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Industry growing around marijuana edibles
http://www.reviewjournal.com/news/nation-and-world/industry-growing-around-marijuana-edibles
By LISA RATHKE
ASSOCIATED PRESS
MONTPELIER, Vt. — Move over, pot brownies.
The proliferation of marijuana edibles for both medical and recreational purposes is giving rise to a cottage industry of baked goods, candies, infused oils, cookbooks and classes that promises a slow burn as more states legalize the practice and awareness spreads about the best ways to deliver the drug.
Edibles and infused products such as snack bars, olive oils and tinctures popular with medical marijuana users have flourished into a gourmet market of chocolate truffles, whoopie pies and hard candies as Colorado and Washington legalized the recreational use of marijuana in the past year.
“You’re seeing a lot of these types of products like cannabis cookbooks,” said Erik Altieri, spokesman for the National Organization for the Reform of Marijuana Laws. “They’ve always been popular among a subset of marijuana, but with the fact that more and more people from the mainstream are able to consume, there’s a lot more interest.”
Many pot users turn to edibles because they don’t like to inhale or smell the smoke or just want variety. For many people who are sick or in pain, controlled doses of edibles or tinctures can deliver a longer-lasting therapeutic dose that doesn’t give them the high.
And there’s money to be made.
BlueKudu, in Denver, started producing marijuana chocolate bars for medicinal purposes three years ago. Since recreational use became legal this year in Colorado, owner Andrew Schrot said, the wholesale business has more than doubled its sales from several hundred chocolate bars sold a day through dispensaries to more than 1,000, at $9 to $17 a piece.
“There seems to be quite a bit of intrigue about the infused products from the general public and consumer, especially tourists,” Schrot said.
Cooking classes have sprung up. One in Denver — led by a chef who has turned out chocolate-covered bacon and Swedish meatballs with a marijuana-infused glaze — has grown so popular that it will be offered every week in August. It’s also part of a vacation package that provides pot tourists with a stay at a cannabis-friendly hotel (vaporizer and private smoke deck included), a visit to dispensaries and growing operations, and the cooking class.
Students are advised not to smoke before they come to class because there’s a lot to learn about the dosing and they will be sampling foods along the way.
“By the end of the class, everybody’s pretty stoned,” said founder J.J. Walker.
Mountain High Suckers in Denver sells lollipops and lozenges for medical marijuana users and plans to release treats for recreational users at the end of August. The company hopes they will take off.
“People are turning the corner and making lots of money in the rec department, and we expect to almost double the business in a year,” said Chad Tribble, co-owner of Mountain High Suckers in Denver.
High Times, a 40-year-old monthly magazine based in New York, has always featured a cooking column with a recipe. At least 40,000 people attended its Cannabis Cup in Denver in April, a sort of trade show that includes judging of marijuana edibles, said editor-in-chief Chris Simunek.
“Like everything else in marijuana at the moment, it’s sort of experiencing a renaissance where the more people get interested, the more experiments they do with it,” Simunek said.
The magazine said its “Official High Times Cannabis Cookbook” is the top-selling title of the five it offers.
It’s not just a hobby or business; there’s a science involved.
THC, marijuana’s psychoactive chemical, must be smoked or heated — as in cooked — to be activated. When ingested rather than inhaled, it provides a longer-lasting and often more intense feeling.
Users of pot edibles, such as cookies, are often advised to eat only a portion so they don’t get too high. Education about proper dosing has become a priority after at least one death and a handful of hospital visits were linked to consuming too much of an edible.
At the New England Grassroots Institute in Quincy, Mass., Mike and Melissa Fitzgerald conduct cooking classes on the use of marijuana as part of the daily diet.
“We really don’t do this to be high as a kite,” said Melissa Fitzgerald. “You really have to take people’s health seriously and have a purpose.”
The Washington state Liquor Control Board adopted rules to require recreational marijuana products to be labeled clearly as such; to be scored so a serving size is easy to distinguish; and to be approved by the board before sale.
In Vermont — one of 22 states that allow the use of medical marijuana, along with the District of Columbia — the Legislature this year passed a bill that allows more people to get medical marijuana and called for a study of financial effects if the state were to allow recreational use.
Bridget Conry, general manager of Champlain Valley Dispensary in Burlington, Vermont, and of Southern Vermont Wellness, another medical marijuana dispensary in Brattleboro, is already creating infused olive oils, tinctures and a gluten-free cracker. She expects soon to be making pestos and other infused foods, in manageable amounts that allow people to control dosing.
“We’ve always come from the perspective of like, who eats a quarter of a cookie?” Conry said. “We’re trying to make our things portion-specific, because you know you want to eat the whole cookie.”
Does TRTC bounce
or is it back to the 20's?
http://stockcharts.com/h-sc/ui?s=TRTC&p=D&yr=0&mn=9&dy=0&id=p22351542718
The only sense of relief I get from this slide is that, at least, all my TRTC shares are free shares.
Not no more.
http://stockcharts.com/h-sc/ui?s=MCIG&p=D&yr=1&mn=0&dy=0&id=p92856469630
200DMA is now coming into play at .385
Then from there who knows... back to the future.
Back to where I started from in MCIG in the low 30's?
I surely don't want to see .28-.32 again
especially since now that I am holding at .45
But that is around the range where I got into MCIG way back earlier in the year and made a nice gain.
Look likes it is trying to bounce off of .43
Wished I hadn't bought my shares back now.
Thought for sure it would bounce off .45/46
as it has for the past few months.
http://stockcharts.com/h-sc/ui?s=MCIG&p=D&yr=0&mn=6&dy=0&id=p29933613873
Seems like it is just becoming another mmj stock that has lost it mojo, as my other holding TRTC!.
This is truly a disappointment.
No mojo left for MCIG.
Can't even maintain a penny!
I hate to say it
but since we have been down this SOS road so many times before.
I hope ACTC does go back to into the 5's
so I can buy back those 50K shares I bought last time
we were down in the 5's and sold in the 8's.
Keep your core position, but buy and sell those traders seems to be the only way anyone is going to make any money in ACTC.
IVAN may well be burnt toast
but until the fat lady sings
there is still a small glimmer of hope.
IMO... The split will happen right after they have the official vote count to do so.
Why wait too long for the pps to drop after the vote.
Given history of RS pps falling back to pre RS pps
as IVAN has already shown us is true
One would think it would be a good idea to sell before the vote count.
As many here probably wished they had done before last IVAN RS.
With no good NEWS out of EC after RS..
Will history repeat itself????
GLTA
Two months without a peep from IDST.
Is this company for real?
Look like I may have another tax write off at the EOY!
.087 is too much.
This will go back to the price of those shares that have an exercise price of $0.08 per share that were sold back in January.
Then the company will have to issue more dilution shares, since it has been unable to land an income producing contract.
So, .08 may be even too high!
http://stockcharts.com/h-sc/ui?s=SGLB&p=W&yr=2&mn=3&dy=0&id=p53244137733
So, it is going to take about 20 more days to dump all these shares, given today's volume??
Are there any oilmen here?
Is this a good deal?
Item 1.01 Material Definitive Agreements and Item 2.03 Creation of a Direct Financial Obligation
On June 3, 2014, the Registrant (the “Company” or “JayHawk”) entered into Securities Purchase Agreements with an institutional investor and Lindsay E. Gorrill, an officer and director of the Company (each an “Investor” and together the “Investors”), wherein the Company agreed to sell and the Investors agreed to each purchase $200,000 of Secured Convertible Debentures (the “Debentures”). The Debentures are due sixty (60) months from the date of closing (the “Securities Purchase Agreement,” and “Debentures” collectively constitute the “Offering”). The Debentures are secured by a security agreement granting the Investors a security interest in and to all of the Company’s assets located in the State of Kansas. At closing, the Company will also enter into a Stock Pledge Agreement pledging to each Investor, as additional security, all of the Company’s right, title and interest in and to the capital stock of JayHawk Gas Transportion Corporation (a wholly owned subsidiary of the Company and the owner of the Company’s gas transmission pipeline in Kansas).
Additionally, each Investor will receive: 1) a Wastewater Disposal Fee; and 2) a Royalty Interest.
Wastewater Disposal Fee: the Company agrees to pay each Investor a per barrel fee (the “Disposal Fee”) for each barrel of wastewater, which emanates from the Company’s five (5) currently producing, as of the original issue date of the Debentures, oil wells located in North Dakota, which is disposed of in the Company’s proposed wastewater disposal well to be located in North Dakota (the “Disposal Well”). For a period commencing on the original issue date of the Debentures and continuing for five (5) years or until the Debenture is repaid by the Company, whichever is sooner, the Disposal Fee will be equal to one and no/100 dollars ($1.00) per barrel of wastewater disposed of in the Disposal Well. After year five and continuing until each respective Debenture repaid by the Company the Disposal Fee shall be equal to fifty cents ($.50) per barrel of wastewater, emanating from the Company’s 5 currently producing, as of the date the Debenture is issued, oil wells located in North Dakota, disposed of in the Disposal Well.
Royalty Interest: beginning on the original issue date of the Debentures and continuing thereafter so long as the Company owns the subject wells, the Company agrees to pay each Investor a one percent (1%) overriding royalty interest, calculated monthly, on all proceeds received by the Company from sales of crude oil produced from the Company’s five (5) currently, as of the date the Debentures are issued, producing oild wells located in North Dakota.
The Debentures are convertible at any time after the original issue date into a number of shares of the registrant’s common stock, determined by dividing the amount to be converted by a conversion price of $0.01 per share, or an aggregate of 40,000,000 shares.
Thanks for the reply.
I kind of thought the same thing about the 60m new shares at .01.
Since this a long shot anyway, that kind of par for the game.
However, it does show that JYHW does still have some life and they are trying to SURVIVE, which means there is still some hope for our investment.
Does anybody have a "layman" interpretation on this news and the two 8k released today.
Even though it is dilution, it must mean something good if they are willing to invest $600K into this company???
Is there really a potential for upward movement in our investment???
WTF.. is there bad news or what???
Another disappointing Day/Week!
TRTC had to go and ruin my day.
The games never end.
$2 a share..
Man, I almost be a millionaire!!!!
That gives me goosebumps just thinking about it.
http://stockcharts.com/h-sc/ui?s=SGLB&p=D&yr=0&mn=9&dy=0&id=p96981764367
As SGLB pps falls back to where it was last Oct
It is now about Opportunities Lost by holding.
Look like .10 is back in the picture as the summers drags on with no New revenues source.
Dang..
Just yesterday
I was so close to being green again!
I guess they are going to fill that Gap.
I am not worried.
All my shares are free shares!
So, unless TRTC goes to ZERO, it is all gains!!!!
Just amazing how fast the pps can drop.
Oh well..
Easy come Easy go
Hey, maybe I wanted to fool "them" into thinking that I would sell my shares at below $7 ONLY so they would lower the pps to try to get my shares. Then I could buy more shares at a lower PPS at their expense. Isn't that a neat trick!
I've been in this stock since $4's traded it on the way up and on the way down and made a decent return on almost every trade.
Rule # 1.. keep your Gains!
Well, you better be patient
this is a penny stock with over 550million shares
and it hasn't done anything this year
http://stockcharts.com/h-sc/ui?s=SGLB&p=D&yr=0&mn=11&dy=0&id=p03060742284
or since the 3D hype faded out.
SGLB may make it or it may not
but until it gets some revenue
it is going to lay right where it is.
Just as long as they keep it above $7
Otherwise my Sell finger begins to get antsy.
Want to keep my 20% gain on this last buy.
Is the game rigged?
I have an order for 8K shares at .0255
and there was another order for 40K at .0252
Now, they just filled an order for 150K shares at .0251.
This is what disturbs me about penny stocks!
Oh well, it IS a penny stock!
I am just trying to get back to 50K shares
only need 7K more, which really isn't much money at this price.
We know that we Guaranteed to end up with some Regrets soon enough about this stock. We will either Regret that we didn't buy more when it was cheap as it shoots up over a buck or we will Regret why did we buy more as it sinks back to the .01's again!
GLTA
I have been buying some below .025 (just wished I had bought twice as much when it was below .01 for all these years)
However, now it seems there is a big lot buy of 300K sitting at .025 for awhile now, so the pps has drifted below that level.
Lets just hope that this is the Sleeping Beauty that will awaken soon!
Can we ever get pass this 6.36?
Why 6.36???
However, it look like this news is making the round as the pps goes above $7
Wonder why this news hasn't made it out as a PR??
I don't see it anywhere, nor on their website????
And so much for that excitement!!!!
As we head back below 6!!!
Wow, this just keeps taking a beating
and just keeps on giving!
Approaching my stop limit
and man, I really hate to sell down here
but it just keeps wants to go DOWN lower
and the charts says it CAN!!!
http://stockcharts.com/h-sc/ui?s=ARIA&p=D&yr=0&mn=7&dy=0&id=p92157403860
Wow, hard to believe that they have this much fire power to drive the pps down to wipe out all these cover calls!
6.0 Call 5,429
6.5 Call 478
7.0 Call 11,491
Options are tomorrow
6.0 Call 5,429
6.5 Call 478
7.0 Call 11,491
I doubt they can get it under $6
but they probably can keep it below or near $6.50
So we will probably be at 6.50 tomorrow as we are right now!
Is there noway out of this 660's trading range?
After 10 year
the end is getting near
and we can put this misery to rest!