Europe’s Legal Cannabis Market Is A €56 Billion Opportunity

UNITED KINGDOM: A new report from industry advisors, Prohibition Partners, suggests that Europe will become the largest legal cannabis market in the world once all countries have introduced legislation and regulation over the next five years.

Cannabis is set to become the major global industry of the post-digital generation. It will drive economic and employment growth as well as having a significant impact on a wide range of social issues.

The impressive financial performance of North American cannabis companies is already drawing in institutional investors – even before US federal legislation.

However, Europe is quickly catching up with a record number of countries introducing medical cannabis legislation already this year. Most governments understand the medical and tax benefits so are moving fast to position correctly for this opportunity. Buoyed by a shift in legislation and ground breaking returns, the European cannabis industry represents a very unique and rewarding opportunity.

The European Cannabis Report™ (2nd Edition) explores the complex regulatory environment while providing a detailed analysis of 15 key markets across the medical, recreational and industrial sectors.

 

First Time Marijuana Offenders May Now Avoid Jail In Houston

TEXAS:  An announcement today revealed a plan by the Harris County district attorney to change how marijuana possession charges for small amounts are handled.

Houston-based Devon Anderson stated today at a press conference that beginning Monday, non-violent first offenders carrying less than 2 ounces of marijuana will be able to escape prosecution by performing eight hours of community service or going through a drug awareness class.

“We are targeting the people we believe are self-correcting and will be ‘scared straight’ by being handcuffed and transported,” Anderson said. “Our goal is to keep these individuals from entering the revolving door of the criminal justice system.”

The Medical Marijuana Fight Hits Virginia

VIRGINIA: The debate continues about whether or not to legalize medical marijuana. Not just across the country, but in Virginia as well.

It’s an issue impacting many families, including one here in the Valley.

Two families, both with roots in Virginia, find themselves at the center of the debate. Fighting against lawmakers and government agencies to change the medicine their children receive in order to save their lives, each using a form of medical marijuana.

Marijuana Delivery Startups Are Ready. The U.S. Government Is Not.

WASHINGTON: Canary, a new startup that offers on-demand marijuana delivery, recently launched with the tagline “Prohibition is over.” The startup’s webpage advertises 24/7 availability for pot in Colorado and Washington, where state legislatures recently legalized the sale of recreational marijuana. The site teases a sleek, simple app for ordering, available for both iPhone and Android devices; knowledgeable couriers will work with local dispensaries to bring the goods to your door with three the click of three buttons, Canary promises, making acquiring pot as easy as ordering takeout Chinese food.

There’s just one problem: It’s totally illegal.

Though the prohibition on selling recreational marijuana in Colorado and Washington may be over, the prohibition on delivering it is not. Both states have laws on the books explicitly banning the delivery of weed, wary of losing track of what is already strange and new territory.

That’s harsh news for Canary co-founders Josiah Tullis and Megh Vakharia, two University of Washington undergrads who have been forced to cut back on their grand pot delivery schemes due to the government strictures.

The Next Five States In Line For Marijuana Reform

Advocates seeking more lenient marijuana laws have no intention of stopping with Colorado and Washington. Twenty-three states and the District of Columbia have allowed marijuana for medicinal purposes, and more could follow. Here’s a look at five of the states that may be welcoming more permissive marijuana laws in the near future:

ALASKA (legalization)

Alaska may seem like an unlikely place to follow the lead of liberals in Colorado and Washington, but the state’s libertarian electorate may provide a good look at how a different breed of voters will respond to marijuana legalization.

It’s early, but proponents have a big head start on fundraising and organization, led by the Marijuana Policy Project based in Washington, D.C.

Marijuana legalization failed in Alaska in 2000 and 2004, but advocates say the landscape has changed markedly since then.

If the measure is approved, adults could use marijuana legally and purchase it at state-licensed stores, but use in public would still be illegal.

OREGON (legalization)

Oregonians rejected legalization just two years ago but are all but certain to have a chance to reconsider this November.

State elections officials haven’t yet validated the signatures turned in last week, but advocates submitted far more than they needed.

Oregon has long been on the leading edge of the decades-long push to loosen marijuana laws. It was the first state to decriminalize small-scale marijuana possession in 1973 — a step that’s been taken in more than a dozen other states. Marijuana use remains illegal, but possession of a small amount of the drug is punished with a citation and fine rather than a criminal charge. Oregon was also among the first states to approve medical marijuana.

Unlike Oregon’s 2012 effort, the team behind the current initiative has strong backing from many of the groups and individuals who helped bankroll the successful campaigns in Colorado and Washington.

Vancouver MP Claims Liberal Party Promoting Marijuana To Kids

CANADA:  In an election-style flyer mailed to her constituents, Vancouver South Conservative MP Wai Young claims Liberal leader Justin Trudeau is promoting marijuana to children.

The flyer also features a photo of a young person who is about to light a joint and says Liberal policies would make it easier for children to smoke pot.

In the flyer, the Conservative Party claims the Liberal policy of legalizing and deregulating marijuana will make it easier to access cannabis.

But the Liberal party policy on marijuana says it will take special steps to educate and promote awareness of the health risks of marijuana use among youth.

The Liberal Party says the flyer is riddled with misleading information.