How To Sell Medical Marijuana Legally, In Four Inconvenient Steps
Category: Medical Marijuana | Posted on Wed, December, 5th 2012 by THCFinder
On our show yesterday, we talked with John Davis, who runs a legal medical marijuana business in Washington state. He described one of the big hurdles of starting a legal marijuana business: It's really hard to get a bank account.
His story reveals not only the gray area the marijuana business still inhabits (it's still illegal under federal law), but also just how hard it is to run a small business without a bank.
Here are four key steps Davis recommends, based on his own experience:
1. Buy three safes. One for "bulk product," one for "inventoried, ready-for-sale product," and one for cash. "If you put your cash in with the cannabis, it will end up smelling like cannabis, and when you go down to the bank, I guarantee you're going to have a talk with the manager of that bank."
2. Get an ATM — and be prepared to stock it with cash yourself. Credit card companies may not want to do business with you. Same goes for the companies that run ATMs in small businesses. "The companies that traditionally maintain ATMs will not stock your cash," Davis says. "Why? Because it's possible that the federal government will come, break down the door and take that cash."
3. Find angel investors. No bank is going to give you a loan to start a weed shop, even if it's legal.
4. Create a shell company. Banks don't want to do business with weed shops. But they don't mind opening accounts for legal corporations whose business dealings are vague. "I had to be colorful with the way that I opened my account," Davis said. "I don't feel great about having to toy with the truth, but it's essential for me to have banking. I'm a business."
Check out http://www.start-a-dispensary.com/ for more information on starting a Legal Medical Marijuana Dispensary
What's your favorite strain to Medicate with?
Category: Medical Marijuana | Posted on Tue, December, 4th 2012 by THCFinder
Doctor says marijuana reduced infant's brain tumor, should be used for children
Category: Medical Marijuana | Posted on Mon, December, 3rd 2012 by THCFinder
According to the Huffington Post on Dec. 1, a formerly skeptical doctor says medical marijuana should be a part of a pediatrician's arsenal to help children after he witnessed a remarkable reduction in a baby's brain tumor.
Dr. William Courtney, a former skeptic, has drastically changed his tune after he witnessed the effects of marijuana treatment on an 8-month-old patient. Dr. Courtney said that the baby had a "very massive centrally located inoperable brain tumor." The child's father wanted non-traditional treatment.
"They were putting cannabinoid oil on the baby's pacifier twice a day, increasing the dose... And within two months there was a dramatic reduction, enough that the pediatric oncologist allowed them to go ahead with not pursuing traditional therapy."
After eight months of treatment, the tumor was greatly reduced in size. Dr. Courtney says that because of the cannabis treatment and the excellent results, "This child is not going to have the long-term side effects that would come from a very high dose of chemotherapy or radiation."
The child is being called a miracle baby. Dr. Courtney further stated, "I would have to agree that this is the perfect response that we should be insisting is front line therapy for all children before they launch off on all medications that have horrific long term side effects."
N. J. patients hopeful the last hurdle has been cleared for medical marijuana
Category: Medical Marijuana | Posted on Wed, November, 28th 2012 by THCFinder
New Jersey health officials were upbeat on the day they announced that they were creating a long-awaited patient registry allowing seriously ill people to receive medical marijuana.
Within a couple of weeks, they predicted, eligible patients would be able to buy marijuana from the state's first dispensary, Greenleaf Compassion Center.
That was more than three months ago.
Patients say they have encountered mostly silence since then as they have waited anxiously for the call saying the nonprofit dispensary in Montclair, Essex County, is open for business.
While medical marijuana became legal in New Jersey in January 2010, the program has been set back by a series of delays, leaving patients on an emotional roller-coaster. The most recent delay was caused by confusion over whether marijuana sales should be taxed. After at least two weeks of discussions among various state officials, the Treasury Department decided Tuesday that the drug will be subject to the state's 7 percent sales tax.
For many patients, the last 90 days of waiting have been especially trying. They paid their $200 registration fee in August; their photo IDs arrived the next month by FedEx; and then, silence.
When they called the Health Department and Greenleaf, they couldn't get a clear answer on when the drug would be available, patients said.
State officials told them to await a call from Greenleaf with an appointment date; Greenleaf told them the state was still testing the marijuana plants and it did not know when it could dispense the drug.
Meanwhile, Greenleaf's website went blank, with visitors told only that it was "Temporarily Down for Maintenance." Its Facebook page also was stripped of the hundreds of postings and exchanges among patients who had eagerly shared their stories and concerns.
Read more: http://www.philly.com
Oregon girl, 7, is medical marijuana patient
Category: Medical Marijuana | Posted on Mon, November, 26th 2012 by THCFinder
PORTLAND, Ore. - A 7-year-old girl suffering from leukemia has become one of Oregon's youngest medical marijuana patients.
Mykayla Comstock's mother credits the drug with helping put the cancer into remission.
But her father, worried about the effects of the drug on her brain development, alerted child welfare officials to the treatment.
Mykayla was diagnosed with leukemia last spring and the marijuana eases the effects of chemotherapy, according to her mother. The girl takes a gram of cannabis oil daily, The Oregonian reported.
"First you get hungry," Mykayla told the paper. "Then you get really funny, and then you get tired."
Her mother, Erin Purchase, 25, administers Mykayla's cannabis with the help of her boyfriend.
Mykayla's mother credits the drug for the leukemia's remission.
"As a mother, I am going to try anything before she can potentially fall on the other side," said Erin Purchase, 25, who administers Mykayla's cannabis together with her boyfriend.
Mykayla's father, who is divorced from the girl's mother and lives in North Dakota, contacted child welfare officials, police and her oncologist.
Jesse Comstock said his concerns were prompted by a visit with Mykayla in August.
"She was stoned out of her mind," said Comstock, 26. "All she wanted to do was lay on the bed and play video games."
Comstock pays child support to Purchase and covers Mykayla's health insurance, the paper reported.
Oregon law requires no monitoring of a child's medical marijuana use by a pediatrician.
Medical marijuana proponents in New York renew push for legalization
Category: Medical Marijuana | Posted on Mon, November, 26th 2012 by THCFinder
ALBANY — Medical marijuana could blunt the pain of New York’s budget crunch.
Proponents of pot as a medicine have renewed their push for legalization, arguing that licensing fees and taxes could generate hundreds of millions of dollars a year in new revenues for the cash-strapped state.
“There is a huge amount of revenue here,” said state Sen. Diane Savino (D-Staten Island) who hopes to make New York the 18th state to legalize medical marijuana.
The high-minded talk comes as the state is reeling from Hurricane Sandy bills — and as the pot industry has hired one of the most powerful lobbying firms in Albany to define the issue as a budding financial opportunity.
“It has real economic impact,” said Patrick McCarthy, of the firm Patricia Lynch Associates.
The firm controlled by Pat Lynch, a former top aide to Assembly Speaker Sheldon Silver, was hired by Colorado-based marijuana company, Gaia Plant Based Medicine, to press lawmakers and Gov. Cuomo.
But the governor has offered only toking opposition.
“I understand the benefits, but there are also risks, and I think the risks outweigh the benefits at this point,” Cuomo said earlier this year, even as he warned that Hurricane Sandy could add $1 billion to the state’s budget deficit this year alone.
Cuomo said more research is needed to prove that legalizing medical marijuana will help people with problems such as cancer and multiple sclerosis, yet not increase drug abuse and criminal activity.
And the state’s influential Conservative Party called legalization of medical marijuana “a horrible idea.”
“It sends a wrong message to the youth of the state, and that’s more important than any amount of revenue the state would take in,” said party Chairman Mike Long.
The movement to legalize the once-demonized plant for medical use has spread like a weed in recent years.
Read more: http://www.nydailynews.com
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