Blum Holdings Inc (BLMH)

[AC7880]

Do not underestimate the impact of the UN special session 19 - 21 April. (Hmmm - 4-20 special session). Why? International treaties and world opinion.

UN Special Session Organizational arrangements:
The General Assembly will convene a special session on the world drug problem from 19 to 21 April 2016 at UN Headquarters in New York. (Even the UN is in on 420!)

http://cannabisnowmagazine.com/current-events/politics/nations-expected-to-fight-for-marijuana-legalization-at-un

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"The international drug treaties that have deterred the U.S. from national reform are the Single Convention on Narcotic Drugs of 1961; The Convention of Psychotropic Substances of 1971; and the United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances of 1988. Essentially, the scope of these treaties specifies that the cultivation and sale of marijuana for non-medicinal purposes is a violation of worldly law."

"The United Nations recently flexed a bit of muscle by sending out a briefing to Canadian Prime Minister Justin Trudeau, advising the Liberal government to explain to world leaders how they plan to legalize, regulate and restrict access to marijuana without violating international drug treaties."

"Many argue that the United Nations does not have any real authority over the issue of marijuana legalization; otherwise Uruguay would have created an international incident when it became the first country in the world to establish a legal framework for weed. But Uruguay was actually forced to answer to the same harassment tactics as Canada and Mexico – only leadership stood up to the UN by refusing to pull back on their plan in the interest of public health."

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Perfect storm brewing. I'm "hopeful" but not certain the UN Special Session will allow nations to more aggressively decriminalize and legalize mj without violating international treaties they signed decades ago.

***IF the UN makes a bold move and a strong recommendation favorable to decriminalization and treaty modifications, then the odds of the DEA recommending a schedule change increases dramatically.