USA Medical Marijuana Update
- A measure that would allow VA docs to issue medical marijuana recommendations advanced in the Senate.
- Massachusetts’ highest court rules in favor of a worker fired for using medical marijuana, and more.
- Utah regulators give initial approval for Hemp research
- Interview with Bruce Barren, Potnetwork Holdings’s (OTCMKT:POTN), brand Ambassador.
National
Last Thursday a week, a Senate panel approved medical marijuana for Veterans. The Senate Appropriations Committee voted to adopt an amendment that would allow military veterans to get medical marijuana recommendations through the Department of Veterans Affairs (VA). The bi-partisan measure picked up 4 more votes than last year, when it was approved by the full House, but killed in conference committee.
Massachusetts
On Monday, the state’s high court ruled for a woman fired for using medical marijuana. The state Supreme Judicial Court ruled that a woman fired after testing positively for legally recommended medical marijuana can sue her former employer for handicap discrimination. The employer had argued that the use should not be allowed because marijuana remains illegal under federal law, but the high court disagreed. If a Medical Doctor concludes medical marijuana is the most effective treatment for a debilitating condition, “an exception to an employer’s drug policy to permit its use is a facially reasonable accommodation” and “the fact that the employee’s possession of medical marijuana is in violation of federal law does not make it per se unreasonable as an accommodation.”
Nevada
Last Sunday, medical marijuana patients complained of higher prices after recreational sales began. Medical marijuana patients are complaining of “price gouging” in the wake of the advent of legal recreational marijuana sales in the state. “Our prices have almost doubled in some places,” patient Emily Wilson said. Some patients are reportedly resorting to the black market because of high legal prices.
Utah
Industrial Hemp: Utah regulators give initial approval for Hemp research. The state Agricultural Advisory Board on Thursday gave initial approval to a new rule that would allow limited marijuana cultivation for research purposes. The rule would allow anyone with a permit to grow industrial hemp. State universities are already able to cultivate hemp for research purposes under the 2014 federal Farm Bill, but this rule now expands who can grow the plant. The rule is open for public review through the summer and if finalized, would allow the state to begin issuing permits next January.
“Paul, we are a company that is doing something rarely seen in a 1st year of performance – breaking revenue expectations, making money and adequately financed.
“Yes, Hemp and Cannabis CBD medicinal products is a “Hot industry” but POTN is outperforming the industry, yet our stock is selling well below industry valuation standards of 80-100X revenue.
“Management focused on the Key target for an emerging company, building shareholder value, today and with a continuity into the future.
“YTD POTN is not only 2 months ahead of its fiscal forecasts, or by 30-40%, but equally important with a strong chance of further doubling in revenues for FY 2018.
“Diamond CBD Inc. a wholly owned subsidiary of PotNetwork Holdings Inc. has developed Hemp-derived therapeutic grade nutraceuticals with a broad range of applications for human health.
“Notably, our products are legal in all 50 US states.
“The firm is focused on unique and innovative product delivery systems for therapeutic products manufactured according to the highest standards, and maintaining the highest levels of compliance across the supply chain.
“POTN’s products have been designed, developed and adapted for several medical conditions, including pain, anxiety disorders, metabolic disorders and inflammatory disorders and they are available without prescription nationwide.”
credit:420intel.com
