Reefer Madness! Quebec Government Thinks Cannabis Is More Dangerous Than Alcohol

Come!

Hear!

Listen up Johnny!

The devils herb is here!

This menacing racket will take the lives of everyone you know and love!

This crop comes straight from the devil’s garden!

This mari-huana plant is destroying the youth in alarmingly increasing numbers!

Marihuana is that drug , a violent narcotic, an unspeakable scourge !

The Real public enemy number one!

We thought that was all behind us in 2018, but, wait a second, Quebec has something to say.

 

18 Year Old Murderer: Adult, 18 Year Old Cannabis User: Child

The CBC is reporting that the province of Quebec (CAQ) is looking to change the current cannabis laws in the province.

The proposed amendments are:

  • Increase the legal age to consume cannabis to 21, up from 18, to prevent long-term effects on young people, including psychiatric complications.
  • Ban smoking marijuana in all public spaces so that the rules are uniform across the province.
  • Revisit how far away Société québecoise de cannabis (SQDC) stores can be located from schools.

 

The CAQ states one of its main reasons for the amendments is that cannabis harm the minds of children, however if you commit a crime when you are 18 you will be tried as an adult. But, consuming cannabis at 18 is a totally different story, then you are just a child.

Nice logic.

The move is also odd as Quebec is tied with Manitoba and Alberta for having the youngest drinking age in the country (18).

By way of that logic, the Quebec government (CAQ) sees cannabis as being more dangerous than alcohol for young people.

During a holiday weekend earlier this summer there were 13 drunk driving deaths in the province, down from 19 the previous year.

According to Semantic Scholar:

  • Total alcohol-related healthcare costs are approximately the same as revenue from alcohol sales in Québec; in 2002 in the province, over $3 billion in costs were attributable to alcohol, the equivalent of $416 per inhabitant. Healthcare costs represent 22% of this total, that is, $651 million; this is about equal to the net income from alcohol sales for that year.
  • In Québec, 1.8% of deaths are attributable to alcohol.
  • Since these deaths occur mostly among young people, the estimated potential years of life lost is 38,668 years. For this same year, 405,353 episodes of ambulatory care and 48,307 hospitalization diagnoses in Québec were attributable to alcohol.
  • Studies have shown that an increase in consumption of one litre of pure alcohol per person increases allcause mortality by 2.9%, suicides by 4%, accidents by 5.9 % in men, and cirrhosis by 16% in men and 12% in women.

Even though alcohol continues to be a major health concern, cannabis is still seen as more dangerous by many people. A big part of that has to do with the massive propaganda and brainwashing campaigns that happened many decades ago. Cannabis has been around for 5,000 years but was only made illegal in North America in the 1930’s, since then the stigma has been incredibly harsh.

For people pro cannabis, there is a massive shift happening towards embracing the plant for its beneficial purposes. However, Quebec is proving that skeptics do still have a voice and not everyone is on board with the new movement.

Former Mexican President Vincente Fox Did An AMA On r/weedstocks (Reddit) Yesterday, Here’s What Happened

Cannabis In Mexico Right Now

The Mexican Supreme Court recently ruled that the prohibition of marijuana was unconstitutional, but the new government supports legalisation, so the question no longer is if Mexico should legalise cannabis, but how.

Production: The number of producers and the quantity they can produce determine the functioning of a market. Although the initiative limits home cultivation and cannabis clubs to 480g or 20 plants per person, supply levels for the commercial market are not set. But the necessity to obtain a license ensures eventual state control over who can produce how much marijuana.

Profit motive: Entrepreneurs want to maximise their profits and will seek to expand their customer base. But this is at odds with the public health objective of limiting cannabis consumption. To resolve this tension, the government’s initiative intends to employ several regulatory tools to find “an equilibrium between absolute prohibition and the free market”. For example, licensing requirements prevent companies from exercising too much control over either the whole value chain or one part of it.

Promotion: As with alcohol or tobacco, advertising is key for enticing new users to try out a substance. That is why it is important to decide whether, or to what extent, to allow the promotion of cannabis. The initiative currently prohibits “all direct or indirect publicity that has the goal of promoting cannabis use”.

Prevention: To minimize problematic use, information and prevention are vital. While the initiative requires dispensaries, cannabis clubs and the regulatory agency to run information and prevention campaigns, where the funding for them will come from has not yet been determined.

Policing and Enforcement: To be effective, established limits need to be policed. For example, the initiative states that driving under the influence of cannabis will be sanctioned. Although it requires that “the detection method must be based on  and disregard discretion”, currently there is no good way to determine if someone is driving while high. Unfortunately, Mexican police tend to take advantage of such uncertainties to exact bribes.

Penalties: Those who break rules have to face consequences. The initiative foresees that administrative sanctions, such as fines, community service or temporary arrest will apply to those who do not play by the rules established by cannabis regulation.

Potency: As with alcohol, the varying potency of marijuana results in varying degrees of harm. The initiative establishes that the Instituto Mexicano de Regulación y Control del Cannabis will set both the potency levels and the ratio of the main psychoactive components of the cannabis sold.

Purity: As with any other legally sold product, marijuana should undergo testing to ensure it isn’t contaminated with adulterants, pesticides or other impurities – and that it is what it claims to be. The initiative establishes that the cannabis regulation institute will also oversee  for both the  and the product.

Price: Setting the right price for legal cannabis is probably the most vexing problem the legalisation process faces. What we know is that if the price is too low, consumption increases, while if the price is too high, dealers will continue to sell marijuana illegally. So there is a tension between the two objectives of protecting public health and attacking black markets. Although the initiative pretends to achieve both goals, it does not elaborate on how to establish the right price point.

Permanency: Once established, rules, regulations and institutions tend to be sticky. They persist even if they are ineffective or outdated. Consequently, it is important to establish mechanisms that will allow the law to be evaluated and, if necessary, updated. The initiative contemplates this point and empowers the cannabis institute to periodically evaluate how well legalisation is working.

 

Mexicos’s former president Vincente Fox, who is now on Khiron Life Sciences (KHRN) board took the Reddit to an AMA with r/weedstocks yesterday.


In an interview earlier this year, Fox said:

“We have to come up to where the United States is,” he says. “This is happening in several key states throughout the union, and also like other world nations are doing, like Holland, like Portugal, Uruguay, so Mexico has to be updated on this public policy.”

If Mexico takes the next step to full legalization “one of the things that I’m absolutely convinced that will happen in Mexico is that we’ll take away half of the money that cartels get from selling drugs in the United States, and that half of the money will reduce the amount of guns and ammunition bought by the cartels.”

 

He continued this mindset in the Reddit AMA:

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Trackloop Gets Into The California Cannabis Market

The cannabis market of California is clearly lucrative but not even close to the size of the oil shale market they continue to ignore costing that state perhaps 50,000 high paying middle class job and billions in revenue (see Colorado and North Dakota) accounting for nearly one-third of the cannabis market in the whole of North America. Even in its current early growth stage, the market in California is valued at over $5 billion.

The fracking industry in Colorado, for instance, is worth over $30 billion though.

These compelling numbers made logical sense for Trackloop (TOOL), which has recently launched solutions for both the medical and recreational cannabis industry in California.

The solutions offered by Trackloop cover the entire supply chain of cannabis industry. Enabling advanced surveillance, Trackloop’s blockchain supported products help ensure that the quality of cannabis products remains consistent from seed to sale.

Solving Cannabis Supply Chain Challenges

The Trackloop solution provides real time information on various aspects of the cannabis supply chain, including production, logistics, and retail by artfully combining different data sets.

Trackloop collects these data sets with the help of innovative technologies such as refrigerated supply chain monitoring, equipment health monitoring, and GPS tracking.

The solution helps various stakeholders involved in the process, including the logistics provider, the licensed producers, and the leasing companies.

Compliant and Integrated

The solution offered by Trackloop is fully compliant and integrated with Metrc, which is the compliance and regulatory system deployed in Washington DC and nine states – Alaska, California, Colorado, Maryland, Montana, Michigan, Nevada, Ohio, and Oregon.

As of now, Trackloop is not a certified Metrc data provider and vendor in these jurisdictions, but is already in the process to get certified.

Zayn Kalyan, the CTO of Trackloop is enthusiastic about their entry into the California cannabis market. According to him, the regulated US cannabis market represented a huge opportunity for fully integrated offerings provided by his firm.

Kalyan says his market optimism is backed by two solid factors. First of all, there is an increasing pressure from the regulators on logistics providers and licensed producers to provide sufficient data related to the supply chains of cannabis products.

But this is only one side of the story. Driving the prospects of Trackloop higher are the increased expectations of better quality products from the consumers, resulting in increased competition.

According to Kalyan, due to the increased competition, the licensed producers, distributors, and retailers would need to have an oversight of every link in the supply chain. This is vital to ensure the quality of cannabis products delivered by them.

Trackloop’s Business Strategy for California

The importance of the California market within the regulated cannabis industry in North America cannot be overstated. Cowen and Co. analysts estimate that gross sales of marijuana in the US would exceed $50 billion by 2026, with California alone accounting for 50% of these sales.

Marijuana should be made legal on the federal level – perhaps one day that will happen but at least we have tax cuts and have escaped the Frank/Greenspan recession.

To make the most of this growing opportunity, Trackloop is following a proactive strategy. It recently acquired the Chaintrack Technologies to establish itself in the sales and marketing segment.

It has also partnered with Volta Air. Volta Air has a large presence in California and has relationship with California Air and Resources Board (CARB).

This partnership would help Trackloop to access a large channel for distribution and sales of a turnkey solution, which has vertically integrated hardware and software capabilities embedded in it.

 

Disclaimer: Trackloop is a paid client of High Energy Trading, click here to read full disclosure.

High Energy Trading is not a licensed broker-dealer, market maker, investment advisor, or underwriter. All information that we provide is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.

Will There Be An Uber Eats/Skip The Dishes For Cannabis?

New Jersey may soon become the 11th state in the US to legalize the recreational use of cannabis, and has already introduced a legislative bill to this effect. Now if they could just lift their economy out of the recession it has been in for decades because of its anti-business policies that would be something to write home about.

The 166-page “Cannabis Regulatory and Expungement Aid Modernization” bill has numerous innovative provisions that will favor the cannabis market.

These include setting aside 25% of the licenses for the minority communities, legalization of weed lounges, and automatically dropping the charges against people who have been arrested for cannabis possession recently.

One of the most important provisions in the bill is the legalization of home delivery systems of cannabis. Let us take a deeper look into this issue.

The Proposed Legal Provisions

Parts of Colorado, California (which leads the country in homelessness and lost the Raiders), and Oregon already have home delivery systems of cannabis. Building upon their experience, the New Jersey bill, which will be voted upon in late December or early January, seeks to allow home delivery of recreational marijuana to adults above 21 years of age.

A real “physical address” would be essential to avail of the home delivery services. This means that cannabis products would not be delivered to a desolate parking space, or a cornfield.

Retailers and licensed dispensaries would be overseeing the entire operation. It will be their duty to ensure that the drivers are above 18 years of age and that the consumers are above 21 years of age.

An unmanned vehicle would not be allowed to be used as a delivery vehicle. Use of markings on delivery vehicles to signify they are carrying marijuana would not be permitted.

All such delivery vehicles would also have to be equipped with GPS tracking. The products would have to be carried in the delivery vehicle’s storage bed only.

Supporters and Critics of the Proposal

Chris Goldstein, who works with the pro-cannabis group NORML, was one of the first activists to suggest home delivery systems. According to Goldstein, the delivery systems can use a smartphone app, making it easier for people to access cannabis products.

Assemblyman Jamel Holly said that the system already works well in California and is adding millions of dollars in revenues to the state treasury but the state is losing billions because they continue to maintain a lavish public assistance policy which pushes more taxes on the people who choose to work for a living but let’s get back on topic. According to Holly, the system also provides an answer to those critics who argue that cannabis addicts would drive cars while being high.

Senator Scutari has argued that there are already similar home delivery programs for alcohol. According to him, it would be easier to track the cannabis usage through the use of home delivery systems. He adds that it would also bring new jobs to New Jersey.

Critics of cannabis home delivery systems, on the other hand have termed the move as “highly ambitious”. They say that the home delivery system is a step too far and sends a wrong message to children.

Allowing such programs, they argue, will lead to illegal use and higher addiction rates and will ultimately prove to be detrimental to society. This argument is weak though because marijuana is not addictive like alcohol and no drug has inflicted more harm on society than the legal drug of alcohol.

The Big Picture

Despite the expected reluctance from some individuals and groups, it is amply clear that the general trends increasingly favor the acceptance of marijuana in society.

Therefore, it is hardly surprising that the New Jersey bill seeks to approve cannabis home delivery systems. While political analysts believe that the vote would be close, it is not difficult to see that a stable home delivery program with adequate safeguards and oversight is the need of the hour.

Though this will not attract people to move to this state. New Jersey is another state that is losing people to low tax states such as Texas and Florida.