Q&A: Governor candidate Michelle Lujan Grisham

  • NAME: Michelle Lujan Grisham
  • POLITICAL PARTY: Democratic
  • OCCUPATION: Member of Congress
  • CITY OF RESIDENCE: Albuquerque
  • RELEVANT EXPERIENCE: Three term member of Congress, small business owner, New Mexico Secretary of Health, New Mexico Secretary of Aging
  • EDUCATION: BA and JD, University of New Mexico
  • CAMPAIGN WEBSITE: newmexicansformichelle.com

1. What are the top two things you would do to improve the economy in New Mexico?

First, I’ll create a Pre-K through adult education system that provides everyone with a quality education and prepares our workforce for quality jobs in New Mexico.

Second, I’ll support investment in a modern and commercially oriented infrastructure including roads, bridges, railway, broadband internet, water, electric transmission, and clean power generation.

2. What are the top two things you would propose to address the state’s high crime rate?

First, I’ll address our opioid and drug issue and its impact on crime, providing high-quality treatment across New Mexico.

Second, I’ll ensure that our police, prosecutors, and entire justice system have the resources needed to fight crime, pay our officers more, and hire more police to keep our communities safe.

3. New Mexico now spends about $300 million a year for early childhood programs, such as home visiting, pre-kindergarten and child care assistance. Do you support or oppose a constitutional amendment that would withdraw more money from the Land Grant Permanent Fund to increase funding for early childhood services?

I support responsibly funding our schools and creating universal early childhood education in New Mexico with a constitutional amendment. We know high-quality Pre-K education for three and four-year-old children makes a huge difference in cognitive and social development and long-term educational outcomes. This investment pays for itself many times over.

4. Do you support or oppose legalizing recreational marijuana use in New Mexico and taxing its sales?

I will sign a bill that legalizes recreational cannabis if it includes protections for kids, DWI, access for medical cannabis patients, and sensible regulations. We can use this to generate much-needed revenue by taxing sales.

5. Do you support or oppose raising New Mexico’s minimum wage, currently $7.50 per hour? If so, by how much?

I will support an increased minimum wage in my first term, raising it to $10 in 2019 and bringing the minimum to $12 by 2022 and indexing it to inflation. This will give more than 100,000 hardworking New Mexico families an immediate raise.

6. What steps would you propose taking to ensure the future solvency of New Mexico’s two public retirement systems? Would you support making state workers and teachers pay more into the pension funds?

I’m committed to working with the boards of New Mexico’s retirement systems to chart a path towards long-term solvency. I will not support cutting benefits as we work to fill damaging vacancies in our classrooms and state government.

7. Do you support or oppose opening the state’s primary elections to voters who aren’t affiliated with either major political party?

We need to do whatever we can to engage more voters in the electoral process. Opening primary elections to independent voters will create an opportunity for more people to participate and incentivize campaigns like mine to reach out to a broader electorate even before the primary election.

8. Do you support or oppose appealing a state judge’s recent decision that said New Mexico has fallen short of meeting its constitutional requirement to provide a sufficient education to all students? And what percentage of the state budget, in your opinion, should go toward K-12 public schools?

I will immediately end the Martinez administration’s appeal. We can’t play politics with our children’s education any longer, and I will work to adequately fund our classrooms and provide necessary supports for at-risk students. Public education is the state’s most important responsibility, and our budget should reflect that.

9. Do you support or oppose the current policy of including student test scores as part of teacher evaluations? If you support the policy, what percentage of the evaluation should the test scores account for?

Teachers and all state employees need to be held accountable, but based on fair and holistic evaluations and metrics that reflect their work. Testing-focused evaluations punish teachers working with the most vulnerable students, and discourage the quality teaching that our students deserve.

10. Do you support or oppose updating the current prohibition in the law on assisted suicide in order to allow aid-in-dying under certain medical circumstances?

I support updating the current prohibition. We should provide patients with humane end-of-life options, including medical aid-in-dying for terminally ill competent adults.

11. How should the state’s lottery scholarship program be kept solvent into the future?

The lottery scholarship is a crucial piece of the higher-ed funding puzzle for thousands of New Mexico families. I will support a study of lottery operations so that we generate the strongest returns for our students, and change the lottery formula so it does not incentivize schools to increase tuition costs.

12. Do you favor making New Mexico a sanctuary state?

Labels like Sanctuary Cities/States limit our independent ability to make decisions for the benefit of our communities. I believe we should focus law enforcement resources on keeping New Mexicans safe in their communities. Policies must allow police to earn the trust and collaboration of the people they serve.

13. Do you believe the initial police incident reports and videos of arrests and crime scenes should be public?

Simple incident reports and police videos should be public so people are aware of crime in their area. I support police body cameras but there may be exceptions to public release to provide for the safety and privacy of victims and because of fear of retaliation in some gang related crimes.

14. New Mexico has more than 100 exemptions and deductions in its gross receipts tax system. Would you favor eliminating some or all of them as part of an attempt to lower the base rate? If so, which ones? If not, why?

I believe we need to take a hard look at all our tax exemptions and deductions to create a fair system that maximizes revenues while lessening burdens on families. We need to prioritize incentives that are proven to create good jobs and target those that don’t produce good results.

15. What would you support to make New Mexico schools safer? Would that include changing New Mexico’s gun laws? If so, what specific changes to the gun laws would you support?

I’ll make New Mexico’s schools safer by first focusing on improving students social and emotional health through proven methods, and providing access to critical behavioral health services with more School-Based Health Centers. And we need tougher gun laws, including an assault weapons ban and effective background checks.

Personal background

1. Have you or your business, if you are a business owner, ever been the subject of any state or federal tax liens?

No.

2. Have you ever been involved in a personal or business bankruptcy proceeding?

No.

3. Have you ever been arrested for, charged with, or convicted of drunken driving, any misdemeanor or any felony in New Mexico or any other state? If so, explain.

No.

Read More

Heinrich faces two challengers in Senate race

Copyright (C) 2018 Albuquerque Journal

SANTA FE – New Mexico voters have an unusual mix of candidates to choose from in this year’s three-way race for the U.S. Senate.

Challenging incumbent Democrat Martin Heinrich are an Albuquerque contractor making his first run for office and a former New Mexico governor who’s campaigned for president twice – and who joined the race just 2 1/2 months before Election Day.

The outcome will determine whether Heinrich, a former Albuquerque city councilor, returns to the U.S. Senate for a second, six-year term.

Heinrich is campaigning as an outdoorsman and engineer at heart who’s steadily working on New Mexico’s behalf, avoiding the daily partisan combat in Washington, D.C.

Republican Mick Rich, a construction contractor who has worked on schools and churches throughout the state, is asking voters to “send a hard hat to Washington” to focus on jobs and opportunity for the state.

And Libertarian Gary Johnson, who served as governor from 1995 to 2002, is pitching himself as the ultimate swing vote in a Senate with a one-vote Republican majority. He joined the race in mid-August after fellow Libertarian Aubrey Dunn, the state’s land commissioner, withdrew.

The campaign comes as New Mexico remains heavily dependent on the federal government. The state is home to two national laboratories, three Air Force bases and more than a dozen national monuments, parks and trails.

Nearly half of the state’s southern border is adjacent to Mexico, thrusting the state into the debate over whether to build the border wall sought by President Donald Trump – an issue that divides the Senate candidates.

Heinrich and Johnson oppose construction of the wall.

Rich said he supports Trump’s commitment to securing the border, including a wall “in some places” and a fence in others.

But Rich also insisted in a recent interview that he would be an independent voice in the U.S. Senate.

“I’m not running to be the president’s senator or Republican leadership’s senator – I’m running to be New Mexico’s senator,” Rich told the Journal.

Johnson, meanwhile, said he couldn’t be more of an opposite to Trump on immigration. If the United States ever builds a border wall, he said, it will eventually be torn down.

“I think Trump’s rhetoric is horrible,” Johnson said. “I think he’s sowing seeds of distrust that will last the rest of my lifetime.”

Heinrich said he favors a bipartisan approach to immigration, which he said shouldn’t be used as a “wedge issue.”

“I fundamentally believe that this is a president who is not in line with New Mexicans’ values,” he said.

Heinrich

A Journal Poll in mid-September gave Heinrich a comfortable lead in the three-way race – 21 percentage points ahead of Rich, his closest competitor. He also had a fundraising advantage at the end of June, the last time candidates filed with the Federal Election Commission.

“What I’ve tried to do is not be a voice in the day-to-day partisan rhetoric,” Heinrich said in an interview, “but a consistent, hardworking member who’s able to do really tangible things for my state, for the country.”

He is a member of two Senate committees that he says are incredibly important for New Mexico – Armed Services and Energy and Natural Resources. Heinrich said he’s helped secure military construction funding to position the state’s military installations for the future, in addition to working on federal legislation in 2015 that he said opened up overseas markets for New Mexico oil and gas.

Heinrich said he is also working to make Albuquerque a leader in the development of directed energy – lasers and microwaves, for example, that can be used to shoot down drones in the battlefield. New Mexico’s national laboratories, military installations and private companies based in Albuquerque make it an ideal location for directed-energy research, he said.

“I would like to be seen as somebody who is going to work every single day and no matter how vitriolic things have become in Washington, looks for ways to move the ball down the field for New Mexico, even though that means working with Republicans on most days,” Heinrich said.

Rich

Rich is campaigning as someone who would bring “hard-hat values” to Washington, D.C. The state is losing young people, he said, and the unemployment rate remains among the highest in the nation.

He pitches himself as a job creator, not a politician.

If elected, Rich said, he would utilize connections built through his business background and fight for funding and important missions for New Mexico’s two national laboratories.

And he hasn’t been shy about criticizing his opponents.

Rich has said he’s confident he will have the support of conservative voters, and he likened Johnson to former Democratic presidential candidate Bernie Sanders.

At a significant fundraising disadvantage in the race, Rich has criticized Heinrich for, among other things, relocating his family to suburban Washington, D.C., saying the move shows Heinrich’s “heart” is no longer in New Mexico.

He has also blasted Heinrich for voting against confirmation of U.S. Energy Secretary Rick Perry and for prioritizing environmental issues.

“We have a senator that’s focused on wilderness and monuments,” Rich said. “We don’t have a wilderness and monuments problem – we have a jobs problem.”

Johnson

Johnson, meanwhile, is a familiar name to New Mexico voters. He beat Democratic Gov. Bruce King in 1994 to launch his political career and won re-election in 1998. He was a Republican at the time.

Johnson – a businessman who has worked in construction and the cannabis industry – later switched his affiliation to Libertarian and ran for president in 2012 and 2016. He lives in Taos and has competed in triathlons and the Ironman World Championship.

He would be the perfect fit for a swing vote in the U.S. Senate, he said, where Republicans now hold 51 of 100 seats.

“If anything comes down to a swing vote,” Johnson said, “I think I’m the guy you want. Whether you agree or disagree with me, I think people recognize I have told the truth – that there is an honesty and integrity” to his approach to politics.

Johnson names the federal budget deficit as a defining issue he’d tackle. He wants to be known as the “budget hawk” in Washington.

Too many senators, Johnson said, see the job as “all about bellying up to the trough, and the last thing we need is more spending in Washington.”

He favors a variety of legislation to reshape marijuana laws – including a change that would allow cannabis to be the subject of research, a scientific standard for what constitutes intoxication if someone uses marijuana and a process to pardon people convicted of marijuana crimes.


Read More

Spoiler alert? Johnson Senate bid ups tension in New Mexico

SANTA FE, N.M. — Former presidential candidate Gary Johnson is setting his sights on a U.S. Senate seat from New Mexico as a Libertarian candidate, arguing that he can act as an influential swing vote and a voice of reason in bitterly divided Washington. The former governor wants to downsize federal spending to offset President Donald Trump’s tax cuts and push let-live policies on cannabis and education. Democrats warn that he would work to torpedo social spending.

___

WHAT’S HAPPENING

Johnson made a late entry as a Libertarian into the Senate race against first-term Democratic Sen. Martin Heinrich and Republican political newcomer Mick Rich.

Johnson says politicians in Washington have their “heads in the sand” over the dangers of ballooning federal debt that could lead to Venezuela-style inflation. He also believes that Trump has betrayed conservative free-market principals by waging trade wars while subsidizing farmers, though he applauds Trump’s efforts to rein in federal regulation.

___

EDITOR’S NOTE: Associated Press reporters are on the ground around the country, covering political issues, people and races from places they live. The Ground Game series highlights that reporting, looking at politics from the ground up. Each week, in stories and a new podcast , AP reporters examine the political trends that will drive the national conversation tomorrow.

___

Johnson still has a political following in New Mexico from his two terms as governor starting more than 20 years ago, when was elected as a Republican. And he says he has a natural constituency in the growing portion of voters who register without allegiance to major parties.

Pollsters say that may not be enough, and that independents tend to sit out nonpresidential election cycles. The state Republican Party is accusing Johnson of ensuring a Democratic victory by dividing fiscal conservatives.

Still an avid outdoor athlete at age 65, Johnson says he’d happily set aside his 100-day ski seasons and bicycle endurance races to serve in the Senate.

___

WHY IT MATTERS

Johnson’s quirky policies and unpredictable allure among voters is forcing Democrats to defend what had seemed like a secure seat. And Republicans are calling him a spoiler outright, saying he will draw votes from their candidate. With the Republicans holding a super slim majority, every seat is crucial to both sides.

To cement support among progressives, Heinrich has cast himself as a defender of federal Medicare and Social Security benefits and a proponent of the new outdoor-recreation and renewable-energy economies — a tenuous hedge in an oil-based state economy. His newfound support for legalizing marijuana defuses one of Johnson’s signature issues.

A Libertarian has never served in Congress and Johnson wants to prove that a third-party politician can make the Senate more productive.

Political opponents say the stakes are high for the nation if Johnson were to succeed in tipping the Senate’s partisan balance.

They also say a pledge by Johnson to trim the federal budget doesn’t necessarily help a deeply impoverished state that heavily depends on federal military and Medicaid spending.

Johnson says current federal retirement and health care benefits are unsustainable, and that he can make a compelling case to maintain military assets and weapons research in New Mexico.

Johnson wants a say in what comes next if the federal government decriminalizes marijuana, envisioning a system of pardons for prior convictions and changes to workplace drug testing.

___

WHAT TO WATCH

Johnson could steal the show in October televised debates, and unscripted campaign moments are a given.

Johnson said he takes pride in his honesty and open thought process — even if after infamous campaign gaffes as he ran for president. And he was known for offbeat behavior as governor, twirling a plastic pig in the air once to signal he would never sign a budget bill.

Johnson says he would be a fair and impartial judge in the event of an impeachment trial against Trump, and sees no impeachable offense so far.

Read More

Good Luck at the Races

Baked Goods logo

Rob M.

Last week both New Mexico gubernatorial candidates faced off in a televised debate on KRQE. When questioned about recreational cannabis Rep. Michelle Lujan Grisham took a huge swig from her water bottle and Rep. Steve Pearce just smirked.

The first question: “Have either of you smoked pot?” Both answered they hadn’t (a little irritably, I might point out).

With that out of the way, Anchor Dean Staley cut to the quick and asked about the legalization of cannabis. Commenting first on medicinal cannabis, Pearce growled, “I was suspicious of that for many years.” He said some close friends had convinced him, though, and he’d “come to terms” with it. With clear discomfort, he said, “Medical marijuana. Fine. We will do it. There maybe should be more oversight.”

He then tried to explain his bizarre reasoning behind denying recreational legalization. I’ve mentioned it a few times, but it’s worth remembering that back in April, Pearce told a crowd of voters that legal cannabis would be “one more obstacle in front of people who are struggling to get out of poverty.” It was one of the weirdest lines of thought I’ve encountered.

I was interested to hear his rationalization this time around. The new answer: “When I say that we’ve got to cure poverty–when we’ve got to cure mental behavior health [sic] and drug addiction–opioid addiction–all of those kind of merge together.” Okay, I’m following you so far, Pearce. “I do not see how putting one more obstacle in front of people helps them to get out of poverty and get back on their feet. I really don’t.”

So there you have it. All cleared up.

Lujan Grisham reiterated her support of legalization. She pointed out that it was an economic boost in all the states where it’s been implemented and “the benefit New Mexico has with the nine states that have legalized recreational marijuana is that we can learn from their successes and their mistakes.” Quite rational.

She pointed out that she helped get medical cannabis approved and chided Pearce for voting against veteran access to medical cannabis. She also criticized Governor Martinez for “doing everything she can to minimize access and make it difficult to obtain both a license to produce and get access as a patient.”

She struck me as quite passionate about the question, which I like. I noticed she was hardly able to contain her shocked sighs while listening to Pearce’s bizarre rhetoric. Her opponent, meanwhile, maintained a super creepy beatific smile and stared directly into the camera while Lujan Grisham promised to sign any bill that “protects the medical cannabis program–makes sure that patients don’t lose any of their access to the products that they need, deals with workplace intoxication and public safety, deals with underage consumption and prevention and regulates productively edibles–which can get in the hands of underage users–then I’m inclined to sign that bill.”

Pearce interjected before the next question was asked to say that Colorado is facing problems with “lessening performance” (whatever that means), more drugged driving (a misleading statistic, since the only current testing method will give a positive result 30 to 120 days after it was last ingested), and “younger kids taking it.”

He went on to describe a nameless single mother who supposedly moved back to New Mexico from “one of the states” and said to him, “How dare you put an obstacle in front of me trying to raise my family.” He sure talks to a lot of people with “obstacles in front” of them.

Lujan Grisham cut in once more to say that she has identified those very issues and can plan to deal with them better now that we know of the concerns. “To minimize that as an economic driver doesn’t make any sense.” Classy.

Have a Coke and Smile

Last week I was bombarded with links about Coca-Cola hopping on the CBD bandwagon.

Last month Molson Coors Brewing Co. Canada (one of the largest beer producers in the world) partnered with The Hydropothecary Corporation to produce non-alcoholic, cannabis-infused drinks. The new company they created will operate independently from its parents.

And US-based alcohol company Constellation Brands Inc. also made headlines last month for investing in Canadian cannabis producer Canopy Growth Corp. The company dropped $5 billion into Canopy, a number which made the market sit up and pay attention.

So while I normally just chuckle and roll past a headline like “Coca-Cola says it’s looking at potential cannabis drinks business,” this time I decided to pause and consider the ramifications. The brand new cannabis marketplace suffered some trouble recently when the US Customs and Border Protection agency announced it would permanently ban all Canadians working for or investing in cannabis companies if they try to cross the border. The confidence shown by those two alcohol companies in using the cannabis industry as an avenue to new revenue streams implies a different strategy might be employed by the entire alcohol industry–which has reportedly seen some troubling revenue losses in states where recreational cannabis is legal. That vote of confidence was like a shot in the arm for cannabis stocks. What effect would Coca-Cola have on the market?

According to Bloomberg, the soda pop maker is currently in talks with Canadian-based Aurora Cannabis Inc. Although they refuse to state how serious the discussions are, Coca-Cola representatives did tell reporters that they are “closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world.”

It’s far from a definitive announcement, but it was enough to make Aurora’s stocks jump. Me, too.

Read More

New Mexico’s Elevated Support For Marijuana Legalization Could Color State a Deeper Shade of Blue

While New Mexico’s gubernatorial candidates debated the pros and cons of legalization last week, a poll published Sept. 21, 2018, shows how liberal Democrats may cash in on a green wave of support in November.

The poll conducted by Research and Polling Inc. found that a majority of New Mexico voters support legislation to legalize recreational marijuana by a 2-to-1 ratio, according to the Albuquerque Journal. The survey shows that 60 percent of voters would support legislation to legalize, tax, and regulate marijuana sales to adults 21 and older, while 32 percent said they were opposed. The remainder of those surveyed had “mixed feelings” or didn’t know.

The poll also found that 74 percent of those who support legalization were Democrats. A majority of Republicans, 53 percent, opposed legalization, while support was roughly 40 percent.

While this was intriguing news for the Democratic gubernatorial candidate, U.S. Rep. Michelle Lujan Grisham, who has voiced her tentative support for legalizing adult-use marijuana, the poll results appear to be slightly more problematic for the Republican candidate, U.S. Rep. Steve Pearce. For Pearce, who represents New Mexico’s 2nd Congressional District in Washington, D.C., and who opposes legalization, he maintains it would create yet another obstacle for those citizens working to overcome poverty.

“I do not see how putting one more obstacle in front of people helps them get out of poverty and get back on their feet, so I’ve never been supportive of legalizing recreational marijuana,” Pearce said during aSept. 19, 2018, debate hosted by Albuquerque CBS and Fox affiliate KRQE-TV.

Although several proposals to legalize and tax recreational marijuana have repeatedly failed to make it through the New Mexico Legislature, Lujan Grisham said she would be “inclined to sign” responsible legislation that effectively addresses her four points of concern: the protection of New Mexico’s current medical marijuana program, workplace safety, underage consumption, and properly regulated edibles. Lujan Grisham supported her position by emphasizing the potential to bring “hundreds of millions of dollars to New Mexico’s economy.”

New Mexico is considered a “swing state” headed into the 2018 midterm election — FiveThirtyEight reported that Grisham has a seven point lead over Pearce as of Sept. 13, 2018.

The state’s House of Representatives comprises 38 Democrats and 32 Republicans, while the political composition in the Senate is 26 Democrats to 16 Republicans. Although the Democrats hold a majority in both legislative chambers, some conservative Democrats have voted with Republicans to stop legalization proposals in the past.

In December 2017, Sen. Jerry Ortiz y Pino introduced Senate Joint Resolution 4 (SJR 4), an amendment that would have legalized the possession and use of marijuana by individuals 21 and older. Democratic state Sens. Linda Lopez, Ortiz y Pino, Daniel Ivey-Soto and Jeff Steinborn all voted in favor of the resolution, while Democratic state Sen. Mary Kay Papen voted against SJR 4 with Republican state Sens. Mark Moores and Cliff Pirtle.

But with no recreational marijuana initiative on the 2018 ballot, Lujan Grisham’s support for passing responsible legislation to legalize adult use may be one of the few issues motivating the electorate — aside from resisting President Donald Trump — to swing the purple state to a nice shade of bluish-green.

Pearce was give a ‘D’ grade by the National Organization for the Reform of Marijuana Laws (NORML) for his past marijuana votes in the U.S. House. In addition to voting against the Veterans Equal Access Amendment in 2015 and 2016, Pearce also voted against legislation that would have prohibited the Department of Justice from interfering with states that have allowed marijuana use.

Although during the debate neither candidate admitted to ever smoking marijuana, Lujan Grisham did vote for the 2015-2016 Veterans Equal Access Act (HR 667), the 2015 McClintock-Polis Amendment to the Commerce, Justice, and Science appropriation bill, and the 2015 Rohrabacher-Farr Amendment to the fiscal year 2016 spending bill. As for medical marijuana, Lujan Grisham served as Democratic Gov. Bill Richardson’s health secretary and was instrumental in establishing the state’s program.

With a little more than 40 days to go before the 2018 midterm elections, it is a possibility that the situation may turn grim for New Mexico officials who voted no on legalization — regardless of party affiliation. As the state seeks to increase revenue for higher education, improve civil liberties, and generate new economic growth, the legalization of recreational marijuana could provide a boon in tax revenue, the decriminalization and potential expungement of cannabis offenses, and job creation through a newly created recreational cannabis industry to address some of the voters’ biggest concerns this November.

Read More

Pot Topics: Coca-Cola eyes cannabis market; Weed museum opens in Vegas

Pot Topics is a weekly collection of cannabis-related news curated by the Chicago Sun-Times. Here’s this week’s top stories:

  • Coca-Cola considering CBD-infused beverages
  • Pot museum opens in downtown Las Vegas
  • Sober Dax Shepard defends wife Kristen Bell’s pot use
  • New Mexico Senate candidate Gary Johnson discloses pot sector holdings

Coca-Cola in talks to create CBD-infused drinks

Beverage giant Coco-Cola is thinking about getting into the cannabis business. | AP File photo

Soda giant Coca-Cola is watching the market for drinks laced with cannabidiol, or CBD, the non-intoxicating cannabis derivative that’s being used to treat everything from sleep problems to childhood epilepsy.

Coke has stressed that CBD doesn’t create the stony effects associated with tetrahydrocannabinol, or THC, another chemical found in the cannabis plant.

“Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola said Monday in a statement.

“The space is evolving quickly. No decisions have been made at this time,” the company added.

Coca-Cola’s statement followed a Bloomberg report Monday that claimed the Atlanta-based company was in “serious talks” to create CBD-infused beverages with Canadian pot company Aurora Cannabis. Neither company has denied the report, which cited “multiple sources familiar with the matter.”

Earlier this year, Coca-Cola tested an alcoholic beverage in Japan. A cannabis-derived drink would give the company yet another option as consumers continue to move away from sugary sodas.

A growing number of alcohol companies and distributors are also getting into the pot game, with the makers of Coors and Blue Moon beers already launching drinks infused with cannabis.

According to Bloomberg, Coca-Cola’s interest in a “functional wellness beverage” with CBD could result in a drink designed to ease inflammation, cramping and other pains.

To learn more about cannabidiol, check out the Sun-Times guide to CBD.

Interactive marijuana museum opens in Las Vegas

Las Vegas' newest attraction -- and Instagram backdrop -- is a museum celebrating all things cannabis.

Gabe Williams works on a exhibit at the Cannabition cannabis museum in Las Vegas. | AP Photo/John Locher

A new, first-of-its-kind cannabis museum opened Thursday in downtown Las Vegas, offering visitors an immersive, 420-friendly experience.

The Cannabition Cannabis Museum features a variety of made-for-social-media exhibits, including a slide that empties into a pool of foam pot “nuggets,” a glow-in-the-dark tree and a 24-foot bong — dubbed “Bongzilla” — that’s being touted as the world’s largest.

The attractions are all sponsored by companies working in and around the marijuana industry, including leading online pot resource Leafly, vaporizer company PAX Labs and Raw rolling papers, among others.

Although Nevada fully legalized pot over a year ago, a statewide ban on public consumption will prevent visitors from sparking up at the museum. Nevertheless, founder J.J. Walker hopes the space will help further destigmatize marijuana use.

“Our goal when people come out of this is that they don’t fear the cannabis industry if they are not believers in the industry,” Walker said. “Cannabition is not about just serving people that like marijuana, it’s about serving the masses that want to learn about cannabis and or just have fun and go do a cool art experience.”

Cannabition guests can wander through 12 installations with rooms like “seed,” where they can lie down in a bed shaped like a marijuana seed, and “grow,” which features artificial plants of various sizes placed under bright lights to represent a grow facility.

There is also a space with huge faux buds representing different pot strains and another room with gonzo journalist Hunter S. Thompson’s legendary “Red Shark” Chevrolet Caprice.

The museum is not exactly the Smithsonian of marijuana, but it has some educational components. Guests get an introduction from museum guides and some graphics on walls explain how concentrates are made and the differences between indica and sativa cannabis strains.

To buy tickets, click here.

Sober Dax Shepard defends wife Kristen Bell’s pot use

Dax Shepard participates in the 17th Annual Chicago Polar Plunge at North Avenue Beach on Sunday, March 5, 2017. | Ashlee Rezin/Sun-Times

Actor Dax Shepard defended his wife Kristen Bell’s weed use after she admitted to puffing a vaporizer in front of him earlier this week.

During her appearance Monday on comedian Marc Maron’s WTF podcast, “The Good Place” star said she sometimes tokes in front of Shepard, who has struggled with drug and alcohol addiction in the past.

“I like my vape pen quite a bit and I smoke around my husband,” Bell told Maron. “It doesn’t seem to bother him.”

“Weed rules,” she added.

On Wednesday, CBS’ “The Talk” referenced the couple’s situation in a tweet: “Kristen Bell vapes weed around Dax Shepard, even though he’s sober. If you were sober, would you expect your spouse to be?”

Shepard — who recently wrote, directed and starred in the big screen reboot of the ’80s cop show “CHiPS” — quickly shot back with his own tweet.

“That would be like a diabetic expecting their partner to never eat dessert,” he said. “Get real!”

Earlier this month, Bell penned a heartfelt Instagram post commemorating Shepard’s 14 years sober.

“I know how much you loved using. I know how much it got in your way. And I know, because I saw, how hard you worked to live without it,” she wrote.

Despite his sobriety, Bell told Maron that Shepard has encouraged her to experiment with psychedelic drugs.

“He just feels you shouldn’t leave earth without trying ecstasy or mushrooms,” she said of her husband.

Libertarian Senate candidate Gary Johnson discloses pot investments

U.S. Senate candidate Gary Johnson of New Mexico has disclosed personal financial interests in the cannabis sector that include stock holdings, a profit sharing agreement and recent capital gains on investment sales, according to filings reviewed by The Associated Press.

Former Libertarian presidential candidate Gary Johnson disclosed his financial interests in the cannabis sector this week. | AP file photo

Gary Johnson, a Libertarian running a U.S. Senate campaign in New Mexico, disclosed his investments in the cannabis sector, which include stock holdings, a profit sharing agreement and recent capital gains on investment sales.

This week, Johnson’s filings disclosed that he owns stock totaling more than $250,000 in Nevada-based cannabis company Kush. In addition, he has a profit sharing agreement as the advisor to the pot-driven investment fund CB1 Capital.

Johnson, a two-time Libertarian presidential candidate candidate, also reported capital gains of at least $100,000 from Cannabis Sativa stock. He previously served as the Nevada-based company’s CEO.

Johnson, who is running against incumbent Democrat Martin Heinrich and Republican Mick Rich, has been a longtime pot advocate.

Associated Press and USA Today contributed to this report.

Upcoming cannabis events in the Chicago area

  • Sept. 22: Modern Cannabis hosts a “Get a Card” event at Emporium Wicker Park, 1366 N. Milwaukee Ave.
  • Sept. 22: Nature’s Balance Acupuncture & Wellness Center hosts a CBD hemp oil tasting at 820 E. Terra Cotta Ave. in Crystal Lake.
  • Sept. 23: The Midwest Compassion Center hosts its monthly patient social and offers application assistance at 721 N. Independence Blvd. in Romeoville.
  • Sept. 24: Arlington Heights Memorial Library offers medical cannabis application assistance at 500 N. Dunton Ave. in Arlington Heights.
  • Sept. 27: Ellementa Chicago hosts a do-it-yourself herbal tincture class. The Living Room, 2423 W. North Ave.
  • Sept. 28: Ancien Cycle Cafe hosts a discussion about medical cannabis at 1558 E. 53rd St.

Sun-Times Cannabis Info Guides:

Our coverage also includes:

Read More

Data Shows the Global Medical Cannabis Market is Set to Reach USD 28 Billion by 2024

NEW YORK, September 19, 2018 /PRNewswire/ —

According to a report provided by Energias Market Research, the global medical cannabis market is projected to increase in value from USD 8.28 Billion in 2017 to USD 28.07 Billion in 2024 and at a CAGR of 19.1% from 2018 to 2024. There are many significant developments that help increase the growth rate of the market, such as the increasing acknowledgment of medicinal benefits and higher demand for cannabis in the treatment of various diseases, as well as growing research and development investments. The data also shows that sales of cannabis products for recreational use are also likely to rise as California’s new laws regarding recreational sales went into effect earlier this year. Chemesis International Inc. (OTC :CADMF ), MedMen Enterprises Inc. (OTC :MMNFF ), Integrated Cannabis Company, Inc. (OTC :ICNAF ), United Cannabis Corporation (OTC :CNAB ), Cannabics Pharmaceuticals Inc. (OTC :CNBX )

Canada had recently passed a nationwide legalization of recreational cannabis use, following Uruguay to become the second country to do so. According to CBC, Canada is one of only two countries, besides the Netherlands, that exports cannabis products, which allows companies in Canada to gain instant revenue from recent medical cannabis legalizations in more than 20 countries. CBC reported that the “offerings in today’s Canada medical marijuana market differ little from those used recreationally – the smokable plant and, more recently, oil extracts. More than 70 companies have licenses from the federal drug regulator, Health Canada, to cultivate, produce and sell medical marijuana, with more than half those licenses granted in 2017 or 2018.”

Chemesis International Inc. (OTC :CADMF ) is also listed on the Canadian Securities Exchange under the ticker (CSE: CSI). Earlier last week, the Company announced, “the opening of its wholly owned subsidiary Chemesis Latin America. Through this subsidiary, the Company is exploring and completing advanced due diligence on opportunities for cultivation, production and export from the Latin American market. The Company believes it will be able to quickly gain market share in Latin America through the use of its networks and existing expertise.

Chemesis’ long-term growth strategy is focused on international expansion. Globally, regulation changes are occurring for both medical and recreational cannabis, and as these changes occur, Chemesis intends to be a first mover by leveraging its existing networks and developing brands suited for the Latin American market. Mexico is a great example of these changes, as president-elect, Andres Manuel Lopez Obrador, who has the job of overseeing rule making and regulations around Mexico’s new marijuana law, unveiled a plan to change the country’s drug strategy in several big ways.

Colombia, another front-runner in the Latin American cannabis market, is rapidly growing its capabilities. The government is hoping to grow up to 40.5 tons of cannabis per year, which would account for approximately 44% of the licenses issued globally. Colombia is estimated to capture as much as one-fifth of the global market, a value of $40 billion a year.

“Chemesis Latin America is a big step forward in our global growth strategy,” said CEO, Edgar Montero. “We believe Chemesis has a major advantage in this region, as the recent acquisition of Natural Ventures can be leveraged to quickly capitalize on upcoming opportunities. With progressive regulations, Latin America becomes a key market that will be a major part of our portfolio. The Company has positioned itself to take advantage of significant opportunities in both Mexico and Colombia. This allows Chemesis to execute on its ambitious growth strategy to identify opportunities that will build long-term shareholder value. The company plans to announce the specific countries and jurisdictions where it will be operating in the near future.”

About Chemesis International Inc.: Chemesis International Inc. is a vertically integrated global leader in the cannabis industry, currently operating within Puerto Rico, and California. Chemesis is developing a strong foothold in key markets, from cultivation, to manufacturing, distribution, and retail. Chemesis has facilities in both Puerto Rico and California, allowing for cost effective production and distribution of its products. In addition, Chemesis leverages exclusive brands and partnerships and uses the highest quality extraction methods, to provide consumers with quality cannabis products. Chemesis will add shareholder value by exploring opportunities in emerging markets while consistently delivering quality product to its consumers from seed to sale.”

MedMen Enterprises Inc. (OTCQB: MMNFF) is a leading cannabis company in the U.S. with assets and operations across the country. MedMen Enterprises Inc. recently announced it has secured prime retail locations with long-term leases in Ft. Lauderdale, Miami Beach, West Palm Beach, St. Petersburg and Key West. The Company continues to expand its footprint in premium retail districts with high visibility and heavy foot traffic. Florida is the third most populous state in the U.S. with a rapidly growing medical cannabis market and large potential adult use market. The state has high tourist activity and is home to the largest elderly community in the nation. According to Arcview, medical cannabis sales are estimated to be approximately USD 1.4 Billion by 2021. “Our entry into Florida through this acquisition demonstrates our growing national footprint as well as our ability to execute,” said Adam Bierman, MedMen Chief Executive and Co-Founder. “Our real estate team is hard at work preparing to put MedMen branded stores in the most coveted locations in Florida – locations in highly desirable and defensible market areas with high foot traffic and proximity to popular brand retailers.”

Integrated Cannabis Company, Inc. (OTCQB: ICNAF) is comprised of dedicated scientists and product engineers who are passionate about health and creating health and lifestyle products utilizing advanced delivery systems and formulations. The Company recently announced the completion of a market-ready Tetrahydrocannabinol (THC)-infused spray product and the required licensure for manufacturing of the product in Colorado. Over the past ten months the Company has engaged and worked with contractors, consultants and various state and municipal regulators in order to successfully gain licensing and approvals for facilities that manufacture CBD- and THC-infused products in the State of Colorado. “We are pleased to be adding THC products to our proprietary line of sprays and plan to launch via distribution in Colorado beginning in Q4 and shall pursue other legal markets thereafter,” said Mr. John Knapp, CEO of Integrated Cannabis.

United Cannabis Corporation (OTCQB: CNAB) is a biotechnology company dedicated to the development of phyto-therapeutic based products supported by patented technologies for the pharmaceutical, medical, and industrial markets. United Cannabis Corporation recently announced that it has signed an Agreement with Releaf Global Pty Ltd. to form and operate an Australian corporation for the purpose of commercializing the Company’s patented Prana Bio Nutrient Medicinals, cannabis-centric products and technologies in Australia and other territories. On February 24th, 2016, Australia legalized medical marijuana for patients with painful and chronic conditions and provided for approved companies to import, store and sell cannabis while domestic production ramped up to support patient demand. Australia’s Office of Drug Control in the Federal Department of Health issued the first license under the medicinal cannabis provision earlier this year, on February 17th. Earnest Blackmon, United Cannabis’ Chief Executive Officer, commented, “Australia represents a substantial opportunity for United Cannabis. Our Prana line is ideally suited for new markets as it provides patients and caregivers with a guided program to develop therapies targeted to a given patient’s unique concerns.”

Cannabics Pharmaceuticals Inc. (OTCQB: CNBX) is a U.S public company that has developed a platform which leverages novel drug-screening tools and artificial intelligence to develop cannabinoid-based therapies for cancer that are more precise to a patient’s genetic profile. The Company recently announced that it has received encouraging results in its preclinical study showing one of its proprietary cannabinoid compounds causing a higher rate of cancer cell death compared to traditional chemotherapy. Cannabics is rapidly expanding its database of cancer and cannabinoids and established a library of cannabinoid compounds to explore the biological versatility and entourage effect. Additionally, the Company has been granted a patent in Israel on its core technology of screening the effectiveness of cannabis compounds on human biopsies. The research and development center, in Israel, has leveraged its capabilities and accomplished the implementation of the patented technology. Dr. Eyal Ballan, Co-founder and Chief Technical Officer, said: “I am excited to share the positive results and hope for meaningful collaborations with industry leaders in cancer treatment. There is an advantage in developing cannabis medicine since we explore compounds that are been delivered to patients worldwide and to finetune the antitumor potential in such a dispersed treatment has a promising value.”

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For Chemesis International Inc. financial, corporate news dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.

For further information:
info@financialbuzz.com
+1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com

Read More

Stay Home, Canadians

Baked Goods logo

Rob M.

Back in June Canada legalized recreational cannabis for adults over 21. Retail sales begin in October. It was a huge signal to the rest of the “civilized” world that times were a-changing, and the freaks were winning the war. I assumed it bode well for us. After all, America is a nation of hubris, and we’d be damned if we let those weak-kneed, poutine-eating hippies beat us at any race.

Our friendly neighbors to the north received a not-so-friendly message last week when Todd Owen, executive assistant commissioner for the Office of Field Operations with the US Customs and Border Protection agency, told Politico that anyone working in the cannabis industry would not be allowed into the country and would be banned from entering for life. Those with a ban can apply for a waiver, which costs $585 and takes several months to process.

Most shocking was the revelation that anyone who has even invested in a cannabis company will also be barred from entering the US, on the grounds that they’re benefiting from drug trafficking. This landed a huge hit to cannabis stocks, which MarketWatch reports fell in the hours following the report’s publication.

Section 212 of the US Immigration and Nationality Act says a foreigner “who is determined to be a drug abuser or addict,” or anyone who “is or has been an illicit trafficker in any controlled substance,” is ineligible to receive visas or be admitted into the US.

According to Owen, travelers are not required to announce whether they have ever smoked cannabis or are involved in the industry, but border agents are instructed to ask questions if they believe they’ve smelled cannabis or if anything is detected by inspection dogs. He pointed out that lying to these agents will also be rewarded with a lifetime ban.

Call me a conspiracy theorist, but this seems like a really sneaky way to undermine the cannabis industry and force investors to flee. But despite the initial reaction, many of the cannabis companies reportedly made up their losses by the end of the day, begging the question: Why would the federal government be so stupid as to make a big fluff about this? Are we really going to start turning business people away at the border to prove a point? Canadians reportedly made more than 42 million same-day and overnight trips into the US last year. Come next month, that number will probably get chopped off at the knees.

N.M. Rejects Cannabis for Opioid Addiction Again

Surprise, surprise. New Mexico Department of Health Secretary Lynn Gallagher once again ignored science and the advice of experts to include opioid dependence on the department’s list of conditions that qualify a patient to receive a medical cannabis card.

According to the Santa Fe New Mexican, Gallagher wrote in a decision: “I cannot say with any degree of confidence that the use of cannabis for treatment of opioid dependence and its symptoms would be either safe or effective.”

I can relate to an extent–there hasn’t been much research in the area yet, thanks to federal bans–but calling it unsafe is ridiculous. And the research that does exist is incredibly positive and compelling. A couple of months ago, I talked to Associate Professor Dr. Jacob Miguel Vigil of the University of New Mexico about the psychology department’s research into this exact subject. A paper co-authored by Vigil, “Associations between medical cannabis and prescription opioid use in chronic pain patients” gained plenty of press nationally for finding a correlation between decreased opioid prescriptions and the level of access a patient has to some form of legal cannabis.

I was shocked when he told me over a plate of tacos that he thought Big Pharma was actively keeping research from happening because it was so good at treating opioid addiction. “When we were analyzing some of the data that showed that opiate use dramatically dropped, not only did I get chills,” he told me, “but there was explicit thoughts that the information may put us at physical risk of harm if it were disclosed.”

I doubt Gallagher is unaware of the study. One thing she’s definitely aware of is the 5 to 1 vote by the state’s Medical Cannabis Advisory Board to recommend the condition be included. According to the National Institute on Drug Abuse, New Mexico doctors wrote 70 opioid prescriptions for every 100 people in 2015.

In 2016, we had a total number of 349 opioid-related overdose deaths in New Mexico. Compared to the number of cannabis overdose deaths (a whopping zero), the idea of saying you don’t think it would be safe is laughable. For shame, Gallagher.

Gallagher also declined the advisory board’s recommendations to add muscular dystrophy, Tourette’s syndrome, eczema and psoriasis as qualifying conditions for the state’s medical cannabis program. She did add obstructive sleep apnea. What a peach.

Cannabis Industry Loves Lujan Grisham

Last week, The Associated Press reported Democratic gubernatorial candidate Rep. Michelle Lujan Grisham’s campaign finance filings show a number of contributions from state medical cannabis companies.

According to the report, the candidate received more than $20,000 from cannabis contributors since July. Some of the companies included in the list were the Verdes Foundation and MJ Express-O.

Lujan Grisham has expressed support for legalizing recreational cannabis use for adults in New Mexico. Her opponent Rep. Steve Pearce–on the other hand–weirdly said cannabis is an “obstacle in front of people who are struggling to get out of poverty.”

Read More

S Africa legalises private use of cannabis

South Africa’s highest court has allowed the private use of marijuana, upholding a lower court’s ruling that found the criminalisation of cannabis was unconstitutional.

Activists who include members of the Rastafarian movement and traditional healers greeted the ruling with loud applause. They have held marches over the years to demand that the law be changed to allow people to smoke ‘weed’, which is called ‘dagga’ in South Africa.

Several government departments, including the health and justice ministries, oppose its legalisation and warn of harmful effects.

But in a unanimous judgment read by Deputy Chief Justice Raymond Zondo, the Constitutional Court decriminalised home consumption, saying “the use of cannabis must be for the personal consumption of the adult”.

Tuesday’s ruling also approved growing marijuana for personal consumption.

Rastafarian Garreth Prince and former Dagga Party leader Jeremy Acton brought the case asking the High Court to allow for the home use of marijuana.

Jules Stobbs and Myrtle Clarke, known as the “Dagga Couple”, joined the case, and asked the court to strike down laws banning the use, cultivation and sale of marijuana.

He added that it would not be a criminal offence for an adult person to use or be in possession of cannabis in private for their personal consumption in private.

However, the judgment did not specify the amount that can be used by an adult in private use.

“This must be determined by parliament,” he said.

Parliament is now expected to amend the laws that criminalise cannabis following the court ruling.

Activists had argued that the criminalisation of dagga use and possession is a violation of the right to equality, dignity, and freedom of religion.

Read More

Cannabis News Round-Up

Many California marijuana products failing safety tests. Los Angeles launches crackdown on unlicensed marijuana businesses; more than 500 people are charged. Legal medical marijuana stores could start opening up in Fresno. Pro-law enforcement group releases study on impact of legal marijuana in Colorado. Colorado warns New Mexico about consequences of legalizing recreational marijuana. In New Mexico Senate race, Heinrich joins Johnson in call to legalize cannabis.

Michigan marijuana proposal support high. 5 things to know about Michigan proposal to legalize marijuana. Board sets final language for proposal to legalize Michigan recreational pot. Legalization of marijuana in North Dakota. Group forms to fight against legalizing North Dakota marijuana. Indiana farmers need industrial hemp or legal marijuana to prosper.

New Jersey marijuana legalization is picking up momentum. Most New Jersey residents say they’d go for legal weed if it means lower property taxes, poll shows. New Jersey urban mayors want increased focus on social justice aspect of marijuana legalization. Marijuana legalization listening sessions begin in New York. New York marijuana should not be legalized. Health benefits, economic growth cited as reasons to legalize New York marijuana.

Here’s a gateway ETF to invest in the eventual explosion of legal marijuana. Alcohol companies are seeing green in weed. Top Trump health official signals support for marijuana decriminalization. Congress should recognize states’ rights on cannabis. US has a marijuana legalization catch-22 on its hands.Price Elasticity of Illegal vs Legal Cannabis: A Behavioral Economic Substitutability Analysis. Availability of Legalized Cannabis Reduces Demand for Illegal Cannabis among Canada Cannabis Users: Evidence from a Behavioral Economic Substitution Paradigm.

What happens to US when pot’s legal in Canada? CBP officers prepare for Canada marijuana legalization. Canada marijuana users, workers and investors risk lifetime border ban. Canada marijuana legalization expected to cost Winnipeg $1.76M. Canada medical marijuana system will continue after legalization, says Health Canada. How Canada medical marijuana is opening the door to recreational cannabis. British Columbia municipalities seek 40 per cent of tax revenue from legal marijuana. Vancouver School Board educating youth about marijuana ahead of legalization.

Read More

Libertarian Gary Johnson says his $250G in cannabis stocks irrelevant to his backing of legalized marijuana

Gary Johnson, a two-time Libertarian candidate for president who’s now seeking a U.S. Senate seat in New Mexico, says the more than $250,000 in cannabis stocks he owns does not influence his position on legalizing marijuana.

According to financial filings reviewed this week by the Associated Press, Johnson is said to own stocks worth more than $250,000 in the Nevada cannabis company Kush Inc. He also reported capital gains of at least $100,000 from stock in the company Cannabis Sativa, where he previously served as CEO between his 2012 and 2016 presidential runs.

Johnson, 65, who also served as a Republican governor of New Mexico from 1995 to 2003, was required to disclose his personal finances after announcing his Senate candidacy in August.

He defended his earnings Friday, saying he sees no conflict of interest because he has always supported the legalization of marijuana.

“This was a career-ending move on my part in 1999,” Johnson said, referring to his support for legalizing pot when he was governor, despite its unpopularity at the time. “The last thing that I ever dreamed of happening is that somehow I would make money off this.”

“The last thing that I ever dreamed of happening is that somehow I would make money off this.”

– Gary Johnson, Libertarian candidate for U.S. Senate in New Mexico

Johnson’s Senate campaign office did not immediately return Fox News’ request for additional comment.

Johnson has long advocated for legalizing marijuana. Both he and his daughter are also investors in the cannabis-specific hedge fund CB1 Capital.

He is running on the Libertarian ticket against incumbent U.S. Sen. Martin Heinrich, 46, a Democrat who recently embraced the decriminalization of marijuana at the federal level.

The Republican contender on the ballot, construction contractor Mick Rich, opposes legalization.

The Associated Press contributed to this report.

Read More

US Senate Candidate Gary Johnson Admits to Involvement in Cannabis Industry

Libertarian Senate candidate Gary Johnson recently disclosed a number of financial ties to the legal cannabis industry. Given Johnson’s pro-legalization platform, some have claimed these connections could be a conflict of interests. But Johnson insists that these claims are not true.

Gary Johnson’s Ties to Legal Weed

Johnson is currently running to represent New Mexico in the Senate. As part of the campaign process, he was required to submit a standard set of financial disclosures.

These disclosures revealed a number of connections to the legal weed industry. In particular, Johnson said that he owns more than $250,000 worth of stock in Kush, a cannabis company based in Las Vegas.

Similarly, Johnson reported that he is part of a profit-sharing arrangement with an investment fund called CB1 Capital. The fund invests exclusively in the cannabis space, and Johnson is reportedly serving as one of its key advisers.

Finally, Johnson’s financial disclosure revealed capital gains from stocks he holds in Cannabis Sativa, a marijuana holding company.

He said he earned at least $100,000 from these stocks. Johnson served as CEO of Cannabis Sativa in between his presidential runs in 2012 and 2016.

According to local news sources, Johnson’s financial ties to the cannabis industry have worried some folks in New Mexico. In particular, there are concerns that these connections could throw his pro-legalization platform into question.

As far as Johnson is concerned, there are no conflicts of interest. The politician said that there is nothing wrong with his financial interests in the industry because his political advocacy outdates his investments and work in the cannabis industry.

“This was a career-ending move on my part in 1999,” Johnson told the Albuquerque Journal. “The last thing that I ever dreamed of happening is that somehow I would make money off this.”

Johnson’s Pro-Legalization Politics

Johnson is one of the most well-known faces of Libertarian politics. Among many other things, he is known for being in favor of marijuana legalization.

He has run for president twice. Both times he ran on a Libertarian ticket. And both times, he said he supported legalization.

Now, he is running against Democrat Martin Heinrich and Republican Mick Rich to represent New Mexico in the Senate. While Johnson supports federal legalization, Heinrich advocates for decriminalization and Rich opposes legalization.

In New Mexico, medical marijuana is currently legal. The state has a relatively long and thorough list of qualifying health conditions. So far, the state has not legalized recreational cannabis.

According to studies, New Mexico consumes a relatively high amount of weed. For example, a 2016 report found that the state currently has at least 27,000 registered medical marijuana patients with an estimated 138,000 people who regularly consume illegal marijuana.

The study used these figures to estimate what a legal adult-use cannabis market would look like in New Mexico. Researchers estimated that such a market would consume more than 57 metric tons of cannabis annually. That, the report concluded, would be worth roughly $412 million with potential to grow to as much as $677 million.

Read More