Medical Marijuana Sales Total $1.5 Billion for 2013, $6B by 2018
Category: Medical Marijuana | Posted on Fri, March, 22nd 2013 by THCFinder
The United States medical marijuana industry should gross about $1.5 billion in sales in 2013, with revenue rising to potentially $6 billion by 2018, according to a new study released by Colorado publication MMJ Business Daily.
The sort of Wall St. Journal of weed “used a mix of methodologies to come up with reliable estimates, including: existing estimates by government agencies or other sources, identifiable trends, the maturity of the market, averages for similar markets or neighboring states with reliable data, average revenue per dispensary estimates, average annual patient spend in the area, information from local professionals, and/or MMJ tax revenues.”
Read more: http://blog.sfgate.com
Not That High
Category: Medical Marijuana | Posted on Wed, March, 20th 2013 by THCFinder
Today’s marijuana is too strong for some patients, and that’s potential bad for new business.
My brother is a weed scientist. Every weekday morning, he drives to work in the Freemont neighborhood of Seattle, throws on a lab coat with “Northwest Botanical Analysis” stitched over the pocket, and starts putting tiny samples of ganja through a gas chromatography machine, among other gadgets. He tells breeders and the “dispensaries” that that currently distribute pot under the local medical marijuana system the potency of their various colorfully named strains as well as the relative amounts of the many subtly different compounds, called cannabinoids and terpenes, that make each one a different experience to smoke. He checks for mites, pesticides, and mold (a common problem with bud grown in Seattle’s damp basements). These days, he’s talking to the state Liquor Control Board as it works on the rules and regulations for retail sales of dope starting later this year.
When I tell people about my brother’s job—that is, when I tell people who are roughly in my demographic of thirtysomething and fortysomething parents—I nearly always get the same response: “Really? Can he score me some weak weed?”
Clearly, there’s a market segment out there that isn’t being catered to by the dope industry. And these relatively affluent customers want something more like a glass of wine at the end of the day than the effect summarized by one recent review of the guava dawg strain in Northwest Leaf magazine: “lung expansion, flavor worthy of a Nobel Peace Prize, and the ability to instantly make my face feel like it’s been shrink-wrapped.”
Marijuana is much stronger than it used to be. Lots of the strains for sale at medical marijuana dispensaries are approaching 25 percent THC, or tetrahydrocannabinol, the compound in the plant known for getting you wicked high. Sitting around a winter solstice bonfire in the Seattle area this December, I heard a woman in her 60s tell a story about her husband taking a tiny toke on a joint that was going around a dinner party, only to pass out in his chair. Another friend and her husband, in their 30s, decided to share a marijuana caramel after their daughter went to bed. They got way too stoned and entered a shared freak-out about how they would deal if she came out to ask for a glass of water.
Read more: http://www.slate.com
Illegal in Kansas to Possess Legally Obtained Marijuana
Category: Medical Marijuana | Posted on Mon, March, 18th 2013 by THCFinder
The Kansas Court of Appeals says marijuana that someone obtained legally in another state is still illegal in Kansas.
The ruling comes in the case of a Colorado man who was stopped in Kansas with medical marijuana he was legally prescribed in his home state.
A Kansas judge acquitted the man of a misdemeanor charge of illegally possessing marijuana.
The state appealed the acquittal, leading to Friday's ruling that Kansas has the right to enforce its own drug laws even when marijuana was obtained legally elsewhere.
Attorney General Derek Schmidt says the decision doesn't change the outcome of the Colorado man's case, and he won't be tried again. But Schmidt says the ruling will provide guidance to Kansas trial courts in similar cases.
Iowa House bill gives legislature control of medical marijuana
Category: Medical Marijuana | Posted on Fri, March, 15th 2013 by THCFinder
A bill under consideration at the statehouse stipulates that only the legislature has the authority to allow marijuana to be used for medical purposes. Representative Jarad Klein, a Republican from Keota, urged members of the House to vote for the bill.
“I believe this is an important act for the legislature to take under,” Klein says. “We are accountable to the people and I believe that’s what this bill really goes at the heart of is who has the authority.”
In the past few years the Iowa Board of Pharmacy has debated the issue of medical marijuana and considered putting it on their list of controlled substances which can be dispensed with a prescription, but has never taken that final step.
The bill would forbid the board from allowing medical marijuana prescriptions in Iowa. “The intent of this piece of legislation is clarify that only the legislature shall have the discretion to move marijuana from a Scheduled I controlled substance to a Schedule II controlled substance,” Klein says.
Read more: http://www.radioiowa.com
Minn. medical marijuana push to wait until 2014
Category: Medical Marijuana | Posted on Wed, March, 13th 2013 by THCFinder
ST. PAUL, Minn. — Minnesota won't have a showdown over medical marijuana this year.
Heather Azzi of Minnesotans for Compassionate Care, a pro-marijuana policy group, said Wednesday that bills to permit marijuana for medical reasons will be introduced in the next week or two. But Azzi, the group's political director, said the legislation won't move through Legislature this year.
"We just had a lot of background work to do before we got started," she said.
Supporters hope to latch onto efforts to relax marijuana laws in other states. Voters in Washington state and Colorado approved ballot measures last fall making it legal to possess small amounts of marijuana. It was a step beyond laws in 18 states that give people with certain conditions clearance to use marijuana after getting a physician's approval.
Medical marijuana proposals are circulating in at least a dozen states. Last week, Maryland's health secretary expressed support for legislation there, arguing the federal government has not brought charges against any state employees in other states who may have been involved with distributing medical marijuana.
Read more: http://www.ajc.com
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