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WeedMD Is Now Supplying Medical Marijuana to Seniors In Canada

Category: News | Posted on Fri, October, 6th 2017 by THCFinder

Why aren’t our retirement facilities providing medical marijuana to seniors like they do in Canada? All right, that was a rhetorical question, but it becomes much more relevant in light of new developments involving WeedMD. Apparently, the company is now supplying medical marijuana to seniors living in three large, long-term care and retirement facilities in Canada.

SUPPLYING MEDICAL MARIJUANA TO SENIORS

“Every day, seniors are taking a closer look at the benefits of cannabis to decrease the use of conventional drug therapies,” said WeedMD CEO Bruce Dawson-Scully. He added that the expanding senior market is “increasingly open to marijuana.”

Dawson-Scully got that exactly right. On this side of the border, middle-aged and senior citizens are smoking more weed than teenagers. Naturally, a few Canadian pols are complaining about the “vulnerable residents” being secondary to the interests of the suppliers. With that said, and unlike the U.S.’s pot-detesting government, they are not opposed to the concept of providing medical marijuana to seniors.

Read More:http://hightimes.com/news/weedmd-supplying-medical-marijuana-to-seniors/


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Current Trends in Cannabis Use in the United States

Category: News | Posted on Fri, October, 6th 2017 by THCFinder

Current trends in cannabis use: Is the increase in use because of recent research about cannabinoids?

According to the UNODC’s World Drug Report 2016, Cannabis remains the most commonly used drug at the global level, with more than 180 million people having used it in 2015. With roughly 3.8 per cent of the global population consuming weed, its use has remained fairly stable over several years. In fact, there has been change in the social norms towards cannabis – predominantly in the west, cannabis use has climbed in parallel with higher acceptability towards the drug.

The rise in cannabis use appears to have been most pronounced in the United States. Estimates for the Americans show an increase from 37.6 million people (or 6.5 per cent of the population aged 15-64 years) who used cannabis in 2005 to nearly 50 million (or 7.5 per cent of the population aged 15-64 years) in 2015.

Read More:https://www.themaven.net/theweedblog/culture/current-trends-in-cannabis-use-in-the-united-states-xozdD4D3SkSZB9ZVIUpYNw


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Decriminalization Passes Unanimously in Georgia

Category: News | Posted on Fri, October, 6th 2017 by THCFinder

Atlanta City Council members voted 15-0 to pass a proposed ordinance to decriminalize marijuana. Under current law, possession of weed within the city limits of Atlanta, Georgia is punishable by a fine of up to $1,000 and imprisonment for up to six months.

This new ordinance would eliminate prison for possession of less than an ounce and would reduce any potential fine to a maximum of $75.

Shortly after the vote, Atlanta Mayor Kasim Reed tweeted support for the initiative, which he has eight days to act on or it becomes law automatically. The mayor said he looked forward “to reviewing & signing this legislation.”

The decriminalization measure was sponsored by Atlanta City Councilman Kwanza Hall, who is running for mayor this year.

“Today we stand with every parent of Atlanta who is fearful of or has seen their children’s lives destroyed, or careers ruined because of a racist policy that unjustly incarcerated minorities by more than 90 percent,” Hall said in a press release after the vote.

Read More:http://hightimes.com/news/decriminalization-passes-unanimously-georgia/


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Colorado drags down national marijuana prices in first half of 2017

Category: News | Posted on Thu, October, 5th 2017 by THCFinder

The price of a pound of legal marijuana continues to plummet in 2017, according to a new report tracking the commodity’s U.S. spot price index.

Wholesale cannabis prices dropped 18.6 percent nationwide in the first half of 2017, with Colorado prices dropping by up to 40 percent compared to the first half of last year, according to Cannabis Benchmarks’ “2017 Mid-Year Wholesale Market Report.” Similar to commodities like gold and oil, the Denver-based independent price reporting agency tracks spot prices — the current value in the marketplace at which an asset can be bought or sold for immediate delivery.

Despite the overall decline, marijuana prices showed “remarkable” stability considering last year’s price volatility and recent political uncertainty, the analysts found. For the first six months of this year, there has only been a $150 difference between the low and high prices for legal cannabis nationally, compared to nearly $300 separating the lows and highs during the first half of 2016.

Read More:http://www.thecannabist.co/2017/10/02/colorado-marijuana-prices-national-wholesale/88740/


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Son of Trump’s Cabinet Member Invested Heavily in Marijuana Market

Category: News | Posted on Thu, October, 5th 2017 by THCFinder

In an ironic twist of fate, it appears a prominent member of Donald Trump’s cabinet has a strong tie to the legal cannabis industry.

Shane McMahon, the son of legendary WWE founder Vince McMahon and Linda McMahon, who runs the U.S. Small Business Administration, recently invested in a company that manufactures pre-fabricated modules for growing cannabis.

According to court documents, McMahon made a cool $500,000  investment for a sizable stake in a Connecticut-based company EnviroGrow. The start-up firm sells the modules in states where medical or recreational cannabis is legal.

Currently, 29 states and the District of Columbia have legalized cannabis for medical use, and eight of those states(Colorado, Washington, Oregon, Alaska, California, Massachusetts, Maine, Nevada, as well as DC) have legalized the plants for recreational purposes.

Read More:http://hightimes.com/news/son-of-trumps-cabinet-member-invested-heavily-in-marijuana-market/


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3 Years after Legalization, Alaska Communities Weigh Pot Bans

Category: News | Posted on Wed, October, 4th 2017 by THCFinder

A vote on Tuesday might mark a sea of change for the cannabis business of local communities in Alaska—and might place pot bans within those areas for the foreseeable future.

As reported by the Associated Press, voters in two of the state’s major pot cultivation districts will decide on whether growers and other pot-related business owners will continue to operate. Hypothetically, if the vote goes through, ceasing said operations could put denizens out of work and disrupt the supply chain in the state to disastrous proportions.

The decision could mark a major regression concerning full legalization in the state and might set a precedent for other Alaskan communities to do the same.

The potential pot bans won’t simply affect the status of legalization alone: The vote has growers and business-owners alike highly concerned about their futures and the economy of Alaska at large. Some, like grower Mike Emers, see the initiative as a betrayal.

Read More:http://hightimes.com/news/3-years-after-legalization-alaska-communities-weigh-pot-bans/


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