Colorado students given $420,000 in marijuana tax-funded scholarships

Marijuana taxes paid the lion’s share of the new Pueblo County Scholarship Fund that on Tuesday awarded 210 students $2,000 each for the 2017-18 academic year.

But Pueblo County Commissioner Sal Pace said much of the credit is due to the southern Colorado sunshine that blasted those students at the scholarship award ceremony held on the steps of the county courthouse. Continue reading “Colorado students given $420,000 in marijuana tax-funded scholarships”

Leading Cannabis Biotech Jumps 49% in 5 Days

On June 7th, I wrote about a small group of cannabis biotechs currently in a heated race to produce the world’s first $1 billion cannabis drug.

I am expecting the winner of that race to deliver huge returns to shareholders.

This week, I have an important update on that story.

Cara Therapeutics (NASDAQ: CARA) is a young cannabis biotech company headquartered in Connecticut. Continue reading “Leading Cannabis Biotech Jumps 49% in 5 Days”

Hong Kong Cannabis Interceptions Are Soaring

Cannabis seizures are rapidly escalating in Hong Kong—whether due to greater quantities on the market or stepped-up enforcement, or both.

On Monday, the city’s South China Morning Post reported on a haul of 35 kilos in 136 baggies ready for sale, uncovered in a vehicle during a police raid on a car park. Three were arrested. Police estimated the street value of the load at HK$10 million (about US$1.3 million).

Continue reading “Hong Kong Cannabis Interceptions Are Soaring”

SEC files charges against pot stock millionaire

Cannabis has it bad enough. Decades of negative government propaganda, mainstream media hyperbole, and black market perpetuated negative circumstances have led to a negative public perception. Many good men and women have been working for years to change that. Unfortunately, as in any industry, there are characters who meddle in shady business practices that hurt investors and employees. Continue reading “SEC files charges against pot stock millionaire”

Florida Governor Signs Medical Marijuana Legislation

Florida Gov. Rick Scott has signed into law a bill that outlines how patients can qualify and receive medical marijuana under the state’s constitutional amendment.

The bill still bans smoking, despite amendment supporters threatening to sue after saying it is written into the language. Continue reading “Florida Governor Signs Medical Marijuana Legislation”

Missouri sues three big pharma companies for “campaign of fraud and deception”

Helen Fabick was an honors student who in February 2014 was supposed to attend a daddy-daughter dance at her high school. Instead, her father found the 17-year-old dead in her bed.

“If this sounds like a nightmare, it has definitely been a nightmare for our family,” Helen’s mother, Jammie Fabick, said during a news conference Wednesday with Missouri Attorney General Josh Hawley. Continue reading “Missouri sues three big pharma companies for “campaign of fraud and deception””

City Sessions Denver announces educational cannabis tours for 2017

City Sessions Denver, the country’s leader in educational cannabis tours, is announcing boutique bus tours for the summer of 2017 that introduce guests to the burgeoning cannabis culture in the Denver area.

“The cannabis industry is rife with stigma and misinterpretation and City Sessions aims to educate, inform, and entertain in both customized and weekly scheduled boutique bus tours,” says Goldie Solodar, Founder of City Sessions. Continue reading “City Sessions Denver announces educational cannabis tours for 2017”