the world.
  • Israel’s long history of legal medical use has fostered a sizable regulated market for such a modest population, but it leads other countries by years in the development of cannabis pharmaceutical applications.
  • The success of the Canadian system of Licensed Producers and mail-only distribution, as evidenced by the country’s willingness to move on to adult-use legality, has prompted a new wave of laws liberalizing access to medical cannabis.

 

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Categories: News Feeds

Aurora Cannabis eyeing Nasdaq, NYSE listing as Canadian pot goes global - Financial Post

Google - Cannabis - Wed, 03/07/2018 - 11:51

Financial Post

Aurora Cannabis eyeing Nasdaq, NYSE listing as Canadian pot goes global
Financial Post
Another one of Canada's biggest marijuana producers is exploring a listing on an international exchange. Aurora Cannabis Inc. is “absolutely” looking at trading its shares on the Nasdaq Stock Market, the New York Stock Exchange or the AIM, a division ...
Aurora Cannabis reportedly wins support for CanniMed Therapeutics takeoverThe Globe and Mail
Aurora Cannabis plans to list on new exchange in near futureCanadianBusiness.com
How Canada's Cronos Group Became the First Cannabis Producer on the US Stock ExchangeLeafly

all 19 news articles »
Categories: News Feeds

UK world's largest producer of legal cannabis, finds UN body - The Independent

Google - Cannabis - Wed, 03/07/2018 - 07:01

The Independent

UK world's largest producer of legal cannabis, finds UN body
The Independent
Britain is the world's largest producer of legal cannabis, a new report from the United Nations has revealed. Ninety five tonnes of marijuana was produced in the UK in 2016 for medicinal and scientific use, accounting for 44.9 per cent of the world ...

and more »
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Varcoe: Cannabis stock fever hits Canada, but is it well rooted for growth? - Calgary Herald

Google - Cannabis - Wed, 03/07/2018 - 05:00

Calgary Herald

Varcoe: Cannabis stock fever hits Canada, but is it well rooted for growth?
Calgary Herald
Former U.S. Federal Reserve chairman Alan Greenspan's memorable phrase “irrational exuberance” aptly captured the frothy dot-com days of the 1990s. It's also been used to describe the growing enthusiasm surrounding Canada's cannabis sector as the ...

and more »
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OR: Sisters residents debate marijuana businesses within the city -- Power 94

Bot - Cannabis - Wed, 03/07/2018 - 01:59
power94.fm Now the issue of recreational pot is at the forefront. (Wed Mar 07 21:59:58 2018 PST)
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OR: KLDR - Local News

Bot - Cannabis - Wed, 03/07/2018 - 01:41
kldr.com (US) After sorting out the mess, deputies arrested Lisa Matchett and charged her with two counts of Unlawful Use of Mace, 2nd-Degree Criminal Mischief, Hit-and-Run Causing Property Damage and Possession of More Than 4 Ounces of Marijuana -- she had two pounds. (Wed Mar 07 21:41:53 2018 PST)
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OR: Oregonian Hemp Farmers Await New Hemp Bill's Passage

Bot - Cannabis - Wed, 03/07/2018 - 01:33
kdrv.com (US) The two plants are used differently. The major difference is in the THC content. Which is what gives you that &lsquo. (Wed Mar 07 21:33:35 2018 PST)
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Cannabis is the only thing easing their chronic pain. Now their father is facing jail - ABC Online

Google - Cannabis - Wed, 03/07/2018 - 01:31

ABC Online

Cannabis is the only thing easing their chronic pain. Now their father is facing jail
ABC Online
Cannabis is the only thing easing their chronic pain. Now their father is facing jail. 7.30. By Michael Vincent. Updated 7 Mar 2018, 1:41amWed 7 Mar 2018, 1:41am. Stephen Taylor standing at the entrance of his greenhouse where he used to grow marijuana ...

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OR: Oregon Man Facing Charges In Western Illinois Pot Case

Bot - Cannabis - Wed, 03/07/2018 - 01:30
kbnd.com Say this is the first time they've ever seen federal prosecutors step in and upgrade a marijuana case. (Wed Mar 07 21:30:01 2018 PST)
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