Canada Is Primed To Be A Global Example For Medical Marijuana

The Canadian companies are in a race to raise money to build facilities, attract patients and grab shares in a market projected to grow to C$1.3 billion ($1.20 billion) in the next 10 years.

CANADA: By unlocking the once-obscure medical marijuana market, Canada has created a fast-growing, profitable and federally regulated industry with a distinct appeal to the more daring global investor. About a dozen producers of the drug will find themselves in the spotlight this year as they consider going public or prepare to so through share sales or Read the full article…

Colorado’s Marijuana Sales Are Skyrocketing

With such promising numbers and a continuing upward trend in sales, the legalization of recreational marijuana has had a positive effect on Colorado’s economy.

COLORADO:  It hasn’t been long since Colorado officially legalized marijuana, and within a short time period, marijuana sales are already flourishing. According to the Colorado Department of Revenue, in March alone, retail taxes on recreational marijuana reeled in $1.898 million to the Colorado government. After adding in medical marijuana sales tax and licenses, the first three months Read the full article…

Big Tobacco Planned Big Marijuana Sales In The 1970s

Public health researchers scanned 80 million pages of digitized company documents for keywords such as, “marijuana,” “cannabis,” “reefer,” “weed,” “spliffs,” and “blunts.” The results, published Tuesday in the Milbank Quarterly, reveal a long history of maneuvers toward marijuana-laced products.

Tobacco executives anticipated the legalization of marijuana as early as the 1970′s — and they wanted a piece of the action, according to newly discovered documents from tobacco company archives. Public health researchers scanned 80 million pages of digitized company documents for keywords such as, “marijuana,” “cannabis,” “reefer,” “weed,” “spliffs,” and “blunts.” The results, published Tuesday in the Milbank Quarterly, reveal Read the full article…

Canada Vending Machines Pop Out Marijuana

T Washington state Senate has passed a bill to forbid selling marijuana through a drive-through window or in a vending machine.

CANADA: The vending machines at a Vancouver storefront look ordinary — but instead of spitting out gum or snacks, for a few coins they deliver medical marijuana. For Can$4, the brightly lit “gumball” machine drops a plastic ball filled with the so-called “Cotton Candy” variety of the drug. The “Purple Kush” option costs Can$6. But Read the full article…

Marijuana Brands Push Past Bans To Go National

Cecilia Sivertson, shows off her Nana's Secret Soda at a recent Marijuana Business Association meetup in Seattle.

NEW YORK: Marijuana may still be an illegal drug at the Federal level, but that isn’t stopping some companies from building a national presence. “I think people are already positioning themselves for a national cannabis industry,” said David Bienenstock, a marijuana consultant. “The people who make a smart move now will be rewarded later.” The opportunity for Read the full article…

Marijuana Boom Spawns Ancillary Businesses

"The sky's the limit," said Wu, 35, a New York University business school graduate and former vice president at Wedbush Capital Partners. "As long as states continue to adopt, we're going to double growth each and every year."

CALIFORNIA:  Ben Wu took a six-figure pay cut when he left a career in private equity for a shot at the marijuana boom. Trained to spot small businesses with big potential, he started this year as chief executive of Kush Bottles, a Santa Ana company that sells child-resistant plastic cannabis containers. It took some persuading Read the full article…

Illinois Marijuana Hearing Draws Entrepreneurs

Ralph Wilson, left, looks at a business card he was handed after he testified at a public hearing on proposed rules for Illinois’ new medical marijuana program Monday, May 5, 2014, in Chicago while would-be patient Steve Investors and patients grilled public officials Wednesday at a public meeting to ask state regulators about the process to apply to grow, dispense or use medical marijuana.

ILLINOIS: A public hearing on Illinois‘ new medical marijuana program morphed into an informal networking session Monday, with would-be growers, retailers and patients collecting business cards and sharing trade secrets. The hearing in Chicago drew about 200 people, with two dozen testifying about proposed rules for the state’s four-year pilot program. Pharmacists said they should Read the full article…

Marijuana Banking: Secretive But Poised To Grow

http://mjnewsnetwork.com/legal/wa-gov-inslee-to-sign-bill-changing-medical-marijuana-rules/

WASHINGTON: Many marijuana business owners say they have bank accounts, but aren’t completely forthright with their bankers about the nature of their businesses. They claim to be in “consulting” or “medical research.”  And they know they could lose those bank accounts suddenly, at any time, since federal law prohibits banks from holding any funds associated with Read the full article…

Washington State’s Marijuana License Lottery Will Not Pause For Appeals

Two of them, Angel Swanson and Mark Dixon, asked Thurston County Superior Court Judge Carol Murphy to stop the release of names of winners in their parts of Pierce and Skagit counties while they appeal their disqualifications. She declined.

WASHINGTON: A judge Wednesday refused to halt the state government’s lottery for licenses to operate marijuana stores. The state Liquor Control Board is holding lotteries for each part of the state where there’s competition for a limited number of retail licenses. The winners were chosen last week. The board expects to announce them by Friday, Read the full article…

Introducing The American Cannabis Nurses Association

tarted by a small group of nurses and other health care practitioners, the American Cannabis Nurses Association formed to better understand “endocannabinoid therapeutics.”

As cannabis use becomes more widely accepted by various sectors of U.S. society, health care practitioners are moving way past the belief that there’s no evidence to support cannabis as medicine. That position, once adopted by the federal government, is now old news as evidenced by a patent on medical uses of pot filed by Read the full article…