According to the May 2017 update of the International Narcotics Control Board (“NCB”), a regulatory body of the United Nations, Canada leads the world in its estimated legal demand for cannabis, at 67 289 650 grams, or approximately 67.3 metric tons. In behind Canada is Colombia, with an estimated legal demand of 40.5 tons, and the United States of America, with an estimated … [Read more...] about Canada leads the world in legal demand for cannabis
On June 19, 2017, President Enrique Peña Nieto officially signed a decree confirming the legalization of the production and distribution of cannabis for medical purposes and scientific use in Mexico. The decree is available in Spanish here. This came after the Lower House of Congress passed the bill back in April. The decree states, “the planting, cultivation or harvesting … [Read more...] about Mexico Signs Decree Legalizing Cannabis for Medical Purposes
The annual report of the United Nations’ Narcotics Control Board (the “NCB”) provided a warning to Canada that it will not be compliant with its three major international drug treaty obligations if it pushes ahead with laws permitting the recreational use of cannabis. The report provides a global analysis and summary of drug production, consumption, and other drug-related … [Read more...] about Narcotics Control Board warns Canada about compliance
While there are many elements of the legalization of recreational cannabis that remain to be determined, the one thing that is clear is that the opportunities for entrepreneurs to enter the industry are plentiful. Starting a business can be simultaneously exciting and daunting. With the right strategy and team, entrepreneurs can successfully navigate the pitfalls they may … [Read more...] about You have an idea that you think the cannabis market would benefit from – great! Now what?
On May 9, 2017, Matt Maurer, Chair of Minden Gross LLP's Cannabis Industry Group, teamed up with Hilary Bricken, head of the Canna Law Group at Harris Bricken in the United States, to provide a one hour webinar entitled "Cross-Border Cannabis Markets: A Primer for Businesses and Investors." Matt and Hilary provide an overview of the medical and recreational regimes in both … [Read more...] about Watch: Cross-Border Cannabis Markets: A Primer for Businesses and Investors