Medical Cannabis News

Synonyms: 
mmj
Sun
01
Mar

Idaho may follow Virginia to approve marijuana oil

BOISE, Idaho

Ten-year-old Alexis Carey has a rare but intractable form of epilepsy, Dravet Syndrome. The genetic disease causes severe and multiple seizures, which often leave parents guessing if the terror of watching their child seize up will pass or turn fatal.

Her Boise, Idaho, family learned that oil extracted from marijuana had helped other children and wanted to see if it would help Alexis too.

"Parent to parent, when you're in a small community and 10 people that you know are all having success, that's no longer anecdotal," Clare Carey, her mother, said. "That's hope."

Sun
01
Mar

State Of Pot In Colorado A Year After Marijuana Legalization

Colorado has released its first annual report on the status of the marijuana market a year after legalization in the state. It shows a growing industry that has sold nearly 75 tons of cannabis flower and almost 50 million units of pot edibles.

A year after the first licensed marijuana retail stores opened in Colorado, the Marijuana Enforcement Division says the state has sold nearly $700 million of medical and recreational marijuana in 2014. More than half of that, or $386 million, was spent on medical marijuana while $313 million accounted for recreational use.

Sun
01
Mar

Medical marijuana industry competing for limited pool of investment dollars

VANCOUVER -- The free-for-all era of Canada's commercial medical marijuana industry is over as a new crop of growers try to woo scarce investment dollars in an increasingly competitive business, observers say.

Boris Ziger, CEO of Matica Enterprises Inc., said the short-lived days of unbridled growth ended soon after last year's change in federal regulations that shifted medical-marijuana production to commercial enterprises from patients growing their own pot.

He said the stock market went "absolutely crazy" in the spring of 2014 as various companies began branding themselves as pot producers in hopes of cashing in on what was really "irrational exuberance you hear about in business school."

Sun
01
Mar

Medical marijuana grower with track record wants to cultivate pot in Central New York

Syracuse, N.Y. - The first U.S. public company allowed to raise money on the stock market to produce and sell medical marijuana wants to grow pot in Central New York.

Terra Tech Corp., of Irvine, Calif., plans to apply for a state license to cultivate and dispense medical marijuana in New York, said Derek Peterson, the company's CEO.

"We're looking at Central New York for cultivation," Peterson said. "If you want a retail footprint around the state, you want cultivation and production centrally located adjacent to major arteries to provide access to all the retail locations."

The company has not picked a Central New York location yet, he said. Peterson said dispensaries would be scattered around the state in places such as Ithaca, Albany, Manhattan and Brooklyn.

Sat
28
Feb

60 tribes gather in Tulalip to talk marijuana

Tribal leaders, lawyers and marijuana-industry representatives gathered in Tulalip for the nation’s first tribal marijuana conference, an event that served as much as a policy debate on the merits of legalization as it did an educational session.

Hundreds of tribal leaders, lawyers and marijuana-industry representatives gathered in Tulalip on Friday for the nation’s first tribal marijuana conference, an event that served as much as a policy debate on the merits of legalization as it did an educational session.

More than 60 tribes from at least 25 states were represented, said Erica Curnutte, who organized the event.

Sat
28
Feb

Colorado Marijuana Businesses Growing Less Than They Could

Colorado's marijuana industry is producing a lot less than it could, according to a state report released Friday.

Although state laws limit how many plants a business can cultivate, the monthly average for medical marijuana businesses last year ranged from a third to about half of what they could have produced, according to the annual update released Friday by the marijuana enforcement division of the Department of Revenue. The division estimates retail cultivation averaged 40 percent or less of the production limit.

Other highlights of the report:

-- Of Colorado's 312 cities and towns, 228 prohibit medical and retail licenses. Still, the places that allow sales include the state's population centers, among them Denver, the capital.

Sat
28
Feb

North Carolina Could Be The Next State To Legalize Medical Marijuana

Good news for marijuana activists! A bill to make legal the use of medicinal marijuana in North Carolina passed its first reading in the General assembly. The bill, created to benefit ill patients, received support from the public and policymakers. The bill opens up people suffering from anorexia, Chron’s and cancer to the option of using medical marijuana.

“It’s logical. It makes sense,” said Representative Kelly M. Alexander, a Democrat. “It really boils down to the fact that there’s evidence that medical marijuana helps in a number of cases like PTSD and [side effects of] chemotherapy.”

Sat
28
Feb

Why Medical Marijuana Is Not a Legal Drug in Canada

Last month, the Globe and Mail ran an editorial questioning whether Health Canada's oversight of medical marijuana had "gone to pot". The piece outlines the history of medical marijuana legislation in Canada, the potential for profiteering by licensed producers, and takes Health Canada to task for the way they have handled the licensing process as well as for the difficulty the government agency seems to be having in regulating medical marijuana. The editorial would have been pretty much spot-on if it wasn't for a glaring error in the opening sentence: "Medical marijuana is a legal drug in Canada." It isn't.

Drugs 101

Sat
28
Feb

Hemp Biotech Company Launching Oral-Care Line

The U.S. market for legal cannabis is booming, bringing in $2.7 billion last year, according to The ArcView Group. That figure is a 74% jump from 2013.  

AXIM Biotechnologies, a biotech company specializing in cannabinoid research and commercial hemp product development, hopes to cash in on the craze in a very unique and creative way. The New York and Netherlands-based firm manufactures several patent-pending products using cannabis for better health.

“We use unique cannabinoids, which are not psychotropic,” said George Anastassov, AXIM Biotechnologies CEO.  “When people talk about marijuana, they usually think about the psychotropic effects from THC. We utilize certain alkaloids that come from the cannabis plant that have beneficial effects to the human body.”

Sat
28
Feb

Virginia governor signs bill permitting medical use of marijuana oil

[JURIST] Virginia Governor Terry McAuliffe [official website] on Thursday signed a legislative measure [HB 1445] aimed at permitting use of medical marijuana oils for individuals suffering from severe forms of epilepsy.

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