Cannabis Technology News

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Mon
06
Apr

Marijuana Industry Payment Platform Wins Strategic Relationship to Deploy Technology

SAN DIEGO, March 31, 2015 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTC Pink:GOHE), a leading provider of international electronic payment solutions, announced today that it has entered into a strategic relationship with CannaTrac™ Technology, Inc. (CannaTrac™) for the deployment of Global Payout's closed-loop marijuana industry payment platform. As announced on March 18, Global Payout has developed a closed-loop payment system that resolves the unique challenges present in the fast-growing medical cannabis and recreational cannabis industries by reducing the risks associated with cash transactions, and by solving the crucial payment and transaction execution issues currently plaguing the industry.

Sat
04
Apr

THE WATCHDOGS: Pot cops move from fighting drugs to protecting now-legal industry

As cops, part of their jobs was to put away drug sellers and users. Now, former law enforcement officials are doing private security work for Illinois’ now-legal medical marijuana industry.

“I became a policeman in 1968,” says Terrance “Terry” Gainer, a former Chicago homicide detective and chief police legal adviser who went on to lead the Illinois State Police and the U.S. Capitol Police and is now a security adviser for a company that has been granted state permits to grow and sell medical marijuana. “I did not conceive that in the year 2014 I would be working for a company interested in the medical marijuana business.”

Sat
04
Apr

Bud Genius Adds Financial Expert to Executive Advisory Board

Bud Genius Inc. (RIGH 0.0002 -33.33%), a leading cannabis laboratory and branding specialist, recently announced the addition of Dr. Peter Wilson, Ph.D., to its Executive Advisory Board. Dr. Wilson is a well-known and highly-respected expert in accounting, financial reporting, and business law with over 25 years of experience in corporate finance and 19 years at Duke University’s Fuqua School of Business.

Fri
03
Apr

Lansing marijuana policy could get Hash Bash spotlight

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About 20 marijuana plants sit on a table Wednesday, April 1, 2015, at Puff-n-Stuff on Grand River Avenue in Lansing. The dispensory sells plants, harvested marijuana, edibles and other products.(Photo: Dave Wasinger/Lansing State Journal)Buy Photo

LANSING – Mayor Virg Bernero's planned speech Saturday at Hash Bash in Ann Arbor is expected to get plenty of attention, but it's unclear if words will lead to any action that makes Lansing's policy on the drug easier to understand and enforce.

The city already allows limited use of marijuana beyond medicinal purposes. Bernero is expected to help drive the effort for a possible 2016 ballot initiative that would make recreational use of the drug legal in Michigan.

Fri
03
Apr

Sixteen benefits from the ‘War on Drugs’

It is widely assumed that the so called ‘war on drugs’ (the war between drugs), has been a disastrous failure, and faced with mounting evidence and criticism, governments would eventually seek legislative and policy change. The evidence presented is largely based upon an analysis of the inability of drug prohibition to reduce the supply and demand for banned substances, supplemented by a critique outlining the widespread harms caused by prohibition.

Fri
03
Apr

Inside the Cannabis New-Money Dating Game

As one of the fastest growing sectors in America, legal cannabis and its ancillary markets are attracting investors eager to take part in the “green rush,” and opportunities for partnerships  abound.

“2014 was the year where the cannabis industry went from being an interesting cocktail conversation to something any serious business person has given a fleeting thought,” said Troy Dayton, cofounder of The ArcView Group.

Thu
02
Apr

Cyprus set for new roadside drug testing

MPs appear to have found common ground to pave the way for an upgraded law in which motorists could be subject to roadside drug testing.

The police are determined to combat the menace of drug-driving, which is thought to also play a hand in Cyprus’ dismal road safety record. Moves to bring in ‘drugalysers’ for roadside tests on drivers had been hampered by poor technology and failure to agree on how the testing would be conducted

But a solution has been found during the latest session at the House Legal Affairs Committee.

Blood tests are set to be ruled out with saliva samples to be taken instead according to the new bill which is now set to go before parliament.

Wed
01
Apr

Driving While High On Weed: New App Could Allow Marijuana Users To Monitor Sobriety From ...

Researchers have created a smartphone app that could help determine whether someone is too high to get behind the wheel and would allow police to identify impaired drivers, an important development for law enforcement and marijuana consumers alike as more states move toward full marijuana legalization. The app, developed by researchers from Arizona State University in Tempe, Arizona, uses high-speed cameras to detect involuntary, jerk-like eye movements associated with marijuana use, according to the State Press. The technology was unveiled earlier this month.  

Wed
01
Apr

The World’s First Hemp Plane To Take Flight From Kitty Hawk, North Carolina

Hempearth is proud to be producing the world’s first hemp plane.

Ontario, Canada — Hempearth Group Ltd. (Hempearth) has a contract in place to build an aircraft made almost entirely out of hemp and aims to fly the hemp plane this Fall or next Spring from Kitty Hawk, N.C., site of the Wright Brothers’ historic take off. The hemp plane is a four-seater, two engine aircraft with a cruising speed a little over 210 miles per hour (340 kph), a wingspan of 36 feet (12 meters), that will be built from at least 75% hemp. And, the plan is for it to run completely on hemp biofuel. More information here: http://hempearth.net/the-hemp-plane

Tue
31
Mar

Tarpon Springs ‘hemp house’ owner an ambassador for the crop

TARPON SPRINGS — Bob Clayton’s first encounter with hemp was at a health food store where the fibrous plant was sold in bottles as an ideal source of protein and omega acids.

At the time, he had no idea of the many uses for the tall cannabis plant, which Florida farmers are banned from growing due to its association with its psychoactive relative, marijuana.

The two happen to come from the same plant, but industrial hemp’s chemical makeup doesn’t produce a high.

What its fibrous stalks can produce is durable clothing, paper and even car dashboards.

Clayton, a retired engineer, also saw its potential as an Earth-friendly fiber for construction.

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