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President Of Argentina Predicts Nation’s Cannabis Industry Will Create “10,000 Jobs”

Argentina passed a medical cannabis legalization measure back in 2017, however, that legislation proved to be more symbolic than anything, at least in the initial preceding years after passage. That was largely due to former President of Argentina Mauricio Macri who did seemingly everything that he could to hinder the nation’s medical cannabis program from progressing.

The current President of Argentina, Alberto Fernández, issued a decree in 2020 that greatly increased safe access in the South American country. The decree legalized home cultivation, and also set the stage for Argentina’s legal cannabis industry to emerge.

The decree allowed pharmacies to sell cannabis-derived oils, topicals, and other products, and it directed insurance systems to cover medical cannabis treatments for patients who obtained a prescription.

President Fernández recently stated that his country’s legal cannabis industry could generate over 10,000 jobs in the coming years, as seen in the tweet below:

Time could prove the President’s prediction to be too conservative. For reference, Canada’s legal cannabis industry is estimated to have created over 150,000 jobs just since 2018. Canada has a population of roughly 38 million people, whereas Argentina has a population of over 45 million people.

Obviously, Canada’s legal cannabis industry is not an apples-to-apples comparison to what Argentina’s industry will become, however, the comparison provides some context for President Fernández’s recent prediction.

Argentina is home to the second-largest economy in South America behind Brazil and has a GDP that ranks 31st globally. Current top exports include soybeans and derivatives, petroleum and gas, vehicles, corn, and wheat.

NCAA Raises Cannabis Testing Threshold – What Does This Mean For International Sports?

The National Collegiate Athletic Association raises its testing thresholds – could this impact European sports organizations as well?

Following the announcement that the National Football Association (NFL) would be funding two medical studies on cannabis to the tune of $1 million earlier in the month, the NCAA has also put forward an announcement about its own change of policy on the cannabis front.

Last Friday, the NCAA raised its testing threshold for cannabis and recommended reduced penalties for student athletes who test positive for cannabis use. This is a significant change for the organisation.

The new guidelines are in line with THC guidelines established by the World Anti-Doping Agency.

Further, the NCAA also recommended that its penalty structure is changed. Namely, after a first positive test, an athlete will not lose eligibility if the student’s school provides drug education for the student. This is also the case for the second positive test if the athlete’s school confirms that the student was compliant after the first incident. However, if the athlete was not compliant, they will be withheld from 25% of regular season play. After a third positive test, students will be withheld from 50% of regular season play if they have not been compliant in the school’s anti-drug education program.

Previously, athletes who tested positive for cannabis would be suspended for half a season and remain ineligible until the suspension period was completed and a subsequent negative test.

Where American Sports Go, So Will Global Ones

The move to accept cannabis use by athletes from prominent sports organizations – both professional and amateur, in the United States, is likely to push other global sports organizations to follow suit. This includes the Olympics, international tennis and of course soccer. Last year, Olympic favourite Sha’Carri Richardson was banned from competition after she tested positive for cannabis use.

Right now, cannabis sports meds are in a very early stage just about everywhere else. According to the German Journal of Sports Medicine, “Although the physical effects of cannabis are relatively minor, the increase in heart rate and blood pressure can cause problems. There are known cases in which cannabis has caused or promoted cardiac arrhythmias, heart attacks, and probably strokes.”

That said, give it time. The medical cannabis conversation continues to roll on, and where reform goes, sports organizations will follow.

Be sure to book your tickets to this years’ International Cannabis Business Conference events in Barcelona, Berlin, and Zurich.

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.

Colombian Government Passes CBD Regulation

Regulation 227 aims to make the country’s cannabis industry more competitive by allowing the export of dried flower and other CBD based products

Colombia is positioning itself as a comer in the global cannabis market. The latest move, allowing GACP certified CBD producers to export their product globally, is just another sign of the same. It also comes almost 8 months after the government also allowed the export of GMP grade medical cannabis flowers.

This now positions Colombia as a country poised to export other Central and South American countries and north (to Canada). The country is already a player in the European market, shipping cannabis to the UK and multiple countries in the EU, including Germany.

How legitimate is the CBD Market for International Export?

Colombia and other countries in Central and South America may be price competitive when it comes to the EU-GMP conversation, however, the jury is still out when it comes to CBD of the GACP kind.

On one hand, the fact that CBD regulations are on the normalization side (see both France and Germany), imported CBD flowers and extract is still a dodgy proposition. There is currently a de facto ban on the import of CBD in Germany right now because of this. Hemp is also a subsidized crop here, so entering this part of the market remains a ferociously competitive and regulation-strewn proposition.

That said, there is always France. 

However, Colombia is not the only country, in or outside of Europe now gunning for these markets.

The question, as it always is, is one of price.

What the entre of Colombia into the global cannabis really means is that prices, in both GMP quality and that bound for “other” purposes, are headed down.

And that, both for the medical market and the budding recreational one, is actually very good news.

Cannabis As Global Commodity

This is not to say that the entire cannabis commodity supply chain is suddenly de-kinking. Companies have been built in the German market alone by knowing how to arbitrage this most fickle of commodities. Those days are far from over yet.

However, knowing that Colombia is open and ready for business and where to talk to the manufacturers (in Europe) means that suddenly sourcing cheaper, regulated, and registered cannabis is no longer such a pain, much less expensive.

Bottom line? Colombia has made the transition from “illicit drug capital” to “cannabis exporter to the world” in a few fairly easy and smooth jumps. 

Be sure to book your tickets to the upcoming International Cannabis Business Conference events in Barcelona, Berlin and Zurich!

Italian Supreme Court Nixes Constitutional Mandate On Cannabis

In a blow to forward reform in Italy, the Supreme Court blocks request to hold a referendum on the legalization of cannabis cultivation

Cannabis reform may be coming to Europe in ever more advanced ways, but it still does not mean that the forces against it are giving way en masse. Indeed, in every European country so far, reform has been wrought, painfully, and mostly first by legal challenge.

This is now clearly the case in Italy where the country’s top legal authority just nixed the possibility of a voter referendum to legalize the growing of cannabis. The proposal sought to legalize home grow for personal use and reduce sanctions for other “crimes” including decriminalization and eliminating prison time for those selling small amounts of the drug.

The move has prompted a fierce response from pro-legalization advocates who say that this refusal is an attack on constitutional freedom and liberty inherent in a democracy. Hundreds of thousands of Italians signed the proposal. The court claims that the referendum included other narcotics that are considered to be hard drugs that could not be liberalized. 

What Is Likely to Happen Next?

There are two likely outcomes. The first is that a new referendum will be launched that only includes cannabis. This should not be all that hard to do in an environment where it is obvious to Italians that cannabis reform is afoot across Europe (if not globally). 

Then of course there is the other option – a lawsuit on behalf of a patient recently caught growing and selling small amounts. 

In this environment, both could happen. Further, given the fact that European level courts have still not ruled in favour of this kind of reform, it is a potent target.

The Italian Conundrum

The problem right now in Italy is that cannabis reform is in a bit of a grey space. Regulated cannabis firms are allowed to cultivate cannabis, as are individuals. However, when it comes to the transaction of nonregulated cannabis, those who want to see this proceed are likely to find themselves pitted against the “industry.” Not to mention consumers who want to be able to buy and consume safe cannabis.

That said, what the failure of this referendum may also do is galvanize the Italian government to create a fully regulated recreational market. Particularly post Covid, it is a rare government globally which is not looking for tax revenue just about anywhere it can get it.

Be sure to book your tickets to the International Cannabis Business Conference when it returns to Barcelona, Berlin, and Zurich in 2022!

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.

Key German Hemp Case Moves Forward In Court

The right to sell (and market) hemp is moving forward in a significant legal klage that is long overdue

Germany might be the most important (and largest) cannabis market in Europe at the moment, but nothing here has been gained without legal fights. Beyond that, while the medical market is developing here steadily if still too slowly and in fits and starts, the Germans are still behind the most cutting-edge case law on the continent on the hemp front.

Namely, after the Kanavape case in France last year, the right to sell hemp products including hemp tea and even smokable flower has arrived in France, Luxembourg, Austria, and Belgium, but aus Deutschland? Still not so much.

The last court decision on the issue was inconclusive.

Now, that right is being taken to court in Saxony’s highest administrative legal arena.

The case is a biggie – and given movements in Germany on the legislative side – namely the statements of the traffic light coalition to normalize the entire industry – is likely to solve the issue nationally.

Removing Cannabis from The German Narcotics Act

As with just about everything in this industry, this is a critical matter of timing. It is not just hemp that needs to be removed from the Narcotics Act. A compromise on the THC side of the equation is also in the offing with the entire legalization discussion.

While this hemp case is not going to solve that, it is very likely, given both decisions at the EU level and most recently in France, that this legal clash will start to set definitive case law in Germany.

If not, it is also very likely, given the lawyers as the cannabis firms involved, that this challenge will not be defeated.

Change Is Afoot in The Entire German Cannabis Market

Germany is clearly going to see fairly comprehensive cannabis reform this year and on multiple fronts.

What is interesting about this case, however, is not only its timing, but the fact that any decision on hemp legally, will then have to be enshrined in the recreational cannabis law now floating around the Bundestag.

It could not be better timed, and of course, is way overdue.

Be sure to book your tickets to International Cannabis Business Conference events this year in Barcelona, Berlin and Zurich!

South Africa’s President Promises Forward Cannabis Reform In State Of Union Speech

New, pro-business cannabis reform has been prioritized by President as a means of economic development and post-Covid rescue of the economy

South Africa’s President, Cyril Ramaphosa said in his state of the union speech last week that cannabis reform in the country is now at the top of the economic development agenda. He specifically cited that the industry, which is on track to create over 130,000 new jobs, needs a regulatory structure to flourish, but that it held a bright promise for the country.

Cannabis reform has been on a slow, but steady track towards progress here. In September 2020, a much-criticized bill was introduced in Parliament, but a combination of Covid and other issues with the legislation has slowed its passage down.

No more. Rampaphosa is on a campaign to change all that.

“We want to harness this,” he said. “We are going to fast-track policy and regulations for the use of cannabis for medical use, especially in the Eastern Cape and KwaZulu-Natal.”

Cannabis Reform in Africa

South Africa of course, is jumping on a bandwagon led regionally by Lesotho, Zimbabwe, Uganda, and Morocco. 

The entire industry represents a tantalizingly valuable, renewable commodities market for which the rest of the world is developing a large appetite. The European and Israeli medical markets (for starters) represent a destination for African-grown cannabis that is unlikely to abate, particularly given both the costs and hostility towards full reform that still exists at least within the EU (in official circles at least).

Beyond this, there are clearly other huge possibilities dawning for an intra-Africa industry that are drawing investors globally, but particularly at this point from North America and increasingly, Europe. 

Beyond the medical and consumer’s market for edibles, the industrial hemp vertical is also being examined as a way to do everything from cleaning up pollution left by gold and diamond mining to creating cheap and planet-friendly construction materials.

The Race for Cannabis Reform

Africa, in fact, represents one of the more interesting cannabis frontiers now. American, Canadian, and European investors are flocking to opportunities in the cultivation and extraction space. Israel beat everyone to the punch by importing early. North Macedonia too has been a regular client. Germany began importing from the Dark Continent last year.

The question, however, so far, is where are the Chinese?

One thing, however, is crystal clear. As in the last African “Age of Exploration,” an international group of investors is now looking at opportunities of the cannabis kind all over the continent. And that in turn, is helping to seed an industry that took root long ago. This time, of course, it will be of the legal, certified kind.

Be sure to book your tickets to the upcoming International Cannabis Business Conference events in Barcelona, Berlin, and Zurich as well as the Global Investment Forum in Berlin this summer!