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Thailand in green rush as government pushes Thai cannabis as cash crop

Thailand in green rush as government pushes Thai cannabis as cash crop

Thailand cannabis could become a major economy booster

BURIRAM, Thailand (Reuters) – Thais flocked to a cannabis exhibition as interest and demand in the plant surges after the government unlocked hemp use in food and cosmetics in the latest move to promote a new cash crop.

The government held a convention in Buriram province in northeastern Thailand over the weekend to educate the public on cannabis use and promote businesses. People were able to taste hemp-based noodles, ice-cream and drinks.

Hemp plants are a variety of cannabis that have higher concentrations of CBD, the non-psychoactive ingredient in marijuana, and lower levels of tetrahydrocannabinol (THC).

“Ganja (marijuana) is the rising star to bring our good quality of lives and money back in our purses as good (economy) as before and even better,” said Withid Sarideechaikoo, director of Buriram public health and organiser of the Cannabis 360° event, referring to the plant’s local name.

“It will bring good quality of lives to us and to the country.”

Thailand has been pushing cannabis as a cash crop and state drug maker the Government Pharmaceutical Organization has said it would buy a kilogram of cannabis with 12% CBD, the non-psychoactive ingredient, for 45,000 baht ($1,500).

A group of seven individuals could form a village enterprise and seek government permission to grow hemp.

Thailand, which has a tradition of using cannabis to relieve pain and fatigue, legalised marijuana for medical use and research in 2017 to boost agricultural income.

“It is in Thais’ mindset that delicious noodle soup with beef should added with ganja,” said noodle shop owner Sitthichan Wutthiphonkun.

“This thing (cannabis) will not only boost our restaurant business, but it will drive the whole economy. People will want to try it from food to cosmetics.”

(Writing by Chayut Setboonsarng, editing by Ed Osmond)

Original story from Yahoo Finance

New Mexico legalization bill moves into the Senate

New Mexico legalization bill moves into the Senate

Will New Mexico legalization happen in 2021?

“It being exactly 4:20 (p.m.), we go to House Bill 12,” Rep. Daymon Ely, D-Corrales, quipped Friday, Feb. 26, to begin the debate over legalization of marijuana.

Hours later, the New Mexico House of Representatives passed marijuana legalization for the second consecutive time in a 60-day session. HB 12 passed on a 39-31 vote Friday, a wider margin than the two-vote victory in 2019.

It now moves to the Senate, which will have more than three weeks left in the session to consider the bill. The 2019 bill reached the Senate Finance Committee with two days left in the session, but never made it to a vote of the full Senate.

New Mexico legalization bill

HB 12 would legalize the sale and possession of marijuana to those age 21 and older. It is estimated that by the third year, sales would produce more than $44 million in state revenue and nearly $24 million in local revenue.

A new state agency called the Cannabis Control Division would be created to regulate the new industry. It would also take over management of the existing medical marijuana program and establish cannabis education and training programs that are required under the bill.

The law would allow consumers to purchase up to two ounces of cannabis plant and up to 16 grams of extract each day. They would also be allowed to grow their own plants. There would be a limit on how many mature plants a private person could have, but no limit on commercial growers.

Local governments would be able to regulate conditions, such as hours of operation or store location, but would not be allowed to pass a local ban. There would be an 8 percent excise tax that would go to the state, and local governments would have the option of an additional tax up to 4 percent.

There is also a provision in the bill for expungement of past criminal convictions for offenses that would be legal under the new law. But there would be new penalties for those selling to or employing anybody under the age of 21.

Revitalizing local economies

In the fiscal impact report on the bill, the state Economic Development Department estimates that nearly 1,600 new jobs would be created if the bill becomes law. But it also notes that many of the provisions of the bill are in direct violation of existing federal law.

“We are embarking on the creation of a brand new multi-million-dollar industry,” sponsor Rep. Javier Martinez, D-Albuquerque, said. He described marijuana legalization as a snowball rolling downhill, with 14 states now included and more joining every year.

But Martinez said his motivation was not the money that could potentially be made in both tax revenue and tourism, but rather stopping the harm that has been done to minority communities by the enforcement of marijuana laws, both in the Albuquerque neighborhood where he grew up and along the southern border.

“When you get to the core of why I’m doing this, it’s because I have seen the faces of the people who have most been impacted by this fake and terrible and un-winnable war on drugs,” he said.

Martinez said HB 12 would protect the existing medical marijuana program, ensure equity and diversity in the new industry and set tax and licensing rates that would generate new revenue but still allow local entrepreneurs to participate.

Virginia Becomes 16th State to Legalize Cannabis

Virginia Becomes 16th State to Legalize Cannabis

Virginia legalized cannabis marijuana joining 15 other states in the United States

The Virginia Legislature approved adult-use marijuana legalization Saturday in a historic vote marking the first state in the Old South to embrace full legalization.

The House passed the measure in a 48-43 vote, and the Senate approved it in a 20-19 vote. Not a single Republican voted for the bill in either chamber.

 

“This, to me, is a justice bill,” Del. Charniele Herring, a sponsor of the legalization bill and the Democratic majority leader said on the floor. “While it has its flaws and it’s not the perfect bill…I think this moves us a step in the right direction.

The vote came after a conference committee struck a deal on Saturday to reconcile different versions of the bill that passed in both chambers earlier this month.

The impact: Virginia is the 16th U.S. state to pass an adult-use marijuana legalization law, though sales would not start until 2024. Only two other states — Illinois and Vermont — have passed legislation to legalize, tax and regulate recreational marijuana through the legislature.

The move puts pressure on neighboring states such as Maryland, where an adult-use legalization bill got its first hearing this month. New Jersey also recently enacted legalization, after voters overwhelmingly backed a referendum in November.

What’s next: Democratic Gov. Ralph Northam has championed legalization as a racial justice issue.

Under the compromise legislation, marijuana possession would not become legal until January 2024, when regulated sales are scheduled to start. The state would start setting up a marijuana regulatory agency this July.

The

North Dakota House passes joint bills to legalize and tax marijuana

North Dakota House passes joint bills to legalize and tax marijuana

North Dakota house has passed a bill to legalize and tax cannabis
​North Dakota’s House of Representatives has given the green light to recreational marijuana.

The Republican-controlled House on Tuesday passed House Bill 1420 to legalize and restrict recreational marijuana on a 56-38 vote.

Representatives also passed House Bill 1501 to implement a related tax policy on a 73-21 vote. The joint bills now go to the Senate.

Reps. Jason Dockter, R-Bismarck, and Craig Headland, R-Montpelier, who said they are personally opposed to recreational marijuana, respectively brought the bills to head off citizen-initiated efforts to legalize marijuana through the constitution, after South Dakota voters did just that last year.

North Dakota voters defeated a measure to legalize marijuana in 2018. Two measure efforts in 2020 fell short of signatures for ballot placement. But backers already are gearing up for a 2022 measure to plant marijuana legalization in the state constitution.

Dockter’s bill to legalize and restrict recreational marijuana mirrors much of the state’s medical marijuana program, which the 2017 Legislature implemented after voters approved it in 2016.The bill would restrict recreational marijuana to people 21 and older, limit possession to 1 ounce, limit and track purchase amounts, limit use to private property and ban home growing.

“You can’t be walking down the street smoking a joint,” said Rep. Robin Weisz, R-Hurdsfield, who chairs the House Human Services Committee, which handled the bill.The bill also would limit the number of growers to seven and dispensaries to 18, all registered with the state.Opponents said marijuana isn’t safe, would set a poor example for children and would result in negative, long-term effects on behavior.

“To me, to surrender is not to win. It’s to give in to the wishes of the other party or the other people that you’re disagreeing with,” said Rep. Chuck Damschen, R-Hampden.Rep. Bill Tveit, R-Hazen, said “Our youth only mirror what they see in the adults around them,” citing North Dakota binge-drinking statistics for adults and teenagers.Supporters said the bill is a proactive approach to legalizing marijuana before a measure group might succeed.

Bipartisan Pennsylvania cannabis legalization bill emerges from Senate

Bipartisan Pennsylvania cannabis legalization bill emerges from Senate

Bipartisan Pennsylvania cannabis legalization bill has been introduced

A bipartisan duo of senators introduced a measure Wednesday to legalize adult use cannabis in Pennsylvania.

It’s the first time a Republican member of the chamber has cosponsored the proposal – typically endorsed solely by Democrats, including Gov. Tom Wolf and Lt. Gov. John Fetterman.

“That’s kind of the elephant in the room, if you will,” said Sen. Dan Laughlin, R-Erie. “I believe in solving problems, and adult use cannabis is no more harmful than liquor. I’m not afraid to run a bill that doesn’t fit our party’s stereotype.”

In addition to regulating and taxing the drug for public consumption, Laughlin and co-sponsor Sen. Sharif Street, D-Philadelphia, said their proposal includes a provision that would erase nonviolent cannabis convictions and decriminalizes the drug “up to a certain point” – an important step forward for social justice.

“Ordinary folks of color know they are more likely to get prosecuted for doing this,” Street said. “And yeah, it is making history if people won’t [be prosecuted] anymore.”

An analysis from the American Civil Liberties Union concluded that cannabis arrests account for more than half of all drug-related arrests in the county. Eight in 10 of the 8.2 million arrests studied between 2001 and 2010 were for possession of small amounts. Black users are also nearly four times more likely than white users to be arrested for cannabis, the ACLU said.

“This has been a 180 change in opinion for me,” Laughlin said. “I’m not a fan of the product. I don’t use it. I don’t think it’s great if people use marijuana. I know that seems a little odd … [but] I’ve realized some of the social damage we’ve done to communities of color over these minor offenses, and that really got my attention.”

Laughlin also said testimony from the Independent Fiscal Office last week that estimated tax revenues from cannabis sales could approach $1 billion further piqued his interest. 

“The final straw was a conversation I had with one of my kids … he told me he could have a bag of weed delivered to the house in under an hour and that’s better service than Amazon,” he said. “I realize anyone in Pennsylvania that wants to smoke marijuana is probably already doing it, so regulating it is the responsible thing to do.”

Florida Marijuana Sales Ranks Third In Country for 2020

Florida Marijuana Sales Ranks Third In Country for 2020

Florida marijuana sales rank third in the country for 2020
Florida’s medical cannabis marketplace generated an estimated $1.3 billion in sales last year, ranking third in the country for 2020 cannabis sales.

Although Florida has just a medical cannabis system, the state emerged as one of the nation’s most active cannabis markets in 2020, according to the recent cannabis jobs report by Leafly and Whitney Economics.

Florida ranked third in the country for cannabis sales in 2020 with an estimated total reaching $1.3 billion, only behind Colorado and California, which both have adult-use cannabis markets and have had medical cannabis systems since the 1990s.

Home to 331 dispensaries spread across the state, Florida added 170,000 patients in 2020, bringing the total of registered patients to nearly a half million at 485,693. The state also added roughly 15,000 cannabis jobs in 2020, bringing the total number of Floridians employed by the medical cannabis sector to 31,444. The report suggests Florida’s cannabis receipts could easily double if the state adopted adult-use cannabis, estimating the potential for up to $2.1 billion in sales, $800,000 per month in taxes, and up to 80,000 local jobs by 2025.

“With a state population of nearly 22 million, Florida could reasonably double its current total of cannabis jobs if it chose to legalize for all adults.” — Excerpt from the Leafly and Whitney Economics job report

Despite the high sales numbers, Florida’s medical cannabis structure has led to some issues. Additionally, there are a handful of adult-use and medical cannabis reform bills currently stalled in the Florida legislature.

Currently, a case working its way through the courts seeks to overturn the state’s vertically integrated regulatory structure on grounds that it is unconstitutional, The Center Square reports. Already having won its challenge in Tallahassee District Court, the case will be considered next by the Florida Supreme Court on March 1.

At least one bill seeking to limit THC levels in medical cannabis products will reach committee consideration, however, setting up a potential contest between the growing cannabis prevention movement, a tax-hungry state budget, and medical cannabis patients.

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