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GW Pharmaceuticals’ Stock Value Grows After Study Results Revealed

Category: News | Posted on Tue, March, 15th 2016 by THCFinder

epidiolex gw pharmaceuticalsMany in the marijuana world have worried a lot about big pharmaceutical companies taking over the industry. While I think that some of those fears are a bit overblown, I definitely am a little concerned too. I think that big pharmaceutical companies are going to flood the industry, and that there’s not a lot that can be done to stop it. With that being said, I think that there will always be a place in the marijuana industry for small businesses because they have the products that true veteran cannabis consumers really want.

Yesterday was a big day on the marijuana industry front, especially from a pharmaceutical company standpoint, as the results from a study were released by GW Pharmaceuticals. The results were favorable, and the news sent GW Pharmaceuticals’ stock soaring. Per Marijuana Business Daily:

A British maker of cannabis-based drugs revealed some sorely needed good news on Monday, announcing that an epilepsy medicine it created has successfully treated a severe form of epilepsy in children,according to Reuters.

In a clinical study, GW Pharmaceuticals said its Epidiolex syrup reduced the monthly number of seizures in children with Dravet’s Syndrome by 39%, compared to a placebo that reduced the seizures by 13%.

The results of the clinical study propelled the Cambridge-based firm’s stock price to $81.67 in morning trading on the Nasdaq, a gain of more than 112% over Friday’s closing price of $38.46.

Read More:http://www.theweedblog.com/gw-pharmaceuticals-stock-value-grows-after-study-results-revealed/


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Marijuana Industry Impact Projected To Grow To 44 Billion By 2020

Category: News | Posted on Mon, March, 14th 2016 by THCFinder

The marijuana industry is full of eye catching numbers. One that caught a lot of headlines today was the figure of 44 billion dollars, which is what Marijuana Business Daily projects the marijuana industry impact to be by the year 2020. That’s an enormous number, but considering what Colorado was able to do in just January 2016 alone, and that’s just one state. That number is extremely achievable if some political victories are achieved.

There are a number of states that are in the process of implementing marijuana reforms, and even more that are potentially legalizing medical or recreational marijuana. A lot can happen between now and 2020, especially this year because of the election. In order for the industry impact to grow to tens of billions of dollars there would need to obviously be some victories, but I’m very confident that will happen. That’s in addition to growth in states like Colorado and Washington that are continuing to grow. Below is a chart released by Marijuana Business Daily showing their projected growth:

Read More:http://www.theweedblog.com/marijuana-industry-impact-projected-to-grow-to-44-billion-by-2020/


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Cops caught on camera eating sweets after raiding medical marijuana dispensary will be charged

Category: News | Posted on Mon, March, 14th 2016 by THCFinder

Police who were filmed passing around candy bars and joking about feeling “light headed” after raiding an Orange County medical marijuana dispensary are heading to court to face charges for theft and vandalism.

When the Santa Ana Police Department (SAPD) shut down the Sky High Dispensary, they opened a can of worms. Police knocked down the doors and used crowbars to destroy all of the security cameras in the store – or so they thought. The remaining cameras caught police on their worst behavior. The cops were filmed passing around candy that was believed to be laced with weed.

Read More:https://www.rt.com/usa/335608-cops-medical-marijuana-charged/


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Legal Hemp Production Making a Comeback after 80 Year Ban

Category: News | Posted on Sun, March, 13th 2016 by THCFinder

It has been eight decades since U.S. drug laws made growing hemp in American soil illegal. 

Today barely one percent of Americans are farming hemp. Before it was prohibited in 1937, that number was 30 percent and our hemp was consider among the best in the world.  

Hemp is finally beginning to make a comeback after President Obama signed a provision in the 2014 farm bill that removed hemp grown for research purposes from the Controlled Substances Act. 

Many are finally recognizing that hemp can help restore our agricultural economy, have a positive impact on climate change and help our struggling farmers. According to a report in the LA Times,Canada already knew that and is raking in a billion a year on its hemp production.  

Read More:http://www.hightimes.com/read/legal-hemp-production-making-comeback-after-80-year-ban


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University Of Colorado Launching Marijuana And Pregnancy Study

Category: News | Posted on Sun, March, 13th 2016 by THCFinder

Marijuana PregnantThere are not a lot of studies out there that deal with marijuana and pregnancy. It’s a very touchy subject. However, it’s something that definitely occurs, and I think that it would be better to take an objective approach to the issue instead of trying to keep it taboo like many cannabis opponents would prefer. There are a lot of unfounded claims on anti-cannabis websites ran by cannabis opponents. Whenever someone looks for something more objective, most roads lead back to astudy that was conducted in 1991 that looked at Jamaican children who had mothers that consumed marijuana during pregnancy. The abstract of that study is below:

This research provides data on the development of 59 Jamaican children, from birth to age 5 years, whose mothers used marijuana during pregnancy. Approximately one-half of the sample used marijuana during pregnancy and were matched with non-users according to age, parity, and socioeconomic status. Testing of the children was done at 1, 3, and 30 days of age with the Brazelton Neonatal Behavioral Assessment Scales and at ages 4 and 5 years with the McCarthy Scales of Children’s Abilities. Data about the child’s home environment and temperament were collected from direct observations as well as from standardized questionnaires. The results show no significant differences in developmental testing outcomes between children of marijuana-using and non-using mothers except at 30 days of age when the babies of users had more favourable scores on two clusters of the Brazelton Scales: autonomic stability and reflexes. The developmental scores at ages 4 and 5 years were significantly correlated to certain aspects of the home environment and to regularity of basic school (preschool) attendance.

Read More:http://www.theweedblog.com/university-of-colorado-launching-marijuana-and-pregnancy-study/


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Commission Wants UN to Adopt Alternative Drug Policies

Category: News | Posted on Sat, March, 12th 2016 by THCFinder

UNITED NATIONS (AP) -- The United Nations has a golden opportunity to promote alternate approaches to global drug policy next month when it meets in New York for a special session, but a high-profile commission said Friday that the work leading up to the meeting has so far been disappointing.

The Global Commission on Drug Policy - whose members include former presidents of Mexico and Brazil, as well as former U.N. Secretary-General Kofi Annan and Virgin Group founder Richard Branson - said in a statement that on-going discussions in Vienna drafting the session's outcome document rely too heavily on an outdated law-and-order approach that emphasizes criminal justice and prohibition.

Read More:http://www.hightimes.com/read/commission-wants-un-adopt-alternative-drug-policies


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