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It could be a rare chance for ordinary investors to buy into the Green Rush.

Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.

Innovative Industrial Properties, a cannabis Real Estate Investment Trust (REIT), filed to go public on the New York Stock Exchange. Led by experienced real estate executives, it plans to sell $175M worth of shares. The deal is the first of its kind.

The marijuana legalization initiative that will be on the November ballot in California is a disappointment to many in the cannabis decriminalization movement. California NORML, the granddaddy of political pot groups, has not fully endorsed it.

These critics say that Proposition 64, which will allow Californians 21 and older to possess up to one ounce of marijuana, is about as conservative as it could be without defeating the very purpose of legalization, which is allowing folks to enjoy weed without fear of arrest.

Cannabis Defense Coalition

​Seattle-based medical marijuana patient advocacy group the Cannabis Defense Coalition (CDC) has expressed serious concerns about Senate Bill 6265, currently in the Washington state Legislature.
A internal email sent to CDC members on Tuesday, February 7, outlined the group’s five biggest concerns with SB 6265 thusly:
1. Giving too much for too little
“SB 6265 would legalize a limited number of medical cannabis access points in a limited number of jurisdictions, but it will come at great cost to the Washington State medical cannabis community,” CDC said. “Governor Gregoire — whose partial veto last year put an end to the ‘designated provider model’ under which most access points were operating — has set boundaries on any medical cannabis bill she is to sign, and SB 6265 represents what is acceptable to her.
“The bill would provide broad authority to local counties, cities and towns to regulate medical cannabis collective gardens and access points through zoning, taxation, licensing, health and safety requirements, etc.,” the email said. “This will allow pot-friendly jurisdictions like Seattle and Tacoma to license, tax and regulate the medical cannabis businesses which have sprouted up in their midst, and over which they have uncertain authority.”

AFP/Sonny Tumbelaka
Australia’s ambassador to Indonesia, Greg Moriarty, has been working to secure the release of the 14-year-old boy who was arrested for marijuana, among huge media interest

​The arrest of a 14-year-old Australian boy in Bali for marijuana possession has created a media firestorm. The boy will likely be held in “drug rehabilitation” for up to another month while he waits to learn how and when he will go to trial.

The Australian ambassador to Indonesia said the case is his “top priority,” reports The Conversation, and even Australia’s Prime Minister Julia Gillard telephoned the teen in prison on Sunday, assuring him “everything is being done” to secure his release.