Cannabis oil legislation: This makes sense how?

The state Legislature recently approved a bill that would give parents the ability to try a drug derived from marijuana to help children with severe seizures.It’s a good and important measure that got the support it deserved. It was approved unanimously in the Assembly and with only one no vote in the Senate (Duey Stroebel). Legislators justifiably patted themselves on the back with Assembly Speaker Robin Vos (R-Rochester) proclaiming that “Today is a day that I could not be prouder.”

“This is not the fix we are looking for,” said Rep. Jill Billings (D-La Crosse). “You’re setting families up saying they can possess it but they can’t get it.” Good point.

Sen. Chris Larson’s office said he has a bill to allow manufacture of the drug, and Rep. Scott Krug’s office blamed it on the feds, saying all would be well if and when they reclassify cannabis oil; something the sponsors of the bill thought would happen months ago.

Journal Sentinel

Israel: It’s Official, Cannabis is not a crime

Israel’s Cabinet decriminalized the recreational use of cannabis, or marijuana, at its weekly meeting on Sunday in a move hailed by politicians from across the spectrum.

Under the new policy, first-time offenders caught using marijuana in public will be subject to a fine of approximately $250, but will not face criminal charges. The money will be used for drug rehabilitation and education. A second offense will be subject to a fine of approximately $500, while a third offense may require rehabilitation, education and a suspended driver’s license. A fourth offense will be subject to prosecution and a possible prison term.

Worldwide, many nations have already decriminalized cannabis in an attempt to combat societal problems associated with its use — including the Netherlands, Mexico, Czech Republic, Costa Rica and Portugal.

Cannabis: Israel’s next big medical export?

Marijuana advocates hope the new policy encourages entrepreneurship and investment in Israel’s burgeoning cannabis industry.

Israel is one of the world leaders in medical marijuana, backed by the Ministry of Health, whose ultra-Orthodox leader has encouraged research and innovation. Numbering only a few dozen medical marijuana users a decade ago, Israel now has approximately 25,000 users. Cannabis companies estimate the industry could be worth hundreds of millions of dollars soon, even in such a small country.

“Decriminalizing cannabis in Israel is another step towards creating a Canna-Tech global industry, with Israel at the forefront,” said Saul Kaye, CEO of iCan, a cannabis entrepreneurship incubator. “This step, although not legitimizing use, is due to reduce the negative perception of the plant as ‘immoral or ‘criminal’, increasing openness to its outstanding medicinal and wellness properties.”

“The Cabinet approval is an important step on the way to implementing the new policy that will put emphasis on explaining and treating rather than on criminal enforcement,” said Public Security Minister Gilad Erdan.

CNN International Edition

Cannabis Investors: Could the Opioid Crisis Derail the Recreational Marijuana Train?

Investors in Canadian medical marijuana producers are betting that Ottawa will deliver on its plan to legalize the sale of recreational pot and open a massive new market.

Is the plan at risk?

Canadians are generally perceived as having open minds when it comes to giving people the option to legally use cannabis for recreational purposes. Whether or not they are comfortable having dispensaries set up in their communities is another question.

While the discussion surrounding the legalization of marijuana continues, a surge in the use of opioids by Canadian teens is once again bringing the entire drug problem out into the open.

Reports continue to emerge of young teens overdosing and sometimes dying due to the use of drugs containing fentanyl, a potent synthetic opioid. The death of a 14-year-old girl in an Ottawa suburb recently made national headlines.

Should you own cannabis stocks?

Medical marijuana suppliers, such as Canopy Growth Corp. (TSX: WEED) are trading at extreme valuations right now based on investor expectations that a legal recreational marijuana market is coming soon.

The government may well see the plan through, but there is a risk that Ottawa could drag its feet, especially if MPs start to take heat from voters who think the Liberals should focus on stamping out the opioid problem first.

If Ottawa decides to backtrack on the marijuana file, cannabis stocks could get hit hard.

As such, I would avoid the sector today.

The Motley Fool

State Senate Approves Marijuana Oil Legalization

The vote is another step toward increasing access to cannabidiol, also known as CBD oil, by making changes to the state law that governs it. CBD-oil has been used to treat medical conditions including seizure disorders in children.

The state Senate voted 31-1 in support of the bill, which would make it legal for individuals to possess the oil in Wisconsin, as long as a doctor has signed off on it. Sen. Duey Stroebel, R-Saukville, was the only dissenting vote.

In 2014, lawmakers passed a bill called Lydia’s Law, which made the oil available to certain populations. However, some patients have said it’s difficult to access the oil because that law requires the U.S. Food and Drug Administration to approve prescriptions.

A similar bill passed the state Assembly during the last legislative session but failed to pass the state Senate after opponents expressed concern about the oil being a gateway to marijuana legalization in the state.

The bill would not legalize the manufacture or sale of CBD oil in Wisconsin. Users would need to travel to adjacent states to procure it.

The bill now goes to the state Assembly, where Assembly Speaker Robin Vos, R-Rochester, has shown support.

Wisconsin Public Radio

Cyprus Set to Provide Cannabis Oil to Cancer Patients

Alongside announcing the cannabis oil provisions, Pamboridis said that legislation has been drafted to legalize medical cannabis more broadly. According to Greek-language newspaper Politis, the draft bill will be open for public consultation prior to being entered into parliament for debate and approval.

These announcements come two months after Pamboridis tweeted that he wanted to have a frank and open public conversation about the potential benefits of medical cannabis use.

Although these plans are groundbreaking for Cyprus, medical cannabis provisions for cancer patients are well-established in certain other countries.

Cannabis use, sale, and cultivation have been prohibited in Cyprus since 1977 when the Narcotic Drugs and Psychotropic Substances Law was introduced. This legislation, which deems cannabis to be a Class B drug, offers harsh penalties for related offenses.

According to the European Centre for Monitoring Drugs and Drug Addiction (EMCDDA), possession of fewer than 30 grams of cannabis can garner a prison sentence of up to eight years. Possession of more than 30 grams is presumed to be a supply offense and can be punished by up to life in prison.

In December 2016, the Irish parliament’s lower house passed a bill to legalize and regulate cannabis products for medical use. One month later, the lower house of the German parliament passed a bill to legalize cannabis for medical use “in very limited exceptional cases”.

Both bills are expected to pass their respective parliaments’ upper houses without obstruction.

Talking Drugs

What Are Moon Rocks and How Strong Are They?

Cannabis moon rocks, not to be confused with pure MDMA crystals by the same name, consist of a pinch of bud covered in hash oil then rolled in kief. Making them is as simple as it sounds. Smoking them is pure luxury. It’s no wonder people are calling them “the strongest cannabis in the world” and “the best high on Earth.”

In this delicious cannabinoid-rich concoction, overall potency depends on the strengths and synergies of the combined ingredients. A typical moon rock weighs in at around 50 percent THC. Each moon rock has varying degrees of effect depending on the strains used, terpene and cannabinoid concentrations, and practically unmeasurable synergism between the flower, hash, and kief you choose. Additionally, if you use products that have a bit of CBD, you can compound the experience with CBD’s coveted muscle-relaxing properties

Merry Jane