Marijuana Investment Scams Growing Like Weeds?
Category: News | Posted on Tue, August, 27th 2013 by THCFinder
Wall Street’s industry-funded watchdog, FINRA (Financial Industry Regulatory Authority) warns against investment scams growing like weeds targeted for investors attempting to tap the growing marijuana industry in the US.
If you talk to anyone in the growing and selling medical marijuana, you will hear a lot of talk about risks, and security systems are expensive. It’s difficult to find a bank or insurance, but laws changed at the whim of regulators and legislators. And, because it still remains illegal, federal agents could shut down the operation and put the owners to jail.
Seattle-based Privateer Holdings is the first company to invest openly and raise $7 million from investors in the medical marijuana industry. Nearly 20 states have legalized the use of recreational marijuana for medical use. FINRA said, scammers are misleading investors by boosting thinly traded stocks and sell it to executives with criminal records.
As more states in the US are clearing the way to legalize the use of medical marijuana, the industry could reach up to $9 billion in five years. Marijuana is safe, far less addictive and subject to abuse compare to many drugs used as hypnotics, relaxants, and analgesics, which is one of its greatest advantage. Because of its little effect on major physiological functions, case of lethal overdose was known.
According to The Wall Street Journal Market Watch: The chief legitimate concern is the effect of smoking on the lungs. Cannabis smoke carries more tars and other particulate matter than tobacco smoke. But the amount smoked is much less, especially in medical use, and once marijuana is an openly recognized medicine, solutions may be found such as vaporization, tinctures, extracts and oils. At present, the greatest danger in medical use of marijuana is its illegality, which imposes much anxiety and expense on suffering people, forces them to bargain with illicit drug dealers, and exposes them to the threat of criminal prosecution.
Majority of these marijuana-related companies trades on over-the counter-markets that do not have the reporting requirements and liquidity of Nasdaq and the New York Stock Exchange.
Read more: http://guardianlv.com
Vermont seeks fourth marijuana dispensary
Category: Dispensaries | Posted on Tue, August, 27th 2013 by THCFinder
TERRI HALLENBECK — The deadline is nearing for applications to run the state’s fourth medical marijuana dispensary. If the process goes anything like the first three, it will be something like this:
• It will be long, detailed and not for the faint of heart or the cash poor. Unique issues will arise because dispensaries are in an odd business of legally selling something that is otherwise illegal.
• Though the applicants have to file detailed information about who they are, how they plan to run a dispensary and where they are getting their money, state officials will tell us all very little about any of it, ostensibly to protect patient confidentiality but also because it seems to give them the jitters, what with marijuana being otherwise illegal.
• If and when the dispensary finally opens, it will generate little attention. Just about the only complaints will be that the marijuana is not covered by medical insurance.
In the two months since Shayne Lynn started operating the Champlain Valley Dispensary, he’s learned a lot, attracted more customers than he expected and had no interactions with the local police, he said.
Burlington Police Chief Mike Schirling, who had been worried about having a dispensary in the city, said Monday, “I’m not aware of any issues.”
Lindsay Wells, the state’s marijuana program administrator, said the state has received few complaints about the first dispensaries, and only from patients with concerns about access, not from the general public.
“Some patients didn’t realize it’s not covered by insurance,” Wells said. Others registered complaints about not being able to reach a dispensary, but those issues have been resolved, she said.
Lynn thought he’d have about 75 clients by now. He has 175. “People had been waiting for this,” he said. “We didn’t realize how anxious people are to have this. People say, ‘My God, this is such a relief.’”
Read more: http://www.burlingtonfreepress.com
Sour Diesel Weed
Category: Nugs | Posted on Tue, August, 27th 2013 by THCFinder
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