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Some analysts predict that legal weed is on its way to becoming a $9 billion market. So, not many states — or the federal government — will be able to ignore the economic benefits too much longer.

While the federal government still considers marijuana to be a dangerous drug, the rest of America isn’t so crass. Five more states just legalized the leaf in Tuesday’s election, making it where one in every three Americans now lives in a state where marijuana is no longer bound by prohibition.

Some believe that such a substantial victory means that cannabis reform is poised for more progress in the coming year. We’re talking about more states with influence putting pot laws on the books and, perhaps, even a situation where Congress is finally forced to take a careful look at the issue. Although there is still a great deal of uncertainty about how this could or will shake out, you can bet there is plenty on the horizon for marijuana legalization in the United States.

One thing you can almost count on is New York finally working toward a fully legal market. Although lawmakers haven’t been able to come to terms on it for the past couple of years, New Jersey’s newfound legal status might pressure them to take another look. Voters in the Garden State overwhelmingly approved a measure on Tuesday that makes the cultivation and sale of cannabis a fully legal industry. If New York doesn’t do the same, the state will be forced to contend with interstate drug trafficking, and ultimately exhaust police resources needed for violent crimes.

New York Governor Andrew Cuomo knows this is true. He told public radio station WAMC  earlier this week that he believes legislators are going to have to find the inspiration to approve pot legalization in 2021 or else. More than anything, he said, the state needs the tax revenue from the cannabis industry to help repair the economic downtrodden brought on by the coronavirus.  

Minority Leader Chuck Schumer has promised swift action on legislation to remove cannabis from the nation’s list of controlled substances if Democrats take control of the U.S. Senate in Tuesday’s election, according to a report from the National Organization for the Reform of Marijuana Laws (NORML). The Democrat from New York said in comments made last week that lawmakers would move to pass the Marijuana Freedom and Opportunity Act, a bill that would remove cannabis from the Controlled Substances Act. The measure also provides support for small businesses and grant funding to support efforts to review and expunge past marijuana convictions at the state level.

“I think we’ll have a good chance to pass that bill,” Schumer said.

“I’m a big fighter for racial justice, and the marijuana laws have been one of the biggest examples of racial injustice, and so to change them makes sense,” he added. “And that fits in with all of the movement now to bring equality in policing, in economics, and in everything else. Our bill is, in a certain sense, at the nexus of racial justice, individual freedom, and states’ rights.”

Schumer made a similar promise to advance cannabis reform legislation in an interview in September.

“My commitment is that if I am leader [of the US Senate], I am going to do everything I can to put the Marijuana Freedom and Opportunity Act on the floor of the Senate,” he said. “The odds are very high it will pass.”

The Maryland Department of Agriculture has adopted new regulations that will expand the state’s industrial hemp program. The new regulations bring the state’s program into compliance with provisions of the 2018 U.S. Farm Bill, and will establish industrial hemp as an agricultural commodity.

“Hemp is an emerging agricultural commodity that presents a new opportunity for farmers looking to diversify their operations,” said Secretary of Agriculture Joe Bartenfelder. “We have seen significant interest in the first two years of the Industrial Hemp Research Pilot Program and we are excited to expand the state’s hemp industry with the new Hemp Farming Program.”

What is New Under the New Hemp Program?

Under the new Hemp Farming Program, growers may apply to produce and cultivate hemp for commercial purposes. In previous years, Maryland growers have only been able to produce hemp under the department’s Industrial Hemp Research Pilot Program.

In January 2019, the department began accepting applications for its Industrial Hemp Research Pilot Program. The pilot program is the result of Maryland House Bill 698, a 2018 state law that required growers to partner with the department or an institution of higher learning to grow industrial hemp for research purposes.

Applications for both programs’ 2021 growing season will be announced and posted on the program’s website in the coming weeks.

CANNABIS use is a hotly contested topic the world over - but what are the rules in the UK?

Here we explain the laws surrounding smoking weed, and if it is ok to do it in your own home...

The pungent, slightly floral smell of someone smoking cannabis is often hard to disguiseCredit: Alamy

Is it legal for people to smoke cannabis if it’s in their own home?

Simply, no.

Cannabis, marijuana or weed is classified as a Class B drug, putting it in the same category as ketamine and amphetamine.

The nation may not know who is president on election day, but the people have spoken when it comes to cannabis legislation. Arizona, Montana, New Jersey, and South Dakota have all legalized marijuana for adults 21 and older, as voters in each state approved their respective ballot initiatives at the ballot box. The Garden State has gone green as the closely watched state of New Jersey approved adult-use cannabis.

New Jersey

“Today, New Jerseyans voted overwhelmingly to legalize cannabis for adult use. This is a vital first step for shifting away from punitive cannabis prohibition and toward a regulated market that prioritizes racial and social justice,” said ACLU-NJ Campaign Strategist, Ami Kachalia, on behalf of New Jersey United for Marijuana Reform (NJUMR). “Now, we call on New Jersey legislators and the Governor to implement the vision of cannabis legalization that voters have pushed forward – one that begins to repair the harms of marijuana prohibition and creates an accessible and inclusive new cannabis industry. In determining the details of implementation, lawmakers must include expungement, community reinvestment, and meaningful opportunities for those most harmed by unjust enforcement of marijuana laws to enter into the industry.”

NORML Executive Director Erik Altieri said: “Garden State voters spoke resoundingly. They are demanding their lawmakers end the failed policy of marijuana criminalization, and instead pursue a more sensible path of regulation and legalization. “Law enforcement in New Jersey arrests more citizens each year for minor marijuana violations than almost any other state in the nation. By moving to end this fiscally wasteful and morally repugnant policy, state officials will now be able to prioritize law enforcement resources toward combating more serious criminal activities, better respect the personal freedom and civil liberties of their citizens, end the racist application of marijuana prohibition laws against communities of color, and direct new tax revenues toward important social programs such as education and infrastructure development.”

South Dakota

South Dakota also passed a medical marijuana initiative and became the first state in American history to enact both policies on the same day. The Marijuana Policy Project was instrumental in the Montana and South Dakota campaigns. “This historic set of victories will place even greater pressure on Congress to address the glaring and untenable conflicts between state and federal laws when it comes to cannabis legalization,” said Steve Hawkins, executive director of the Marijuana Policy Project. “A few years ago, nobody would have predicted that South Dakota would legalize marijuana before New York,” said Matthew Schweich, deputy director of the Marijuana Policy Project and one of the leaders of the South Dakota campaign. “But that’s the power of the ballot initiative process.”

“South Dakotans sent an unequivocal message in support of allowing patients the ability to legally access it under the advice of their physician,” stated NORML Executive Director Erik Altieri. “When operational, this program will provide lab-tested medical cannabis products to thousands of South Dakotans who can benefit from them. These patients cannot wait, and voters were right to take action to make this access a reality.”

Arizona was one of four states on Election Day to pass a ballot issue allowing recreational marijuana.

Two states approved medical marijuana.

In Arizona, Proposition 207 has passed by a 60%-40% margin, according to unofficial results. It allows for the use and possession of a small amount of marijuana by residents over the age of 21. It also allows the regulated possession of a limited number of marijuana plants.

It levies a 16% excise tax on the sale of marijuana.

About 57% of Pinal County voters approved the proposition. It carried all precincts in the city of Maricopa.

New Jersey voters approved legalizing recreational marijuana on Tuesday, and Democrats Joe Biden and Cory Booker won at the top of the ticket in New Jersey's first mostly mail-in election.

New Jersey now joins the District of Columbia and 11 states legalizing recreational cannabis. Though, people could legally buy and use cannabis under the constitutional amendment voters approved by a wide margin, it's unclear how quickly the new market will be set up.

But the Democrat-led Legislature and Democratic Gov. Phil Murphy supported legalization and are expected to move quickly to pass legislation establishing the marketplace.

Booker will head back to Washington for a second full term. His and Biden's victories confirm Democrats’ firm control of the state’s presidential electors and the party’s lock on Senate seats.

Booker won against Rik Mehta, a business executive with a law degree and a doctorate in pharmacy, who staunchly supported the president.

Mississippi is sending all four of its U.S. House members back to Washington.

Two Republicans — Trent Kelly and Michael Guest — and the state federal delegation’s sole Democrat, Bennie Thompson, all bested challengers on Election Day. Republican Rep. Steve Palazzo won his race after running unopposed.

Voters also approved the legalization of medical marijuana in Mississippi, choosing to adopt the less restrictive of two medical marijuana ballot measures. They voted to eliminate a Reconstruction-era electoral college provision in races for governor and other statewide offices.

Justices Josiah Dennis Coleman, Mike Randolph and Leslie King were reelected to the state Supreme Court. Yet to be decided is one Supreme Court race between Justice Kenny Griffis and Court of Appeals Judge Latrice Westbrooks, who would be the first Black woman on the Mississippi Supreme Court.

INITIATIVE 65

Will These Marijuana Stocks Benefit From Election Day?

As election day comes, investors continue to wonder which marijuana stocks are worth watching. The answer to this question is a little bit more complicated than previously imagined. For one, there are a few factors that may or may not change the trajectory of the cannabis industry on November 3rd. First, there are five states that are voting on whether or not to legalize cannabis come election day. This could benefit MSO pot stocks like Harvest Health and Recreation Inc. (HRVSF Stock Report), Planet 13 Holdings Inc. (PLNHF Stock Report), and Curaleaf Holdings Inc. (CURLF Stock Report). In addition, Canadian pot stocks could also see a boost due to their correlation with the greater cannabis industry.

As election day comes, we also have to consider what the presidential election will do to marijuana stocks. While President Trump has not done much to advance the cannabis industry, Biden already has plans to decriminalize cannabis on day one. This would be a major step in the right direction for the future of the cannabis industry. As we can see, there is a lot that is going on in the cannabis industry right now. With that in mind, there is also a lot of opportunities to be had for investors who are willing to find it. All things considered, here are two marijuana stocks that could see a boost from election day.

Top Marijuana Stock To Watch: Innovative Industrial Properties Inc.

Innovative Industrial Properties Inc. (IIPR Stock Report) is quite a popular choice for marijuana stock investors. There are a few reasons why this is the case. For one, IIPR stock has shown some solid financials in the past that rival even the greatest marijuana stocks to watch. The company operates as a REIT or real estate investment trust. This means that it purchases real estate to be leased out to those who wish to grow or process cannabis. The company has historically worked mostly in the medicinal marijuana industry. Year to date, IIPR stock is up by as much as 60%.

If you are a cannabis voter, this is a critically important election for the industry.

Voters are considering a number of cannabis ballot initiatives nationally on their presidential election ballots. Voters in New Jersey, Arizona and Montana — where there are existing medical cannabis markets — will consider legalizing adult use.

Mississippi may potentially become a new market for medical cannabis, and there are two ballot initiatives in South Dakota that seek to legalize both medical and adult use.

In the event of a contested election between President Donald Trump and former Vice President Joe Biden, Benzinga wondered whether that would hurt or delay the legalization initiatives in these states.

In recent years, the amount of time it takes to go from legalization to “market open” is typically long. Nevada, for example, took eight months while Maine took as long as 47 months.

There seems to be no stopping drug seizures, the majority being cannabis, at border crossings in New York state, with the amount of confiscated weed increasing more than 1,100 per cent in 2020 compared to 2019.

U.S. Customs and Border Protection (CBP) figures from its annual report show that 3,456 pounds (1,568 kg) of cannabis was seized at the Buffalo Field Office in fiscal year 2019, a mere portion of the 41,688 pounds (18,909 kg) confiscated in fiscal 2020. The field office covers 16 ports of entry in the state of New York.

Other drugs were seized, but their amounts paled in comparison to cannabis. In fact, one of the 2020 seizures represented a northern border record and involved 9,472 pounds (4,296 kg) of marijuana.

That said, seizures involving some other substances also skyrocketed, while others dropped like a stone.

Overall during fiscal 2020, “field office personnel seized 42,015 pounds (19, 058 kg) of narcotics, an increase of 968 per cent from the prior fiscal year,” according to a CBP press release. CBP officers also arrested 319 people and seized US$543,015 in unreported currency.

Big day for European hemp farmers and the CBD industry as the allowance of THC in industrial hemp was voted on by Parliament. While still low compared to countries like Switzerland, this Europe THC limit increase would certainly loosen things up.

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Hemp farmers in Europe have been pushing for change for quite some time. The .2% THC limit that was instituted many years ago has been making it difficult, and decreasing the amount of strains possible to use. Now, Parliament has voted to increase that maximum to .3%, included in the Common Agricultural Policy reform. But will it actually go through?

Where did .2% come from?

The first time a standard was set for a Europe THC limit in industrial hemp, was in 1984 when it was put at .5%. This was lowered in the 1970’s to .3%. At that time, .3% was the line that separated low-THC hemp (usually high-CBD flowers, but also high-CBG strains exist) and high-THC cannabis. In 1999 this dropped down again to the .2% that its been since, with the original aim being to prevent high-THC marijuana from being grown in low-THC industrial hemp fields. The proposal to increase the THC limit is not new, and has been pushed for quite some time.

Before going any further, it should be pointed out that between the date in the 1970’s when THC limits were decreased to .3%, and 1999 when they were decreased further to .2%, Europe was functioning at .3% THC in hemp, and without any massive, adverse issues. It means that for at least 20 years of time, this standard was in place, which makes it almost silly that it would have to be argued for later, or that an argument against raising from .2% to .3% would be based on a fear of bad effects to people or business. If it didn’t happen in the 20+ years of recent history when it was the norm, how would it pass as a reputable argument now?

The USA’s Drug Enforcement Administration and others are being sued over what was claimed to be unlawful destruction of a hemp crop in California.

Agro Dynamics LLC says that in August 2019 it acquired the necessary authorisation for the legal cultivation of hemp on their premises in San Diego County. The company then planted approximately 3,000 hemp plants that it states tested at below the legal threshold of .3% THC.

“Specifically, a Victory Analysis laboratory test for this hemp cultivation showed results of less than 0.01 THC which is clearly within legal limits.”

It is alleged that an aerial reconnaissance in support of marijuana eradication on September 10 last year and a failure to investigate County records then led to a search warrant being issued at the property.  Then on September 12, 2019, law enforcement officers executed the search warrant. It’s alleged that despite being told there was Registration Issuance from the County of San Diego for the growing of hemp on the premises and the tenant offering to show officers proof of registration, the officers seized and destroyed all plants that appeared to be marijuana.

The value of the destroyed hemp plants has been put at around USD $3.45 million.

As Americans head to the polls more divided than ever on social and economic issues, there’s one thing they’re actually coming together on: cannabis.

Much has been made of whether a victory for Democratic nominee Joe Biden, or a potential liberal sweep in the Senate, could bolster marijuana companies. But initiatives on the ballot in a handful of conservative states show Republicans are increasingly on board with legalization as well -- perhaps paving the way for an end to federal prohibition, no matter who controls Washington.

“The prevailing wisdom has been that a conservative administration would be less receptive, but I think legalization is now inevitable on its own kinetic energy,” said Sturges Karban, chief executive officer of cannabis logistics company ManifestSeven. While federal legalization was a political “third rail” as recently as 2016, he said, it now looks as though 2021 will be a turning point for the industry.

Pot pundits have long said national legalization will only gain ground once Republican senators have a reason to bring up the issue. After Nov. 3, that could happen, with more of their constituents supporting the measure. Three of the four states voting on recreational use are red ones: Arizona, Montana and South Dakota. New Jersey, which swings liberal, is also considering adult-use legalization. Medical use is on the ballot in conservative Mississippi and South Dakota.

Gaining Traction

A recent report by analyst Bobby Burleson at Cannacord Genuity, an investment banking and financial services company, concluded that “the outlook for the legal US cannabis market is improving” both state and federal levels. Burleson cites polls that demonstrate strong support for ballot initiatives in states like Arizona and South Dakota, while governors of other states such as New York and Pennsylvania are making encouraging noises about rapid roll-outs for recreational programs. Burleson also references polling by aggregator FiveThirtyEight, which shows a 75% likelihood of a Democratic majority in the senate, boding well for cannabis legalization at the federal level. Recent statements by Vice Presidential candidate Kamala Harris about decriminalizing marijuana further improve the outlook.

It is not overly simplistic to equate a Democratic senate majority and executive office victory with a bright future for cannabis legalization, as historically Democrats have demonstrated more consistent support for legalization in greater numbers than Republicans. In fact, legalization has been one of the stand-out campaign issues polarizing Dems and Republicans over the last decade, though this gap seems to be shrinking as Republicans look to win battleground states like Pennsylvania. There, swing voters are in support of legalization and Governor Tom Wolf is calling on legislators to expedite legalization of recreational marijuana as one means of recovering from the economic hit of Covid-19.

A November 2019 Pew Research Study showed that two-thirds of Americans support marijuana legalization, with only 32% opposing. While proportions vary in terms of those who support legalization solely for medical use (32%) or medical and recreational use (59%), a survey conducted on Pew Research Center’s American Trends Panel in September 2019 revealed that only 8% of those surveyed prefer to keep marijuana illegal in all circumstances. This trend showed no signs of changing course as 2019 rolled into 2020. In the run-up to the election, fifty-eight percent of all likely voters (54% of whom identified as Republican) supported legalization for adults use (Data For Progress). In addition, 60% of Republicans polled in support of the Marijuana Opportunity Reinvestment and Expungement Act (MORE) introduced to the senate by Kamala Harris, which would decriminalize marijuana and allow certain marijuana offenses to be expunged from an individual’s record.

As the clock ticks down to the final vote count, however long that may take, it appears that whether the executive branch and Congress go red or blue this election season, cannabis legalization is one campaign issue poised to benefit from growing bipartisan support and an impetus to be competitive in the cannabis market at the state level.

The Mexican Senate will likely vote on a bill to legalize marijuana within the next two weeks, the chamber's majority leader recently said.

Activists have been eagerly awaiting action on the reform legislation since the Supreme Court deemed personal possession and cultivation of cannabis unconstitutional in 2018—though some are pushing for a greater emphasis on social equity before lawmakers pass the pending bill in its current form.

The high court in April granted a second deadline extension to give legislators additional time to enact the policy change amid the coronavirus pandemic, pushing it to December 15. That said, Ricardo Monreal, the ruling MORENA party's leader in the Senate, said the chamber will advance the bill before the end of October.

It's not clear if the legislation will go through the committee process or straight to the floor given that tight timeline. Zara Snapp, a legalization activist with the Instituto RIA and the coalition #RegulacionPorLaPaz, told Marijuana Moment that advocates have similarly heard from senators that the plan is to quickly pass the proposal and they're “hopeful” that's the case.

If the Senate passes the legal cannabis bill it will still have to go before the other house of the nation's Congress, the Chamber of Deputies.

Employees who use medical marijuana to cope with a work-related injury can’t get reimbursed for it through workers’ compensation, Massachusetts’ highest court held Tuesday. 

If workers’ comp insurers had to pay for marijuana, they could in theory be charged with a federal crime since it’s still illegal under federal law to aid or abet someone in using pot, the court said. 

“It is one thing to voluntarily assume a risk of federal prosecution” by using pot, Justice Scott Kafker wrote in a unanimous decision, “it is another to involuntarily have such a risk imposed upon you.”

The availability of workers’ comp payments has become a hot issue as medical marijuana continues to be legalized across the country — 33 states and counting. Fueling the trend, injured workers are increasingly turning to marijuana as workers’ comp insurers and boards limit their access to opioids for chronic pain, responding to an addiction crisis that has been ravaged much of the country for years.

“We have an anti-opioid movement, but the court is now taking away the alternative,” complained the worker’s lawyer in this case, Katherine Lamondia-Wrinkle of the Law Office of Thomas Libbos in Springfield, Massachusetts. 

A massive raid involving hundreds of investigators and 27 simultaneous search warrants in nine communities in Washington State has taken down an illegal weed-mailing ring based out of Seattle.

“Illegal grow operations such as these, with their extensive networks, have a wide-reaching and destructive impact to the communities they inhabit.  With these arrests and seizures of illegal marijuana grow operations, we bring down one of the largest networks in the region,” Tony Galetti, inspector in charge at the United States Postal Inspection Service, notes in a statement from the United States Attorney’s Office, Western District of Washington.

The illegal operation was ambitious and targeted multiple states for receipt of millions and millions of dollars of illegal marijuana, reports Galetti, according to KIRO7. The evidence collected includes processed cannabis, thousands of marijuana plants and related documents.

Many of the targeted locations in Washington were illegal grow houses, while others were businesses that allegedly served as front companies, the U.S. Attorney’s Office reports. There were also searches in New York.

Weed was being grown in homes throughout King County, Washington before being distributed through the U.S. Postal Service (USPS) to Illinois, New York, New Jersey, Pennsylvania, Kentucky, Massachusetts, Connecticut, Georgia and Missouri, according to the U.S. Attorney’s Office.