Viewing entries tagged
2014 - 02

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MIT City Farm Labs--Growing Plants With the Future in Mind

MIT City Farm Labs is doing something that people have needed and wanted to do for centuries--grow excellent plants in less space, for less time, using less water. Based in Boston, these forward thinking individuals use hydroponics and aeroponics to grow conventional vegetables in 98% less water than is normally required. And the veggies taste amazing. 

Using no chemicals, no pesticides, and taking only a fraction of the time they normally take to grow, this LED-lit grow lab very well could be the next wave in blooming veggies and flowers. 

With a far reaching vision, leveraging technology and unbridled curiosity, these are the types of people capable of not only revolutionizing the cannabis business, but also large scale agriculture worldwide. Projects like these get Poseidon Asset Management excited about investing in this space!

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Hemp Wins Limited Cultivation Rights

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Congress approved a bill this week overhauling federal farm and nutrition policies that will give permissions to grow hemp in certain areas of the U.S. for the first time in many years. 

The bill, now being sent to President Obama for approval, contains a brief clause authorizing colleges and universities to grow industrial hemp for research purposes, as long as their state permits cultivation of the plant. That gives nine states the thumbs-up: California, Oregon, Montana, Colorado, North Dakota, Kentucky, West Virginia, Vermont, and Maine. Another 11 states have bills pending before their legislatures this year.

Legalized growing of hemp had congressional allies from both ends of the political spectrum. Democrats from cannabis-friendly states have pushed to legalize hemp cultivation, as have Republicans from states where the plant could be a new cash crop.

In 2011, the U.S. imported $11.5 million worth of legal hemp products, up from $1.4 million in 2000. Most of that growth was seen in hemp seed and hemp oil, which finds its way into over 25,000 different products—from medicines to plastics to granola bars and other foods. Even BMW’s new electric car, the i3, uses hemp to line the door panels.

"This is big," Eric Steenstra, president of Vote Hemp, a group that advocates for the plant's legal cultivation, said late last month. "We've been pushing for this a long time."

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Georgia Introduces Medical Marijuana Bill

TheNation.com

TheNation.com

In another sign of the changing times, Georgia this week introduced a medical marijuana bill, which will eventually be assigned to the Health Committee. By "medical," they mean only cannabis high in CBC and low in THC.

The success of CBC in treating seizures received national attention recently, in part due to Sanjay Gupta's CNN documentary, "WEED." After hearing that CBC oil works better than other medications for seizure disorders, parents in Georgia who had children suffering from seizures began calling their representatives and demanding help.

The bill is very clear on this issue:

“WHEREAS, nothing in this legislation should be construed as encouraging or sanctioning the recreational use of cannabis, nor is this legislation to be construed as any intent of the General Assembly to be moving in the direction of the legalization of recreational cannabis.”

A prior bill was proposed in 1980, legalizing medical marijuana, however there was a sourcing problem. The only facility sanctioned to grow medicine was a federal facility that was shut down soon after the bill came up, and was thereby never implemented.  This week's bill has more hope of passing, seeing as it is being endorsed by both parents and doctors.

"No one has ever died of a cannabis overdose,” said Dr. Uma Dhanabalan, MD, founder of Global Health and Hygiene Solutions in Cambridge, Massachusetts.People have died from Aleve and Ibuprofen... patients [with chronic pain] can be weaned off their pharmaceutical narcotics with cannabis.  All pharmaceuticals are metabolized by the liver and kidney, so they have some impact in the long run."

"There is a whole cannabinoid system and THC is one component of it but there are CBC, CBG, a whole array of different products that works specifically for different ailments… The first thing that needs to happen, on the federal level, is cannabis must be removed from Schedule One... Next thing that needs to happen is a consistent medical criteria must be set… Cannabis in not an entrance drug - it is an exit drug from [pharmaceutical] narcotics.” 1

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Steve Cohen Puts it to US Drug Czar

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Steve Cohen Puts it to US Drug Czar

Rep. Steve Cohen tore into deputy drug czar Michael Botticelli on Tuesday, highlighting federal drug policy's failure to address the substances "ravaging our country" while still considering marijuana to be as dangerous as heroin.

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