North America

Fri
22
Jan

Former elite Canadian diver arrested for drug trafficking says he was delivering to medical ...

A former elite Canadian diver is facing charges after police pulled him over for speeding but discovered marijuana, shatter and hashish worth more than $100,000 in his car.

Police says Wegadesk Gorup-Paul, 28, was released with a requirement to appear in court March 9 when he will be charged with possession for the purpose of trafficking a controlled substance, which comes with a maximum penalty of life in prison. 

Gorup-Paul competed internationally for Canada for a number of years before quitting diving in 2008.

In a phone interview with CBC News, Gorup-Paul claims he was working for a medical marijuana producer delivering the drugs to medical marijuana outlets on the Lower Mainland.

Fri
22
Jan

How a Banker Sees a Cannabis Account

In the aftermath of last month’s federal court setback for Colorado’s Fourth Corner Credit Union, banking officials and cannabis business owners in other states are searching for creative ways to open legal bank accounts. Leafly recently highlighted the success that small Washington state banks and credit unions have experienced by working within Justice Department, FDIC and NCUA policies.

Thu
21
Jan

Big Changes Come To Oregon's Cannabis Industry This Year

 

Oregon’s recreational marijuana industry hit a milestone this month.

About 90 days into the legal sale of recreational marijuana, Jan. 4 marked the first time people could officially apply for licenses to operate recreational businesses in Oregon. And more changes are on the way.

By the end of the year, Oregon’s cannabis industry will look a lot different from what we currently have.

When will new recreational retail marijuana stores be open?

Although the state is accepting business license applications, the Oregon Liquor Control Commission — which will oversee the state’s recreational marijuana business solely starting in January 2017 — doesn’t plan to approve any of the retail store applications until at least the fourth quarter of 2016.

Wed
20
Jan

Controlled Substance Classifications Vary Widely Around the Globe

Las Vegas—A new paper provides the first compendium of controlled substance classification systems around the world, revealing a broad spectrum of regulations but little consensus as to what works best.

Wed
20
Jan

Banking for the Cannabis Industry: Not the problem you are told it is

“Mr. Dillinger, why do you rob banks?” Dillinger’s answer was simple: “I rob banks because… that is where the money is.”

When I was a kid in New York, many many years ago, banks used to run commercials offering toasters and other appliances if you opened a bank account with them.  I remember Mr. Coffee himself, Joe DiMaggio trying to pitch coffee machines if you opened up an account with the Bowery Savings Bank.  Perhaps today Tommy Chong could offer pipes or bongs to do the same.

Wed
20
Jan

23 budding Bay Area cannabis startups to watch

As marijuana continues to move into the mainstream, dozens of Bay Area startups are banking on big business opportunities in the cannabis industry.

"We are at this precipice: There is a lot of money — real capital — that wants to come into the space," said Ben Larson, who runs Gateway Incubator, a cannabis startup incubator in downtown Oakland.

Mon
18
Jan

Who exactly is behind the lawsuits over Colorado's legal marijuana?

Out-of-state anti-drug crusaders are taking Colorado marijuana to court. Is it their last chance to stop pot before other states vote on retail cannabis?

Three of the four marijuana-centered lawsuits filed against Colorado officials and businesses were organized and at least partially funded by out-of-state anti-drug organizations and socially conservative law firms, a Denver Post analysis shows.

Only one lawsuit, filed by the states of Nebraska and Oklahoma, appears to be entirely homegrown.

Mon
18
Jan

Marijuana in Montreal: Opportunities to boost tourism

When I asked Andy Nulman about the chances of legalized marijuana boosting tourism in Montreal, I had no idea that many years ago he'd written a script for a film called O Cannabis, about Canada legalizing pot and becoming "the new Saudia Arabia."

In the script, "farmers out in the Beauce and Manitoba and Saskatchewan become the new oil sheikhs, and (Canada) becomes this destination for stoners worldwide," Nulman said.

The co-founder of Just For Laughs and chief attention-grabber for 375MTL, the Society for the Celebrations of Montréal's 375th Anniversary, Nulman says he has not touched drugs in 40 years, and he's a vehement non-smoker. However, he has long considered the ripple effects of marijuana legalization.

Fri
15
Jan

Most Americans support marijuana legalization

52% of Americans, including a majority of adults under 65, support legalizing marijuana

Thu
14
Jan

Did Colorado pot shops sell $1 billion of weed in 2015?

When we first tallied Colorado pot sales for 2014, the first full year of legal cannabis sales in the world mind you, $699,198,805 seemed like such a large number at the time.

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