Medical Cannabis News

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Wed
11
Mar

Why Greg Engle is Leaving Big Pharma for Medical Cannabis

Written by Greg Engle

I have dedicated my entire career to the health care industry because it's important to me to spend my life doing something that helps people. Now, after more than 25 years, I have decided to leave behind the big pharma establishment in order to embark on a new journey on the cutting edge of health care, as the first CEO of Tilray, Canada's leading licensed producer of medical cannabis.

Here are the top five reasons why:

Wed
11
Mar

Poland - Medical marijuana on the table for epileptic children

The first patient to undergo marijuana therapy, a 5-year-old boy called Maks, used to have up to 300 seizures daily, although that number has now dropped by as much as 90 percent, Dr Marek Bachański at the Institute told the PAP news agency.

Other patients under the care of Dr Bachański have also seen a drop in seizures.

Bachański told PAP that in most cases, the child’s parents opt for this form of therapy. “I sometimes also propose [such therapy], although it’s never [a] forced [decision],” he underlined.

Dr Bachański said that even though a small group of child patients had undergone testing with medical marijuana, the results show “effectiveness”, with minimal side-effects, usually drowsiness, fatigue and problems with appetite.

Wed
11
Mar

The Tricky Thing About Medical Marijuana and Your Tax Return

Twenty-three states and the District of Columbia have legalized medical marijuana, but don't expect to use it as a write-off on your federal tax return.

That’s because the federal government still recognizes the drug as illegal.

"When federal law gets to the point where it's not illegal federally -- because it's just states that have it legal -- once Washington decides that it's going to be legal, then at that point it might be deductible,” said Tom Wheelwright, founder of the CPA firm ProVision. “But right now, it's not."

What about state tax returns?

Wed
11
Mar

Landmark medical marijuana bill introduced in US Congress

Washington (AFP) - US senators on Tuesday introduced the most comprehensive legislation on medical marijuana ever brought before Congress, a bipartisan effort aimed at ending federal restrictions on the increasingly accepted treatment.

Twenty-three states already allow the use of cannabis to treat medical conditions like multiple sclerosis (MS) and epilepsy, but federal law still exposes users of the drug to potential investigation and arrest.

"Highly-trained officials in our country -- doctors and scientists, medical personnel -- are unable to prescribe and recommend drugs that could alleviate the pain and suffering of their patients," Senate Democrat Cory Booker told reporters.

Tue
10
Mar

Tennessee House Committee Approves Bill to Legalize Cannabis Oil

A bill to legalize cannabis oil in Tennessee for medical purposes passed its first legislative hurdle Tuesday, but it did so with a slight change.

The bill, from Rep. Jeremy Faison, R-Cosby, passed the House Criminal Justice Subcommittee with a few amendments. It now requires someone who wants to use the oil to have a letter from a doctor saying the person who needs the oil suffers from seizures.

Tue
10
Mar

Is marijuana a new growth industry for Ohio?

Ian James, architect of a proposal to legalize pot in Ohio, said it stemmed from a simple notion: "Let's take this from the tie-dye to the suit-and-tie approach to marijuana."

James, CEO of the Strategy Network, a Columbus political consulting firm, turned to Cincinnati lawyer Chris Stock for help. Would Stock draft a proposed amendment to the Ohio Constitution that would outline how pot would be regulated for personal and medical use? "I've never used marijuana in my life," Stock told James. "I'm not sure I want to be involved." But he relented.

Tue
10
Mar

Pot power a pricey concern for Vegas’ medical marijuana industry

Early last year, the broker for a 100,000-square-foot warehouse near Las Vegas called the power company to find out how much juice the building would need.

Longtime NV Energy executive Arnold Lopez went out to meet a group on the site and asked what kind of business they planned.

After some hesitation, they told him: medical marijuana cultivation.

Lopez asked questions and started doing some quick math. And, as he recalled, “All of a sudden I came up with numbers I’d never seen before.”

That single marijuana-growing operation, he estimated, could require 5 megawatts of capacity — enough to power 1,000 homes. That’s about 5 percent of the capacity of an entire substation.

Tue
10
Mar

Sens. Booker, Gillibrand and Paul unveil federal medical marijuana bill

A historic Senate medical marijuana bill unveiled Tuesday would dramatically reshape the landscape for the plant, nearly 80 years after it was effectively criminalized.

The bill, introduced by Sens. Cory Booker (D-N.J.), Kirsten Gillibrand (D-N.Y.) and Rand Paul (R-Ky.), would end the federal prohibition on medical marijuana and eliminate the ambiguity surrounding related state laws. It would untie the hands of veterans’ doctors when it comes to recommending the drug and bankers when it comes to providing business services to the industry. It would also facilitate very limited inter-state trade, expand research and shift marijuana out of the most severe category in the federal government’s drug classification.

Tue
10
Mar

Minnesota medical marijuana manufacturers prepare for business

Minnesota medical marijuana manufacturers have lined up several dispensary sites throughout state and are set to have the first harvest over the next few weeks.

In Minneapolis, construction is under way on the city's first dispensary — a standalone 100-year-old downtown building that once housed the League of Catholic Women. This summer, it is expected to be one company's flagship dispensary.

The state Department of Health has approved two manufacturers, LeafLine Labs and Minnesota Medical Solutions, also known as MinnMed, to grow, process and sell medical cannabis in pill or oil form to Minnesotans starting July 1.

Tue
10
Mar

Medical marijuana on the table for epileptic children

The Children’s Memorial Health Institute in Warsaw has started using medical marijuana to treat nine children with extreme cases of epilepsy, with doctors praising initial results.

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