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Showing posts with label pot. Show all posts
Showing posts with label pot. Show all posts

Tuesday, June 13, 2017

Besides being a way for wealth Asians to arbitrage currency, Bitcoin's most favorable customers may be those in the Pot industry

While many pro-Bitcoin advocates would like to tell the world that the hyper-sonic rise in value over the past five months has been primarily due to its growing popularity around the world, the fact of the matter is between 48-78% of all transactions for the cryptocurrency have taken place in South Korea, China, and Japan where wealthy Asians are using Bitcoin's ease of transferability to arbitrage the digital currency as a conduit to get out of their own sovereign fiat.

But there is actually one new and burgeoning industry that has taken Bitcoin to heart, especially since their access to normal banking systems has been restricted due to the Federal governments remaining stigma against their products.  And this is making entrepreneurs and business owners in the pot industry some of the most favorable customers of the cryptocurrency.

Cannabis companies are turning to the world’s most popular digital currency in an effort to get rid of all that cash. 
The inability to access traditional financial institutions is one of the marijuana industry’s biggest impediments. Legal cannabis was a $6 billion industry last year and is expected to grow to $50 billion by 2026, according to Cowen & Co. But because pot is illegal under federal law, big banks and credit-card companies steer clear. That’s forced most merchants to accept cash only, a logistical headache and constant security threat.  
Enter bitcoin, the cryptocurrency that consists of digital coins “mined” by computers solving increasingly complex math problems. At least two financial-technology startups, POSaBIT and SinglePoint Inc., use the cryptocurrency as an intermediate step that lets pot connoisseurs use their bank-issued credit cards to buy weed. - Bloomberg

Wednesday, March 22, 2017

Congresswoman Tulsi Gabbard submits bill to decriminalize pot and remove it from the Fed's drug schedule

On March 21, Democratic Congresswoman Tulsi Gabbard submitted a bi-partisan bill to Congress calling for the decriminalization of marijuana, and having it removed from the Federal government's drug list as a schedule 1 substance.

Titled HR1227, the Ending Federal Marijuana Prohibition Act, this bill is also being co-sponsored by Republican Congressman Tom Garrett from Virginia.

Image result for pot benefits
Hawaii Congresswoman Tulsi Gabbard has urged Congress to federally decriminalize marijuana Tuesday, introducing a bipartisan act to to remove the drug from the federal controlled substances list. 
“FBI reports have shown that in 2011 alone, an individual in the United States was arrested for marijuana use, sale or possession every 42 seconds,” Gabbard said in a statement. 
The congresswoman introduced the Ending Federal Marijuana Prohibition Act (HR. 1227) with Republican Virginia Rep. Tom Garrett, calling on Congress to update its “outdated drug policies”. 
The pair called on Congress to take into account the growing body of evidence that suggests the medicinal benefits of marijuana, from the treatment of epileptic seizures to reducing anxiety and “even halting the growth of cancer cells.” 
The FDA currently classifies marijuana as a Schedule 1 classification, along with MDMA and heroin. - Russia Today
The demonization of marijuana goes back nearly 100 years to around the time of alcohol prohibition and the aftermath of the 1910 Mexican Revolution where streams of Mexican immigrants came into the United States bringing with them their cultural use of cannabis.  And like the demonization of Opium decades before when it was brought to the U.S. by Chinese immigrants during the construction of the railroads, the basis for pot's prohibition was primarily racial, and later political when psuedo-scientists and quack physicians paid by the government began PR campaigns to falsely equate the drug with crime, rape, and the actions of undesired immigrants.

Saturday, August 13, 2016

Citizens in Germany seek to make them the next Western state to legalize pot

Thousands rallied in Berlin on Aug. 13 to call for the legalization of Pot and the decriminalization of the drug in both medical and recreational use.

Citizens in Germany are part of the growing number of Western peoples seeking to put an end to laws that make the growing and using of marijuana (cannabis) a crime.
Some 4,000 supporters of marijuana legalization in Germany rolled through central Berlin. Demonstrators called on the government to allow marijuana for a broader medical use and stop prosecution for its possession. 
According to police figures, some 4,000 people took part in Saturday’s rally with no incidents or arrests reported. The crowds initially gathered at the central railway station before moving to the federal Health Ministry and then to the iconic Alexanderplatz. 
“The marijuana parade is the largest demonstration for the legalization of Cannabis as commodity, medicine, and natural stimulant in Germany,” the organizers wrote on their website. The latest march was staged under the slogan “Legalization is in the air” and was the 20th in a row after the movement was established in Berlin in 1997. 
People carried banners saying, “My brain belongs to me,” and “Cannabis is my medicine.” 
The spokesperson for the parade, Steffen Geyer, said in front of the gathering that the ban on the drug is leading to more problems and therefore requires a law legalizing it. “Legal cannabis would cause less harm if compared to the ban on it existing for 45 years,” Geyer stated. - Russia Today
The global 'War on Drugs' has been a complete waste of money, resources, and lives, and is only still being propagated by big Pharmaceutical companies that make billions from selling synthetic alternatives to marijuana for ailments such as pain, inflamation, digestive problems, and even cataracts.

In fact, studies recently out of Colorado show that revenues of pain drugs such as vicodin and oxycontin have fallen off a cliff once pot was legalized and began to replace the 'legal drugs' in consumer purchases.


There are now too many studies to mention that validate the benefits of cannabis and the fact that they are much less addictive than synthetic 'legal drugs' made by Big Pharma companies.  And while European countries like Holland have long proven that pot use does not lead to societal epidemics of crime and drug addiction as portrayed in government propaganda announcements and commercials, it is only in the last four years that the cultural stigma of marijuana decriminalization is finally beginning to surface and enter into the mainstream.

Friday, July 22, 2016

Big Pharma is the enemy behind the real war on drugs

When marijuana was outlawed and eventually placed as a Schedule 1 drug in the 20th century, the primary propaganda used to help ban the weed was a combination of racism, fearmongering by certain members of the government, and of course, corporate America.

The main villain who would become the father of the eventual 'war on drugs' was Harry Anslinger, an assistant Prohibition commissioner and then commissioner of the Federal Bureau of Narcotics from 1930 to 1962.  Anslinger would use all means of vilification to both deter use, and eventually become successful in banning pot by portraying minorities as the only ones using the drug. And of course as a bonus, this fit in perfectly with agendas of corporations who wanted pot and its brother hemp eliminated from society.

"There are 100,000 total marijuana smokers in the U.S.," Anslinger might say, "and most are Negroes, Hispanics, Filipinos and entertainers.  Their Satanic music, jazz and swing, result from marijuana use.  This marijuana causes white women to seek sexual relations with Negroes, entertainers and any others." 
Actually, Anslinger did say that, and much more.  With the help of the federal government, the states, DuPont, pharmaceutical companies and the Hearst newspaper chain, Anslinger sought to keep the heartbeat of Puritanism alive.  He was the assistant Prohibition commissioner and then commissioner of the Federal Bureau of Narcotics from 1930 to 1962. - Mapinc
Fast forward 79 years later...

Medical studies have now overwhelmingly shown that the medicinal benefits of marijuana outweigh the side effects that using pot may incur, especially if distilled into forms other than as a joint to smoke.  And while it took nearly two decades to get this information out to where enough of the public was open to accepting and demanding its legalization, the war on this drug continues even today thanks to the one industry that is spending 100's of millions of dollars to keep it out of people's hands.

Big Pharma.

There’s a body of research showing that painkiller abuse and overdose are lower in states with medical marijuana laws. These studies have generally assumed that when medical marijuana is available, pain patients are increasingly choosing pot over powerful and deadly prescription narcotics. But that’s always been just an assumption.

Now a new study, released in the journal Health Affairs, validates these findings by providing clear evidence of a missing link in the causal chain running from medical marijuana to falling overdoses. Ashley and W. David Bradford, a daughter-father pair of researchers at the University of Georgia, scoured the database of all prescription drugs paid for under Medicare Part D from 2010 to 2013.

They found that, in the 17 states with a medical-marijuana law in place by 2013, prescriptions for painkillers and other classes of drugs fell sharply compared with states that did not have a medical-marijuana law. The drops were quite significant: In medical-marijuana states, the average doctor prescribed 265 fewer doses of antidepressants each year, 486 fewer doses of seizure medication, 541 fewer anti-nausea doses and 562 fewer doses of anti-anxiety medication.
But most strikingly, the typical physician in a medical-marijuana state prescribed 1,826 fewer doses of painkillers in a given year.

The tanking numbers for painkiller prescriptions in medical marijuana states are likely to cause some concern among pharmaceutical companies. These companies have long been at the forefront of opposition to marijuana reform, funding research by anti-pot academics and funneling dollars to groups, such as the Community Anti-Drug Coalitions of America, that oppose marijuana legalization.

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Pharmaceutical companies have also lobbied federal agencies directly to prevent the liberalization of marijuana laws. In one case, recently uncovered by the office of Sen. Kirsten Gillibrand (D-N.Y.), the Department of Health and Human Services recommended that naturally derived THC, the main psychoactive component of marijuana, be moved from Schedule 1 to Schedule 3 of the Controlled Substances Act — a less restrictive category that would acknowledge the drug’s medical use and make it easier to research and prescribe. Several months after HHS submitted its recommendation, at least one drug company that manufactures a synthetic version of THC — which would presumably have to compete with any natural derivatives — wrote to the Drug Enforcement Administration to express opposition to rescheduling natural THC, citing “the abuse potential in terms of the need to grow and cultivate substantial crops of marijuana in the United States.”


The DEA ultimately rejected the HHS recommendation without explanation.

The Pharmaceutical industry is one, if not the largest combined corporate segment in America today, and has revenues reaching hundreds of billions of dollar per year.  And as you can see in the above chart of how marijuana use in states that have legalized it in some fashion have both aided people in numerous ways, and taken profits away from corporations reliant upon synthetic opioids, this war will not end quietly, as we all know that the love of money is the root of many evils.

No matter the cost to your well being.

Tuesday, June 28, 2016

Complete pot legalization may be here in America as early as Aug. 1

Although most generations living today have little or no idea behind the real reasons and purposes for the ‘war on drugs’, the fact of the matter is that is has and always will be about money, and those who control it.
Cannabis or pot is a drug that has a long history in the United States, and was even used as a relaxant by our Founding Fathers as written in several annals from that time period.  And like the way Great Britain forced opium on the Chinese back in the 19th century to help fund their vast global empire, the American government did virtually the opposite and banned such natural narcotics as a way to enrich pharmaceutical companies through medicinal monopolies, and to enlarge law enforcement agencies through the incarceration of users.
But this may all be changing as on Aug. 1, the Drug Enforcement Agency (DEA) will be reviewing narcotics currently on Federal registries known as ‘schedules’, and there is a very good probability that Cannabis will be removed as a schedule 1 drug and placed on a different list that contains current legal substances like alcohol, caffeine, and nicotine.
weed big business
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Monday, March 7, 2016

Evidence is mounting that legalization is way to win the war on drugs

Ever since President Richard Nixon initiated schedules to designate most recreational drugs as illegal, America began a War on Drugs that has now stretched over four decades and several trillions of dollars.  The results however have been catastrophic as not only has drug use increased over that time, but prisons have swelled with individuals who were incarcerated for victimless crimes, and violent cartels now control not only drug traffic and distribution, but also elected officials and entire countries.
In 1996 California helped open a crack in the government’s absolute stranglehold in drug prohibition by voting in the first medical marijuana legislation.  And over the next 19 years, 23 states had passed laws allowing for the regulated medicinal use of the drug.  This first step was then followed by the full legalization of cannabis in both Colorado and Washington in 2013.
And now 3 years later, something very interesting is occurring which has mirrored the results of ending alcohol’s prohibition during the 1920’s.  Because once both drugs were removed from legal restrictions, most crimes tied to the illegal distribution of both alcohol and marijuana began to dry up.

Read more on this article here...

Wednesday, February 25, 2015

New international study shows Pot use much safer than alcohol

In a new international study published in the journal, Scientific Reports, a group of researchers found that marijuana use as a recreational drug was much safer, by the magnitude of 114 times safer, than even the use of alcohol by individuals.
The study took a comparative look at several drugs normally used in a recreational way by people, and their risk factors for potential mortality if lethal doses of the drugs are consumed.  In fact, one of the most interesting findings from the study is that someone is more likely to die from an overdose of tobacco than from a lethal dose of cannabis.


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Monday, December 1, 2014

Tis the season to get high… in Colorado as pot sales soar on ‘Green Friday’

Since the sale of marijuana was legalized in Colorado and Washington earlier this year, the industry has seen its ‘highs’ and lows, but as we begin the annual holiday shopping season, demand for the formerly illegal product is soaring.  In what is being dubbed as ‘Green Friday’, pot retailers in Colorado are experiencing very good revenues as store owners began offering discounts that are part of the allure of the first day of the holiday shopping period.


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Tuesday, February 18, 2014

Banks in states that legalize pot use can now work with marijuana businesses

In 2012, HSBC was busted by U.S. and international regulators for laundering drug money for global cartels.  A year later, they were imposed a $1.9 billion fine, but rumors abound that the financial institution is still providing services to criminal organizations despite their guilt and penalty.

So with this precedent in place, it is quite interesting to see on Feb. 14 that regulators within the Obama administration have now ruled that banks that service states with legal marijuana laws can now do business with the sellers of pot, and without the threat of criminal prosecution.




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Tuesday, January 7, 2014

Like cigarettes, pot could become tax that saves state budgets

On Jan 1, recreational pot laws went into effect in the states of Washington and Colorado.  And while it is too early to determine how this will equate in the rise of overall revenue for the marijuana industry, expectations are already under way by these states on how taxes received from the sale of the drug can help in subsidizing their general budgets.
Colorado projects $578.1 million a year in combined wholesale and retail marijuana sales to yield $67 million in tax revenue, according to the Legislative Council of the Colorado General Assembly. Wholesale transactions taxed at 15 percent will finance school construction, while the retail levy of 10 percent will fund regulation of the industry. - Bloomberg

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Colorado will use pot to fund schools

Dec. 31 begins the first day of Colorado’s new law which legalizes marijuana for recreational use.  In its first year, estimated revenues for businesses are expected to reach $578 million, yielding $67 million in tax revenue.  A large portion of that money will be going to fund education in Colorado, as well as the building of new schools.
Colorado projects $578.1 million a year in combined wholesale and retail marijuana sales to yield $67 million in tax revenue, according to the Legislative Council of the Colorado General Assembly. Wholesale transactions taxed at 15 percent will finance school construction, while the retail levy of 10 percent will fund regulation of the industry. - Bloomberg



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