Marijuana Sector News

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Surna Reports 2015 Second Quarter Results

Surna Inc. (SRNA), a technology company that engineers state-of-the art equipment for controlled environment agriculture (“CEA”) with special expertise in cannabis cultivation, has announced financial results for the three and six months ended June 30, 2015.

For the six months ended June 30, 2015, the Company reported gross revenues of $2,548,845 compared to $346,559 for the same period in 2014, an increase of 635%. Revenues for the three months ended June 30, 2015 were $1,677,950, up from $870,895 in the previous quarter, and more than quadruple the $346,559 in revenue during the same period in 2014.

Similarly, deferred revenue increased to $1,423,321 from $408,199 at year end, a 249% increase. Deferred revenue represents contracts that are in progress, as the Company does not recognize revenue until the contract is completed.

Surna continues to move toward profitability.  The net loss for the three and six months ended June 30, 2015 was $976,610 and $2,395,053, respectively compared to $2,121,567 and $2,175,174, respectively for 2014.

In the first six months of 2015, Surna continued to expand its technology portfolio by investing $309,443 in research and development, up from $7,768 in 2014.

The Company also believes brand awareness is important to build a company in a nascent industry. Surna spent $175,454 for advertising and marketing in the six months ended June 30, 2015 compared to $78,351 in 2014 to advance its products and brand recognition.

General and administrative expenses were relatively flat from Q1 of $803,742 to Q2 of $821,030 while increasing revenues 93% quarter over quarter.

The Company finished the second quarter with a balance sheet that included liquid assets (cash, accounts receivable, inventory and prepaid assets) of $1,890,048, an increase of 33% over last year end of $1,405,913.

“We are very excited about the strong revenue numbers which demonstrate our ability to execute and deliver valuable products to a rapidly expanding industry,” said Doug McKinnon, Surna’s CFO. “By continuing to meet demand with our current product offerings and expanding our opportunities with new products, we are confident in our future prospects.”

As announced on August 13, 2015, Surna will host an investor conference call on August 20, 2015, at 4:45pm EDT/1:45pm PDT. Current and potential shareholders may participate by calling 1-800-829-7603 and entering conference code 7627746# when prompted by the system.

About Surna:

Surna, Inc. (www.surna.com) develops innovative technologies and products that monitor, control and or address the energy and resource intensive nature of indoor cannabis cultivation. Currently, the Company’s revenue stream is based on its main product offerings – supplying industrial technology and products to commercial indoor cannabis grow facilities.

Headquartered in Boulder, CO, Surna’s diverse engineering team is tasked with creating novel energy and resource efficient solutions, including the Company’s signature water-cooled climate control platform. The Company’s engineers continuously seek to create technology that solve the highly specific demands of the cannabis industry for temperature, humidity, light and process control.

Surna’s goal is to provide intelligent solutions to improve the quality, the control and the overall yield and efficiency of CEA. Though its clients do, the Company neither produces nor sells cannabis.

Safe Harbor Statement

This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company’s Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan” and other similar expressions. Our actual results, such as the Company’s ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Statement About Cannabis Markets

The use, possession, cultivation, and distribution of cannabis is prohibited by federal law. This includes medical and recreational cannabis.  Although certain states have legalized medical and recreational cannabis, companies and individuals involved in the sector are still at risk of being prosecuted by federal authorities. Further, the landscape in the cannabis industry changes rapidly.  What was the law last week is not the law today and what is the law today may not be the law next week.  This means that at any time the city, county, or state where cannabis is permitted can change the current laws and/or the federal government can supersede those laws and take prosecutorial action. Given the uncertain legal nature of the cannabis industry, it is imperative that investors understand that the cannabis industry is a high risk investment. A change in the current laws or enforcement policy can negatively affect the status and operation of our business, require additional fees, stricter operational guidelines and unanticipated shut downs.

At the Company

David Traylor
Chief Business Officer
+1 (303) 993-5271
david.traylor@surna.com

Investor Relations

David Kugelman
Atlanta Capital Partners, LLC
+1 (404) 856-9157
(866) 692-6847 Toll Free – U.S. And Canada

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American Green Implements Major Changes to ZaZZZ Network Designed to Increase Machine Usage

 American Green, Inc. (OTC PINK: ERBB) — The dispensary rollout that American Green implemented last year has not achieved a sustainable level of sales. In response, the company has substantially altered its machine’s design and marketing plan intended to bolster revenues for both the company’s deployed and future machines in the shortest possible time.

The time spent as one of America’s only companies in the cannabis vending sector has been invaluable. Historically, companies deploying vending machines assumed the responsibilities of stocking, collection, and maintenance of those units. Due to regulation in the cannabis sector, these responsibilities defaulted to the dispensary owners. Despite the company’s best support efforts, a busy dispensary cannot devote the manpower required to configure and maintain the ZaZZZ unit on an ongoing basis.

As a result of the new model a significant reduction in monthly overhead has been achieved. Internal resources are no longer required to maintain inventory levels and network connectivity at all machine locations. As with the traditional vending model, American Green affiliate employees, not dispensaries, will stock machines with high quality American Green-branded products available only when purchased from the ZaZZZ machine.

In related news, while the company recognizes the importance of maintaining an online presence with social media, we are convinced, at this time, that it is not a significant revenue-generating factor. In furthering our efforts to consolidate operations and reduce monthly overhead, all corporate communications will be now be handled internally by American Green’s Media Director.

“Navigating the entire cannabis sector has been extremely challenging due to the amount of uncertainty that remains until the federal government makes the decision to support the industry and regulatory issues are better understood. While this sorts itself out, challenges will be inevitable and when they happen it becomes necessary, from time to time, to take a couple steps back to find the best route forward. The question isn’t whether or not there will be challenges; it’s whether or not we can meet those challenges and remain a market leader a year or two from now. That’s a bet I believe we can make and win,” stated Steph Shearin, American Green’s president.

Be sure to visit the company’s website at www.americangreen.com and sign up for the company’s emails alerts to stay current on news.

Shareholders and interest holders may also stay current with American Green Updates:
Twitter: @American__Green (two underscores), or
Facebook:https://www.facebook.com/americangreenusa

NOTES ABOUT FORWARD-LOOKING STATEMENTS

Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

About American Green, Corp.

In 2009, American Green, Corp., became one of the first publicly traded technology companies in the world serving the medical cannabis industry beginning with the introduction of the company’s proprietary ZaZZZ machine developed to automate, age-verifying dispensing of cannabis-based medicines. Our mission is to remain a leader within the cannabis and industrial/medicinal hemp industry embracing innovation within all seed-to sale sectors by leveraging our team of professionals, as well as value-added companies and products. American Green is actively involved in activities that span cultivation, manufacturing and extraction, retail, and community outreach. We are challenged by this exploding new industry every day and strive to develop sustainable and responsible businesses that will thrive and endure in our constantly evolving marketplace.

Contact:
American Green, Inc.
Investor Relations
1221 W Warner Rd, Suite 103
Tempe, AZ 85284
480-443-1600 X555

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GW Pharmaceuticals (GWPH) Loss Wider-Than-Expected – Tale of the Tape

GW Pharmaceuticals (GWPH) is a biopharmaceutical company focused on developing novel treatments from its proprietary cannabinoid platform. This Wiltshire, UK-based company’s key growth driver, Sativex, is approved outside the U.S. for the treatment of spasticity associated with multiple sclerosis.

Sativex is being evaluated in a phase III study for the treatment of pain associated with cancer. The company has initiated pivotal phase III studies on Epidiolex for childhood epilepsy. GW Pharma is also developing various other cannabinoid-based treatments for indications like glioma, ulcerative colitis, schizophrenia and type II diabetes. In this scenario, investor focus remains on pipeline updates.

GW Pharma has a good earnings track record with the company delivering positive earnings surprises in three of the last four quarters with an average surprise of 55.55%.

Currently, GW Pharma has a Zacks Rank #2 (Buy), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: GW Pharma reported wider-than-expected reported quarter loss. Our consensus called for a loss of $1.30 per share and the company reported a loss of $1.60 per share.

Revenues: Revenues were ahead of expectations. GW Pharma posted revenues of $13.6 million, compared to our consensus estimate of $10 million.

Key Stats: Sativex, approved outside the U.S. for the treatment of spasticity associated with multiple sclerosis, continues to drive revenues at GW Pharma. The company is also trying to expand the label of Sativex. Sativex is being evaluated in a phase III study for the treatment of pain associated with cancer. The company has initiated pivotal phase III studies on Epidiolex for childhood epilepsy. Initial top-line data from these studies should mature around the first quarter of 2016.

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Totally Hemp Crazy Schedules Shareholder Meeting for September 26th

Update on Company Progress

Totally Hemp Crazy, Inc. (OTC PINK: THCZ) announced today that a Corporate Shareholder Meeting will be held on September 26, 2015 in Dallas, Texas. Details of the time and location of the meeting will be forthcoming.

All shareholders on record as of August 21, 2015 will be invited to attend and meet the faces behind Totally Hemp Crazy including Rhino Marketing and former Managing Director of Red Bull, Harry Drnec.

Samples of Rocky Mountain High products will be available at the shareholder meeting which will also include a sneak peek of new products that have been in development.

The Video Contest winner will be showcased as well as the new fall contest.

The new Canadian can design has been approved and production of the drinks will be scheduled as soon as the new cans have been manufactured.

The Southeast Asian order is progressing along now that the Rocky Mountain High products have arrived and have passed through customs. The samples will now be submitted with test certificates for registration and approval from the Government.

The Company has signed two new distributors which will be announced in the near future.

Jerry Grissafi, Founder of THCZ, stated, “Sales this summer have been brisk; many of our distributors are pleasantly surprised at the ease of placing the Rocky Mountain High product in many retail locations. Our international orders are moving forward steadily and we are taking advance orders on the ‘consumer friendly’ snowflake can and the new Hemp Energy Shot products. There is no doubt we will have our best quarter in company history and we project better margins now that most of the startup costs are being eliminated.”

Visit our Corporate Website at: http://www.TotallyHempCrazy.com.

Please visit our Clothing Site: http://www.rmhclothing.com

Rocky Mountain High Clothing Company is giving away a weekly RMH product to one lucky person a week! This can be anything featured here on the website or a limited edition t-shirt not sold to the general public! All you have to do to enter is send an email toweeklyrocks@rmhclothing.com

Visit us at our Facebook page: https://www.facebook.com/totallyhempcrazy

Visit Rocky Mountain High Clothing Facebook:
https://www.facebook.com/rmhclothing?fref=ts

Visit us at Investor Hangout: http://investorshangout.com/Totally-Hemp-Crazy-Inc-THCZ-69150/

Investors Hangout is the only authorized Investors blog page for Totally Hemp Crazy.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact:
Jerry Grisaffi
Founder
Email Contact

Investor Relations:
Jack Eversull
President
The Eversull Group, Inc.
972-571-1624
214-469-2361 fax
Email Contact

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Marijuana-Stocks-Cannais On The Brain

 

Recent work published researchers in Spain has just revealed more information about the neurochemical pathway that leads to cannabis’s psychoactive effects, specifically in effects on memory. Not only did they make a breakthrough in the neurochemistry of marijuana, they as well designed a facility that had the access to block THC’s impact on the memory of mice.
Since cannabinoid receptors were initially discovered by, Raphael Mechoulam and fellow associates, medical scientist have dug further to research the newly found receptor and have discovered that it has a presence all over the body, not only in the brain, In fact, two cannabinoid receptors exist: CB1 and CB2. While the CB2 receptor will retain some of its mysticism, researchers have known for some time that the CB1 receptor is the one that is accountable for the “high” in marijuana.
Yet currently neuroscientist have discovered a connection between the certain serotonin receptors and the cannabinoid system. Not only do these receptors share a section in the brain, however, activation of the 5HT2A receptor causes a release of endocannabinoids, the humans natural “darts” for the cannabinoid receptor’s “dartboard”
Moving with this train of thought, researchers in Spain made a decision to look more thoroughly into the serotonin receptor cannabinoid receptor connection, and they discovered that the two receptors are literally connected to one another. The two receptors work with each other to develop what is known as a heteromer. Receptors are on the cell wall of the neurons located in the brain however the heteromer receptor was only discovered in specific.
By conducting experiments on mice scientist discovered that THC’s impact on short-term memory is not the cannabinoid receptor’s “fault” in a manner of speaking. The connected serotonin receptor looks like the helping hand for particular psychoactive effects while the pain relief and other medical advantages of THC branch from the cannabinoid receptor.

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This was taken from a post on the FBEC IHUB board in response to some questions about #Wolfshot, summer trading and Price action… Normally I don’t comment, but figured a little clarity was needed with a few questions asked by investors/traders.

#1 Price action:

This went up almost 50% yesterday (6/29/2015) and had its biggest $volume day (6/29/2015) I have seen. Keep in mind that if your money was in a mutual fund u would be jumping up and down for 10% in a year! Stocks need to trade healthy and on big volume and percentage gain days you’d be foolish not to take $ off the table. Hold a core & trade a core and don’t chase. Be greedy about your entry not your exit.”

#2 Market Volume:

This is one of the slowest weeks of the year because of the 4 day holiday week as we just get into summer. Volume is pretty dead everywhere but doing well here today as we did yesterday.

#3 Product Lines & Launches:

I imagine that when a company works on formulations it’s never for just one product, because that’s just foolish business wise & footprint wise. Usually there is a flagship product (in this case #WolfShot) that helps roll out other products. That’s basic info you learn in your freshman year advertising and marketing class (I paid attention), but to be clear I don’t know what else they got going on, my focus is on #Wolfshot with regards to placing it, getting it sold and building a brand in this niche space.

#4 Why FBEC:

And in case you’re wondering “why this, why now,” it was simple… Hemp is completely underutilized as a product, it’s a super food and I’ve watched other beverage products (and other unrelated) rocket their sales with a much less savvy team in place. #WolfShot is one of a few Hemp Based products I am currently working with. And so you know this is important to both FBEC’s & our future roll out’s because if we execute a product launch properly then we can establish ourselves within which ever verticals we are attacking.

#5 Something to Keep in Mind:

The launching of products is a costly one from a marketing and advertising perspective and like it or not we at MarijuanaStocks.com, Wolfofweedstreet.com and our entire social media network we have a massive audience, but we aren’t afraid to spend OUR money to expand that audience and bring more awareness to a product/s we are launching in similar public/private partnerships. This is exactly why WE hired Cheryl Shuman for marketing and public relations.

Hope that clears up a few questions I felt were on the tips of your tongues… Cheers-

Wolf

 

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MIAMI, FL / ACCESSWIRE / June 29, 2015 / The newly formed team of Cheryl Shuman, MarijuanaStocks.com, and Wolf of Weed Street (the Team) are excited to announce the official launch of their first branded product, the ‘WolfShot.’ The Team has partnered with FBEC Worldwide Inc. (FBEC) to bring to market this hemp based energy shot that not only tastes great but also has all the added benefits of hemp packed into an easy to carry 2 ounce bottle. The WolfShot’s proprietary blend boasts FDA approved and CFR-21 tested ingredients that no other energy drink on the market currently has. Consumers can inquire about free samples onwww.wolfenergyshot.com, www.wolfofweedstreet.com, www.marijuanastocks.com, and www.fbecworldwideinc.com.

WolfShot holds a proprietary blend of herbal ingredients including hemp infused natural fruit extracts, probiotics, amino acids and caffeine. Typical energy drinks and caffeinated beverages can trigger spikes in blood sugar, stress levels and can even result in weight gain due to the metabolism of fat cells after consumption of traditional caffeine. FBEC Worldwide has agreements in place for exclusive use of the FDA approved new caffeine that would not only offer a healthier alternative but would make FBEC the only company allowed to make such claims with regard to the health impact of WolfShot. The exclusive formula that the company holds will also be protected from reverse engineering or being duplicated in any form.

Jason Spatafora (Wolf of Weed Street) stated, “I am excited to put my name and brand behind a product with such potential and one that I truly believe in. There is a huge market opportunity for hemp infused drinks in general and the energy shot market has proven to be extremely profitable, just ask 5 Hour Energy.”

Cheryl Shuman will be spearheading the PR efforts for the WolfShot and said, “Product placement and branding is one of my specialties. I have secured placements for products in FX’s Wilfred, CBS News, The New Ricki Lake Show, and much more. I am looking forward to getting behind a product with such an effective and unique formula.”

The Team will begin tapping into their vast networks utilizing and developing relationships to increase retail distribution and media exposure for the WolfShot. The Team anticipates the WolfShot to be revenue producing by August 2015.

Health Benefits of Hemp

-Hemp seeds are an incredible source of easily digested protein. They are vegan-friendly, and are the perfect alternative to those who are allergic to or dislike soy-based products. Hemp seeds also contain all 8 of the essential amino acids.

-Hemp seeds offer a great dose of healthy fats in an ideal ratio; 3:1 omega-6 to omega-3s. Hemp seeds also pack the Gamma Linolenic Acid (GLA) variety of omega-6 fats, which helps to build anti-inflammatory hormones up. These GLA fats can be exceptionally beneficial for those with diabetes, metabolism issues, infections, or stress.

-Hemp seeds have an abundance of disease and aging fighting phytonutrients and antioxidants such as Vitamin E.

-Hemp seeds also provide consumers with useful minerals, such as iron, zinc, calcium, phosphorous, and magnesium.

About MarijuanaStocks.com

MarijuanaStocks.com is the #1 online destination for anything and everything marijuana finance related. Whether you’re looking for the best marijuana stocks to buy, marijuana political news, trends and articles within the cannabis industry and so much more, MarijuanaStocks.com is your destination for it all. Our goal is to become the central hub for all who are seeking current Marijuana Stock News as well as cannabis industry, political and social news, articles, trends & overall insight, delivered in a way that we all can relate to and enjoy.

About Cheryl Shuman

With about 25 years of experience, Cheryl Shuman has become known as the “Martha Stewart of Marijuana.” Her success using medical cannabis led her to found the Beverly Hills Cannabis Club (http://www.BHCClub.com). Today, Cheryl is the most visible and recognizable entrepreneurs in the marijuana reform movement, recently receiving the 2013 Activist of the Year Award at Seattle Hempfest.

Cheryl has reached over 100 million viewers worldwide while appearing on such mainstream shows as CNN’s Piers Morgan Live, The Katie Couric Show, The View, ABC’s 20/20, Good Morning America, Fox Business News and many other media outlets.

Cheryl now manages a $100 million funding facility to invest in the cannabis sector as well as personal endorsement contracts with ancillary products in the cannabis industry. In a short time, Cheryl has secured product placements for products in FX’s Wilfred, CBS News, The New Ricki Lake Show, and more. Shuman lectures internationally about everything from seed to sale of the Cannabis Plant and is currently working with the prestigious William Morris Endeavor Agency in Beverly Hills for film, television, book and lecturing deals. She also serves as Senior Advisor with Investment Bankers Jacobs Securities $50 million fund to invest in to the cannabis industry.

For more information, please visit http://www.CherylShuman.com.

Contact Information:

www.marijuanastocks.com
800-539-4313
pr@marijuanastocks.com

www.CherylShuman.com
Cheryl@CherylShuman.com
310.779.4797

SOURCE: MarijuanaStocks.com

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MIAMI, FL – (PRNewswire – June 29, 2015) – www.MarijuanaStocks.com, the #1 online destination and industry leading content provider for all things cannabis, is pleased to announce a strategic partnership with cannabis pioneer and media mogul Cheryl Shuman. Cheryl Shuman will act as Head Marketing Director and manage all Public Relations and Media exposure for MarijuanaStocks.com and the Wolf of Weed Street. Shuman has tremendous experience in both the cannabis and financial media industries providing a unique ability to position this newly formed team at the forefront of the rapidly growing cannabis market.

“We are beyond thrilled to join forces with Cheryl Shuman. She is not only a testament to the positive effects of CBDs and medicinal marijuana being a cancer survivor herself, but her knowledge and networking capabilities within the industry are unmatched,” says Michael Perinotti, Co-Founder of MarijuanaStocks.com.

“Cheryl and I have always been supportive of each other’s projects and knew at some point we would collaborate. This was never a matter of “if,” it was always a matter of “when.” Expanding our footprint within the sector media wise is why we brought Cheryl on board and we look forward to working side by side on projects moving forward.” said Jason Spatafora (Wolf of Weed Street).

This newly formed team will act immediately to increase exposure and presence in the cannabis industry targeting outlets from pop culture, to financial media, to conference hosting, and even product placement.

Shuman stated, “As this industry grows, we are beginning to see strategic partnerships form as activists push to accelerate the acceptance of marijuana and I could not think of a better group of guys to partner with than the team at MarijuanaStocks.com. Their online presence and audience continues to expand and I look forward to what’s to come. The bottom line is this team has their finger on the pulse of the retail investors in the cannabis sector. Their “street cred” and influence on the market is top notch.  I just love these guys like my family!”

“The right leadership team is everything. Working with MarijuanaStocks.com, it was evident immediately that it was a perfect fit in terms of values, integrity and personality. The value of our combined teamwork’s ability to provide global celebrity and media exposure for our partnerships are priceless,” continued Shuman.

 

MarijuanaStocks.com and Cheryl Shuman will be making additional announcements regarding upcoming projects and events the team will be working on.

About MarijuanaStocks.com

MarijuanaStocks.com is the #1 online destination for anything and everything marijuana finance related. Whether you’re looking for the best marijuana stocks to buy, marijuana political news, trends and articles within the cannabis industry and so much more, MarijuanaStocks.com is your destination for it all. Our goal is to become the central hub for all who are seeking current Marijuana Stock News as well as cannabis industry, political and social news, articles, trends & overall insight, delivered in a way that we all can relate to and enjoy.

About Cheryl Shuman

With about 25 years of experience, Cheryl Shuman has become known as the “Martha Stewart of Marijuana.” Her success using medical cannabis led her to found the Beverly Hills Cannabis Club (http://www.BHCClub.com). Today, Cheryl is the most visible and recognizable entrepreneurs in the marijuana reform movement, recently receiving the 2013 Activist of the Year Award at Seattle Hempfest.

Cheryl has reached over 100 million viewers worldwide while appearing on such mainstream shows as CNN’s Piers Morgan Live, The Katie Couric Show, The View, ABC’s 20/20, Good Morning America, Fox Business News and many other media outlets.

Cheryl now manages a $100 million funding facility to invest in the cannabis sector as well as personal endorsement contracts with ancillary products in the cannabis industry. In a short time, Cheryl has secured product placements for products in FX’s Wilfred, CBS News, The New Ricki Lake Show, and more. Shuman lectures internationally about everything from seed to sale of the Cannabis Plant and is currently working with the prestigious William Morris Endeavor Agency in Beverly Hills for film, television, book and lecturing deals. She also serves as Senior Advisor with Investment Bankers Jacobs Securities $50 million fund to invest in to the cannabis industry.

For more information, please visit http://www.CherylShuman.com.

Contact Information:

www.marijuanastocks.com
800-539-4313
pr@marijuanastocks.com

www.CherylShuman.com

Cheryl@CherylShuman.com :: 310.779.4797

SOURCE: MarijuanaStocks.com

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As the deadline approaches for marijuana growers to submit applications to attain one of five licenses to supply the state of New York the new cannabis industry in New York has picked up the support of many influential hospitals.

On Sunday, the New York Times reported that while the State Health Department was not ready to show the list of applicants, various hospitals have come forward to announce that they have established partnerships that will let them prescribe medical marijuana to their patients if they are granted a license.

One of the facilities, North Shore-Long Island Jewish Health System, shows that they have partnered up with Silverpeak Apothecary; a medical marijuana company located in Colorado, to create a new company called, Silverpeak NY. The purpose of this partnership, according to the hospital’s chief executive, Michael Dowling, is to make sure their patients have access to medicinal marijuana.

Dowling quoted, North Shore-L.I.J. “recognizes the importance of our patients having access to every legal option to manage the symptoms of their illness, if there is clinical evidence to support marijuana’s use for the condition.”

Multiple major medical organizations announced that they are planning to provide medical marijuana as part of their health services. The University of Rochester Medical Center and Manhattan’s Mount Sinai Health System told the NY Times that they were currently negotiating with companies that have applied for a license in order to supply medical marijuana to their facilities assuming these facilities are granted approval.

Although the organization did not get into details, the NY Times suggests that The Greater New York Hospital Association has also filed an application hoping to be granted the right to be apart of the state’s medical cannabis program.

Only five producers, which possibly can be announced this month, will be awarded the opportunity to cultivate and sell medical marijuana in the state of New York. These particular five companies will be granted permission to open four dispensaries across New York, with medical marijuana being accessible to patients by the start of 2016.

Unluckily, while there is a great excitement and energy surrounding the business side of this program, the brass tacks of medical marijuana in NY only permit patients who are suffering from only 10 qualified conditions to granted to access to medical marijuana. Majority of supporters, however, agree that while the program is not picture perfect, they feel confident that the approved list of conditions and diseases will most likely expand once the program has time to develop.

Future legislation in Oregon is tackling concerns that hemp production in the state could have an effect on marijuana plants by requiring a minimum buffer zone between areas marked off for cultivation of industrial hemp and cannabis grow sites. Marijuana advocates are worried that cross-pollination with low THC hemp.

Marijuana advocates fear cross-pollination with low-tetrahydrocannabinol hemp, primary state legislators to take up this issue. On the other side, hemp advocates state, it is a two-way street, and the current bill unfairly singles out hemp farmers while doing less to fix broader concerns of cross-pollination on both sides of the spectrum.

Courtney N. Moran, L.L.M an Oregon attorney who advocates for agricultural industrial hemp stated, “The whole conversation in the media has been relating to cross pollination between hemp and marijuana, but a second part to that conversation is that marijuana can also cross pollinate with hemp.”

“Industrial hemp growers are concerned if a high-THC strain [pollinates their plant] it could affect its THC concentration,” Moran quoted. Industrial hemp is required to have less than 0.3% THC to differentiate it from marijuana, which has much higher THC levels, according to state law.
There are 13 licenses given to hemp growers in Oregon, eight have started production. The House Bill 2668, addresses a 5-mile buzzer zone between hemp and marijuana farms. The proposed bill would ban the governing bodies of Douglas, Josephine and Jackson Counties, all located in Southern Oregon- from assigning areas zoned for cultivation and growing of the industrial until Jan. 1, 2021.
Walker feels there are ways to attack the issue of production of both forms of cannabis without constraining one grower or another, He quoted, and “They can coexist It’s just going to take responsible growers.”

Moran recently proposed that he feels the buffer zone should be 3.5 miles, 0.4 miles more than the buffer zone between hemp farmers in Canada, which has been successfully producing hemp for over 10 years. “I think 5 miles is unnecessarily restrictive,” Moran quoted. “Because hemp cultivators in Canada do not want cross-pollination of their plants they have a maximum isolation of 3.1 miles and they don’t seem to be having any issue.”

Moran addresses the buffer zone of 3.5 miles can only be effective if male cannabis plants are being grown outside. If female plants are being grown outside, then in result a buffer zone is not required. “If you’re a responsible farmer, then cross pollination won’t happen,” she said. “But people are afraid. No industrial hemp farmer has any intention of impacting medical marijuana plants. Everyone is concerned about patients and making sure they have access to medicine.”

The bill is now in process in the House Committee, as legislators will continue to address proposed amendments. When evaluating amendments to the bill Moran quoted, “We really need to be focused on what is best for the plant—not what is good for one use or another,” and “The genus Cannabis is an invaluable renewable resource, and we need to think about how we can use this to help everyone.”

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