Category Archives: News

Medbox Board Promotes Jeff Goh To Ceo, Clinton Pyatt To Coo – Yahoo Finance

Earlier, he held management positions in finance and real estate. He also served in the U.S. Marine Corps for six years in several operational capacities, including participation in Desert Shield, Desert Storm and Somalia rescue efforts. About Medbox, Inc. Medbox, Inc., a leader in the rapidly emerging cannabis sector, provides specialized services to operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved. Through trusted clients and affiliates, the company promotes efficient, consistent, high quality products that are priced right, readily available and safely packaged. For more information about the company or to explore partnership, please visit www.medbox.com . Forward-Looking Statements Certain statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements, including, but not limited to, pursuing growth opportunities, are based on current beliefs and expectations and are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the company’s control. In addition, certain forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.

To read more visit http://finance.yahoo.com/news/medbox-board-promotes-jeff-goh-140000655.html

Hemp Cultivation Legal In Nevada As Of Jan 1, 2016 – Yahoo Finance

Hemp, Inc., for example, could possibly provide hemp seed to farmers.” The NV Department of Agriculture requires any hemp research project to use certified seed in which Hemp, Inc. could be the potential supplier. Per the NV Department of Agriculture, “A certified hemp research project must use certified seed. An applicant may request that the Department import certified seed. If the Department agrees to request the importation of seed, the applicant agrees that: the Department is not liable for and does not warrant that the seed is fit for any purpose; the applicant will pay in advance 100% of the costs associated with the importation of such seed, plus $1.00 per pound of seed; and, any seed that is not used will become the property of the Department without charge or reimbursement required.” Aside from possibly supplying certified seed to growers in Nevada, there are potentially many more opportunities for Hemp, Inc. ( OTC PINK : HEMP ) in the state of Nevada since hemp cultivation has been legalized. “Whether we end up growing industrial hemp, joint venturing, funding, producing hemp fiber with our portable decorticating machines, producing CBD’s, or engaging in any other possible, profitable business venture, Hemp, Inc. is already positioned to be the driving force and avant garde of the industrial hemp movement in our corporate headquarters state of Nevada, as 2016 progresses.” “Even though Hemp, Inc.’s direction has shifted towards more advanced processing in the milling line with its multipurpose industrial hemp processing facility in Spring Hope, North Carolina , the company is one of the best sources for premium hemp materials,” noted Perlowin. A leader in the industrial hemp industry, Perlowin was recently honored with the Jack Herer Cannabis Hemp Award in recognition of Hemp, Inc.’s “Major Achievement in the Hemp Industry”. Producer and Co-Creator of the Jack Herer Cannabis Awards, Michael Whalen, recognized Perlowin and Hemp, Inc. as having a major impact within the industrial hemp industry as one of a handful of people paving the way for others “as this multi-billion dollar industry unfolds after being suppressed for decades.” The awards ceremony was held to not only benefit and bring awareness to the hemp industry, but awareness to the industry in Las Vegas, Nevada.

To read more visit http://finance.yahoo.com/news/hemp-cultivation-legal-nevada-jan-133000648.html

Alaska Groups Give Free Cannabis To Severely Ill, Veterans – Veterans – Stripes

Now, the groups members are communicating with each other independently of the founders, Tara said. Such was the case with Dakota Davis. Davis received his first free cannabis from a stranger who responded to his post. Davis, 26, said that he had avoided marijuana after being honorably discharged from the Navy due to Crohns disease. He had never really used cannabisand didnt like the idea of getting marijuana from this black market thing. Through the advice of a business professor, he got connected with the Alaska Green Angels. These guys have been helping me out tremendously, Davis said. He says he uses cannabis to alleviate nausea brought on by chemotherapy he undergoes for Crohns. He also uses it in place of opiates, which he said negatively affect his mood. Its not a cure-all, Davis said, but it really improves my quality of life. The group insists their cannabis products are always free of charge.

To read more visit http://www.stripes.com/news/veterans/alaska-groups-give-free-cannabis-to-severely-ill-veterans-1.387133

11 States Least Likely To Legalize Marijuana

Frohlich, 24/7 Wall St. 9:11 a.m. EST January 4, 2016 These are the least likely states to legalize marijuana according to a 24/7 Wall Street study. A woman shops at Oregon’s Finest, a marijuana dispensary in Portland, Oregon. (Photo: AFP/Getty Images) 23099 CONNECT TWEET 31 LINKEDIN 169 COMMENTEMAILMORE Illegal in the United States for nearly 80 years, marijuana accounted for 8.2 million arrests nationwide between 2001 and 2010. Despite the decades old federal ban, the country’s attitude toward marijuana has been changing. While only 12% of Americans supported legalizing pot in 1969, 58% of Americans supported an end to marijuana prohibition in 2013. Starting with California in 1996, medicinal marijuana use is now legal in 23 states. Of the states with laws protecting medicinal users, four have legalized recreational pot use as well.

To read more visit http://www.usatoday.com/story/money/business/2016/01/04/24-7-wallst-legalize-marijuana/78077366/

Judge: Pot Credit Union Can’t Access Nation’s Banking System – Yahoo News

Associated Press District Judge R. Brooke Jackson dismissed the lawsuit Tuesday because federal law prohibits the drug. He said the U.S. Department of Justice has pointed out that Congress still deems marijuana dangerous, and that financial institutions that deal with money generated by the pot industry could be breaking the law. Jackson concluded that the marijuana banking situation is untenable, and he hopes it will soon be resolved by Congress. The credit union claimed that although marijuana remains illegal under federal law, the Federal Reserve as a quasi-government institution lacks the authority to keep marijuana banks out of the nation’s financial system. Mark Mason, an attorney for the credit union, argued in December that a pot bank would serve the government’s interest in keeping better tabs on the drug money. “They intend to take this money out of shadows and off of the street so that they can track it and trace it,” he argued. Aaron Smith, executive director of the National Cannabis Industry Association, said Tuesday that Jackson’s ruling sends the message that Congress must act.

To read more visit http://news.yahoo.com/judge-pot-credit-union-cant-030129087.html

Ga. Rep. Allen Peake From Macon Files Medical Cannabis Grow Bill | The Telegraph

Rep. Allen Peake from Macon files medical cannabis grow bill State Rep. Allen Peake, R-Macon, filed a bill at the state Capitol in Atlanta on Wednesday that, if approved, would allow medical cannabis cultivation by a handful of growers in Georgia. MAGGIE LEE mlee@macon.com i Order Reprint of this Story ATLANTA — State Rep. Allen Peake, R-Macon, who has led a push for medical marijuana in Georgia, is starting the year with a plan to plant cannabis seeds in Georgia. Peake wants the state to issue up to six licenses for medical cannabis cultivators in Georgia. Wednesday morning, he filed House Bill 722, a 24-page bill that includes the proposal. It’s modeled on Minnesota’s medical marijuana law. In Minnesota, greenhouses have tighter security than casinos, Peake said.

To read more visit http://www.macon.com/news/local/politics-government/article53291655.html

Pot Producer Not Picked For Minn. Program Sues State Over Data « Cbs Minnesota

22, as the agency has said will happen. The lawsuit, filed in Ramsey County District Court, also seeks unspecified damages and attorney fees. When the Health Department sought manufacturers following passage of a 2014 medical marijuana law, the agency asked for extensive information from companies bidding for state certification. They were required to provide details about cultivation, extraction methods, pricing, building blueprints and security plans, ownership structure and compensation agreements with executives and investors. The lawsuit contends that disclosure of application details even after promised redactions are made could negatively impact the reputation of investors and provide an unjust informational windfall to competitors that wish to tarnish such principals/investors market and thought leadership. Bill Pentelovitch, an attorney for BHC, had no comment Monday beyond the court filings. The Department of Health didnt provide immediate comment. In planning for the information release, the Health Department has relied on an advisory opinion provided in April by the Department of Administration, which is also a defendant in the case. The nonbinding opinion determined that applications submitted by manufacturers were presumptively public once any manufacturers were registered with the state. Trade secret and security information were deemed the sole exceptions. Only two of the 12 applicants were ultimately chosen to cultivate marijuana and convert it into the pill, oil or vapor forms allowed for sale to patients with qualifying conditions. Producers arent allowed to sell it in leaf form for smoking.

To read more visit http://minnesota.cbslocal.com/2016/01/04/pot-producer-not-picked-for-minn-program-sues-state-over-data/

Cannagrow Holdings Announces Dr. John P. Janovec’s Approval For A Key Employee License By The Marijuana Enforcement Division Of The State Of Colorado – Yahoo Finance

The completion of this Project will provide CannaGrow the basis to begin generating revenues from the licensed Growers sub-leasing the Turn-key Growing Facilities being built to the specifications of Dr. John Janovec, COO, and CannaGrow horticultural consultant, Mr. Jason Wells. CannaGrow has already received numerous inquiries from perspective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.” Please review the Company Time Line Progress video at the following link: The site plan, grading plan, and phasing plan that was submitted by NuGro Industries, the landowner and developer, can be viewed on our website at: http://cannagrowholdings.com . About CannaGrow Holdings, Inc.: CannaGrow Holdings, Inc. has entered the Medical/Recreational Cannabis Industry as a Lessor, Liaison, and Consultant to licensed Growers providing them with turnkey Growing Facilities in the State of Colorado. The Company intends to expand this business model within this industry as business opportunities evolve whereby providing for the highest return to its shareholders. CannaGrow Holdings, Inc. is currently working with a website designer to update its website to better reflect the business model the Company is engaged in within the Cannabis Industry. CannaGrow Holdings, Inc. does not and will not, until such time as Federal law allows, grow, harvest, distribute or sell marijuana or any substance that violate the laws of the United States of America.

To read more visit http://finance.yahoo.com/news/cannagrow-holdings-announces-dr-john-113000955.html

Ex-law Enforcers Transition From War On Drugs To Medical Marijuana’s Big-business Prospects – News – Journal Star – Peoria, Il

But industry members in Illinois and beyond say the state is unusual in the degree to which former law enforcement officers are not just working security but taking hands-on roles with patients and leading businesses even with the uncertain future of a four-year pilot program that expires in 2017 and has received lukewarm support from first-term Gov. Bruce Rauner. Many have had a late-stage transformation, coming to see the drug less as a societal harm and more as good public policy and good business. There’s likely no better example than Terrance Gainer, a former Chicago homicide detective, Illinois State Police director, assistant police chief in Washington, D.C., U.S. Capitol police chief and U.S. Senate sergeant-at-arms. After some initial reluctance, the 68-year-old said he was swayed in part by “the sea change in society and our attitudes” toward the drug and the possibility of big business. He advises Chicago-based Green Thumb Industries on its security needs, has worked with prospective marijuana-business owners in Florida and New York and testified in support of the industry before Maryland lawmakers. “The business people involved in this are very serious about their investments,” he said.

To read more visit http://www.pjstar.com/news/20151227/ex-law-enforcers-transition-from-war-on-drugs-to-medical-marijuanas-big-business-prospects

Pot Penalties: Schools Ease Athlete Punishment For Recreational Drugs | Texarkana Breaking News

At Washington, a third failed test used to be a one-year suspension but is now just 30 days. “The change was intended to make the policy more rehabilitative,” Washington spokesman Carter Henderson said. Northwestern, Penn State, Pittsburgh, Southern California, Syracuse, Vanderbilt and Wake Forest did not provide copies of their drug policies despite repeated requests, citing privacy laws. Stanford does not test its athletes. Illinois has a separate pot policy that has become more strict but isn’t as punitive as its policy for drugs like cocaine or heroin. The Big Ten and Big 12 are the only Power Five conferences that do their own testing in addition to the testing done by the schools and NCAA. Those two conferences punish athletes who test positive for performance-enhancing drugs. The Big 12 is the only conference that screens for recreational drugs, but it does not sanction athletes who test positive. Instead, the Big 12 notifies the school of a positive test and leaves any discipline to the school. Alcohol remains by far the most abused substance on college campuses, with marijuana ranking second.

To read more visit http://www.texarkanagazette.com/news/sports/college/story/2015/dec/28/pot-penalties-schools-ease-athlete-punishment-recreational-drugs/412044/