Medical Marijuana Business Attracts Hedge Funds, Venture Capitalists

Marijuana has been a cash crop for many years in this country. The only problem is that most of that crop had been grown illegally. Now, that medical marijuana is legal in 15 states and the District of Columbia, legalized marijuana has quickly become so popular it is attracting attention from hedge fund managers and venture capitalists, not to mention a whole new batch of entrepreneurs.

Doctors still can’t prescribe marijuana because it is categorized as a schedule one drug like LSD. But they can recommend it and that’s all anyone needs to get a medical marijuana license that allows them to buy marijuana legally in those 15 states, with three more states about join them.

Each license sells for around $130 and some clinics selling the licenses have brought in more than a million dollars in just their first year. The once illegal joint is selling like hot cakes throughout middle America to consumers who no longer have to worry about getting arrested for possession, at least by local or state authorities.

The federal government still outlaws marijuana possession but it’s unlikely someone with a medical marijuana license will be busted by an FBI or DEA agent if caught smoking in his or her own home. In fact, just last year U.S. enforcers promised to leave medical marijuana operations alone if they complied with state law.

That prompted a significant increase in interest among entrepreneurs. Today, there are an estimated 2,400 medical marijuana dispensaries from California to Maine. In Colorado, they outnumber Starbucks two to one.

 

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Welcome To The NORML Women’s Alliance

Attention, Big Bear Ladies:  Let’s Rock!  The Secret to Legal Marijuana? Women

The National Organization for the Reform of Marijuana Laws (NORML), the nation’s oldest and most well respected grassroots marijuana law reform organization, is pleased to announce the launch of the NORML Women’s Alliance.

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The Secret to Legal Marijuana? Women

Why women have signed onto marijuana reform — and why they could be the movement’s game-changers.

In September, ladymag Marieclaire ruffled some feathers when it published a piece about women who smoke weed. But its most interesting effect was not the “marijuana moms” chatter it unleashed, and instead the fact that it brought to the mainstream media a more open discussion of the fact that women can be avid tokers, too.

Public acceptance of pot is at an all-time high, and the fact that women have drastically changed their attitudes may be what is most fascinating about the sea change in public opinion — and policy — regarding marijuana. In 2005, only 32 percent of polled women told Gallup they approved legalizing pot, but this year 44 percent of them were for it, compared to 45 percent of men. In effect, women have narrowed what had been a 12-point gender gap.

Women are also smoking more weed. The most recent National Survey on Drug Use and Health shows that current marijuana use increased from 3.8 to 4.5 percent among women, while there was no significant statistical change for men.

Indeed, it appears the growing acceptance of marijuana is fueled by women having joined the movement for reform.

Women “can reach people’s hearts and minds,” says Mikki Norris, co-author of Shattered Lives: Portraits from America’s Drug War, managing editor of the West Coast Leaf, and director of the Cannabis Consumers Campaign. “I think we can really take it from the third- to the first-person, and make it personal.”

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Students for Sensible Drug Policy (SSDP.org) Testifies at CA Marijuana Legalization Hearing

FBI figures: One drug bust in US every 18 seconds

America is a nation at war, overseas in Iraq and Afghanistan, and at home.

According to the newly released Federal Bureau of Investigation Uniform Crime Report for 2008 every 18 seconds someone is arrested and charged with violating drug laws.

Another striking figure in the report: of the 1,702,537 drug arrests in 2008, 82.3 percent were for simple possession of a contraband substance. Nearly half, 44 percent, were for possession of marijuana.

According to San Francisco Weekly’s calculations, 2008 saw one marijuana arrest every 37 seconds.

The National Organization for the Reform of Marijuana Laws (NORML) said 2008 had the second-highest number of marijuana arrests the U.S. has ever seen. The group said that 2007 currently holds the record.

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Pot Parents: Smoking’s Better Than Drinking!

A controversial new movement promotes pot use instead of alcohol. These parents want to ban pot prohibition because they believe it will save lives.

Gina Kaysen Fernandes: Alcohol and marijuana are the two most popular — and easily accessible — substances on college campuses, but they’re not treated the same under the law. Possessing pot can land you in jail, but drinking too much at a keg party can kill you. “This highlights the absurdity in how we treat these two substances,” said Mason Tvert, the co-founder and executive director of the group Safer Alternative for Enjoyable Recreation, or SAFER. Mason has made it his personal mission to debunk the government’s anti-marijuana message. “The fact that we have students drinking themselves to death made us realize we had to start some awareness on college campuses,” says Mason.

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Marijuana Mamas!

Gina Kaysen Fernandes: A new wave of reefer madness is sweeping suburbia — but it’s not just teenagers who are lighting up. Middle-aged, middle-class soccer moms are smoking pot … a lot. These women aren’t stoners: they’re teachers, lawyers, and, perhaps, even your neighbor who prefers puffing a joint to sipping chardonnay.

“Marijuana is the magic in my life that helps me unwind, stay sane, and have more energy,” says Sonia, a 24-year-old mother from Los Angeles. Working full-time as a restaurant manager leaves Sonia feeling stressed out and drained at the end of the day. She smokes once or twice daily to relax. “I have a stressful job, it’s something that helps me wind down so I don’t take out my frustration on my husband or my child.”

Sonia became a mother at the age of 22 and suffered from some depression. She turned to marijuana to help curb the baby blues. A doctor later diagnosed Sonia with anxiety and wrote her a prescription for the herbal remedy. Sonia gets her stash from a medicinal marijuana clinic and takes comfort in knowing the pot she smokes is legal and high quality.

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