Medical Marijuana

Investing in Medical Marijuana

Category: Medical Marijuana | Posted on Tue, February, 22nd 2011 by THCFinder


Last year sales of medical marijuana in California exceeded $1.3 billion, which was roughly 9% of the estimated $14 billion in revenue from all pot sales in the state. This percentage is quickly getting larger in a market that continues to grow. Assuming the overall market reaches $16 billion in 2014, while the medical marijuana percentage grows to 15%, California medical cannabis will represent a $2.4 billion industry in two years.




A feature article in Mother Jones Magazine, reads, “In many respects, the semi-legit marijuana market resembles the early days of the internet bubble, where start-ups helmed by young entrepreneurs with risky business plans sought venture capital and dreamed of stock offerings. Where dot-coms had server farms, the pot-coms have high-tech ‘grow ops’ indoor farms of wires, fans, and coiled air ducts that keep genetically selected, cloned pot plants growing 24/7.”


House votes to nullify Missoula County’s marijuana initiative

Category: Medical Marijuana | Posted on Tue, February, 22nd 2011 by THCFinder

The Montana House voted 68-31 Tuesday to prohibit local initiatives to set law enforcement priorities, an act that would overturn Missoula County's 2006 voter-approved measure to make marijuana enforcement the county's lowest priority.

The bill faces a final House vote before heading to the Senate.

House Bill 391, by Rep. Tom Berry, R-Roundup, also would prevent other local initiatives elsewhere from setting law enforcement priorities.

Berry said he introduced the bill at the request of Missoula County Attorney Fred Van Valkenburg, with whom he served on a group. Van Valkenburg testified before a legislative committee that he has tried to make the initiative work but feels torn between the wishes of Missoula County residents and his obligation to enforce state laws.

His concern is having a hodgepodge of locally enacted initiatives throughout the state to set local their law enforcement agencies' priorities, Berry said.

"Next thing you know, it ends up chaos," he said.

County attorneys and law enforcement officials don't know which state laws to enforce, Berry said.

"State law is state law," he said. "If you don't like state law, come here and change it."

Rep. Dick Barrett, D-Missoula, opposed the bill. He said there's nothing wrong with local citizens deciding on what the most and least important priorities are for their local authorities.

"There's nothing wrong with the citizenry of the local area deciding what is most important and what is least important in terms of what their local law enforcement agencies do," he said. "What people of Missoula decided was there were other things that were more important to them. Maybe that's enforcing DUI laws, or dealing with domestic abuse or dealing with other kinds of crimes."

Rep. Steve Lavin, R-Kalispell, opposed this bill.

"This is an attempt by local people to go around the law," the Highway Patrol officer said.

He said there should be consistent laws statewide both for citizens to observe and police and sheriff's departments to enforce.

HB391 is one of two bills targeted at undoing or repealing actions taken by Missoula County voters or the Missoula City Council.

The other is HB516, by Rep. Kristin Hansen, R-Havre, which prohibits local governments from enacting ordinances that say it's illegal to discriminate against people based on their sexual orientation and gender, as the cities of Missoula did through an ordinance and Bozeman did through a policy.



Cannabis Science Extracts Kill Cancer Cells In Cancer Patients

Category: Medical Marijuana | Posted on Tue, February, 22nd 2011 by THCFinder
DENVER--(BUSINESS WIRE)--Cannabis Science, Inc. (OTCBB: CBIS) a pioneering U.S. biotech company developing pharmaceutical cannabis (marijuana derivative) products, is pleased to announce that numerous patients are reporting that Cannabis Science extract treatments are killing cancer cells. Cannabis Science, in conjunction with Rockbrook, its Colorado-licensed dispensary, consulted with a variety of cancer patients who were seeking to inform themselves of the current peer reviewed scientific literature, regarding the historical use of cannabis to treat "tumors”. Unlike most conventional cancer treatments, cannabis has an outstanding safety profile, and patients in states with medical marijuana laws are able to make an informed decision to legally try various cannabis preparations to determine what is most effective for their particular condition.
Some of these scientifically informed patients have chosen to self-administer Cannabis Science extracts supplied by Rockbrook to treat their own cancers. Cannabis Science is delighted that patients are reporting dramatic improvements in their conditions, including basal cell carcinoma, non-small cell lung cancer accompanied by COPD (chronic obstructive pulmonary disease), ovarian cancer, and glioma.
For example, a patient with basal cell carcinoma used a topical formulation to dramatically and rapidly eliminate her obvious skin cancer. Meanwhile, patients with internal tumors used oral formulations for their treatment. We currently await more complete clinical evaluations of the patients’ own reports of dramatic health improvements coincident with tumor shrinkage and disappearance.
Dr. Robert J. Melamede, the CEO and President of Cannabis Science Inc., stated, "We will pursue and acquire intra-state generated data to make these cancer medicines available to the public at large as rapidly as possible. To accomplish this goal, we will seek accelerated FDA approval. We are on the verge of a revolution in medicine. Cannabis is now returning to modern medicine for all the right reasons. State generated results give us a unique ability to acquire scientific and clinical data for cannabis-based cancer treatments. As previously announced, we will use our new laboratory facility to house analytical instrumentation, tissue culture, clean rooms and additional necessary equipment. This facility will meet or exceed all federal, state, and local requirements to allow for the necessary for FDA clinical trials.”
Cannabis Science expects to hold a press conference soon to formally announce its cancer formulation progress and future plans for cancer treatments. Brand names for our new cancer treatment drugs are currently being vetted through the company attorney for future commercial use.


L.A. Times Passes on City Medical Marijuana Tax

Category: Medical Marijuana | Posted on Mon, February, 21st 2011 by THCFinder

‚ÄčAnd you say we're the party poopers when it comes to coverage of L.A.'s marijuana scene?

Take a look at Sunday's Los Angeles Times. The paper's dead against the March 8 ballot measure that would let the city tax medical pot shops. Just say no, argues the Times. Why?

Whew. Hold on to your bongs, stoners. The paper calls the state's medical-weed business ...

... a "quasi-legal industry."

That's right. The Times states:

"Getting in bed with a quasi-legal industry has drawbacks. If city government became reliant on tax revenue from medical marijuana sellers, city officials would be less likely to pass ordinances restricting their operations and police would be less inclined to raid their establishments to check whether they're really running on a nonprofit basis. A decrease in such scrutiny would encourage more illegal for-profit dispensaries, which draw other kinds of crime."

Again, that's the Times, not us. Send your hate email their way.

The paper notes that Jerry Brown, as attorney general, argued that state law says medical marijuana dispensaries must be nonprofit and supplied by members (and not by cartels and gang-driven grow houses).

Now, say what you will about pot shops, but you know and I know that grandma isn't sharing her backyard bud with friends at a nonprofit rate here.

What's more, many dispensaries, if not most, refuse to even register with the IRS as nonprofits for fear of running afoul of federal law that says there's no such thing as medical weed.

The L.A. City Attorney says taxing pot shops, then, would be illegal, particularly if they're running as for-profits.

What do you think? Yes to taxing weed? Measure M would let the city take home $50 for every $1,000 in pot-shop sales.



Bill would help employers deal with medical-pot law

Category: Medical Marijuana | Posted on Sat, February, 19th 2011 by THCFinder

PHOENIX - Now that Arizona voters have approved the use of medical marijuana, employers need new ways to deal with employees who are impaired for any reason, a state lawmaker says.

"Employers were left with their hands tied because they didn't know what to do when it came to dealing with impaired workers who came to the workplace," Rep. Kimberly Yee, R-Phoenix, told the House Committee on Employment and Regulatory Affairs this week.

Yee authored a bill, HB 2541, that would give employers the right to reassign or put on leave someone who works in a "safety-sensitive" position if they have a "good-faith belief" that person has used or intends to use a legal or illegal drug that causes impairment.

This judgment could be based on a drug test, though the bill's definitions of good faith include observed conduct, lawful video surveillance or "information reported by a person believed to be reliable."

Businesses would have immunity from litigation when taking any action covered by the measure.

The committee endorsed the bill on a 6-2 vote despite concerns raised by dissenters, and even some who voted in favor, that the bill could grant employers too much power at the expense of employees' rights.

Rep. Sally Gonzales, D-Tucson, who dissented, called the measure overly broad. "I believe it gives too much power to employers and not enough to the employee," she said.

Rep. Daniel Patterson, D-Tucson, who also dissented, objected to the language shielding employers from litigation. "I think we should only be doing that in very limited circumstances," he said.

David A. Seldon, an attorney who crafted the bill on behalf of the Arizona Chamber of Commerce and Industry, said the measure is necessary for employers who want to make sure workplaces are safe and also comply with the medical marijuana law.

"Before, most employers who had a drug policy would have a no-tolerance policy, so if someone tested positive, that was all they needed," Seldon said. "Now, with the medical marijuana act, there's a new increase in terms of impairment, so we needed some tools to look at employees who were on the job who were behaving in a manner that would suggest impairment."

The committee's chairman, Rep. Bob Robson, R-Chandler, said he's worried about the bill's immunity guarantees for employers, but that it's important to help employers deal with a complicated situation.

"I think, with all things said, this creates an understanding between employer and employee of what is right and wrong," he said.



Augusta Man Facing Jail Time After Medical Marijuana Rule Change

Category: Medical Marijuana | Posted on Sat, February, 19th 2011 by THCFinder

Augusta - An Augusta man could be headed to jail because he didn't have the proper paperwork from the state in order to have medical marijuana.

The problem stems from a change in the law that took effect January 1st.

Last November, Beau Cornish was diagnosed with debilitating diseases that brought him to Maine Integrative Healthcare in Hallowell.

A doctor told him his conditions made him eligible, under Maine law, to use medical marijuana to treat his chronic back pain and hepatitis C. "He told me I was legal to grow 99 plants, 6 budding, 2 1/2 ounces on my person at any one time and I went home," Cornish says.

Cornish is also on probation in Kennebec County. He told his probation officer about the marijuana he had growing in his home and showed him the note from his doctor. But in January, the law changed. Cornish needed a registry identification card from the Department of Health and Human Services. He says his doctor told him something different. "They informed me that I was still under the Maine law and the state police were still recognizing these forms until I got my medical marijuana card."

DHHS officials say that's not true. "Law enforcement officers were advised to go with soft gloves if they found someone with medical marijuana who claimed they had submitted their application to us," says Cynthia Cobb, Director of Licensing and Regulatory Services at DHHS.

Cornish had not submitted his application before January 7th, the day Kennebec County Sheriff's deputies came knocking. "They searched my whole place, tore everything apart," Cornish says. "I showed them the grow room. They went into the room. I heard some plastic ripping and thrashing around in there."

Cornish was charged with numerous drug offenses. Cynthia Cobb says without having even applied for his registry identification card from the state of Maine the law is simple. "Your breaking the law," Cobb says. "And one of the things I keep emphasizing is the letter from the physician is not a prescription. The letter from the physician is an authorization to use medical marijuana."

Cornish's lawyer advised him to plead guilty and enter a program that would most likely spare him jail time, but he wants a jury to decide his fate. "If they feel that I was growing it without the correct medical ailments or if I was illegally growing it without the correct medical ailments or if I was illegally growing it altogether then find me guilty. I'm willing to take that risk."

Cornish is due in court next month




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