Democratic candidates roll up to support legal weed

Kamala Harris, asked whether she had ever smoked pot: ‘Half my family’s from Jamaica. Are you kidding me?’


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❝ Among 2020 candidates, marijuana legalisation is a mainstream issue. Among Democrats, nearly all have expressed at least some degree of support. Even Donald Trump’s lone Republican challenger, the former Massachusetts governor Bill Weld, supports it. Advocates are optimistic that the 2020 election could help bring an end to the federal prohibition of the drug.

“The support for marijuana legalisation has quickly become a litmus test in the 2020 Democratic primary,” said Erik Altieri, executive director of the National Organization for the Reform of Marijuana Laws (Norml). “With the upcoming primary, it is also clear that support for prohibition is ultimately disqualifying with the Democratic electorate – and with the American electorate generally.”

If you aren’t supporting legalization – for purportedly moral reasons, some particular religious fetish, political dementia which has your brain locked into, say, the 16th Century – then, you might be missing the simple economics of “sin taxes” derived from social use of cannabis just as they are realized from beer and the hard stuff.

States generally include a proviso to spend all or most of those funds on something beneficial like education. Again, another issue which American conservatives seem honor bound to ignore. Hopefully, voters will learn to ignore stupidity as thoroughly as they’re starting to reject incompetence.

WHO Proposes Downgrading Cannabis Under International Law


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❝ The World Health Organization (WHO) is proposing downgrading cannabis under international law for the first time, in light of growing evidence of its legitimate medicinal benefits.

❝ Currently classified by the WHO as schedule IV – the same class as heroin – which is the most strictly controlled category, the WHO Expert Committee on Drug Dependence (ECDD) has proposed to reschedule cannabis, and other cannabis-related products as a schedule I classification. What’s more, they’ve proposed removing non-THC (the psychoactive component of cannabis) cannabis products, such as CBD oil, from international drug controls completely.

WHO spent way too much time paying attention to thugs like Nixon BITD. Overdue at WHO. Overdue in the US of A.

A Marijuana CEO who doesn’t smoke!

❝ …Morning is a sacred time for the 46-year-old CEO, who has two rules for starting the day: Always eat breakfast. Don’t eat with anybody but your kids. Though abiding by rule No. 2 means eating alone, if he’s on the road—which is a lot these days, particularly since Kennedy’s company, Tilray, went public in July. In a couple of hours he’ll board his 135th flight of the year—a stat he can tell you because his assistant, knowing how he relishes data, sends him monthly analytics on his own travel (in 2018, he flew 23% more miles than he did the year before). At the moment, though, his 4-year-old daughter, in a pink tutu, is stirring the batter skeptically from her perch atop the kitchen island. “Papa, I think you forgot the flour,” she chides. Kennedy’s family moved into the new house a few weeks after Tilray went public, and he still struggles to find things in his own kitchen. He shrugs as he begins scrambling eggs and frying bacon in another pan: “My kids say pancakes are the only thing I’m good at.”

❝ Of course, his children are too young to know that what their dad is really good at is—at least for the moment—illegal in much of the U.S. and the world. Tilray sells cannabis, a.k.a. pot, weed, and more than 1,000 other colorful nicknames, for the medical-marijuana market and, more recently, the recreational one. It wears the crown as the hottest IPO of 2018, returning 315% for the year and valuing the Canada-based but American-run company at $9 billion today. The kids don’t know that the IPO—his daughter got to help ring the bell at the Nasdaq—made Kennedy not only a billionaire but the richest man in the legal marijuana business, and maybe the face of its future. Or that after pancakes today, he’ll shake hands with officials at Anheuser-Busch InBev, the behemoth behind Budweiser, to form a $100 million partnership aimed at creating a cannabis-infused substitute for beer.

RTFA. Enjoyable, worthwhile. I have a tiny portion of my retirement account invested in Canadian cannabis. Not Tilray; but, as you’ll learn from this article, they’re one of the best. And, sooner or later, the United States will be pressed into joining the 21st Century and the more advanced capitalist democracies.

Next Big Thing? Weed Beer, Folks

❝ For large beverage companies, the push into pot is all about the fear of missing out. After getting beat on trends including craft beer, coconut water, and flavored seltzer, the drink giants don’t want to miss the next trendy ingredient: cannabis. Whether it’s the THC that gets you high or the nonpsychoactive CBD, weed components are being infused into drinks with an eye toward the mass market…

Legal marijuana sales are expected to rise to $11 billion in the U.S. this year, from $9 billion in 2017, and cannabis-infused beverages account for less than 1 percent of that. But a recent report from the bank Canaccord Genuity Group Inc. estimated that sales of drinks infused with THC or CBD, forecast to make up 20 percent of the edibles market, will reach $600 million in sales in the U.S. by 2022. In Colorado, which became the first state to legalize recreational marijuana in 2014, sales of cannabis drinks almost doubled in 2017 and are up an additional 18 percent in the first half of this year, according to Flowhub LLC, which tracks marijuana sales data.

If you’re an investor don’t miss the chance to catch the next wave. Someone like me who doesn’t smoke ANYTHING and simply stopped drinking most anything alcoholic, as well, from lack of interest years ago is only interested in products which might make for tasty scones or Alice B Toklas brownies. Though I admit to owning a few shares of a leading grower in the Great White North.

Former Wrigley CEO Moves From Chewing Gum to Medical Marijuana


Bloomberg/Roussakis

❝ The scion of a family that made a fortune in chewing gum is moving into pot…William Wrigley Jr. II, who helped orchestrate the sale of his family’s business to Mars Inc. in 2008, led a $65 million investment round for Surterra Wellness, a medical cannabis startup in Georgia with licenses to operate in Florida and Texas. The funding brings the total raised so far to $100 million, according to Surterra.

Wrigley, 54, who left the gum and candy business after the sale, backs companies through a personal investment arm based in West Palm Beach, Florida. After an initial investment in Surterra in September, Wrigley is boosting his stake and assuming the role of chairman…

❝ Wrigley…said he got into the industry mainly because of marijuana’s medical benefits. He said he’s tapping his experience with product distribution and brand-building to drive growth at Surterra. The cannabis company operates 10 medical dispensaries in Florida, including one in Miami Beach, and has a license to operate in the nascent Texas market.

Too bad there aren’t more than a handful of folks in that intellectual desert known as Congress who might support businesses like this nationwide. Much less lose the archaic regulation of personal cannabis consumption as if it was the Devil’s own candy.

Legalize it! Join Senator Booker

❝ On January 1, California, Maine, and Massachusetts joined the growing list of states that legalized recreational marijuana.

Yet, Attorney General Jeff Sessions just announced that he will end the current policy of federal non-interference, so that the Justice Department could crack down on marijuana in states where it has been legalized for recreational use.

❝ For decades, the failed war on drugs has locked up millions of nonviolent drug offenders, especially for marijuana-related offenses. This has wasted human potential, torn apart families and communities, and squandered massive sums of taxpayer dollars.

That’s why I introduced the Marijuana Justice Act to call for the legalization of marijuana at the federal level. Will you sign my petition and call on your senators to join me in moving this critical legislation forward?

❝ Add your name to the Marijuana Justice Act, which will remove marijuana from the list of controlled substances and look to reverse the decades of failed policies that disproportionately target communities of color.

Sign Sen. Booker’s petition

If passed into law, the Marijuana Justice Act would have an immediate impact on our criminal justice system, policing, our communities, and even the economy. This legislation would remove marijuana from the list of controlled substances, making it legal at the federal level.

Overdue, folks. Overdue.

W.H.O Research Says Marijuana’s Essential Ingredient Neither Dangerous Nor Addictive

❝ The main ingredient, Cannabidiol, CBD found in Marijuana is neither harmful nor addictive, a new World Health Organization, WHO report has confirmed.

CBD is a naturally occurring, non-psychoactive ingredient found in cannabis plants that has non-addictive relaxing properties and per WHO’s Expert Committee on Drug Dependence, ECDD, there lies “no evidence of public health-related problems associated with the use of pure CBD.” Also, the “current information does not justify scheduling of cannabidiol,” the report confirmed.

In fact, the natural component is known to help in treating epilepsy and several other medical conditions.

The Feds under Trump, Sessions and other science-illiterates aren’t expected to take any positive notice of this report. I hope you’re not surprised by that. Frankly, I’m not optimistic about sweeping medical reforms resulting from Trumpublicans and their Establishment allies crashing and burning in 2018 mid-term elections.

All I see from Establishment Dems, so far, is recycled campaign rhetoric from the Bill Clinton era.