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Can Medical Marijuana Save People A Great Deal Of Money From Medicaid?
Marijuana Trends & Articles
Apr 27, 2017
0 529
Now we all know that no one can deny that marijuana is a drug(according to federal regulation), but when used correctly it can also be a medicine. In the 28 states that have legalized medicinal marijuana over the last decade something amazing has happened, people who are on Medicaid filed for less prescriptions in those legal states. According to a new study, If medical marijuana were legalized in all 50 states, Americans could save more than a billion dollars in Medicaid costs.
It’s no big secret that cannabis can be utilized for many ailments that are associated with serious diseases like chronic pain and cancer. ( two different ailments which would require a cocktail of big-pharma medicine to treat)
seeking to enumerate the extent that marijuana, CBD oil and other marijuana-based items replace pharmaceutical medicines, researchers from Health affairs examined prescription data from Medicaid programs between 2007 and 2014. And in more than half of the clinical categories studied, the researchers found that fewer prescriptions were filled where cannabis was available.
The study found “a 13 percent reduction for drugs used to treat depression, a 17 percent reduction for those used to treat nausea, 12 percent reductions for those used to treat psychosis and those used to treat seizure disorders, and an 11 percent reduction for drugs used to treat pain.”
“If all states had had a medical marijuana law in 2014, we estimated that total savings for fee-for-service Medicaid could have been $1.01 billion,” wrote the authors. “Our findings suggest that patients and physicians in the community are reacting to the availability of medical marijuana as if it were medicine.”
Obviously, this study only looks at data from health-care programs that include the country’s low-income healthcare program, Medicaid. Roughly 20 percent of Americans are currently on a form of Medicaid, which suggests that the annual savings in prescription drugs would be several billions more.
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Don't wait to long Wli, you might find yourself chasing it. GLTU
Thank You, I have been looking for a Canadian pot related investment. With some DD and investigating I found what seems to be this Gem. Hope I'm right, sure seems to be the right time to put some powder in this market. With the legalization of MJ, both Med and Rec threw out the whole country. Imagine if Trump would follow suite. Any news or information you can give a newbie would be greatly appreciated. Thanks again GLTA
I spent 20 years on Wall Street. Now I'm investing in marijuana
Nice Op-Ed here
http://www.cnbc.com/2017/04/28/why-i-left-wall-street-to-invest-in-marijuana-commentary.html
I spent 20 years on Wall Street. Now I'm investing in marijuana
Nice Op-Ed here
http://www.cnbc.com/2017/04/28/why-i-left-wall-street-to-invest-in-marijuana-commentary.html
new here what is an LP?
Sitting tight also!! $$$$$$$$$$
Good News
Jeff Sessions wise to hear out Hickenlooper on marijuana-
The attorney general told Colorado’s governor that an Obama-era memo is “not too far from good policy”
By The Denver Post Editorial Board |
PUBLISHED: April 27, 2017 at 2:33 pm | UPDATED: April 27, 2017 at 4:42 pm
Colorado Gov. John Hickenlooper, left, met Thursday in Washington D.C., with U.S. Attorney General Jeff Sessions
Colorado’s cannabis industry and its fans should take note. A meeting Wednesday in Washington between Attorney General Jeff Sessions and Gov. John Hickenlooper suggests the federal crackdown we’ve been concerned about isn’t coming any time soon, and likely isn’t coming at all.
Hickenlooper’s chief of staff, Doug Friednash, tells us the hour-long meeting to discuss Colorado’s cannabis laws and the threat of federal intervention went amicably. The biggest takeaways, Friednash said, are that the new attorney general is far more focused on other priorities, like securing the border with a wall, than in disrupting our legal cannabis marketplace.
Sessions indicated his office was reviewing a directive — known as the Cole memo — from the Obama administration that led to the current status quo where the feds allow states that have legalized marijuana to operate without undue interference.
Friednash said the attorney general found the Cole memo “not too far from good policy.”
We’re thrilled at the news. Recently, we advocated for just such a meeting. Hickenlooper was right to reach out to the attorney general, and Sessions was wise to hear him out.
Yes, the law-and-order Sessions could change his mind. And President Donald Trump could get involved in unpredictable ways. It’s also possible we’re reading too much into the conversation. But the substance of the meeting in and of itself should comfort those worried about the chaos that would result if the feds decided to crash the Colorado experiment.
Hickenlooper laid out the basics, noting that he worked against legalization here, but that he believes Colorado lawmakers and regulators have in place a good system that is getting better. The governor noted that we haven’t seen a rise in teenage use of the drug, that emergency room visits have decreased as laws regulating edibles have made the products safer and that the state worked this legislative session to tighten loopholes in grows that have seen large amounts of pot slipping into other states that haven’t legalized.
The administration has sent mixed messages on pot-legal states. On the campaign trail Trump said he would leave the states alone. But White House spokesman Sean Spicer has said that there would be greater enforcement on recreational sales.
To that point, Hickenlooper argued that a crackdown on recreational marijuana would lead us back to the days of massive use of medical marijuana, as recreational owners would switch to medical and we’ve all seen there are plenty of doctors willing to prescribe the drug.
“You would just be trading one problem for another,” Friednash said, adding that such a change would only encourage more gray- and black-market conditions.
Importantly, the governor and the attorney general ended the meeting positively. The pair agreed to share information to help inform federal decision-making and Sessions seemed interested in a visit to our fair state.
Working together to get through this change in leadership is the better path. We hope the relationship grows and contributes to thoughtful and responsible review of the status quo.
iHub NewsWire
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Start posting your company's news. Only $100 per official company press release!
SureTrader
Good News
GOOD News
Jeff Sessions wise to hear out Hickenlooper on marijuana-
The attorney general told Colorado’s governor that an Obama-era memo is “not too far from good policy”
By The Denver Post Editorial Board |
PUBLISHED: April 27, 2017 at 2:33 pm | UPDATED: April 27, 2017 at 4:42 pm
Colorado Gov. John Hickenlooper, left, met Thursday in Washington D.C., with U.S. Attorney General Jeff Sessions
Colorado’s cannabis industry and its fans should take note. A meeting Wednesday in Washington between Attorney General Jeff Sessions and Gov. John Hickenlooper suggests the federal crackdown we’ve been concerned about isn’t coming any time soon, and likely isn’t coming at all.
Hickenlooper’s chief of staff, Doug Friednash, tells us the hour-long meeting to discuss Colorado’s cannabis laws and the threat of federal intervention went amicably. The biggest takeaways, Friednash said, are that the new attorney general is far more focused on other priorities, like securing the border with a wall, than in disrupting our legal cannabis marketplace.
Sessions indicated his office was reviewing a directive — known as the Cole memo — from the Obama administration that led to the current status quo where the feds allow states that have legalized marijuana to operate without undue interference.
Friednash said the attorney general found the Cole memo “not too far from good policy.”
We’re thrilled at the news. Recently, we advocated for just such a meeting. Hickenlooper was right to reach out to the attorney general, and Sessions was wise to hear him out.
Yes, the law-and-order Sessions could change his mind. And President Donald Trump could get involved in unpredictable ways. It’s also possible we’re reading too much into the conversation. But the substance of the meeting in and of itself should comfort those worried about the chaos that would result if the feds decided to crash the Colorado experiment.
Hickenlooper laid out the basics, noting that he worked against legalization here, but that he believes Colorado lawmakers and regulators have in place a good system that is getting better. The governor noted that we haven’t seen a rise in teenage use of the drug, that emergency room visits have decreased as laws regulating edibles have made the products safer and that the state worked this legislative session to tighten loopholes in grows that have seen large amounts of pot slipping into other states that haven’t legalized.
The administration has sent mixed messages on pot-legal states. On the campaign trail Trump said he would leave the states alone. But White House spokesman Sean Spicer has said that there would be greater enforcement on recreational sales.
To that point, Hickenlooper argued that a crackdown on recreational marijuana would lead us back to the days of massive use of medical marijuana, as recreational owners would switch to medical and we’ve all seen there are plenty of doctors willing to prescribe the drug.
“You would just be trading one problem for another,” Friednash said, adding that such a change would only encourage more gray- and black-market conditions.
Importantly, the governor and the attorney general ended the meeting positively. The pair agreed to share information to help inform federal decision-making and Sessions seemed interested in a visit to our fair state.
Working together to get through this change in leadership is the better path. We hope the relationship grows and contributes to thoughtful and responsible review of the status quo.
iHub NewsWire
Enertopia Announces Close of Financing(ENRT) Apr 28, 2017 7:00 AM
Capstone Companies, Inc. Raises First Quarter 2017 Revenue Expectations to $5.5 Million(CAPC) Apr 27, 2017 12:41 PM
Capstone Companies, Inc. Attends 2017 National Hardware Show and Launches Product Line Extensions(CAPC) Apr 27, 2017 12:39 PM
PURA and Partners USMJ MLCG and ALKM Rated VERY BULLISH After PURA Press Release Today(PURA) Apr 27, 2017 12:33 PM
NOHO SIGNS LETTER OF INTENT FOR FDA REGISTERED DRUG FORMULATION(DRNK) Apr 27, 2017 11:00 AM
Start posting your company's news. Only $100 per official company press release!
SureTrader
Any updates on the Q1 Fins, today, tomorrow? Can't wait!!!
What is it your afraid of?
Jelly is a superior donut lol big money to be made here very soon.
Good thing we are very involved with growing produce and not only MJ. Because so far Trump sucks for MJ, hope he changes his attitude and starts to realizes how much revenue and jobs can be made from legalization. States are fighting hard against Fed interference in the process. "Give The People What They Want" Prohibition didn't work for Alcohol and it will not work for MJ. GO GRNH
People will be coming back to MJTK very soon for the big money, maybe green by EOD. GLTA
At 0.0001 you really can't lose, it's not going to 0.0000 if it goes to 0.0002 you doubled your investment 0.0003 triple, and so on, it's a no brainer. Big things happening GLTA $$$$$$$
Very "Red" out there today, thank you Trump & Sessions if you keep up your old fart attitude towards MJ, you'll be gone in four years. Give the people what they want and the tax revenue to the government instead the cartels, so stupid. GLTA
Thanks Norfolkip!
Do you think Fins will come out this week? Next week? Anyone.
With all the buy volume in the last couple of weeks and the tremendous amount of positive post on this board surprised we haven't seen 0.0003 yet. Still holding my 5 milly + shares and expecting this to move up soon BOOM GLTA
Holding but would really like to see some news or PR.
Good News on concerning pot legalization
Elizabeth Warren
16 hrs ·
It's time that Congress listen to the majority of Americans and have a serious conversation about rescheduling marijuana. We need to take the lead of states that have taken a common-sense public health and safety approach to regulating marijuana that makes good use of our resources, allows us to conduct research on this drug, and ensures our drug enforcement policies are focused on dangerous opioids like heroin and fentanyl - not marijuana.
From her FB page.. If you dont' know who she is, she's a senator from MA..she kinda scares me, lol, cuz I live here, but...she's right on point, a VERY loud voice in Congress, and I believe will push this hard as it's well known she wants to run for Pres in 2020..
A PR would be nice about now, it would take us to Da-Moon and beyond [color=red][/color]
20% increase in profit 1st Fort Lee, N.J. (UPTICK Newswire – April 18, 2017) – Herborium® Group, Inc. (OTC Pink: HBRM), www.Herborium.com, a Botanical Therapeutics® Company and the provider of unique all botanical medicinal products (Botanical Therapeutics®) that target dermatological issues such as acne, and other health and wellness concerns, announced today that its First Quarter of 2017 is marked by two-digit growth of the Company’s Revenues and Gross Profit in comparison to the same period of 2016. .
The Achievements of the Q1, 2017:
•Herborium’s revenue increased 18% in comparison to Q1, 2016, to approximately $223,000 in sales.
•The Company’s gross profit increased 20%, over Q1, 2016, to $135,500 in 2017.
•Operating income loss was decreased 80% in comparison to operating income loss in Q1, 2016
•The Gross margin remained unchanged at the healthy 65%
•AcnEase US Facebook exceeded 75,000 likes and AcnEase France Facebook exceeded 55,000 likes
•In the First Quarter of 2017 the company built the high quality Spanish Website and Social Media platform for AcnEase to prepare monetization of the $1.4 trillion US Hispanic Market opportunity
The above milestones are an integral part of the Company’s growth strategy and its efforts to increase shareholders value. In addition to the above, the First Quarter of 2017 also brought the following important brand and sales building accomplishments:
•The Company established relationship with a number of top new influencers in USA, France, Canada, Spain and Argentina to increase global brand visibility.
•The Company initiated number of efforts to increase wholesale distribution of AcnEase that becomes one of the focal point of marketing effort in 2017.
•The Company is pursuing the number of venues to monetize its sexual Botanical Therapeutics.
•The Company identified and secured the product extension and products line extension opportunities for AcnEase Skin Management System planned to be introduced in 2017.
Outlook for 2017:
Herborium remains very optimistic about growing its business, sales and product awareness in the US and abroad.,
The Company continues its efforts to increase market penetration in both retail and wholesale sectors with the latest becoming a priority in 2017.
The Company also continues to decrease costs and retire debt. While the Company is still recognizing the expenses associated with developing new markets and preparing the launch of new products Herborium continues its growth, its search for partners and creative financing opportunities to support this growth.
The global nutraceutical market was valued at about $250 billion in 2016 and is expected to reach around $385 billion by the year 2021. The United States nutraceutical market has dominated this growth, accounting for approximately 36% of this growth. Herborium is both excellently prepared and committed to take advantage of this opportunity.
About Herborium Group, Inc.
Herborium Group, Inc. is a Botanical Therapeutics® company that develops, licenses and markets proprietary, botanical based medicinal products to consumers and healthcare professionals. The Company’s business model focuses on emerging market opportunities spearheaded by the growth of a new market sector located between high-cost, high-risk, ethical pharmaceuticals and commoditized classic nutraceuticals (supplements). The Company uses clinical validation and a proactive regulatory strategy based on the FDA Guidance for Industry: Botanical Drug Products (FDA Guidance 2004) to establish and maintain a differential advantage. Herborium has secured a pipeline of botanical ingredients based products in the areas of dermatological needs, wellness and energy, prostate health, women’s health and selected sexual disorders resulting from cardiovascular disease, use of anti-depressants, diabetes, surgical procedures, and other issues. Herborium Group sells its products in the United States, the United Kingdom, and continental Europe through a network of distributors, specialty retailers, and e-commerce. For more information, please visit www.herborium.com, www.acnease.com, www.acnease.fr.www.acneasesp.com, www.acnease.co.uk.
20% increase in gross profit in 1st Quarter 2017 (read)
I bought more yesterday no problem on Scottrade.
420 tomorrow a PR would be great right now........
WTF I'm getting 0 Volume on my Scottrade SQ what's up with that?
Just picked another Milly @ 0.0016
I have a question, I have been in HBRM for a long time unfortunately I bought at a high point and for quite some time it's been a no bid stock. I haven't seen this much chatter on this site for years and their is a lot more volume day after day for weeks now, yet the PPS never moves and still no bid. WHY?
Still in, may buy more but apprehensive THANKS
Green EOD
Good news for the whole sector over the weekend. Feds laying off MJ. Going after Cocaine, Meth and the cartels.
Still in MJTK, this week should tell us the news we want to hear.
Thank You, Can't wait been here a long time
When can we expect Fins to come out? They should be phenomenal!!!
West Virginia appears poised to legalize medical cannabis
West Virginia, one of only six states left in the nation with no form of legal cannabis, could soon become the latest state to approve a functioning medical marijuana industry.
Senate Bill 386, which already passed the state Senate in a lopsided vote, is slated for a possible floor vote in the House on Monday, according to MetroNews. The bill was fast-tracked in the House, the Herald-Dispatch reported, in a move to force members to vote on the issue instead of letting it expire when the legislature adjourns April 8.
The House leadership, however, gave the bill back to a legislative committee for the weekend, meaning some changes could be made to the measure before it heads to the floor. Any changes would require Senate approval.
Mirth ProvisionsIn its current form, the bill would establish a permitting system for growers, dispensaries and product manufacturers, the Herald-Dispatch reported. It would also allow for limited home cultivation by patients.
Gov. Jim Justice has expressed his support for MMJ, while also making clear that he’s not on board with full adult-use legalization, MetroNews reported.
If the bill becomes law, the soonest the West Virginia industry could be up and running would likely be sometime in 2018.
Daily News | Briefs | Cultivation | Dispensary/Retail Store Business News | Legal & Regulatory News for Marijuana Businesses
? Add a Comment
West Virginia appears poised to legalize medical cannabis
West Virginia, one of only six states left in the nation with no form of legal cannabis, could soon become the latest state to approve a functioning medical marijuana industry.
Senate Bill 386, which already passed the state Senate in a lopsided vote, is slated for a possible floor vote in the House on Monday, according to MetroNews. The bill was fast-tracked in the House, the Herald-Dispatch reported, in a move to force members to vote on the issue instead of letting it expire when the legislature adjourns April 8.
The House leadership, however, gave the bill back to a legislative committee for the weekend, meaning some changes could be made to the measure before it heads to the floor. Any changes would require Senate approval.
Mirth ProvisionsIn its current form, the bill would establish a permitting system for growers, dispensaries and product manufacturers, the Herald-Dispatch reported. It would also allow for limited home cultivation by patients.
Gov. Jim Justice has expressed his support for MMJ, while also making clear that he’s not on board with full adult-use legalization, MetroNews reported.
If the bill becomes law, the soonest the West Virginia industry could be up and running would likely be sometime in 2018.
Daily News | Briefs | Cultivation | Dispensary/Retail Store Business News | Legal & Regulatory News for Marijuana Businesses
? Add a Comment
West Virginia appears poised to legalize medical cannabis
West Virginia, one of only six states left in the nation with no form of legal cannabis, could soon become the latest state to approve a functioning medical marijuana industry.
Senate Bill 386, which already passed the state Senate in a lopsided vote, is slated for a possible floor vote in the House on Monday, according to MetroNews. The bill was fast-tracked in the House, the Herald-Dispatch reported, in a move to force members to vote on the issue instead of letting it expire when the legislature adjourns April 8.
The House leadership, however, gave the bill back to a legislative committee for the weekend, meaning some changes could be made to the measure before it heads to the floor. Any changes would require Senate approval.
Mirth ProvisionsIn its current form, the bill would establish a permitting system for growers, dispensaries and product manufacturers, the Herald-Dispatch reported. It would also allow for limited home cultivation by patients.
Gov. Jim Justice has expressed his support for MMJ, while also making clear that he’s not on board with full adult-use legalization, MetroNews reported.
If the bill becomes law, the soonest the West Virginia industry could be up and running would likely be sometime in 2018.
Daily News | Briefs | Cultivation | Dispensary/Retail Store Business News | Legal & Regulatory News for Marijuana Businesses
? Add a Comment
The Vultures are out in full force and circling, anybody got a shotgun. Bashers are so dam predicable A-holes. Stay strong people, this will fly soon. GLTA Longs