New York

Wed
13
May

Medical marijuana winners and losers are already starting to emerge as potential bidder drops out

Applications for one of five medical-marijuana licenses in New York will roll into the state Department of Health through a May 29 deadline, but winners and losers already are emerging. And at least one aspiring marijuana grower has decided to take his business elsewhere.

Wed
13
May

As marijuana deadline looms, 5 things New Yorkers should know

With a May 29th deadline for applications from prospective marijuana growers and sellers who want to do business in New York State fast approaching, we turned to the nation's leading cannabis business figure to help make sense of what's happening.

Brendan Kennedy, CEO of Seattle-based private equity firm Privateer Holdings, talked about why New York became the 23rd state to legalize medical marijuana, how New York's law differs from other states, and how the unions fit into all of this. Here's an edited transcript of our conversation.

 

Tue
12
May

These 7 Children Have Died Waiting for Access to Medical marijuana

Losing a child is the worst nightmare any parent could imagine, a nightmare that is much harder to bear when you know that there may have been something you could have done to prevent such an awful tragedy. As unimaginable as this scenario is for most parents, preventable deaths are happening at an alarming rate as politicians argue about whether or not marijuana is medicine (we did some checking, it is). At this crucial time in history, a moment when the science on medical marijuana has become crystal clear, our government leaders can no longer afford to move slowly on reform measures. The lives of our children depend on this.

Tue
12
May

Gillibrand presses for medical marijuana bill

As parents of disabled and deceased children told heart-wrenching stories Monday morning, Sen. Kirsten E. Gillibrand had to stop and compose herself.

The emotional pain the families of brain-impaired children recounted would not be necessary, she told a news conference at the Dent Neurological Institute in Amherst, if medical marijuana were available like other regular prescription drugs. But because the federal government still looks upon the substance as a harmful and illegal drug akin to heroin and LSD – even where it’s legal – she said more children with neurological disorders will continue struggling with damaging daily seizures.

Fri
08
May

Synthetic marijuana hospitalizations surge tied to chemical formulas 'tweak'

A huge spike in hospitalizations last month caused by a class of drugs often called “synthetic marijuana” illustrates the potency and dangers of the chemicals used to make them and the shifty tactics authorities believe manufacturers are using to evade regulation.

Poison control centers around the US reported 359 cases in January of illnesses from synthetic cannabinoids, which mimic the effects of the main psychoactive ingredient in marijuana but can be far more potent. There were 273 in February and 269 in March. But the number skyrocketed to just over 1,500 in April, according to the American Association of Poison Control Centers.

Thu
07
May

Medical Marijuana and Epilepsy: Breakthrough New Study Could Help With Legalisation

A new study involving 213 children and adults suffering from the debilitating symptoms associated with epilepsy has been published.

This study set out to prove that medical marijuana contains properties able to fight against the extreme symptoms of epilepsy.

Seizures are scary for all involved; the patient themselves, their family and friends that witness the overpowering convulsions and unstoppable muscular spasms.

Grand Mal seizures originate from abnormal electrical activity throughout the brain. The Grand Mal is not specifically associated with epileptics however; extremely low blood pressure, head trauma, drug abuse, high fevers and strokes can also be triggers.

Thu
07
May

Morgan Freeman Shoots Straight: On Legalizing Marijuana and His Escape From New York

You’ve all heard the voice—at once authoritative and passive, weaving every soothing syllable into an epic yarn. It’s guided you through forbidding prisons, alien invasions, and the icy plains of Antarctica. That the voice is attached to an equally arresting, freewheeling persona has the cumulative effect of, to quote his Shawshank Redemption character, making him seem “like a man in a park without a care or a worry in the world.”

Mon
04
May

Hundreds vie for just 5 NY medical marijuana licenses

The race is on to secure the five licenses to be granted under New York state’s medical marijuana program, which takes effect in January.

And the cash-crop lottery could bring in millions for the winners.

Statewide revenues will likely total $239 million in 2016 and more than $1.2 billion by 2020, according to a report issued by GreenWave Advisors late last year.

“Let the cash register ring for New York state,” says GreenWave’s Matt Karnes.

And there appears to be no shortage of investors looking to dip a hand into this cash register.

Venture capitalists willing to take the plunge include Privateer Holdings and Tilray, both of which have already had a strong presence in the legal marijuana space.

Mon
04
May

Protesters in NYC Call for Legal Marijuana in New York

Hundreds of demonstrators rallied in New York City's Union Square on Saturday to call for the legalization of marijuana in New York State.

NYC Cannabis Parade organizer Troy Smit told NBC News the annual event, first held in 2012, aims to "end the war on drugs, release the medicine, free the prisoners, heal the sick, and unite the nations."

Colorado, Washington, and Alaska have already legalized the recreational use of marijuana. In February a law went into effect in Washington, D.C., that made carrying small amounts of pot legal. Oregon voters passed a law legalizing pot that is set to take effect July 1.

Thu
30
Apr

Medical marijuana caregivers challenge ordinance in York

The town of York is being sued by a group of medical marijuana caregivers who claim that a recently adopted town ordinance violates state confidentiality laws.

Lynne Williams, an attorney based in Bar Harbor, is representing the caregivers, who lease space at a marijuana growing facility on White Birch Lane in York.

In the lawsuit, filed this week in York County Superior Court, the caregivers are referred to only as John Doe 1-8 because they have been granted anonymity under state law.

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