SALEM, OR — Oregon’s state licensed cannabis industry has created over 12,500 new jobs and is generating over $ 300 million in annual wages, according to a preliminary economic report provided to the legislature’s House Committee on Economic Development and Trade. The report, authored by Whitney Economics, identified over 900 cannabis-related businesses (as of February 21, 2007), with another 1,225 businesses […]
Carnival Cruise Lines wants you to know that you can not smoke marijuana on their cruise ships, or even bring it on board. Replying to a tweet Monday, the cruise line said “You cannot smoke Marijuana [sic] or bring it on board.” @ayeeyoo_cfo You cannot smoke Marijuana or bring it on board. — Carnival Cruise Line […]
In a just published “exit interview” with Rolling Stone Magazine, President Barack Obama opined that marijuana use should be treated as a public-health issue, not a criminal matter, and called the current patchwork of state and federal laws regarding the drug “untenable.” “Look, I’ve been very clear about my belief that we should try to discourage […]
DENVER, CO — Drivers from pot-friendly West Coast states have long complained of “license plate profiling,” claiming state troopers more interested in drug interdiction than traffic safety perch like vultures along the nation’s east-west interstate highways pull them over on pretextual traffic stops—going 71 in a 70 mph zone, failing to wait two full seconds […]
Chicago, IL (PRWEB) September 30, 2012
As the devastating consequences of drought throughout the US become more apparent, authors of The Cannabis Papers: A Citizen’s Guide to Cannabinoids (2011), note the drought of common sense regarding hemp economics in the US – though not in China.
“Hempseed provides a perfect balance of fatty omega acids, as well as protein and other benefits,” said Steve Young, who worked on The Cannabis Papers as well as produced Government Grown: How Polo Illinois Helped Win The War (2009), a documentary on US hemp production during World War II. “Unfortunately, the federal government has been unwavering in its commitment to keep American hemp away from American consumers for several decades.”
Known throughout history as a source of rope, textiles and medicine, hemp also offers great nutritional value for humans and animals alike. The cultivation of hemp is banned throughout the United States.
Added Young: “Hemp prohibition is utterly insane and shows how out of step we are with the rest of the world. Many people know American farmers cannot grow hemp; hardly anyone knows China leads the world in hemp industries – and it’s a growing industry.”
Notably, a 2012 investor’s report was optimistic regarding investment in China’s hemp economies: “No one in America makes the argument that China – and not the US – should lead the way in developing hemp industries; yet the investor’s report is clear – China is developing something new – call it “Hemponomics” – that’s what the report suggests.”
Young noted allowing investors to put their money into US hemp farms would be beneficial for the American economy.
“During this year’s drought, we could have been growing hemp in places where other crops couldn’t grow. The time to pretend there is anything good from hemp prohibition has ended; maintaining that delusion is creating an economic windfall for China, and a reciprocal economic loss for America.”
Denver, Colorado (PRWEB) May 06, 2015
Is Colorado’s legal cannabis industry the victim of its own success?
Next month the Centennial State will mark the 18-month milestone of its historic experiment with legal, recreational cannabis sales to adults. And while Colorado’s legal marijuana industry has been successful and has seen rapid growth during that time, it’s also facing some new challenges.
For example, many marijuana retailers in the state are currently facing shortages, especially in the wake of last month’s “420” cannabis celebrations. And part of the problem, according to Ryan Fox, is that much of the industry still isn’t thinking of itself as a legitimate, long-term venture.
“Some day cannabis will be traded just like every other commodity,” he says. “Just as orange crops and the futures on frozen OJ can be influenced by severe weather, the price of cannabis is susceptible to many variables as well.”
Fox is the founder and CEO of Kindman cannabis, one of the oldest and largest recreational marijuana growers and distributors in Colorado. Over the past year, he says, his organization produced nearly 20 percent of the recreational cannabis purchased in the state.
With a statewide shortage of cannabis to sale at local dispensaries, Fox has positioned Kindman to be the go-to wholesaler for resupplying the empty shelves.
“I predicted there would be a healthy demand for our more than 20 premium strains when we rolled out our wholesale operations last year,” he says, “but I’m happy to say I overestimated the number of growers that would follow our lead into the wholesale vertical.”
Fox is now in the process of doubling his grow facilities, to keep pace with the growing demand for his Kindman strains.
One major issue the industry struggles with, he believes, is the over-emphasis by dispensary owners on expanding their retail operations; and that coming up with a sustainable, long-term production and supply chain solution has been a costly oversight for some.
But Fox has avoided that issue. “We sat down to strategize and rework our business model a few years ago, in preparation of the upcoming changes we would see here in Colorado for 2014,” he recalls, “and it didn’t take long for us to identify what end of the supply chain we wanted to be on.”
Fox acknowledges that the legal marijuana industry is still in its infancy, and its once-outlaw culture hasn’t yet fully evolved and adapted to current business norms. And he says Colorado, with its well-planned, state-established regulations, is handling that transition better than any other state where recreational marijuana is currently legal.
But he also expects California, where the cannabis culture is strong and where medical marijuana is legal, will have an uphill battle if and when voters there legalize recreational cannabis.
“California is probably going to have the hardest conversion to recreational cannabis of any single state,” observes Fox.
“They have thousands of dispensaries that will most likely be out of compliance the moment those regulatory guidelines are established – and that will likely create additional economic growth due to the large number of ancillary companies formed, just to assist in solving those problems.”
Established in 2009, Kindman provides customers with an unmatched cannabis product – grown in Colorado state-regulated facilities at indoor locations, using a customized process that combines food-grade nutrients and a unique soil mix that brings out the plant’s best features. Close attention is paid to product cleanliness, quality, curing and processing.
Since the January 1, 2014 start of legalized sales of recreational cannabis to adults in Colorado, Kindman has provided high-quality marijuana flowers to tens of thousands of customers from over 100 countries.
For more information, visit: http://www.mykindman.com/
Tags: Marijuana, cannabis, dispensary, cannabis business, Colorado, retail, supply chain, shortages, cannabis shortages, investment Ryan Fox, Kindman
(PRWEB) February 13, 2015
Executive Chairman of Cool Group, Joe Issa, says medical marijuana could be Jamaica’s economic legacy, according to an article in the North Coast Times newspaper published on January 9, 2015 at http://www.northcoasttimesja.com/?p=2331.
Issa made the comments as the authorities now look to taking the next step in 2015, of legalizing marijuana for the purpose of making medical and other products that can be monetized. Issa’s heightened expectation is also shared by others, as is expressed in The Gleaner newspaper’s Letter of the Day titled, Is It Ganja To Our Rescue?
Published on January 15, 2015 at http://jamaica-gleaner.com/gleaner /2015 0115/letters/ letters 1.html, the author says Jamaicans are captivated by a high, not that which comes from smoking marijuana, but “by another high which comes from their eager expectation for the legalisation of marijuana and the economic transformation they envision from its large-scale production for export and the development and manufacture of products, especially for medicinal purposes.”
Ganja reform has remained an elusive dream for many years until 2014, when the promise was made by business savvy Justice Minister, Mark Golding who, along with two long-time friends which include the current National Security Minister, Peter Bunting, founded a hugely successful and award-winning investment banking house, which was reputable, progressive and innovative (see http://en.wikipedia.org/wiki/Peter_Murcott_Bunting).
In the article titled, Jamaica: Government Promises Relaxation Of Ganja Possession Laws by Paul Armentano, NORML Deputy Director June 13, 2014 at http://blog.norml.org/2014/06/13/jamaica-government-promises-relaxation-of-ganja-possession-laws/, Golding said “Parliament was in favour of legislating to expunge the criminal records of persons with minor marijuana convictions” and that “additional legislative efforts are also underway to develop a legal framework which will allow the emergence of medical ganja and industrial hemp industries in Jamaica.”
Last year October, Golding steered the Jamaican Parliament into passing the Criminal Records (Rehabilitation of Offenders) (Amendment) Act 2014 and by year-end had legislation drafted to make the possession of small quantities of ganja a non-arrestable, ticketable infraction, and allow the possession and use of ganja for scientific research, religious and medical purposes, says the government’s news agency, Jamaica Information Service, in its year in review of the Justice Ministry’s ganja reform legislative agenda, at jis.gov.jm.
Talking to the North Coast Times newspaper in an interview about the highly anticipated next step of legalizing medical marijuana by the Jamaican parliament and what that will mean for the country, Issa says “it may be the country’s economic legacy,” calling it “a once-in-a-life-time opportunity” which, when comes along “must be grabbed, nurtured, protected, administered and monetized.”
However, many like Issa think the move has taken too long, coming 40 years after Jamaican reggae icon Peter Tosh sang “Legalize It”. Issa laments that Jamaica is behind the United States in medical marijuana, an industry that could turn the Jamaican economy around by providing significant income for farmers and others in the value chain, jobs for people and money in government coffers through taxes, which cannot be levied as long as marijuana remains illegal.
Currently, some 14 US states have legalized marijuana, and over-the-counter sales is already a booming industry, leading Issa to posit that Jamaica could be left behind in the race and may even have to import marijuana from the US, unlike which, Jamaica has few natural resources other that bauxite, and depends largely on tourism and agriculture to provide jobs for its people and infrastructure.
Issa’s position is supported, from as early as 2001, by Jamaica’s National Commission on Ganja which, among other recommendations in its report published at http://www.cannabis-med.org/science/Jamaica. htm, says “in order that Jamaica be not left behind, a Cannabis Research Agency be set up, in collaboration with other countries, to coordinate research into all aspects of cannabis, including its epidemiological and psychological effects, and importantly as well its pharmacological and economic potential, such as is being done by many other countries, not least including some of the most vigorous in its suppression.”
In its preface, the Commission report of 2001, which recommends decriminalizing ganja for personal, private use by adults and for use as a sacrament for religious purposes, says “for well over a hundred years, ganja has become the subject of considerable debate and investigation, beginning with the much celebrated India Hemp Commission of 1894, which was followed by no fewer than ten landmark Commissions and studies.”
The 2001 report is said to have come following “exhaustive consultation and inquiry involving some 400 persons from all walks of life, including professional and influential leaders of society”, and the favourable sentiments expressed about marijuana by Jamaicans, were found to be consistent with those of similar studies in the US, which show that 70% of Americans believe marijuana must be legal for medical purposes, while 53% support the drug being given the same recognition as alcohol, and most of them say it should be accessible to adults, according to figures stated by noted advocate, Dr Ethan Nadelmann in a Gleaner newspaper article published on December 19, 2014 at http://jamaica-gleaner.com/gleaner/20141219/lead/lead91.html.
Professor Nadlemann, who is the executive director of the New York-based Drug Policy Alliance (DPA), the leading body promoting drug policies grounded in science, compassion, health and human rights in the US believes, like Issa, that Jamaica is far behind on medical research on ganja and that “if something isn’t done soon, Jamaica could find itself importing ganja from the United States in the next 10 years,” says another article posted on December 15, 2014 at http://jamaica-gleaner.com/latest/article.php?id=57236.
Known for his outspokenness on the issue, Hadlemann says half of the US has now made marijuana legal for medicinal purposes and millions of Americans are now receiving the drug through recommendations from medical doctors. He says there are also thousands of dispensaries, shops and stores selling marijuana legally, with millions of dollars in tax revenues going into US government coffers, as has been expressed by Issa to be the potential outcome for Jamaica when ganja is legalized.
Find More Hemp News Press Releases
State rep says if bill fails, he may smuggle cannabis oil himself
Nathan Deal, the bill would not allow in-state production of cannabis oil. Transport of cannabis oil across state lines is still a violation of federal law. The bill sponsor, Rep. Allen Peake (R-Macon), says he's in talks with a cannabis oil maker to …
Read more on WXIA-TV
Alaska Cannabis Club plans to open medical marijuana dispensary on …
Following an eviction from its clubhouse at the former Kodiak Bar in downtown Anchorage, the Alaska Cannabis Club is moving forward with plans to open a medical marijuana dispensary on Feb. 24, the day recreational marijuana becomes legalized in …
Read more on Alaska Dispatch News
MBank pulls out of Colorado a week after taking on cannabis accounts
Banking regulators, such as the Federal Deposit Insurance Corporation, which oversees MBank, have frowned on institutions that are overt about working with legal cannabis businesses. Colorado's legal pot businesses have long lamented that their …
Read more on The Denver Post