Monthly Archives: July 2015

Medical Marijuana Class-Action Lawsuit Against Health Canada Certified By Federal Court

The Federal Court of Canada has certified a class-action lawsuit involving 40,000 people in the medical marijuana access program.

The case was launched in 2013 after Health Canada sent letters to people with the program’s name on the envelope. Before that, mail sent to people in the program didn’t mention marijuana.

Recipients were upset, saying their privacy had been violated. Some said they worried they’d lose their jobs or be victims of a home invasion.

In March of this year, the Office of the Privacy Commissioner of Canada ruled that Health Canada had violated federal privacy laws. That ruling didn’t allow for any compensation.

In a press release, the Halifax law firm that launched the case says the certification shows the Federal Court has decided the class action lawsuit is necessary to allow people access to justice.

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High Growth Pot Stocks and Sectors to Watch in the 2nd Half of 2015

In June, the U.S. government lifted restrictions on scientific research into the medical and therapeutic benefits of marijuana, making biotech stocks hot property among investors.

“We believe that biotech is the most interesting sub-sector of the cannabis stock market because now U.S. companies and universities can engage in research and development that will eventually result in pharmaceutical drugs,” Scott Greiper, president of Viridian Capital Advisors in New York and creator of the Viridian Cannabis Stock Index, explained.

Among Viridian’s favorite biotech stocks are GW Pharmaceuticals (GWPH)—which finished the first quarter of 2015 up 34.6 percent—and Nemus Bioscience (NMUS).

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Justin Trudeau backs controversial medical marijuana shop in Winnipeg

Federal Liberal Leader Justin Trudeau is speaking out in support of a controversial medical marijuana store in Winnipeg.

During a stop in the city on Wednesday, Trudeau said marijuana storefronts like “Your Medical Cannabis Headquarters,” owned by Glenn Price, should be allowed to operate.

At a Liberal campaign office just blocks away from the shop, Trudeau reiterated his pledge to legalize marijuana if elected.

He said by licensing and restricting the sale, it keeps the drugs out of the hands of kids and criminals.

Police closed down Price’s store last week, saying he is not a licensed producer so it’s illegal for him to sell medical marijuana.

Supporters of Price held a rally this week outside of police headquarters, and Price has since reopened the store in defiance of the police order.

Price has said he only provides the product to people with appropriate medical documentation and said he’s helped hundreds of people since opening on July 1.

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Medical marijuana dispensary under construction in Milan

Construction on the Quad City area’s first medical marijuana dispensary is underway.

The Milan facility, to be called “Nature’s Treatment,” is being built next to Stern Beverage, both owned by businessman Matt Stern.

“We anticipate being up and running in four months. Then we have to wait for the state to approve the facility and that could take six weeks or so to get all the employees approved by the state. And then, we’ll be good to go,” Stern said, in an interview with WQAD-TV on Monday.

Construction workers started moving dirt on the site Friday, a few months later than expected.

“It’s a pioneer industry. For our approval process, what should have taken two to three months, ended up taking six months,” Stern said.

Already, close to 200 people have applied to work at the dispensary for the 20 anticipated jobs.

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What is medical marijuana?

Many people are familiar with the term THC (tetrahydrocannabinol), but marijuana consists of many cannabinoids — groups of chemical compounds present in the cannabis plant that affect body and mind through interaction with special receptors.

Marijuana plants are being grown with specific amounts of each cannabinoid for the purpose of targeting a specific condition, such as epilepsy.

The list of physical ailments that can be relieved by the use of medical marijuana is lengthy. Some of the most common are depression, inflammation, loss of appetite, high blood pressure, insomnia, nausea, psoriasis, Crohn’s disease, arthritis, multiple sclerosis, bipolar disorder, tumors, shingles and diabetes.

Smoking cannabis isn’t the only way to obtain the benefits of medical marijuana. Manufacturers also package products in the form of other items, such as transdermal patches, capsules, edibles (e.g., cookies, candies and mints), salves, tinctures and tonics.

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Seattle City Council Unanimously Passes Measure To Shutdown Medical Marijuana Dispensaries

Safe access to medical marijuana for patients has been under attack for some time now in Washington. In May the Seattle City Council proposed a measure that would shut down most of the medical marijuana dispensaries in Seattle. Yesterday the Seattle City Council voted, and the result was not favorable for medical marijuana dispensary operators in Washington’s largest city. Per The Joint Blog:

A proposal to shutdown over half of the medical cannabis dispensaries located in Seattle has been unanimously approved by the city’s council. The measure, which was put forth by Mayor Ed Murray, will go into effect 30 days after he signs it.

Under the new law, any medical cannabis dispensary that opened after January 1st, 2013, and those who are distributing medicine to those under 21 (which was made illegal with the recent passage of Senate Bill 5052), will be forced to close their doors by July of next year, without the possibility of receiving a license to continue operating. It’s expected that 59 of the city’s 99 dispensaries will be forced to close.

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