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General Cannabis, Inc. makes huge moves in Medical Marijuana Industry

By | Batch Tracking Application, General Medical Marijuana Information, Medical Marijuana Application, Medical Marijuana Law, Medical Marijuana Technology, News | No Comments

General Cannabis, Inc. (OTCBB:CANA.ob – News), (OTCQX: CANA) of California, a technology-based Internet marketing services company, is making huge moves in the medical marijuana industry. Recent activities include the acquisition of WeedMaps (December 2011) and MMJMenu (November 2011). WeedMaps can be described as the yelp of medical marijuana dispensaries and MMJMenu is one of the most trafficked medical marijuana websites that offer point of sale and supply chain management software in the United States. WeedMaps had just acquired the domain name marijuana.com in late November 2011 and the Android Application WeedLaws in early December 2011. “WeedMaps’ continuing growth validates our ability to generate significant revenue through Internet portals that serve niche markets, even as the current economy and overall market conditions remain volatile,” said Doug Francis, President of General Cannabis. “Clearly, our many offerings, including smartphone applications, offer winning solutions for those in the medical cannabis community. As a result of our successes, we strongly believe that we can leverage our technological platform and systems into other industry sectors.”

It is no secret that General Cannabis is experiencing record setting revenues with third quarter earnings published at $4.1 million, a year-over-year increase of 106%, compared with $2.0 million for the third quarter of 2010, and an increase to $10.4 million for the nine months ending September 30, 2011, an increase of 87%, from $5.5 million for nine months ended September 30, 2010.

About General Cannabis

General Cannabis, Inc., a technology-based Internet marketing services company, offers customers an integrated suite of services including media, technology, marketing and information. Founded in 2010, General Cannabis is headquartered in Newport Beach, California. The Company’s common stock trades on the OTC market’s highest tier, OTCQX, under the ticker symbol “CANA.” www.GeneralCannabis.com

WeedMaps aquires MMJMenu

By | General Medical Marijuana Information, Grow Information, Marijuana Cultivation, Medical Marijuana Application, Medical Marijuana Technology, News | No Comments

Wednesday, December 28th, 2011 by Erick Schonfeld

In the small but budding legal medical marijuana industry, WeedMaps has the munchies for acquisitions (sorry, I couldn’t resist). Fresh off its $4.2 million Marijuana.com bong hit in November, WeedMaps’ parent company, Canada’s General Cannabis, announced today its acquisition MMJMenu.

Terms were not disclosed. It was an asset-sale, though, so it probably wasn’t much. General Cannabis, which is publicly traded over the counter in Canada (OTCBB: CANA), (OTCQX: CANA), reported $10.4 million in revenues for the first nine months of 2011, and it only had $1.4 million in cash. WeedMaps accounts for 82 percent of its revenues.

MMJMenu provides back-end enterprise software for medical marijuana dispensaries. The software handles everything from patient management to inventory control to checkout at point of sale. Medical marijuana dispensaries are highly regulated. Emblazoned on MMJMenu’s homepage is its key selling point:

mmjmenu is the best choice for medical marijuana business owners that want to stay compliant with state laws & regulations.

WeedMaps is the “Yelp for medical marijuana dispensaries.” Now it will be able to offer these businesses enterprise software as well as advertising services. MMJMenu claims “hundreds” of medical marijuana business customers “in California, Colorado, Michigan, Montana, Washington as well as in Canada.”

Colorado becomes the Fourth State to ask the U.S. Drug Enforcement Administration to Reclassify Marijuana

By | Colorado Medical Marijuana Law, General Medical Marijuana Information, Medical Marijuana Law, News | No Comments

January 1, 2012 By Matt Smith, CNN

(CNN) — Medical marijuana advocates are hoping state governments can succeed where their efforts have failed by asking federal authorities to reclassify pot as a drug with medical use.

Shortly before Christmas, Colorado became the fourth state to ask the U.S. Drug Enforcement Administration to reclassify marijuana as a narcotic in the same league as heavyweight painkillers including oxycodone. The governors of Washington and Rhode Island filed a formal petition with the agency in November, and Vermont signed onto that request shortly afterward.

All four are among the sixteen states and the District of Columbia that have laws on the books that allow the medical use of marijuana, even though the drug remains illegal under federal law. Meanwhile, federal authorities have asserted their power by raiding dispensaries in states including California and Washington.

Supporters say the public is on their side, and the state requests show the feds are increasingly isolated on the issue. But they acknowledge it’s still an uphill battle.

“I don’t think that we’re going to see to much change in Washington’s position on this until public opinion and state-level support reaches a little bit higher a tipping point,” said Morgan Fox, a spokesman for the D.C.-based Marijuana Policy Project.

The DEA said it would “reply accordingly,” but noted that similar petitions had been rejected before. DEA spokeswoman Barbara Carreno told CNN that the agency gives “great respect” to state governments, but their requests would get “the same attention as a petition from a medical group or anything else.”

Marijuana is listed as a Schedule I drug by the DEA, meaning it’s dangerous and has no medical use. Medical marijuana advocates, including the states that have petitioned the agency, say it should be listed under Schedule II, comparing it to other prescription painkillers that have a high potential for abuse.

In 2006, the U.S. Food and Drug Administration restated its opposition to medical marijuana, saying “no sound scientific studies” support its use. State laws authorizing it “are inconsistent with efforts to ensure that medications undergo the rigorous scientific scrutiny of the FDA approval process,” it added.

But in their November petition, Washington Gov. Christine Gregoire and Rhode Island’s Lincoln Chafee argued that “the vast majority of modern research” has found marijuana useful for treating patients with glaucoma, for relieving the nausea suffered by cancer patients in chemotherapy and for relieving symptoms of degenerative nerve diseases.

They cite a 2001 study by the National Academy of Sciences that recommended research into the “potential therapeutic value” of cannabis, though it warned that smoking pot was a “crude” method “that also delivers harmful substances.”

“Since the last FDA review in 2006, the scientific process has identified and clarified even more of the therapeutic effects of cannabis through ongoing research and assessment of available data,” wrote Gregoire, a Democrat, and Chafee, a former Republican-turned-independent. “This petition presents this further evidence. It is now time for the DEA to reschedule the substance.”

The Obama administration says it is willing to support research, but has taken a stiff position against medical marijuana. In October, in response to online petitions, White House drug czar Gil Kerlikowske said marijuana “is not a benign drug.”

Medical marijuana group sues Obama administration

“Like many, we are interested in the potential marijuana may have in providing relief to individuals diagnosed with certain serious illnesses. That is why we ardently support ongoing research into determining what components of the marijuana plant can be used as medicine,” Kerlikowske wrote. “To date, however, neither the FDA nor the Institute of Medicine have found smoked marijuana to meet the modern standard for safe or effective medicine for any condition.”

Carreno said petitions to reschedule a drug take years to review. The DEA does its own analysis, then refers the requests to the FDA and the Department of Health and Human Services, which review their own research.

“Then they send recommendations back to us, and based on the recommendation we get, we make a decision,” she said.

Critics call medical marijuana a “Trojan horse” for legalizing the drug entirely, and federal authorities mounted a string of high-profile raids in California, Washington and Montana in 2011.

The Justice Department says it isn’t targeting patients who are in “clear and unambiguous compliance” with state laws. In October’s raids in California, prosecutors said they were targeting organizations that had become large-scale commercial traffickers, operating beyond the limits of state law.

In their petition, Gregoire and Chafee said rescheduling was needed because states can’t make rules governing medical marijuana “without putting their employees at risk of violating federal law.”

“From a patient perspective, there’s a lot of things up in the air,” Gregoire spokesman Cory Curtis told CNN. He said the state hopes “to give them clarity and peace of mind, both in the environment in which they get it and the prescription and dose they get.”

A round of federal raids targeted dispensaries in the Seattle area in November, but agents were targeting “folks who were distributing without a medical purpose,” Curtis said.

Washington allows patients to grow their own marijuana and keep a 60-day supply, which it defines as up to 24 ounces. Patients and designated health-care providers can keep “collective gardens.”

Rhode Island allows patients to grow up to 12 plants and possess up to 2.5 ounces of pot for their own use, as long as a doctor has certified that it may alleviate symptoms and the potential risks don’t outweigh the benefits. It also allows “compassion centers” to cultivate and dispense marijuana, as long as it stays within those limits for each patient.

In Colorado, legislation passed in 2010 allows state regulators to keep a tight rein on dispensaries and required them to request reclassification from the DEA.

“As long as there is a divergence in state and federal law, there is a lack of certainty necessary to provide safe access for patients with serious medical conditions,” Barbara Brohl, the executive director of Colorado’s Department of Revenue, wrote in a December 22 letter to DEA Administrator Michele Leonhart.

Since the law went into effect, more than 700 people have applied for licenses to sell medical marijuana, said Mark Couch, a spokesman for Brohl’s office. The state collected about $5 million in sales taxes in the last fiscal year, which ended in June — a tiny fraction of the state’s $8 billion general fund, he said.

Fox said the state’s requests to reclassify the drug “could and certainly should” give the states some breathing room, “but I really don’t think it will.”

“I think that it’s not going to provide any real tangible benefits immediately,” he said. But it if succeeds, “It will definitely bring the federal government more in line with currently accepted science.”

In the meantime, “There’s no reason for the federal government to be wasting resources going after medical marijuana providers,” he said.

The Current Colorado Medical Marijuana Landscape looks Bleak

By | Colorado Medical Marijuana Law, General Medical Marijuana Information, Medical Marijuana Law, News | No Comments

The Colorado medical marijuana patient population was down 25% in September, 44% in October, and expected to lower further in November. Many medical marijuana centers are starting to consider closing shop due to lose of revenue. The Colorado attorney general has waged war against medical marijuana and recently made a statement that he found the case that he thinks will deconstruct the industry through case law, this issue is now in the Supreme Court and they are deciding whether to review it or not. Eric Holder will not commit to his earlier statements to leave compliant medical marijuana businesses in states with medical marijuana laws alone. One media outlet reported yesterday that the Feds are going to issue cease and desist letters to medical marijuana centers within 1000 ft. of schools – demanding 45 day closure.  This is the first case of federal intervention in what has historically been a state privilege to regulate.

CNBC Marijuana USA

By | Colorado Medical Marijuana Law, General Medical Marijuana Information, Marijuana Cultivation, Medical Marijuana Law, News | One Comment

Source CNBC

ABOUT THE SHOW

More states are permitting the use of marijuana for medicinal purposes and the Obama administration has signaled relaxed enforcement of the industry in those states. Now, a new generation of marijuana entrepreneurs has emerged across America. They come from the unlikely fields of finance, politics, medicine and law, and they want to claim a stake in this modern day gold rush.

CNBC’s “Marijuana USA” goes inside a flourishing medical pot industry. In Colorado, the demon weed is rebranded as a natural herbal remedy with healing powers that even respectable citizens can enjoy. We meet two restaurant owners who are about to launch a new line of cannabis-infused edibles. And, we’ll go inside a clinic where marijuana is almost always the doctor’s order.

In this bold new era of greater marijuana acceptance, the business still remains in violation of federal laws. But, the entrepreneurs have asked to be regulated, licensed and taxed – just like any other trade. After more than seventy years as an illegal drug, is it possible that marijuana’s moment has arrived?

Thousands Of Colorado Marijuana Applications On Hold

By | Colorado Medical Marijuana Law, General Medical Marijuana Information, Medical Marijuana Application, Medical Marijuana Technology, News | No Comments

December 9, 2011 4:31 PM DENVER (AP) — Some 4,200 medical marijuana applications in Colorado are on hold at the state health department while investigators look at possible fraud.

The Colorado Department of Public Health and Environment announced Friday that marijuana registry applications from certain physicians are on hold after law enforcement witnessed potential patients being seen by someone other than a physician. Colorado law requires a “bona fide” doctor-patient relationship before a physician can recommend pot for certain ailments.

In 2010, state lawmakers tightened the requirement to state that a physician must perform a personal physical examination, keep records of the visit and offer follow-up care. Lawmakers were concerned about possible fraudulent recommendations.

The health department said Friday that the applicants on hold would receive an answer by the end of January.

Cannabis ‘could stop dementia in its tracks’

By | Medical Marijuana Law, News | No Comments

Cannabis ‘could stop dementia in its tracks’

By Fiona Macrae

11/19/11: Cannabis may help keep Alzheimer’s disease at bay.

In experiments, a marijuana-based medicine triggered the formation of new brain cells and cut inflammation linked to dementia.

The researchers say that using the information to create a pill suitable for people could help prevent or delay the onset of Alzheimer’s.

A medicine based on cannabis (right) could help to delay the onset of Alzheimer’s

The incurable disease affects 400,000 Britons, with around 500 new cases diagnosed every day as people live longer.

For some sufferers, drugs can delay the progress of devastating symptoms such as memory loss and the erosion of ability to do everyday things such as washing.

However, there they do not work for everyone and, with the number of patients forecast to double in a generation, there is a desperate need for new treatments.

The US researchers studied the properties of a man-made drug based on THC, the chemical behind the ‘high’ of cannabis.

When elderly rats were given the drug for three weeks, it improved their memory, making it easier for them to find their way round a water maze, the Society for Neuroscience’s annual conference heard yesterday (WEDS).

Researcher Dr Yannick Marchalant said; ‘Old rats are not very good at that task.  When we gave them the drug, it made them a little better at that task.’

Other experiments showed that the drug acts on parts of the brain involved in memory, appetite, pain and mood.

The Ohio State University experiments also showed that the drug cut inflammation in the brain and may trigger the production of new neurons or brain cells.

Researcher Professor Gary Wenk said: ‘When we’re young, we produce neurons and our memory works fine.

‘When we age, the process slows down, so we have a decrease in new cell formation through normal ageing.

‘You need these cells to come back and help form new memories and we found that this THC-like agent can influence the creation of these cells.’

Although the drug used was not suitable for use in people, the results could aid the creation of new medicines for Alzheimer’s.

It is likely such a drug would be taken to prevent the disease, rather than treat it.

Asked if those with a family history of Alzheimer’s should smoke cannabis to prevent them developing the disease, Dr Wenk said: ‘We’re not saying that but it might actually work.

‘What we are saying its that it appears that a safe, legal substance that mimics the important properties of marijuana can work on the brain to prevent memory impairments in ageing.  So that’s really hopeful.’

Dr Marchalant added: ‘We hope a compound can be found that can target both inflammation and neurogenesis, which would be the most efficient way to produce the best effects.’

The medicinal properties of cannabis have already been harnessed to treat multiple sclerosis.

Sativex, a cannabis-based drug, has been shown to ease the symptoms of multiple sclerosis, including pain, spasms, shaking, depression and anxiety.

The Alzheimer’s Society cautioned against using cannabis itself to stave off dementia.

Professor Clive Ballard, the charity’s director of research, said: ‘There are encouraging findings from studies with animals suggesting that some cannabis derivatives may help protect nerve cells in the brain.

‘We therefore look forward to robust clinical trials into potential benefits of non-psychoactive components of cannabis.

‘It is important for people to note that these treatments are not same as recreational cannabis use which can be potentially harmful.

Published by Associated Newspapers Ltd

Part of the Daily Mail, The Mail on Sunday & Metro Media Group

Read more: http://www.dailymail.co.uk/health/article-1087544/Cannabis-stop-dementia-tracks.html#ixzz1gHp3Kv8U

Banking Problems Could Kill Medical Marijuana In Colorado

By | Colorado Medical Marijuana Law, General Medical Marijuana Information, Medical Marijuana Law, News | No Comments

By Steve Elliott

Colorado medical marijuana business owners are desperately writing letters to every bank in the country asking if they can please, oh please, just have a bank account.

About 150 dispensary owners across the state are looking for banks that will take their accounts, said Tanya Garduno, president of the Colorado Springs Medical Cannabis Council and owner of Medical Cannabis Center, reports Monica Mendoza at InsuranceNewsNet.
The medical marijuana industry has already survived regulations, licensing, security and thick stacks of almost impenetrable rules and legalese.

But the banking issue “could be the deal breaker,” Garduno said. “We have to account for everything — sales, patient lists — trying to put this together with no bank could really kill us.”

The last bank in Colorado to openly welcome dispensaries’ business — the Colorado Springs State Bank — sent notice to the shops almost two months ago that they had until the end of September to clear out their accounts. That ban is owned by parent company Herring Bank, based in Texas.
“Everyone is trying to make it work on a cash basis,” Garduno said. “It’s going to be a funky next three months. I’m sure there will be folks that will shut down.”
Medical marijuana businesses in Colorado Springs have generated about $23 million in sales and contributed $580,533 in sales taxes so far this year. That’s a 52 percent increase over last year’s numbers, and a sign that the industry continues to grow.
But most bankers won’t touch medical marijuana dispensaries with a 10-foot pole.
Banks fear federal charges of money laundering and drug trafficking. While use and sale of medical marijuana are legal in Colorado, the federal government does not recognize any legal use for cannabis.
The Federal Deposit Insurance Corporation (FDIC), one of three banking regulators, hasn’t issued guidance for banks doing business with medical marijuana dispensaries. But federal law does require banks to report “suspicious activity.”
And in June, U.S. Deputy Attorney General James Cole issued a memo to U.S. Attorneys in medical marijuana states saying “Persons who are in the business of cultivating, selling or distributing marijuana, and those who knowingly facilitate such activities, are in violation of the Controlled Substances Act, regardless of state law.”
Colorado dispensary owners are planning to fight.
They plan to push for changes in federal law to take marijuana off Schedule I, which officially means it has no accepted medical uses, a high potential for abuse and addiction, and is too dangerous to use even under medical supervision — you know, like heroin. (Even cocaine and methamphetamine are considered by the U.S. federal government to be Schedule II drugs — officially “less dangerous” than marijuana.)
The dispensary owners and supporters want changes in banking rules that would allow banks to work with medical marijuana businesses without fear of conflicting with federal regulations.
And when the Colorado Legislature goes into session in January, they will push for a change in state law that would allow them to open their own bank, one that does not require federal insurance.
“There is a slight chance they will pass,” Black said. “But, I think we are knocking at the door.”
Without bank accounts, dispensary owners don’t have access to ATM machines and are paying bills in cash or are buying prepaid credit cards.
The dispensaries will be begging for a bank until federal laws change, according to Garduno.
“We need to cut off the short term bleeding,” Garduno said. “We will call every bank in the country to find a bank to give us a shot.”

Medical Marijuana Update

By | General Medical Marijuana Information, News | No Comments

So much is going on in the world of medical marijuana that we cannot adequately cover it all through news briefs and the occasional feature article. The news briefs and feature articles will, of course, continue, but beginning now, we will also include a weekly medical marijuana update at least noting all those stories we are unable to cover more comprehensively. This first update will itself be updated until the next Drug War Chronicle is published on Thursday, then the updates will appear as a regular weekly feature. Here we go:

National

On Wednesday, the governors of two medical marijuana states, Christine Gregoire (D) of Washington and Lincoln Chafee (I) of Rhode Island, called on the Obama administration to reschedule marijuana. The next day, Vermont Gov. Peter Shumlin (D) said he would join them, but that same day, Nevada Gov. Brian Sandoval (R) said he would not.

California

As of the end of November, the US Attorney’s Office in San Diego reportedthat more than 60% of the 222 dispensaries in the region have closed their doors since it began sending threat letters in October to the outlets and their landlords. That’s 139 dispensaries gone in far Southern California, and the feds said they expected another 20 or so to close in the next two weeks.

On Monday, a federal judge in San Francisco declined to issue a temporary injunction blocking a federal crackdown on dispensaries in the Bay Area. US Attorney Melinda Haag had ordered those clubs to close, because they were too close to schools on parks. Two of the targeted dispensaries, San Francisco’s Divinity Tree and Medithrive, have already shut down to avoid criminal prosecution or seizure of their properties. A third, the Marin Alliance for Medical Marijuana in Fairfax, may be about to follow (see below).

Also on Monday, the last dispensary in the Stockton area shut down after receiving one of those October threat letters from federal prosecutors. County officials had banned dispensaries. One other dispensary shut down in October, and two more are on hold as city officials await clarification from state and federal authorities.

Also on Monday, the city of Novato voted to renew its expiring moratorium on dispensaries for another year and said city staffers would move to shut down two dispensaries operating in violation of city zoning ordinances. The moratorium does not apply to the two dispensaries because they were grandfathered in, but staffers said they are prohibited under city zoning rules, which do not name marijuana sales as an allowed use.

Also on Monday, the Amador County Board of Supervisors temporarily banned outdoor medical marijuana grows in the wake of a September killing during the attempted robbery of a medical marijuana grow. A task force drafting regulations for outdoor grows will meet later this month. Amador County Counsel Gregory Gillott said Fresno, El Dorado, Glenn and Lassen counties all have similar bans on outdoor growing.

A Marin County judge Friday declined to quash an eviction order aimed at closing the Marin Alliance for Medical Marijuana dispensary in Fairfax. The Marin Alliance is the longest operating dispensary in the state, but it could be doomed after being targeted by federal prosecutors in October. Founder and operator Lynette Shaw has until December 9 to answer the ruling and request a trial, but said this week she wasn’t sure she will stay open.

Also on Friday, the Orange County Sheriff’s Department said that any sales of medical marijuana are illegal. After raids last month that targeted a half-dozen dispensaries and more than a dozen other locations and persons, the department said Proposition 19 and laws passed to regulate medical marijuana in the state “do not authorize sales of marijuana.”

Also on Friday, Los Angeles City Attorney Carmen Trutanich announced that his office is targeting nine dispensaries to be shut down because they’re within 600 feet of a school. He said he would seek $2,500 a day penalties if they stay open while being sued. Meanwhile the city reports that 372 marijuana businesses had filed to begin paying a city business tax by the October 31 deadline. An unknown number had not filed, but city officials said there could be as many as 500 dispensaries in the city, down from a peak of 850.

Massachusetts

The Committee for Compassionate Medicine, which is seeking to put a medical marijuana initiative on the ballot next year, announced Friday that it had had handed in more than 74,000 signatures and planned on handing in another 10,000 by next week’s deadline. They need 68,911 valid voter signatures to make the ballot, so even if they get that additional 10,000, it’s still going to be a very close call, given that some sizeable fraction of signatures gathered will be found to be invalid.

Michigan

An Oakland County circuit court judge Wednesday threw out a lawsuit filed by the ACLU and two medical marijuana patients against the cities of Birmingham and Bloomfield Hills, which had passed ordinances saying it is unlawful for anyone to engage in an activity contrary to state, local, or federal law. The judge dismissed the suit, saying the plaintiffs had not been charged with any crimes. The ACLU and the plaintiffs had hoped to force a ruling on whether state and local law enforcement had to obey the Michigan Medical Marijuana Act, but they didn’t get it.

On Thursday, two Oakland County dispensaries were raided by the Oakland County Narcotics Enforcement Team. Police arrested three people at one dispensary and four at the other and seized a combined five pounds of medical marijuana and three pounds of edibles. No charges have been filed yet.

New Jersey

A Rutgers-Eagleton poll released November 30 found overwhelming Garden State support for medical marijuana and high levels of support for marijuana law reform as well. A whopping 86% of respondents supported the availability of medical marijuana, while 60% thought penalties for pot use should be relaxed, just over half didn’t think pot possession should not be a crime, and one-third would completely legalize its sale and use.
 

The poll was released just a day after Gov. Chris Christie (R) announced that he had appointed a law enforcement figure, retired State Police Lt. John O’Brien to oversee the program, which has yet to actually serve a single patient nearly three years after it was passed into law. The first strictly-regulated compassion centers are set to open next year.

The state Department of Health and Human Services last month finally published rules and regulations for the program, which were roundly denounced by the Coalition for Medical Marijuna—New Jersey, the state’s leading patient advocacy group.

Wisconsin

At a Wednesday news conference at the state capitol in Madison, Rep. Mark Pocan (D-Madison) announced that he is introducing  LRB-2466, the Jackie Rickert Medical Marijuana Act (JRMMA), named after the wheelchair-bound patient, activist, and member of Is My Medicine Legal Yet, the state’s most prominent medical marijuana activist group.

Pocan and state Sen. Jon Erpenbach (D-Waunakee) will be the lead sponsors of the bill, which died without a committee vote last session. Activists in Wisconsin have been working for a decade to pass medical marijuana legislation. Whether it will happen this session, given the bitter political atmosphere and Republican nomination at the state house remains to be seen.

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