Marin hospital could be First in State to allow Medical Marijuana Regulation

If Dr. Larry Bedard has his way, Marin General Hospital would become the first acute-care medical Marijuana Regulation center in California to allow patients to openly consume medical marijuana in the hospital. Marin General Hospital near San Francisco Patients wouldn’t be allowed to smoke it, since smoking is prohibited. But Bedard, a retired emergency physician at Marin General who now serves on the Marin Healthcare District board, says he knows of no other legally prescribed drug that cannot openly be used by patients in a hospital.

Dr, Larry Bedard outside Marin General Hospital Greenbrae, CA “I know that it happens that it’s being used in the hospital, but it’s ‘don’t ask, don’t tell,’” Bedard said. “It’s kind of wink-and-nod medicine.”

The doctor is taking steps toward bringing it out into the open by introducing a resolution at Tuesday’s board meeting for Marin Healthcare District, which governs Marin General. The resolution, if approved, would direct the hospital’s administrative and medical staff to review and research the clinical and legal implications of using medical marijuana in the hospital and report back to the board.

Bedard initially planned to introduce a resolution to allow patient use in the hospital but Marijuana Regulation stepped back from that last month after the Drug Enforcement Agency declined to remove marijuana from its list of dangerous drugs, keeping it in the same category as such drugs as heroin and LSD.

A 2015 federal budget amendment protects patients, doctors and hospitals from prosecution if they’re complying with state cannabis laws. California legalized medical marijuana in 1996. But Bedard opted to slow down in light of the DEA decision and potential concerns by the hospital’s administration over jeopardizing its federal Medicare and Medi-Cal contracts.

The real changes to the medical marijuana industry won’t happen until Jan. 1, 2018, when the main provisions of the state Medical Marijuana Regulation and Safety Act, the package of laws that will regulate Marijuana Regulation virtually every aspect of the cannabis industry, go into effect. Gov.

Jerry Brown signed the long-awaited legislation into law in October in anticipation of the potential legalization of recreational marijuana use. Proposition 64, which would allow adults over the age of 21 to legally use the drug for nonmedical purposes, is on the Nov. 8 ballot. Click here to continue reading the published article.

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Ohio Becomes 25th Medical Cannabis State

COLUMBUS, Ohio — Ohio’s new medical cannabis law officially went into effect on Thursday, September 8th, making Ohio the 25th state to establish legal access to whole-plant medical cannabis, with some caveats.

Beginning today, Ohioans with qualifying medical conditions will be eligible for legal protection for possession of a 90-day supply of medical cannabis. Patients with qualifying medical conditions will receive limited legal protections from laws prohibiting cannabis possession, as several state agencies formally begin the process of establishing a regulated system of medical cannabis production and distribution. Currently, while medical cannabis patients in Ohio have nowhere to legally obtain their medicine, and won’t for potentially two years, they do have an affirmative defense against cannabis possession charges, if they have a written statement from their physician that shows:

  • the patient has a condition listed in Ohio’s medical cannabis law;
  • the patient and doctor have an ongoing physician-patient relationship;
  • the patient has been informed of the risks and benefits of medical cannabis, and the doctor indicated that the benefits outweigh the risks; and
  • the doctor has obtained a report from Ohio’s drug database showing other drugs prescribed to the patients over the past 12 months.

“This is a major milestone in establishing a system that will help countless Ohioans who are suffering from serious illnesses,” said Aaron Marshall, the spokesperson for Ohioans for Medical Marijuana, the group behind a proposed ballot initiative that inspired legislators to adopt House Bill 523. “It is one of the first steps on a long road to developing a well-regulated system. The real work of crafting the specific rules and regulations still lies ahead.” Marshall went on to add that, “We are closely monitoring the development of Ohio’s medical cannabis system to ensure it will be a robust and transparent program,” and that their “goal is to ensure that this effective medicine is available and affordable for seriously ill patients who desperately need it.”

“A lot of patients have already begun to talk with their doctors about medical marijuana, and that will continue as the program rolls out,” Marshall said. “Right now, it is critical that the state medical board and the state pharmacy board provide clear guidance for physicians and their patients. Doctors need to know how they can serve those they assist, and need to understand the limits of the law. We hope that guidance will be available without delay,” he noted.

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CBD Weekly Cannabis News Picks: August

Introducing CBD Weekly Cannabis News Picks – Every Thursday Cannabis news articles from the week, handpicked by the CBD Business Blog Editor, to keep you informed on cannabis and cannabidiol (CBD) industry news that is important to you.

CBD News Pick – Weak, Narrow CBD Bill Introduced by Anti-Cannabis Senators

CBD News Pick – A bipartisan medical cannabis proposal was introduced in the U.S. Senate on Friday, but it left many in the cannabis community confused and befuddled. The Cannabidiol Research Expansion Act (S.3269) was introduced by four members of the Senate Judiciary Committee, including at least one notoriously anti-cannabis politician, Sen. Chuck Grassley (R-Iowa).  Click for more →


CBD News Pick – Medical marijuana company Creso Pharma to list on ASX

CBD News Pick –  Australian investors will soon be able to invest in the latest medical marijuana company set to list on the Australian stock exchange.
Creso Pharma seeks to leverage science and research into medicinal marijuana to develop CBD rich therapeutic products aimed at restoring and maintaining homeostasis for overall health and functioning of all bodily physiological processes in humans and animals. Click for more → | Related Video below:


CBD News Pick – Clearing up misconceptions about marijuana rescheduling

CBD News Pick – A Brookings Institute Report – What it means for existing state systems: As marijuana rescheduling has gained traction in Congress and DEA has announced it will rule on a rescheduling this summer, a common concern has emerged in the cannabis reform community and among industry actors.  It goes something like this: “If marijuana is moved to Schedule II, the Feds will shut down our state’s legal system.” | Click for more →


CBD News Pick – New study proofs, Marijuana can treat Epilepsy in Children

CBD News Pick – Shreveport Technology Time: Parents of children with severe epilepsy have reported incredible recoveries when their children were given cannabidiol, a derivative of marijuana. The drug, a non-psychoactive compound that occurs naturally in cannabis, has been marketed with epithets like Charlotte’s Web and Haleigh’s Hope. | Click for more →


CBD News Pick – Time to remove marijuana from the Controlled Substances Act

remove from csaCBD News Pick – A recent memorandum by representatives of the U.S. Drug Enforcement Administration (DEA) to several U.S. senators indicates that the agency is prepared to respond imminently to a pair of administration petitions challenging marijuana’s status as a Schedule I federally prohibited substance. | Click for more →


CBD News Pick – Hemp Health Inc. Names Dr. Tamara Hebbler Chief Veterinarian

cod for dogsCBD News Pick –  Hemp Health Inc., maker of hemp cannabidiol (CBD) products, announced that Dr. Tamara Hebbler has joined the company as Chief Veterinarian. Dr. Hebbler will work on product development and offer free CBD consultations to pet owners and veterinarians. She will join founders Katarina Maloney and Janell Thompson for a panel and product launch at the Southern California Cannabis Conference and Expo (SocalCC Expo)August 6-7, 2016. | Click for more →


Cannabis News Pick – Why Florida’s Medical Marijuana System Is Ripe for Corporate Takeover:

florida medical cannabisCBD News Pick – In June 2014, the disgraced former CEO of Hospital Corporation of America (HCA) signed Florida’s medical marijuana bill into law. It was a fitting beginning to a regulatory process that has been marred by shadowy fraud in the selection of lucrative vertically integrated licenses in what could become one of the largest medical marijuana markets in the country.
The state appears poised to double down upon the fraud, and in keeping with Governor Rick Scott’s legacy of putting healthcare profits before people, some of the new law’s provisions could shield corporate revenues at the expense of fragile patients.| Click for more →


CBD News Pick – The PTSD marijuana study is now recruiting veteran volunteers

PTSD Military VetCBD News Pick –  Researchers in Maryland and Arizona are looking for veteran volunteers to smoke up to two joints’ worth of marijuana a day in a new study designed to find out if pot helps relieve symptoms of post-traumatic stress disorder. The ideal candidate, Sisley says, will have a disability rating from the Department of Veterans Affairs for combat-related PTSD but otherwise be generally healthy and have no other major medical issues. Those with traumatic brain injuries, however, will be eligible to participate.

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Why I Am Cannabis – A Video Arts Project

I want to tell you about a really cool Crowdsourced Video Art Project kicking off now. It’s called why i am cannabis, and it’s a campaign to collect video selfies from cannabis users around the world, edit them together and stream them online. The goal of the project is to give voice to the amazing benefits of cannabis (medical, recreational, creative, etc.) and to shine a light on the human costs of criminalization and socially stigmatizing its use.

Erik Muenker DC why i am cannabis, is a project that is very dear to me, for I credit cannabis for saving my life after I was involved in a serious auto accident. As a sworn police officer at the time, I was injured in the line of duty when a drunk driver ran a red light and broadsided my patrol car while traveling more than 55 mph. I broke my neck in the accident, suffering a Hangman’s fracture – as serious an injury as it sounds. During my recovery over the years that followed, I was offered and tried almost every pain killer, anti-inflammatory drug, and anti-spasm drug on the market. Not to mention the medications I took to counteract the side effects of the aforementioned medications.

Why I Am Cannabis – A Video Arts Project

Opioids for pain control Ultimately, it was suggested I use opioids (strong narcotics), to cope with the pain and side effects from my automobile accident. When I stopped tolerating the pills, I was provided skin (transdermal) patches to wear 24 hours a day. Along with the prescription came the warning that the dose would likely need to be increased over time, as its effectiveness wears off, and that addiction was inevitable. I was reluctant, but in a great deal of pain and my doctor said we were out of other options. Fortunately, I really disliked the effects of these narcotics and I decided to look elsewhere for relief. “I decided to give cannabis a try. That decision changed my life.” The cannabis I started taking was not only a substitute for the narcotics, but it also worked better controlling my headaches, spinal pain and muscle spasms – all with very manageable side-effects.

The cannabidiol in Marijuana has clinically proven neuroprotective and anti-inflammatory properties and it actually appears to be the perfect protective agent to prescribe after a serious auto accident where a concussion and brain trauma is suspected. Your Brain on Cannabis     Don’t believe me? Check out my article on the effects of cannabis on your brain, complete with clinical references: “Cannabidiol: Good for You and Your Brain?“.   Sadie’s Story Sadie’s story is a beautifully moving story about how cannabis can dramatically change the lives of entire families. Please take a few minutes of your time and watch the story below, courtesy of CannaEffect.

This is why cannabis is so important to me. This is, why i am cannabis – erik muenker I want to hear YOUR story. The world wants to hear YOUR story, and I want to help bring those stories to you with this new campaign. In order to get the word out, collect and stream these videos, I’m going to need to raise some money. $25,000 to be exact. To make this happen, I have launched two funding sites and designed a really cool $24 t-shirt to sell during the campaign:

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Fentanyl Maker Donates to Campaign Opposing Pot Legalization

Supporters of an Arizona campaign to legalize marijuana say opponents should return a donation from a drug company that produces fentanyl, a powerful painkiller known for killing illegal drug users. | Featured Image

An embattled pharmaceutical company that sells the powerful painkiller fentanyl has donated $500,000 toward defeating a ballot initiative that would make recreational use of marijuana legal under Arizona law.

It’s hard to imagine a more sinister donor than Insys Therapeutics Inc. in the eyes of pot legalization proponents, who long have claimed drug companies want to keep cannabis illegal to corner the market for drugs, some addictive and dangerous, that relieve pain and other symptoms.

Insys currently markets just one product, according to an August filing with the Securities and Exchange Commission: a sublingual fentanyl spray it calls Subsys.

Two former company employees pleaded not guilty last month to federal charges related to an alleged kickback scheme to get doctors to prescribe Subsys.

Illinois Attorney General Lisa Madigan filed a lawsuit late last month against the company alleging Insys hawked the drug to doctors for off-label prescribing, saying the company’s “desire for increased profits led it to disregard patients’ health and push addictive opioids for non-FDA approved purposes.”

Fentanyl is a synthetic opioid significantly more potent than heroin that can cause overdoses, especially when it’s used to cut the supply of illegally sourced drugs. The musician Prince died from an accidental fentanyl overdose in April.

Insys made its large contribution to the anti-legalization campaign group Arizonans for Responsible Drug Policy on Aug. 31, according to information posted online by the Arizona secretary of state’s office.

Arizonans for Responsible Drug Policy campaign manager Adam Deguire tells U.S. News that legalization foes will not return the donation. In a statement he expressed gratitude and stressed that Insys is based in Arizona, unlike the Marijuana Policy Project, which has contributed substantially toward passing the initiative.

A voicemail requesting comment from Insys was not immediately returned…

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Marijuana Shop: Young Veterans Find Purpose as Cannabis Watchmen in Colorado

In Colorado, a curious marriage has formed between the booming retail cannabis industry — legal in the state since 2014, but not in the eyes of the federal government — and young war veterans, more than 200 of whom have jobs protecting marijuana businesses across the state. DENVER — It’s nighttime at the Herbal Cure, a south Denver marijuana shop and grow house tucked into a parking lot beside the highway. Inside is a marijuana bounty: thousands of dollars’ worth of cannabis plants, boxes of marijuana-infused chocolate, jars of $360-an-ounce weed with names like Frankenberry, Lemon Skunk and Purple Cheddar.

Chris Bowyer, a lanky combat veteran turned cannabis security guard, is outside. He has a .40-caliber pistol on his hip and a few extra magazines stored away, and he is talking about his work on the battlefield. Not the one in Iraq — the one in Colorado, where criminals seeking to breach marijuana businesses face veterans trying to stop them.

“This is my therapy,” Bowyer said, heading for a place where burglars broke in recently. He checked a fence for signs of a new incursion, then headed to an office to note the night’s activities in a rigorously organized logbook. “This is what we did in the military.”

In Colorado, a curious marriage has formed between the booming retail cannabis industry — legal in the state since 2014, but not in the eyes of the federal government — and young war veterans, more than 200 of whom have taken jobs protecting marijuana businesses across the state. They spend their days and nights in urban marijuana shop and suburban warehouses and on rural farms, warding off the burglars who have become hallmarks of this cash-heavy, high-value business.

For some, a cannabis security job is a way station toward the police department or law school. For others, it is a vocation with purpose, a union of two outsider groups leaning on each other in a nation uncertain about how to accept them. “It’s almost a kindred spirit kind of thing,” said Bowyer, 30, sitting in an office with a computer, a bulletproof vest and a booklet detailing marijuana products marketed under the name Jimi Hendrix.

Marijuana growers and sellers “recognize that there is another group of guys who have their own talents,” he said, “and that we are here for them.” The owners of Colorado’s 978 marijuana shop licenses and 1,393 marijuana grow licenses are particularly vulnerable. Because the federal government considers marijuana illegal, many banks won’t work with cannabis businesses, forcing them to deal in mountains of cash.

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Signal Bay Inc (OTCMKTS:SGBY) Is Today’s Cannabis Focus

Signal Bay Inc (OTCMKTS:SGBY) is one of the biggest winners for penny stock investors this year. Shares have made an epic run from triple zeroes to $.03 a share in just two and a half months time. This comes as the company is embarking on a major expansion and experiencing strong revenue growth. As we take a closer look, could the bull run in SGBY just be getting started? First up, a little background on Signal Bay.

Signal Bay Inc, through its subsidiaries Signal Bay Research, Signal Bay Services and EVIO Labs, provides advisory services, operational management and analytical testing services to the legal cannabis industry. Signal Bay operates state-of-the-art testing facilities and offers reliable testing methodologies that ensure the safety and potency of the nation’s cannabis supply. The company is lead by CEO William Waldrop and President Lori Glauser. Waldrop is an expert in state marijuana regulations and has worked with Electrum Partners in the management and preparation of state license applications for Nevada Medical Marijuana Establishments. Glauser previously consulted for Electrum Partners as well.

The move higher got started in July after Signal Bay announced that the company had exceeded 700 total business accounts. According to CEO William Waldrop, “The last few months have been a whirlwind of activity. Recently, we surpassed the 700 account milestone and due to an increase in additional services being requested, our average annual revenue per account has jumped considerably. A cursory review suggests that we should average well over one thousand dollars per account on an annual basis.” This puts the company on a $700k revenue run rate based just on its existing customer base.

Signal Bay has been refining its procedures and protocols with any eye toward expansion. The company has been able to streamline its business operations, which allows for scalability. The goal is “turn-key” labs that can be up and running quickly as new markets come online as a result of new marijuana legislation. Another advantage for Signal Bay is that the company offers reliable and trusted testing and consulting services that have become a requirement in the cannabis industry. Signal Bay provides a quick turnaround time that is critical for its customers.

Combine that with accurate, detailed results and Signal Bay has quickly become one of the “go-to” options in the cannabis industry. The first step for Signal Bay in this regard is an aggressive push into the Portland, Oregon market. This is a natural progression for the company since its based in nearby Bend, Oregon. As part of the company’s push into Portland, the company intends to purchase its fifth cannabis testing laboratory located in Portland, Oregon. Signal Bay also hired Ronnie Schmidt, a former General Manager for multiple Portland area dispensaries as a Sales & Marketing Director.

CEO William Waldrop said: “Today we ramped up our plans for growth by signing a letter of intent to purchase an already existing testing facility in Portland.vWith this one strategic move, the 90-120 day window we had in place for opening a facility in this market has virtually been eliminated. This acquisition also adds hundreds of already existing accounts to the Signal Bay portfolio. Add Ronnie Schmidt to the mix and all of this combined has us convinced that we are going to capture significant market share in Portland and the surrounding communities.

He brings a wealth of experience to the table and a vast network of business contacts in the Portland market. In conjunction with that strategic hire, we had planned to process any and all accounts established by Ronnie through our existing facilities until such time that we could open the doors on an entirely new location in Portland. As of today, that plan has changed significantly for the better.”

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4 NW Cannabis Company to Watch in 2020

HiFi Farms

HiFi Farms is a really terrific craft cannabis company located in Oregon, and run by CEO Sara Batterby. Sara has established herself as a local community leader thru her work with the Portland Women Grow chapter. Under Sara’s leadership, Hifi Farms has secured a joint venture with none other than the Meriwether Group – the same firm that took Dave’s Killer Bread from a local farmer’s market stand to a company worth more than $250 million! Meriwether knows how to spot a winner and thinks the Hifi brand could be worth more than $100M.

 

Hifi Farms has a solid product – craft cannabis grown sustainably in Oregon, to strict Clean Green Certified standards. What does Clean Green Certified mean? Well for starters, it means that their craft cannabis is cultivated using organic practices certified by a nationally-recognized third party guarantor. Hifi Farms can’t label its product organic, since the federal government still does not recognize cannabis as a legitimate organic crop. However, Clean Green Certified is the next best thing and guarantees that HiFi Farms cannabis is free from synthetic pesticides, fungicides and mold. HiFi Farms is also committed to sustainability, quality and community engagement – not to mention killer parties with live music and really good people.

 

Golden Leaf Holdings

A big player in the production and distribution of cannabis flower and oils in North America, is Golden Leaf Holdings headquartered in Toronto, Canada with grow and retail operations in both Washington and Oregon. Golden Leaf Holdings is traded on the Canadian Stock Exchange (GLH), so you know their financials are in order.

GoldenXtr, GLH’s flagship brand of 100% pure cannabis oil is obtained using CO2 extraction techniques and sold within artisanal edibles or as smokeless vape cartridges that work with most third party vape pens. Proper is GLH’s brand of premium BHO (butane-extracted hash oil) shatter. Shatter is essentially super concentrated hash oil that will make your eyes flutter when inhaled. It’s strong and not for the faint-of-heart; but all the rage with the younger cannabis enthusiasts.

Privateer Holdings

A Seattle-based private equity firm founded in 2010 by Brendan Kennedy, Michael Blue, and Christian Groh – three cannabis entrepreneurs with a background in venture capital and investment banking.
The firm started off with a bang, by acquiring Leafly in 2011 – a popular cannabis information and strain review mobile app. I use the app regularly myself and see a bright future ahead for the company.

By 2013, Privateer had landed $7M in first-round funding and soon after opened Tilray – a $26M research and production facility federally-licensed to produce commercial cannabis, with a team of more than 100 industry experts. Tilray’s focus on amassing industry expertise while utilizing precise grow techniques to facilitate scientific research into cannabis plant strains and their cannabinoid profiles could be the winning formula to uncompromising innovation and success in the industry. What’s the latest with Tilray? They have just become the first company to export medical marijuana from North America to Europe (CBS News Story link).

By 2015, Privateer had already acquired an additional $75M in round-two funding! Wait a second, let me take a moment to let that sink in. That’s a 10x fold increase from round-one funding that ended only two years prior! These guys have something special up their sleeve. In February of the following year, Privateer launched
Marley Natural – a premium cannabis product line that includes flower, body care infused Hemp Oil and smoke accessories.

New Vansterdam

New Vansterdam markets are the most successful retailers of recreational cannabis markets in Washington state (as of May 2015 – Link to source). In their first year of sales, New Vansterdam markets sold more than $8.5M worth of product! Now that’s a lot of flower! All this success is built upon a solid reputation of product quality, commitment to community engagement, educating consumers and authentic and ethical business practices.

I can’t wait to see what is coming next for these NW innovators! Keep an eye on them and on this blog, for the latest industry news and insights.

Worth a mention – GW Pharma

Not a Northwest cannabis company, and not one I would personally invest in for ideological reasons – GW Pharma is still worth a brief mention.

GW Pharma is a UK-based biopharmaceutical company, that has recently received impressive results with a series of FDA clinical trials on their cannabis extract based medicine called Epidiolex. For more information on this company, their new drug and their anti-medical cannabis company stance – please read my blog post entitled – “FDA Trial of Marijuana Drug Epidiolex – On Track for Approval?

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CBD News Picks – Late Breaking Cannabis News: Marijuana Businesses

Eight Cannabis news articles, picked by CBD Business Blog, to keep you informed today. 133475-eightCBD News Pick – CA Counts Town Hall: The pros and cons of legalizing recreational marijuana: OAKLAND, CA – JUNE 22: A marijuana plant is displayed during the 2016 Cannabis Business Summit & Expo on June 22, 2016 in Oakland, California. Policy makers and innovators gathered for the three-day long Cannabis Business Summit & Expo. – http://www.scpr.org/events/2016/08/16/2062/ca-counts-town-hall-the-pros-and-cons-of-legalizin/ CBD News Pick – Marijuana tax for the homeless: Los Angeles voters get to decide:

p136LOS ANGELES — A November ballot measure will allow Los Angeles County voters to decide whether to tax marijuana businesses to help pay for housing and health service for the homeless. Proposition 64: First came Amendment 64, now California will vote on Prop. 64 – http://www.thecannabist.co/2016/07/19/marijuana-tax-los-angeles-homeless/58202/

CBD News Pick – Brace yourselves: Large-scale commercial grows are coming to California’s Emerald Triangle: EUREKA, Calif. — This summer, Humboldt County has shown that its commercial medical marijuana market is ready to open to operations large and small if they can play by the rules. – Tags: business, ca – http://www.thecannabist.co/2016/07/19/humbolt-county-marijuana-grows/58678/

Marijuana-TaxesCBD News Pick – CannRx Technology Announces Jeffrey Friedland Joins as a Director: NEW YORK–(BUSINESS WIRE)–CannRx Technology, Inc. – a privately-held Delaware corporation developing pharmaceutical-grade products from cannabis, announced today that Jeffrey Friedland, noted author, speaker, and opinion leader in the cannabis industry, has joined the Company’s Board of Directors. – http://www.businesswire.com/news/home/20160719005657/en/CannRx-Technology-Announces-Jeffrey-Friedland-Joins-Director

CBD News Pick – How pot businesses are getting smoked by high taxes: The legalized marijuana industry may generate better revenue per square foot than some traditional retailers. Profits, though, are another story. Operators in the $7. –http://goo.gl/t6vUAu

CBD News Pick – Lawmakers: Decriminalizing marijuana could be good for Texas business: Texans who are arrested for possessing small amounts of marijuana shouldn’t be locked out of jobs and haunted by minor lapses in judgment for the rest of their lives, business and legislative leaders say. – http://goo.gl/IeM1G9

CBD News Pick – Bend pot businesses wait for licenses: The Oregon Liquor Control Commission had issued 132 licenses to recreational marijuana businesses as of Thursday, none, so far, in Bend. –http://goo.gl/upy9ai

CBD News Pick – CA Counts Town Hall: The pros and cons of legalizing recreational marijuana: OAKLAND, CA – JUNE 22: A marijuana plant is displayed during the 2016 Cannabis Business Summit & Expo on June 22, 2016 in Oakland, California. Policy makers and innovators gathered for the three-day long Cannabis Business Summit & Expo. –http://goo.gl/Dbqrgp

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