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Medical Marijuana Cannabis has been used to reduce nausea and vomiting in chemotherapy and people with AIDS, and to treat pain and muscle spasticity. its use for other medical applications has been studied,
Green Rush Cannabis is often consumed for its psychoactive and physiological effects, which can include heightened mood, relaxation,and an increase in appetite.

Medical marijuana advocates attempt to place issue on Nov. 2016 ballot

By: JEFF HENDERSON | Published 4:29 PM CDT Apr 19, 2015

LINCOLN, Neb. —Advocates for medical marijuana are vowing to continue their fight, even if state legislators don't act this year.

It could mean that the decision would be up to voters.

Supporters for legalizing medical marijuana said they are in the process of gathering signatures to place the issue on the November 2016 ballot.

Meanwhile, a measure scheduled for vote Monday in the judiciary committee would allow medical cannabis in liquid, pill or vapor form, but it can't be smoked.

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Medical Marijuana cultivation center clears Delavan Zoning Board hurdles

By Steve Stein
GateHouse Media Illinois

Posted Jun. 30, 2014 @ 9:38 pm
Updated Jun 30, 2014 at 9:56 PM


Delavan is two steps closer to being the home of one of 21 medical marijuana cultivation centers in the state.

Zoning Board members voted Monday to recommend that the City Council approve a zoning change and special-use zoning variance for the land on the eastern border of the city where the center would be built.

The votes were 5-1 for the zoning change from agricultural to industrial and 6-0 for the variance.

Nobody in the crowd of about three dozen that packed a small meeting room at City Hall spoke against the center.

The City Council will vote Tuesday on the zoning change and variance and on annexing the targeted parcel, which is bounded by State Route 122 on the north and Springfield Road on the west.

With those approvals in his pocket, developer Tim McGraw of Joliet-based ICC Holdings said he would apply for a state cultivation center license in August.

Licenses are expected to be issued in November.

If ICC Holdings is granted a license, “we’ll break ground immediately and be open within four months,” McGraw said.

Paul Adair, who called himself a “new” Delavan resident even though he’s lived there 50 years, spoke in favor of the center because of the jobs it would create, and the spinoff businesses that could come to the city of less than 1,700.

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Entrepreneurs prepare for medical marijuana businesses

June 29, 2014 | By Marcia Heroux Pounds, Sun Sentinel

Thrity-one businesses in Broward and Palm Beach counties have registered with the state as marijuana-related businesses, banking that voters will approve medical use of the drug on Nov. 4

The businesses — 17 in Broward and 14 in Palm Beach County — are among 100 that have registered with the words "medical marijuana," "marijuana" or "cannabis" in their names. Most filed incorporation papers in the past few months.

Among them are lawyers, a retired insurance firm owner, a construction contractor and a personal trainer, all laying the foundation for businesses ranging from growing to selling through a dispensary.

"This is the little guy's chance to get in. You want to be up and running," said Darren Odesnik, a personal injury lawyer based in Delray Beach who in May incorporated Cannabis Center of South Florida and is scoping out a warehouse and retail location.

Some say Florida's potential legalization of wider medical use is the business opportunity of a lifetime. For others, it's personal: They've seen a family member or friend suffer and believe marijuana could have eased their pain.

Gov. Rick Scott this month signed into law the Compassionate Medical Cannabis Act of 2014, known as "Charlotte's Web," which establishes five cultivators to provide access to a strain of marijuana to treat conditions such as epilepsy, Lou Gehrig's disease and cancer.

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Why GW Pharmaceuticals Could be the Next Marijuana Bubble Stock to Pop

By George Budwell | June 29, 2014

Marijuana stocks have soared this year as more states decriminalize the drug's recreational and medical uses. Even so, most companies developing marijuana-based products are years away from turning a profit, suggesting that a fair amount of this rapid appreciation is due to hype, not fundamentals.

GW Pharmaceuticals (NASDAQ: GWPH ) is a British biopharma developing medicinal products based on marijuana-derivatives called cannabinoids. The company's claim to fame thus far is Sativex, a treatment for spasticity due to multiple sclerosis that is commercially available in 11 countries.

The company's share price has skyrocketed by 958% in the past year. With this in mind, let's consider two good reasons GW might now be extremely overvalued.

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B.C. medical marijuana factories’ tax break nipped in the bud

Bill Cleverley / Times Colonist
June 24, 2014 10:30 AM

A loophole that gave medical marijuana factories a massive tax break is being nipped in the bud by the B.C. government. “The government has made the decision that medical marijuana as well as any other federally regulated narcotic will not be eligible for farm classification for property taxes,” Coralee Oakes, Minister of Community, Sport and Cultural Development, told the Times Colonist on Tuesday.

Many local governments have been raising the alarm about the so-called “llama loophole” that enabled new medical marijuana grow-ops to claim farm status to avoid paying property taxes.

The term dates to 2012, when a Chilliwack business owner who had placed llamas on his land successfully argued that his commercial property was being used for agriculture. That saw his property tax bill in 2013 drop to about $1,400 from the previous year’s $156,800.

In April, new federal rules shifted marijuana production to licensed commercial growers from patients. Of the 13 approved producers, five are in B.C., including one in Central Saanich and one in Nanaimo.

The province will continue to view medical-marijuana production as an allowable farm use within the Agricultural Land Reserve that should not be prohibited by local government bylaws, Oakes said. This is consistent with the Agricultural Land Commission’s interpretation of the Agricultural Land Commission Act.

The change will take effect for property assessments in the 2015 taxation year, Oakes said, and the large, industrial-like growing operations will be taxed according to the physical infrastructure being built.

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5 Reasons to Believe in Tobacco Stocks

By Will Ashworth, InvestorPlace Contributor | Jun 23, 2014, 11:00 am EDT

Tobacco stocks are smokin’ hot in 2014, up 14% year-to-date through June 19. Doubling the pace of the S&P 500, tobacco stocks might be poised for growth for the first time in years. There are several reasons for this optimism, not the least of which are e-cigs, the devices meant to replace traditional cigarettes.

Cigarettes 185 5 Reasons to Believe in Tobacco Stocks
But is it enough to keep the good times rolling?

I believe it is. Here are five reasons tobacco stocks will continue the momentum ride they’ve been on the past three months. The exact duration of this ride is heavily dependent on how two of these reasons play out over the next five years. If both deliver the goods (and that’s a big “if”), tobacco stocks would be one of the best long-term investments available.

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Families rejoice over state's medical marijuana passage

Marcela Rojas, | 11:37 p.m. EDT June 20, 2014

North Salem resident Kate Hintz was on the state Senate floor when lawmakers voted Friday afternoon 49-10 in favor of a medical marijuana bill that could drastically improve her young daughter's life.

"I needed to be present to see this through to the end," said Hintz, a parent advocate for the Compassionate Care Act. "This is a wonderful day. We are overjoyed and feel like so much of our hard work has paid off."

Hintz was among many families pushing for the passage of the state bill that, in its latest form, carries a number of restrictions. The agreement, announced by Gov. Andrew Cuomo earlier this week and also approved by the state Assembly Friday, authorizes only non-smokeable forms of the drug for certain illnesses including AIDS, cancer and epilepsy.

Hintz's 3-year-old daughter, Morgan Jones, has Dravet Syndrome, a rare and incurable form of epilepsy that begins in infancy. At her worst, Morgan has had up to 30 seizures in a day, her mother said.

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Friend or Foe – Marijuana Stocks and the Tobacco Industry

Jun 18, 2014, 11:04 am EDT | By Robert Martin, InvestorPlace Writer

Marijuana isn’t legal at the federal level, and that’s actually a blessing for the current crop of marijuana stocks, which are only seen as stocks to buy now because of the drug’s current legal status

medicalmarijuanastocks Friend or Foe Marijuana Stocks and the Tobacco IndustryOn the one hand, marijuana stocks — as sketchy as they are – would get a huge lift on impending legalization at the federal level. Heck, the entire sector of dubious over-the-counter medical marijuana stocks took off when only the states of Colorado and Washington legalized the drug.

That’s because the perception — as wrong as it is — is that existing marijuana stocks are sure winners on federal legislation. That fuels the mistaken belief that these penny issues are stocks to buy now.

Never mind that none of the OTC marijuana stocks are serious companies. As it is now, none of them actually grow or sell marijuana. They sell supplements, oils, accessories — products that are tangential to psychoactive marijuana.

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Christie says medical marijuana programs are 'a front for legalization'

By Brent Johnson/The Star-Ledger
on June 17, 2014 at 3:29 PM, updated June 18, 2014 at 8:11 AM

TRENTON — Following reports that New Jersey's medical marijuana program is suffering from low enrollment, Gov. Chris Christie called the program and similar programs across the U.S. "a front for legalization."

New Jersey passed its medical marijuana law in 2009, and former Gov. Jon Corzine, a Democrat, signed it just before Christie, a Republican, took office. The first dispensary opened in December 2012, with predictions that the drug could help tens of thousands of patients in the state with severe or painful illnesses.

But The Star-Ledger reported on Sunday that only 2,342 patients have signed up for the program.

And last week, the president and chief executive of Compassionate Care Foundation, Inc. of Egg Harbor Township — one of the state's three medical marijuana dispensaries — announced he had quit because he couldn't keep working for no pay in a struggling industry.

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Opinion: Medical marijuana should not be taxed

By Times Op-Ed
on June 15, 2014 at 6:48 AM

By Richard Tkach

Three years ago, my 35-year-old wife, mother of three children, was diagnosed with multiple sclerosis. The doctor said she most likely won’t die from it, but will never have a normal life again. After years of being on the medical roller coaster and trying every useless drug on the market, a prestigious neurologist led us to medical marijuana. What a miracle. I’ve seen my wife go from being an empty shell to having a sense of normalcy. She can think, she can actually eat a meal, she can function as a human being, she can sleep at night. My wife is back.

The science is solid. Specific medical strains of marijuana are arguably the most effective treatment for multiple sclerosis.

The problem is the tax, 42 percent to be exact (35 percent plus 7 percent sales tax). No other medicine is taxed in New Jersey. Gov. Chris Christie has done everything in his power to make this program unsuccessful. Only one of the six dispensaries is truly functioning; the rest are caught up in red tape. The costs of all these legal requirements are passed along to the patients.

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Marijuana Activist David Malmo-Levine Joins Team as Guest Author

PRWEB.COM Newswire
PRWEB.COM NewswireSan Francisco, CA (PRWEB) June 12, 2014, a reliable source of information on the marijuana industry in North America, has recently added the well-known cannabis activist David Malmo-Levine to its roster as a guest author.

For more than two decades, David Malmo-Levine has been an active and vocal member of the pot community. He is the owner of the Herb Museum in Vancouver, is the author of chapter 3 of The Pot Book, is an editor at Potshot magazine, and is a writer at Cannabis Culture Magazine. David is also a security consultant for cannabis farmer's markets.

In his first article for entitled "Treat The Herb Like An Herb," Malmo-Levine questions the existence of studies on cannabis, such as those focusing on smoking safety or proper dosages. The author brings attention to the fact that testing protocols on safety and efficacy were initially performed because of problems with synthetic medicines, and so this should not be the case with herbal medicine.

Malmo-Levine states in his article, "Cannabis activists are letting an important opportunity slip through their fingers - an opportunity to remind the world that cannabis is a herb - not a pill - and should be treated as such."

David Malmo-Levine has been active in the pot community since 1992. He is the owner of Vancouver's Herb Museum, the author of chapter 3 of The Pot Book, an editor at Potshot magazine, a contributor at Cannabis Culture Magazine, and is a security consultant for cannabis farmer's markets. One day, David hopes to open a medical marijuana dispensary for healthy individuals.

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Pazoo Launches "CANNABIS AUTHORITY", Its First Issue of a Medical Marijuana Online Magazine

June 12, 2014, 8:15 a.m. ET

Pazoo Launches "CANNABIS AUTHORITY", Its First Issue of a Medical Marijuana Online Magazine

WHIPPANY, NJ--(Marketwired - Jun 12, 2014) - Pazoo, Inc. (OTCQB: PZOO) (German WKN#: A1J3DK) is pleased to report it has launched its online medical marijuana magazine called "Cannabis Authority". The online magazine will start off as a monthly publication and can be found online at

As previously stated, this online magazine will cover the medical marijuana industry with topics ranging from regulatory issues, medical applications, medical marijuana stocks, the pros and cons of medical marijuana use, and much - much more.

Pazoo has been partnering with individuals and companies in the medical marijuana space to provide the most current content on the benefits and dangers of this industry. Pazoo will remain neutral and not take a position on this subject and will allow each individual reader to come to his or her own conclusions.

The online magazine can be found at and will be available later this week.

Moving into the future, Pazoo expects to roll out several more industry specific publications. The next publication to be rolled out by end of the third quarter of 2014 is expected to be a military health and wellness-based magazine.

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Not All Pot Penny Stocks Took a Hit from the SEC

By MONEY MORNING STAFF REPORTS, Contributing Writer, Money Morning
· June 10, 2014 ·

The recent boom in pot penny stocks almost seems too good to be true - and according to the U.S. Securities & Exchange Commission, it might very well be.

In the past few weeks, the SEC has been investigating several pot stocks - eight of which have now been temporarily suspended. According to the SEC, the suspended marijuana stocks were in violation of serious regulations, including instances of "manipulative transactions" and "unlawful distribution of securities."

Those eight include Fortitude Group Inc. (OTCMKTS: FRTD), FusionPharm Inc. (OTCMKTS: FSPM), CannaBusiness Group Inc. (OTCMKTS: CBGI), GrowLife Inc. (OTCMKTS: PHOT), Advanced Cannabis Solutions Inc. (OTCMKTS: CANN), Petrotech Oil and Gas Inc. (OTCMKTS: PTOG), Aventura Equities Inc. (OTCMKTS: AVNE), and Citadel ETF Inc. (OTCMKTS: CDFT)

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Fast Tracked: 1 More Reason to Invest in this "Marijuana Stock" Multibagger

By David Williamson
June 8, 2014

GW Pharmaceuticals (Nasdaq: GWPH) tremendous 700% one year run is showing no signs of slowing down. The drug developer, often lumped in with marijuana stocks due to its focus on the cannabinoid system, received an FDA fast track designation for its orphan drug Epidiolex. This drug is hoping to treat Dravet and Lennox- Gastaut syndromes, both are rare forms of pediatric epilepsy and have a significant unmet need for treatments.

Epidiolex as a wholly owned drug has significant potential for GW and could cross $500 million in global peak sales, easily supplanting its current approved drug Sativex as the company's flagship product.

In this episode of Market Checkup, the Motley Fool's health care focused investing show, analysts David Williamson and Michael Douglass discuss the recent regulatory good news, the market potential for Epidiolex and why Fools should be watching this stock closely.

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Texas Republican Party Strikes Medical Marijuana Issue from Platform

By: TWC News Staff | 06/07/2014 01:03 PM

he Texas Republican Party will not formally support the use of medical marijuana. In fact, it struck the issue from its party platform altogether.

Delegates at the state convention in Fort Worth voted to end the debate on the topic after just a few minutes. They then overwhelmingly voted down a last-minute attempt to add a legalization plank to the platform.

Supporters of medical marijuana made emotional statements arguing that patients suffering from certain diseases could benefit from the treatment. Opponents maintained that legalizing marijuana for medical use would lead to legalization for recreational use.

Delegates also voted to remove language urging the legislature to study the use of cannabis for medical purposes.

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Medical marijuana scores big House win, but still faces hurdles

By S.A. Miller and Stephen Dinan-The Washington Times
Sunday, June 1, 2014

“This demonstrated something more than just the medical marijuana issue,” said Rep. Dana Rohrabacher, the California Republican who led the fight for the policy change. “It showed where you can actually have a coalition on specific issues that can’t move forward with just one party, but there can be a coalition that can carry things through when it’s based on some kind of a more libertarian premise.”

The fight came as part of the annual debate on the spending bill that funds the Justice Department.

Mr. Rohrabacher’s amendment stops all funding for the federal government to interfere in medical marijuana policies in the District of Columbia and the following states: Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Illinois, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Oregon, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Washington and Wisconsin.

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Medical marijuana: Time is up on dispensary bylaws

By Lindsay Corcoran
Daily News Staff

Posted Jun. 1, 2014 @ 6:00 am
Updated Jun 1, 2014 at 10:19 AM

As moratoriums come to an end, some local communities have only recently tackled the issue of how to zone for medical marijuana dispensaries.

In most cases, town officials had an extra year to consider zoning possibilities – time that some said was key and others said may have been unnecessary.

"I’m not saying we shouldn’t have done it, but it almost seems like it was unnecessary," said Hudson Town Planner Jennifer Burke. "It feels like we would have had time anyway."

While the state Department of Public Health has allowed 20 applications for dispensaries to advance through the process, it has yet to award official licenses and no dispensaries have opened.

Burke, who said Hudson did have interest from two potential applicants to place a dispensary in town, said the moratorium prevented one from coming in.

"We would’ve been willing to work with them, but they weren’t ready to be on our time table," Burke said.

The Attorney General Martha Coakley ruled last year that municipalities could implement moratoriums to allow for time to craft zoning bylaws, but this year limited extensions of those deadlines past early December and disallowed multi-year moratoriums.

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Forbes's Vardi: Poof! Marijuana Stock Bubble Goes Up in Smoke

Wednesday, 28 May 2014 09:29 PM
By John Morgan

The marijuana stock bubble that emerged earlier this year has been deflated, following actions by the Securities and Exchange Commission that have scared investors away from penny pot shares, according to Forbes columnist Nathan Vardi.

Pot stocks are different from other over-the-counter (OTC) bulletin board stocks and are buffeted by ongoing changes in various state laws on medical marijuana and recreational marijuana, in addition to uncertain interpretation of federal law.

"To the degree there has been a penny stock market boom in the U.S., it has been led by the marijuana sector," Vardi wrote.

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Medical marijuana measure sent to committee


NEWBURYPORT — City councilors last night addressed several issues that might require public hearings in the future, but for the moment they were sent to committee.

The council sent to the Planning and Development Committee an amendment to the zoning ordinance that calls for creation of a medical marijuana overlay district for the possible creation of a medical marijuana treatment center.

The measure would replace the city’s “temporary moratorium on medical marijuana treatments centers,” and permit city officials to follow state guidelines on how to prepare municipal ordinances for the creation of such a center.

Members of the city’s planning staff have suggested that such a facility be located on the borders of the Business and Industrial Park, in part because state regulations say a center must be distant from schools, churches, playgrounds and residential areas.

A public hearing will be held in coming weeks on the merits of creating such a facility, city officials said.

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Medical Marijuana Support Slightly Down in New York, Poll Says

By Julie S | May 26, 2014 11:46 AM EDT

In the most recent survey conducted by the Quinnipiac University, New York State voters supported the legislation for medical marijuana by 83 percent, a slight decrease from the February figures which were at 88 percent. The support for recreational marijuana, on the other hand, was also down at 51 percent as compared to 57 percent from the previous record.

The survey also found out that the support for marijuana remains solid for all the listed groups. For comparison, 74 percent of Republicans supported marijuana while 87 percent of Democrats thought the same.

"Medical marijuana in New York, and in every other state surveyed by Quinnipiac, is a no-brainer," assistant director of the Quinnipiac University Poll, Maurice Carroll, said in a university news release.

"The age gap on the question of recreational marijuana is not surprising: Young voters want it by large margins, while older voters say no. So it's just a matter of time, unless young voters grow more conservative with age," she added.

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Medical marijuana users living in limbo

By Marissa Harshman, Columbian health reporter
Published: May 25, 2014, 6:00 AM

John first smoked marijuana to alleviate his pain in 2010.

That first hit came after taking thousands of narcotic pain reliever pills prescribed over several years. It came after the methadone and oxycodone changed his personality, left him moody and depressed, and made his world foggy.

John found the relief he was looking for in marijuana.

“I don’t think people understand the benefit it has for people,” John, a 64-year-old Camas resident, said.

Since that first hit, John has weaned himself off the methadone and oxycodone. He hasn’t taken a narcotic pain reliever in more than two years. Instead, he smokes marijuana daily to manage his pain.

But recent legislative efforts to regulate the state’s medical marijuana system have John, and other patients like him, worried about the ramifications. They fear the new system will make medical marijuana difficult to access and, if subject to the same tax structure as the recreational market, considerably more expensive.

Lawmakers and state officials, however, argue that the state’s current, largely unregulated medical marijuana system puts patients at risk for federal prosecution and could interfere with the state’s ability to establish a legal market for recreational marijuana.

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Medical marijuana: DeFrancisco says next step up to NY Senate leaders

By Teri Weaver |
on May 23, 2014 at 7:35 AM, updated May 23, 2014 at 12:08 PM

SYRACUSE, N.Y. -- Sen. John DeFrancisco said Thursday he'll allow a vote on a medical marijuana bill before his committee -- if the state Senate's leadership decides to go ahead with the proposal.

"If the two leaders want it on the agenda, it will go on the agenda," DeFrancisco, R-Syracuse, said. And if that's what the leadership decides, DeFrancisco says he won't hold up the bill.

Still, that remains a big if.

One Senate co-leader, Sen. Jeff Klein, D-Bronx, is a co-sponsor of the legislation sponsored by Sen. Diane Savino, D-Staten Island. But the other, Sen. Dean Skelos, R-Rockville Centre, has had reservations about Savino's bill and medical marijuana, though he said earlier this month talks are continuing, according to the New York Daily News.

"Senator Skelos continues to review this issue," Skelos spokesman Scott Reif said this morning. "There are a number of bills under consideration, but no decisions have been made."

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Northbrook officials discuss medical marijuana rules

By Alexandra Chachkevitch
Tribune reporter

4:43 p.m. CDT, May 21, 2014

Medical marijuana dispensaries should be looked at as pharmacies when it comes to zoning regulations in Northbrook, officials there recently said.

Northbrook plan commissioners discussed updating the village's code with definitions of dispensaries and cultivation centers in reaction to a state law that took effect Jan. 1 allowing medicinal use of marijuana. The state's four-year pilot program allows for 22 licensed cultivation centers and up to 60 dispensaries statewide.

All nine members of the Northbrook Plan Commission said they would like to allow dispensaries to be in commercial areas of the town and be permitted to operate as any other drug store would.

"Not over-regulating at this point is important," said plan commission Chairwoman Marcia Franklin at the meeting. "I think clearly society is changing in the way they look at marijuana. I'm delighted that we're finally moving forward, however slowly, to make it available on medical basis to people that need it."

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Marijuana Stocks - The Good, The Bad And The Ugly

May. 20, 2014 6:04 PM ET | Includes: GWPH, PHOT, VAPE


* The recent pot stock parabola that broke in March was just a miniature version of the dot com bubble. A new industry is born and people get over excited.

* While a new industry can yield high returns, like every new industry, there are the good companies, the bad and the ugly.

* GW Pharmaceuticals is an example of the good, Vape Holdings the bad, and GrowLife the ugly.

Much has been written about the marijuana space over the past six months. The legalization of the drug for recreational use in Colorado and Washington has fueled one of the most active, speculative furors in ten years, proving highly profitable for some, yet not so for others. What potential really is there in the industry? Where is it and what are the risks involved? Here's a look at the good, the bad and the ugly of the whole affair.

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British tea drinking spurs vertical marijuana businesses

Posted on May 20, 2014 by Dr. Luc Duchesne

There are growing number of public companies poised to support the marijuana industry to address the emerging needs of marijuana growers, adding to the long list of marijuana stocks. This gives me hope that they won’t resort to smoking Ceylon tea in Colorado and Washington State.

Odds are that the public companies that will do best in the marijuana business are not those that produce marijuana but those that support the growers. This is because the British were made to drink tea instead of coffee…

The British have only been tea drinkers since the late 19th century. Before that they were coffee drinkers. This was based on a coffee monoculture system which is quite similar to the one being introduced in marijuana grow operations in enclosed environments.

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Medical marijuana center on horizon for Delaware

By Jen Rini
Delaware State News

Updated May 17, 2014

DOVER — Delaware is on target to have its first medical marijuana dispensary licensed by July, culminating a nearly six-year, mercurial legislative process.

“It’s been a long road,” said Todd Kitchen, a medical marijuana lobbyist and user, who’s been involved with the effort since 2008.

Since Gov. Jack A. Markell signed the Delaware Medical Marijuana Act in 2011, 85 individuals have been approved to purchase medical marijuana and seven organizations have placed bids to run the state’s pilot compassion center.

However, those 85 individuals, both patients and caregivers, have been in limbo for the past three years due to a suspension imposed on the state’s medical marijuana compassion centers, barring them from opening, per a mandate from the federal government.

“There were a few hiccups along the way,” said Mr. Kitchen, of New Castle.

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Growlife Inc.: 3 Assumptions To Rethink

May. 15, 2014 10:57 AM ET | About: PHOT, Includes: TRTC

1. PHOT bears little legal risks compared to other marijuana stocks.

While that is true, those legal risks actually affect share prices. The current legal conflict between state and federal law may not affect PHOT's business because it doesn't sell the marijuana itself. However, it does affect PHOT's shareholders since it will cause share prices to fall if potential events occurred.

What some investors don't acknowledge is that risks to shareholders are not the same as risks to businesses. The main risk shareholders care about is the volatility of share prices. PHOT is labeled as a marijuana stock and any major legal problem. When any legal problems with the law that could hurt the potential sales of marijuana for the industry as a whole, then PHOT stocks will fall with the rest. The legal risks also spread over to PHOT's ability to find financing. We know that most banks refused to lend to any marijuana businesses due its illegal status under federal law.

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Medical marijuana bylaw passes at Saugus Town Meeting

By Martha Shanahan

Posted May. 14, 2014 @ 8:00 a

Town Meeting members approved three articles on the annual warrant Monday night, passing a new set of regulations for medical marijuana dispensaries and two other measures with little dissent.

The article regulating the location and operation of potential applicants for a medical marijuana treatment facility license in Saugus passed with 42 members voting in favor and two members — Precinct 5 member Brenton Spencer and Precinct 8 member Thomas Traverse — voting against.

While no dispensary has applied for a license in Saugus — Town Meeting applied a temporary moratorium on medical marijuana treatment centers after a statewide vote legalized the sale of marijuana for patients of certain illnesses — the bylaw amendment on the Town Meeting warrant is a precautionary measure.

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Latteno Food Corp. (OTCMKTS:LATF) Gasps for Air Amid Sinking Trend

May 14 2014 08:52 AM ET

Latteno Food Corp. (OTCMKTS:LATF, LATF message board) had a rare day of growth at the beginning of the new week. Among marijuana stocks, there is always the vague optimism that a new trading week would help overcome the general pessimistic trend. But so far, the growth was slim for LATF, a bit more than 14% to $0.004, as buying remained tentative at $363,000.

For now, LATF has not sent out any updates, and it relies on the general mood of the market to get out of the downward spiral in the past months. But investors' forums look nervous again, expecting a corporate update. Also, there are those who propose riding out the drop in LATF with a small position, as the ticker is pressured by short sales. Still, there is time to check if the legalized marijuana index is indeed so easily profitable, and if LATF will start marking earnings from several cannabis-related activities.

The opinions at Yahoo! Finance message boards are also polar, with one side predicting LATF would be brought down to $0.0025 by short sellers within weeks, while others believe the depression is temporary and caused by the general jitters in the marijuana sector.

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USA Real Estate Holding, Co. (OTCMKTS:USTC) Crashes by a Quarter on Profit-taking

May 13 2014 08:41 AM ET

USA Real Estate Holding, Co. (OTCMKTS:USTC, USTC message board) is getting comfortable in its double-zero range. So comfortable in fact that it will hardly manage to dig itself out. On Friday, the rising trend broke and USTC slid down by mode than 24% to $0.0025, as selling expanded above $560,000. The end of the trading week was an unusually slow day for the MMJ sector, as even the most active OTC companies did not manage volumes above $3.39 million.

Now, USTC is in the balance, with several oddly optimistic investors' opinions on the Investors' Hub message board. Others believe the company holds too many red flags and will continue to inflict pain with price fluctuations. The company itself has not relied on fresh PR, and at this price point, the promoters already left. The latest promotion for USTC was on May 8th, from Stock Aviator, but it may only have served to make things worse.

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'Medical' marijuana has its own economics

By Edward Lotterman
POSTED: 05/11/2014 12:01:00 AM CDT

A bill to legalize the sale and use of marijuana for "medical purposes" is working its way through the legislature and probably will become law in one form or another. Similar initiatives are under way in several other states, although passage is not likely in most. But together with a similar law in California and recent legalization in Colorado following partial legalization or "decriminalization" in Washington and Oregon, there certainly seems to be a national tide to make cannabis use legal.

Social aspects of "mood-altering substances" are complex, to say the least. But what about economic ones? These certainly exist. Some libertarian economists, most notably Nobel laureate Milton Friedman, advocated legalization of marijuana use decades ago. So it is a legitimate topic for economic analysis.

The libertarian argument is that if there is some substance that humans want to use to increase their own satisfaction and no one else is hurt, laws ought not prohibit that, even if other people think consumption is immoral and even if use of the substance causes tangible harm to the person consuming it. Many economists who don't consider themselves libertarians, including me, agree with this in general terms.

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Wall Street Is Eyeing A Different Kind Of Green

By Ewan Watt
4:58 PM 05/05/2014

Green is good. Or at least that’s what some investors are thinking.

Even before Colorado and Washington voted via plebiscite to legalize the recreational use of cannabis in 2012, there were indicators that the massive demand for marijuana was giving birth to America’s latest gold rush. Two years later, while police might still seize it, marijuana is rapidly sitting in both plant pots and portfolios.

What most Americans are probably not aware of is that these nascent signs of growth have now become a mainstream trade. There is a Marijuana Index (MJX) with comprehensive data behind all the key industry players. Bart Mackay became the country’s first “pot billionaire” when CannaVest became “the top performing stock in America.” CNN’s Sanjay Gupta’s documentaries helped elevate public discussion about the benefits (and costs) of both medical and recreational use.

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Casino operators advised to avoid medical marijuana industry

By Michelle Rindels, Associated Press
Published Tuesday, May 8, 2014 | 11:05 a.m.
Updated Tuesday, May 8, 2014 | 11:50 a.m.

Nevada gambling regulators issued a notice Tuesday advising casino operators against investing in the state's nascent medical marijuana industry.

Gaming Control Board member Terry Johnson sent a memo reminding licensees that the state has legalized dispensaries but federal law still prohibits manufacturing and distributing marijuana.

"Unless the federal law is changed, the board does not believe investment or any other involvement in a medical marijuana facility or establishment by a person who has received a gaming approval or has applied for a gaming approval is consistent with the effective regulation of gaming," the memo said.

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CannabisFN Weekly: New Rules for Edibles Signal Maturing Market

May 5, 2014, 9:03 a.m. EDT

May 05, 2014 (ACCESSWIRE via COMTEX) -- Whitefish, MT / May 5, 2014 / The Marijuana Index™ moved about 8% higher over the past week, led by a 15% jump in GW Pharmaceuticals plc GWPH -1.59% shares. Last week, Morgan Stanley analysts rated the stock "overweight" with a $103.00 per share price target, which is significantly higher than the consensus price target of $54.43. Shares of many other cannabis stocks remained largely neutral throughout the week.

On the regulatory front, two deaths brought about by edible cannabis products have prompted Colorado lawmakers to rethink its rules dealing with edibles. Regulators are considering new rules to govern edibles, and in particular, the level of THC that's considered to be a "serving size". While these rules may force some changes, they are a sure-sign that the industry is continuing to adapt and mature.

What's New?

- Medican Purchases 400K Sqft Grow Facility - Medican Enterprises Inc. MDCN -10.34% announced that its JV partner signed an agreement to purchase a 400,000 square foot grow facility in Canada that could make the JV partner one of the largest medical cannabis producers in the country.

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University of Texas study shows decriminalizing marijuana could reduce violent crime

By William Breathes in Legalize It, News
Thursday, March 27, 2014 at 1:20 pm

No one seriously believes anymore in the Reefer Madness depiction of marijuana use, in which this new-fangled devil weed transforms otherwise upstanding teenagers into murderous sociopaths. Even some otherwise staunch social conservatives (e.g. Texas Gov. Rick Perry) are beginning to embrace some degree of decriminalization as a fair and necessary step toward a fair and rational criminal justice system.

Yet there is a lingering strain of thought that full or partial legalization will inevitably bring a corresponding increase in crime. Not so, says UT Dallas criminology professor Robert Morris, the lead author of a just-published study of crime rates in states that have legalized medical marijuana.

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University of Texas study shows decriminalizing marijuana could reduce violent crime

By William Breathes in News, Say what?
Thursday, March 27, 2014 at 12:20 pm

When brother and sister David and Natalie DePriest got busted last October for growing 17 marijuana plants in their Farmington home, they told police that there was no reason they should be arrested. After all, weed will soon be legal everywhere. Also, they supported Ron Paul.

But that argument didn't fly with the police, so they were arrested. And after a trial in which the DePriests were found guilty on charges of marijuana cultivation and trafficking, their statements to police were brought up again and Judge Kenneth Pratte took them into consideration. These were people who clearly believed they did nothing wrong and had no respect for Missouri law.

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Colorado health department wants to limit caregiver plant counts and patient access to meds

By William Breathes in Medical, News
Thursday, March 27, 2014 at 11:30 am

The Colorado Department of Public Health is looking to limit the number of patients that private medical marijuana caregivers can serve, as well as put a cap on the number of plants an individual may grow. Currently, caregivers can serve more than five patients by applying for a "medical necessity" waiver from the CDPHE and plant counts can be increased from just six with a doctor's recommendation, which is often the case with patients who make their own concentrates or edibles.

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New Hampshire lawmakers nix cannabis legalization measure

By William Breathes in Legalize It, Legislation, News
Thursday, March 27, 2014 at 10:20 am

The New Hampshire House pulled an about-face last night, axing a bill they crafted that would have legalized limited amounts of cannabis possession, sales and cultivation for adults 21 and up.

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Faith Leaders Call On NY Legislature To Pass Medical Marijuana Bill

Yesterday, dozens of patients, caregivers and healthcare providers travelled from all corners of New York – including Buffalo, Long Island, Syracuse, Hudson Valley, and New York City – to call on the Senate to pass the comprehensive medical marijuana proposal known as Compassionate Care Act. The Compassionate Care Act would allow seriously ill New Yorkers access to medical marijuana under the supervision of their healthcare provider. The bill has passed the Assembly four times, was included in the Assembly’s budget proposal, and has strong bi-partisan support in the Senate. But [...]
California Supreme Court Denies Medical Marijuana Cultivation Hearing

In a disappointing setback for Prop 215 patients’ rights, the CA Supreme Court denied review of the Maral v Live Oak appellate decision, which upheld the right of local governments to completely ban personal use cultivation by medical marijuana patients. In a lawsuit sponsored by Cal NORML, attorney Joe Elford had petitioned the Court to depublish the Live Oak decision, arguing that such bans violate Prop. 215 and SB 420. SB 420 sets a statewide cultivation guideline of six mature or 12 immature plants and specifically authorizes local governments to establish higher – but [...]
Study: Medical Marijuana Legalization Doesn’t Increase Crime

An argument that marijuana reform opponents almost always cling to is that legalizing marijuana (recreational and medical) will lead to more crime. It’s an argument that has been used since the dawn of reefer madness. I actually had someone e-mail me recently to tell me that when people smoke marijuana, they will do whatever they can to get more, including assaulting people and robbing them of their money. I had to explain to the person that we are talking about marijuana, not meth. I didn’t receive a response. According to [...]
American Academy Of Neurology Endorses Medical Marijuana

Washington D.C. is an interesting arena in the world of marijuana reform. Colorado and Washington have already legalized marijuana, and Alaska might join them in August. Hopefully my home state of Oregon gets in gear and gets legalization on the 2014 ballot and passes it. If so, that would make four legalized states. But I don’t find any of them quite as interesting from a public policy standpoint as I do Washington D.C.. D.C. is not a state. If marijuana reformers there can get legalization on the ballot in 2014, [...]
Poll: 49% Support Marijuana Legalization In Washington DC, 39% Oppose

Washington D.C. is an interesting arena in the world of marijuana reform. Colorado and Washington have already legalized marijuana, and Alaska might join them in August. Hopefully my home state of Oregon gets in gear and gets legalization on the 2014 ballot and passes it. If so, that would make four legalized states. But I don’t find any of them quite as interesting from a public policy standpoint as I do Washington D.C.. D.C. is not a state. If marijuana reformers there can get legalization on the ballot in 2014, [...]
Supposed ‘Medical Marijuana’ Measures In Alabama, Utah Are Anything But

By Paul Armentano, NORML Deputy Director At a public signing ceremony, Utah’s Republican Gov. Gary Herbert approved House Bill 105 — aka “Charlee’s Law.” The law, and others like it, ostensibly allows children with treatment-resistant pediatric epilepsy access to extracts of the marijuana plant high in the cannabinoid cannabidiol (CBD). While some media outlets are reporting that the passage of these measures are akin to ‘approving medical marijuana,’ such claims are far from accurate. Specifically, Utah’s HB 105 — which takes effect on July 1 — is largely unworkable. As written, the law only exempts [...]
Over Two-Thirds Of Delaware Voters Support Marijuana Decriminalization

DOVER — More than two-thirds of Delaware voters (68%) support removing criminal penalties for marijuana possession and making it a civil offense, punishable by a fine of up to $100 with no possibility of jail time, according to a Public Policy Polling survey released Tuesday by the Marijuana Policy Project. Only 26% said they were opposed. Under current Delaware law, it is a criminal offense for a person to possess a small amount of marijuana, and he or she can be sentenced to up to six months in jail and [...]
Missouri Marijuana Reform Fundraiser Raises Over $8,000

By John Payne Last Thursday’s Spring into Action Money Bomb raised a total of $8,326 to advance cannabis law reforms in the legislature this session! That figure includes $5,251 in one-time contributions and $615 in new recurring contributions, which we counted at five times the rate of one-time contributions because of the tremendous long term value and stability they provide. Tremendous thanks to everyone who contributed their money or time or both to make the money bomb a success. You all have my deepest gratitude, and you are making this country and [...]
Hawaii Lawmakers Give Unanimous Approval To Studying Hemp

Courtesy of The Joint Blog Hawaii’s House Committee on Agriculture, and the state’s House Judiciary Committee, have both voted unanimously in favor of Senate Bill 2175, a proposal to establish a two-year research program to study the effectiveness of using hemp for remediation and biofuel. The measure has already passed the Senate unanimously. If approved into law, Senate Bill 2175 would “authorize the dean of the college of tropical agriculture and human resources at the University of Hawaii to establish a two-year industrial hemp remediation and biofuel research program.” The dean would be permitted to “submit a [...]
Marijuana Ballot Measures Likely To Increase Overall Voter Turnout

By Paul Armentano, NORML Deputy Director Marijuana-related initiatives are likely to increase voter turnout, according to polling data released by George Washington University. Nearly four out of ten participants in the nationwide survey said that they would be “much more likely” to go to the polls if an initiative seeking to legalize marijuana appeared on the ballot. An additional 30 percent of respondents said that they would be “somewhat” more likely to participate in an election that also included a marijuana-specific ballot measure. Presently, two statewide cannabis reform measures have qualified to [...]

Marijuana and Cannabis News

Medical marijuana dispensary review: Kind Meds in Denver
My high school didn't have shop class. The only way we could learn about using power tools was through tech theater classes, in which we were used as slave labor to build sets for the plays. That also included painting faux wood finishes that looked great at twenty feet but completely horrid on close inspection. I dredged this memory up the instant I walked into Kind Meds and saw the thick, hand-brushed, brown-red stain on the doors, doorframes and the window molding. From twenty feet away, it probably looks a bit like fancy oak or mahogany . The only problem is you can't get twenty feet away in a dispensary that is only ten feet wide, so instead it looks like cheap birch with a heavy stain.

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Marijuana: Health department wants to limit private caregivers and patient grows
The Colorado Department of Public Health is looking to limit the number of patients that private medical marijuana caregivers can serve, as well as put a cap on the number of plants an individual may grow. Currently, caregivers can serve more than five patients by applying for a "medical necessity" waiver from the CDPHE and plant counts can be increased from just six with a doctor's recommendation, which is often the case with patients who make their own concentrates or edibles.

CDPHE officials say that they'll be asking the legislature to craft new laws clarifying their stance on caregivers and home growers, but before that can happen, the CDPHE will be holding a "Town Hall Meeting" for public comment on the proposed rule changes.

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Marijuana: Recreational sales didn't change medical patient numbers in January
Despite the start of recreational sales, there was no drop in active-patient red cards in January. According to statistics released by the Colorado Department of Health and Environment last week, the number of registered medical marijuana patients in the state actually grew by a few dozen people between the end of December and the end of January.

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State Supreme Court says lawyers can legally advise cannabis businesses
The Colorado Supreme Court has ruled that Colorado attorneys can advise medical and recreational marijuana shops to follow state laws, even though such laws are in complete contradiction to federal laws that Colorado attorneys all vow to uphold. Back in December, the Colorado Bar Association had released a formal opinion that attorneys were not allowed to counsel dispensary owners "in structuring or implementing transactions which by themselves violate federal law." Basically, that meant attorneys couldn't help draft contracts or advise their clients how to run a legal medical or recreational dispensary.

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California Democrats have approved a party platform including a plank calling for marijuana legalization, marking a major shift for the state party. As the San Francisco Chronicle reports, state party delegates moved Sunday to adopt a platform that includes support for “the legalization, regulation and taxation of pot in a manner similar to that of tobacco or alcohol.” The platform was adopted by a near-unanimous voice vote. Medical marijuana news placed in the "top ten" of all news reported in 2010. Puruse the headlines as they are told, keep abreast of the issues as they unfold. Digest the news as food for thought. Help keep medical marijuana news in the "top ten" topics for 2011. Spread the word; keep in touch with the times, the ever-changing policies that govern our regions, and the the political directives that affect our lives.