Investors Gather to Fund Most Promising Marijuana Industry Companies in Seattle 4/29

On Monday, April 29, 2013, more than 40 high-net-worth investors from around the world will gather in Seattle to hear pitches from the top entrepreneurs in the hot, new legal cannabis industry. The private event is hosted by The ArcView Investor Network. A news conference to announce some of the first funded deals will be held immediately after the investor meeting.
The ArcView Investor Network includes billionaires, technology entrepreneurs turned investors, small venture capital firms, former Microsoft executives, real estate moguls, large donors to marijuana policy causes, and owners of the biggest companies in the cannabis industry.
“Cannabis is the next great American industry,” said ArcView co-founder and CEO Troy Dayton. “Now that a majority support legalization, a geyser is about to go off. The question is: which companies will be seated on top of it? That is what’s being decided at this investor event.”
Companies are vying for investments to make their business dreams come true. These include cannabis packaging, a handheld vaporizer, a transdermal patch that purportedly can stop the psychoactive effects of cannabis, a machine that makes a hash oil and other cannabis concentrates, and more. High-tech companies looking for investors include companies that make better grow lights, a mobile app for retailers, and even a crowdfunding platform.
The format of the event is similar to the one employed in the popular television show, “Shark Tank.” Entrepreneurs will each have an exhibit table outside of the pitch room and be called in one at a time to pitch the investors who will pepper them with tough questions.
 
Full Article:
http://online.wsj.com/article/PR-CO-20130424-916906.html?mod=googlenews_wsj

Phoenix’s first medical marijuana dispensary opens

By FOX 10 News – Staff Report

 
The first licensed medical marijuana dispensary in Phoenix will serve its first customers on Wednesday.
Bloom Sky Train had originally planned to begin serving customers on Saturday, but a computer server run by Arizona Department of Health Services was down and they were unable to sell anything.
The dispensary is located next to Phoenix’s new Sky Train Terminal and the 44th Street light rail station.
 
Full Article:
http://www.myfoxphoenix.com/story/22064048/2013/04/24/phoenixs-first-medical-marijuana-dispensary-opens-wednesday

John Boehner’s Daughter to Marry Rastafarian in Delray Beach!

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John Boehner's family
House Speaker John Boehner’s daughter Lindsay (right), his wife Debbie and youngest daughter Tricia watch a vote in the House (Special to Gossip Extra)
 
The daughter of Republican biggie John Boehner is scheduled to be married May 10 in Delray Beach — to a local yokel with a drug arrest on his record!
Lindsay Boehner, the anti-pot U.S. House Speaker’s eldest daughter, is getting ready to make babies with Jamaica-born construction worker Dominic Lakhan, according the Boca Raton-based National Enquirer.
 
John Boehner
John Boehner, on Meet The Press (NBC Photo)
 
And the 38-year-old groom was once arrested by sheriff’s deputies for — . . . wait for it! . . . — POSSESSION OF MARIJUANA!
 
Full Article:
http://gossipextra.com/2013/04/24/john-boehner-daughter-drugs-marriage-delray-beach-2537/

New Wash. legal pot law jeopardizes prosecutions

By GENE JOHNSON
 
SEATTLE — Prosecutors and crime lab scientists say a little-noticed provision in Washington’s new law legalizing recreational marijuana has jeopardized their ability to go after any pot crimes at all, and they’re calling for an immediate fix in the Legislature.
The group is suggesting a change in the legal definition of marijuana, and they have the support of the Seattle lawyer who drafted the initiative.
The problem stems from a part of the law meant to distinguish marijuana from industrial hemp, which is grown for its fiber. The law defines marijuana as having more than 0.3 percent of a certain intoxicating compound, called delta-9 THC.
Scientists with the state crime lab say that often, even potent marijuana can have less than 0.3 percent. It’s only when heated or burned that another compound, THC acid, turns into delta-9 THC and the pot achieves its full potency.
“When you smoke it, it would be very potent, but before that, it would be considered hemp under the law,” said Erik Nielson, standards and accountability manager for the Washington State Patrol Crime Lab’s Forensic Lab Services Bureau.
That means that if people get caught with more than an ounce of marijuana – the amount adults are allowed to have under the law – or if police bust illicit grow operations, prosecutors might not be able to prove the plants or material seized meets the definition of marijuana.

Read more here: http://www.bellinghamherald.com/2013/04/24/2980876/new-wash-legal-pot-law-jeopardizes.html#storylink=cpy

 
Full Article:
http://www.bellinghamherald.com/2013/04/24/2980876/new-wash-legal-pot-law-jeopardizes.html

North Carolina Senate blocks testing themselves when passing welfare drug testing bill

By David Edwards
North Carolina Republican state Sen. Jim Davis (NC Legislature)
 
Republicans in the North Carolina state Senate on Monday pushed through bill that would strip public benefits like food stamps and job training for people who fail a drug test.
In 35-15 vote largely along party lines, senators passed SB 594. A single Democrat voted for the bill, and no Republicans voted against it.
The bill requires those applying for benefits to pay for their own drug tests. Applicants who test negative would be eligible to have the costs of their tests reimbursed. The policy could cost the state more than $2.1 million.

At the same time, senators rejected an amendment offered by Democratic state Sen. Gladys Robinson that would have drug tested lawmakers, the governor and cabinet secretaries.
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San Diego City Council goes backwards on medical marijuana

By CityBeat Staff

editorialA patient decries Tuesday’s raid.
– Photo by David Rolland
Man, talk about getting dissed. For all the effort San Diego Mayor Bob Filner put into proposing a new way to make storefront medical-marijuana dispensaries legal, and after more than three hours of public testimony on Monday, the City Council essentially ignored Filner’s proposal and reverted to a plan that failed two years ago. Led by Councilmember Marti Emerald, a Democrat, the council told the City Attorney’s office to bring back an ordinance that the council passed—and then rescinded—in 2011, so that it can be used as the template for another try.
But here’s the head-scratcher: The 2011 ordinance was rescinded because advocates for medical marijuana, who thought the proposal made it too hard for many people to get access to the herb, collected enough signatures to put a repeal measure on the ballot, and the council decided to give up rather than pay for an election. Not only is the council going back to that failed effort; it sounds like the council’s planning to make it even more restrictive this time.
What’s going on here? Do council members believe the advocates regret their repeal effort so much that they’ll accept whatever the City Council passes, even if it’s worse than the last one? Do they not care if the advocates collect signatures again? If that happens, is the council prepared to just throw up its hands and move on to the next issue?
City Council President Todd Gloria, who on Monday appeared perplexed and disappointed by his colleague’s direction, has spoken for the entire council in saying that it fully supports the notion of marijuana as medicine. Indeed, several members echoed that sentiment, with Councilmember Scott Sherman, a Republican, even talking sincerely about someone close to him who benefited from marijuana. However, the majority of the council clearly wants to make it difficult for people to get at this medicine.
 
Full Article:
http://www.sdcitybeat.com/sandiego/article-11713-san-diego-city-counc.html

Skateboarders Replace Grip Tape With Hemp Carpet

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Ramshackel hemp grip tape
 
 
Back when I was hanging around skate parks, pretending to be cool, grip tape was as common as hoodies and Airwalk shoes. Skaters use this sandpaper-like material to provide more traction. A properly taped skateboard stays closer to the feet while busting a flip trick, and keeps feet from slipping off during the more nuanced floor tricks.
But now I feel proud, because even skaters are beginning to shun grip tape for a more eco-friendly alternative made from hemp. Australian skating outfit Ramshackel uses marijuana’s benign cousin to weave a more durable alternative that treads lightly on the planet.
 
Full Article:
http://www.earthtechling.com/2013/04/skateboarders-replace-grip-tape-with-hemp-carpet/

“Miracle” Cannabis Oil: May Treat Cancer, But Money and the Law Stand in the Way of Finding Out

By Chris Roberts
Michelle Aldrich says her life was saved by cannabis oil, which she credits for her swift recovery from lung cancer. “I always knew it was medicine,” the lifelong marijuana advocate says, “and now I’ve proved it. I’m living proof.”
Anna Latino

Michelle Aldrich says her life was saved by cannabis oil, which she credits for her swift recovery from lung cancer. “I always knew it was medicine,” the lifelong marijuana advocate says, “and now I’ve proved it. I’m living proof.”

 
First it was a cough. Then it was bronchitis. Then it was time to say goodbye to Michelle Aldrich.

The year 2011 was supposed to be a good one for the 66-year-old. That June, she and her husband, Michael, were feted with a lifetime achievement award by High Times magazine for their four decades of work on marijuana legalization. Yet something was off. She was smoking a lot, maybe more than ever.

And she couldn’t get high.
In the fall of that year — a bad time for the local marijuana movement, as the federalJustice Department began shutting down hundreds of California medical cannabis dispensaries — Aldrich went in to see a series of doctors for what she thought was a flu that just refused to go away.
After six weeks of progressively worse diagnoses — flu became bronchitis, which became pneumonia — a CT scan revealed the cause behind the “heat” she felt in the middle of her chest. A tumor, “poorly-differentiated non-small cell adenocarcinoma.” In other words, stage 3 lung cancer.
Lung cancer is a killer, with nearly 70 percent of new cases resulting in deaths, according to statistics published by theNational Cancer Institute. “I thought I was going to die,” Aldrich says from her Marina District apartment. But she didn’t. And now, she is busy telling anyone who will listen that, along with diet and chemotherapy, a concoction of highly concentrated cannabis oil eliminated her cancer in less than four months.
 

 
Full Article:
http://www.sfweekly.com/2013-04-24/news/key-words-cannabis-oil-cure-cancer-constance-finley/