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Tom Firestone

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On May 20, the Ukrainian parliament agreed to consider a bill which would legalize medical cannabis. If the bill is passed, Ukraine would become only the second post-Soviet country to significantly reform its cannabis laws. (In 2017-18, the Constitutional Court of Georgia eliminated both criminal and administrative liability for private marijuana use, but left in place prohibitions on selling and public use). The bill was the result of a campaign by Ukrainian NGOs and is supported by the Acting Minister…

As the movement towards legalization gains steam, international drug control treaties are a big elephant in the room. To date, legalization advocates and politicians alike have focused on laws at the local and national level. Little attention, however, has been paid to the multilateral treaties that arguably conflict with those laws. Most efforts to push a federal solution to the disparate local/national treatment of cannabis ignore the United States’ treaty obligations. This conflict must be addressed to ensure a smooth…

By any measure, cannabis has become a major industry, and global financial markets anticipate big profits in the future. The first Canadian regulated, licensed, publicly traded cannabis producer went public on May 24, 2018, and, less than a year later, is already a USD $15 billion company. Another Canadian producer has tripled in market capitalization since its July 2018 IPO and is now valued at nearly USD $7 billion. Governments are also recognizing the potential to generate needed revenue from…