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Study Finds Drop In Prescription Drugs In Medical Marijuana States
They also saw $165.2 million in Medicare savings.
1 day ago | Updated 6 hours ago
Nina Golgowski Trends reporter, The Huffington Post
JOHN VIZCAINO / REUTERS
A new study found that states with legalized medical marijuana in 2013 saved $165.2 million in national Medicare program and enrollee spending.
States looking for a way to reduce Medicare spending and prescription drug use may want to turn to legalizing medical marijuana, a new study suggests.
The District of Columbia and the 17 states that had medical marijuana as an alternative to prescription drugs in 2013 saved an estimated total of $165.2 million in Medicare program and enrollee spending that year, researchers at the University of Georgia reported in the journal Health Affairs this month.
“The results suggest that if all states had implemented medical marijuana the overall savings to Medicare would have been around $468 million,” a press release on the findings stated.
JOHN MOORE VIA GETTY IMAGES
The study reviewed drug prescriptions for ailments that could be treated with medical marijuana. One such ailment, which is often treated with oxycodone pills, is pain.
Advertisement
AdChoices
The researchers looked at prescriptions filled by Medicare Prescription Drug Plan (or Part D) enrollees from 2010 to 2013. They then narrowed the prescriptions down to ones that could be substituted with medical marijuana. Those prescriptions were for ailments that included anxiety, depression, glaucoma, nausea, pain, psychosis, seizures, sleep disorders and spasticity.
Their results found that there were fewer prescriptions filled for the majority of those categories. The pain category, for instance, saw a decrease in 1,826 daily doses, while the depression category saw a 265 daily dosage decrease.
As the researchers noted in their release, they specifically looked at glaucoma patients’ use of marijuana.
“It turns out that glaucoma is one of the most Googled searches linked to marijuana, right after pain,” Dr. David Bradford of the university’s School of Public & International Affairs, who co-authored the report, stated in the university’s release.
The eye disease can be extremely painful and lead to blindness for some patients. Those sufferers who use marijuana, however, can experience a 25 percent decrease in eye pressure that’s caused by the condition, according to the release.
DAVID MCNEW / REUTERS
Jars containing marijuana are seen at a medical marijuana farmers market at the California Heritage Market in Los Angeles.
The relief provided by marijuana only lasts about 60 minutes, however, and expecting patients to take it once an hour is considered “unrealistic,” they concluded. Because of that, they stated that they fully expected prescription drug use to remain strong for the disease even when marijuana was an available alternative.
As the university’s release notes, “they were not disappointed.”
Though there were fewer drug prescriptions written for the other ailments, the daily doses of prescribed glaucoma medications increased, they stated.
That led them to believe that medical marijuana users are not requesting prescriptions just to enjoy a high, but are basing their decision on medical needs.
“The results suggest people are really using marijuana as medicine and not just using it for recreational purposes,” the study’s lead author, Ashley Bradford, who completed her bachelor’s degree in sociology in May, said in a statement.
Speaking in a recent YouTube interview, Bradford expressed hope “that this research will influence and reform policymaking.”
Decreasing Americans’ use of prescription drugs may not just be of monetary benefit, but depending on the type of drug, could help fight Americans’ addiction to prescription painkillers as well.
The U.S. is in the midst of an opioid overdose epidemic, according to the Centers for Disease Control and Prevention.
In 2014 alone, opioids ? including prescription opioid pain relievers and heroin ? killed more than 28,000 people, more than any year on record. At least half of all those deaths involved a prescription opioid.
“We now know that overdoses from prescription opioid pain relievers are a driving factor in the 15-year increase in opioid overdose deaths,” the CDC states on their website. “Since 1999, the amount of prescription opioids sold in the U.S. nearly quadrupled, yet there has not been an overall change in the amount of pain that Americans report.”
Three of the most common prescription drugs involved in opioid overdose deaths were methadone, oxycodone and hydrocodone.
Today, 25 states and Washington, D.C., have some form of legalized medical marijuana.
Also on HuffPost
50 Years Of Marijuana Polling
Comments
Report TOS
Cannabis Reform Is Occurring All Around The World Fueling The Rapidly Growing Global Marijuana Industry; Company Books $500K
Coral Springs, FL -- July 21, 2016 -- InvestorsHub NewsWire -- Cannabis & Marijuana opportunities continue to trudge forward as one of the hottest sectors as nearly 20 countries have legalized the plant to some degree. Marijuana revenues forecasted to triple and even more as reform, legalization & decriminalization sweeps the globe while companies begin to reap financial benefits.
CannaGrow Holdings, Inc. (OTC: CGRW), a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, announced that along with the existence of over 1,500 plants comprising the initial Production Cycle there has been an addition of 130 plants comprising in excess of 12 strains
CannaGrow Holdings, Inc. Announces Introduction of a Variety of Strains Into Mother Plant Room at the Colorado Buffalo Ranch Project 1
CENTENNIAL, CO--(Marketwired - Jul 20, 2016) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) --CannaGrow Holdings, Inc., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announced that along with the existence of over 1,500 plants comprising the initial Production Cycle there has been an addition of 130 plants comprising in excess of 12 strains.
Dr. John P. Janovec, Ph.D., C.O.O. of CannaGrow Holdings, states, "This is as exciting as it gets in terms of the underlying genetic basis of production at Colorado Buffalo Ranch Project I. We designed the State of the Art Mother Plant Room to house a rich base of Cannabis genetic diversity while at the same enabling a perpetual flow of clones to the nearly 12,000-sq. ft. of grow area. With the nursery at the center of the facility, the Mother Plant Room will enable me to focus on the genetics of various popular and highly marketable strains while working to develop our own proprietary strains. I believe that my education and background involving plant evolution and genetics will enable the end products to be of the highest quality while creating a great demand in the market place."
Jason Wells, CannaGrow Holdings' Consultant, remarked, "While the Mother Plant Room is being ramped up to maintain a steady supply of quality clones for future production, I will remain focused on the current production cycle involving over 1500 plants. This first production cycle will include multiple varieties of Cannabis, including Indicas, Sativas, and hybrids. The intent is to bring to market quality, pesticide-free, sunshine-grown product as Category One Botanicals begins to make an entrance into the Colorado Cannabis Industry."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals, LLC, adds, "As the Key Employees of the facility work to begin operations and establish the various protocols required by the State, it is our intent to produce the highest quality Cannabis products available in the State of Colorado. We have assembled a Team of experts in Dr. John Janovec and Jason Wells who come from deep backgrounds in plant science, combining experience that exceeds thirty (30) plus years in botanical and horticultural research and development. I'm extremely happy to have both of them on board as leading consultants at Category One Botanicals. "
Delmar Janovec, CEO, stated, "I feel very confident with the entire Cultivation Team at the Colorado Buffalo Ranch Project I, allowing me to step back from the day-to-day operations at the facility. This will enable the Company to focus on future expansions of the remaining 15 acres of the 20 acre lease. One of our most recent inquiries has developed into serious discussions for the potential development of a duplicate project consisting of a 4.5-acre facility much like the project just completed for Category One Botanicals."
CannaGrow Holdings, Inc. and State Licensed Grower Announce the Arrival of Additional Highly Marketable Cannabis Strains at Colorado Buffalo Ranch Project I
CENTENNIAL, CO--(Marketwired - Jul 22, 2016) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) -- CannaGrow Holdings, Inc., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announced that Category One Botanicals, Sub-Lessor and State License Holder at the Grow Facility at the Buffalo Project I, has moved eight additional strains into the site Mother Plant Room.
Dr. John P. Janovec, Ph.D., C.O.O. of CannaGrow Holdings, states, "The arrival of the additional strains is really rounding out our genetic inventory. The Mother Plant Room now holds over 20 strains with growth cycles that range from eight weeks to five months. Indica and Indica Hybrids that mature early will help us to start making a respectable entry into the Wholesale Market while starting the process of branding our products. S High yield, longer cycle Sativa Strains will emphasize our capabilities as a genuine wholesale provider."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals LLC, adds, "When Dr. Janovec requested additional strains for the Mother Plant Room Inventory, I made the calls and made it happen. It has already been demonstrated to me what a dedicated and motivated team can accomplish. Our goal is to ramp up our production cycle as quickly as possible and take full advantage of all of the grow space that is available to us. With the Nexus Green House providing a year-round growing environment and the Seasonal Green Houses having the capabilities to produce nine months out of the year, I think it is safe to say we can expect great things in the future."
Jason Wells, CannaGrow Holdings' Consultant, remarked, "I am really looking forward to seeing these clones make the transition from the Mother Plant Room into the Nexus Green House and the three Seasonal Green Houses. The opportunity to work with strains such as 'Gorilla Glue,' 'Master Kush,' 'Jack Flash,' 'Biodiesel,' and 'Head Band' is very exciting. The Mother Plant Room will provide a perpetual output of clones and an environment for the development of new strains."
Delmar Janovec, CEO, stated, "Everything has really come together and all of the hard work and long hours should begin to pay off in a big way. I hope to be able to make some very significant expansion announcements as we look for additional businesses and opportunities in the Colorado Cannabis Industry."
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity in providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's COO, Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional prospective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
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.
Delmar Janovec, CEO, stated, "Everything has really come together and all of the hard work and long hours should begin to pay off in a big way. I hope to be able to make some very significant expansion announcements as we look for additional businesses and opportunities in the Colorado Cannabis Industry."
CannaGrow has already received numerous inquiries from additional prospective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
Jul 14, 2016 REVENUES FACT
"The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's COO, Dr. John P. Janovec, and Consultant, Jason Wells. "
Can someone else chime in about the relationships and why it's a good thing?
Everyone else here finds it as a good thing that they are so closely connected here.
Most likely category one just has the license in hand and CGRW employees "consultants" are doing all of the work and they will get paid accordingly.
We have already uncovered the fact that they are all so closely connected and it is a good thing !
Jul 14, 2016 REVENUES
"The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's COO, Dr. John P. Janovec, and Consultant, Jason Wells. "
I think it's a good thing, investor money was not used in the buildout, SELF FUNDED. They executed on all of their plan. Maybe when the buildout is complete they will then aquire NU GRO. That would be an asset for you. It wouldn't be illegal either I believe that CGRA owns the land that their licensed grower uses. MAYBE they will aquire category one when the time is right and MJ is legal! All answers we don't know yet but it really looks that way. They have done everything right so far!
CGRW is coiled up and ready to spring on news
Keep posting !
News and promos are gonna keep coming here ! Don't be left behind !!$$$$$$$$
I am sure that everyone here greatly appreciates the free analysis from the paid service of 420 Investor. Since it is a paid service I would venture to say that when a paid service is weighing in on CGRW that it is a topic of relevance when it comes to CGRW.
420 Investor the infamous contrarian indicator first showed up to contribute to the board
1-5-15 on that day the stock opened at .432 and closed at .549.
GREAT POST
INCC was a joke and I don't think they ever even submitted a LUA
CGRW is sitting with a 5 year lease with three 3 year options.
They have the only water well in unincorporated Huerfano County that is rated commercial by the Colorado Department of Water Resources and ok'd for cannabis cultivation
they have subleased the entire facility to a licensed grower and apparently are supplying that grower with not only the lease but management and consulting services
Certificate of Occupancy was issued a couple of weeks ago and according to recent press they have over 1500 plants on site already
according to the filings there has not been a change in the share structure in two years unless you count reducing the authorized from 20 billion to 300 million
there is a lot of information out there just look around
We see .80 by this weeks end
Study Finds Drop In Prescription Drugs In Medical Marijuana States
They also saw $165.2 million in Medicare savings.
1 day ago | Updated 6 hours ago
Nina Golgowski Trends reporter, The Huffington Post
JOHN VIZCAINO / REUTERS
A new study found that states with legalized medical marijuana in 2013 saved $165.2 million in national Medicare program and enrollee spending.
States looking for a way to reduce Medicare spending and prescription drug use may want to turn to legalizing medical marijuana, a new study suggests.
The District of Columbia and the 17 states that had medical marijuana as an alternative to prescription drugs in 2013 saved an estimated total of $165.2 million in Medicare program and enrollee spending that year, researchers at the University of Georgia reported in the journal Health Affairs this month.
“The results suggest that if all states had implemented medical marijuana the overall savings to Medicare would have been around $468 million,” a press release on the findings stated.
JOHN MOORE VIA GETTY IMAGES
The study reviewed drug prescriptions for ailments that could be treated with medical marijuana. One such ailment, which is often treated with oxycodone pills, is pain.
Advertisement
AdChoices
The researchers looked at prescriptions filled by Medicare Prescription Drug Plan (or Part D) enrollees from 2010 to 2013. They then narrowed the prescriptions down to ones that could be substituted with medical marijuana. Those prescriptions were for ailments that included anxiety, depression, glaucoma, nausea, pain, psychosis, seizures, sleep disorders and spasticity.
Their results found that there were fewer prescriptions filled for the majority of those categories. The pain category, for instance, saw a decrease in 1,826 daily doses, while the depression category saw a 265 daily dosage decrease.
As the researchers noted in their release, they specifically looked at glaucoma patients’ use of marijuana.
“It turns out that glaucoma is one of the most Googled searches linked to marijuana, right after pain,” Dr. David Bradford of the university’s School of Public & International Affairs, who co-authored the report, stated in the university’s release.
The eye disease can be extremely painful and lead to blindness for some patients. Those sufferers who use marijuana, however, can experience a 25 percent decrease in eye pressure that’s caused by the condition, according to the release.
DAVID MCNEW / REUTERS
Jars containing marijuana are seen at a medical marijuana farmers market at the California Heritage Market in Los Angeles.
The relief provided by marijuana only lasts about 60 minutes, however, and expecting patients to take it once an hour is considered “unrealistic,” they concluded. Because of that, they stated that they fully expected prescription drug use to remain strong for the disease even when marijuana was an available alternative.
As the university’s release notes, “they were not disappointed.”
Though there were fewer drug prescriptions written for the other ailments, the daily doses of prescribed glaucoma medications increased, they stated.
That led them to believe that medical marijuana users are not requesting prescriptions just to enjoy a high, but are basing their decision on medical needs.
“The results suggest people are really using marijuana as medicine and not just using it for recreational purposes,” the study’s lead author, Ashley Bradford, who completed her bachelor’s degree in sociology in May, said in a statement.
Speaking in a recent YouTube interview, Bradford expressed hope “that this research will influence and reform policymaking.”
Decreasing Americans’ use of prescription drugs may not just be of monetary benefit, but depending on the type of drug, could help fight Americans’ addiction to prescription painkillers as well.
The U.S. is in the midst of an opioid overdose epidemic, according to the Centers for Disease Control and Prevention.
In 2014 alone, opioids ? including prescription opioid pain relievers and heroin ? killed more than 28,000 people, more than any year on record. At least half of all those deaths involved a prescription opioid.
“We now know that overdoses from prescription opioid pain relievers are a driving factor in the 15-year increase in opioid overdose deaths,” the CDC states on their website. “Since 1999, the amount of prescription opioids sold in the U.S. nearly quadrupled, yet there has not been an overall change in the amount of pain that Americans report.”
Three of the most common prescription drugs involved in opioid overdose deaths were methadone, oxycodone and hydrocodone.
Today, 25 states and Washington, D.C., have some form of legalized medical marijuana.
Also on HuffPost
50 Years Of Marijuana Polling
Comments
It's coming...they have to sell their MJ to someone ...they may not open their own but it's def a possibility
Wait till they team up with a dispensary or start their own :)
New week...plants still growing :)
Lots of tweets lately...finally getting noticed. We move higher very soon $$
News has been coming weekly...expect more BIG news here
CannaGrow Holdings, Inc. and State Licensed Grower Announce the Arrival of Additional Highly Marketable Cannabis Strains at Colorado Buffalo Ranch Project I
CENTENNIAL, CO--(Marketwired - Jul 22, 2016) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) -- CannaGrow Holdings, Inc., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announced that Category One Botanicals, Sub-Lessor and State License Holder at the Grow Facility at the Buffalo Project I, has moved eight additional strains into the site Mother Plant Room.
Dr. John P. Janovec, Ph.D., C.O.O. of CannaGrow Holdings, states, "The arrival of the additional strains is really rounding out our genetic inventory. The Mother Plant Room now holds over 20 strains with growth cycles that range from eight weeks to five months. Indica and Indica Hybrids that mature early will help us to start making a respectable entry into the Wholesale Market while starting the process of branding our products. S High yield, longer cycle Sativa Strains will emphasize our capabilities as a genuine wholesale provider."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals LLC, adds, "When Dr. Janovec requested additional strains for the Mother Plant Room Inventory, I made the calls and made it happen. It has already been demonstrated to me what a dedicated and motivated team can accomplish. Our goal is to ramp up our production cycle as quickly as possible and take full advantage of all of the grow space that is available to us. With the Nexus Green House providing a year-round growing environment and the Seasonal Green Houses having the capabilities to produce nine months out of the year, I think it is safe to say we can expect great things in the future."
Jason Wells, CannaGrow Holdings' Consultant, remarked, "I am really looking forward to seeing these clones make the transition from the Mother Plant Room into the Nexus Green House and the three Seasonal Green Houses. The opportunity to work with strains such as 'Gorilla Glue,' 'Master Kush,' 'Jack Flash,' 'Biodiesel,' and 'Head Band' is very exciting. The Mother Plant Room will provide a perpetual output of clones and an environment for the development of new strains."
Delmar Janovec, CEO, stated, "Everything has really come together and all of the hard work and long hours should begin to pay off in a big way. I hope to be able to make some very significant expansion announcements as we look for additional businesses and opportunities in the Colorado Cannabis Industry."
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity in providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's COO, Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional prospective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
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.
CannaGrow Holdings, Inc. Announces Introduction of a Variety of Strains Into Mother Plant Room at the Colorado Buffalo Ranch Project I
CENTENNIAL, CO--(Marketwired - Jul 20, 2016) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) -- CannaGrow Holdings, Inc., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announced that along with the existence of over 1,500 plants comprising the initial Production Cycle there has been an addition of 130 plants comprising in excess of 12 strains.
Dr. John P. Janovec, Ph.D., C.O.O. of CannaGrow Holdings, states, "This is as exciting as it gets in terms of the underlying genetic basis of production at Colorado Buffalo Ranch Project I. We designed the State of the Art Mother Plant Room to house a rich base of Cannabis genetic diversity while at the same enabling a perpetual flow of clones to the nearly 12,000-sq. ft. of grow area. With the nursery at the center of the facility, the Mother Plant Room will enable me to focus on the genetics of various popular and highly marketable strains while working to develop our own proprietary strains. I believe that my education and background involving plant evolution and genetics will enable the end products to be of the highest quality while creating a great demand in the market place."
Jason Wells, CannaGrow Holdings' Consultant, remarked, "While the Mother Plant Room is being ramped up to maintain a steady supply of quality clones for future production, I will remain focused on the current production cycle involving over 1500 plants. This first production cycle will include multiple varieties of Cannabis, including Indicas, Sativas, and hybrids. The intent is to bring to market quality, pesticide-free, sunshine-grown product as Category One Botanicals begins to make an entrance into the Colorado Cannabis Industry."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals, LLC, adds, "As the Key Employees of the facility work to begin operations and establish the various protocols required by the State, it is our intent to produce the highest quality Cannabis products available in the State of Colorado. We have assembled a Team of experts in Dr. John Janovec and Jason Wells who come from deep backgrounds in plant science, combining experience that exceeds thirty (30) plus years in botanical and horticultural research and development. I'm extremely happy to have both of them on board as leading consultants at Category One Botanicals. "
Delmar Janovec, CEO, stated, "I feel very confident with the entire Cultivation Team at the Colorado Buffalo Ranch Project I, allowing me to step back from the day-to-day operations at the facility. This will enable the Company to focus on future expansions of the remaining 15 acres of the 20 acre lease. One of our most recent inquiries has developed into serious discussions for the potential development of a duplicate project consisting of a 4.5-acre facility much like the project just completed for Category One Botanicals."
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity of providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the Licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's C.O.O., Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional perspective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
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. 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.
CannaGrow Holdings, Inc. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2015, and the quarterly statements filed in calendar year 2016, at www.otcmarkets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3035512
CONTACT:
CannaGrow Holdings, Inc.
Delmar Janovec
Investor Relations
info@cannagrowholdings.com
http://cannagrowholdings.com/
Copyright © 2016 Marketwired. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
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Certificate of Occupancy Marks the Beginning of Operations of the Marijuana Cultivation Facility at the Colorado Buffalo Ranch Filing 5-Lot 61
Jul 14, 2016
OTC Disclosure & News Service
-
Certificate of Occupancy Marks the Beginning of Operations of the Marijuana Cultivation Facility at the Colorado Buffalo Ranch Filing 5-Lot 61
CENTENNIAL, CO--(Marketwired - Jul 14, 2016) - CannaGrow Holdings, Inc. (OTC PINK: CGRW), a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announced the achievement of a major milestone on the Colorado Buffalo Ranch Project located in Huerfano County, Colorado.
Delmar Janovec, CEO, stated, "On Monday, July 11, 2016, the Huerfano County Land Use Office completed the final inspection of the Colorado Buffalo Ranch Filing No. 5-Lot 61 facilities. On Wednesday, July 13, 2016, the Certificate of Occupancy was issued and Category One Botanical, LLC has now taken possession of the facility and initiated operations. The initial production cycle will include in excess of 1,500 plants and the implementation of a "Mother Plant" program required for the future cloning of numerous Hybrid Strains."
Janovec went on to add, "With the initial construction phase of our first five (5) acre facility completed I will now focus my attention on the inquiries from third parties interested in the potential development of additional facilities on an adjacent five (5) acre footprint of the Twenty (20) acres that are under lease to CannaGrow."
Dr. John P. Janovec, Ph.D., C.O.O. of Cannagrow Holdings, added, "With the initial construction phase completed and the Certificate of Occupancy issued, the Colorado State Licensed Grower can now move in and join our team. My primary tasks will be the implementation of production protocols, the gathering, categorizing, and management of various seed and clone stock, along with the development of new and specific strains. I find it very satisfying to be able to commence our botanical and horticultural work and research in a State of the Art Facility that has been built to our specifications!"
Jason Wells, Cannagrow Holdings' Consultant, remarked, "I have been waiting for the opportunity to get my hands back into the dirt again since arriving on site from Peru back in April. Dialing in the large-scale State of the Art Grow Facility with computerized lighting and irrigation will be first on the list. Management of the delicate ecosystems within the different buildings of the facility will be essential to producing significant quantities of product while maintaining superior quality. With our ability to accomplish that, we expect to become a major contender in the Colorado Cannabis Industry."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals LLC, reports, "The Colorado Buffalo Ranch Grow Facility rivals any commercial facility I have ever been involved with. Over the last decade I have been a General Manager for one of the largest Big Box Store Garden Departments in the state and I can say the professional team that has been assembled at Colorado Buffalo Ranch has the knowledge and experience to become an Industry Leader in Colorado."
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity in providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's COO, Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional perspective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
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. 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.
CannaGrow Holdings, Inc. encourages the public to read the above information in conjunction with its year-end statement for December 31, 2015, and the quarterly statements filed in calendar year 2016, at www.otcmarkets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3033623
CONTACT:
CannaGrow Holdings, Inc.
Delmar Janovec
Investor Relations
info@cannagrowholdings.com
http://cannagrowholdings.com/
DEA in 'Final Deliberative Process' to Decide Marijuana's Fate
If the DEA reschedules marijuana, the industry could be welcomed into the mainstream economy.
http://www.inc.com/will-yakowicz/dea-final-deliberative-process-to-decide-weeds-fate.html
Hillary Clinton
Democrat
ClintonBplusFormer Secretary of State Hillary Clinton is the presumptive nominee of the Democratic Party, which will officially nominate a candidate at its national convention scheduled for July 25-28, 2016.
Grade: B+
Where does she stand?
Clinton has expressed support for legal access to medical marijuana and more research into the medical benefits of marijuana.
In 2014, when asked about the legalization laws approved in Colorado and Washington, she said “states are the laboratories of democracy” and that she wants to see what happens in those states prior to taking a position in support or opposition to such laws.
During the October 13 Democratic presidential debate she was asked whether she has taken a position on state legalization laws now that a year has gone by, to which she replied, “No.” Instead, she expressed support for laws that allow legal access to medical marijuana, as well as concern about U.S. incarceration rates, noting that she does not believe people should be imprisoned for marijuana use. In an interview the following day, she expressed support for allowing states to adopt their own marijuana policies and said she would not want the federal government to interfere in them.
On November 7, 2015, Clinton said she supports reclassifying marijuana from Schedule I to Schedule II to remove barriers to researching its medical benefits.
What has she said?
“I think what the states are doing right now needs to be supported, and I absolutely support all the states that are moving toward medical marijuana, moving toward — absolutely — legalizing it for recreational use.
“What I’ve said is let’s take it off the what’s called Schedule I and put it on a lower schedule so that we can actually do research about it. There’s some great evidence about what marijuana can do for people who are in cancer treatment, who have other kind of chronic diseases, who are suffering from intense pain. There’s great, great anecdotal evidence but I want us to start doing the research.” Jimmy Kimmel Live, March 24, 2016
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“I think that states are the laboratories of democracy, and four states have already taken action to legalize, and it will be important that other states and the federal government take account of how that’s being done, what we learn from what they’re doing. I think that the states moving forward is appropriate and I think the federal government has to move to make this more available for research that they can then distribute to interested people across our country. I do think on the federal level we need to remove marijuana from the Schedule I of drugs, move it to Schedule II, which will permit it to be the basis for medical research because it’s important that we learn as much as possible. And since it was a Schedule I drug we haven’t done that research. A lot of experts in the field are telling me we’ve got to learn a lot more.” WBZ NewsRadio, January 25, 2016
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“What I do want is for us to support research into medical marijuana because a lot more states have passed medical marijuana than have legalized marijuana, so we’ve got two different experiences or even experiments going on right now.
“If we’re going to have a lot of states setting up marijuana dispensaries so that people who have some kind of medical need are getting marijuana, we need know what’s the quality of it, how much should you take, what should you avoid if you’re taking other medications.” The Huffington Post, November 7, 2015
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“I really believe it’s important that states like Colorado lead the way, so that we can learn what works and what doesn’t work. And I would certainly not want the federal government to interfere with the legal decision made by the people of Colorado, and enforced by your elected officials, as to how you should be conducting this business that you have approved. So, no, I want to give you the space and I want other states to learn from you, what works and what doesn’t work.” MSNBC, October 14, 2015
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When asked if she has taken a position on state marijuana legalization laws now that it has been a year since she said she wants to wait and see what happens in Colorado and Washington: “No. I think that we have the opportunity through the states that are pursuing recreational marijuana to find out a lot more than we know today. I do support the use of medical marijuana, and I think even there we need to do a lot more research so that we know exactly how we’re going to help people for whom medical marijuana provides relief.” 2016 Democratic Presidential Debate, October 13, 2015
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“Honestly, I don’t think we’ve done enough research yet to say what the effects are and what they could be on different people with different physical or psychological issues, different ages — yes, medical first and foremost, we ought to be doing more to make sure that we know how marijuana would interact with other prescription drugs and the like. But we also have to know how even medical marijuana impacts our kids and our communities.
“But the states are the laboratories of democracy, and we’re seeing states pass laws that enable their citizens to have access to medical marijuana under certain conditions, so we have the opportunity to try to study those. And then Colorado and Washington have proceeded to permit recreational use. And at the same time, we’re seeing the beginnings of important criminal justice reforms.
“So I’m a big believer in acquiring evidence, and I think we should see what kind of results we get, both from medical marijuana and from recreational marijuana before we make any far-reaching conclusions.
“I think the feds should be attuned to the way marijuana is still used as a gateway drug and how the drug cartels from Latin America use marijuana to get footholds in states, so there can’t be a total absence of law enforcement, but what I want to see, and I think we should be much more focused on this, is really doing good research so we know what it is we’re approving.” KPCC, July 22, 2014
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“I don’t think we’ve done enough research yet although I think for people who are in extreme medical conditions and have anecdotal evidence that it works, there should be availability under appropriate circumstances.
“On [laws allowing adult marijuana use], you know, states are the laboratories of democracy. We have at least two states that are experimenting with that right now. I want to wait and see what the evidence is.” CNN, June 2014
Donald Trump
Republican
DonaldGradeGenBusinessman and television personality Donald Trump is the presumptive nominee of the Republican Party, which will officially nominate a candidate at its national convention scheduled for July 18-21, 2016.
Grade: C+
Where does he stand?
In 1990, Trump said he favored legalizing all drugs, but more recently he has said he opposes legalizing and regulating marijuana for adult use.
He supports legal access to medical marijuana, and he believes states should be able to set their own marijuana policies with regard to adult use.
What has he said?
“In terms of marijuana and legalization, I think that should be a state issue, state-by-state. … Marijuana is such a big thing. I think medical should happen — right? Don’t we agree? I think so. And then I really believe we should leave it up to the states.” Washington Post, October 29, 2015
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“I’d say [regulating marijuana] is bad. Medical marijuana is another thing, but I think it’s bad and I feel strongly about that. [Moderator: “What about the states’ right aspect of it?”] If they vote for it, they vote for it… But I think, medical marijuana, 100%.” C-SPAN, June 23, 2015
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“We’re losing badly the War on Drugs. You have to legalize drugs to win that war. You have to take the profit away from these drug czars.” Miami Herald, April 14, 1990
Look at that 3 year chart!!! Amazing !!!
Before it was even CGRW. Get outta here.
Yes it really could....was just making reference to our friend here...am I missing anything in my previous post?!?!
CGRW will be over 1.00 next year..
Revenues$$
Second facility
Multiple harvests
Entering into other aspects of the industry
Reschedule of MJ
They have executed everything they have planned over the last 3 years and now are hammering us with better news every week. It doesn't get much better than this!
Finally into the revenue stage of the company and it couldn't look any sweeter!
GREAT READ FOR ANYONE NEW HERE !
Ramping up at the right time too!
This is gonna be an amazing ride...only good things to come!
CannaGrow Holdings, Inc. and State Licensed Grower Announce the Arrival of Additional Highly Marketable Cannabis Strains at Colorado Buffalo Ranch Project I
CENTENNIAL, CO--(Marketwired - Jul 22, 2016) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) -- CannaGrow Holdings, Inc., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announced that Category One Botanicals, Sub-Lessor and State License Holder at the Grow Facility at the Buffalo Project I, has moved eight additional strains into the site Mother Plant Room.
Dr. John P. Janovec, Ph.D., C.O.O. of CannaGrow Holdings, states, "The arrival of the additional strains is really rounding out our genetic inventory. The Mother Plant Room now holds over 20 strains with growth cycles that range from eight weeks to five months. Indica and Indica Hybrids that mature early will help us to start making a respectable entry into the Wholesale Market while starting the process of branding our products. S High yield, longer cycle Sativa Strains will emphasize our capabilities as a genuine wholesale provider."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals LLC, adds, "When Dr. Janovec requested additional strains for the Mother Plant Room Inventory, I made the calls and made it happen. It has already been demonstrated to me what a dedicated and motivated team can accomplish. Our goal is to ramp up our production cycle as quickly as possible and take full advantage of all of the grow space that is available to us. With the Nexus Green House providing a year-round growing environment and the Seasonal Green Houses having the capabilities to produce nine months out of the year, I think it is safe to say we can expect great things in the future."
Jason Wells, CannaGrow Holdings' Consultant, remarked, "I am really looking forward to seeing these clones make the transition from the Mother Plant Room into the Nexus Green House and the three Seasonal Green Houses. The opportunity to work with strains such as 'Gorilla Glue,' 'Master Kush,' 'Jack Flash,' 'Biodiesel,' and 'Head Band' is very exciting. The Mother Plant Room will provide a perpetual output of clones and an environment for the development of new strains."
Delmar Janovec, CEO, stated, "Everything has really come together and all of the hard work and long hours should begin to pay off in a big way. I hope to be able to make some very significant expansion announcements as we look for additional businesses and opportunities in the Colorado Cannabis Industry."
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity in providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's COO, Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional prospective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
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.
CGRW$$MORE NEWS
CannaGrow Holdings, Inc. and State Licensed Grower Announce the Arrival of Additional Highly Marketable Cannabis Strains at Colorado Buffalo Ranch Project I
CENTENNIAL, CO--(Marketwired - Jul 22, 2016) - CannaGrow Holdings, Inc. (OTC PINK: CGRW) -- CannaGrow Holdings, Inc., a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, today announced that Category One Botanicals, Sub-Lessor and State License Holder at the Grow Facility at the Buffalo Project I, has moved eight additional strains into the site Mother Plant Room.
Dr. John P. Janovec, Ph.D., C.O.O. of CannaGrow Holdings, states, "The arrival of the additional strains is really rounding out our genetic inventory. The Mother Plant Room now holds over 20 strains with growth cycles that range from eight weeks to five months. Indica and Indica Hybrids that mature early will help us to start making a respectable entry into the Wholesale Market while starting the process of branding our products. S High yield, longer cycle Sativa Strains will emphasize our capabilities as a genuine wholesale provider."
Rod Clawson, Licensed Grower and Managing Member of Category One Botanicals LLC, adds, "When Dr. Janovec requested additional strains for the Mother Plant Room Inventory, I made the calls and made it happen. It has already been demonstrated to me what a dedicated and motivated team can accomplish. Our goal is to ramp up our production cycle as quickly as possible and take full advantage of all of the grow space that is available to us. With the Nexus Green House providing a year-round growing environment and the Seasonal Green Houses having the capabilities to produce nine months out of the year, I think it is safe to say we can expect great things in the future."
Jason Wells, CannaGrow Holdings' Consultant, remarked, "I am really looking forward to seeing these clones make the transition from the Mother Plant Room into the Nexus Green House and the three Seasonal Green Houses. The opportunity to work with strains such as 'Gorilla Glue,' 'Master Kush,' 'Jack Flash,' 'Biodiesel,' and 'Head Band' is very exciting. The Mother Plant Room will provide a perpetual output of clones and an environment for the development of new strains."
Delmar Janovec, CEO, stated, "Everything has really come together and all of the hard work and long hours should begin to pay off in a big way. I hope to be able to make some very significant expansion announcements as we look for additional businesses and opportunities in the Colorado Cannabis Industry."
CannaGrow Holdings, Inc., the Liaison and Representative for NuGro Industries, will continue in its capacity in providing oversight as the Facilities Manager, working with the State/County Agencies and Category One Botanicals, LLC, the licensed Grower for the facilities. The completion of this project will now provide the company the basis to begin generating revenues from the Licensed Growers subleasing the turnkey facilities being built to the specifications of CannaGrow's COO, Dr. John P. Janovec, and Consultant, Jason Wells. CannaGrow has already received numerous inquiries from additional prospective tenants and is also exploring additional business ventures within this industry that could further enhance shareholder value.
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.