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Author: Johnny Green

Albanian Prime Minister Discusses Medical Cannabis

Albania is home to one of the most popular cannabis smuggling routes on earth and is also home to a significant amount of unregulated cannabis cultivation.

How much cannabis is actually cultivated and/or smuggled through Albania in a year is anyone’s guess, however, it’s a safe bet that the number is measured in tons instead of kilos.

Authorities in Albania have cracked down hard on the illegal cannabis trade in recent years, yet, the industry continues to thrive within Albania’s borders and domestically cultivated cannabis is transported and sold throughout Europe.

Cannabis activists in Europe have tried very hard to reform Albania’s cannabis laws for many years. Unfortunately, even medical cannabis reform has remained elusive, although that may be changing soon. Per Albanian Daily News:

Prime Minister Edi Rama has reopened the topic of legalization of the medical cannabis, during a meeting with several citizens within the initiative of the National Counselling. The head of government showed how the cutlivation of medical cannabis would work if it were legalized.

According to Rama, the whole process would be strictly monitored, and cannabis would be used mainly for exports.

Prime Minister Rama was very clear that cannabis would be tightly controlled, and provided no timeline for any action on implementing a regulated medical cannabis program. Until any specifics surface, cannabis advocates should temper expectations.

Based on the Prime Minister’s comments, there doesn’t appear to be a desire to focus on helping suffering patients in Albania for the time being, which is truly unfortunate.

Setting up an industry geared only towards profiting from exports is helpful economically, however, it’s far from a compassionate-focused approach.

What Is The Status Of Cannabis Clubs In Spain?

It is no secret that Spain is home to one of the best cannabis communities on earth and that at the heart of that community is private cannabis clubs. Spain is home to hundreds of cannabis clubs, with the Barcelona region being particularly well-known for its cannabis clubs.

The ‘club model’ is largely a Spanish creation. The model involves people signing up for private membership to a cannabis club and paying a fee, after which they can frequent the club to purchase cannabis and socialize. It’s how many people both locally and from around the world acquire their cannabis and/or entertain themselves in Spain.

Unfortunately, the clubs are not technically recognized as being legal by Spain’s government, and even though Barcelona specifically passed a local measure to allow cannabis clubs, that measure was eventually overturned by Spain’s top court. Enforcement is lax in Spain, however, clubs operate in a legal gray area.

Why Not Embrace Cannabis Clubs?

The cannabis club model is far from new in Spain, and unknown amounts of unregulated cannabis is sold via Spain’s cannabis clubs every day. For some reason, lawmakers in Spain seem to want to stick their heads in the sand and pretend that the clubs and their activities do not exist.

That approach will become far less tenable now that the first country in Europe has legalized cannabis for adult use. Malta passed a legalization measure late last year that will create an industry entirely based on the cannabis club model. It makes zero sense for Spain to stand by and do nothing while Malta reaps the rewards for passing sensible legislation.

Spain needs to not only allow cannabis clubs to legally operate – the country needs to embrace its cannabis clubs and help them thrive by passing sensible regulations to bring them out of the shadows and into the light. Doing so will create jobs, generate public revenues, and provide boosts to local economies. It would also help keep people out of jail.

What Does The Future Hold For Spain’s Cannabis Clubs?

The International Cannabis Business Conference is coming back to Barcelona on March 10th. The event, which is part of the world’s largest cannabis superconference along with Spannabis, will feature a panel specific to the topic of cannabis clubs in Spain and is the perfect place to gain insight into what the future may hold. The panel, titled ‘Current Challenges of Cannabis Social Clubs in Spain,’ will be moderated by Òscar Parés – Deputy Director of the ICEERS Foundation. It will also include Albert Tio, founder of Airam and President of Fedcac, and Patricia Amiguet, founder of Pachamama Cannabis Association and President of CatFAC.

This year’s conference will also feature a one-on-one fireside chat with acclaimed entertainer Jim Belushi. Jim Belushi is a man of many talents – actor, singer, comedian, dancer, and now a legal cannabis farmer. Join Jim Belushi and journalist Micha Knodt as they have a one-on-one discussion about Belushi’s career, cannabis advocacy, and his current cannabis industry endeavors via Belushi’s Farm and its famous signature brands. Belushi and Knodt will also discuss Belushi’s new hit Discovery Channel cannabis reality show ‘Growing Belushi’.

The most entertaining man in cannabis, Ngaio Bealum, will serve as the International Cannabis Business Conference’s Master of Ceremonies in Barcelona. Additional speakers include:

    • Jamie Pearson – President and CEO, Bhang Inc
    • Bernardo Soriano Guzmán – CO-CEO, S&F Abogados
    • Guillermo J Fernandez Navarro – CO-Founder, S&F Abogados
    • Nic Easley – CEO of 3C Consulting and Managing Director of Multiverse Capital
    • Luna Stower – VP Business Development, Ispire
    • Sergio González aka Weedzard – President, 420 Movement
    • Iker Val – CPO, Sovereign Fields
    • Chloe Grossman – Executive Director of Corporate Growth, Trulieve Cannabis Corp
    • Roberto Algar – Managing Director, Curaleaf Switzerland
    • Santiago Ongay – CEO, Sabia
    • Kai-Friedrich Niermann – Founder, KFN+ Law Office
    • Dr. Juana Vasella – Attorney of Law, MME Legal Zurich
    • Joan Simó Cruanyes – Coordinator of Cananbis Hub UPC
    • Aaron Smith – Co-Founder and Executive Director, National Cannabis Industry Association
    • Lisa Haag – Founder, MJ_Universe
    • Juanma Fernández – CEO, Easy CSC Group
    • Zeta Ceti – Founder and CEO, Green Rush Consulting
    • Ruben Valenzuela Moreno – CTO, Valenveras

The International Cannabis Business Conference also has additional upcoming events in Berlin in July 2022 and Zurich in September 2022. A limited number of tickets are still available.

Does CBD Help Reduce Methamphetamine Withdrawal Issues?

Stigmatizing drug use and treating drug addiction as a crime are both wrong. Drug addiction should be treated as a serious public health issue and not as a criminal justice issue.

Part of battling drug addiction issues is implementing meaningful strategies for mitigating harm and helping people that are addicted to harmful substances work through withdrawal issues as they quit.

Methamphetamine is a substance that is considerably more harmful compared to cannabis. Meth is very addictive and can wreak havoc on a person’s life. Meth is often combined with other harmful substances and the use of it can lead to death.

CBD Study

Researchers in Iran recently conducted a study in which they explored the potential for cannabidiol (CBD) to help people that are trying to quit using methamphetamine.

“In this review article, we focus on the effects of CBD in the treatment of addiction in a preclinical investigation concerning the pharmaceutic effectiveness and the underlying mechanisms of action on drug abuse specially METH.” the researchers stated.

“Through multiple-mechanisms, there is a belief that CBD modulates brain dopamine responding to METH, resulting in a reduction of METH-seeking behaviors.” the researchers went on to say.

“As our studies indicate, CBD can decrease METH addiction-associated problems, for example, symptoms of withdrawal and craving.” the researchers concluded.

The Safer Choice

As stated previously, no one should ever be shamed for their drug use, whether that drug use involves methamphetamine or not. With that being said, people should also be helped when they are trying to curb addiction.

CBD is non-psychoactive and by all measures is a safe substance. It is widely available and is now infused in all types of products, from gummies to tinctures to beverages.

Talking to a friend or family member that is battling addiction is not an easy task, and it takes tact, compassion, and understanding. If you feel comfortable discussing the matter with someone you know, offer up CBD as an option for battling withdrawals.

In addition to this study, other studies have found that CBD may be helpful in battling other types of addictions as well, including addiction to cigarettes and alcohol – two substances that are also more harmful than cannabis.

Jim Belushi Talks Cannabis Ahead Of Fireside Chat In Barcelona

This year’s International Cannabis Business Conference event in Barcelona will feature a one-on-one fireside chat with acclaimed entertainer Jim Belushi. Jim Belushi is a man of many talents – actor, singer, comedian, dancer, and now a legal cannabis farmer. We asked Belushi a series of cannabis questions ahead of his appearance in Barcelona and below is what he had to say:

JG: You have accomplished so much over the years as a multi-faceted entertainer. Now you are a proud cannabis farmer – how does farming cannabis compare to your other pursuits?

Belushi: They both have a lot in common. They both are on a mission to make people feel good, whether you’re making them laugh in a comedy or performing the Blues Brothers and filling their souls with music, or giving them cannabis to heal their anxieties, hopelessness, pain…. or just making them feel good and euphoric. The entertainment industry and the cannabis industry don’t hurt anybody. You can’t overdose if you laugh too much and you can’t overdose if you smoke too much pot. You may pass out if you eat too much of an edible, and I may have peed my pants from laughing too hard (especially at John Candy movies). But all in all, I’ve been at my business for 40 years and cannabis for 6 and they both have the same purpose — making people feel a little bit better. So I feel like I’m on track. They’re the same medicine.

JG: Belushi’s Farm is located in Southern Oregon. What made you decide to choose that region?

Belushi: Southern Oregon chose me. My friend has a beautiful ranch down the Rogue River that I used to visit with my family twice a year. I went into the river naked one time and came out baptized, with a new spiritual release. I said to my friend, “Do you know of any other properties around here?” And that was it. I didn’t know Southern Oregon was the premiere spot to grow cannabis at the time… I was brought to Southern Oregon.

JG: In addition to flower, what types of products does your company make?

Belushi: We are in pursuit of various skus and manufactured products. We just released a 5mg Blues Brothers ice cream in Massachusetts. We have a Captain Jack’s vape pen exclusively in Oregon (at this point). We have a great collaboration with Bhang Chocolate for the Blues Brothers chocolates. We have a collaboration with Glazed Edibles, a high end, premium product that’s full spectrum in nature in Oklahoma. We are experimenting with a different type of edible in Pennsylvania. We are mainly known for our Blues Brothers Baby Blues, a six pack of .25 joints, our Blues Brothers .7 flip top box of five joints, and our Captain Jack’s full gram and Chasing Magic full gram prerolls.

JG: What markets are they available in? Do you have plans to expand to other continents?

Belushi: As of this writing, we are available in Oregon, Oklahoma, and Colorado. By the end of the second quarter, we will be in Michigan, Massachusetts, Pennsylvania, and of course our Bhang Chocolates are extended in many states.

JG: What is your personal cannabis consumption regimen?

Belushi: I’m a microdoser. It’s medicine to me. I take 2.5-5mg of the Blues Brothers Bhang Chocolate to help me sleep. I’ll smoke a little Cherry Pie at the end of the day to help me with the transition into the evening. It’s medicine to me…”This medicine is so good, people take it FOR the side effects.”

JG: What was your experience like making your hit show ‘Growing Belushi’ on the Discovery Channel? How did that cannabis-focused project compare to other projects you have worked on?

Belushi: This is a big question and deserves its own essay. But in short, all the other projects I’ve been involved with in show business have been scripted. Growing Belushi was all improvised, every scene, every moment. That takes a lot of concentration, a lot of wit, a lot of trust in your own ability, and a lot of overshooting to pull together an hour show each week. But that being said, it’s rewarding and joyous and fun when you’re able to create everything in the show. I love it.

JG: What have you learned from visiting dispensaries in Oregon and beyond?

Belushi: I visit a lot of dispensaries. In Oregon, I actually deliver to dispensaries and I do personal appearances and meet & greets. I have learned 85% of what I know about cannabis from these visits and experiences, which has changed this from a business to a journey to the pathway to healing. There are people, so many people, in need of medicine. From the veterans with PTSD, quadriplegics with spasms, people with shattered bones from car accidents, people with MS, dementia, sleeplessness, cancer on chemotherapy…the list goes on and on. In the dispensaries, I realized this was no longer just a business, it was necessary for the health of our community, for the people who suffer, the people who struggle, the people who are screaming inside the cavity of their bodies. I personally don’t use Ambien or Xanax for anxiety or even Advil. And I don’t really drink. Cannabis has replaced all these needs. I see a community growing larger in the pursuit of using cannabis as a substitute for medications and alcohol and opiates. I have been moved to tears many times.

JG: What advice do you have for aspiring cannabis entrepreneurs?

Belushi: My advice to aspiring cannabis entrepreneurs is to stay out. The margins aren’t there yet. Between the fluctuation of the pricing of the pounds, the taxing, the banking, and the amount of initial capital, I would say don’t do it. Unless your passion overrides your pocketbook.

JG: What is the best way for folks to keep up on all of your cannabis industry pursuits?

Belushi: Through Instagram, Twitter, TikTok, and the website. And of course Growing Belushi on Discovery Plus.

***

About Jim Belushi, Founder of Belushi’s Farm

Jim Belushi is the founder of Belushi’s Farm cannabis, where his sprawling and spiritual 93 acres along the Rogue River plays home to a range of offerings—from Chasing Magic (Jim’s Secret Stash), to The Blues Brothers, to Captain Jack’s Gulzar Afghanica, a rare strain from the Hindu Kush region that became known in the ’70s as “The Smell of SNL,” and now GROWING BELUSHI, a series on Discovery. GROWING BELUSHI takes Discovery’s audiences inside Jim’s world and shows the incredible effort it takes to build a legal cannabis operation. Having suffered the loss of his brother John to an overdose and his own journey, learning and healing through cultivating cannabis, Jim’s a passionate proponent of the plant’s beneficial properties across a spectrum of uses. From enhancing joy and quality of life, mitigating trauma and managing pain, to a harm reduction approach and rebuttal of the opioid abuse epidemic, Jim advocates for patient rights and adult-use legalization while empowering craft farmers to thrive in economies of scale.

A seasoned Second City and Saturday Night Live alumni, Jim has starred in a selection of critically acclaimed movies ranging from Trading Places to Wonder Wheel, working with famed directors like Oliver Stone, Roman Polanski, David Lynch and Michael Mann. He’s also served as an executive producer, music composer, director, book author, and Broadway star. His own television show, According to Jim, aired for 182 episodes during eight seasons with the family favorite launching into off-net syndication. Along with Larry Joe Campbell and other talented Second City alum, Jim Belushi and the Board of Comedy perform improv sketch comedy at colleges, clubs, performing arts centers and venues nationwide. And, together with Dan Aykroyd, Jim tours the globe as Brother Zee of the iconic Blues Brothers. Additionally, Jim headlines his own music group The Sacred Hearts, which is the official house band for the House of Blues brand of venues.

With 42 years in the public eye and Jim’s professional career further inspired by the beauty and healing power of cannabis, Jim is actively engaged in several projects benefiting the region around Belushi’s Farm and beyond. In Medford, Jim is helping reconstruct the historic Holly Theater to bring the 1930s Spanish Colonial movie palace back to life as Southern Oregon’s largest indoor concert venue. In Eagle Point, Jim is assisting with the reconstruction of The Butte Creek Mill, destroyed in a 2016 electrical fire, to preserve its heritage, build community, and improve the environment. And where Jim looks to have the most profound impact, he’s working vigorously with scientists and the Oregon Liquor and Cannabis Commission and Portland City Council to create an opioid trade program where Veterans, the infirmed, downtrodden and addicted can have a place for healing for low to no cost. Additionally, Jim’s on the board of the Last Prisoner Project, a coalition of cannabis industry leaders, executives and artists dedicated to bringing restorative justice to the cannabis industry.

In the words of Dan Aykroyd, “If John had been a pothead, he’d still be alive today.”

https://www.belushisfarm.com

Long Awaited U.S. Legalization Measure To Be Introduced In April

When it comes to cannabis public policy, the United States is home to some of the most ridiculous policies on earth, at least from a contradictory standpoint. Cannabis first became prohibited at the federal level in the United States in 1937. For many decades every state prohibited all forms of cannabis.

In the early 1970s the first state in the country, Oregon, decriminalized cannabis in direct defiance of federal law. In 1996 California became the first state to legalize cannabis for medical use, and in 2012 both Colorado and Washington State became the first to legalize cannabis for adult use. Meanwhile, cannabis remained prohibited throughout all of it at the federal level and still remains prohibited despite so many states having passed medical and/or adult-use legalization measures in recent years.

Fortunately, efforts have picked up in Congress to finally legalize cannabis at the federal level, at least to some degree. For various reasons, not the least of which is the standard inefficiencies of Congress, legalization has remained elusive. Senate Majority Leader Chuck Schumer has indicated that he plans to introduce a bill in April that he seems to think he can build a coalition around. Below is more information about it via a news release from NORML:

Washington, DC: US Senate Majority Leader Chuck Schumer announced at a press conference on Friday that he intends to formally introduce the Cannabis Administration and Opportunity Act (CAOA) in April. The forthcoming legislation, which was released in draft form last July, repeals federal marijuana prohibition by removing cannabis from the US Controlled Substances Act.

Speaking at the event, Sen. Schumer said: “In the coming weeks, we’re ramping up our outreach and we expect to introduce final legislation. Our goal is to do it in April. Then we begin the nationwide push, spearheaded by New York, to get the federal law done. As the majority leader, I can set priorities. This is a priority for me.”

NORML’s Political Director Morgan Fox responded: “We are enthusiastic that the Senator is moving forward on his promise to prioritize cannabis policy reform in the 117th Congress. It is our hope that the official introduction of CAOA jumpstarts hearings and debates in the Upper Chamber — debates that are long overdue.”

In past months, Senate leadership has received criticism for both the slow rollout of the CAOA and for failing to support efforts to enact more incremental federal legislation, such as The SAFE Banking Act, which has been passed multiple times by the US House of Representatives.

NORML was among numerous groups that submitted comments in response to the CAOA draft. Specifically, NORML called for:

  • Strengthening civic protections, including record relief, to provide justice to those previously wronged by federal marijuana criminalization;
  • Revising outdated employment policies regarding non-scientific testing for trace metabolic elements of THC;
  • Ensuring that small and local businesses can compete both with larger corporations and the unregulated market by reducing regulatory and tax burdens;
  • Narrowing the scope of the proposed excise tax to exempt medical cannabis consumer markets;
  • Balancing the roles of the FDA, TTB (Alcohol and Tobacco Tax and Trade Bureau), ATF, and antitrust regulators in a manner that is consistent with other adult-use substances, such as alcohol or tobacco, to ensure non-disruption of currently operational state programs and promoting increased local ownership in the future iterations of the marketplace.

The entirety of NORML’s comments are available.

As initially drafted, the Cannabis Administration and Opportunity Act directs the US Attorney General to remove marijuana from the federal Controlled Substances Act — thereby allowing states to either maintain or establish their own cannabis regulatory policies free from undue federal interference. Under this scheme, state governments – if they choose to do so – can continue to impose criminal penalties for marijuana possession offenses. However, states would not be permitted to prohibit the interstate commerce of legal cannabis products transported through their borders.

The proposal also mandates for the expungement of the records of anyone convicted of a federal, non-violent marijuana offense. The expungements must take place within one year of the law’s enactment.

The Act also forbids federal officials from taking discriminatory actions against those who legally use cannabis. It prohibits “individuals from being denied any federal public benefit … on the basis of [the] use or possession of cannabis.” It also, for the first time, permits physicians associated with the US Department of Veterans Affairs to make recommendations to their patients to access medical cannabis.

The proposal transfers primary agency jurisdiction over cannabis regulation from the US Drug Enforcement Administration to the Food and Drug Administration and to the Alcohol and Tobacco Tax and Trade Bureau in a manner similar to the ways in which these agencies already oversee alcohol and tobacco products. A federal excise tax of 10 percent would be imposed within the first year of the law’s enactment. Medical cannabis access programs, which are operational in the majority of US states, would not be disrupted under this federal plan.

The proposed Senate plan is competing against two other House bills, The MORE Act and The States Reform Act, both of which also seek to deschedule cannabis at the federal level. The MORE Act previously was advanced by the US House of Representative in the 116th Congress and is expected to be taken up again by House lawmakers in the coming weeks.

Additional information on the Cannabis Administration and Opportunity Act is available from NORML.

How Is Cannabis Regulated In Spain?

When it comes to being a cannabis consumer, you will be hard-pressed to find a better place to hang out than Spain. The European nation has long been home to an amazing cannabis community and it is no secret that the hash in Spain is unparalleled.

Barcelona is particularly fantastic for cannabis enthusiasts, with roughly 70% of the nation’s world-famous cannabis clubs being located in the Barcelona region. The food, the culture, the beauty, and the cannabis combine to make Barcelona one of the top cannabis tourist destinations on earth.

Spain is home to a very unique public policy and regulatory approach to cannabis, with some policy components being better than others, especially from the perspective of cannabis patients and entrepreneurs.

Current Legal Status

Currently, cannabis is decriminalized in Spain for personal use. Someone caught with a personal amount of cannabis can face a fine of up to 200 euros, however, many parts of the country have lax enforcement and it is unclear what constitutes a ‘personal’ amount of cannabis.

Cannabis for commercial purposes is completely illegal with the exception of a handful of medical cannabis industry licenses. All of the medical cannabis that is produced under the limited number of licenses is earmarked for export. The only other nationally-recognized cannabis business models are those that involve cannabis research.

With that being said, hundreds of cannabis clubs operate in Spain, and at one point cannabis clubs operating in Barcelona were considered to be legal by local authorities. A court decision overturned Barcelona’s policy of allowing cannabis clubs, leaving the entire industry sector in limbo. Spain’s unregulated market is thriving, however, its regulated industry is considerably hindered by current policy.

Future Reforms?

Europe recently witnessed its first nation legalizing cannabis for adult use after lawmakers in Malta passed a reform measure at the end of last year. Several other countries, including Germany, Luxembourg, and Italy are expected to legalize sooner rather than later.

All of that puts pressure on Spain to step up and take its rightful place as an international cannabis industry and policy leader. The best way to learn more about what is on the horizon in Spain is to attend the upcoming International Cannabis Business Conference B2B event in Barcelona on March 10th, co-sponsored by Bhang Inc and Grow Glide with an after-party sponsored by Juicy Fields. The B2B event is part of the world’s largest cannabis industry superconference alongside Spannabis.

The B2B event has a panel dedicated to the analysis of current laws, regulations, and possible reforms looming in Spain. The moderator of the panel will be Bernardo Soriano Guzmán, CO-CEO, S&F Abogados. Panel participants will include Sergio González aka Weedzard (President, 420 Movement), Iker Val (CPO, Sovereign Fields), and Ruben Valenzuela Moreno (CTO, Valenveras). Every panel member possesses tremendous experience in the cannabis space and is optimally suited to provide valuable insight regarding Spain’s evolving cannabis policies and regulations.

Who Else Will Be Speaking At International Cannabis Business Conference Barcelona?

The most entertaining man in cannabis, Ngaio Bealum, will serve as the International Cannabis Business Conference’s Master of Ceremonies in Barcelona. Additional speakers include:

  • Jamie Pearson – President and CEO, Bhang Inc
  • Guillermo J Fernandez Navarro – CO-Founder, S&F Abogados
  • Nic Easley – CEO of 3C Consulting and Managing Director of Multiverse Capital
  • Luna Stower – VP Business Development, Ispire
  • Òscar Parés – Deputy Director, ICEERS Foundation
  • Chloe Grossman – Executive Director of Corporate Growth, Trulieve Cannabis Corp
  • Roberto Algar – Managing Director, Curaleaf Switzerland
  • Santiago Ongay – CEO, Sabia
  • Kai-Friedrich Niermann – Founder, KFN+ Law Office
  • Dr. Juana Vasella – Attorney of Law, MME Legal Zurich
  • Joan Simó Cruanyes – Coordinator of Cananbis Hub UPC
  • Albert Tio – Founder of Airam and President of Fedcac
  • Aaron Smith – Co-Founder and Executive Director, National Cannabis Industry Association
  • Lisa Haag – Founder, MJ_Universe
  • Juanma Fernández – CEO, Easy CSC Group
  • Patricia Amiguet – Founder of Pachamama Cannabis Association and President of CatFAC
  • Zeta Ceti – Founder and CEO, Green Rush Consulting

Over 80 countries will be represented at the superconference this March in Barcelona and will include representatives from every sector of the industry as well as leading international cannabis policymakers and industry service providers. Attend the superconference in Barcelona to network with investors, entrepreneurs, industry regulators, and international policymakers and take your industry pursuits to the next level.

The International Cannabis Business Conference also has additional upcoming events in Berlin in July 2022 and Zurich in September 2022. You can secure tickets now and take advantage of the early bird pricing discount.

Cannabis Is A Major Economic Contributor In Canada

Canada was not the first country to legalize cannabis for adult use. That distinction goes to Uruguay which legalized cannabis for adult use roughly 5 years prior to Canada doing so in 2018.

However, Canada was the first G-7 country to legalize cannabis for adult use, and historically it is the only country on earth where anyone of legal age can purchase cannabis from storefronts, delivery services, and via the web. It has served as the ultimate public policy experiment, and according to the results of a new analysis from Deloitte, the experiment appears to be working.

Deloitte is the world’s largest consulting firm and offers a wide variety of services. One thing that the consulting firm does is economic analysis. Deloitte recently released its analysis regarding Canada’s emerging cannabis industry.

A number of firms and government entities have released Canada cannabis industry data on a rolling basis, however, Deloitte’s analysis is the most comprehensive to date. They looked at a number of economic statistics and indicators since the start of legalization in Canada over three years ago.

Job Creation

One of the major takeaways from the analysis is that the legal cannabis industry in Canada has created roughly 151,000 jobs. Jobs range from budtenders to cultivation staff to regulatory positions in government. To put that figure into perspective, it is estimated that the number of cannabis jobs in the U.S. is roughly 321,000.

A major selling point for a legalized industry is that it creates good jobs, and often in areas where it’s typically hard to create jobs, such as in rural areas. After all, an indoor cultivation center or processing facility can be located virtually anywhere, and people purchase cannabis nationwide regardless of local population size.

GDP And Tax Revenue

In addition to generating new jobs across Canada, the emerging legal cannabis industry is responsible for generating over $15 billion since legal adult-use sales launched in late 2018. It’s not enough money to solve every financial problem that Canada has, however, it’s still a significant sum that would otherwise be zero if the legal cannabis industry wasn’t allowed to operate.

The overall economic boost from Canada’s legalized industry is substantial. Deloitte estimates that the legal cannabis industry in Canada has contributed over $43.5 billion to the nation’s GDP since the start of legalization. Cannabis companies have directly invested roughly $4.4 billion into Canada’s economy, with the remaining boost to GDP coming from “indirect” economic contributions, and “induced” contributions according to Deloitte.

What Should People Anticipate As Legalization Spreads Through Europe?

The European continent is at the forefront of adult-use cannabis legalization reform. Towards the end of last year, lawmakers in Malta passed an adult-use measure making the country the first in Europe to do so. With 2022 in full swing multiple other countries in Europe may follow.

Members of the governing coalition in Germany previously announced intentions to legalize cannabis for adult use as well as launch a regulated adult-use industry. The German lawmakers did not announce a specific timeline for doing so, however, the start of the policy shift is expected to happen sooner rather than later.

Cannabis activists in Italy have likely gathered enough signatures to put a cannabis legalization referendum before voters. The effort only needs to clear one more procedural hurdle, which is expected to happen later this month. Legalization is expected to occur this year in Luxembourg according to lawmakers.

Both Switzerland and the Netherlands are pursuing adult-use ‘pilot programs’ in which cannabis will be legal in certain jurisdictions for research purposes to help craft eventual national legalization policies. Switzerland already allows the sale of cannabis products with less than 1% THC content. In every measurable way, cannabis legalization is on the move in Europe.

Opportunities For Investors, Operators, And Consumers

It is truly an exciting time to be a cannabis enthusiast in Europe and looking towards the future, the situation should only continue to improve as more countries pursue and enact sensible reform measures. Every European country that legalizes, starting with Malta, builds momentum for reform in other countries on the continent. Lawmakers have to decide if they want to get on the right side of history and see their countries reap the benefits of cannabis reform, or continue to cling to failed public policy and let once-in-a-generation opportunities pass them by.

Now that the first domino has fallen, people can expect an uptick in policy changes in the coming years in Europe. Knowing what to anticipate and getting the timing right is extremely important for investors, operators, and consumers as there will be tremendous opportunities created by the inevitable policy changes.

The perfect time and place to learn more about what to anticipate in Europe is at the upcoming International Cannabis Business Conference B2B event in Barcelona on March 10th. The event is part of the world’s largest superconference, with the International Cannabis Business Conference once again teaming up with Spannabis. Jamie L Pearson, Bhang Inc.’s (CSE:BHNG OTCQB: BHNGF) President and CEO will provide the keynote at the B2B event.

Pearson is a proven leader in the cannabis space and brings nearly a decade of experience from operating an internationally-recognized brand in the ever-evolving North American cannabis markets. She will offer her top 10 observations regarding social justice, banking, taxation, wellness, and leadership in her keynote address.

Additional Speakers

The rich cannabis history and culture in Barcelona, Spain make it the perfect backdrop for the next International Cannabis Business Conference being held in March. The conference is co-sponsored by Bhang Inc and Grow Glide. At the conclusion of the superconference the International Cannabis Business Conference will host one of its world-famous after-parties. This year’s after-party will be sponsored by Juicy Fields.

The most entertaining man in cannabis, Ngaio Bealum, will serve as the International Cannabis Business Conference’s Master of Ceremonies in Barcelona. Additional speakers include:

    • Bernardo Soriano Guzmán – CO-CEO, S&F Abogados
    • Guillermo J Fernandez Navarro – CO-Founder, S&F Abogados
    • Nic Easley – CEO of 3C Consulting and Managing Director of Multiverse Capital
    • Luna Stower – VP Business Development, Ispire
    • Òscar Parés – Deputy Director, ICEERS Foundation
    • Sergio González aka Weedzard – President, 420 Movement
    • Iker Val – CPO, Sovereign Fields
    • Chloe Grossman – Executive Director of Corporate Growth, Trulieve Cannabis Corp
    • Roberto Algar – Managing Director, Curaleaf Switzerland
    • Santiago Ongay – CEO, Sabia
    • Kai-Friedrich Niermann – Founder, KFN+ Law Office
    • Dr. Juana Vasella – Attorney of Law, MME Legal Zurich
    • Joan Simó Cruanyes – Coordinator of Cananbis Hub UPC
    • Albert Tio – Founder of Airam and President of Fedcac
    • Aaron Smith – Co-Founder and Executive Director, National Cannabis Industry Association
    • Lisa Haag – Founder, MJ_Universe
    • Juanma Fernández – CEO, Easy CSC Group
    • Patricia Amiguet – Founder of Pachamama Cannabis Association and President of CatFAC
    • Zeta Ceti – Founder and CEO, Green Rush Consulting
    • Ruben Valenzuela Moreno – CTO, Valenveras

The International Cannabis Business Conference also has additional upcoming events in Berlin in July 2022 and Zurich in September 2022. You can secure tickets now and take advantage of the early bird pricing discount.

Will Lawmakers In Mexico Finally Pass Cannabis Legalization This Session?

The path towards adult-use legalization in Mexico has proven to be long and full of twists and turns. For many years Mexico prohibited cannabis in all forms, however, in 2017 it finally legalized cannabis for medical use to some extent.

That following year, in 2018, Mexico’s Supreme Court ruled that cannabis prohibition as it pertains to personal use was unconstitutional. It was a landmark ruling that was celebrated at the time around the world. Similar decisions were also handed down in South Africa and Italy.

In Mexico specifically, the Court tasked lawmakers with passing legislation to fully implement the Court’s decision and initially gave a one-year deadline. Lawmakers requested an extension and were granted one that expired in April 2020.

Due to the onset of the pandemic, lawmakers requested another deadline. And then another. As it stands right now, it’s anyone’s guess as to when Mexico will finally get a legalization bill to the finish line.

With a new session starting next month, international cannabis enthusiasts are hopeful that a bill will finally be passed this time around. Per Politico (translated from Spanish):

Proposals have been submitted; however, these have not prospered due to the lack of consensus on the subject. In this sense, it is expected that in the next ordinary period, which begins on February 1, the parliamentary groups that have a presence in the Senate will begin with the analysis of the issue.

Parts of Mexico are developed and full of economic opportunity, however, much of the country lives in poverty. It is no secret that Mexico has been ravaged by the War on Drugs, and that cannabis prohibition fueled the issue to some extent. Creating a regulated adult-use industry will do a lot to help Mexico’s citizens.

The desire to legalize cannabis for adult use in Mexico is strong among lawmakers, and it’s not a question of if Mexico will pass a bill, it’s a question of when? Lawmakers in Mexico have argued over provisions of a regulated industry for far too long. Hopefully this session proves to be the one that yields a successful, fair, and equitable legalization measure.