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Up 12.50%+ today! Let's Close GREEN!
Eyes will be on this SOON! IMO
GLTA!
Saying ‘yes’ to marijuana money, new bank comes to Florida
Where the big banks say no, Justin Costello is saying ‘yes.’
Foreseeing “a multibillion-dollar industry here,” the head of Seattle-based GRN Funds says his firm has come to Florida to offer banking services to the state’s medical marijuana providers.
It already handles about $500 million in deposits for clients in the cannabis industry on the West Coast.
Costello, its chairman and CEO, was in Tallahassee last week to meet with state financial regulators “strictly as a courtesy.” (As a bank, his firm is federally chartered and not regulated by the state, he says.)
Accompanying him on that visit was Jeff Sharkey and Taylor Biehl of the Medical Marijuana Business Association of Florida, “facilitating an introduction to state policymakers,” as Sharkey put it.
“We just wanted to let them know what’s happening,” said Sharkey, who also operates the Capitol Alliance Group. “We thought it important that they understand the right way to do this … There are millions of dollars in cash going around out there.”
http://floridapolitics.com/archives/269356-marijuana-money-new-bank
HUGE!!! IMO
Rep. Tim Ryan: Marijuana should be legal in all 50 states
https://www.cnn.com/2018/07/20/opinions/legalize-marijuana-all-50-states-ryan/index.html
BIG NEWS IMO
Rep. Tim Ryan: Marijuana should be legal in all 50 states
https://www.cnn.com/2018/07/20/opinions/legalize-marijuana-all-50-states-ryan/index.html
BIG NEWS IMO, If RXMD really wants pursue more CBD/MJ related stuff, this should help!
Will the Pot Era ever recover? This is an unusual slide for the past several months, and everyone says "Summer Time slow down" But there's more to it, IMO. Its Scary!
Why is everyone pumping Tilray so hard? 63%+ since IPO? Wth, while the main players like Aurora are all bleeding. Almost Entire Portfolio is in the RED, MJ is really struggling right now, news are mixed. Wthh, MAKE IT STOP!! LOL
Yes, Long term hold IMO.
I'm in @.0449! GLTA!
Im eating Gummy Life Savers as we speak, seriously. Haha Go CELZ !
The entire MJ sector is Bleeding HARD. You would think with the way the past few weeks have been on the market; Marijuana is completely banned in all states, countries etc instead of legalizing? And all MJ stocks are being taken down??.. but its huge dilution IMO. WTF is going on?! Its all good news and nothing but blood everywhere in the sector. Its not a "summer" thing in my opinion.
Portfolio dropping by $45,000 daily.. FFFFFFF
Are you holding any MJ Long? Its Brutal right now!! WTF is going on? Portfolio is getting eaten alive.
Big money tests Canadian marijuana stocks
Bloomberg
Navy Capital’s one-room office in midtown Manhattan could probably fit in the coat closets of many of its competitors. But the hedge fund’s digs belie the firm’s success in betting on something few of its peers will touch: cannabis.
Since the Navy Capital Green Fund launched in May 2017 the company said it’s increased assets under management to almost $100 million from $10 million and returned more than 100 percent net of fees last year.
As for 2018, “we’re having a good year so far,” Sean Stiefel, Navy Capital’s 30-year-old founder said in an interview at the company’s office on Lexington Avenue, where the only adornment is a white board labeled “prospects.”
As Canada moves toward legalization of recreational marijuana on Oct. 17 and the U.S. shows signs of growing leniency, hedge funds such as Navy are leading the advance of institutional money into a sector that’s so far been dominated by retail investors.
Currently, institutions account for only a fraction of shares held in many pot companies: big firms hold 6.5 percent of Aphria and just 5.2 percent of Aurora Cannabis, both members of the Canada’s S&P/TSX Composite Index, according to data compiled by Bloomberg. By comparison, 76 percent of portfolio stalwart Rogers Communications is held by institutions.
For the few cannabis companies that are cross-listed on U.S. exchanges, institutional ownership is higher. About 18 percent of Canopy Growth Corp., which trades on the New York Stock Exchange, is held by institutions, while Cronos Group Inc., listed on the Nasdaq, is at 22 percent.
Navy Capital’s foray into cannabis investing started in 2016 when it got a call from a Canadian broker urging them to look at ICC Labs, chosen by Uruguay to produce recreational marijuana after it passed a law legalizing the drug in 2013.
Chief Investment Officer John Kaden, 44, said they almost didn’t take the call. “I mean, cannabis in Uruguay?”
But the growth projections couldn’t be ignored and Navy bought in at a C$40 million ($30 million) valuation before Vancouver-based ICC listed on Canada’s TSX Venture Exchange through a reverse takeover. Four months later when it had reached a market value of C$160 million, they sold. It’s worth about C$206 million now.
“After that we were like, ‘How do we learn as much as we can?”’ said Stiefel. “I went to Israel, Australia, Europe, Canada and we really tried to spend the latter half of 2016 understanding the landscape.”
Today, about half of Navy’s portfolio is invested in Canadian companies that it considers “properly valued,” including CannTrust Holdings, Hydropothecary Corp. and Organigram Holdings. The remainder is split between the U.S. and Europe, Israel and Australia. The fund invests in both public and private companies and sees the best investment opportunities shifting from Canada to the U.S., Europe and Latin America.
“We’re staying at the bleeding edge in the newer markets that are just legalizing,” Kaden said.
Canadian pot stocks have had a wild ride in the past year with the BI Canada Cannabis Competitive Peers Index surging about 250 percent from October to December as the road to legalization became clearer in Canada, before dropping by about 50 percent this year. The index is up about 108 percent since it began in January 2015.
While hedge funds like Navy are embracing the pot space, pension and mutual funds are still reluctant, said Chris Barry, a Seattle-based lawyer at Dorsey & Whitney LLP who works with cannabis firms. That’s not because they don’t see a compelling investment opportunity.
“I know personally of a number of occasions where a company has walked into a major mutual fund, an everyday name that you would know, and said, ‘How about it?”’ Barry said in a phone interview. “And people around the table have said, ‘Oh, our fund couldn’t possibly consider doing that,’ and then they pulled out their checkbooks and invested personally.”
Many U.S. funds don’t want to run afoul of investors and regulators in a country where marijuana is illegal at the federal level. That’s less of an issue for specialty hedge funds and family offices that fly under the radar. “It’s much easier for them to decide to assume the legal risk that Jeff Sessions is going to show up at the door someday than it is for a publicly listed mutual fund or a union pension fund,” Barry said, referring to the U.S. attorney general.
Pension giants the California Public Employees’ Retirement System and the Canada Pension Plan Investment Board said they have steered clear of the sector, while The Vanguard Group said it only invests in the stocks through its indexed products. BlackRock declined to comment.
Some cannabis firms are taking matters into their own hands, hiring people with capital markets experience to help lure institutional investors to their stocks. Last month, Khiron Life Sciences Corp. appointed Chris Naprawa, formerly a partner at Sprott Capital Partners and head of equity sales at Macquarie Canada, as its president with the goal of boosting the Vancouver-based company’s visibility to institutions. Naprawa said he hasn’t seen much appetite from large Canadian investors, but U.S. family offices and hedge funds are starting to buy into the space.
Investors say the industry has received three stamps of legitimacy in the past 12 months: Tiger Global Management, the $22 billion investment firm, bought a stake in San Jose, California-based cannabis software startup Green Bits Inc.; alcohol giant Constellation Brands Inc. bought a 9.9 percent stake in Canopy Growth; and GW Pharmaceuticals Plc received approval from the U.S. Food and Drug Administration for a cannabis-based epilepsy treatment, the first marijuana-derived medicine to get the green light in the U.S.
“Those types of breakthroughs are breaking down stigmas,” said Charles Taerk, chief executive officer of Toronto-based Faircourt Asset Management Inc., which runs the pot-focused UIT Alternative Health Fund. UIT, with about C$20 million in assets, caters primarily to retail investors.
San Francisco-based Poseidon Asset Management, one of the longest-running hedge funds in the cannabis space, said it’s seeing tentative interest from bigger institutions but they may not take the plunge until U.S. federal laws change.
“They’re all interested in getting educated but they don’t feel necessarily compelled to jump in yet,” said Morgan Paxhia, who co-founded and co-manages Poseidon with his sister Emily. “We’re just trying to build those relationships for when they do.”
Poseidon launched in January 2014 and has assets under management of more than $60 million. The fund has invested primarily in private companies for high-net-worth individuals and family offices, but plans to gradually increase its public exposure to as much as half its assets.
Another factor keeping the biggest investors away from the space is that most cannabis companies are still relatively small, said Kaden at Navy Capital.
“The reality is the Blackstones of the world can’t make this a core part of their business because it’s not going to move the needle for them,” he said. “They have to be able to deploy $1 billion to move the needle and right now it’s hard to deploy a couple hundred million.”
It may only be a matter of time. There are at least 91 publicly traded companies in Canada with a combined market value of more than C$30 billion, according to data compiled by Bloomberg. The largest of those, Canopy, has a market value of C$7.8 billion.
“I find this space so exciting, it’s like getting involved in liquor right before prohibition’s about to be eliminated,” said Navy Capital’s chief financial officer, Kevin Gahwyler.
This is Unusual right now.. Folks should be loading up for legalization but instead there appears to be a SELL OFF the past few weeks! WtF!
I don't think any other year's volume or performance is too relative to this year, something is going on, I don't like it. It needs to turn around quickly. I'm scared the government wants to control this way more than we know, and don't know how our stocks will be affected. AGH!
News are mixed, and scaring investors lately so we might have some gains in the next few weeks? Good news = bad, Bad news = Good (most times)
GLTA!
WTF is up with the MJ Sector lately? Seriously concerned about the Deeeep Cuts and Bleeding the past few weeks. WTF seriously. Losing a LOT holding long.
Called that bottom this morning at 1.05 when in the RED. Glad you listened :)
FL is fighting HARD.. A lot of pushback I think will tip them over shortly. IMO
Agreed. Most are forgetting things are JUST starting. (Including myself sometimes when watching the PPS)
Game starts October 17th. Perhaps a few weeks earlier for the anticipation and run up.
Until then, lets let the lawmakers arm wrestle and from all recent news, things look very promising. Especially on the US side, which will influence everything else.
IMO..
GLTA!
Heating UP!! 10.51%+ Today!
Momentum building, Laws will be changing, IMO.. Don't miss the Bus!
Because they want to be the "Future of Cannabis" lol.. AND IMO, the more exposure and ability to be found online, Brand the name, Make it known, Maybe it has to do with jurisdictions/online sales and or something else none of us know about.. (probably doesn't make sense, but guessing)
But I'm OK with it.. I'm sure it will all Tie in later.
I personally have 9 websites, and get found online very easily for iPhone repairs so this is a no issue for me, they can merge and combine when the time is right? IMO
GLTA!
GOOD BUY Price, IMO.. Adding
Welcome ;)
James Cole Talks Jeff Sessions And Marijuana Legalization
Good Info/news, IMO!!! -
Former Deputy Attorney General James Cole wasn’t especially surprised when he learned earlier this year that Attorney General Jeff Sessions rescinded his 2013 landmark namesake memo that provided guidance to U.S. attorneys on marijuana enforcement priorities. But he’s also skeptical that the policy regression will stand the test of time.
In a phone interview with Marijuana Moment, Cole discussed how the memo came to fruition (he conversed with President Barack Obama during the drafting, but declined to comment on the substance of those conversations), the future of cannabis policy in the United States and how, contrary to Sessions’s past statements, good people do smoke marijuana.
Cole, who will be a keynote speaker at the National Cannabis Industry Association’s Cannabis Business Summit & Expo later this month, is currently a partner at the law firm Sidley Austin LLP.
This interview has been lightly edited for length and clarity.
Marijuana Moment: Can you describe your reaction after hearing that Jeff Sessions rescinded your memo?
James Cole: I was not completely surprised. Certainly, the attorney general had expressed his views about marijuana and the marijuana industry. He had also, however, expressed views that he thought that the memo did a pretty good job of trying to rectify and regulate a difficult area because of the legal complications of it.
As to his reasons that it was unnecessary, I didn’t agree with that. I thought that, in fact, it was necessary. My concern in drafting the memo was public safety and trying to make sure that, accepting the fact that marijuana was going to be used on an increasing basis based on the resolutions in the states, you wanted to keep the cartels and the gangs out of it. And the best way to do that was by providing a regulatory scheme that would allow legitimate businesses that are well-regulated to exist so they can comply with the law, so that any revenue that may be generated can be brought into the state coffers, so that the enforcement of the regulations can be funded.
It just seemed to me that certainty being the hallmark of any business, the uniformity of the policy throughout the United States was a necessary element. Right now you’ve got 93 different U.S. attorneys who are given the discretion to decide what to do, and that does not bring certainty or uniformity. Whether there will be a change of enforcement activity, I don’t know. There’s certainly a change in policy and there’s certainly less comfort in the industry about what to do.
MM: On that last point, it doesn’t appear that there’s been a lot of eagerness on the part of federal prosecutors to crack down on the legal marijuana industry since the memo was rescinded. What do you make of that?
JC: I think some of it is a political reality. In the states that have legalized marijuana, obviously U.S. attorneys—although a lot of them are not permanently appointed, many are just acting at this point—they are political creatures. They are politically appointed in one form or another, and many times they look at being a U.S. attorney as a political stepping stone. So I think they’re responsive to what the political will is in the states where they reside.
That’s one of the realities that really enters into the enforcement mechanism. Is this really a place to use the resources of the federal government or not? The concerns that come in that jurisdiction can be vast and wide, and you may have a U.S. attorney in one jurisdiction—one that doesn’t have legalization—reaching out into a jurisdiction that does have legalization because there’s some kind of jurisdiction hook. I haven’t seen that yet. I don’t know if that’s ever going to happen, but that could be one of the concerns. At the end of the day, the rescission of the memo may prove to be more symbolic than it is substantive.
MM: When you started drafting the memo, were you having conversations about the issue with President Obama or White House staffers?
JC: Yes.
MM: Can you speak to the nature of those conversations?
JC: No, I cannot. No, I don’t talk about my conversations with the president.
MM: What would you tell marijuana business owners concerned about the possibility of a federal crackdown?
JC: Obviously, in most jurisdictions, lawyers are limited in what kind of advice they can give in this space because it is illegal under federal law. So we can advise quite easily about whether or not a particular course of conduct that somebody wants to take is legal or not. We can advise on what we believe the Department of Justice enforcement policy is—it’s a little less certain than it used to be. We can advise on what other laws come into play.
But ultimately, it comes down to a risk appetite for most companies that want to operate here as to whether or not they will accept a level of risk that whatever they’re doing may get prosecuted with whatever comes with that—which is both the threat of fines, maybe imprisonment, perhaps forfeiture.
MM: Do you feel that federal marijuana legalization is an inevitability?
JC: I believe it is. I look at the new [congressional] legislation that’s been proposed, which is, I believe, simple and straightforward. I think Congress is where the activity needs to take place. I think it is moving toward that. There’s growing acceptance of it. I think it’s a matter of ‘when’ and not ‘if’ at this point.
MM: Are there good people who smoke marijuana, contrary to what Sessions has said in the past?
JC: Yes, there are. There are. There are cancer patients, there are people with glaucoma, who get palliative effects from smoking marijuana. I wouldn’t call them bad people. I disagree with that.
James Cole Talks Jeff Sessions And Marijuana Legalization
HUGE NEWS IMO!!! - Some folks are posting nonsense, instead of doing HOMEWORK!!
Former Deputy Attorney General James Cole wasn’t especially surprised when he learned earlier this year that Attorney General Jeff Sessions rescinded his 2013 landmark namesake memo that provided guidance to U.S. attorneys on marijuana enforcement priorities. But he’s also skeptical that the policy regression will stand the test of time.
In a phone interview with Marijuana Moment, Cole discussed how the memo came to fruition (he conversed with President Barack Obama during the drafting, but declined to comment on the substance of those conversations), the future of cannabis policy in the United States and how, contrary to Sessions’s past statements, good people do smoke marijuana.
Cole, who will be a keynote speaker at the National Cannabis Industry Association’s Cannabis Business Summit & Expo later this month, is currently a partner at the law firm Sidley Austin LLP.
This interview has been lightly edited for length and clarity.
Marijuana Moment: Can you describe your reaction after hearing that Jeff Sessions rescinded your memo?
James Cole: I was not completely surprised. Certainly, the attorney general had expressed his views about marijuana and the marijuana industry. He had also, however, expressed views that he thought that the memo did a pretty good job of trying to rectify and regulate a difficult area because of the legal complications of it.
As to his reasons that it was unnecessary, I didn’t agree with that. I thought that, in fact, it was necessary. My concern in drafting the memo was public safety and trying to make sure that, accepting the fact that marijuana was going to be used on an increasing basis based on the resolutions in the states, you wanted to keep the cartels and the gangs out of it. And the best way to do that was by providing a regulatory scheme that would allow legitimate businesses that are well-regulated to exist so they can comply with the law, so that any revenue that may be generated can be brought into the state coffers, so that the enforcement of the regulations can be funded.
It just seemed to me that certainty being the hallmark of any business, the uniformity of the policy throughout the United States was a necessary element. Right now you’ve got 93 different U.S. attorneys who are given the discretion to decide what to do, and that does not bring certainty or uniformity. Whether there will be a change of enforcement activity, I don’t know. There’s certainly a change in policy and there’s certainly less comfort in the industry about what to do.
MM: On that last point, it doesn’t appear that there’s been a lot of eagerness on the part of federal prosecutors to crack down on the legal marijuana industry since the memo was rescinded. What do you make of that?
JC: I think some of it is a political reality. In the states that have legalized marijuana, obviously U.S. attorneys—although a lot of them are not permanently appointed, many are just acting at this point—they are political creatures. They are politically appointed in one form or another, and many times they look at being a U.S. attorney as a political stepping stone. So I think they’re responsive to what the political will is in the states where they reside.
That’s one of the realities that really enters into the enforcement mechanism. Is this really a place to use the resources of the federal government or not? The concerns that come in that jurisdiction can be vast and wide, and you may have a U.S. attorney in one jurisdiction—one that doesn’t have legalization—reaching out into a jurisdiction that does have legalization because there’s some kind of jurisdiction hook. I haven’t seen that yet. I don’t know if that’s ever going to happen, but that could be one of the concerns. At the end of the day, the rescission of the memo may prove to be more symbolic than it is substantive.
MM: When you started drafting the memo, were you having conversations about the issue with President Obama or White House staffers?
JC: Yes.
MM: Can you speak to the nature of those conversations?
JC: No, I cannot. No, I don’t talk about my conversations with the president.
MM: What would you tell marijuana business owners concerned about the possibility of a federal crackdown?
JC: Obviously, in most jurisdictions, lawyers are limited in what kind of advice they can give in this space because it is illegal under federal law. So we can advise quite easily about whether or not a particular course of conduct that somebody wants to take is legal or not. We can advise on what we believe the Department of Justice enforcement policy is—it’s a little less certain than it used to be. We can advise on what other laws come into play.
But ultimately, it comes down to a risk appetite for most companies that want to operate here as to whether or not they will accept a level of risk that whatever they’re doing may get prosecuted with whatever comes with that—which is both the threat of fines, maybe imprisonment, perhaps forfeiture.
MM: Do you feel that federal marijuana legalization is an inevitability?
JC: I believe it is. I look at the new [congressional] legislation that’s been proposed, which is, I believe, simple and straightforward. I think Congress is where the activity needs to take place. I think it is moving toward that. There’s growing acceptance of it. I think it’s a matter of ‘when’ and not ‘if’ at this point.
MM: Are there good people who smoke marijuana, contrary to what Sessions has said in the past?
JC: Yes, there are. There are. There are cancer patients, there are people with glaucoma, who get palliative effects from smoking marijuana. I wouldn’t call them bad people. I disagree with that.
Michigan Approves 11 New Conditions for Medical Marijuana Treatment
HUGE, IMO!! --
The state of Michigan on Monday approved 11 new conditions for treatment with medical marijuana, including arthritis, autism, and chronic pain.
Shelly Edgerton, the director of the Department of Licensing and Regulatory Affairs approved the list after a review panel that included physicians and testimonies from people with conditions they wanted approved, the Detroit Free Press reported. The new list now includes 22 total medical conditions that can be treated by the use of medical marijuana, with a doctor’s recommendation.
Post-traumatic stress disorder, cancer, and glaucoma were all on the previous list of ailments. The new list now includes conditions such as inflammatory bowel disease, obsessive compulsive disorder, and Parkinson’s, which will all go into effect immediately.
Dr. David Crocker, the founder of Michigan Holistic Health, called the addition of autism to the list “wonderful news,” the Detroit News reported. Crocker explained that marijuana could help patients who are overstimulated to have “a meditative distance.”
According to Scott Badesch, president and CEO of the Autism Society of America, who spoke with the Press, patients should consult with a doctor before using medical marijuana for treatment. Badesch added, “But I have yet to hear from a parent who has said that it hasn’t been helpful for their children with autism to treat things like seizure reduction, anxiety and depression.”
But Edgerton also rejected 11 other medical conditions from the list. Anxiety, asthma, depression, schizophrenia, and panic attacks didn’t make the cut.
Michigan is one of 30 states where marijuana has been legalized for medical purposes. There are currently 289,205 medical marijuana card holders in the state, and voters will see a proposal to legalize marijuana for recreational use on the ballot this fall.
http://fortune.com/2018/07/11/michigan-medical-marijuana/
Who bought 4,999 shares (9 times in a row) Dying to get in?! Welcome!!
Guessing you had a 5,000 limit on your account?
Agreed, same here. Adding another 1k tomorrow or Fri
GLTU!
Michigan Approves 11 New Conditions for Medical Marijuana Treatment
WOW!! --- Still think it should be Schedule 1?? HUGE NEWS IMO!! Changes in our favor coming soon! IMO!!
The state of Michigan on Monday approved 11 new conditions for treatment with medical marijuana, including arthritis, autism, and chronic pain.
Shelly Edgerton, the director of the Department of Licensing and Regulatory Affairs approved the list after a review panel that included physicians and testimonies from people with conditions they wanted approved, the Detroit Free Press reported. The new list now includes 22 total medical conditions that can be treated by the use of medical marijuana, with a doctor’s recommendation.
Post-traumatic stress disorder, cancer, and glaucoma were all on the previous list of ailments. The new list now includes conditions such as inflammatory bowel disease, obsessive compulsive disorder, and Parkinson’s, which will all go into effect immediately.
Dr. David Crocker, the founder of Michigan Holistic Health, called the addition of autism to the list “wonderful news,” the Detroit News reported. Crocker explained that marijuana could help patients who are overstimulated to have “a meditative distance.”
According to Scott Badesch, president and CEO of the Autism Society of America, who spoke with the Press, patients should consult with a doctor before using medical marijuana for treatment. Badesch added, “But I have yet to hear from a parent who has said that it hasn’t been helpful for their children with autism to treat things like seizure reduction, anxiety and depression.”
But Edgerton also rejected 11 other medical conditions from the list. Anxiety, asthma, depression, schizophrenia, and panic attacks didn’t make the cut.
Michigan is one of 30 states where marijuana has been legalized for medical purposes. There are currently 289,205 medical marijuana card holders in the state, and voters will see a proposal to legalize marijuana for recreational use on the ballot this fall.
http://fortune.com/2018/07/11/michigan-medical-marijuana/
Michigan Approves 11 New Conditions for Medical Marijuana Treatment
WOW!! --- Aurora will be the leader when EVERYONE needs it, and Preparing well for it!!!
The state of Michigan on Monday approved 11 new conditions for treatment with medical marijuana, including arthritis, autism, and chronic pain.
Shelly Edgerton, the director of the Department of Licensing and Regulatory Affairs approved the list after a review panel that included physicians and testimonies from people with conditions they wanted approved, the Detroit Free Press reported. The new list now includes 22 total medical conditions that can be treated by the use of medical marijuana, with a doctor’s recommendation.
Post-traumatic stress disorder, cancer, and glaucoma were all on the previous list of ailments. The new list now includes conditions such as inflammatory bowel disease, obsessive compulsive disorder, and Parkinson’s, which will all go into effect immediately.
Dr. David Crocker, the founder of Michigan Holistic Health, called the addition of autism to the list “wonderful news,” the Detroit News reported. Crocker explained that marijuana could help patients who are overstimulated to have “a meditative distance.”
According to Scott Badesch, president and CEO of the Autism Society of America, who spoke with the Press, patients should consult with a doctor before using medical marijuana for treatment. Badesch added, “But I have yet to hear from a parent who has said that it hasn’t been helpful for their children with autism to treat things like seizure reduction, anxiety and depression.”
But Edgerton also rejected 11 other medical conditions from the list. Anxiety, asthma, depression, schizophrenia, and panic attacks didn’t make the cut.
Michigan is one of 30 states where marijuana has been legalized for medical purposes. There are currently 289,205 medical marijuana card holders in the state, and voters will see a proposal to legalize marijuana for recreational use on the ballot this fall.
http://fortune.com/2018/07/11/michigan-medical-marijuana/
Michigan Approves 11 New Conditions for Medical Marijuana Treatment
WOW!! ---
The state of Michigan on Monday approved 11 new conditions for treatment with medical marijuana, including arthritis, autism, and chronic pain.
Shelly Edgerton, the director of the Department of Licensing and Regulatory Affairs approved the list after a review panel that included physicians and testimonies from people with conditions they wanted approved, the Detroit Free Press reported. The new list now includes 22 total medical conditions that can be treated by the use of medical marijuana, with a doctor’s recommendation.
Post-traumatic stress disorder, cancer, and glaucoma were all on the previous list of ailments. The new list now includes conditions such as inflammatory bowel disease, obsessive compulsive disorder, and Parkinson’s, which will all go into effect immediately.
Dr. David Crocker, the founder of Michigan Holistic Health, called the addition of autism to the list “wonderful news,” the Detroit News reported. Crocker explained that marijuana could help patients who are overstimulated to have “a meditative distance.”
According to Scott Badesch, president and CEO of the Autism Society of America, who spoke with the Press, patients should consult with a doctor before using medical marijuana for treatment. Badesch added, “But I have yet to hear from a parent who has said that it hasn’t been helpful for their children with autism to treat things like seizure reduction, anxiety and depression.”
But Edgerton also rejected 11 other medical conditions from the list. Anxiety, asthma, depression, schizophrenia, and panic attacks didn’t make the cut.
Michigan is one of 30 states where marijuana has been legalized for medical purposes. There are currently 289,205 medical marijuana card holders in the state, and voters will see a proposal to legalize marijuana for recreational use on the ballot this fall.
http://fortune.com/2018/07/11/michigan-medical-marijuana/
Michigan Approves 11 New Conditions for Medical Marijuana Treatment
WOW!! ---
The state of Michigan on Monday approved 11 new conditions for treatment with medical marijuana, including arthritis, autism, and chronic pain.
Shelly Edgerton, the director of the Department of Licensing and Regulatory Affairs approved the list after a review panel that included physicians and testimonies from people with conditions they wanted approved, the Detroit Free Press reported. The new list now includes 22 total medical conditions that can be treated by the use of medical marijuana, with a doctor’s recommendation.
Post-traumatic stress disorder, cancer, and glaucoma were all on the previous list of ailments. The new list now includes conditions such as inflammatory bowel disease, obsessive compulsive disorder, and Parkinson’s, which will all go into effect immediately.
Dr. David Crocker, the founder of Michigan Holistic Health, called the addition of autism to the list “wonderful news,” the Detroit News reported. Crocker explained that marijuana could help patients who are overstimulated to have “a meditative distance.”
According to Scott Badesch, president and CEO of the Autism Society of America, who spoke with the Press, patients should consult with a doctor before using medical marijuana for treatment. Badesch added, “But I have yet to hear from a parent who has said that it hasn’t been helpful for their children with autism to treat things like seizure reduction, anxiety and depression.”
But Edgerton also rejected 11 other medical conditions from the list. Anxiety, asthma, depression, schizophrenia, and panic attacks didn’t make the cut.
Michigan is one of 30 states where marijuana has been legalized for medical purposes. There are currently 289,205 medical marijuana card holders in the state, and voters will see a proposal to legalize marijuana for recreational use on the ballot this fall.
http://fortune.com/2018/07/11/michigan-medical-marijuana/
Hidden GEM! Surprised at the volume..
In June had many updates/PR with promising news / successful tests etc, we should see something big soon IMO
I wouldn't wait too long, Price is CHEAP! Easily going to .07 in a month or 2, IMO.
A week ago saw the BUY opportunity and called it out. Today 25%+ very happy with it..
Good Luck!
Agreed. They should consider it and hopefully will.
Canadian companies did very well when they had their investments in U.S, then when Sessions rescinded the memo they all took their investments out of US and spent $, lost $, time etc for all that effort and now going BACK to US.. once the NAFTA deal is worked out (hopefully) we will start to see nice gains again all over the sector again like in December. Trade war fears easing up now, DOW + S&P erased losses, had a big day today.. and U.S wants already started working on bills last week to Federally Decriminalize MJ (#Schumer)
Its a crazy game and only time will tell.. :)
GLTU!
Let's Hold Greeen for Close!
Canadian Cannabis Stocks Set to Surge in Fall
https://money.usnews.com/investing/stock-market-news/articles/2018-07-09/canadian-cannabis-stocks-set-to-surge-in-fall
Not so hot right now but time will tell IMO! Don't be Late!
Canadian Cannabis Stocks Set to Surge in Fall
https://money.usnews.com/investing/stock-market-news/articles/2018-07-09/canadian-cannabis-stocks-set-to-surge-in-fall
Not so hot right now but time will tell IMO! Don't be Late!
Canadian Cannabis Stocks Set to Surge in Fall
https://money.usnews.com/investing/stock-market-news/articles/2018-07-09/canadian-cannabis-stocks-set-to-surge-in-fall
Glad I Bought this morning at the bell! Lets GOO!
GLTA!
Glad I took that $5,500 off the table last week.. Saw this coming from a mile away while everyone was celebrating. Kept a little to see the action but she's turned sour quick as I expected.
GLTA! Will be back.