Products, a Medical Marijuana News & Information Portal. Our site will will provide live news feeds as it pertains to the fast moving Medical Cannabis industry, featuring news to both individuals and companies engaged in, or in support of the legalization of Medical Cannabis. Our site will also provide an outlet to Public companies for advertisement for those engaged

A New Generation Of Medical Cannabis

America’s New Cash Crop

Medical cannabis (or medical marijuana) refers to the use of cannabis and its constituent cannabinoids, such as tetrahydrocannabinol (THC) and cannabidiol (CBD), as medical therapy to treat disease or alleviate symptoms. The Cannabis plant has a history of medicinal use dating back thousands of years across many cultures

Hundreds of job seekers from all sectors line up for a marijuana industry employment fair in Denver. Marijuana advocates have come to lobby Washington before, often to argue for more lenient treatment under federal law. But on Thursday, buoyed by a flurry of state decisions that have expanded the legal use of marijuana, the cannabis crowd came less as social activists than as entrepreneurs, asking Congress to remove some of the obstacles that stand in the way of their fledgling businesses. They met with staff members to ask for changes to the tax code, which prohibits the businesses from taking standard deductions for expenses. And they huddled in congressional offices to make the case for other changes that would encourage banks to work with legal cannabis businesses.  If their aims seemed mundane, even technical, it was a measure of how far the marijuana movement has come in just a few years. Medical marijuana is now legal in 20 states and the District of Columbia. Last year, Colorado and Washington state made marijuana fully legal for adults, and similar efforts are gathering steam elsewhere in the country. Colorado collected about $2 million in marijuana taxes in January, the first month that sales for recreational use were permitted — a detail that was mentioned often Thursday. “This is an issue that is absolutely at its tipping point,” Celinda Lake, a longtime Democratic pollster, said at a Hill briefing organized by the group in a formal room that is usually home to the House Budget Committee. She cited recent polling that shows that younger voters are the strongest supporters of legalizing marijuana, but that backing for legalization is increasing among people of all ages. The group also heard from Reps. Earl Blumenauer (D-Ore.), Dana Rohrabacher (R-Calif.), and Jared Polis (D-Colo.), each of whom spoke out in support of some of an array of proposed marijuana-related legislation. They also lamented that Congress has not kept up with the pace of change in the states. “We’re in this never-never land on Capitol Hill,” Blumenauer said. “But we’re watching the rest of America march forward.”  The cannabis association, founded in 2010, counts about 550 member businesses across the country and recently hired its first full-time Washington lobbyist. Fewer than 10 people participated in its first Washington event, in 2011, and last year, about 45 members flew in for Hill meetings