The 10th episode of Toke Signals TV with host Steve Elliott takes a look at some of the biggest marijuana news stories of the past week.
Find out what you need to know about the week in cannabis/marijuana news, in 25 minutes!
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Toke TV Bud Pick of the Week
Toke TV Stories of the Week
California Marijuana Legalization Initiative Cleared For Signature Gathering
A new voter initiative which would legalize marijuana in California was cleared on Thursday for signature gathering by Secretary of State Debra Bowen.
Supporters of the measure, the California Cannabis Hemp Initiative 2014, now have 150 days — until February 24 — to gather 504,760 signatures in order to qualify for the November 2014 ballot.
The CCHI would legalize the possession, use, cultivation and sale of marijuana and hemp. It would instruct the California Legislature to pass laws licensing and taxing commercial sales of cannabis, and to set standards for driving impairment.
Behind the initiative are Berton Duzy, 58, a Simi Valley contractor, and Michael Jolson, 45, a medical marijuana activist based in Santa Cruz.
One of the biggest hurdles which, for years, has plagued the medical marijuana industry is the lack of access to banking services for cannabis businesses. Financial institutions just haven’t been willing to accept them as customers, because under federal law, the government views handling money from cannabis transactions as “laundering drug profits.”
Now with recreational legalization, the Washington State Liquor Control Board was in the same situation as has been faced for years by dispensaries, but now the Bank of America has agreed to let them deposit marijuana profits, reportsThe Huffington Post.
Bank of America has declared its willingness to deal with new marijuana related businesses, according to Jim McIntire, treasurer for the State of Washington.
Investors poured more than $1 million into Colorado’s legalized recreational marijuana industry this week. Back in May, the same group of investors committed $1 million to cannabis startups at a similar event in Seattle, Washington.
More than 60 investors from The ArcView Group met with 22 capital-seeking marijuana startups in Denver, reports Matt Ferner at The Huffington Post. Several of the startups are directly involved in cannabis sales or cultivation, which is a first for ArcView.
The investors had committed “well over $1 million” to the companies by the end of the meeting, ArcView CEO Troy Dayton told John Ingold at The Denver Post.
The total could reportedly have been even higher, if it weren’t for Colorado’s marijuana laws which require investors to qualify as state residents for three years before making equity investments in a marijuana business.
An attorney representing Arizona’s top health official says that a constitutional right to control your own health care does not mean that medical marijuana patients have the right to grow their own cannabis.
Attorney Gregory Falls, representing Arizona Health Director Will Humble, is asking Maricopa County Superior Court Judge Katherine Cooper to throw out claims by two men that, as legally registered medical marijuana patients, they are constitutionally entitled to plant, grow and harvest their own supply, reports Howard Fischer ofCapitol Media Services in the Arizona Daily Star.
According to Falls, the fact that Arizona voters allowed those with a doctor’s authorization to obtain and use cannabis does not mean patients can ignore other provisions of the medical marijuana law. The law approved by voters in 2010 says patients living within 25 miles of the nearest state-licensed dispensary have to buy their marijuana from the store.
The ability for nearly 40,000 Arizona medical marijuana patients statewide to legally grow their own hangs on the outcome of the battle. A decision against Humble would mean each of them has the right to grow up to 12 plants.
The next mayor of New York City will favor the decriminalization of marijuana, regardless of who win’s the seat. That’s because all three candidates in the race have announced their support for lowering the penalties for cannabis possession.
Mayoral candidates Bill de Blasio and Joseph Lhota, selected in the Democratic and Republican primaries earlier this month, both favor marijuana decrim, as does Independence Party mayoral candidate Adolfo Carrión, Jr., reports Ramiro S. Fúnez at PolicyMic.
“I support legislation to decriminalize the display of small amounts of marijuana,” de Blasio, the Democratic candidate, said during an online interview with the New York Daily News in July. “The current law saddles many young people with a criminal record unfairly and it must be changed. I think there are appropriate medical uses for marijuana and I am open to policies that allow for medical use.”
Lhota, not to be left out, last month admitted he smoked marijuana more than 40 years ago, and was the first major candidate to support legalization back when he was the transit chief of the Metropolitan Transport Authority, reports Gideon Resnick at Politicker.
Frequency of marijuana use is not measurably associated with the utilization of health services or with health status, according to findings from researchers at Boston Medical Center and Boston University School of Medicine.
The researchers studied 589 adults who showed up positive for drug use at a primary case visit. Those patients were asked about their drug use, emergency room use and hospitalizations, and their overall health status. Information about other medical diagnoses was obtained from their medical records.
Researchers found the vast majority of the study sample — 84 percent — used marijuana. Twenty-five percent used cocaine, 23 percent used opioids and eight percent used other drugs. Fifty-eight percent reported using cannabis, but no other drugs.
(Hemp News)A man carrying 500 kilos of marijuana in his car was killed when his illegal cargo slammed into him during an automobile accident.
The victim was traveling from the Brazilian state of Mato Grosso do Sul to Sao Paulo on Saturday when he drove through a Federal Highway Patrol roadblock.
The police pursued him, and a chase ensued over a three-mile stretch of road. It ended when the man fatally crashed his vehicle into a tree after losing control of it.
The impact resulted in the man being crushed against the steering wheel by the 500 kilos of cannabis bricks he was smuggling. Police had to pry his lifeless body from the wreckage.
Must Reads of the Week
By Sharon Letts
“Some patients have real issues with the psychoactive properties of the THC, but I’ll say this, it is the only thing that helps with my mental challenges, and the effects fade and/or lessen with time. One’s tolerance builds in the same way Valium or any opiate does, but with no damaging side effects, only healing within.” ~ Sharon Letts
By Ron Marczyk
A new understanding of the neurobiology of cannabis is emerging, namely the“endocannabinoid induced aerobic bliss state,” or simply the “endocannabinoid runners’ high.”
For users of medical marijuana, a new use for this miracle plant is at hand: its ability to produce “the psychology of exercise motivation.”
By Steve Elliott
Not only does smoking marijuana not “burn you out,” but it’s downright good for your brain.Yet more scientific evidence — this time, that it actually appears to improve cognitive functioning among middle-aged men — comes from a 2011 medical study.
Researchers looked at a large sample of 8,992 men who “used drugs,” mostly cannabis, at age 42 and then again at age 50, reported the LA Weekly. The men were tested to measure their level of brain functioning.
Surprise, surprise — the Brits who had used illegal drugs did just as well — or slightly better! — than the chaps who had never “used drugs” at all.
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