Become A Featured Company

Marijuana Weekly Roundup: Is Cannabis Delivery The Next Big Thing?

Spencer Schredder

June 18th, 2014

Top News

Colorado Approved The Largest State Funded MJ Resarch Grant Ever

A new grant system in Colorado is handing out up to $9 million in funding for medical marijuana research. This will be the largest state funded research product on the plant, and Dr. Larry Wolk, executive director and chief medical officer of the Colorado Health Department, wants to “make sure that what’s happening out there in everyday practice isn’t harming people.”

The research will focus on the effects medical marijuana has on med-card qualifying conditions.”Our intent is to be rigorous scientifically,” Wolk said, “but to also act with some expediency because these are products that a large percentage of our population is using today.”

Marijuana Will Fly Off The Shelves In Washington This Summer

Washington’s recreational legalization of marijuana became official on June 1st, but no retail marijuana has been sold yet. When the product does hit the shelves in early July, however, don’t expect it to last long.

Related: So-Called Marijuana Stock VPCO Up-Lists Onto Major Exchange

Attila Soos, owner of one of the largest licensed grow operations (Verdavanti), said that  “there’s just no way it’s not going to sell out. We’ll have product for retailers as long as they are licensed. We expect things to start rolling out July 1st, but it is safe to assume that not all retailers will receive their license July 1st, so you’ll likely see our products being rolled out in weekly phases across the state.” Soos also noted that “there is no real feasible way to meet the demand at this point.”

Delivery Weed?

Students from the University of Washington presented Canary to the crowd at TechCrunch Disrupt in Seattle last Thursday night, winning the event’s audience choice winner.

Canary is a location-based services app that will connect marijuana users with dispensaries — that will then deliver cannabis to the consumers house.

Business Insider referred to the service as the “Uber for Marijuana Delivery” and, similar to Uber, the company might face a few legal roadbumps. The app is yet to launch, because the founders want to be sure it will operate as a legal middleman for consumers and registered dispensaries before it downloads.

Top GOP Donor Contributes To A Seemingly Losing Cause in Florida

The CEO of Las Vegas Sands Corp (NYSE: LVS), Sheldon Adelson, contributed $2.5 million to the Drug Free Florida Committee — to help fight an upcoming ballot initiative that would legalize medical marijuana in the state of Florida. The reform group that is pushing for the Amendment 2, United for Care, has over $4 million in backing, as well as 90 percent of Floridians in support of the amendment.

Adelson is on the the Republican Party’s largest donors, throwing over $150 million behind various (many losing) GOP candidates in 2012.

Drugged Driving Deaths Have Tripled in The Last Decade

Columbia University Researchers performed toxicology exams on the victims of almost 24,000 driving fatalities, and marijuana was reportedly involved in 12 percent of all traffic deaths. The figure is triple the statistic of a decade earlier. Drugged driving is somewhat more  common among teen drivers, with one in eight high school seniors admitting to driving after smoking marijuana in 2010.

These topics and much more will be discussed at the upcoming WeedStock Conference.

Tickets for WeedStock are very limited– investors in the cannabis industry should register as soon as possible. Benzinga readers can get $249 off a three-day pass with coupon code “CANNFN”.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Spencer Schredder

Mr. Shredder has over a decade of experience in the financial markets as both a private investor and financial journalist.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading