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VPR Brands

VPR Brands, LP (VPRB) Files Annual Financial Statement (10K) After Market Close On Monday 4-17-2017

Click Here: VPRB10K For Full 10K Filing

About VPR Brands LP:

VPR Brands is a technology company; whose assets include issued U.S. and Chinese patents for atomization related products including technology for medical marijuana vaporizers and electronic cigarette products and components. The company is also engaged in product development for the vapor or vaping market, including e-liquids, vaporizers and electronic cigarettes (also known as e-cigarettes) which are devices which deliver nicotine and or cannabis through atomization or vaping, and without smoke and other chemical constituents typically found in traditional products. For more information about VPR Brands, please visit the company on the web at www.vprbrands.com.

Pursuant to an agreement between MAPH and VPRBrands, we were hired for a period of 90 days to publicly disseminate information about (VPRB) including on the Website and other media including Facebook and Twitter. We are being paid $45,000 (CASH) for or were paid “ZERO” shares of unrestricted or restricted common shares. We own zero shares of (VPRB) which we purchased in the open market. We may buy or sell additional shares of (VPRB) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. PLEASE READ OUR FULL PRIVACY POLICY & TERMS OF USE & DISCLAIMER

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There are dozens of medical marijuana dispensaries in cities across Michigan, and Detroit has 61 marijuana shops open for business. However, by this time next year, the landscape for marijuana around the state could be completely different. That’s when the state will start officially handing out licenses to cultivators, testing facilities, transporters, and dispensaries.

The state Department of Licensing and Regulatory Affairs (LARA) is beginning to gear up for the task of regulating a new, and potentially very lucrative, business in the state. The medical marijuana business is projected to generate revenues of more than $700 million, and if a ballot proposal goes to voters in 2018 and the market is opened for recreational use, too, those revenues will easily surpass $1 billion. Shelly Edgerton, director of LARA stated, “Most states have had two years to get this going. For us, this is a huge endeavor.”

Andrew Brisbo, who has served as LARA’s licensing division director, has been named as the director of the newly created Bureau of Medical Marijuana Regulation. He will be in charge of the department that could grow to nearly 100 employees who investigate all license applicants and ultimately regulate the medical marijuana business and administer the system that tracks medical marijuana from seed to sale.

LARA approved a $447,625 contract with a Florida based company to provide the monitoring system. They also provides a similar service to Colorado, which was the first state to legalize recreational marijuana. Right now, there are 240,000 people who have gotten medical marijuana cards that allow them to use weed legally to treat a variety of conditions. They are served by 40,000 state-approved caregivers, who can grow up to 12 plants for each patient and who are allowed up to five patients each.

The new law keeps that system in place but also creates five categories of medical marijuana licenses for cultivators of up to 1,500 plants, testing facilities, transporters, dispensaries and the seed-to-sale tracking. The dispensaries will be taxed 3 percent on their gross receipts, and that money will go back to the state and local communities. The state is still coming up with an application and licensing fee schedule, which will cover the cost of regulating the industry, an estimated $18.6 million, according to Governor Rick Snyder’s budget proposal for the department.

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CBD oil, a hemp derivative, could be the next treatment for your chronic, acute seasonal allergies. For some time now, self-medicating people have been aware that CBD oil works as a powerful treatment for asthma and COPD by suppressing the symptoms that lead to an attack. Now there is a paper in the journal Pulmonary Pharmacology and Therapeutics to back them up: CBD treatments have proven to stop the decrease of airway flow and make breathing easier. Furthermore, when an allergen was introduced into the subjects, CBD oil helped control the production and behavior of mast cells; the white blood cells that freak out when an allergen enters your body and produce histamines, the part of our immune system that provide the classic effects of allergies: sneezing, rashes, itching, coughing, all the fun stuff.

Other benefits of cannabinoids for allergy sufferers: control inflammation, open the sinus passageways, relieve nasal pressure, manage pain, and induce calmness and sleep. Histamine production is also kicked up when we are super-active or stressed out, but it is mellow when we are mellow, and pretty much stops when we sleep. And remember, CBD is the compound in cannabis that doesn’t get you high, meaning there’s no reason it can’t serve as a regular treatment for these issues. However, if you have the day off, do consider the “entourage effect.” When THC and CBD work together, they both do a better, more complete job. CBD oils or edibles with as little as 3 percent THC will induce this effect without getting you too high.

If you are feeling the effects of spring already starting to kick in, consider blending some locally grown whole-plant CBD-rich oil with a hyper-local honey at a dosage level that allows you to take half a teaspoon a day. Antimicrobial and antibacterial, honey has been used as a medicine for thousands of years. Hyper-local honey is created by bees in your city, maybe even your neighborhood, and it contains the pollens you are breathing in daily and possibly reacting to. Taking small doses of honey containing these local pollens can, for some, act as an inoculation against those allergens, reducing or eliminating your reactions to them.

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    Video not working? Use this link https://www.youtube.com/zB4I68XVPzQ

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    Oregon state legislators who fear elevated marijuana enforcement by federal agents recently approved a bill to protect marijuana users from having their identities or buying habits from being divulged by the shops that make buying pre-rolled joints and “magic” brownies as easy as grabbing a bottle of whiskey from the liquor store.

    The bipartisan bill would protect marijuana consumers by abolishing a common business practice in this Pacific Northwest state where marijuana shops often keep a digital paper trail of their recreational pot customers’ names, birthdates, addresses, and other personal information. The data is gleaned from their driver’s licenses, passports, or whatever other form of ID they present at the door to prove they’re at least 21 as required by law.

    The data is often collected without customers’ consent or knowledge. It is stored away as proprietary information the businesses use mostly for marketing and customer service purposes, such as linking their driver’s license number with every pot product they buy so dispensary employees are better able to help out during their next visit.

    The measure that passed 53-5 now heads to Democratic Governor Kate Brown, who is expected to sign it into law. It would bring Oregon statutes in line with similar laws already in place in Alaska and Colorado and self-imposed industry standards in Washington state. The only other three U.S. states were where recreational marijuana is actively sold in shops to consumers of legal age. State Representative Carl Wilson, a Republican who helped sponsor the bill said, “Given the immediate privacy issues, this is a good bill protecting the privacy of Oregonians choosing to purchase marijuana.”

    Upon the proposal signing into law, Oregon marijuana retailers would have 30 days to destroy their customers’ data from their databases and would be banned from such record-keeping in the future. Recreational marijuana buyers could still choose, however, to sign up for dispensary email lists to get promotional coupons or birthday discounts. The bill’s provisions do not apply to medical marijuana patients.

    Oregon’s move was one of the first major responses to mixed signals about President Donald Trump administration’s stance on the federal prohibition on marijuana, which is legal for recreational use in eight states plus Washington, D.C., and legal for medical purposes in more than half the country.

    Worries began in late February when White House spokesman Sean Spicer first signaled a restriction may loom on recreational marijuana. A few weeks later, U.S. Attorney General Jeff Sessions said medical cannabis has been “hyped, maybe too much” and is “only slightly less awful” than heroin. Trump, however, has previously suggested the marijuana issue should be up to the states.

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    Some residents believe industrial hemp could be Alaska’s new cash crop with the passing of hemp legislation. Hemp advocate, Jack Bennett stated, “This is a soilless hemp growing medium, they are an industry overseas. Eighty percent of the micro greens grown in Europe and Asia are grown on these soilless hemp growing mediums.” According to Bennett there are around 2,500 products already made from hemp. The plant can be turned into paper, textiles, cement, building materials, and even biodegradable plastic.

    New legislation is currently underway to make growing hemp legal in Alaska. This could open thousands of new opportunities for farmers in the last frontier. Bennett said, “In approximately a hundred day harvest on a hectare of land, it’s enough of the woody core of the hempstock that produces the insulation material, to build a thousand square foot shell, the cost is comparable to building with modern building materials.”

    Bennett, who is building his own hemp home, says insulating with the plant will save thousands in heating costs. Bennett stated, “The savings is in your energy. You will lower your heating cost by at least seventy percent.” During the recent senate discussions, State Senator Shelly Hughes mentioned hemp’s therapeutic value. She said, “Not only farmers and ranchers in our state, but a number of other people were interested in developing, using oils to develop medications, lotions, soaps.”

    A cannabinoid found in hemp, CBD, can have powerful anti–inflammatory, antiepileptic, antidepressant, sleep aid, and muscle relaxing effects. The proposal to legalize industrial hemp still needs to pass in the house and be approved by the governor. Bennett is optimistic of the outcome and believes hemp could be a game changer for Alaskans. Bennett said, “This plant is the tree of life that keeps on giving and giving. This plant’s fiber technology enables us to reverse our harm on earth, and at the end of the day, it enables us to make money. This is not just for our generations but our children’s future and the generation after that.”

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    The Missouri House passed a measure that would legalize the growing and production of hemp for purposes like soap and rope for the third year in a row. However, its fate is likely to be the same as before: A slow death in the Senate due to the short time left in the 2017 session and the bill’s low priority for Republicans running the chamber.

    The Missouri Farm Bureau also strongly opposes House Bill 170, and sent individual letters to every member of the House before Monday night’s 126-26 vote. An excerpt from the letter says the measure does not comply with the 2014 federal farm bill:

    “The Agriculture Act of 2014 allows for the production of industrial hemp, but only by state departments of agriculture, those licensed by state departments of agriculture to conduct research under an agricultural pilot program, and institutions of higher education. We do not believe the Act permits unrestricted production of industrial hemp by any individual licensed by a state department of agriculture.”

    But GOP bill sponsor Representative Paul Curtman of Pacific said his bill meets the requirement of being classified as a pilot program. He stated, “The memo that they put out was written by a bunch of bitter bureaucrats at the federal level who are upset that the U.S. Congress, in a stroke of constitutional righteousness, took something and turned it all the way back over to the states for the states to promulgate their own rules.”

    Industrial hemp production is legal in 31 states, including Illinois. The few House members argued that legalizing hemp would complicate drug enforcement efforts. Hemp is the same species of plant as marijuana, but lacks the psychoactive compounds. However, it can be used to make cannabis oil, which is legal in Missouri to treat certain epileptic conditions. Representative Tila Hubrecht, R-Dexter stated, “The hemp is still the cannabis plant, and there’s THC in every part of the cannabis plant. Even small amounts can cause intoxication.”

    Hubrecht also claimed hemp fields can be used to hide illegal marijuana production, which fellow Republican Jay Barnes of Jefferson City balked at. He said, “Only an absolute idiot would go get a license to grow this, and then risk all of their capital and their freedom to do something, knowing they’re going to be monitored the whole time.”

    But hemp’s close relation to marijuana remains an obstacle in the Senate, according to Republican Rob Schaaf of St. Joseph who is sponsoring one of two hemp-legalization bills. He stated, “When there are senators who believe that anything that has to do with a marijuana plant is bad, and they’re reticent to change their views, they’re not going to give in. I wish that they would, but I don’t see it happening.”

    Republican Senator Brian Munzlinger of Williamstown sponsored the other Senate hemp proposal, which has received a public hearing, thanks mostly to his also chairing that chamber’s agriculture committee. However, he admits that its chances for passage are slim. He said, “It looks like everything is taking a long time on the Senate floor, and I don’t know if it’s a real priority of leadership to get it through.”

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    Medical marijuana advocates who came up empty at the South Dakota Legislature and ballot box are emboldened to try again after an overwhelming vote in North Dakota to make marijuana available to patients there.

    Supporters of the South Dakota effort hope to soon gather enough signatures to put the question on the November 2018 ballot after the strong showing last fall in North Dakota, where 64% of voters supported a similar plan. Melissa Mentele, founder and director of the group advancing the measure stated, “If North Dakota can pass it at that great of a margin, I’m absolutely positive South Dakota can also. It definitely looks good for us.”

    New Approach South Dakota’s proposal would allow patients with serious medical conditions and a health practitioner’s recommendation to use marijuana. Qualifying patients would be able to get a registration card to possess up to 3 ounces of the plant. The group also plans to pursue a recreational marijuana initiative.

    The Republican-held Legislature has been reluctant to support medical cannabis. However, legislators this year did approve a law to allow people with a prescription to use a non-intoxicating compound found in marijuana if it’s approved by the U.S. Food and Drug Administration. Medical marijuana initiatives in South Dakota have failed at the ballot box at least twice since 2006. Last year, the secretary of state’s office said backers didn’t turn in enough valid signatures to get on the ballot.

    Mentele said volunteers have jumped from about 25 six months ago to more than 190. She said the group now has a petition training system with a test at the end for volunteers and is hoping to raise about $25,000 for signature gathering. They would have to submit nearly 14,000 valid signatures to the secretary of state by November 2017 to get on the ballot. Fargo financial planner Rilie Ray Morgan headed the shoestring North Dakota initiative campaign. He said supporters used press reports, Facebook and a couple small television advertising buys to help get their message out.

    North Dakota legislators are working on new rules governing the use of medical marijuana after the citizen initiative passed. Morgan said that if South Dakota advocates show how medical marijuana can help patients and their neighbors and relatives, even people in rural, more conservative communities will vote for it. He said, “I don’t think South Dakota is all that dissimilar to North Dakota.”

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    The most recent proposal for marijuana before Congress would place the drug as a Schedule III substance, a classification shared by Tylenol with codeine, ketamine, and dronabinol. Two Florida congressmen, Republican Representative Matt Gaetz and Democratic Representative Darren Soto, introduced legislation that would transfer marijuana to Schedule III of the Controlled Substances Act from its current standing as a Schedule I substance, the strictest of the classifications.

    Having marijuana on a lower scale would uphold the rights of states that have legalized the the use of it medically, allow for banking activities, and create a clearer path for research, Gaetz stated, “I have supported cannabis reform as a state legislator, and I want to see the people that I fought for in my state have access to a legal, high-quality product that’s been well-researched.”

    When Gaetz was a state legislator in 2014 and 2015, he backed legislation to legalize “non-euphoric” marijuana for medical use and a proposal to allow terminally ill patients to access full-strength, non-smokeable cannabis. Both were signed into law. Prior to those efforts, Gaetz stood in opposition to medical marijuana proposals. What changed, he said, was watching Doctor Sanjay Gupta’s CNN special report, “Weed,” which chronicled the stories of medical marijuana patients and the challenges of medical research.

    After watching the series, Gaetz said he thought that “somebody should do something about that.” He stated, “Until, I realized I could do that.” If successful, the yet-to-be-named House Bill 2020 would not affect recreational marijuana businesses in operation. Gaetz said The legislation is aimed at bolstering research and creating an economic boost by allowing medical marijuana dispensaries to bank openly. He said, “It’s a modest step forward to try to find the most possible common ground. I’ve seen that work.”

    Marijuana’s Schedule I status has resulted in limitations for research. Federally approved studies have to utilize a marijuana study drug grown by University of Mississippi, the only federally approved cultivator. Researchers have long argued that the study the does not accurately represent the potency and strains available to consumers in dispensaries. In August, the Drug Enforcement Administration announced it would allow privately operated cultivators to apply to grow marijuana for research, and several companies have started the application process.

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    In a recent memo sent to the United States attorneys, Attorney General Jeff Sessions said a task force within the Justice Department will evaluate marijuana policy as part of a larger review of crime reduction and public safety. The Department’s Task Force on Crime Reduction and Public Safety will “identify ways in which the federal government can more effectively combat illegal immigration and violent crime, such as gun crime, drug trafficking, and gang violence,” according to the memo issued Wednesday.

    Sessions wrote that subcommittees of the larger task force will “undertake a review of existing policies in the areas of charging, sentencing, and marijuana to ensure consistency with the department’s overall strategy on reducing violent crime and with Administration goals and priorities.” In the memo, Sessions indicated that he has asked for recommendations by July 27. He has also directed the task force to hold a “National Summit on Crime Reduction and Public Safety” within the next 120 days.

    Since taking on the role of Attorney General in January, Sessions has included marijuana in his speeches about cracking down on illegal drugs, saying, “experts are telling me there’s more violence around marijuana than one would think.” He has also been reluctant to draw a distinction between medical and recreational marijuana, noting he is “dubious” of medical marijuana. If the Justice Department is reviewing existing policies, that would presumably include the 2013 Cole memorandum.

    Sessions has previously said that the Cole memorandum set up policies “about how cases should be selected in those states and what would be appropriate for federal prosecution, much of which I think is valid. I may have some different ideas myself in addition to that.” In an interview with conservative radio talk show host Hugh Hewitt on March 9, Sessions reiterated that “marijuana is against federal law, and that applies in states where they may have repealed their own anti-marijuana laws. So yes, we will enforce law in an appropriate way nationwide.” He did temper that statement with the warning that, “it’s not possible for the federal government, of course, to take over everything the local police used to do in a state that’s legalized it.”

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