Tag Archives: Drugs & Vice

Should Marijuana Investors Be Afraid of the SEC?

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“The industry still has immense potential over the long-term as more states allow recreational and medicinal usage. Changing production laws in Canada have opened the door to large-scale operations and returns to efficient production could be extremely high.  The opportunity in the ‘green rush’ has been accompanied by share prices surging as much as 4,500% for one company and triple-digits for most in the space. It is obvious now that shares were over-priced on revenue that is probably still a few years out. The field is getting more reasonably valued and some of the larger, more established companies might even be worth a look.”

http://www.thedailybell.com/market-commentary/35237/Should-Marijuana-Investors-Be-Afraid-of-the-SEC/

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Supreme Court Upholds Vehicle Search Based On Spurious 911 Call

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“When officers found the truck, however, they observed no erratic driving after following for several miles. They nevertheless pulled over the vehicle and smelled marijuana. A search of the truck netted four bags of pot, fertilizer and hand clippers – resulting in the arrest of the occupants, Lorenzo and Jose Navarette of Santa Rosa, Calif.  The Navarettes fought unsuccessfully to suppress the fruits of the traffic-stop-turned-pot-bust search. They argued that the anonymous tip was too vague to support the stop, and that officers observed nothing while following to establish a reasonable suspicion of unlawful activity.”

http://www.courthousenews.com/2014/04/22/67242.htm

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New Colorado Marijuana Vending Machines Will Accept Bitcoin

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“The first machine that can be accessed directly by consumers was finally unveiled at an invite-only event in Colorado last week.  Billed as the first marijuana vending machine in America, the ZaZZZ unit is perhaps more accurately described as the first machine that will not be placed behind a sales counter. It offers a number of novel compliance features, including a driver’s license reader and a camera that captures video of users.  ZaZZZ machines also have another notable feature: they accept only a limited number of payment options including the ZaZZZ Card, cash, and perhaps most notably, bitcoin.”

http://www.coindesk.com/new-colorado-marijuana-vending-machines-accept-bitcoin/

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US Sentencing Commission Votes to Cut Drug Sentences

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“The US Sentencing Commission (USSC) voted unanimously Thursday to reduce sentences for most federal drug trafficking defendants. The move comes as the federal prison population continues to increase, driven in large part by drug offenders, even as prison populations in the states are on the decline.  USSC said the changes would affect about 70% of federal drug trafficking defendants and would result in an average sentence decrease of 11 months. That means the average federal drug trafficking sentence will drop from just over five years to just over four years.  There are currently more than 216,000 federal prisoners. Slightly more than half are doing time for drug offenses.”

http://stopthedrugwar.org/chronicle/2014/apr/11/ussc_cuts_drug_sentences

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Effort Launched To Free Missouri Man Serving Life For Marijuana Charge

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“Efforts to release Jeff Mizanskey, the only man in Missouri serving a life-without-parole sentence for a nonviolent marijuana charge, are continuing this month with help from Show-Me Cannabis and Change.org.  Show-Me Cannabis has bought billboard space on I-70 near Kansas City (and near Sedalia, where Mizanskey was arrested). The billboard features a photo of Mizanskey and says: ‘Life without parole for cannabis? It’s time we fix our unjust marijuana laws.’  A photo of the billboard, which is on I-70 in Saline County, not far from where Mizanskey was arrested in Sedalia, can be seen above.”

http://blogs.riverfronttimes.com/dailyrft/2014/04/free_jeff_mizanskey_efforts_co.php

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Marijuana Sector Update – April 14th 2014

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“For those investing only in the public markets, we are clearly in a period of downward momentum and investors may want to wait until weaker sentiment drives a bottom in prices.  Shares have been falling with general sentiment in the market, especially for momentum names, but have met challenges of their own as well. The Securities & Exchange Commission halted shares of GrowLife (PHOT) on Thursday as a part of its larger investigation into the industry.  The trading halt follows another in late March for shares of Advanced Cannabis Solutions (CANN). The stock has since resumed trading but fell nearly 40% on the first day.”

http://www.thedailybell.com/market-commentary/35216/Marijuana-Sector-Update–April-14th-2014/

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Poll: Three-fourths of US says pot will be legal

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“Three-fourths of Americans say it’s inevitable that marijuana will be legal for recreational use across the nation, whether they support such policies or not, according to a public opinion poll released Wednesday that highlights shifting attitudes following the drug war era and tough-on-crime legislation.  The Pew Research Center survey also shows increased support for ending mandatory minimum prison sentences for non-violent drug offenders and doing away altogether with jail time for small amounts of marijuana.  Since California became the first state to legalize medical marijuana in 1996, at least 19 others and the District of Columbia have followed suit.”

http://bigstory.ap.org/article/poll-nationwide-marijuana-legalization-inevitable

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How Many Pounds of Marijuana Are Being Sold in Colorado A Month?

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“The crime rate in Denver, Colorado’s largest city, has gone down by 2.4%, with property crime falling by 14.6%, in the past year — all while enough ganja is being sold in the state to make Cheech and Chong blush.  The fear mongering that we always hear about marijuana is being exposed for exactly what it is. ‘If voters [legalize marijuana], I believe there will be many harmful consequences,’ said Sheriff David A. Weaver before the amendment was passed. ‘Expect more crime … I think our entire state will pay the price.’  Meanwhile, three months into the legalization experiment, consumers are buying over $14 million worth of product a month. That works out to approximately 1,683 pounds of pot.”

http://www.policymic.com/articles/87273/guess-how-many-pounds-of-marijuana-are-being-sold-in-colorado-every-month

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Canada’s first public pot company has shipment seized by RCMP

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“Tweed Marijuana Inc. became the first publicly traded medical pot company in Canada on Friday, but behind the scenes the Ontario production facility has apparently been searching for answers after a run-in with the law.  On Monday, the company was hoping to beef up its stock with a shipment of medical marijuana products that it says it acquired from B.C. growers who had previously been licensed to grow their marijuana at home.  Even though the company had received Health Canada’s approval to import such products, the Mounties, who the company said it had invited to inspect the shipment, ended up seizing it at the Kelowna International Airport.”

http://news.nationalpost.com/2014/04/04/canadas-first-publicly-traded-marijuana-company-has-rough-first-day-when-pot-shipment-seized-by-rcmp/

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Vida Cannabis: Up, Up and Away for A Perfectly Positioned Company

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“Looking for the very highest quality products and the consistency of a high-tech pharmaceuticals operation? Vida expects to file its licensing application before the end of April, a schedule that should allow it to have the necessary license in hand by the third quarter of this year. In the meantime, the company is raising $1.5 million at $.25 per share. That represents a market value of only $6 million for a company that now owns a 315,000-square-foot production plant with a replacement value estimated at $30 million. Personally, I think this will turn out to be an extraordinary investment. In less than a year’s time, this $.25 financing round is going to look extremely cheap.”

http://www.thedailybell.com/trends-and-sector-reports/35191/Feature-Investment-Opportunity-Vida-Cannabis-and-Why-Its-Up-Up-and-Away-for-This-Perfectly-Positioned-Company/

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