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Medical Marijuana, Inc. Closes with Lotus Capital for a $2 Million Equity Based Line of Credit
SAN DIEGO, Aug. 14, 2012 /PRNewswire/ — Medical Marijuana, Inc. (OTC: MJNA) a leading hemp industry innovator, has announced that the Company has signed closing documentation for a $2 million USD line of credit with Lotus Capital, a Chicago based private equity firm. The line of credit will be used as a reserve fund for product expansion
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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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The US potential of pot: marijuana from legalise to monetise
In the 19th century, American prospectors headed west to make their fortunes mining gold. Today, from California and Colorado to New York and Massachusetts, US states are seeing a “green rush” as entrepreneurs and investors stake their claims in the legal marijuana market. Legal sales of cannabis for medical purposes and “recreational” consumption in the
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10 Colorado Pot Dispensaries Ordered To Shut Down
Colorado — On Friday, U.S. Attorney John Walsh’s office issued letters to the owners of 10 medical marijuana dispensaries in Colorado that are within 1,000 feet of schools notifying them that they have 45 days to shut down, move their business or face federal enforcement action. According to 7News, the 10 shops that got the
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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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Cannabis Science Inc. : Cannabis Sciences Reports on introduction of H.Res. 6187
Cannabis Sciences Reports on introduction of H.Res. 6187 Initiative by Reps. Himes, Lee Requests $100 million to Establish AIDS Cure Research Program August 6, 2012 COLORADO SPRINGS, Colo. — Cannabis Science Inc., (CBIS). The executive staff of Cannabis Science are analyzing the near term implications of House Resolution 6187, introduced by Rep. James Himes (D-CT)
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Fewer US teens see harm in marijuana
Fewer American teenagers consider marijuana to be dangerous, an influential survey has found, a fresh sign of growing public acceptance of a substance that US federal law considers on a par with ecstasy. Some 39.5 per cent of high-school seniors view marijuana as harmful – down from 44.1 per cent just a year ago –
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Edmonton grower sees ‘huge opportunity’ in supplying medical marijuana
One Edmonton company is a step closer to being a licensed grower for the federal government’s new medical marijuana program. Vernon Devam, president of GrenEx Pharms, said Health Canada has approved his company’s proposal to be one of the producers that will supply nearly 40,000 medical marijuana users across the country. “I see a huge
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New Colorado Radio Station K-HIGH Devotes All Airtime To Marijuana
A Colorado radio station has become the first and only station in North America to dedicate its airtime exclusively to marijuana — and calls itself (wait for it) K-HIGH. Three weeks ago, K-HIGH was a Fox Sports affiliate, but its station owners wanted to try something different. They decided to capitalize on the growing popularity of marijuana after the state legalized recreational use
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Where there’s smoke there’s fire: Israel’s medical marijuana debate heats up
Medical marijuana buds being packaged in Israel. Debate over medical cannabis gains momentum as Knesset Health Committee approves 11 more doctors to prescribe drug; Health Minister German under attack. The debate over medical marijuana use in Israel has gained momentum in recent weeks, as evidenced by the vociferous attacks on Health Minister Yael German’s Facebook
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Police in Rome Seize Marijuana Farm Operating in Tunnel
ROME — The police have discovered and seized a sprawling marijuana farm in a tunnel in the capital built during the era of Mussolini. The crop had an estimated street value of $3.7 million. Officers with Italy’s Guardia di Finanza, the financial police, raided the passageway, near one of the Italian central bank vaults, on Saturday after a patrol
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Marijuana: Toke Up on Mold, Insects and Manure
Some may tout marijuana as a safe, recreational drug with valuable medicinal properties, but toke up your joint and it likely contains mold, pesticides, even dead insects, according to researchers at the University of New Haven in Connecticut. In their genetic studies of marijuana, the researchers found a variety of nasty byproducts in the plant:
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Economist magazine hails Uruguay for legalising cannabis and gay marriage
British magazine The Economist has chosen Uruguay as its country of the year. The title, explaining its decision (registration maybe required), praised the country’s “path-breaking reforms” that “might benefit the world”. Uruguay has passed a law to legalise and regulate the production, sale and consumption of cannabis. It also legalised gay marriage – a policy The Economist said had “increased the
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Legal marijuana backers raise $3 million in two US states
Aug 25 (Reuters) – Campaigns to become the first U.S. states to legalize marijuana for recreational use in Washington and Colorado have raised $3 million ahead of a November vote, far outpacing the opposition. Proponents of pot legalization in Washington state have raised nearly $2 million since the initiative qualified for the ballot in January,
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Denver police defend stand down at pot giveaway
DENVER — Denver police are defending their decision to stand down while dozens of people lit up marijuana cigarettes at a free pot giveaway in Civic Center park. Deputy Chief David Quinones tells the Denver Post (http://tinyurl.com/nhfmoc7) the department didn’t want to incite a riot Monday over a petty offense. Hundreds of people lined up to
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Medical marijuana sprouts in Israel
Mimi Peleg’s job is to teach people how to use pot—how long to inhale smoke or vapor, how to administer sublingual drops, or how to ration out a pot cookie. Peleg directs large-scale cannabis training for the Israeli government’s state-run, discreet, successful and expanding medical cannabis distribution center, MECHKAR. MECHKAR began as a tiny
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Want To See What A B-Real Rolled Big Joint Looks Like?
” “ I, like you, wasted hours of my youth listening to classic Cypress Hill lyrics and thinking in a smoke affected voice, ”Yeah man. This is the quality shit right here.” But then I’d get called an “idiot” by my mother for getting black ink on my lips after sucking on a pen and
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Film director Francis Ford Coppola jumps into cannabis industry
Francis Ford Coppola is adding cannabis to his wine and hospitality empire. The famed film director has inked a licensing deal with the Humboldt Brothers, a Garberville business that owns Humboldt County marijuana farms, to produce a limited edition of three different cannabis flower strains. The Grower’s Series by Francis Ford Coppola will be available
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Ganja Planted At The University Of West Indies
Minister of Justice Mark Golding (right) and Courtney Betty (left), president and CEO of Timeless Herbal Care, jointly plant a ganja seedling at yesterday’s (April 21) launch of the symbolic planting of the first legal marijuana plant at the Lecture Theatre Two, Faculty of Medical Sciences Teaching and Research Complex. Overseeing the activities are (at
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Taxes related to marijuana, schools and animal welfare working way toward ballot
Voters in Larimer County this November likely will be asked to pay higher taxes to pay for regulation of recreational marijuana, an increase in public school funding and a new local haven for wayward animals. Here’s a look at taxes working their way toward the ballot: MARIJUANA A $100 bag of marijuana would cost
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