Canada Has a Very Odd Marijuana Problem, and This Is Exacerbating It
The marijuana industry is growing like a proverbial weed, and marijuana stock investors have certainly taken notice. According to cannabis research firm ArcView, North American legal pot sales totaled $6.9 billion last year alone. However, by 2021, they could be pushing to north of $22 billion. Considering that more than $46 billion in weed sales was conducted under the table in 2016, there's a multiyear, and perhaps even multidecade, opportunity for legal marijuana businesses to convert consumers from black market channels to legal customers.
The recent legalization of medical cannabis in Mexico, along with ongoing state-level approvals in the U.S., are expected to be a boon to the industry. But it's the near-term promise of our neighbors to the north that could offer the biggest catalyst.
Pot Is Legal in Las Vegas—But You Still Can’t Smoke It
So you did it. You booked the flight, you booked the hotel and now you’re in Las Vegas, in the backseat of a hired car, on your way to buy some recreational marijuana.
Who knows—maybe you were one of the very first in line when the clock struck 12:01 a.m. on Saturday, July 1, and Nevada cannabis dispensaries were able to start selling over-the-counter to any adult 21 and older. If so, you have something in common with the crew that braved January cold and snow in Denver in 2014. You were there for an historic moment—the fourth state in the country to allow adults to buy weed, and the first of the four states that legalized marijuana on Election Day in November to record a sale.
But if you weren’t the first and haven’t yet made plans to take in Sin City’s latest delight, take heart: You, or any one of the 43 million people a year who visit Las Vegas every year, can still be the very first person to legally smoke marijuana in Las Vegas—whenever it is that the particular privilege is extended to the public.
Congressmen: Anti-Pot Group Wrong About the Elimination of Medical Marijuana Protections
Although the anti-drug group Smart Approaches to Marijuana (SAM) continues to claim that the federal medical marijuana protections known as the Rohrabacher-Farr amendment have been eliminated from a congressional bill, the lawmakers responsible for the getting it on the books in the first place say it still alive and kicking.
Last week, SAM president Kevin Sabet announced that the Rohrabacher-Farr amendment was omitted from the Commerce, Justice, Science, and Related Agencies (CJS) Subcommittee Appropriations bill. Sabet, a former drug policy advisor to President Obama, said its elimination would, once again, give the Department of Justice the right to crackdown in those states that have legalized marijuana for medical purposes.
Advisers Named for West Virginia Medical Marijuana Program
CHARLESTON, W.Va. (AP) — An advisory board that will help develop a medical marijuana program in West Virginia has been announced, with state Bureau for Public Health Commissioner and State Health Officer Rahul Gupta serving as chairman.
A dozen others were also named to the board, including physicians, pharmacists, social worker, prosecutor, patient advocate and horticulturalist.
Gupta said in a news release that the West Virginia Medical Cannabis Advisory Board will be part of the process needed to ensure a comprehensive system to help people suffering from debilitating diseases such as cancer.
Funky Salad: Nearly 2 Tons of Weed Disguised as Lettuce Seized at Texas Border
Here are some funky salad greens that almost made it to our dinner tables—5,754 packages of lettuce containing nearly two tons of weed.
Alas, the U.S. Customs and Border Protection (CBP) officers didn’t appreciate the healthy efforts of the salad smugglers.
Instead the CBP nabbed a truck hauling the pungent Mexican “produce” on the aptly named Laredo-Colombia Solidarity International Bridge.
The phony lettuce-like bundles were sniffed out by a K-9 team, imaging, then a physical inspection of the trailer.
Nevada launches sales of legal recreational marijuana
LAS VEGAS — Nevada has become the fifth state in the U.S. with stores selling marijuana for recreational purposes.
People began buying pot early Saturday, just months after voters approved legalization in November. It’s the fastest turnaround from the ballot box to retail sales in the nation.
Those 21 and older with a valid ID can buy up to an ounce of pot. The millions of tourists who visit Las Vegas and other Nevada cities every year are expected to make nearly two of every three pot purchases.
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