world health organization

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

Let’s start off this week’s post with some international news.  The World Health Organization is recommending that cannabis should be removed as a controlled substance under international treaties.  The recommendations will come up for a vote in March of this year.

Banking for the cannabis industry is a subject we watch closely.  In California, it’s been revealed that a credit union has surreptitiously (until now) been providing financial services to several marijuana businesses for the past year.

Turning our attention to the Midwest, which does seem to be the latest hotbed of cannabis activity, we find that Ohio medical marijuana sales have been very strong.  Illinois is now allowing those prescribed opioids to obtain temporary certification for medical cannabis.  Yet another indication that full legalization is in the cards?

Following up on our Tennessee coverage, the legislature is now considering validating out-of-state medical marijuana cards for use in the Volunteer State.  And Arkansas has now licensed 32 medical cannabis dispensaries, with sales possible by April.

New York looked as if it was on the verge of full legalization, but that may have changed.  Governor Cuomo’s budget does not include any additional money for law enforcement dealing with a new set of circumstances after legalization.  We’ll keep our eye on this situation, obviously.

And finally, if you had to pick a stock ticker symbol for a cannabis company, could you do any better than POT?

 

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

Pot smokers in California are counting down to the New Year’s “toke of midnight.” On Jan. 1, the nation’s most populous state will become the eighth (along with Washington, D.C.) to have legalized recreational marijuana.

It was a lung-busting 2017 for the North American cannabis industry, with marijuana executives stateside holding their collective breath wondering whether the new Trump administration would crack down on legal MJ businesses.

First Green Bank, a community bank that was handling accounts for six of the state’s seven licensed producers of medical marijuana announced it is closing the accounts of its cannabis clients.

This announcement may have huge implications for the cannabis industry.

That’s our last report for 2017 – we wish everyone a Happy New Year!