Tag Archive for: Cannabis

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Mnuchin Comments on Federal National Mortgage Assctn Fnni Me(OTCMKTS:FNMA) and Federal Home Loan Mortgage Corp(OTCMKTS:FMCC)

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Treasury Secretary Steven Mnuchin recently commented on mortgage-finance giants, Federal National Mortgage Assctn Fnni Me(OTCMKTS:FNMA) and Federal Home Loan Mortgage Corp(OTCMKTS:FMCC), and noted that overhauling the mortgage financing system is crucial.

 

Mnuchin stated, “We are committed to working with the House and the Senate on having a reform package that makes sure that we promote necessary liquidity in the housing markets.” However, the Treasury Secretary noted that the overhaul isn’t a focus in…

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Denver marijuana shops get green light to stay open until 10 p.m.

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Denver marijuana licensees on Monday received permission from the city to keep their stores open until 10 p.m. — a move the industry says will help it compete with businesses in some neighboring cities.

Stores that offer recreational or medical marijuana sales (or both) will get the option to adjust their hours beginning May 1. Denver has 218 storefronts, making up the lion’s share of stores in the metro area.

The City Council approved a change to the city’s allowed sales hours —…

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Gov. Branstad to likely sign medical marijuana bill

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DES MOINES, Iowa (KCRG-TV9) — Governor Branstad says he’ll likely sign the medical marijuana bill into law.

Iowa Gov. Terry Branstad signs a bill into law on Feb. 17, 2015. (Courtesy: Office of the Governor of Iowa)

The bill expands access to medical cannabis to people with more than a dozen conditions.

It passed the Senate. But its fate was uncertain in the House. During his weekly news conference Monday, Branstad said he was pleased the legislature reached…

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Oregon signals more inspections of marijuana cultivation sites

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An adviser to Oregon’s Gov. Kate Brown said state inspections of cannabis cultivation sites will become more frequent now that additional facilities have been licensed.


MJBizConSpeaking with local officials in southwestern Oregon, Jeff Rhoades didn’t offer any details about how inspections would be increased, the Grants Pass Daily Courier reported.

According to the newspaper, only 13 cultivation sites were inspected last year in Josephine County – where Grants Pass is the county seat – out…

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The Cannabist honored with journalism awards for health, business coverage

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There are scores of stories to be told about the evolution of marijuana legalization in America, and cannabis journalism is receiving mainstream recognition.

The Cannabist’s Alicia Wallace, who covers national business and policy matters along with Colorado-based topics, has received multiple honors for her in-depth reporting in the past year. The Denver Post, which oversees The Cannabist, also picked up a number of awards for topical marijuana coverage.

Wallace, who worked on The Denver…

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Medical Marijuana Patient Registry Opens in Maryland

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HWN | April 24, 2017

ANNAPOLIS, MD — After lengthy delays, the Maryland Medical Cannabis Commission has opened up the patient and caregiver registry for the state supervised medical marijuana program.

Starting Monday April 24, open enrollment for all patients and caregivers is available on the agency’s website.

The registry was opened in a three-phase roll-out earlier this month. Previously, patients and caregivers with last names starting A through L could only register in the week beginning…

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Mayor Hancock: Denver to review 4/20 event that left Civic Center in “disrespectful state”

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Denver Mayor Michael Hancock on Monday ordered a city review into rampant fence-hopping, public pot-smoking and slow trash cleanup that left Civic Center in a “disrespectful state” during and after last week’s 4/20 celebration.

Delivering his most forceful critique of the annual event, Hancock said the city’s inquiry could yield penalties for organizers and affect how the event unfolds in future years.

“Our parks and public spaces are held in the public trust. … When you leave…

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Second New York medical cannabis firm launches home delivery

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Vireo Health, one of the five licensed medical marijuana companies in New York, rolled out home delivery for its patients late last week, reportedly the second in the state to do so.


MJBizConVireo, which first obtained permission from the state in January to deliver medical cannabis instead of requiring patients to pick up purchases at storefront dispensaries, has launched its service by offering deliveries in the boroughs of Queens and Brooklyn, as well as in Nassau and Suffolk counties on Long…

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Chili peppers and marijuana calm the gut, study suggests

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You wouldn’t think chili peppers and marijuana have much in common. But when eaten, both interact with the same receptor in our stomachs, according to a new paper. The research could lead to new therapies for diabetes and colitis, and opens up intriguing questions about the relationship between the immune system, the gut and the brain.

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Genetic factors may contribute to adverse effects produced by synthetic cannabinoids

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Synthetic cannabinoid abuse is a growing problem in the US. New discoveries tied to genetic factors that increase a person’s risk for experiencing the most dangerous effects of these drugs could lead to more effective treatments and antidotes.

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A Veteran Returned Home With PTSD And Pain, So He Became A Medical Marijuana Patient

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Leo Bridgewater is a 42-year-old father of two, a veteran who served three tours of duty in the Army and a former Defense Department contractor who worked as a specialist in microwave and satellite communications in Afghanistan and Iraq. He’s also a medical marijuana patient who uses the plant to manage the trauma he sustained as a result of his service.

“I have an uncle who was special forces in Vietnam ― he was into the medicinal value of cannabis, and he is also someone who I counsel with on a regular basis. It was through his…

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Smoke-in demonstration leads to arrest of four marijuana activists

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We can do this again.” Twenty-nine states and the District allow for the use of medical marijuana. Recreational marijuana is allowed in the District, Alaska, Colorado, Massachusetts, Maine, Nevada, California, Oregon and Washington.

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Alaska orders Anchorage marijuana club to shut down

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Marijuana businesses in Anchorage, Alaska, have for years now been pushing the envelope of what’s acceptable by state regulators, and recently they got another answer on one thing that’s not: cannabis social clubs.

The only club in Anchorage, Pot Luck Events, which has been operational since 2015, was ordered to close by the Alaska Alcohol and Marijuana Control Office (AMCO), which said the business was illegal and was risking the wrath of the U.S. Department of Justice, TV station KTUU…

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Just Say “No” to Taxpayer Funded Medical Marijuana Raids

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Justin Strekal | April 24, 2017

Since 2014, the Department of Justice has been prohibited from using taxpayers’ funds to enforce federal anti-marijuana laws in states that regulate its medical use.

But that could all change this week as Congress decides how to fund the federal government for the remainder of this fiscal year. 

At issue is a provision known as the Rohrabacher-Farr amendment, which maintains that federal funds can not be used to prevent states from “implementing their own state…

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Looking for B2B Customers? See a Doctor

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Doctor working on a virtual screen. medical technology concept. pulseWhere are you putting your B2B budget, time and energy for the rest of the year? You might want to consider checking in with a doctor or two.

Forbes.com recently looked at five booming sectors B2B marketers should consider when looking for new places to focus energy and budget this year, and the medical sector is a significant target audience.

Not surprisingly, augmented reality and virtual reality were high on the list for where to allot budget dollars,  for the way they can help brands immerse potential customers in an experience with…

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Medical Marijuana Still About A Year And A Half Away In Ohio

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(Cleveland) – If you’ve been wondering when medical marijuana will be available in Ohio, it’ll be a while. That’s because only the basic framework is in place for the state’s medical marijuana program, which, under state law, doesn’t have to be fully in operation until September 8, 2018.

A commission run jointly by the Ohio Board of Pharmacy, the Ohio Medical Board, and the Ohio Department of Commerce is still establishing the rules.  There will be specific rules for cultivators, processors, testing labs, dispensaries,…

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This 11-Year-Old Boy Is The UK’s First Medical Cannabis Patient

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A young boy in Northern Ireland will be the first in the UK to legally use medical cannabis. 11-year-old Billy Caldwell from Castlederg has a rare and severe form of epilepsy. Now, he finally has the chance to access a simple and safe medicine that may save his life right in his hometown. To his mother, Charlotte Caldwell, this news seems almost too good to be true.

The UK has its first medical cannabis patient

Northern Ireland Boy 1 This 11 Year Old Boy Is The UKs First Medical Cannabis Patient
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Billy has not yet reached his teen years and he already suffers from daily…

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POT BOOM: Less Cheech and Chong and more doctors and lawyers at medical marijuana expo in Pennsylvania

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Editor’s note: This is the first in a series of stories on medical cannabis and how its legalization will impact Pennsylvanians.

PITTSBURGH >> It’s been a year since Gov. Tom Wolf signed the bill making medical marijuana legal in Pennsylvania – planting the seeds of capitalism in a new industry.

Now one of the biggest signs that this industry could be about to explode was seen Friday along the banks of the…

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World Medical Cannabis Conference & Expo

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NBC10’s Alicia Lozano attended the World Medical Cannabis Conference & Expo in Pittsburgh, Pennsylvania over the weekend. During her time there, she spoke with Jake Eerie as he made a glass water pipe, State Senator Daylin Leach about why he believes recreational marijuana will come to Pennsylvania, State Senator Mike Folmer about his experience using cannabis-based treatments during chemotherapy and Delaware mother Janie Maedler about how cannabis-based medicine helps her 11-year-old daughter cope with seizures.

Published at 12:05 AM EDT on…

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LACINA: Medical marijuana facility a poor fit for area

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Recently my family closed on our first home, a home in the country where my husband could keep horses for work and our young daughters could play outside with the security a private lane brings.. 

…

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Group: NM sees $800K in medical cannabis revenue on 4/20

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Sun-News Reports , .
Published 5:58 p.m. MT April 21, 2017 | Updated 21 hours ago

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An estimated $800,000 in medical cannabis was sold in New Mexico on 4/20, three times the revenue over the same period last April 20, according to Ultra Health. Keri Hensley/USA TODAY NETWORK
Wochit

ALBUQUERQUE — An estimated $800,000 in medical cannabis was sold in New Mexico on Thursday, three times the revenue over the same period last April 20, according to figures released…

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Chicago law firms cultivate new cannabis-specific practices

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CHICAGO — Law firms throughout Chicago, from national firms to solo operations, are carving out cannabis practices as marijuana use gains acceptance.

Firms are increasingly offering to help companies navigate the highly regulated world of medical marijuana in Illinois and elsewhere, the Chicago Tribune (http://trib.in/2p0I5LG ) reported.

The stigma surrounding the federally illegal drug has barred some firms from advertising their cannabis practices.

Dina Rollman and Bryna Dahlin formed a firm in January 2016 to focus on the cannabis…

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Videos from Civic Center show park was left a mess overnight after 4/20 event

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Videos recorded by city security cameras in Civic Center show that cleanup activities following the large 4/20 celebration late Thursday night left plenty of trash strewn about the park.

The clips, provided to The Denver Post by police in response to a public records request, show that organizers, volunteers and a hired cleanup crew didn’t make much headway after the pro-marijuana event ended around 8 p.m. and vendors cleared out of the park in the hours afterward.

In a few locations,…

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Study: National medical marijuana laws would save lives — and a billion taxpayer dollars

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A fascinating study in Health Affairs last year by a father-daughter pair of public policy researchers found that Medicare prescriptions for things like painkillers, antidepressants and anti-anxiety medications dropped sharply in states that introduced a medical marijuana program.

The implication? Offered the choice between taking medication prescribed by a doctor and self-medicating with pot, many older patients opted for the latter.

But the study left one big question unanswered: Since the…

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West Virginia Opens the Door to Medical Cannabis

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Support for legal cannabis at an all time high as West Virginia is poised to become the 29th State to legalize marijuana.

In August, 2016, the West Virginia Center for Policy and Budget published a report exploring the potential budgetary and economic impacts of legalizing marijuana in the state. The report’s findings helped make serious headway in the discussion for legalizing marijuana both for medicinal benefits, as well as to fix West Virginia’s estimated $300 million projected budget deficit in 2018. The report cited the shift in…

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Here’s how Jeff Sessions has disrupted marijuana industry with words alone

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As cannabis enthusiasts celebrate 4/20 across the country, the long shadow of the Trump Administration isn’t just a major buzz kill — it has also has sent chills across a blossoming cannabis industry and the wider decriminalization and legalization movement.

The administration has yet to crack down on enforcement of federal drug laws in its first 92 days, and as the 420 holiday weekend rambles on, the president has remained silent on the issue. Instead, he has allowed new Attorney General…

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Denver cannabis church’s debut doesn’t go exactly as planned

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A musky marijuana bouquet wafted into a south Denver neighborhood as 4:20 p.m. approached on 4/20.

The International Church of Cannabis, which claims marijuana as its primary sacrament, officially opened for services at 3 p.m. Thursday in a 113-year-old house of worship at 400 S. Logan St. in the West Washington Park neighborhood.

At 4:20 p.m., Elevation Ministries leader Steve Berke called on the approximately 70 congregants in the main sanctuary to join him in silence with their sacrament….

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Marijuana tech company MJ Freeway nets $3M in financing

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A day after winning Pennsylvania’s medical marijuana seed-to-sale tracking contract, MJ Freeway said Friday it has received $3 million in Series B extension financing.

The financing – which comes from existing investors Tao Capital Partners, based in San Francisco, and venture capitalist Roger McNamee – brings to $11 million the amount of money Denver-based MJ Freeway has raised in its Series B round, according to a news release.


MJBizConThe money will fund market expansion, the company…

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7 protesters arrested for handing out free joints near U.S. Capitol

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WASHINGTON — The conflict between federal and local laws on marijuana played out in the shadow of the Capitol on Thursday, when seven pro-pot activists were arrested for doing something that’s been legal in Washington for the past two years — handing out free joints.

U.S. Capitol Police said in a statement that they invoked federal law in making the arrests. Two women and one man were charged with possession with intent to distribute pot, while four women were charged with simple possession,…

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Oregon vineyard owners sue to halt nearby cannabis cultivation

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Oregon vineyard owners in the heart of the state’s wine region filed a lawsuit asking a judge to ban a neighbor from cultivating marijuana, complaining that the smell of cannabis could drift over and taint their grapes.

The suit could foreshadow a larger issue: Will expanding cannabis cultivation, particularly in states such as California and Oregon, cause conflicts with the already-established wine industry?


MJBizConThe Oregonian reported that Momtazi Vineyard – in Yamhill County, southeast…

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Breaking the Green Ceiling

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These five women, from different areas of the medical marijuana business, exude the qualities and badass-ness that is teeming in the female founders of the industry. Adriana Tysenn’s grandmother used to tell her, “La mota es el Diablo.” Marijuana is the devil.

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Canadian medical marijuana grower Aphria lands CA$100M

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Aphria, one of Canada’s largest licensed medical marijuana producers, announced it has secured 100 million Canadian dollars ($74 million) in financing.

The financing will be used mostly to expand Aphria’s production capacity, which “is expected to supply more than 75,000 (kilograms) of high-quality cannabis at one of the lowest costs in the industry,” CEO Vic Neufield said in the release.

According to the release, CA$75 million of the total funding comes from equity financing, while the remaining CA$25…

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Time Runs Out on Compromise to Fix Maryland Medical Cannabis Program

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After long and difficult negotiations and consultation with advocates, industry stakeholders, and the Attorney General, legislators agreed on a compromise bill, HB 1443, to address the lack of diversity in the Maryland medical cannabis industry without delaying the program. Unfortunately, the clock ran out on the last night of session and the final vote occurred at 12:02 a.m. — just after the end of session.

This is really unfortunate for two reasons. First, because two lawsuits that would have been dismissed if the bill had passed will…

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Vermont Moves Closer to Legalizing Recreational Marijuana for Adults

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Marijuana Policy Project | April 21, 2017

MONTPELIER, VT — The Vermont Senate approved a bill on Friday that would regulate the production and sale of marijuana and eliminate penalties for personal possession and cultivation by adults 21 and older.

The Senate amended H. 167, an unrelated House-approved bill, to replace it with a revised version of a marijuana regulation bill that passed last year in the Senate and failed in the House.

The Senate also amended H. 167 to include the same home cultivation…

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Study: Medical Marijuana Legalization Linked to Lower Medicaid Costs

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(Sonya Yruel/Drug Policy Alliance)

Paul Armentano | April 21, 2017

Patients use fewer prescription drugs in states where access to medical cannabis is legally regulated, according to data published in the journal Health Affairs.

Investigators at the University of Georgia assessed the association between medical cannabis regulations and the average number of prescriptions filled by Medicaid beneficiaries between the years 2007 and 2014.

Researchers reported, “[T]he use of prescription drugs in…

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Denver wakes up to Civic Center Park covered in piles of trash after 4/20 rally

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Denver woke up Friday to piles and piles of trash covering Civic Center the morning after the annual 4/20 rally downtown.

The garbage was mostly strewn around trash cans and appeared to have been pulled out of bags and boxes that had been emptied and tossed aside.

Early Friday, city workers took photos of the trash piles as people walking to their offices picked their way through the mess, some stopping to stare and take their own pictures. A worker mentioned that the park had been clean the…

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Step Inside The Technicolor World Of The International Church Of Cannabis

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At Denver’s newest church, the aim is to have a mind-altering experience. 

The International Church of Cannabis opened its doors on Thursday after a number of legal roadblocks and considerable media buzz. Painted with vibrant, rainbow-colored murals by Spanish artist Okuda San Miguel and American artist Kenny Scharf, the church is a vision to behold.

“When one takes the sacrament and meditates on the meaning of the murals, one may have what feels like a transcendental experience,” states the church’s website. “In those moments,…

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"Medical marijuana refugee" Laurie Gaddis uses cannabis to treat her skin cancer

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“I’ve been preaching about cannabis cures cancer since 2008,” Laurie Gaddis says. And she’s been preaching it because it works.

Gaddis moved to Colorado from Arizona after she was diagnosed with a rare form of skin cancer she says comes from her father’s exposure to Agent Orange in the Vietnam War. She calls herself medical marijuana refugee for nearly a decade.

The patchwork of state laws under a federal ambiguity that has gotten worse with Attorney General Jeff Sessions’ anti-pot statements has…

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3 cannabis biz events named among top growing trade shows

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Three marijuana business events have been named among the 50 fastest-growing trade shows in the United States, reflecting the cannabis industry’s rapid expansion and future potential.

The Fall Marijuana Business Conference & Expo ranked second nationally for growth in attendance and net square feet of paid exhibit space from 2015 to 2016, according to Trade Show Executive’s newly released “Fastest 50” list.


MJBizConThe event – hosted by Marijuana Business Daily each November in Las Vegas…

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Week in Review: RI rec push slows, pushback on California cannabis plan & China opportunity

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By Omar Sacirbey, John Schroyer and Bart Schaneman

Adult-use legislation takes a hit in Rhode Island, California Gov. Jerry Brown’s proposal for cannabis regulation faces opposition, and a marijuana-related firm sets up shop in China.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Rhode Island rec resistance

Prospects for legalizing recreational marijuana in Rhode Island hit a speed bump this week
MJBizConafter Gov. Gina Raimondo called on lawmakers to…

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Attorney General Sessions Is An Extremist on Marijuana

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Here is Attorney General Jeff Sessions at a Senate Hearing on April 4, 2016:

Of course, this is the same guy who recently said that marijuana is “only slightly less awful than heroin” — which is not only false, but dangerously so.

Yesterday, in honor of 4/20,  CBS released a new poll on American’s attitudes about marijuana. The…

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Two arrested after gunfire near Denver’s 4/20 celebration; no one hurt

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A brief gunfire incident occurred early Thursday evening near the annual 4/20 cannabis celebration in downtown Denver.

Police said nobody was hurt, and officers arrested two people soon after at least one shot rang out near 15th Street and Cleveland Place. It was unclear whether the incident was related to the 4/20 festival.

In all, five people were arrested at the Civic Center event and 20 people were written up with civil citations, police said.

Long lines, some over an hour, greeted…

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Florida medical marijuana deal unlikely to allow smokable flower

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Florida lawmakers are working out a compromise to implement a voter-approved constitutional amendment legalizing medical marijuana, and any deal is unlikely to allow smokable MMJ as a form of treatment.

Smokable medical cannabis would help attract patients to the program and in turn bolster revenue for the state’s MMJ industry.

But Sen. Rob Bradley, an MMJ proponent and bill sponsor, told The News Service of Florida smokable flower is off the table.

“There is agreement between the…

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Queensland business receives licence to cultivate medicinal ca…

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The announcement was made this morning with Steve Dickson MP leader of One Nation in Queensland who has long been an advocate for the use of medical cannabis.

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Colorado PTSD marijuana bill advances to House vote, gains amendments focused on children

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Colorado doctors should be allowed to recommend medical marijuana in treating PTSD symptoms of adults, but there should be additional guardrails when it comes to children, state lawmakers decided Thursday.

An amended Senate Bill 17, which would add post-traumatic stress disorder to Colorado’s list of qualifying conditions for medical marijuana, passed a second reading Thursday in the state House.

“On this auspicious day, we’ve got a serious bill,” bill co-sponsor Sen. Jonathan Singer,…

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Not Everyone Is High On This Police Department's 4/20 Tweet

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Humor is a subjective thing, especially if the subject is something that could get you arrested ― like marijuana.

The weed is illegal in Minnesota, which is why some people aren’t high on this 4/20 tweet from the police department in the town of Wyoming.

Yes, the tweet was meant to be funny, and many people took it that way. It has been retweeted more…

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Risk of psychosis from cannabis use lower than originally thought, say scientists

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Scientists have shown that the risk of developing psychosis, such as hallucinations, from cannabis use is small compared to the number of total users.

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MJ Freeway wins $10M PA medical cannabis tracking deal

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(Note: This story has been updated from an earlier version.)

Embattled MJ Freeway received a key vote of confidence Thursday after Pennsylvania awarded the Denver company a $10 million contract to provide a seed-to-sale tracking system to keep tabs on the state’s new medical marijuana program.


MJBizConThe five-year contract is a shot in the arm for MJ Freeway, given that Pennsylvania’s MMJ market is forecast to generate more than $100 million in annual sales a few years after it’s up and…

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Colorado House rejects late attempt to bar pot use in churches

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The Colorado House on Thursday rejected a last minute attempt to ban pot use in churches, an amendment that was introduced on the same day the controversial International Church of Cannabis opened in Denver.

Proposed by state Rep. Dan Pabon, D-Denver, the amendment to a broader bill on pot use would have barred pot use in churches, while still allowing exceptions for religious purposes. Pabon argued it was needed to protect Colorado’s reputation, after the International Church of…

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Zac Thompson: What Is 4/20 Anyway?

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Cannabis has long been the target of criminalization and its use remains a hotly debated topic. Yet more and more states are legalizing the substance. They’re putting plans into action on how to regulate weed, and with countries like Canada planning legalization by July 2018, there’s no more burying the subculture surrounding cannabis. For those of you less tapped into “weed culture”, you may have heard the words “four twenty” thrown around. But what exactly is 4/20 and why do so many people blaze on this day?

4/20 is typically…

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