Big Pot: the California Democratic party added marijuana legalisation to its party platform - "Earlier this year Founders Fund, a venture capital firm co-founded by Peter Thiel, led a $75m investment round into Privateer, a private equity group focused on cannabis. It is the biggest single investment in the US cannabis industry to date: 'What Privateer is doing is looking like a Procter & Gamble or a Coca-Cola approach. The real value in the market is going to be having the Coke-calibre brand...' Meanwhile, a distinctly California-style backlash is already growing [and] the US has become an exporter of illegal cannabis to Mexico, as cultivation in the US has increased." [more inside]
Saving Mexico "To weaken the cartels, some argue the U.S. should legalize marijuana, let cocaine pass through the Caribbean and take the profit motive out of the drug trade."
Thirty-six years after the National Commission on Marihuana and Drug Abuse recommended that "simple possession" of pot be decriminalised, Rep. Barney Frank (D-Mass.) has introduced a bill, co-sponsored by Rep. Ron Paul (R-Texas), to remove federal criminal penalties for possession of up to 100 grams (about three-and-a-half ounces) of marijuana and the not-for-profit transfer of up to one ounce (28.3 grams). Drug reform advocates
lit up hailed the legislation as "an important step toward bringing federal law into line with scientific fact, practical reality and public opinion." Is America, at long last, having a collective moment of sanity?