Cannabis stocks proved lucrative at the beginning of 2014, but the chances of a solid return deteriorated in the second half of the year. An investor who pumped money into a mix of securities followed by the Viridian Cannabis Stock Index in early January of last year could’ve netted a 938% return at the end of the first quarter. That equates to a profit of nearly $94,000 on an initial investment of $10,000. But a similar investment made in the second quarter would’ve only netted an investor $283 in profits. From there, the chances of a loss increased dramatically.
If moral entrepreneurs and interest groups manage to whip up enough fear and anxiety, they can create a full-blown moral panic, the widespread sense that the moral condition of society is deteriorating at a rapid pace, which can be conveniently used to distract from underlying, status quo-threatening social problems and exert social control over the working class or other rebellious sectors of society.
Pien Metaal, who follows Latin American drug law reform ... told The Tico Times ... that legalizing medical marijuana in Costa Rica “would clearly send a message that can spark a debate in the region... Of course, the debate should not just be about medicinal use,” Metaal wrote, “since in fact recreational use is the largest actually existing phenomena, [for] which simple possession and use are being criminalized and prosecuted.”
The Portuguese justice minister, Paula Teixeira da Cruz, said she agreed with decriminalizing the use of soft drugs, in an interview to TSF radio, so “there is no highly organised crime or money laundering”. The prime minister has said that the decriminalisation of light drugs “is not on the government programme” and said that the comments made by the justice minister about this matter were made “personally”.
The nation's top medical organization released a major series of papers on medical cannabis last week in the Journal of the American Medical Association, in a move that constitutes a small step for the AMA, but a giant leap in cannabis medical history.
Scheduling ketamine would restrict its availability worldwide, which would lead to harmful impact on animal health and welfare, as well on public health. The World Medical Association is urging its 111 member associations to lobby their governments to oppose scheduling the anaesthetic agent Ketamine as a controlled drug.
A narrow majority in the Tweede Kamer, lower house of parliament in the Netherlands, supported a motion to not allow municipalities to experiment with cannabis cultivation: 75 parliamentarians voted for, 70 voted against.
A new UN study showing a steep rise in the cultivation of the leaf used to make cocaine offers fresh support to Colombia’s recent decision to end the aerial spraying of drug crops with herbicides. Justice minister, Yesid Reyes, said the report showed that the aerial aspersion strategy was ineffective. After spraying 1.5m hectares in the past 12 years, the total reduction of coca crops was just 12,000 hectares, Reyes said. Paraphrasing Albert Einstein, he added: “Insanity is to continue doing the same thing and expect different results.”
Authorities say crack use has dropped 80 percent in São Paulo's notorious "Crackland" district since the implementation of With Open Arms ("De Braços Abertos"), a government-sponsored drug treatment program initiated in January 2014, reported a municipal government office in São Paulo. But there are reasons to doubt the initiative's reported success.
While Brazil has the dubious honor of having the highest homicide rate in the world – with 56,337 killings reported in 2013 – Rio has the most number of murders committed by police than any other Brazilian state. The mayor points to the widely held belief in the city that successful drug traffickers need to control a territory. "There is cocaine and marijuana in every western capital. But that crazy idea of thinking that traffickers need to dominate an area is one of our peculiarities [...]."
Up and down the Western Hemisphere, marijuana policy is a growing topic of discussion, and laws are starting to change. In 2014, retail marijuana stores opened in the states of Colorado and Washington, where anyone over 21 years old can purchase a wide variety of marijuana products.
UN forums in recent years have witnessed more and more governments expressing their frustrations with the failing global war on drugs. This failure goes way beyond just the goals of drug control systems to reduce illicit drug production and use. The key driver of calls for change has been the catastrophic negative impacts of the war on drugs on public health, human rights, development and security.