A new report finds legal marijuana has been good for Colorado's economy, the White House announces President Obama will sign CARA, and more.
Report Finds Legal Marijuana Bolstering Retail, Manufacturing in Colorado. In a new report, the University of Colorado Leeds School of Business finds that the state's marijuana industry is bumping up retail sales and hiring in manufacturing. Recreational cannabis sales began in 2014. That year, "We had a 3.5% increase in employment. In 2015, a 4.9% increase in food-manufacturing employment," the report said. "The data doesn't allow us to slice and dice to say, 'These are indeed edibles or not,' but the recognition is this is where they would be classified." Likewise, chemical manufacturing jobs vanished at a rate of 2.2% a year from 2002 to 2012, but increased 2.1% in 2013, 1.4% in 2014, and 3.9% last year. Chemical manufacturing includes producing cannabis oils.
Heroin and Prescription Opioids
Obama Will Sign Opioids Bill Despite Lack of Funding. President Obama will sign into law the Comprehensive Addiction and Recovery Act (S. 524) even though Congress failed to adequately fund it, the White House said Wednesday. The bill "falls far short" of necessary funding, but Obama will sign it "because some action is better than none." More funds could be appropriated in the future, but that's by no means a done deal.
International
Peru Takes Aim at Coca Cultivation in the VRAEM. The country's anti-drug agency, DEVIDA, said Thursday in is ready to eradicate coca plants in the remote and lawless Valleys of the Rio, Apurimac, and Mantaro Rivers (VRAEM) region of south-central Peru. The government has held off on eradication in the region, a major coca producer and home to a remnant of the Shining Path rebels. About three-quarters of the country's coca is grown there, and DEVIDA is ready to go after it. "Today I can say that the conditions are now entirely there for a drastic reduction in the coverage of coca in the VRAEM," Devida chief Alberto Otarola said in a news conference. "No part of Peru should be exempt from the rule of law."
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Peru and cocaine
Peru
Media Bias
The economic success spawned by legalization, should be a huge story. With the economy and job creation as the leading issues for the Presidential candidates, you would think the media would raise these subjects with Trump and Clinton. What's even more frustrating is the void of coverage that the feds still deny pot businesses access to credit making them vulnerable to robberies. Legal pot is a huge threat to the alcohol industry, who have openly funded initiatives to suppress and limit marijuana businesses and spend hundred of millions on TV ads. That kind of clout buys a lot of influence to stifle any product competition.
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