SAN FRANCISCO (KRON) — Medical marijuana was legalized in California because of the relief it brings to sick patients. One of the drug’s health benefits is to calm nausea and spur the appetites of people undergoing chemotherapy. But the drug’s growing popularity is bringing to light an unwanted side effect for a small number of heavy users. KRON4’s Maureen Kelly takes an in-depth look at this newly discovered syndrome. “It’s the most excruciating nausea that you could possibly imagine,“ Steve Ellias said. Ellias, of Grass Valley, is describing the symptoms he has endured on-and-off for more than three decades. He now believes the symptoms are the result of his past chronic pot use.
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“Usually, I would smoke anywhere from 10-15 times a day,” Ellias said. “It’s like you’re at your very worst point when you have the flu and you know that you are going to be sick, but imagine getting stuck there for hours, days, and sometimes even weeks and nothing will relieve that nausea,” Elias said. “It’s almost enough to make you think you will go out of your mind.” Sometimes the bouts would be so serious he’d end up in the emergency room. “At one point, I lost 40 pounds in 10 days,” Elias said. “That’s how dramatic it was. I could not keep food or water down, not to be dramatic, but I showed up at the hospital and I was within hours of kidney failure is what the doctor told me, so this can be an actual life-threatening situation.” But for much of his life, his condition was a mystery.
Doctors sometimes suggested that his illness was all in his head. “Literally dozens of doctors looked at me, and I’ve had extensive medical tests,” Elias said. But at his last trip to the emergency room, a nurse showed him an article about a 2004 medical study of something called Cannabinoid Hyperemesis Syndrome or CHS, which linked cyclical vomiting with heavy cannabis use. “As soon as I read it, knew that it was me. I knew that it was me. And I almost teared up because after 35 years of suffering, I could not believe that I had finally found a diagnosis,” Elias said. Steve says it wasn’t so much the study’s link between pot smoking and excessive vomiting, but the identification of the one thing that commonly brings patients who suffer from CHS relief–immersion in hot water by way of a hot shower or a bath.
Read more here.
Any time a stock appreciates 20% or more in a matter of minutes on positive news, investors begin to get itchy. Marijuana stocks experienced industry-wide hyper-growth in 2016 with market sentiment reflecting much of the same sentiment that technology stocks provided the market in the late 1990s with promises of unparalleled growth potential with seemingly no end in sight.
Most analysts agree that while massive increases in valuations of companies based on expectations of future growth are common, these expectations can prove to be dangerous in the long run.
I’ll take a look at how last year’s hyper-growth environment for marijuana stocks compares to the late 1990s for technology stocks. We all know how that party ended. The question that many investors who have placed their trust in names such as Canopy Growth Corp. (TSX:WEED) is whether the party for marijuana securities will continue into 2017 or if the slide has just begun.
Examples from the late 1990s
In an excellent research paper on this topic from Douglas J. Skinner from the Sloan Business School in January 2000, earnings surprises (both positive and negative) were analyzed rigorously. I suggest marijuana investors read this paper, as it proved to be a timely piece in 2000 as prices for many “high-flying glamour/growth” stocks began to fall precipitously.
The paper analyzed a number of excellent examples; however, I will point to two examples highlighted in the paper to show how the tech bubble popped, or began to pop, in the late 1990s and into 2000 and 2001.
Read more HERE.
Investing in marijuana stocks The potential to profit from Florida’s medical marijuana market could be big, but investors have few investment options that they can buy right now. Most marijuana stocks that can benefit from ramping demand in Florida are small marijuana business companies that are trading on over the counter markets, which are risky, unregulated exchanges that are prone to fraud. For that reason, the majority of marijuana stocks are best left untouched. Instead, investors interested in buying marijuana stocks might want to consider backdoor marijuana stocks that won’t benefit directly from sales in Florida, but will benefit from improving attitudes toward cannabis. Among the most intriguing of these companies are Canadian medical marijuana stocks Canopy Growth (TSX: CGC)(NASDAQOTH: TWMJF) and Aphria, Inc. Canada’s approved the use of medical marijuana nationally, and market demand in Canada is leading to millions of dollars in medical marijuana sales for these companies. For instance,Canopy Growth’s brands include Tweed and a partnership with cultural icon Snoop Dog on his Leafs by Snoop. So far, Canopy’s sales are small, but they’re growing quickly. In Q3, unaudited revenue was $8.4 million Canadian, up from $2.5 million Canadian the year before, and profit was $0.05 Canadian. The company’s robust expansion plans, however, could mean that its profit swings wildly, or that profits turn to losses.
To read more visit http://www.foxbusiness.com/markets/2017/01/29/how-big-is-opportunity-for-marijuana-stocks-in-florida.html
(“FHD”), initially purchased in February 2015, has performed exceptionally well. FHD produced record sales in 2016 as the burgeoning market for commercial hydroponics products continued to show an appetite for FHD’s unique lines of nutrients and equipment. Despite 50% year over year sales growth in 2016, the company is confident that FHD’s best growth is still ahead. The timely acquisition of a bottling colorado pot business line and exceptional performance and leadership of key hires are leading an expansion into the fertilization sector, where key growth opportunities have been identified. Under the direction of Chris Pearson and newly hired research consultant from the University of British Colombia Dr. Paul Shipley, and head bioengineer Justin Pearson, FHD’s Plant Life Products and Holland Secret brands are successfully competing for and winning fertilizer market share. The fertilizer brands, along with the continuing success of companion metering product Grow Boss is earning the company a significant and growing position in the commercial hydroponics market. The sale of FHD’s Sunblaster lighting line for $4.8 million in cash allowed the company the opportunity to issue a $0.07/ share dividend in December 2016 to Invictus MD shareholders for a total of approximately $1 million. The company remains committed to identifying undervalued cannabis industry assets and delivering that value to the shareholders.” Holding company, Mountain High Acquisitions Corporation (OTCQB: MYHI) is focused on the commercial hemp and Cannabidiol products industries.
To read more visit http://www.wsfa.com/story/34377791/financialbuzzcom-legal-cannabis-market-in-north-america-is-expected-to-grow
Mind you, these bills come after state legislators in December passed a law delaying the sale of recreational marijuana products in approved retail dispensaries until July 2018. Lewis’s legislation would hit the marijuana industry in four ways, assuming all of his introduced bills are passed. It would reduce the amount of marijuana an adult over the age of 21 could possess in their home from 10 ounces to two ounces, and it would limit the number of marijuana plants that could be grown from 12 per household to six per household. It would delay the ability of pot dispensaries to sell marijuana edible products and massage oils by at least two additional years. Any marijuana products other than the unadulterated plant matter itself would be permanently banned. Cities and town governments would be granted greater power to reject marijuana dispensaries without having to bring a vote to the residents of the city or town. What makes these proposals so difficult for the cannabis industry to accept is that Lewis was a prime opponent of Question 4 during the November election. However, he’s viewed as the top authority of Massachusetts’ recreational marijuana industry and is probably going to be the co-chairman of a marijuana business new Senate-House committee on marijuana. In other words, his bills could have strong sway with regulators. Image source: Getty Images. Of course, not all of the bills Lewis introduced are being critiqued by pro-legalization advocates.
To read more visit http://www.foxbusiness.com/markets/2017/01/28/surprise-massachusetts-recreational-marijuana-law-is-facing-some-major-changes.html
If you want this, vote for me again and Ill be sure to pass it on my next term. So, its going to come down to what they want to do politically within the country, he added. I think Canada will go legal, which will help to validate a lot of the investment that’s been happening there in 2016. And then, I also think that we are going to see movement in other places around the world, moving in this direction as well, Troy Dayton, CEO of ArcView Group and famed legalization advocate , continued. For his part, 420 Investors Alan Brochstein said, The biggest story beyond federal cannabis policy this year is likely to be the attention on Canada’s move towards legalization. Parliament will receive the proposed legislation in the Spring (maybe on 4/20?), and it’s likely that the finalized legislation along with a timeline for implementation will take place by the end of the year. Finally, international law expert Zameer Qureshi voiced, Canada has traditionally been quite progressive in regards to cannabis. They have taken what many regard as a common sense approach that it is not as harmful as other substances. I think that will continue to be medical marijuana reflected in Canadian legislation. But in regards to specific timelines and the measures, unfortunately, I cannot comment. Canada Vs. United States Jay Czarkowski, founding partner at Canna Advisors, explicated the difference between Canada and the United States. [There are] two differences between Canada and the U.S.
To read more visit https://www.yahoo.com/news/canada-legalize-weed-experts-weigh-154351374.html
The Let’s Toke Business Marijuana Composite also moved on to new highs as we expected. Investors can’t overlook the fact that time is passing quickly. Canada’s Health Minister promised cannabis legalization legislation in the “spring of 2017” which is between March 20th and June 19th. The earliest date is now less than two months away. If the government follows the task force recommendations, there will be many exciting new opportunities available. Also legalization will go to parliament where approval marijuana news will be an historic event. This should keep marijuana stocks moving higher. Also I expect U.S. investors to shy away from domestic opportunities if the new administration begins to act on their deep seated negative attitudes toward cannabis. Another technical plus is the ongoing support of market momentum as marijuana stock prices move higher. This is a recent change we have patiently awaited.
To read more visit http://seekingalpha.com/article/4040747-reassessing-ever-changing-outlook-canadian-cannabis-stocks
(OTCQB: KSHB) is a California-based company, with the goal of assisting entrepreneurs who want to enter the cannabis industry, overcoming the many barriers to entry. Kush Bottles markets and sells packaging products and solutions to customers operating in the regulated medical and recreational cannabis industries. The Company specializes in the wholesale distribution of packaging supplies and customized branding solutions for the cannabis industry. Its packaging business primarily consists of bottles, bags, tubes, and containers. It has built itself a first-mover advantage by providing cannabis enterprises across the U.S. with market expertise, proper branding and high-quality packaging that satisfies the stringent requirements of the law. Provider of hemp-infused food and beverage products and a naturally high alkaline water, Rocky Mountain High Brands Inc. (OTCQB: RMHB) partners with statewide beverage company at Franchise Owners Association Show for Greater Los Angeles and San Diego to showcase hemp-infused products. Michael Welch, President and Chief colorado pot business Executive Officer of Rocky Mountain High Brands, stated, “We are very pleased to participate in the Franchise Owners Association Trade Show this week with Statewide Beverage Company and to demonstrate the geofencing technology to the trade show attendees. We will be closely monitoring the success of the geofencing program in the Southern California market and will be rolling out it out in other regions very soon.
To read more visit http://www.wfmj.com/story/34342615/financialbuzzcom-small-companies-making-noise-with-recent-corporate-news
More Headlines AP FACT CHECK: Trump claims on travel ban misleading, wrong Evan Vucci | Posted: Monday, January 30, 2017 3:31 pm FILE – In this Jan. 23, 2017 file colorado medical marijuana photo, President Donald Trump sits at his desk in the Oval Office of the White House in Washington. The legal fight over President Donald Trumps refugee ban is likely to turn on whether the president has the authority to control access to Americas borders and whether targeting people from a particular region in the world violates the Constitution. (AP Photo/Evan Vucci, File) 8 MORE IMAGES TAGGED WITH “GOVERNMENT REGULATIONS” 14 MORE IMAGES TAGGED WITH “IMMIGRATION” Rules of Conduct 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language. 2 Don’t Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK. 3 Be Truthful. Don’t knowingly lie about anyone or anything.
To read more visit http://www.tulsaworld.com/news/government/ap/trump-s-immigration-order-faces-mounting-legal-questions/image_a6661a64-3c56-56b9-861a-33d8830739e6.html
Can you overdose on marijuana? In the U.S., cannabis is a Schedule I banned substances. Drugs in this category are defined as the most dangerous. Along with weed, this category includes things like heroin. The government’s argument is that cannabis is dangerous, and that’s why it needs to be illegal. But is this really true? One good indicator of a drug’s danger would be how likely it is to produce a lethal overdose. So what’s the deal with cannabis? Can you overdose on marijuana? As it turns out, the answer is a pretty clear no.
A Marijuana Overdose Official Report
The question: can you overdose on marijuana is a commonly asked one. In fact, this topic was the subject of a fascinating court hearing back in the late 1980s.
As part of an investigation into whether or not marijuana should be reclassified, a formal summary of scientific evidence was provided to the court. Here’s what that report had to say:
Read HERE to learn more.