Cannabis is a lightning rod for regulation, and this week was no exception. All around the world, governments are determining new ways to deal with the drug. Even in the U.S., people are divided all the up through the federal government.
by Burgess Powell, High Times
State treasurers in California, Pennsylvania, Oregon, and other states with legal cannabis drafted a letter to Attorney General Jeff Sessions. The letter asks for clarification and a possible meeting to discuss federal marijuana regulation. Because marijuana is a schedule I drug, legal dispensaries are having problems with banking, taxes, and other financial issues.
by Steven M., Marijuana Stocks
Senate Majority Leader Mitch McConnell surprised everyone when he introduced The Hemp Farming Act of 2018. The Republican’s bill would declassify hemp as a schedule I drug, allowing it to be legally cultivated around the country. This would have a huge impact on the use of industrial hemp and CBD. However, it could be a bad sign for legal medical and recreational businesses.
by Matt Lamers, Marijuana Business Daily
Cannabis is increasingly globalizing, as more nations accept its usage. A shipment of medical marijuana was sent from a company in Lesotho, Africa to Vancouver, British Columbia on March 26, 2018. The 850-gram shipment is a milestone and will be used for medical testing. Lesotho is the first African nation to legalize medical cannabis, and it’s drawing major interest from international investors.
by Mike Adams, Cannabis Now
The alcohol industry is very interested in cannabis. Several breweries have tossed around the idea of THC-infused beers. New Belgium Brewing joined them with the announcement of The Hemperor HPA, which is a non-alcoholic cannabis beer. Although alcohol and cannabis are often regulated the same, mixing the two typically doesn’t create much fanfare. This non-alcoholic version may be exactly what’s needed though.
by Gabrielle Levy, U.S. News & World Report
New research from Columbia University’s Mailman School of Public Health found cannabis smokers are almost 3x more likely to begin smoking cigarettes. Also former smokers were more likely to relapse when smoking weed. Tobacco smoking is decreasing in recent years with the rise of vaping, but this news isn’t good for health nuts.