Were it not for a profoundly news-filled White House week, the biggest story in America right now might be our moment’s cannabis watershed. Driving the expectation that the industry is set to explode in 2019 is Congress's passage of the Farm Bill which legalizes hemp and is expected to be signed by President Trump. Big business is licking its lips.
Mexico has its first license to import, store, distribute and manufacture cannabis, after Edmonton juggernaut Aurora purchased Farmaccias Magistrates, which owns and operates a pharmaceutical production facility in Mexico City.
The California Public Employees’ Retirement System is the largest public fund in the nation and it doesn’t invest in tobacco. But CalPers does see a future in pot.
After months of debate, the Fresno City Council, long opposed to cannabis sales of any kind, ushered ahead cannabis business regulations that could allow many as two medicinal dispensaries in each council district andestablish “hubs” for commercial activities such as cultivation, manufacturing and distribution along two of Fresno's main highways.
65. A Very Canadian Pot Scandal with Jesse Staniforth
Jesse Staniforth, Editor of WeedWeek Canada, updates Alex and Donnell on breaking Canadian stories. There is no lack of scandal: Cannabis giant Canopy Growth fired founder and CEO Bruce Linton and CannTrust, a major licensed producer, is estimated to lose C$350 Million for ignoring the law. New regulations limiting THC in edibles exacerbate the over-packaging crisis. The country continues to battle the illicit market which is now also available online and is known by the cool name "MOMS" (mail order marijuana sites). Plus, Alex and Donnell discuss Jay-Z's partnership with Caliva.
According to one shoe-leather reporter—who test-drove the project at a Portland sex club—CannaMojo “isn't just about getting high and getting down in the bedroom.”