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Cannabis Industry Matures: Angel Investor Network Launched

Category: News | Posted on Fri, March, 25th 2011 by THCFinder
Today, on the heels of the release of the first U.S. market data report putting the size of the domestic medical marijuana market at $1.7 billion, The ArcView Group announced the formation of the cannabis industry's first angel investment network. The ArcView Angel Network will facilitate seed and early stage investment in federally legal enterprises within the medical cannabis industry, and will host the Cannabis Investment Forum Series (CIF), a groundbreaking series of events exclusively for the top ancillary cannabis business entrepreneurs and qualified investors.
 
"Extraordinary rewards await investors with the courage and vision to be a part of building the new cannabis industry," said ArcView Group President, Stephen DeAngelo, also Executive Director of Harborside Health Center - the nation's largest model medical cannabis collective. "The ArcView Angel Network will open the door to the most promising business opportunities.
 
"There are many interested investors and investment-worthy entrepreneurs in the cannabis sector. But so far, that has not resulted in much investment. The lack of market data, industry knowledge and access to opportunities contributed to investor's perception of unacceptable risk.
 

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San Jose 420 Evaluations Outlines Usefulness in Treating Chronic Pain

Category: Culture | Posted on Fri, March, 25th 2011 by THCFinder
Medical marijuana advocates have known for a long time that cannabis is an effective treatment for their patients who suffer from chronic pain, and recently released scientific studies from UC San Diego's Center for Medical Cannabis Research support this claim with solid evidence. San Jose 420 Evaluations, a medical marijuana dispensary, explains chronic pain and the various recent studies' conclusions about how marijuana helps alleviate its symptoms.
 
Pain, a signal from the nervous system to the brain that alerts it to possible injury, can be very useful. Chronic pain, wherein according to the National Institute for Health, "pain signals keep firing in the nervous system for weeks, months, even years," can cause terrible suffering in people's daily lives. According to the American Pain Foundation, 50 million Americans suffer from persistent pain each year, causing sleep difficulties, absenteeism at work, social effects and other related hardships. According to an article in TIME Magazine, $50 billion is spent on it annually in this country. Chronic pain may result from an injury, come with age, or be associated with other ailments.
 
The National Pain Foundation explains that the human body contains cannaboid receptors in the brain, spinal cord and immune system. Cannaboids, including tetrahydrocannabinol (THC), a chemical compound found in marijuana, react with the cannaboid receptors to alleviate symptoms of pain.
 
Recent controlled studies have demonstrated marijuana's effectiveness on treating chronic pain associated with a number of other diseases. UC San Diego's Center for Medicinal Cannabis Research found that, among other things, 
 
Marijuana helps neuropathic pain that is unaffected by aspirin and fairly resistant to opiods.
 
 HIV patients with neuropathic pain showed a 34% reduction in reported pain when they smoked 3 marijuana cigarettes per day, as opposed to 17% in the control group.
 
Another study found that two groups of patients suffering pain associated with a variety of other ailments experienced a 46% pain decrease when they smoked, compared with 27% in the control group.
Spasms and pain related to Multiple Sclerosis were reduced by 32% and 50%, respectively, compared with 2% and 22% in the control subjects.
 
Prescription pain killers can have many undesirable side effects including constipation, drowsiness, dizziness, confusion, and lowered sex drive, not to mention tolerance and addiction. Side effects of marijuana tend to be much milder, if present at all.
 
 

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Whoopi Goldberg Confesses To Smoking Cannabis Before Winning Oscar

Category: Celebrities | Posted on Thu, March, 24th 2011 by THCFinder
Whoopi Goldberg has confessed to smoking cannabis before she accepteed her Oscar in 1991 for 'Best Supporting Actress' for her performance in 'Ghost'.
 
The 55-year-old actress claims that she was high when she accepted the award from Denzel Washing for her role in the film in which she starred as Oda Mae Brown opposite the late Patrick Swayze and Demi Moore.
 
The actress and host of 'The View', she said: "I learned a great lesson though. Never smoke pot before there's the possibility of having to talk to one hundred million people. Smoking cigarettes and pot every now and then are my habits and I thought, 'I've got to relax.'
 
"So I smoked this joint that was the last of my home grown and honey, when he said my name and I popped up, I was like, 'Oh f**k, oh f**k, up the stairs one two three four five, onto the podium. There's millions of people, OK grab the statue.' I knew I should have never had done it."
 
"So I panicked and got the Oscars tape to see whether you could tell and you just couldn't. I know you're not supposed to admit that you smoke pot but I don't drink alcohol!"
 

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MARYLAND: Senate approves defense for medical marijuana use

Category: Medical Marijuana | Posted on Thu, March, 24th 2011 by THCFinder
ANNAPOLIS — Maryland residents who can prove they have a doctor's approval to use marijuana for medical reasons would have a new defense to avoid a $100 fine and a misdemeanor conviction under a measure approved 41-6 by the Maryland Senate on Thursday.
 
Under current law, a person who uses marijuana for medical reasons can be charged with a misdemeanor and fined $100 in Maryland.
 
"What we've done is we're going to say we're going to give you a complete defense, an affirmative defense, where you have to prove by clear and convincing evidence that you were using it for medicinal purposes," said Sen. Jamie Raskin, D-Montgomery.
 
The Senate bill was changed this month, after legislation that would have created a state-run production and distribution system for medical marijuana stalled in the House of Delegates.
 
Caren Woodson, a spokeswoman for the country's largest medical marijuana advocacy group, said Americans for Safe Access backed the bill as a step forward.
 
"It's not ideal, but the bill will help patients avoid what is now a guaranteed conviction if arrested," Woodson said in a statement.
 

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Medical Marijuana Sales Set To Rival Viagra This Year

Category: Medical Marijuana | Posted on Thu, March, 24th 2011 by THCFinder
Born in California in 1996, medical marijuana has grown from a baby bud to a full-blown industry flower that has blossomed across the nation.
Legal in 15 states, medical pot sales this year are projected to reach $1.7 billion, according to the self-proclaimed "first ever investor-grade analysis of the medical marijuana markets" released this week.
 
That number nears the $1.9 billion annual sales number for Viagra.
 
Not that the comparison is fair: Viagra gets you up. For many, marijuana is a pain killer and, arguably, a depressant.
 
Still, the report, The State of the Medical Marijuana Markets 2011, makes it sound like we're all in on the ground floor of a green rush. (Where do we sign up?).
 
"We're witnessing the beginning of a legal business ecosystem forming around medical marijuana," the report's editor, Ted Rose, told reporters.
 
Medical marijuana markets are rapidly growing across the country and will reach $1.7 billion this year. We undertook this effort because we noticed a dearth of reliable market information about this politically charged business.
 

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Cannabis-Based Drug Awaits Approval in Scotland

Category: Culture | Posted on Thu, March, 24th 2011 by THCFinder

Scottish patients and doctors are anxiously awaiting the decision of whether or not a cannabis-based drug will be approved for use to treat patients. The drug, called Sativex, is a mouth spray that would help relieve problems associated with multiple sclerosis like aching spasms and other mobility issues. The drug was developed by doctors after some people broke the law to obtain the drug in an effort to relieve their symptoms.

Scotland, which has more than 10,000 sufferers of MS, making it one of the highest in the world, faces opposition on both sides of the argument. For example, Dr. Jayne Spink of the MS Society said that the new drug has gone through plenty of testing and has been helpful to MS patients who haven’t responded will to other types of treatments. “We think the treatment should be available to anyone who needs it”, she said.

On the other hand, people like Michael Morgan, husband of an MS sufferer, who believes that the decision in favor of the drug would be nothing more than a soul-destroying decline. “There are hard-working chemists out there creating ways to help people like Michelle, only to have their methods squashed by bureaucrats”, he said. “What hope can we have that other new treatments for MS – like stem cell research – won’t be blocked too? We’re just clutching at straws”.

No one knows exactly when the decision will be made, but Dr. Simon Fletcher said there was not yet enough evidence supporting the drug.

(Source)


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