Biden

Does McConnell’s Exit Signal The End Of Marijuana Prohibition

Published

3 months ago

February 29, 2024

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Mitch McConnell embraced being called the Darth Vader. For 17 years he has commanded the GOP Senate, and, had an oversized influence in the larger Republican Party. In the last year, he has been plagued by a divided party, a tussle with a former president, and health issues. So it was only a somewhat surprise he announced he was stepping aside in leadership. Politicians are lining up to take his place and he will have a tough go until November when he relinquishes the position. But does McConnell’s exit signal the end of marijuana prohibition?

McConnell has been proud of remaking the Senate and accomplishing his personal political goals. While Senator, he and his wife has amassed a fortune of $35 million while stopping small marijuana business owners from getting ahead. Born in a different era, McConnell is a conservative from the old school, legal marijuana, LGBT rights, expanded voter access and are enemies to him. As the legal state by state cannabis industry has blossomed to $20+ billion in sales filling state coffers, McConnell only grew more firm in his stand to block federal legalization.

Congresswoman Nancy Mace (R-SC), a strong ally of the industry, said publicly what everyone is thinking. If McConnell is a no on federal legalization, it is a no go. He has stonewalled the SAFE Banking Act multiple times. When the Senate flipped, Senators Chuck Schumer (D-NY) and Patty Murray (D-WA) put forward the SAFER Banking Act with a bipartisan group only to have it die due to the House’s leadership chaos.

McConnell has been fine going against public opinion when making policy he feels is correct. Marijuana federal legalization has over 87% of public approval and veterans groups have pleaded for support on cannabis for help with PTSD. Both appeals have fallen on the deaf ears of the Grim Reaper. And he has seemed pleased when he wins a major battle against the public and voters.

While his loss indicates a positive for the cannabis industry, there is a downside. Like the House, the Senate could get swept up in a power play as the players reshuffle who is control. Meaningful legalization could come to a standstill without strong, focused leadership whipping votes. With the Biden administration hesitate to move forward in the campaign procmises, the cannabis industry is holding its breath.

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BDSA

Consumer Spending Validates Marijuana Rescheduling

Published

6 hours ago

May 17, 2024

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It is a historic move for a country which had prohibition, but consumers are using their wallets to show they support it,

Culture wars have been an American tradition – from the battle over TicTok to the alcohol prohibition in the 1920s. It was said the only thing to come out of the anti-liquor period was it taught good citizens how to break the law. But in general, if the public wants it, the public will have it, legal or not. The perfect is example is the Pornhub ban in Utah and Texas, which has sent VPN sign ups sky high. And consumer spending validates marijuana rescheduling in a major way.

Some politicians and leaders believe in the nanny state option. Those include a few governors lead by Ron DeSantis, Mitch McConnell, and a few other special interest groups. But the Biden’s administration’s decision to reschedule cannabis lines up with public opinion. Over 85% believe it should legal in some form, and more importantly, they are putting their money toward what they want. Leading analyst firm, BDSA, shared the public’s spending habit’s match their thoughts on rescheduling.

Following the tradition, cannabis sales moved higher again this year. Sales on 20 April 2024 sales were $167M, a 33% increase over the previous year. Trends like California sober are going strong and Gen Z continues to move away from alcohol and move toward marijuana vapes and gummies. Lifestyle habits are starting to adjust slightly away from alcohol and more low alcohol drinks, mocktails, and cannabis eat away at the traditional market. Alcohol is much rougher on the body, so many are opting for a semi-healthier option.

It is a benefit for fully recreational states as even Missouri makes significant tax income on cannabis. Most governors are on board with rescheduling at it is not only the public’s will, but it helps the state’s coffers and actually helps in other areas. Even New York State, with over 1,500 non tax paying illicit stores making money, made some income. They have less than 100 licensed dispensaries generating over $175 million.

RELATED: How To Microdose Marijuana

On an interesting sidebar, like holidays, there are some holidays where cannabis use is up. Here are the largest for 2023

420
Green Wednesday
Black Friday
St Patrick’s Day
Veteran’s Day

In comparison, alcohol’s largest days are:

New Year’s Eve
St. Patrick’s Day
July 4th
Day Before Thanksgiving/ Blackout Wednesday/ Drinksgiving
Black Friday

Let’s see how the next 12 months works for the industry, the government and the public.

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Biden

Cannabis Rescheduling Takes The Next Steps

Published

24 hours ago

May 17, 2024

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The Biden administration’s marijuana rescheduling takes the next step

The Department of Justice is moving marijuana rescheduling to the next step. The administration has proposed moving the drug from Schedule I, a strict classification including drugs like heroin, to Schedule III, which is more on the level of Tylenol. It also marks the federal government acknowledgement the plants medical benefits. The industry will watch over the next few months as the process of moving it forward grinds ahead.

President Joe Biden announced move on his official account on X (formerly known as Twitter. In a video Biden shared “This is monumental, It’s an important move towards reversing long-standing inequities. … Far too many lives have been upended because of a failed approach to marijuana, and I’m committed to righting those wrongs. You have my word on it.”

Vice President Kamala Harris also released a video Thursday, hailing the progress. It seems she has progressed in her position over the last 5 years.

Official White House Photo by Andrea Hanks

A key part of the next step is a 60-day comment period. This will allow any and all parties to provide information, opinion, support or random thoughts. Already a group of GOP Senators want to either slow or stop the process. Senator Mitt Romney (R-UT) has started leading an effort to stall the plan if not outright stop it. They are going against the general public opinion with 85%+ believe it should be legal in some form.

The Drug Enforcement Agency is not 100% on board and there are still hurdles to rescheduling. After the comment person, there could be a review from an administrative judge, which could be a drawn-out process. The total process can take from 3 months to a year, although it is unlikely the issue will not be resolved before the election.

Considering the stance of the federal government, Senator Mitch McConnell, and certain other opponents, the road is still going to be a bit bumpy. The industry, in an awkward growth mood, is in need of the government not to be a hindrance. But only time will tell.

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Biden

Is Cannabis Good For The Planet

Published

1 month ago

April 15, 2024

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As Earth Day approaches, is growing cannabis good for the planet – it is a bit of a mixed bag

As Earth Day approaches, everyone is evaluating what is good for the planet. Plastic, deforestation, fake fur, and Temu’s fast fashion are clearly bad for the planet, but others are more nuanced. Ever since Morton Hilbert started the movement, it has been a time reflect, reassess and hopefully adjust. With marijuana and CBD becoming mainstream and popular over the last few years, is cannabis good for the planet?

While cannabis has clear medical benefits and is considering a treat recreationally, it can take a toil on the earth. There are some benefits. As a fast-growing plant, cannabis can absorb significant amounts of carbon dioxide from the atmosphere, making it a potentially valuable crop for combating climate change.

The plant’s deep roots also help prevent soil erosion, and its flowers attract pollinators like bees, supporting biodiversity. Additionally, cannabis has been shown to be effective at phytoremediation – absorbing and storing heavy metals from contaminated soils, which can help clean up polluted land. These are all related to outdoor grows.

green cannabis plants during daytime

The downside can have environmental risks which need to be managed. Both indoor and outdoor cannabis grows can be highly water-intensive, with estimates of up to 6 gallons of water per plant per day for cultivation. This water usage can deplete local water resources and pollute waterways with fertilizers and pesticides. While less than crops like citrus fruits, grapes (wine), palmists, apricots, it is still a significant impact.

Indoor grows also have a large energy footprint, with high electricity demands for lighting, HVAC, and other equipment, leading to significant greenhouse gas emissions. Cannabis farming can also contribute to deforestation and soil erosion if not done sustainably, such as by clearing land on steep slopes. And the plants themselves emit volatile organic compounds that can negatively impact local air quality.

With the right policies and farming techniques, cannabis could potentially be grown in an environmentally-friendly way which sequesters carbon, supports biodiversity, and remediates contaminated soils. But the industry will need to prioritize sustainability to fully realize the plant’s potential as an eco-friendly crop. Biden’s climate friendly adminstatration can make a difference with legalization. Southern and other farming states with experience in outdoor growing will help. Thoughtful regulation, life cycle assessments, and adoption of precision agriculture technologies will all be important to making cannabis cultivation more sustainable.

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