America’s on board Cannabis may face financial and regulatory malaise in the US, but that isn’t affecting the perceptions of consumers, who increasingly approve of it. A survey of nearly 4,400 US marijuana consumers and 1,200 nonusers shows how acceptance and use have grown over the past year alongside the expanding legal and illicit markets. More people report using marijuana, while naysayers are dwindling, according to New Frontier Data, a cannabis consulting firm. The study…
Germany’s likely next ruling coalition is closing in on a deal to legalize cannabis for recreational use, the strongest signal yet that long-awaited growth of Europe’s marijuana market is gaining traction.
Negotiators for the Social Democrats, Greens and pro-business Free Democrats are hammering out the details, including conditions under which the sale and use of recreational cannabis would be allowed and regulated, according to people familiar with the talks, who asked not to be identified because the discussions are private.
They’re part of wider negotiations on forming a new government, with the three parties targeting early December for a new administration to take office under Social Democrat Olaf Scholz.
Malaysia will allow the import and use of cannabis for medicinal purposes if the products comply with government regulations, Malaysiakini reports, citing Health Minister Khairy Jamaluddin. The sale of medical marijuana for treatments will require a prescription and only can done by a registered medical practitioner or licensed pharmacist, Khairy said in a written response to parliamentary questions Tuesday. Products containing cannabis must be registered with the country’s Drug Control Authority, and importers are required…
420GrowLife
via www.KahliBuds.com
Anuradha Raghu and Archie Hunter, Bloomberg News, KahliBuds, 420GrowLife
New York is set to become the nation’s second-largest legal marijuana market after Gov. Andrew Cuomo on Wednesday signed legislation allowing the licensing of dispensaries. Cannabis storefronts will be allowed to open as soon as next year under the measure (S.854A/A.1248A), which the Legislature cleared on Tuesday. New York is the 16th state to decide to let adults use cannabis, though marijuana stores probably won’t open in New Jersey until next year, and South Dakota’s…
Method Man, the actor and rapper known for his work with Wu-Tang Clan, is launching a cannabis business that aims to bring more black ownership to the industry.
Tical, named after his 1994 solo debut album, will start selling marijuana to four black-owned dispensaries as soon as this weekend, said spokesman Neal Kwatra. The company, whose name stands for “Taking Into Consideration All Lives,” has raised US$300,000 with New York-based JLS Fund for its initial launch, and aims to bring in US$3 million for a nationwide rollout.
“Personally, it is essential that we use our brand to help bring awareness to the social, systemic and economic injustice in communities that have struggled with oppressive mass incarceration and racially biased policing policies,” Method Man said in a statement.
Tilray Inc. shares jumped as much as 14 per cent after announcing it successfully imported medical cannabis into the U.S. in support of a clinical trial studying its efficacy in treating patients with disorders caused by breast cancer treatments.
The study will focus on patients suffering from taxane-induced peripheral neuropathy, or TIPN, secondary to treatment with paclitaxel or docetaxel. TIPN affects more than 67 per cent of women undergoing breast cancer treatment, the company said.
“Tilray is committed to advancing cannabis research through its support of clinical trials around the world as we continue to enhance our understanding of the potential benefits of medical cannabis,” Philippe Lucas, vice president of global patient research and access, said in a statement.
