We have heard it before. The Ogden memo released in 2009 was supposed to give a clear path to medical marijuana dispensers to enjoy the state laws that protect their services. In June 2011 that instruction was reversed, and top priority was given to authorities to pursue and prosecute medical marijuana dispensaries.
Reference this: http://reason.com/blog/2011/06/30/white-house-overrides-2009-mem
Today August 29th 2013, a new memo was released regarding specifically Colorado and Washington’s new marijuana laws.
You can read that here:
I am happy that they are concerned about this topic, and so far they are responding favorably to the laws that people passed. But I am of course holding my breath for the other shoe to drop. Just last night before this memo was released, I wrote an article documenting how Obama has violated all of his past promises regarding this issue and others. So I expect the same thing from him again. This may just be the distraction that he needed, to distract us from the Syrian conflict. Who knows?!
See more information on Obama’s changing policy on marijuana, and how he is has indicted nearly 9000% more medical marijuana providers than George W. Bush; http://youtu.be/x39bmr892hw
Here is the new memo in it’s entirety, we will have to wait and see how it goes. It appears to leave some loop holes in place for federal authorities to change their mind;
Department of Justice
Office of Public Affairs
FOR IMMEDIATE RELEASE
Thursday, August 29, 2013
Justice Department Announces Update to Marijuana Enforcement Policy
Today, the U.S. Department of Justice announced an update to its federal marijuana enforcement policy in light of recent state ballot initiatives that legalize, under state law, the possession of small amounts of marijuana and provide for the regulation of marijuana production, processing, and sale.
In a new memorandum outlining the policy, the Department makes clear that marijuana remains an illegal drug under the Controlled Substances Act and that federal prosecutors will continue to aggressively enforce this statute. To this end, the Department identifies eight (8) enforcement areas that federal prosecutors should prioritize. These are the same enforcement priorities that have traditionally driven the Department’s efforts in this area.
Outside of these enforcement priorities, however, the federal government has traditionally relied on state and local authorizes to address marijuana activity through enforcement of their own narcotics laws. This guidance continues that policy.
For states such as Colorado and Washington that have enacted laws to authorize the production, distribution and possession of marijuana, the Department expects these states to establish strict regulatory schemes that protect the eight federal interests identified in the Department’s guidance. These schemes must be tough in practice, not just on paper, and include strong, state-based enforcement efforts, backed by adequate funding. Based on assurances that those states will impose an appropriately strict regulatory system, the Department has informed the governors of both states that it is deferring its right to challenge their legalization laws at this time. But if any of the stated harms do materialize—either despite a strict regulatory scheme or because of the lack of one—federal prosecutors will act aggressively to bring individual prosecutions focused on federal enforcement priorities and the Department may challenge the regulatory scheme themselves in these states.
A copy of the memorandum, sent to all United States Attorneys by Deputy Attorney General James M. Cole, is available below.
One a postive note, all of my stocks saw a sharp rise today!
This is not real time, stock quotes are for 1-day.
These charts serve as a basic reference point.
You will want to do your own research.
CannaVEST Corp. (CANV )
CannaVest is in the business of developing, producing, marketing and selling end consumer products containing the hemp based compounds with a focus on Cannabidiol (CBD). Derived from hemp stalk and seed, CBD is a legal substance which can be used with foods/nutritional supplements for consumer health and wellness benefits.
2688 South Rainbow Avenue
Altitude Organic Corporation (ERBB )
(formerly Amergence Group, Inc. – AMNG)
14220 N. Northsight Blvd.
BG Medical Technologies, Inc. (RIGH )
Cannabis Science, Inc. (CBIS )
Cannabis Science, Inc. is engaged in the research and development of medical marijuana. The company works on phytocannabinoid science, targeting illnesses to develop, produce and commercialize phytocannabinoid-based pharmaceutical products. The company focuses on creating cannabis-based medicines.
Creative Edge Nutrition, Inc. (FITXD )
Madison Heights, MI 48071
Endexx purchased and acquired from Hayes Pharmacy Inc., the exclusive operating technology, intellectual property, marketing and ownership rights to a proprietary pharmaceutical/pharmacy compliance, controls, privacy, verification and operations platform specifically designed to service the medical marijuana industry.
Fusion Pharm, Inc. (FSPM )
FusionPharm, Inc. provides a focused variety of support products and ancillary services primarily to the medical cannabis industry. They provide specialty equipment, financing, consulting and other industry-specific services to Medical Cannabis Centers, Infused Product Manufacturers and cultivation.
GreenGro Technologies, Inc. (GRNH )
GreenGro Technologies, Inc. is an environmentally friendly agricultural technology company dedicated to sustainable, compact growing systems for both the small home grower and commercial farmer alike. The company provides highly efficient eco friendly vertical hydrogarden systems, while.
Growlife, Inc. (PHOT )
Growlife, Inc. is engaged in designing and manufacturing of indoor mini-greenhouses capable of growing herb, vegetable, flower, fruit and terrestrial plant. The company makes and markets high end, progressive horticulture and lifestyle products in the United States
Properties: Stealth Grow LED, SG Sensors, Greners.com, Cannabis.org, Urban Garden Supplies, Phototron, GrowLife Productions
Hemp, Inc. (HEMP )
Hemp, Inc. focuses on supplying services, products, and information related to the medical marijuana industry. Hemp, Inc. products include nutraceutical products designed to improve concentration and joint flexibility, increase awareness and energy, and improve overall wellness, as well as to supply hemp and blue-green algae protein
Medbox, Inc. (MDBX )
Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox provides their patented systems, software and consulting services to pharmacies, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities.
Medical Marijuana, Inc. (MJNA )
Medical Marijuana, Inc. is the first publicly held company vested in the medical marijuana and industrial hemp markets. The company is comprised of a diversified portfolio of products, services, technology and businesses solely focused on the cannabis and hemp industries. These products range from patented and proprietary based cannabinoid products.
MediSwipe, Inc (MWIP )
MediSwipe, Inc. provides both online and wireless merchant payment solutions. The company offers a range of secure transaction processing solutions using Internet point-of-sale (POS), e-commerce, social networks and mobile terminals through its alliance partner network. The Company’s electronic payment processing – See more at:
(formerly Cannabis Medical Solutions – CMSI)
Palm Beach Gardens, FL 33410
Nuvilex, Inc. (NVLX )
Nuvilex has been a provider of all-natural products for many years, it recently expanded its company to increase its natural product based footprint through medical marijuana studies and is becoming an international biotechnology provider of live, therapeutically valuable, encapsulated cells and services for treatments, research and medicine.
Rapid Fire Marketing, Inc. (RFMK )
Rapid Fire Marketing is a holding Company for several businesses. The core business in Rapid Fire Marketing is the Vapor Inhaler, which is the base technology for the CANNAcig and follow on products. The company focuses on Vapor Inhaler development and sales that provides a solution for vaporizing.
Terra Tech Corp. (TRTC )
Terra Tech Corp. through its subsidiary GrowOp Technology Ltd. (GrowOp Technology) specializes in controlled agricultural technologies. The company integrates breed hydroponic equipment with technology to create solutions for the cultivation of indoor agriculture. It works with horticulturists, engineers, and scientists.
X-Change Corporation (The) (XCHC )
X-Change Corp. is a company whose niche is extract-based cosmeceutical and nutraceutical solutions through its Phytiva brand product line. X-Change Corp. has acquired both the Phytiva Brand of products and all associated rights and companies and the European JV with Dupetit from Cannabis Science, Inc.
12655 North Central Expressway