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By: Curtis Davis – Owner, The Occult Network

The Marijuana Legalization Movement that has been sweeping across the United States in recent years has created tremendous opportunities for budding(pun intended) entrepreneurs.

However upon close observation there seems to be a lack of African Americans involved in the vast entrepreneurial opportunities in the cannabis industry. Like many other industries the growers, dispensary owners and ancillary products company owners are predominantly caucasian.

Is this because of racism?, lack of interest by the African American community? or an inability to get financing to take advantage of the opportunities that the lucrative cannabis industry presents.

Because of the amount of African Americans that were incarcerated as result of being involved in “black market” sales of marijuana, this a perfect opportunity for African Americans to become involved in the cannabis industry LEGALLY without fear of incarceration.

The marijuana industry is projected to be a $50 Billion industry at present and is expected to increase exponentially in the future. This is the perfect time for the United States Government through its Minority Business Council as well as its other minority business assistance programs to extend opportunities to African Americans the opportunity to take advantage of business opportunities in the cannabis industry.

Where are the current wealthy black individuals that currently have the capital to finance potential African American entrepreneurs that wish to enter the cannabis industry? Why aren’t current wealthy African Americans forming consortiums, hedge funds, investment groups, angel groups and venture capital firms to finance African American entrepreneurs who are unable to acquire bank financing?

Wake up Black America! Especially Wealthy Black Americans! Recognize the tremendous opportunity in front of you!….the Cannabis Industry. NOW is the time to pool your resources and establish a New “Black Market”.

THINK ON THIS….

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Written by Anthony DelCioppo

@spacenectar

Over the last few years a number of studies have shown that certain compounds found in cannabis have had success killing certain cancer cells and reducing growth in others. A new study has been published in the journal of Molecular Cancer Therapies showing that alongside radiation treatment, cannabis can help dramatically reduce one of the most aggressive types of brain tumors in mice.

A team of researchers from St. George’s University of London found that high-grade glioma masses (a deadly form of brain cancer) were reduced to as low as one tenth the original size when compared to the other tumors in the control group. Dr. Wai Liu, one of the study’s leading authors said, “We’ve shown that cannabinoids could play a role in treating one of the most aggressive cancers in adults. The results are promising…it could provide a way of breaking through glioma and saving more lives.”

What are Cannabinoids? Scientists have identified 85 known cannabinoids in the cannabis plant. The two most recognized are tetrahydrocannabinol (THC) and cannabidiol (CBD), both of which have their benefits when it comes to treating a number of diseases, including cancer.

THC is commonly known as the psychoactive component in cannabis that gets you high. But THC is also good for pain relief, muscle spasms, stimulating appetite, sleeping disorders, and nausea. In fact, Earlier this year Louisiana State University published a study in AIDS Research and Human Retroviruses, which suggested that THC can even stop the spread of HIV.

CBD on the other hand has proven successful in treating epilepsy, anxiety, pain, MS, schizophrenia, and PTSD. The CBD compound is used to treat patients for a variety of illnesses without the psychoactive side-effects like anxiety or paranoia attributed to THC.

The researchers from St. George’s University of London found that CBD and THC are both effective in fighting glioma, and concluded the tumors were best treated with low doses of both THC and CBD, as the tumors were more receptive to radiation treatment. Dr. Wai Liu told the Huffington Post, “Our data suggests a ‘triple threat’ approach using all three may be of value.”

But how exactly do CBD and THC kill cancer cells?

Humans have something called an Endocannabinoid System (ECS) which exists to receive cannabinoids that we naturally produce in the body. There are receptors for these cannabinoids in the brain, in our nervous system, and in cells associated with our immune system. CBD and THC can actually bind with our body’s cannabinoid receptors and essentially tell the cancer cells to ‘commit suicide.’

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Dr. Prakash Nagarkatti, a professor of Pathology and Microbiology at the University of South Carolina, conducted a similar study in 2011. He created a synthesized cannabis drug that was able to eradicate nearly 100% of the cancer in the test tubes. He then tested the same drug on mice and nearly 30% of the mice completely rejected the tumor, and the rest of the subjects showed significant reductions in size. Dr. Nagarkatti has begun clinical trials on patients with leukemia.

According to the American Cancer Society, in 2014 there will be an estimated 1,665,540 new cancer cases diagnosed and 585,720 cancer deaths in the US. With the information we already have and more research on the horizon, it would be irresponsible to continue to gloss over the fact that cannabis has shown remarkable effectiveness in treating cancer. But cannabis remains classified as a Schedule I drug and the federal government maintains that it has no medicinal value, despite all evidence to the contrary.

If there’s a silver lining though, it’s that 23 states and Washington D.C. disagree, paradoxical as it seems. And then there’s hemp. CBD can also be extracted from cannabis’ sister plant, hemp, which can be legally imported and sold in the US. With more cancer patients having access to the benefits of CBD and THC many of them are incorporating a more holistic approach and are seeing positive results. And not to go too far down the rabbit hole but it does beg the question, why is this medicine not federally legal?

At the very least it should be treated like any other prescription drug that your doctor would write you a script for, much like they do in Canada, eh? Obviously there are many reasons and it’s extremely complex, but for the sake of addressing my question let’s simplify it: follow the money. According to the National Cancer Institute, medical costs for cancer care are $125 billion and are expected to jump to $173 billion in the next 5 years.

And while the marijuana industry is no slouch with a $35 billion projected value by 2020 (assuming all states and the federal government go legal), it’s a drop in the bucket relative to cancer care.

Carter Pewterschmidt and Brian from Family Guy paint the picture:


Brian: “Carter, you’ve discovered the holy grail of modern medicine. Why the hell would you keep it buried like this?”

Carter: “I’ll tell you why, because there’s far more money to be made treating a disease than in curing it. Why cure someone of cancer in a day when we can treat them for a life time and bill them every step along the way?”

Brian: “What? That’s insane!”

Touché, Brian.

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Marijuanastocks.com own The Wolf of Weed Street was recently interviewed by $PNTV’s WeedTV Reporter iV Nicole.

From WeedTV.com:

“The iV report is iV Nicole’s take on all things cannabis. A fun and informative weekly look at everything from recreational/medical legislation and behind the scenes visits to cooking tips, live events and much, much more! We’ll meet some of the top chefs, celebrities, political figures and other innovators in our budding industry. We’ll take a look at cutting edge technology as well as see the newest product reviews.”

https://www.youtube.com/watch?v=JMM5-yBe66Q

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Less than a month has passed since voters in the nation’s capital approved the initiative to legalize the growing and possession of recreational marijuana. Lawmakers in Washington D.C. have already made progress with a measure which would establish a taxed and regulated marijuana market similar to what Colorado and Washington currently have in place.

Last week the Committee on Business, Consumer and Regulatory Affairs met and council members gave their approval on the legislation that will legalize the sale and distribution in the District. The initiative, which passed in November, had 70% of voter approval.

The bill, which actually goes further than the provisions listed in Initiative 71 (the ballot measure that was approved in November), also calls for the elimination of penalties for those in possession of two ounces or less. The initiative did not get into commercial production or distribution.

The bill currently being talked about would combine medical and recreation use into one industry in the district. There would be a lower sales tax on cannabis purchased by those with a doctor’s recommendation, 6% instead of 15% for recreation users.

Similar to bills in other states, the D.C. bill would ban consumption in pot stores and many other locations. The part of the bill dealing with marijuana use says “nothing in this section shall permit consumption that is conducted in public,” which if broadly defined would encompass businesses open to the public. By contrast, Initiative 71 says businesses should be free to “prohibit” or “regulat[e]” marijuana use, meaning that bar and restaurant owners, for example, could choose to allow it.

The “Marijuana Legalization and Regulation Act of 2013” got its initial approval from the council but will still need the go ahead from a secondary committee before it can go up for a vote by the members of the council.

“Today’s vote in support of regulating marijuana like alcohol in the nation’s capital is a validation of the overwhelming support among District residents for an end to the racial disparities and harm caused by marijuana prohibition,” said Grant Smith with the Drug Policy Alliance. “D.C. lawmakers have a clear mandate from the community they serve to pass a bill that regulates marijuana and restores those communities that have been harmed the most by decades of marijuana prohibition.”

It isn’t expected that the council will make any substantial decisions towards the measure until after the council comes together again in January

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Medical marijuana patients in the state of Minnesota are one step closer to being able to access marijuana….in limited forms. The State Department of Health announced on Monday that they have chosen the two entities that will be the sole providers of medical cannabis for the state’s medical program.

The state medical program is limiting cannabis to concentrates and edibles. The two providers that were chosen will be responsible for making the products. No raw cannabis will be allowed in the program.

The two providers chosen are Leafline Labs and Minnesota Medical Solutions. Leafline will have it’s home base in Cottage Grove, Minnesota and there will be a dispensary in Eagan, hopefully opening in July 2015. Leafline also plans to open dispensaries in St. Paul, St. Cloud and Hibbing down the road. Minnesota Medical Solutions will be based on Ostego and will have dispensaries in Minneapolis, Maple Grove and Moorehead.

There were ten other providers who also applied to be a part of the states program.

There has been a lot of criticism of the state’s medical program. Activists in the state think the program is too restrictive and doesn’t allow for people with severe pain to access the program. Doctors in the state are also required to be part of an ongoing study which will determine if medical marijuana works or not.

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By Michael Berger

GW Pharmaceutical (GWPH: NASDAQ) announced fourth quarter and fiscal year 2014 financial results.

2014 was a big year for GWPH and 2015 should be even bigger. The company’s Epidolex program advanced significantly during the year and they received positive clinical data after treating 200 children with the drug. GWPH expects to report Phase 3 data from the Sativex cancer pain trials in early 2015. If they report positive data, the company would enable to file a New Drug Application (NDA) in the U.S.

2014 highlights from Epidiolex and Sativex

Epidiolex

  • Epidiolex program for the treatment of childhood epilepsy program advanced significantly
  • The company sponsored development programs in Dravet syndrome and Lennox-Gastaut syndrome (LGS)
  • Phase 2/3 Dravet syndrome trial commenced in October 2014. Part A is on track to be completed in December and Part B expected to commence in Q1 2015
  • Additional Phase 3 Dravet syndrome trial and two LGS Phase 3 trials are on track to commence in 1Q15
  • Orphan Drug Designation was granted by the U.S. FDA for both Dravet syndrome and LGS
  • Orphan Drug Designation was granted by the European Medicines Agency for Dravet syndrome
  • Clinical effect data on 58 treatment-resistant children and young adults released in October 2014 showing promising signals of efficacy and safety
  • Approximately 410 children and young adults now authorized for treatment with Epidiolex by FDA under 20 expanded access Investigational New Drug Applications (INDs)
  • They started state-based collaborations for Epidiolex clinical trials in Georgia and New York

Sativex

  • The first Phase 3 cancer pain trial recruitment was completed. The company expects to have initial top-line data available in early 2015. The second Phase 3 trial is expected to be completed in 1Q15 with data expected in 2Q15. The data will lead to a New Drug Application (NDA) filing with the FDA in the second half of 2015
  • Fast Track designation awarded by FDA for treatment of cancer pain
  • They signed an agreement with Ipsen as the exclusive distributor for Sativex in Latin America (excluding Mexico)
  • Sativex is approved in 27 countries and available for use in 15 countries. Sales volume increased by over 50% in 2014 when compared to 2013.

Extensive cannabinoid product pipeline

  • Additional epilepsy pipeline candidate GWP42006 (Cannabidivarin or CBDV), Phase 1 trial has been completed. Phase 2a trial due to start during the first half of 2015
  • Phase 1b/2a trial of GWP42002:GWP42003 for the treatment of Glioma is advancing to second phase.
  • Top line data from Phase 2a trial of GWP42003 extract for the treatment of ulcerative colitis has shown signals of efficacy in patients who received the treatment
  • Phase 2a trial of GWP42003 for the treatment of schizophrenia commenced in March 2014. They expect to complete testing during the second half of 2015.
  • Phase 2b trial of GWP42004 in type-2 diabetes commenced in March 2014 and is expected to be completed during 2016

Financial Highlights

  • Total revenue for FY2014 was $48.7M. This is up from their 2013 numbers, $44.3M.
  • GWPH generated a net loss after tax during 2014 of ($23.8m) due to the increased investment in R&D.
  • Two follow-on offerings of American Depositary Shares on the NASDAQ Global Market raised approximately $212 million.
  • Total cash and cash equivalents $266.8M

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Who knew reality TV could actually be beneficial on a social and cultural level. That seems to be what is happening as a result of this seasons hit show “Dancing with the Stars”. One of the most talked about performers on the show is none other than top toker himself Tommy Chong.

Most people’s reactions to a 76 year old stoner on the show was not too positive. But he has avoided elimination so far and has danced his way to the semi-finals. Chong has been very vocal through the years about his love for cannabis. He has definitely caught the attention of the nation as the oldest dancer to make to the semi-finals so far. It could also have been his Cha Cha with Petra Murgatroyd who was dressed as a pot plant that got some attention as well.

Having such a notorious cannabis connoisseur on primetime TV could only help the legalization cause? After all, the top demographic for Dancing with the Stars is the over 50 group. That group typically is also the most conservative when it comes to pot politics as well. Maybe seeing how agile, able and alert a serial stoner his age is, will change some minds when it comes to the next marijuana ballot measures.

Chong’s cannabis use has come into question as far as the show is concerned and he has been very vocal about his decision to abstain from use during the duration of the season. His gestures and jokes about toking throughout the season have also not been quiet. But maybe his reefer references will help change the minds of those on the fence about legal cannabis.

When asked about his presence on the show and what it could do for the cannabis community, Tommy said, “It’s for the world in general. For all of my lifetime and all of your lifetime we’ve been at war. But anywhere there’s cannabis, there’s peace – other than the cartels, and that’s because it’s illegal. Cannabis has been used for eons as a medicine. It calms you down. The way I look at it is the sooner we legalize and make sure that everybody has access to cannabis, the sooner we’ll have a very peaceful, intelligent world. That’s what I represent and that’s what I’m looking for.”

 

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Since the legalization of recreational marijuana retail shops have had more green than they know what to do with. There are warehouses full of cash all over the state. Banks are too afraid of the ramifications from the federal government if they provide banking services to these LEGAL businesses.

Things are looking up for dispensaries and retail stores in the Mile High state however. A marijuana banking co-op has gotten its charter from the state and is hoping to open its doors in early 2015.

The Fourth Corner Credit Union still has a lot of hoops to jump through before they are fully operational. One of the biggest things to still happen is to get approval and insurance from the National Credit Union Administration. The credit union is getting the green light at the state level though, with the backing of Governor Hickenlooper as a notable success for the co-op.

The issue for banks and legal pot businesses across the country comes from the fact that marijuana is illegal according to the feds and in order for a bank to do business they need to be insured by the federal government. This conundrum forces pot shops to store ridiculous amounts of cash, pay all their bills in cash, including payroll and they can’t offer credit card services to their customers. Not to mention the bookkeeping headache is causes. Storing large amounts of cash means dispensaries need to pay for beefed up security to protect all their green.

This isn’t the only attempt to find a solution to the banking nightmare in Colorado since 2011. Most recently, at the of the May legislative session, a complicated bill was passed. The bill in the words of Rep. Jonathon Singer, “creates a financial-services cooperative for the marijuana industry that’s otherwise up until this point been unbanked. It gives businesses the opportunity to form a cooperative that works like a credit union, but with even more scrutiny — and no federal insurance.”

The Fourth Corner Credit Union isn’t related to the bill that passed. The Credit Union follows standard state credit union licensing, instead of needing approval by the federal government.

The Credit Union is hoping to open up for business January 1. Approval from the NCUA will likely still be pending at that time, but it they are allowed under state law to open for business with licenses still pending. Board Members for the Fourth Corner Credit Union are: Heather Jackson, of the Realm of Caring Foundation (the group behind Charlotte’s Web); Paige Figi, mother of the now-famous poster child for juvenile medical cannabis, Charlotte Figi (namesake for Charlotte’s Web); and Kristi Kelly, founder and CEO of Good Meds, other board members also include a real-estate broker, a disabled veteran and a PR agent.

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Star Wars: Episode VII – The Force Awakens Official Teaser Trailer #1 (2015) – J.J. Abrams Movie HD

A continuation of the saga created by George Lucas set thirty years after Star Wars: Episode VI – Return of the Jedi (1983).

At the Wolf of Weed Streets request and our GREAT pleasure we have posted the BRAND NEW Star Wars: Episode VII – The Force Awakens Official Teaser Trailer #1! My friends Chrismahanukwanzakah just came early! ENJOY…

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You’ve probably heard about Black Friday since the end of summer.  It’s one of the biggest “shopping holidays” of the year but there’s something way different this year than any year in the history of Black Friday…MARIJUANA IS LEGAL! (well, in some states).  In a recent post in the Denver Gazette, marijuana retailers in Colorado are going after holiday shoppers using traditional Black Friday campaigns.

A Denver based weed shop, The Grass Station, told The Gazette that they will be selling an ounce of marijuana for $50 (about a fifth of the cost of the next-cheapest strain at the Colorado dispensary) to the first 16 customers in line Friday, Saturday and Sunday; the quintessential “Doorbuster Deal”.

But don’t look for pot shops to open at 10PM on Thursday and stay open until Friday night.  The Grass Station expects to open its doors at 8AM on Friday…this is weed after all and since you can’t technically give it away as a gift, most people won’t be fighting tooth and nail to get their own ounce of snow white and most Black Friday “action” is based on shopping for gifts.

The downside to this is that these dispensaries can’t really do traditional “media blitz” style campaigns.  In a Bloomberg article, Mike Elliot, executive director of the Marijuana Industry Group, said that outdoor advertising, billboards and most mass marketing for weed are prohibited.  The Marijuana Industry Group is a trade association representing 30 owners with 200 store licenses.

In any case, dispensaries will be looking to take full advantage of the Black Friday.  Aside from the steals and deals, some shops are taking a more “exclusive” angle to the holiday shopping season.  Certain businesses like Colorado Harvest and Evergreen Apothecary have a special strain release timed just for the season.  In an article from the Associated Press, spokeswoman Ann Dickerson says they’re “sort of like the best bourbon or Scotch that will be competing on quality, rather than price.”

So whatever your taste and preference, the newest “Green Friday” trend could be just the right way to kick off your Holiday Shopping season…just do it in a state where it’s legal :)

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