Tag Archives | Medical Marijuana
Last week we posted a story about legal ways to invest in the medical marijuana boom. One of the suggested companies whose stock is publicly traded, Medbox, says it’s stock price is now ridiculously high after climbing 3000%. Story from MarketWatch:
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A company that creates medical-marijuana dispensing machines says its stock is getting way too high.
Medbox shares surged 3,000% this week — from roughly $4 Monday to $215 Thursday — before falling to $100 after executives sought to dampen investor enthusiasm.
In a news release today, the company said that the stock’s rocket launch, which sent its market cap skyrocketing from $45 million at the start of the week to a staggering $2.3 billion, was ignited by a MarketWatch story Tuesday on how to invest in legalized marijuana (see How to invest in legalized marijuana .) (That’s about double the market capitalization of retailer Jos. A.
You know a tipping point has been reached when the financial press starts writing about ways to profit from legalized marijuana! From MarketWatch:
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Mark Twain is said to have remarked that a gold rush is a good time to be in the pick and shovel business. Investors may be able to apply that same bit of wisdom to the growing number of U.S. states that have legalized pot.
Although federal law prohibits the sale or possession of marijuana, Massachusetts last week joined the ranks of states — 18 plus Washington, D.C. — that allow its use for people suffering from chronic illnesses like cancer, HIV/AIDS, multiple sclerosis and epilepsy. In Washington and Colorado, meanwhile, voters passed an initiative to allow pot for recreational use. Those changes have kickstarted a small but fast-growing medical-marijuana industry, estimated to be worth about $1.7 billion as of 2011, according to See Change Strategy, an independent financial-analysis firm that specializes in new markets.
Will the jaws of future generations drop in amazement when they learn that marijuana was banned in our society as a criminal substance? Via the Daily Beast:
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Mounting evidence shows ‘cannabinoids’ in marijuana slow cancer growth, inhibit formation of new blood cells that feed a tumor, and help manage pain, fatigue, nausea, and other side effects. [This] offers hope of a non-toxic therapy that could treat aggressive forms of cancer without any of the painful side effects of chemotherapy.
Cristina Sanchez, a young biologist at Complutense University in Madrid, was studying cell metabolism when she noticed something peculiar. She had been screening brain cancer cells [and realized] the cancer cells died each time they were exposed to tetrahydrocannabinol (THC), the principal psychoactive ingredient of marijuana.
Sanchez had stumbled upon the anti-cancer properties of THC. Subsequent peer-reviewed studies in several countries would show that THC and other marijuana-derived compounds, known as “cannabinoids,” are effective not only for cancer-symptom management (nausea, pain, loss of appetite, fatigue), they also confer a direct antitumoral effect.
Marijuana ruled hazardous to your health, war not. Adding to the hypocrisy is the fact that our president was once a legendary stoner who during his teen years invented new methods of getting high and cruised around Hawaii in a mobile drugmobile called the Choomwagon. Higher Thinking Primate writes:
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Despite evidence that medical marijuana can be beneficial to those suffering from Post Traumatic Stress Disorder, the White House wants to make one thing clear: You can go fight multiple tours for this country in useless wars, but if the horrors of war mess with your head, you’re not allowed to smoke weed when you get home.
Responding to a petition by former Air Force sergeant Mike Krawitz asking the White House to consider medical marijuana as a treatment for PTSD, Drug Czar Gil Kerlikowske said no. Saying marijuana is not a “benign drug,” Kerlikowske asserted that it does not meet standards of safe or effective medicine.
A raid on a marijuana dispensary in Long Beach was caught on video showing officers smashing surveillance cameras and stepping on a suspect, moves that prompted accusations against the officers of excessive force. More than a dozen police raided THC Downtown Collective in the 300 block of Atlantic Boulevard (map) on June 19, officials said. The video was posted to YouTube by user "Long Beach Raids" on July 1. Officials said they learned about the video on July 3. The two-minute-long video opens to show a man surrendering to police, three of whom surround him while two put him in handcuffs.
Nearly three out of four Americans believe that the federal government should respect state laws regarding medical marijuana and halt raids on dispensaries, according to a poll released. “These results are consistent with the clear and growing body of evidence that documents substantial voter support for the legalization of medical marijuana,” said Larry Harris, a principal with Mason-Dixon Polling & Research. The polling agency found that 74 percent of Americans believed the federal government should respect states’ medical marijuana laws. Support for medical marijuana laws was highest among Independents, at 79 percent, and lowest among Republicans, at 67 percent. Younger age groups were more likely to think the federal government should respect medical marijuana laws than older age groups...
“Why?”, you might well ask. The answer via AFP/Yahoo News:
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Israeli scientists have cultivated a cannabis plant that doesn’t get people stoned in a development that may help those smoking marijuana for medical purposes, a newspaper said on Wednesday.
According to the Maariv daily, the new cannabis looks, smells and even tastes the same, but does not induce any of the feelings normally associated with smoking marijuana that are brought on by the substance THC, or tetrahydrocannabinol.
According to Maariv, Tikkun Olam sought to neutralise the effect of the THC and to increase the effect of another substance called CBD, or cannabidiol, which has been shown to help diabetics and to ease various psychiatric disorders.
Not only does it leave users stone-cold sober, it also doesn’t induce the munchies, the hunger pangs that the drug’s smokers generally suffer. Despite the innovation, it is unlikely to have any impact on Israeli law, which outlaws the use of marijuana as illegal except for medical purposes….