Greek Coca-Cola heir Alki David was arrested with his fellow business partner after they landed on a private jet in Saint Kitts where Cannabis is still illegal. Actor Jonathan Rhys was also found with them. They were blamed for conveying $1.3 million worth of cannabis on board.
David and Chase Ergen, are said to have transported an expected 5,000 cannabis plants as a part of their new business to ‘create legitimate cannabis businesses in the district’.
But, they were caught by customs authorities after landing and said to have been held for eight hours before being given up. Then they were finally arrested as they tried to leave the island days later.
David’s privately-run company is the Leventis-David gathering, which possesses the Coca-Cola Hellenic bottling plants. It is trusted that were conveying hemp clone plants, hemp seeds, and Swissx CBD oil items as a part of their new pursuit.
David also has a business of selling oil extracted from cannabis plants, which he advertises as a treatment for a range of conditions. David was discharged after paying bail of $30,000. He was also ordered to surrender all travel documents and is expected in Basseterre Magistrate Court Tuesday.
Ergen was then reportedly captured for medication ownership, days after he was found with what David claims is restorative ketamine and remains looked up.
Addressing the DailyMail.com, David considers his partner’s capture a ‘set up’ and said the extra medications were, in fact, his prescription. He included: ‘This was his drug for bipolar. He was conversing with Prime Minister Harris when he was all of a sudden captured and is going into his second night in jail.’
What they had to say in their favor?
A statement from the two men said they were ‘attempting to ensure the island accepts its rightful place as a leader in the world’s fastest developing industry, legal CBD hemp. They also said that their intention is to work with the administration, the courts, the banks, the business sector, and the ranchers to build up a reasonable system. It creates a large number of employment on the island. It also uses Swissx’s worldwide dissemination system to make St. Kitts-Nevis cannabis items among the most sought after in the world. It is also our expectation to rapidly observe a surge in the country’s GDP that will profit everybody.
This is a monetary improvement initiative for raising the quality of life in conjunction with local SKN Caribbean accomplices. Previous PM Denzil Douglas is working intimately with us. We’ve have met with Prime Minister Harris to talk about coordinating support efforts before we leave one week from now for gatherings in Dominica. The other Caribbean island countries that have indicated extraordinary enthusiasm for our cooperative partnership.
Those discussions have broken down and prompted the captures of David and Ergen. David and Ergen’s lawful group has arrived from the UK and will record claims against PM Harris and the administration this week. But, legal advisor Dr. Henry Browne told The Kitts Nevis Observer: ‘The insignificant ownership of pot seeds isn’t a wrongdoing. What is a wrongdoing is to have the seeds and to come to an agreement to plant the seeds.’
The Legalization of Cannabis across USA; What’s the Real Reason Behind?
People of color are striving for decades and are discriminated against for their usage of drugs. Often facing issues of penalties and illicit charges finally is the time for them to have justice and help sustain the United States economy. The economy has suffered adversely. Back in December global cannabis stock started rising up.
The news is in the air and making a huge difference in the lives of many people. It’s a well-deserved and remarkable recovery for the cannabis industry. 2021 has definitely given them a lot of good news to survive and cheer up! This industry is fighting for a very long time for its due rights and during 2020 several events gave it the due edge. Now it seems like wrestling has resulted in the achievement of existential identity and is already set for any storm. There are several reasons for the change in the direction of the wind. Let’s recap the reasons and have a look at this major shift.
As flagged Covid 19’ has forced the state to legalize cannabis. It is not only the effort of Democrats but also the hole in the budget which is persuading them to take this step. This step will lead towards new employment opportunities and will help families that have lost their means of earning at the hands of the pandemic. It is estimated that billions in terms of tax will be generated to help the state and its citizens.
End to Racism
The people of color will finally get justice. They have been facing racism and discrimination issues since the war on drugs. You must know the history of the plant marijuana- which is believed to be an agent in stopping the immigration of the Mexicans from entering Texas. Initiatives taken by States: The November elections opened up a way for many cannabis companies to open up across New Jersey, Arizona, Montana, South Dakota, and Mississippi. The total addressable market expects more than 16 million new customers. According to studies, very soon, every one-in-three American citizen will live in a state where cannabis adult usage is legalized.
Expansion of other industries
The best for last is cannabis acting as a catalyst in the generation of revenues. Not only is this legalization of cannabis acts as a fuel to empower other industries. Boris Jordan, Chairman, Curaleaf declares that New Jersey was the tipping point and when New York and Pennsylvania go recreational, 80% of the US population will have access to adult-use cannabis.
Helping Hand to Neighboring States
It will also help the neighboring states like Canada to invest in States. The leaders will look forward to trading. Constitutional developments and laws will help US operators and industrialists to trade around core positions. As soon as the legalization of cannabis takes place, multiple fund managers start to buy cannabis in the US which is of high quality. Despite the fact, there is a lot of supply of cannabis and capital raises we still need to remind ourselves that more laws need to exist. Like they have come up with the laws and decree for the growth, cultivation, supply, and possession laws they need to have laws for child-resistant packaging marijuana foods.
What to expect now?
Once the US companies linked with cannabis are able to access capital to fuel and pump their growth and once they list on US exchanges, then the voyage will be underway. This asset will prove to be a new socio-economic engine for the US. The historic end to the war on drugs is on its way. A revolution is coming and good days for many!
Common Ground Found For Legalizing Weed
Perhaps one of the most overlooked and avoided affairs in the Senate is the legalization of weed. In the past, some laws did become a reality. These include house bill 3703 that makes slight changes to Texas’ low-THC medical program.
We’ve seen about two dozen bills that address decriminalization of medical cannabis, allowing hemp cultivation, and outright legalization of carrying and using weed.
The responsible marijuana policy director Heather Fazio believes that this current push for legalization is something that was never seen.
The house bill 447 by El Paso Democratic Representative Joe Moody would permit adults in the state of Texas to purchase and subsequently possess up to 2.5 ounces of cannabis. Moreover, 15 grams of this could be in concentrate form. The bill also allows people to grow up to 12 plants at their private residence.
The bill also argues that this will facilitate in curbing the illegal movement of cannabis as prices will go down significantly and everyone related to the trade will have their records sorted. Bill 447 also allows for retail operations under a license and a 10% sales tax.
The current suggestion will allow most of the money to go to the Public-School Teachers Fund. Another such senator, Roland Gutierrez, D-San Antonio, brings bill 140 to the table that essentially offers an alternate way to distribute the money.
Texans for Responsible Marijuana Policy Director Heather Fazio believes that economic factors may also weigh heavily. She thinks that over a billion dollars per budget cycle will be added to the national exchequer. All this can be put to practice by legalizing a product that people are already using. Right now it is largely unregulated and is outside the tax net.
Increased Acceptance in People Regarding Weed Use and Distribution
The suggestions are to be a part of the constitution through amendments. Fazio sees more bipartisan common ground in their efforts related to decriminalization and penalty reduction. Even extremely conservative members like Rep. Steve Toth, R-The Woodlands, wish to reduce the penalty for small-scale possession to a class C misdemeanor. This would make small-scale (under two-ounce) possession ineligible for jail time.
All these movements will allow Texas’ medical cannabis program to grow further. Senator José Menéndez, D-San Antonio, has been a long-standing fan of the medical use of weed. Each time the house was in session since 2015; his SB 90 would allow physicians to prescribe cannabis products to their patients. This is a suggestion for any level of THC concentration, and for whatever diseases that the doctor sees fit. Menéndez believes that his bill will allow a medical doctor the right to decide about what’s the best medical treatment for them.
Medicinal Usage of Weed
Menéndez is vouching for medicinal use of weed. He thinks whoever does abuse the use of weed will continue to do so with or without this legalization. Menéndez further says he wants to open weed usage up for senior citizens and law-abiding citizens who need pain relief. He wants weed legalized for people who wouldn’t dare touch weed except for medicinal purposes.
According to Menéndez, SB 90 could easily pass in both chambers but is unsure about the take of the governor or lieutenant governor on the matter. He expects both to be on the same side as most other Texans, who have vouched for open trade and legalization of weed.
Mexico Takes A Shift to Create World’s Largest Cannabis Market
After the drug war, violence and injustice, finally, Mexico is opening a new gateway to many opportunities. By legalizing the growth of cannabis on its soil, it has proven to provide socio-economic advantages to the State.
Research on Medicinal Cannabis in Mexico
Mexico’s health ministry has published rules and regulations for the growth of medicinal cannabis. It is broadening the horizon of the cannabis market and its related industries as well. The new decree, signed by Andres Manuel, will allow pharmaceutical companies to conduct research on medicinal cannabis and products related to it.
The legalization of cannabis has brought in many other issues under the light. For example, conduction of research of medicinal cannabis under independent laboratories under strictly controlled conditions. The therapeutic value of cannabis is significant.
Foreign state investors show interest in Mexico
Many foreign states like Canada have been looking and aiming to join hands with Mexico. They are looking forward to the trade of medicinal cannabis with a lot of interest. Many of the investors are waiting for the regulations to get finalized and published.
Mexico’s Lawmakers are in the stages of driving the bill to its final stage. It’s likely to take place in the next congress. Also, legalizing the recreational use of marijuana will bring relief to many.
Justice to people of color
It is finally good news for all the people of color who are usually selling and growing marijuana illegally. They have faced a lot of social injustice, and now is the right time for them to grow it. The State even aims to spend the generated revenue on the affected population to eliminate their grievances. The pandemic has already caused a lot of hole in the State budget. The State expects and foresees that the revenue generated from this business can help the State to cover up the loss during the pandemic.
Good news for the drug cartels
Drug cartels working illegally in Mexico for decades can finally aim and work legally in Mexico. They have terrorized the country for years, but now the country looks forward to doing something different. Finally, the drug cartels have won the war on drugs. The country is modernizing its vision of cannabis. Hence, laws have been created and are on its way to implementation for its growth, supply, distribution and consumption.
What to expect?
Currently, in Mexico, one can possess up to five grams of marijuana without any issues like any fines and penalties. Since 2017 medicinal cannabis usage is legalized and benefitting several patients. In an interview, a member of President Andres Manuel Lopez said that we are committed to regulating cannabis. It is the right of the Mexicans. Activists regularly smoke and plant weeds regularly to pressurize lawmakers. Not only this, it seems like that after the legalization of cannabis, Mexico will also take a shift and become the world’s third-largest country for recreational use of cannabis.
It is an approximation that 88 million adults are looking forward to the legalization of recreational use of marijuana in Mexico. The votes of Democrats have won the war on drugs, and it is on the way to legalization. Maritza Perez, director of the office of national affairs at the Drug Policy Alliance, says that Mexico’s legalization will double the number of people who can access marijuana legally. A revolution is yet to come, and yet a lot has to come with its legalization. However, there have been several cases reported because of the drug abuse, but its usage in an inappropriate dosage can lead to a lot of benefits.
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