Legalizing Psychedelics: California & the United States

California is one step closer to legalizing psychedelics. A State Senate committee approved a bill that legalizes possessing certain psychedelic substances. The bill looks to legalize the “possession, preparation, obtaining, transfer, as specified, or transportation” of small amounts of psilocybin, psilocin, DMT, ibogaine and mescaline for personal use. LSD and MDMA will remain illegal due to an appeal to nature. While earlier versions of the bill included them, some felt LSD and MDMA are synthetic and thus not genuine plant-based […]

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Ten Ways Cannabis Can Revive a Depressed Economy

An economic winter is coming, but don’t worry; we’ve compiled ten ways cannabis can revive a depressed economy. When many people hear “cannabis,” they may think of it as a recreational activity or a medical necessity. And it is. But it’s more than that. So while politicians will inevitably announce “stimulus” and bailouts, the real solution will come from entrepreneurs in a free market. And since Canada has already legalized cannabis, that’s one hurdle out of the way. Next, cut […]

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Can Cannabis Cause Psychosis?

Can cannabis cause psychosis? Public health busybodies will list negative aspects of cannabis as an argument either against legalization or for the “public health” model of legalization (which, in Canada’s case, has been a complete failure). So if you’re playing public health bingo, you can stamp psychosis next to anxiety, depression, cardiovascular disease, and other “harms” associated with cannabis. Of course, only .047% of cannabis consumers seek medical help for psychosis. So what’s the rationale behind this belief? Or is […]

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New Hampshire Votes to Legalize Without Regulations

Did New Hampshire vote to legalize cannabis without regulations or restrictions? The New Hampshire House of Representatives has approved two bills to legalize cannabis. About a month ago, the House passed your typical legalization bill, including taxes and regulations. While that’s tied up in the Senate, the House has introduced a “simple” legalization bill. House Bill 639 is a “simple” legalization bill that would remove cannabis from the state’s list of controlled substances. It also removes cannabis-related offences from the […]

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Cannabis Recession 2023

Is a 2023 cannabis recession inevitable? While an economic downturn is inevitable, how the cannabis industry weathers the storm remains to be seen.  For sure, saturated retail markets will feel the hit as consumers cut back or make more discerning purchases. And large-scale industrial grows that have been more about selling equity than weed will feel the impact.  But why? Why has the value of cannabis stocks been removed from fundamentals? Why are small cannabis business owners – through no […]

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Germany One Step Closer to Legalization

According to a top German official, Germany is one step closer to legalization. The coalition government plans to move forward with cannabis legalization after receiving “very good feedback” from the European Union (E.U.). German Health Minister Karl Lauterbach is confident Germany will introduce legalization legislation “in the next few weeks,” reports the German press. “We will soon present a proposal that works, that is, that conforms to European law,” said Lauterbach. Why Germany Needs the E.U.’s Support Germany took a […]

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Silicon Valley Bank (SVB) & the Cannabis Industry

What is the relationship between Silicon Valley Bank (SVB) – the largest U.S. bank failure since 2008 – and the cannabis industry? Fortunately, SVB doesn’t (or didn’t?) have any cannabis companies as significant clients. Despite the venture capital investors have pumped into the industry, U.S. cannabis banking remains elusive. That said, the cannabis industry will feel SVB’s collapse. Here’s how. Silicon Valley Bank (SVB) & the Cannabis Industry While SVB has no major cannabis companies on their roster, there were […]

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Texas Decriminalizes Cannabis?

Texas is one step closer to decriminalizing cannabis. House Bill 218, which received unanimous support, was approved in a 9-0 vote last week. Texas’ decriminalization bill removes arrest and jail time for low-level possession of cannabis. It will also allow for the eventual expungement of records. This isn’t the first time Texas has attempted to decriminalize cannabis. In 2019 and 2021, the House of Representatives passed cannabis decriminalization bills. The Senate, led by Lt. Gov. Dan Patrick, shot down both […]

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U.N.: Legal Cannabis Has Risks 

The United Nations (U.N.) drugs control board says legal cannabis has health risks. They’re warning of “negative health effects and psychotic disorders” with legalization. They also worry that legalization violates the 1961 Single Convention on Narcotic Drugs. You’d think after sixty-two years of evidence dispelling reefer madness myths, the U.N. would have an updated view. But alas, they repeat the mantra that cannabis is “highly addictive and liable to abuse,” As per the Convention, it has no scientific or medical […]

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Did Portugal Really Decriminalize Drugs?

Did Portugal really decriminalize drugs? This seems like an obvious answer. In 2001, the European country decriminalized drugs. While possession and use were (and still are) technically illegal, the authorities treat it as a public health issue rather than a criminal offence. The success of this program has prompted other jurisdictions, such as British Columbia, to try their hand at decriminalization. However, there are substantial differences between the two. Whereas Portugal has over sixty therapeutic communities designed to eliminate addictive […]

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