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One striking chart shows why pharma companies are fighting legal marijuana

Category: News | Posted on Thu, July, 14th 2016 by THCFinder

There's a body of research showing that painkiller abuse and overdose are lower in states with medical marijuana laws. These studies have generally assumed that when medical marijuana is available, pain patients are increasingly choosing pot over powerful and deadly prescription narcotics. But that's always been just an assumption.

Now a new study, released in the journal Health Affairs, validates these findings by providing clear evidence of a missing link in the causal chain running from medical marijuana to falling overdoses. Ashley and W. David Bradford, a daughter-father pair of researchers at the University of Georgia, scoured the database of all prescription drugs paid for under Medicare Part D from 2010 to 2013.

Read More:https://www.washingtonpost.com/news/wonk/wp/2016/07/13/one-striking-chart-shows-why-pharma-companies-are-fighting-legal-marijuana/


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NFL's Ricky Williams Says He Was Drug Tested "At Least 500 Times"

Category: News | Posted on Wed, July, 13th 2016 by THCFinder

NEW YORK (AP) -- Former running back Ricky Williams says he went through "at least 500" drug tests during his 11-year NFL career.

The 1998 Heisman Trophy winner at Texas and first-round draft pick by New Orleans in '99 tells Sports Illustrated in a film to be released on SI.com on Wednesday that he "might have the world record for most times drug tested."

Williams, who also played for Miami and Baltimore, sat out the 2006 season while suspended by the league for violating the substance abuse policy.

Read More:http://www.hightimes.com/read/nfls-ricky-williams-says-he-was-drug-tested-least-500-times


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Washington Recreational Marijuna Sales passes $1 Billion

Category: News | Posted on Wed, July, 13th 2016 by THCFinder

Well, Washington (and tourists and neighbors from border states), you’ve gone and consumed more than $1 billion worth of marijuana since the legal market began in July 2014.

So far, the great destruction of our society has not occurred … or if it is ongoing, it’s slow and sneaky. What has happened, however, is that more than $250 million has been generated in excise tax to the state.

And, the trend is grow, grow, grow: The highest total monthly sales figure was $86.7 million and that was in June. So, the growth in our nascent legal cannabis market continues its month-over-month increase.

Read More:http://www.theweedblog.com/washington-recreational-marijuna-sales-passes-1-billion/


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Contention Over THC Maximum Proposals in Canada, Colorado

Category: News | Posted on Tue, July, 12th 2016 by THCFinder

As Canada prepares to legalize cannabis nationwide, Ottawa is consulting citizens and stake-holders to shape the new policy. Among the proposals floated at a Vancouver Cannabis Hemp Conference this weekend was a measure to cap the THC content of approved strains. Not surprisingly, this met with a resounding negative from industry and advocates. "It's time for us to stop demonizing THC. We need policy that's based on both evidence and expertise," Hilary Black of the BC Compassion Club Society told the CBC.  "We have an opportunity in Canada right now to be leaders on the world stage and to do this right."

Read More:http://www.hightimes.com/read/contention-over-thc-maximum-proposals-canada-colorado


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Silicon Valley Investors Are Starting to Warm Up to Cannabis

Category: News | Posted on Tue, July, 12th 2016 by THCFinder

SAN FRANCISCO — When three Colorado marijuana entrepreneurs made a presentation to 40 Silicon Valley investors last year, it was as though they were discussing something dirty.

“There was an uncomfortable chuckle in the room, kind of like you’re talking about porn,” says Fulton Connor, the Sand Hill Angels Inc. member who arranged the meeting. His fellow venture capitalists just couldn’t get past the fact that marijuana remains prohibited under federal law.

They’re way more chill now, he says. In May, Connor’s firm, which typically invests in mainstream startups like the taxi-hailing app Flywheel, steered $200,000 to Boulder-based Tradiv, an online marketplace for wholesale cannabis. “They understand it more as a business and the direction of the market,” Connor says. “And they see where it’s becoming more acceptable.”


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Initiative 139 to Limit THC Percentage in Denver is Withdrawn

Category: News | Posted on Mon, July, 11th 2016 by THCFinder

DENVER — The Cannabis Business Alliance has released a statement on the withdrawal of proposed Initiative 139, which would have crippled Colorado’s fledging Cannabis industry and pushed supply to the black market causing a loss in jobs and tax revenue. 

“In 2012, Colorado residents showed their support of the legal Cannabis market by overwhelmingly approving Amendment 64, which requires the state to regulate the Cannabis Industry like alcohol. Proponents of Initiative 139 who were attempting to add a purity limit of 16% to the ballot in November were extremely misguided. The restrictions on Cannabis purity would have been similar to limiting the alcohol content by volume on beer, wine and liquor. It would be the equivalent of only having 3.2 beer available. The industry is thankful that common sense has prevailed,” noted Cannabis Business Alliance Executive Director Mark Slaugh.

Read More:http://www.theweedblog.com/initiative-139-to-limit-thc-percentage-in-denver-is-withdrawn/


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