Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Marijuana Businesses in U.S. Brace for Investment Chill

Translator

Editor

5 January 2018 08:34 WIB

Hawaii has approved its first laboratory to begin testing samples of medical marijuana. AP

TEMPO.CONew York - Cannabis businesses across the United States said they are bracing for an investment slowdown following the U.S. Justice Department`s Thursday directive that will allow the enforcement of federal marijuana laws in states that have legalized the drug.


U.S. Attorney General Jeff Sessions announced that the Justice Department was rescinding an Obama-era policy that eased enforcement of federal marijuana laws amid a wave of legalization in states from Alaska to Pennsylvania.

"In the short term, this news will further scare away investors which will, in turn, slow down cannabis entrepreneurship,” said Nicolas Ruiz, co-founder of Cloudponics, a San Francisco startup that makes technology which can be used to grow marijuana.

Marijuana legalization has spurred new businesses from growers to retailers, delivery services, providers of supplies and technology startups serving the industry.

Lawmakers from U.S. states that have legalized marijuana, including California and Colorado, denounced the directive, vowing to enforce their laws and protect the burgeoning cannabis industry.

Read: Man Sentenced to 8 Months in Jail for Growing Medical Marijuana

"In California, we decided it was best to regulate, not criminalize, cannabis," said California Attorney General Xavier Becerra. "Unlike others, we embrace, not fear, change."

The shift in policy comes just three days after California launched the world's largest regulated commercial market for recreational marijuana.

Funding for cannabis startups has surged since Colorado's legalization of recreational marijuana use in 2014. Since then, the industry has seen nearly $1.3 billion in equity funding, with more than $600 million in 2017 alone, according to research firm CB Insights.

"While it's unclear if this directive is going to directly impact cannabis funding itself, it demonstrates that the spaceis still very uncertain from a regulatory standpoint,” said Nikhil Krishnan, a senior intelligence analyst for CB Insights. “That uncertainty alone makes many investors uncomfortable and can hamper a company operating in the space."

Investors and entrepreneurs point to the industry’s momentum as a reason for remaining bullish on the sector’s prospects.

“The train has already left the station,” said Jonathan Rubin, chief executive of New Leaf Data Services in Stamford, Connecticut, forecasting a backlash from voters, patients and politicians. New Leaf runs a data and pricing service for cannabis clients.

Others say the directive has them concerned.

Still, Mike Kramer, CEO of 420Blockchain, a Boca Raton, Florida, a startup whose technology lets cannabis companies track their supply chain, said the industry was concerned, if determined. “We’re going to be resilient,” he said.

Steve DeAngelo, executive director of Oakland, California, dispensary Harborside, said he has no plans to change his operations nor does he expect the Justice Department directive to impact his business, which begin selling recreational marijuana this week.

“Every day, I instruct my employees to scrupulously observe California’s laws and regulations regarding cannabis,” DeAngelo said. “We did that yesterday, we are doing that today, and we will continue to do it tomorrow and well into the future.”

REUTERS



3 Suspected Drug Traffickers Nabbed in West Aceh's Meulaboh

26 hari lalu

3 Suspected Drug Traffickers Nabbed in West Aceh's Meulaboh

West Aceh police have arrested three suspected drug traffickers with 40 packs of dried marijuana that they attempted to sell in Meulaboh city, Aceh.


Thailand to Ban Recreational Cannabis Use by Year-end

29 hari lalu

Thailand to Ban Recreational Cannabis Use by Year-end

Thailand will ban the recreational use of marijuana by the end of this year but continue to allow its use for medical purposes.


Soekarno-Hatta Airport Customs Thwart 3,106 grams of Marijuana Smuggling Attempt

30 hari lalu

Soekarno-Hatta Airport Customs Thwart 3,106 grams of Marijuana Smuggling Attempt

Soekarno-Hatta Customs and Excise officers thwarted two attempts to send marijuana or weed from the United States to Indonesia.


Police Find Hydroponic Marijuana Plant Grown in a Closet in West Jakarta

5 Agustus 2023

Police Find Hydroponic Marijuana Plant Grown in a Closet in West Jakarta

West Jakarta Police arrested a woman who planted Cannabis or marijuana plants in a hydroponic method and put them inside a closet.


First Legal Marijuana Shop in New York Opens

30 Desember 2022

First Legal Marijuana Shop in New York Opens

The first licensed marijuana store in New York opened on Thursday, Dec. 29, more than a year after the state legalized the drug.


3 Drug Dealers Busted for Supplying 112 Kilograms of Marijuana for New Year's Eve

3 November 2022

3 Drug Dealers Busted for Supplying 112 Kilograms of Marijuana for New Year's Eve

Police said that a number marijuana dealers from the Java-Sumatra network have been arrested.


Indonesian Police Arrest 3 for Attempting to Deliver 112kg Marijuana; One Still a Teenager

2 November 2022

Indonesian Police Arrest 3 for Attempting to Deliver 112kg Marijuana; One Still a Teenager

The Police's Narcotics Investigation Directorate has foiled an attempted shipment of 112 kilograms of marijuana from North Sumatra to Jakarta.


Police Foil Attempt of 304kg Drug Smuggling in Vegetable Truck

17 September 2022

Police Foil Attempt of 304kg Drug Smuggling in Vegetable Truck

Four perpetrators are arrested in the drug smuggling attempt.


Malaysia Aims to Learn from Thailand in Push for Medical Use of Cannabis

17 Agustus 2022

Malaysia Aims to Learn from Thailand in Push for Medical Use of Cannabis

Malaysia plans to learn from the cannabis policy of neighboring Thailand in its effort to legalize the use of the drug for medical purposes.


Constitutional Court Urges Govt to Conduct Study on Medical Marijuana

20 Juli 2022

Constitutional Court Urges Govt to Conduct Study on Medical Marijuana

The Constitutional Court urged the government to immediately conduct scientific studies on the medical use of type-1 narcotics, such as marijuana.