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POLITICSSchumer Plans To File Marijuana Legalization Bill In April As Top House Lawmaker Details His Own Reform Plan
February 4, 2022
Senate Majority Leader Chuck Schumer (D-NY) announced at a press conference on Friday that he is aiming to formally file his much-anticipated bill to federally legalize marijuana in April. House Judiciary Committee Chairman Jerrold Nadler (D-NY), who also spoke, discussed progress on his separate legalization bill.
https://www.marijuanamoment.net/schumer-plans-to-file-marijuana-legalization-bill-in-april-as-top-house-lawmaker-details-his-own-reform-plan/
Cannabis Legalization in Germany – The Final Blow to European Drug Prohibition?
The new German government plans to legalize cannabis. The bill for the cannabis control law includes the licensed cultivation of the soft drug and the selling in specialized shops to persons over 18 years.
https://europeanlawblog.eu/2022/01/11/cannabis-legalization-in-germany-the-final-blow-to-european-drug-prohibition/
https://dserver.bundestag.de/btd/18/042/1804204.pdf
thanks Hunch.... green days ahead...
Congressman Files New Marijuana Banking Reform Amendment To Large-Scale House Bill
January 28, 2022
The House sponsor of a bill to protect banks that work with state-legal marijuana businesses announced on Friday that he is seeking to attach an amendment containing the reform to a broader bill dealing with research and innovation in the tech and manufacturing sectors.
Rep. Ed Perlmutter (D-CO), sponsor of the Secure and Fair Enforcement (SAFE) Banking Act, has expressed interest in finding another vehicle to pursue his proposal after it was stripped from a separate defense bill late last year. The congressman’s legislation has cleared the House in five forms at this point, only to stall in the Senate.
His latest attempt to get the reform enacted is by filing an amendment with the SAFE Banking language to the America COMPETES Act, which does not deal specifically with cannabis issues as drafted but was introduced in the House this week.
“Cannabis-related businesses—big and small—and their employees are in desperate need of access to the banking system and access to capital in order to operate in an efficient, safe manner and compete in the growing global cannabis marketplace,” Perlmutter, who is retiring from Congress after this session and committed to passing his bill first, said in a press release.
https://www.marijuanamoment.net/congressman-files-new-marijuana-banking-reform-amendment-to-large-scale-house-bill/
Amazon, the second largest private employer in the U.S., is backing a Republican-led bill to federally legalize, tax and regulate marijuana.
The company’s public policy division said on Tuesday that it is “pleased to endorse” the legislation from Rep. Nancy Mace (R-SC), who filed the States Reform Act in November as a middle-ground alternative to more scaled back GOP proposals and wide-ranging legalization bills that are being championed by Democrats.
“Like so many in this country, we believe it’s time to reform the nation’s cannabis policy and Amazon is committed to helping lead the effort,” the company, which previously expressed support for a separate, Democratic-led legalization bill, said.
Amazon has worked to adapt to changing marijuana policies internally as it’s backed congressional reform, enacting an employment policy change last year to end drug testing for cannabis for most workers, for example.
Months after making that change—and following the introduction of the States Reform Act—Mace met with Amazon and received the company’s endorsement, Forbes reported.
“They don’t want to sell it,” the freshman congresswoman said, adding that Amazon is primarily interested in backing the reform for hiring purposes instead of as a way to eventually sell cannabis. “It opens up the hiring pool by about 10 percent.”
Brian Huseman, Amazon’s vice president of public policy, said the bill “offers comprehensive reform that speaks to the emergence of a bipartisan consensus to end the federal prohibition of cannabis.”
Amazon’s drug testing decision was widely celebrated by reform advocates and industry stakeholders. Initially, the company only talked about ending the policy going forward. But it later disclosed that the policy change would also be retroactive, meaning former workers and applicants who were punished for testing positive for THC will have their employment eligibility restored.
The reason for the move away from marijuana testing was multifaceted, Amazon said at the time. The growing state-level legalization movement has made it “difficult to implement an equitable, consistent, and national pre-employment marijuana testing program,” data shows that drug testing “disproportionately impacts people of color and acts as a barrier to employment” and ending the requirement will widen the company’s applicant pool.
The GOP congresswoman’s bill already has the support of the influential, Koch-backed conservative group Americans for Prosperity.
The measure would end federal cannabis prohibition while taking specific steps to ensure that businesses in existing state markets can continue to operate unencumbered by changing federal rules.
https://www.marijuanamoment.net/amazon-endorses-gop-led-bill-to-federally-legalize-marijuana/
f****ng nightmare...
Is Uber going after the cannabis space?
Ridesharing giant Uber recently took a step into the cannabis industry in Canada by announcing a partnership with regional dispensary Tokyo Smoke. .....
https://www.marijuanatimes.org/is-uber-going-after-the-cannabis-space
(Canadian lifestyle brand Tokyo Smoke is owned by Canopy Growth)
Cannabis compounds can stop the virus that causes COVID-19 from entering human cells by binding to the spike protein and blocking it from infecting people, study finds
The compounds are found in hemp and can be taken orally or combine with the coronavirus vaccine
The compounds, a pair of cannabinoid acids, bind to the SARS-CoV-2 spike protein
This blocks the virus from infecting human cells, thus stopping COVID-19
https://www.dailymail.co.uk/sciencetech/article-10395689/Cannabis-compounds-stop-virus-causes-COVID-19-entering-human-cells-study-finds.html
Cannabis compounds can stop the virus that causes COVID-19 from entering human cells by binding to the spike protein and blocking it from infecting people, study finds
The compounds are found in hemp and can be taken orally or combine with the coronavirus vaccine
The compounds, a pair of cannabinoid acids, bind to the SARS-CoV-2 spike protein
This blocks the virus from infecting human cells, thus stopping COVID-19
https://www.dailymail.co.uk/sciencetech/article-10395689/Cannabis-compounds-stop-virus-causes-COVID-19-entering-human-cells-study-finds.html
Organigram beats on revenue
Jan. 11, 2022 6:04 AM ETOrganiGram Holdings Inc. (OGI)By: Meghavi Singh, SA News Editor
Organigram (NASDAQ:OGI): FQ1 Net loss of $1.31M vs. net loss of $34.34M a year ago quarter.
Revenue of $30.38M (+57.2% Y/Y) beats by $7.1M.
Press Release
Q1 Fiscal 2022 adjusted gross margin was $5.5 million, or 18% of net revenue, compared to $1.9 million, or 10%, in Q1 Fiscal 2021.
Q1 Fiscal 2022 negative adjusted EBITDA improved to $1.9 million compared to $5.7 million in Q1 Fiscal 2021.
“Our positive outlook for 2022 is further bolstered by the addition of Laurentian’s premium products to our portfolio, with an increased presence in Quebec and the resumption of international sales, which will continue through the year. We are also pleased with our continued progress at improving economies of scale in our operations, thus reducing operating costs and driving significant improvements in adjusted gross margin and adjusted EBITDA. While we previously projected to achieve positive adjusted EBITDA in Q4, with the purchase of Laurentian that will be accelerated to Q3 Fiscal 2022," said Beena Goldenberg.
https://seekingalpha.com/news/3786958-organigram-beats-on-revenue?messageid=2900&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=RTA+News+Smart
Why It's Time to Start Taking Tilray (TLRY) Seriously
https://www.nasdaq.com/articles/why-its-time-to-start-taking-tilray-tlry-seriously
The fact that they did actually report earnings rather than losses looks quite significant at this point and may well represent a turning point for the company, if not for pot stocks in general.
Still no details from the new German coalition government about legalising cannabis...
Many are waiting...
Here is background for new investors, however, this article forgets to mention Tilray as one of the few companies already producing canna for the German market:
Germany’s medicinal cannabis start-ups are blooming as it eyes move to legalise recreational use
https://www.euronews.com/next/2022/01/03/germany-s-cannabis-start-ups-flourish-as-the-country-moves-to-legalise-recreational-use-of
Tilray's big future moves are Europe...
The population of just the EU (no borders no duties no customs hassles) is 450m people...
There are another 100m hanging around on the outside..
These days I am almost blocking out US commentary as those infantile Washington politicians seem hell bent on civil warring with each other...
silly children...
adults are running Europe...
the big daddy player is Germany.
Other similar economies, and many smaller countries, will follow Germany because they just cannot afford to have a large land mass legalised because canna-tourists will travel to buy in Germany.
All that money flying out of France, Low Countries, Scandinavia, Italy etc into Germany...
There are no borders inside Europe, and these days very few cops are interested in hassling personal use because of too much paperwork...
Germany will be big (for Tilray, ACB and other LPs) in '22, and even bigger in '23...
All that money sloshing between Europe and Canada will shock the USAers into legalising federal adult reck so that they too can export into Europe.
A wise man might calculate that the longer the US didders over legalisation the more the LPs will become massive profitable multinational corporations.....
u got a good read... thanks
Tilray reports 20% jump in revenue on higher demand
https://www.reuters.com/business/healthcare-pharmaceuticals/tilray-reports-20-jump-revenue-higher-demand-2022-01-10/
Jan 10 (Reuters) - Tilray Inc (TLRY.TO) reported a 20% jump in second-quarter revenue on Monday, as the Canadian pot producer benefited from higher demand for cannabis and related products.
Pandemic-induced lockdowns have lifted demand for cannabis-related products from homebound customers, while the new marijuana sector-friendly policy changes including access to federal banking has sparked optimism among investors.
The world's largest cannabis producer by sales said its revenue rose to $155 million in the quarter ended Nov. 30 from $129 million a year earlier.
The company posted a net income of $6 million in the quarter, compared with a loss of $89 million a year earlier.
But for the German coalition partners — the left-of-centre SPD, the libertarian FDP and the unconventional Greens — legalisation was a no-brainer, one of the few causes they could easily agree on.
Fiscal arguments also played a role. Decriminalisation could deliver a net benefit to the state of €4.7bn a year, including €2.8bn in tax revenues and €1.36bn in savings on police and legal costs, according to a recent study by Heinrich Heine University Düsseldorf.
Unsurprisingly, the coalition’s announcement triggered a wave of interest in the sector. Stefan Langer, founder of Bavaria Weed, a small producer, was featured in Bild Zeitung this month sporting a crown of hemp leaves and bulging bags of buds, under the headline: “I want to be Germany’s cannabis king”.
Yet sceptics urge caution and point to Canada, where the wave of excitement unleashed by legalisation in 2018 quickly ebbed. Although 73 cannabis companies went public there from 2016-2019, the early enthusiasm faded when growth underperformed expectations.
“There was just this financial hype and?.?.?.?too much material came on to the market,” said Müller. “Most companies are still not earning any money.”
The situation in the US also played a role. “There were big expectations that [President Joe] Biden would legalise cannabis on the federal level and the fact that he hasn’t disappointed a lot of people,” said Kyle Detwiler, chief executive of Clever Leaves Holding, a Colombia-based producer. “It had a huge impact.”
A Canada-style boom and bust is unlikely in Germany, however, where barriers to entry remain prohibitively high. Companies have this year been able to grow medical cannabis in Germany, where doctors have been free to prescribe it in various forms since 2017. So far, though, only three companies have a licence to cultivate: Demecan, and the German subsidiaries of Aphria and Aurora, both of Canada.
All three must adhere to “good manufacturing practice”, an internationally agreed standard for pharmaceutical products. Some think it is inappropriate for recreational weed.
“The GMP standard is completely excessive,” Müller said. “We need a wholly new standard that’s somewhere between food and pharma quality.” He suggested it could be modelled on Germany’s 500-year-old purity law that dictates which ingredients can be used to make beer.
Demecan’s von der Groeben, in contrast, views GMP as an essential badge of quality. “We have to earn people’s trust, and we can’t gamble away that by lowering standards,” he said. “The fact cannabis makes you high means you have to make sure it’s of the highest possible quality, with no contaminants.”
On the other hand, he added, some of the rules contained in Germany’s ultra-strict “narcotics handling guidelines” may have to be relaxed post-legalisation.
The rules, for instance, mean that cannabis facilities in Germany tend to resemble Fort Knox, with product stored in the equivalent of high-security bank vaults. Demecan’s 5,000 square-meter facility, housed in a former abattoir near Dresden, is encased in reinforced concrete walls and ceilings and surrounded by CCTV cameras and state of the art alarm systems.
“Video surveillance and burglar alarms are important, but the kinds of bunker-like systems we currently have may not be necessary,” said von der Groeben.
Yet experts think caution will be the Germans’ watchword, certainly in the industry’s early phase. Berlin will be at pains to avoid incidents such as the outbreak of “vaping-associated pulmonary injury” in the US in 2019 that was associated with the use of black market vaping products.
“What would happen if a gummy that’s supposed to contain 5mg of THC actually turned out to have 100mg?” said Detwiler, referring to the component of cannabis that makes users high. “What would happen to the kids who took them?”
“If I were the German government I would start slow,” he continued. “I think they’re going to be very careful about this.”
Lars Müller wants to create the Starbucks of cannabis: a chain of dispensaries offering the full array of marijuana-related products, from tinctures to flowers and edible gummies.
“We want to build up a chain with an identical level of quality across Germany, something that exudes the professionalism of an Apple Store,” he said. “This is not going to be an opium den.”
Müller is chief executive of Synbiotic, a leading player in Germany’s burgeoning cannabinoid sector that invests in everything from growers to researchers and distributors. It is an industry experiencing a high of epic proportions.
The trigger was an announcement late last month from the three parties in Germany’s new coalition government that they planned to legalise cannabis. Synbiotic’s share price doubled on the news.
So far, the government’s exact intentions remain hazy: it says only that it would allow the “controlled sale of cannabis to adults for recreational purposes in licensed shops”. There have been no more details, and no timetable for legislative action.
But the plan could still turn out to be a game-changing precedent for the global business of growing and selling marijuana, one that will be closely watched by other countries toying with liberalising their drug laws.
“In terms of population, Germany would become the largest country in the world to allow the sale of cannabis,” said Constantin von der Groeben, managing director of Demecan, a local grower. “It’s a huge opportunity for us.”
If the plan goes through, Germany would join a highly select group of countries that permit the commercial sale of recreational cannabis — the only others are Canada and Uruguay, along with a handful of US states. For most big nations it is still uncharted territory.
Germany’s nascent cannabis industry hits new highs as legalisation looms
Progress will be closely watched by other countries toying with liberalising their drug laws
https://www.ft.com/content/66016598-7307-4c07-a789-22d3973f2223
Sales of legal cannabis outpaced the illicit market in Ontario for the first time ever during the second quarter of this year, according to new data from the province’s only licensed online cannabis retailer.
https://hightimes.com/news/legal-cannabis-outsells-ontario-illicit-market-for-first-time/
Malta to legalise cannabis for personal use in European first
Move by EU’s smallest member state likely to be followed by reform across rest of continent in 2022
Malta will this week become the first European country to legalise the cultivation and possession of cannabis for personal use, pipping Luxembourg to the post, as the continent undergoes a wave of change to its drug laws.
https://www.theguardian.com/society/2021/dec/13/malta-to-be-first-in-europe-to-legalise-cannabis-for-personal-use
Germany's incoming government signs three-party coalition deal
....With the coalition agreement now officially signed, the next German government is ready to get sworn-in and get to work this week.
Scholz is due to be inaugurated as chancellor on Wednesday, following a vote in the lower house of the German parliament, the Bundestag.
The rest of his cabinet is also due to be sworn in on the same day....
https://www.dw.com/en/germanys-incoming-government-signs-three-party-coalition-deal/a-60039455
Toronto passes 200 cannabis stores, nears CA$50 million in monthly sales
https://mjbizdaily.com/toronto-passes-200-cannabis-stores-nears-ca50-million-in-monthly-sales/
a recent report from economist Prof. Justus Haucap of the Institute for Competition Economics (DICE) estimates sales of 400,000kg of cannabis each year in Germany, which could be sold conservatively at between €4 and €10 per gram, giving rise to a market which rivals that of the largest adult-use markets in the US like California, which saw sales of €3.9 billion (US$4.4 billion) in 2020.
"Germany would have a pioneer role," said Florian Holzapfel, founder of German cannabis company Cantourage, which imports weed and processes it for medicinal use. "It would be important for it to be a success story as that would pave the way for other countries to implement similar legislation."
Legalising cannabis could bring Germany annual tax revenues and cost savings of about 4.7 billion euros ($5.34 billion) and create 27,000 new jobs, a survey published last week found.
The European market is projected to grow to 3.2 billion euros by 2025, up from 403 million euros at the end of 2021, the European Cannabis Report by research firm Prohibition Partners found.
Such growth could boost big U.S. and Canadian cannabis firms, as well as the fledgling German industry.
Holzapfel, however, said it would hard for Germany to become a big producer nation given high overheads and inclement weather.
https://www.reuters.com/markets/commodities/germanys-next-government-aims-legalise-recreational-cannabis-2021-11-24/
"Germany would have a pioneer role," said Florian Holzapfel, founder of German cannabis company Cantourage, which imports weed and processes it for medicinal use. "It would be important for it to be a success story as that would pave the way for other countries to implement similar legislation."
Legalising cannabis could bring Germany annual tax revenues and cost savings of about 4.7 billion euros ($5.34 billion) and create 27,000 new jobs, a survey published last week found.
The European market is projected to grow to 3.2 billion euros by 2025, up from 403 million euros at the end of 2021, the European Cannabis Report by research firm Prohibition Partners found.
Such growth could boost big U.S. and Canadian cannabis firms, as well as the fledgling German industry.
Holzapfel, however, said it would hard for Germany to become a big producer nation given high overheads and inclement weather.
https://www.reuters.com/markets/commodities/germanys-next-government-aims-legalise-recreational-cannabis-2021-11-24/
Legalise cannabis
The new (German government) agreement says the parties will legalise cannabis, and increase education on alcohol and nicotine prevention.
"We introduce the controlled distribution of cannabis to adults for consumption purposes in licensed stores," the coalition agreement states.
"This will control quality, prevent the transfer of contaminated substances and ensure the protection of minors. We will evaluate the law for social impact after four years."
https://www.euronews.com/2021/11/24/germany-s-prospective-new-coalition-wants-to-legalise-cannabis-and-phase-out-coal-by-2030
Since legalising medical marijuana in 2017, Germany's market has become the largest in Europe, selling £154million worth of high-THC products to patients last year, according to New Frontier Data.
If cannabis is legalised for recreational use, the country - which has a population of more than 83million - could become the biggest cannabis market in the world.
In recent years, public opinion in Germany has shifted towards the legalisation of cannabis, despite Angela Merkel's Government being more opposed to the idea than the coalition partners.
A recent survey, conducted in October by German Hemp Association, found that 49 per cent of respondents were in favour of legalising cannabis for recreational use.
This was compared with just 46 per cent of German residents who were opposed to the move, which could see cannabis sold in specialty venues, similar to those found in the US and Canada.
The findings marked the first time since 2014 that more German residents were in favour of legalising cannabis in the annual poll.
Since legalising medical marijuana in 2017, Germany's market has become the largest in Europe, selling £154million worth of high-THC products to patients last year, according to New Frontier Data.
If cannabis is legalised for recreational use, the country - which has a population of more than 83million - could become the biggest cannabis market in the world.
In recent years, public opinion in Germany has shifted towards the legalisation of cannabis, despite Angela Merkel's Government being more opposed to the idea than the coalition partners.
A recent survey, conducted in October by German Hemp Association, found that 49 per cent of respondents were in favour of legalising cannabis for recreational use.
This was compared with just 46 per cent of German residents who were opposed to the move, which could see cannabis sold in specialty venues, similar to those found in the US and Canada.
The findings marked the first time since 2014 that more German residents were in favour of legalising cannabis in the annual poll.
Germany will legalise CANNABIS, country's new coalition leaders announce as Angela Merkel's 16-year reign ends
https://www.dailymail.co.uk/news/article-10238617/Germany-legalise-CANNABIS-countrys-new-coalition-leaders-announce.html
onwards and upwards.... we have time....
Germany will legalise CANNABIS, country's new coalition leaders announce as Angela Merkel's 16-year reign ends
https://www.dailymail.co.uk/news/article-10238617/Germany-legalise-CANNABIS-countrys-new-coalition-leaders-announce.html
Germany:
The new government contract promises several progressive measures that would have been unthinkable under a CDU government: The sale of cannabis for recreational use from licensed stores is to be legalized....
https://www.dw.com/en/germany-post-merkel-coalition-promises-progressive-agenda/a-59924301
Germany's SPD, FDP and Greens unveil governing coalition deal (today)
What are some of the policies in the deal?
Plans to legalize the regulated sale of cannabis
https://www.dw.com/en/germanys-spd-fdp-and-greens-unveil-governing-coalition-deal/a-59915201
Germany's SPD, FDP and Greens unveil governing coalition deal
What are some of the policies in the deal?
The parties agreed that Germany
Plans to legalize the regulated sale of cannabis
https://www.dw.com/en/germanys-spd-fdp-and-greens-unveil-governing-coalition-deal/a-59915201
Thanks Mt69sinai....
Here is YouTube new German government live:
Germany: Likely future government supports cannabis legalization
The country's next coalition government plans to keep cannabis tightly regulated, party representatives said. Recreational use of cannabis is only legal in two other EU countries.
https://www.dw.com/en/germany-likely-future-government-supports-cannabis-legalization/a-59870689
Cannabis legalisation on the way as German coalition deal sealed, to be presented later Wednesday
Germany's Social Democrats, Greens and Free Democrats have almost concluded coalition talks, the parties say. This means the country will likely have a new government well before Christmas.
https://www.dw.com/en/german-coalition-deal-sealed-to-be-presented-later-wednesday/a-59915201
In a few hours we will know the bright future ahead for cannabis in Europe...
Germany: Likely future government supports cannabis legalization
https://www.dw.com/en/germany-likely-future-government-supports-cannabis-legalization/a-59870689
"The parties issued invitations to the press for a mid-afternoon conference where the party leaders would "present the coalition deal negotiated in the previous weeks," as the Greens put it in their invitation."
Hopefully, we will see their timeline for legalising cannabis.
Germany's legalising of adult rec will be a bigger hit than Canada's legalisation in 2015....
While brave Canada acted alone, in 2022 we will see more European governments follow their leader (Germany) in shaping laws to finally free the plant on the old continent...
I am buying TLRY today...
German coalition deal sealed, to be presented later Wednesday
Germany's Social Democrats, Greens and Free Democrats have almost concluded coalition talks, the parties say. This means the country will likely have a new government well before Christmas.
https://www.dw.com/en/german-coalition-deal-sealed-to-be-presented-later-wednesday/a-59915201
OrganiGram Holdings Inc. 2021 Q4 - Results - Earnings Call Presentation
Nov. 23, 2021 9:02 AM ETOrganiGram Holdings Inc. (OGI)
https://seekingalpha.com/article/4471428-organigram-holdings-inc-2021-q4-results-earnings-call-presentation?utm_campaign=RTA+Articles&utm_medium=email&utm_source=seeking_alpha&utm_term=RTA+Article+Smart