It’s no secret that the legal marijuana industry is growing by leaps and bounds - every day, there is news of a new state legalizing, or making serious plans to legalize, medical or recreational cannabis. And while this is of course a great thing for the industry, and those who want the freedom to recreate or medicate as they see fit, how long will the charm of this mom-and-pop industry remain? With more money to be made from pot all the time, is there a serious threat that Big Tobacco will step in, wanting to take over?
Starting a cannabis cultivation company sounds like the ultimate get-rich-quick scheme - with demand for marijuana constantly growing, and the industry becoming more legitimate and above board all the time, getting behind the scenes and in on the action as a grower seems like the way to go. But it’s not as easy as it sounds - the process is expensive, hard to break into, and difficult to stay on top of. But with the right know-how and equipment, you can make your cultivation company extremely successful, and possibly be one of the pioneers of this burgeoning industry.
Marijuana stock trading is a very new venture, and we’ve already outlined some of the dos and don’ts of trading in such a lucrative but also unexplored areas. But if you are going to take the plunge and make some investments, where should you start? Here is a rundown of some of the currently available stocks, and what they have to offer.
It looks like after two years of technical approval, Massachusetts is finally planning on allowing medical cannabis to go forward with the opening of the state’s first dispensary. Still, while this is great news overall for the industry, it looks like there is a long way to go before medical cannabis really gets off the ground in this region.
Last month, we finally got the good new that the federal government came out with a set of regulations for banks to follow when dealing with legal cannabis dispensaries, thereby helping to encourage financial institutions to take on this new business, rather than force dispensaries and other marijuana businesses to stay as cash only organizations. But has this actually worked? It seems that in some cases, banks have opened their doors to legal cannabis, but others seem as reluctant as ever.
Many states are now lucky enough to have legal recreational and medical cannabis programs, and those states are reaping all the benefits of being able to go to the dispensary and simply buy some pot for a medical condition, or even just for fun. Of, course, we realize that this crop has to be grown somewhere, and then maintained and sold. But we don’t always think about the fact that it is precious cargo that is still expensive, sought-after, and federally illegal, and as such, it needs to be guarded.
Kimmi is the founder for Philippine Mom for Medical Marijuana. Yes, just call her Kimmi – no last name, just like Cher, Madonna and Bono. She is now the emerging face of medical marijuana in the Philippines, an initiative being pushed on a very conservative cultural landscape.
Bob Marley must be singing in his grave. What Marley sung about in some of his songs – legalizing marijuana – has come true. The Jamaican Parliament has legalized the possession of small amounts of marijuana last February 25, 2015. After all, how long can marijuana remain illegal in the land of the Rastafarians who smoke it as a sacrament and puff it as a healing herb?
On September 6, 1988, DEA Administrative Law Judge Francis Young decided to place marijuana in Schedule II. It was a historical and defining decision in the history of medical marijuana. But what does it mean when a drug is categorized as Schedule II? The DEA classifies drugs, substance and some chemicals into five categories of schedules based on their acceptable medical usefulness or dependency potential. Schedule I drugs are those that DEA deem dangerous and severely addictive. Thus, Schedule I drugs have stricter controls and harder to obtain compared to other drugs in Schedules II, III, IV and V. By moving marijuana to Schedule II, qualified patients can have easier access to it upon fulfilling legal protocols.
The great Jamaican singer Bob Marley was one of the world’s best-selling artist of all time with record sales of more than 75 million. Known for his unique voice, distinct songwriting and soulful songs, Marley garnered worldwide following with his captivating reggae music. Marley peddled the thought of legalizing pot by singing songs about marijuana.
1976: Robert Randall wins legal battle to use marijuana to treat his glaucoma On November 24, 1976, Robert Randall, a man who was afflicted with glaucoma, won a case against the US Government when he was absolved from criminal charges for using marijuana to treat his glaucoma.
MARIJUANA WARRIOR: ROBERT RANDALL The Life and Times of the First American Who Fought for Medical Marijuana
“You will be blind in five years,” this was the poignant conclusion of an ophthalmologist to Robert Randall after his eye check-up in 1972. Randall must have received the diagnosis with shock and sadness. After all he was a young 24-year old American who have life ahead of him. Although the early symptoms of glaucoma troubled him during his early adolescence, the Randalls dismissed his eye trouble as mere by-product of Robert’s bookish nature. The ophthalmologist further advised Randall to start learning Braille.
In 1964, Raphael Mechoulam stunned the world with his groundbreaking research on cannabis when he successfully synthesized tetrahydrocannabinol (THC), the primary active element in marijuana. Mechoulam’s pioneering work on THC paved the way for other developmental research on medical marijuana. The Israel-born professor stripped the global bias on the weed and gave people a glimpse on its chemical healing nature.
Due to all the legal cannabis available in America today, it seemed that maybe the whole “spice,” or synthetic cannabis, craze, was finally over. Spice, or K2, was originally touted as a healthy alternative to marijuana, before this was completely debunked and the drug was made illegal. But unfortunately, the other day over two dozen people got sent to a Mississippi hospital due to the drug.
In light of recent successful seizure treatment for children in South Jersey, parents are calling for medical marijuana research to help further these possibilities. The little girl who is sparking all of this is Tatyana "Tuffy" Rivera of Camden County, who has suffered from Lennox-Gastaut syndrome, a severe form of epilepsy, since she was ten months old. Because of her condition, she can suffer up to 300 seizures of a day, which sometimes last for as long as ten minutes. The prescriptions she was taking for the condition weren’t working, and as a result, she had to wear a helmet all the time, and was rarely able to venture away from a couch or a bed.
With more states deciding to full-scale legalize all the time, everyone has their eyes on Arizona to see if they will make the next big and decisive move. It would totally make sense for Arizona to decide to take the plunge and go all the way; they did $112 million in medical sales last year, making them one of the leaders in the country, and the numbers they have been reporting so far this year are even more impressive.
It’s 2015, and we as a country are making great steps towards being a progressive society. Gay marriage and minority rights are gaining favor, we are taking steps to explore space and advance medicine to extend lifespans, and we are legalizing marijuana, finally repealing the tired old laws that treat cannabis as though it is a deadly drug rather than a natural plant. But sadly, things aren’t all positive. The news is still dominated by stories of racial crime and hate, and this sadly extends to the cannabis industry. That’s right; most people getting involved with legal weed are white, and minority groups are still largely shying away from the world of kosher pot.
Oregon has had recreational cannabis for a while now, but they are still facing a lot of hurdles in order to get going with the new industry. In fact, they have been facing these since back when only medical marijuana was allowed in-state. One of the things that the local government has done to put a damper on things is to enact temporary bans on the industry in light of these new laws.
It’s no secret that the cannabis industry is doing wonderfully and hitting its stride now that more and more states are legalizing and decriminalizing, so it should come as no surprise that the industry is projected to hit a whopping $8 billion by the year 2018, according to some economists. While these predictions were made almost a year ago, it now certainly seems that they are coming true, based on the growth of the industry so far and the numbers from last year’s sales.
In many service professions, it is common just to hire whoever looks good, has good customer service skills, or has a little bit of experience in a similar job. These are the jobs that we often, sometimes unfairly, refer to as “unskilled labor.” However, in the world of legal cannabis, it is becoming common practice for dispensaries to want to hire budtenders who have plenty of knowledge of medicine or business practice, and who are ambitious and really want to rise in the industry. This is undoubtedly a product of this growing industry and the potential it has to launch all kinds of trade jobs into full scale careers.