Legalization is only halfway to justice

❝ Happy 4/20, everyone! Now that pot is legal in 33 states and counting, it’s a pretty heady moment for stoner culture. Fans of cannabis can celebrate 4/20 openly and in style in more places than ever before. And even if you’re not in a state that legalized pot, there’s a still a pretty good chance that the cops won’t hassle you as you spend 4/20 doing your thing.

If you’re a white person

❝ Sorry to bring you down, but that’s the harsh reality. If you love pot AND you’re white, everything is totally awesome these days. In 2017, 81% of cannabis executives were white. Meanwhile, even in states where pot is legal, and even though Black people and white people use pot at similar rates, Black people are still arrested way more often than whites. We love 4/20 and we love legalization, but that’s not OK.

That’s not enough.

RTFA for facts and ideas. No rest without justice.

Walgreens to sell CBD products in select states

Walgreens will sell CBD creams, patches and sprays in nearly 1,500 stores in select states…The drugstore chain will sell the cannabis-based products in Oregon, Colorado, New Mexico, Kentucky, Tennessee, Vermont, South Carolina, Illinois and Indiana. Walgreens declined to specify which brands it would carry…

❝ “This product offering is in line with our efforts to provide a wider range of accessible health and wellbeing products and services to best meet the needs and preferences of our customers,” Walgreens spokesman Brian Faith said in an email to CNBC.

Rival drugstore chain CVS introduced CBD-containing topicals, including creams and salves, to stores in eight states earlier in March. As the non-psychoactive cannabis compound becomes one of the hottest ingredients in consumer products, retailers are carefully evaluating the market.

I have an irksome albeit minor idiopathic quirk which has responded to combinations of CBD and cannabis via inhalation therapy. According to some early studies. Worth waiting around to try [1] if legal beagles decide it fits into Medicare and [2] inhalation therapy means the hospital flavor – not smoking the stuff. I quit smoking about 60 years ago. Ain’t about to resume.

If Alice B. Toklas brownies work – I’m in!

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?’


Brian Cahn/Shutterstock

❝ 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


Yargin/Shutterstock

❝ 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.