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Medical Marijuana, Inc. Releases Audited Fourth Quarter 2012 Financials
SAN DIEGO, Feb. 8, 2013 — /PRNewswire/ — Medical Marijuana, Inc. (OTC: MJNA), a leading cannabis and hemp industry innovator, today announced the release of its audited fourth quarter financial statements. The Company earned net income of approximately $3.2 million on record gross revenues of $5.2 million for the quarter ended December 31, 2012. This represents
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A Day After World Weed Day, Modi ‘Weed Energy’ Video Gets Everyone High
On this slightly lazy Tuesday when everybody is still recovering from 4/20 (World Weed Day), we found something to keep the spirits high. That’s a bit of goofy video editing, and (maybe Modi telling us to grow that stuff). In other news – an Indian lawyer quoted the Vedas to fight for weed legalisation in
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Will Washington Legalize Weed?
In California, marijuana was legalized for medicinal use in 1996, and now in Washington State, a new initiative, I-502, will make the drug legal for persons over 21. Its biggest advocates are Seattle’s elite and members of law enforcement, reports Time magazine, because they say the war on drugs has failed. “We’ve tried criminalization. It’s an abject
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Pot spray promises women better sex
ASPEN, Colo. — Marijuana as an aphrodisiac? That’s the promise behind a new pot spray. It’s called “Foria” as in “euphoria” and it’s sold in perfume-like spray bottles. It made its Colorado debut in Aspen during the Winter X-Games last week at Native Roots Apothecary. The first 100 customers were allowed to buy a ten
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4 warnings for cannabis stock investors about buying into a new market bubble
One drawback of smoking weed is forgetfulness. Why else would investors, who just got badly burned by the cryptocurrency boom, be so willing to invest in pot stocks that are rising so fast? It is unusual to see multiple bubbles in offbeat asset classes so close to each other. But this is exactly what happens
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Palm Springs council sets marijuana dispensary tax at 10 percent
PALM SPRINGS — The three legal medical marijuana dispensaries will now be required to pay the city 10 percent of their proceeds starting Jan. 1 while the illegal operations will be required to pay 15 percent. The Palm Springs City Council on Wednesday approved 4-1 the pot tax rates and a series of other changes including
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Feds in Talks With Banks Over Dealing With Marijuana Business
The government is in talks with bank regulators to see whether financial institutions in states that have approved recreational marijuana use can do business with drug dispensaries there, a top Justice Department official said Tuesday. The announcement came nearly two weeks after the Justice Department decided it won’t take legal action against Colorado and Washington,
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Ruling on marijuana classification disappoints advocates
SACRAMENTO, Calif. (AP) — A federal judge in California declined Wednesday to remove marijuana from the list of most dangerous drugs, disappointing activists who saw the case as a chance to get closer to their goal of nationwide legalization. U.S. District Judge Kimberly Mueller said during a brief court hearing that she was initially prepared
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Berkeley Dispensaries Must Give Free Weed to Low-Income Patients
In a landmark decision to serve the underprivileged of the East Bay, the Berkeley City Council UNANIMOUSLY voted last week to provide small amounts of free medical marijuana to low-income and homeless patients. Whoa. According to the new ordinance, dispensaries in the area must give away weed equal to at least 2 percent of their
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We must get it right on implementation of legal marijuana
In the 2012 election, voters took a historic step towards changing the war on drugs in Washington state in regards to marijuana. As the Liquor Control Board began to examine how to implement this new system, some advocates have said that Washington needs to do this right, and quickly. The state must get it right,
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Son ran cannabis farm at his parents’ house
A MAN who ran a cannabis factory containing up to £75,000 worth of plants at his parents’ house was jailed for 16 months at Oxford Crown Court. Habeeb Marham, of Britannia Wharf, Britannia Road, Banbury, admitted production of Class B drugs and permitting the production of Class B drugs at the house in Middleton Road,
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Synthetic cannabis deaths sound alarms in Australia
The deaths of two men—one yesterday and one today—and a rash of recent hospitalizations in Australia, all suspected to result from the use of synthetic cannabis, are focusing attention on a growing worldwide problem. Drug users have been embracing products touted as producing a natural marijuanalike high. The effect is produced by synthetic compounds designed
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Marijuana use `doubles` stroke risk in young adults
Washington: Smoking marijuana may double the risk of stroke in young adults, according to new research. In a New Zealand study, ischemic stroke and transient ischemic attack (TIA) patients were 2.3 times more likely to have cannabis, also known as marijuana, detected in urine tests as other age and sex matched patients, researchers said. “This
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Medical marijuana operators don’t fear possible shut down
PHOENIX (CBS5) – The legal battle over medical marijuana in Arizona is heating up again. Just a day after Arizona’s Department of Health Services selected nearly 100 dispensaries around the state, a dark cloud hovers over the program. Additional court challenges are expected which could delay, or even stop the dispensaries from opening for business. In
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Olympic Ouster Brings Marijuana Issue To Forefront
By Eric Prisbell, USA Today Source: USA Today USA — American wrestler Stephany Lee, who missed the Olympics because she tested positive for marijuana, was at home in Colorado Springs when she heard that judoka Nicholas Delpopolo had been thrown out of the London Games after failing a drug test he blamed on inadvertently eating food
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Medical marijuana measure: Health Department considers requirements for regulating medical marijuana in N.D.
BISMARCK — A proposal to allow North Dakotans to use marijuana as medicine puts the Health Department in charge of vetting the business plans of dispensaries, checking home pot gardens and reviewing the drug’s labeling and potency. The citizen initiative gives doctors the option of deciding whether to prescribe marijuana as a remedy for pain
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NY Gov. Cuomo to Support Medical Marijuana at State of the State Addresses
Patients, Advocates, Elected Officials Praise Cuomo and Urge Him to Back Comprehensive Medical Marijuana Legislation ALBANY, NY — New York Governor Andrew Cuomo will use his State of the State address Wednesday to announce his support for medical marijuana for patients in New York. After years of opposing medical marijuana, the turnaround by Gov. Cuomo is making
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Maryland cannabis regulators tell dispensaries they need to open by Sept. 30 or else
Medical cannabis companies still struggling to open stores in Maryland will have their preliminary approvals to operate revoked by state regulators if they do not finalize their licenses and open their doors by Sept. 30. The Maryland Medical Cannabis Commission issued a bulletin Thursday alerting companies of the deadline and advising them to complete their final inspections by
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Cannabis: The big business of the 20th century
Cannabis was one of the world’s most important industrial crops for thousands of years until its prohibition began in the early 1900s. In shipping, it was used to make sails, ropes, nets, flags, charts and maps; most of the world’s textiles and fabrics were made from the plant; hempseed oil was the most-used lighting oil
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Madison Rep. Melissa Sargent supports full marijuana legalization
Mike Crute and Dominic Salvia, co-hosts of The Devil’s Advocates radio show (92.1 FM-The Mic), regularly invite politicians to their studio to discuss a wide range of policy issues. But there is one question that every guest is expected to answer, no matter the news of the day: Do you support legalizing the recreational use
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Omega Laboratories Announces Synthetic Marijuana and Bath Salts Drugs of Abuse Testing Utilizing Oral Fluid
MOGADORE, Ohio, Aug. 8, 2012 /PRNewswire via COMTEX/ — Omega Laboratories, Inc. announced today that it now offers testing for Synthetic Marijuana (Spice, K2, Blaze) and Bath Salts through oral fluid analysis. As most standard drug tests typically do not detect the use of Synthetic Marijuana and Bath Salts, Omega joins the ranks of a
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More states likely to change pot rules, both sides say
Washington Gov. Jay Inslee, left, is joined by state Atty. Gen. Bob Ferguson at a news conference to discuss the federal government’s decision not to interfere with marijuana laws in Washington and Colorado. (Rachel La Corte / Associated Press / August 29, 2013)SEATTLE — When the Justice Department announced Thursday that it would not interfere with the enforcement of
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Medical pot laws & treats may send more kids to ER
View PhotoAssociated Press – FILE – This Wednesday, Nov. 7, 2012 file photo shows a medical marijuana plant at a dispensary in Seattle. Increased use of medical marijuana may lead to more young children getting sick …more CHICAGO (AP) — Increased use of medical marijuana may lead to more young children getting sick from accidentally eating food made
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