Washington, Colorado OK recreational pot use 1 Year, 9 Months ago
At least we can say that last night's U.S. election was not a TOTAL exercise in futility, as some good/sanity emerged from all the lies and propaganda.
In the West's most "drug" phobic nation (except for alcohol and tobacco); two of its states last night authorized the recreational use of marijuana. Here it's important that readers understand that these states were not "encouraging drug use", rather they were discouraging crime.
As the U.S. already proved 80 years ago, (criminal) Prohibition is the absolute, worst way to deal with the social problem of drug abuse.
1) It hands an EXTREMELY lucrative market to organized crime. This argument alone is decisive, as "drug crime" committed by the drug-dealers has become many times more serious than the crimes committed by users/junkies.
2) It results in many more deaths among users, as the lack of quality control means that a user might buy a drug in a 10% pure form one day, and then 80% pure the next -- where simply using the same quantity of the drug he/she used the day before would result in a fatal overdose. There are also major problems here with toxic additives, dirty needles, etc.
3)It discourages users/addicts to seek treatment. Obviously if you criminalize any form of behavior, you greatly discourage those engaging in that behavior from coming out of the closet.
4) Prohibition can NEVER eliminate drug use. Something else which the U.S. proved during its Prohibition of the Dirty Thirties was that even draconian criminal laws do not/cannot ever eliminate the problem. In other words, it is the most extreme approach possible to a problem, yet offers a 0% probability of success.
5) In the case of marijuana, we have a drug which is MUCH less harmful than either alcohol or nicotine; is non-addictive (unlike alcohol and nicotine); and has NUMEROUS therapeutic uses.
The moves made by the state governments of Washington and Colorado are small steps toward sanity with respect to the U.S.'s assinine "War on Drugs". Given the inclination of the Harper government to COPY anything being done in the U.S.; should this drug-law sanity start to spread across the U.S., then HOPEFULLY we'll see Canada's government mimick that too...
P.S. I almost forgot to add the REAL reason why Washington and Colorado have legalized pot-use: so that these cash-strapped governments can TAX the pot-users.
Washington, Colorado Allow Recreational Use of Marijuana
Washington and Colorado voters legalized recreational use of marijuana, making them the first U.S. states to decriminalize the practice.
Washington will allow those at least 21 years old to buy as much as one ounce (28 grams) of marijuana from a licensed retailer. Colorado’s measure allows possession of an ounce, and permits growing as many as six plants in private, secure areas. Oregon voters rejected a similar measure.
“The voters have spoken and we have to respect their will,” Colorado Governor John Hickenlooper said in a statement. “This will be a complicated process, but we intend to follow through. That said, federal law still says marijuana is an illegal drug so don’t break out the Cheetos or Goldfish too quickly.”
Support for marijuana’s recreational use built on measures that allow it for medical purposes in one-third of U.S. states. Previous attempts to legalize pot through ballot measures failed in California, Alaska, Oregon, Colorado and Nevada since 1972, according to the Denver-based National Conference of State Legislatures.
A spokesman for the U.S. Attorney’s Office in Colorado said federal law was not affected by the vote.
“The Department of Justice’s enforcement of the Controlled Substances Act remains unchanged,” said Jeff Dorschner in a statement. “We are reviewing the ballot initiative and have no additional comment at this time.”
Washington, Colorado and Oregon were among six states with marijuana on their ballots. In Massachusetts, residents approved a measure to allow medical use, while Arkansas voters rejected such a proposal. Medical-marijuana use is already permitted in 17 states and the District of Columbia. In Montana, a proposal to restrict the use of medical marijuana was leading, 57 percent to 43 percent, with 65 percent of ballots counted, the Associated Press said.
“It’s very monumental,” said Allen St. Pierre, executive director of the National Organization for the Reform of Marijuana Laws, a Washington-based group that advocates legalization. “No state has ever done this. Technically, marijuana isn’t even legal in Amsterdam.”
The approval of recreational pot goes a step beyond its acceptance in medical use. California was the first state to permit medical-marijuana when voters approved it in 1996. Federal prosecutors cracked down on the medical-marijuana industry in California last year, threatening landlords with jail if they didn’t evict the shops.
“Regardless of state laws to the contrary, there is no such thing as ‘medical’ marijuana under federal law,” according to the White House Office of National Drug Control Policy.
U.S. Attorney General Eric Holder released a letter a month before California voters considered a ballot measure to legalize recreational use of marijuana in 2010, saying the Justice Department would “vigorously” enforce federal law. The initiative failed.
A Justice Department spokesman, Dean Boyd, declined to comment yesterday when reached by telephone.
In Washington state, decriminalization and new rules on driving under the influence take effect Dec. 6. The state liquor control board must adopt rules by Dec. 1, 2013 for licensing producers, processors and retailers.
The Washington measure may generate as much as $1.9 billion in revenue over five fiscal years, according to the state’s Office of Financial Management.
Re: Washington, Colorado OK recreational pot use 1 Year, 9 Months ago
Brian Boutilier wrote: Legalize it, tax it, and make the states money instead of organized crime. The country certainly has wasted untold amounts of money on the "war on drugs." Started back with Nixon didn't it?
Brian, what's really funny is that the same right-wingers who claim that the best way for government's to KILL anything is for government to tax-and-regulate it never extend this 'logic'(?) to the issue of recreational drug-use.
One would think that hard-core (anti-drug) conservatives would be LEADING the charge to tax-and-regulate drug use...
It’s hard to deny the appeal of investing in legal cannabis. After all, how often do you get the chance to participate in a bona fide gold rush, with an ever-shifting market, few established players and consumer demand that is all but waiting to explode?
The recent, historical approval of marijuana for recreational use in Colorado and Washington state adds a brand-new element to the business. For investors, the smell of a once-in-a-lifetime opportunity is in the air. And who doesn’t want to add “drug kingpin” to their resume?
“Cannabis is really already a structured and mature market, it just exists in the black market,” says Derek Peterson, CEO of Terra Tech (TRTC), a startup that manufactures hydroponic growing systems. “It’s moving to the white market, or at least the gray market, but we still didn’t have to make the market, it already exists. We’re just taking it out of the hands of the cartels and putting it in the hands of legitimate business.”
And the upside potential is huge.
“It’s an industry that has a lot of problems, but that’s part of the opportunity,” explains Brendan Kennedy of Privateer Holdings, a Seattle-based private equity firm that’s focused on legal cannabis. “The companies are immature, the managers are unprofessional, it’s highly fragmented, there are no standards, the branding and marketing bar is very low and there are no established players. There are not even any Wall Street analysts that study this industry yet.”
Bigger than corn
Still, despite these problems, the sector has annual revenues in the neighborhood of $40 billion, which Kennedy says makes the cannabis market even bigger than corn. “How many people trade corn as a commodity?" he asks. "How many sub-industries are focused on corn? There will be a desk at Goldman where you have analysts studying cannabis. It’s going to happen and it’s going to happen faster than anyone thinks.”
Of course, the reality is that marijuana remains very much an illegal product in the eyes of the federal government, despite the rulings in Colorado and Washington and the fact that it's legal for medicinal purposes in more than a dozen other states. As an investment, it doesn’t get much riskier than that.
“The first thing I would point out to a prospective investor is that these companies are still breaking federal law,” says Irvin Rosenfeld, a South Florida-based stockbroker and author of the pro medical marijuana book, “My Medicine.”
“While Obama has said that the federal government has bigger fish to fry," Rosenfeld continues, "that hasn’t stopped the feds from going into states like California and telling dispensary owners that their tax dedications are disallowed, or the DEA from shutting down dispensaries that are near schools or parks.”
[Slideshow: Marijuana-Related Stocks: Companies and Products]
Money to Burn?
But that’s not to say there isn’t money being made in cannabis. The key, says Privateer’s Kennedy, is being very, very careful.
“We avoid all public companies in this space,” he says, “as that’s not something that interests us at all. And many of the reasons these companies are public is they couldn’t raise private money. We’re mostly interested in businesses that serve growers and dispensaries, and then consumer products -- entities that serve the legal consumer market.”
Privateer, which holds no investments in cannabis growing or distribution operations and is in the process of closing a $7 million round of funding, is focused on mainstream brands, such as the marijuana review site Leafly.com, which it bought last year when the site's revenues were effectively zero. Leafly.com finished 2012 with about $400,000 in revenues and is forecast to reach $1 million by the end of this year.
“It was the perfect company for us,” Kennedy says. “It has that mainstream look and feel. So you could be a 30-year-old professional or a 40-year-old soccer mom or a baby boomer and could embrace that brand.”
Troy Dayton, CEO of The ArcView Group, a venture-funding network for legal cannabis companies, is likewise focused on ancillary marijuana businesses such as point-of-sale systems, inventory-tracking services and even insurance. The key for him is finding a business that has mainstream counterparts that are not yet involved in the cannabis sector.
“I think staffing is an area where we’re not seeing much action but I see huge opportunity,” Dayton says. “For example, trimming has notoriously been an ad hoc sort of thing that’s time consuming and difficult. But as the industry professionalizes, it would be great to be able to outsource that kind of work to a team that’s already together and knows what it’s doing. But a lot of the regular staffing companies aren’t into the idiosyncrasies of this industry yet, and may be staying out of it for reputational reasons, so that’s an opening.”
The public option
For retail investors, however, the pickings are still slim. THCBiz.com only has 16 publicly traded companies on its list of cannabis related companies, all of which trade OTC or on the pink sheets and represent a range of ancillary industries like grow-room hardware, lighting, pharmaceuticals and general business services. Only a handful report any sort of financial information or give potential investors insights into their business prospects.
That is slowly changing, however. Terra Tech, for example, has been fully reporting since day one and is shooting for an American Exchange or Nasdaq listing in the next 24 months. And the company's CEO, who also owns Blum, a marijuana dispensary in Oakland, Calif., says he has been able to recently secure funding for his venture via more traditional means: investment bank Midtown Partners in New York.
Cannabis investing may still be the Wild West, but at least some law and order is starting to come to the industry.
Re: Washington, Colorado OK recreational pot use 1 Year, 6 Months ago
Earl, I would love to see cannabis go legal. I definitely do not want to see it go corporate.
There are still small numbers of (generally older) hard-core tobacco lovers who insist that the only thing that makes tobacco so deadly and so addictive is the processed, chemical-laced cigarettes sold by Big Tobacco.
What would be the ONLY way in which cannabis could really become "dangerous"? Allow Big Business to wrap its greedy tentacles around the industry, monopolize it; and then force the pot-equivalent of their "cigarettes" on people.
I'm sure there's no way they could make cannabis nearly as toxic/cancerous/addictive as cigarettes; but I don't want to see Big Business try to prove me wrong.
Of course, unlike tobacco; if Big Business ever tried to monopolize cannabis (and force some dangerous and/or inferior product on users), undoubtedly pot-smokers would go right back to "growing their own"...
Re: Washington, Colorado OK recreational pot use 1 Year, 6 Months ago
On October 7, 2003 The United States Government as represented by the Department of Health and Human Services was granted a U.S. Patent (#6630507) on any and all uses and applications of: Cannabinoids as antioxidants and neuroprotectants.
Cannabinoids have been found to have antioxidant properties, unrelated to NMDA receptor antagonism. This new found property makes cannabinoids useful in the treatment and prophylaxis of wide variety of oxidation associated diseases, such as ischemic, age-related, inflammatory and autoimmune diseases. The cannabinoids are found to have particular application as neuroprotectants, for example in limiting neurological damage following ischemic insults, such as stroke and trauma, or in the treatment of neurodegenerative diseases, such as Alzheimer's disease, Parkinson's disease and HIV dementia. Nonpsychoactive cannabinoids, such as cannabidoil, are particularly advantageous to use because they avoid toxicity that is encountered with psychoactive cannabinoids at high doses useful in the method of the present invention. A particular disclosed class of cannabinoids useful as neuroprotective antioxidants is formula (I) wherein the R group is independently selected from the group consisting of H, CH.sub.3, and COCH.sub.3. ##STR1##
THE GOVERNMENT ALREADY OWNS THE ORGANIC THC OIL BY FORCE... and now THEY OWN THE SYNTHETIC THC OIL BY PATENT... along with any and all combinations of the beneficial compounds found in cannabinoids. As you read through this document you will discover beyond any doubt whatsoever that cannabis has a tremendous variety of medicinal values and applications specific and provable enough to be granted a U.S. Patent, yet the Judicial Branch of our government continues to classify cannabis as a Schedule 1 Controlled Substance
Be sure to take the time to scroll down and read through this patent and you will discover what a miracle plant cannabis really is. You will be asking yourself... "What can't it do?" as application after application is described in great detail about the medicinal properties and natural treatment potentials of cannabis. Ask yourselves "Why are multinational corporations allowed to continually market dangerous and untested poisons, toxins and industrial waste products described as food additives and incorporate them into our processed food supply while you and I face arrest and incarceration for simply growing and selling organic foods and medicines?"
Re: Washington, Colorado OK recreational pot use 1 Year, 6 Months ago
So here is the metamorphosis of "reality" which is about to occur before our eyes (at least for those living in the U.S.). Overnight, pot will go from being "illegal, because it's very bad for us" to being legal-but-owned-by-the-government "because it's good for us."
As we see this legal/moral/intellectual hypocrisy about to reach an absurd, ultimate, extreme; I say to people again that this is true with virtually ALL of the crime-and-punishment crusades which our (corrupt, criminal) governments have inflicted upon us over the years.
The "War on Drugs". The equally absurd/fraudulent "war" against drinking/drivers. And of course the worst crime-and-punishment Crusade of all time, the ultra absurd/fraudulent "War on Terror."
And and EVERY time we see our governments (with the aid of the media megaphone) deliberately attempting to scapegoat a particular group of "criminals" with some media/propaganda blitz; you can be absolutely certain that this Crusade is either based upon 100% mythology, or (at best) half-truths.
What we have here today (in implicit terms) is the U.S. government fully (but quietly) acknowledging its own hypocrisy for any with the eyes to see it...
Inventors: Hampson; Aidan J. (Irvine, CA), Axelrod; Julius (Rockville, MD), Grimaldi; Maurizio (Bethesda, MD)
Assignee: The United States of America as represented by the Department of Health and Human Services (Washington, DC)
How long ????
U.S. Patent Documents
2304669 December 1942 Adams
4876276 October 1989 Mechoulam et al.
5227537 July 1993 Stoss et al.
5284867 February 1994 Kloog et al.
5434295 July 1995 Mechoulam et al.
5462946 October 1995 Mitchell et al.
5512270 April 1996 Ghio et al.
5521215 May 1996 Mechoulam et al.
5538993 July 1996 Mechoulam et al.
5635530 June 1997 Mechoulam et al.
5696109 December 1997 Malfroy-Camine et al.
6410588 June 2002 Feldmann et al.
FIELD OF THE INVENTION
The present invention concerns pharmaceutical compounds and compositions that are useful as tissue protectants, such as neuroprotectants and cardioprotectants. The compounds and compositions may be used, for example, in the treatment of acute ischemic neurological insults or chronic neurodegenerative diseases.
Yes, all the same link- The United States Government Patent On October 7, 2003 The United States Government as represented by the Department of Health and Human Services was granted a U.S. Patent (#6630507) on any and all uses and applications of: Cannabinoids as antioxidants and neuroprotectants.
BullionBullsCanada.com is not a registered investment advisor - Stock information is for educational purposes ONLY. Bullion Bulls Canada does not make "buy" or "sell" recommendations for any company. Rather, we seek to find and identify Canadian companies who we see as having good growth potential. It is up to individual investors to do their own "due diligence" or to consult with their financial advisor - to determine whether any particular company is a suitable investment for themselves.