Ganja Vibes Blog

Doug Fine // Too High To Fail

Too High To Fail

From the bestselling author of Farewell, My Subaru, Too High to Fail is the first in-depth look at the burgeoning legal cannabis industry and how the “new green economy” is shaping our country. “Fine has written a well-researched book that uses the clever tactic of making the moral case for ending marijuana prohibition by burying it inside the economic case.” -Bill Maher in The New York Times “Fine examines how the American people have borne the massive economic and social expenditures of the failed Drug War, which is ‘as unconscionably wrong for America as segregation and DDT.’ A captivating, solidly documented work rendered with wit and humor.”  -Kirkus (Starred Review) “In his entertaining new book…(Fine) successfully illuminates an unusual world where cannabis growers sing ‘Happy Birthday’ to (friendly law enforcement) while crossing their fingers against the threat of federal raids.This informative book will give even hardened drug warriors pause.” -Publisher’s Weekly “An important book.” -Michael Pollan The nation’s economy needs a jump start, and there’s one cash crop that has the potential to help turn it around: cannabis (also known as marijuana and hemp). According to Time, the legal medicinal cannabis economy already generates $200 million annually in taxable proceeds from a mere five hundred thousand registered medical users in just sixteen states. Though thanks to Dick Nixon and America’s longest war — the War on Drugs — cannabis is still technically synonymous with heroin on the federal level even though it has won mainstream acceptance nationwide – 51% of Americans support full legalization (cannabis regulated for adults like alcohol), and 80% support medicinal cannabis legalization. ABC News reports that underground cannabis’s $35.8 billion annual revenues already exceed the combined value of corn ($23.3 billion) and wheat ($7.5 billion). Imagine if the American economy benefited from those numbers, instead of going into criminal drug gang bank accounts.  Actually, you don’t have to imagine: it’s already happening in Canada and Europe, though as yet U.S. leaders won’t heed the call to end the forty-year, trillion-dollar Drug War you have been financing to almost no effect since 1971. Considering the economic impact of cannabis prohibition—and its repeal—Too High to Fail isn’t a commune-dweller’s utopian rant, it’s an objectively (if humorously) reported account of how one plant can drastically change the shape of our country, culturally, politically, and economically. In what can now be called his usual wild, hysterical fashion, and with typically impeccable investigative journalistic result, globe trotting, vegetable oil truck-driving rugged individualist goat herder Doug Fine extrapolates a model for the multi-billion-dollar legal, sustainable, cartel-crippling economy that can result when the failed Drug War is finally called off and cannabis is regulated like alcohol in North America. Too High to Fail covers everything from a brief history of hemp to an insider’s perspective on a growing season in Mendocino County, California, where cannabis drives 80 percent of the economy (to the tune of $8 billion annually). Fine follows one plant from seed to patient in the first American county to fully legalize and regulate cannabis farming. He profiles an issue of critical importance to lawmakers, venture capitalists, climatologists and ordinary Americans—whether or not they inhale. In classic Doug Fine fashion, Too High to Fail is a wild ride that includes swooping helicopters, college tuitions paid with cash, cannabis-friendly sheriffs (a decorated lawman who says, “I woke up and realized the sun still rises and there is still an America with legal cannabis”), and never-before-gained access to the world of the emerging legitimate, taxpaying “ganjaprenneur.” What the critics are saying: Fine examines how the American people have borne the massive economic and social expenditures of the failed Drug War, which is “as unconscionably wrong for America as segregation and DDT.” A captivating, solidly documented work rendered with wit and humor.  -Kirkus (Starred Review) In his entertaining new book…(Fine) successfully illuminates an unusual world where cannabis growers sing “Happy Birthday” to (friendly law enforcement) while crossing their fingers against the threat of federal raids.This informative book will give even hardened drug warriors pause. -Publisher’s Weekly “Fine has written a well-researched book that uses the clever tactic of making the moral case for ending marijuana prohibition by burying it inside the economic case.” -Bill Maher in The New York Times “An important book.” -Michael Pollan http://youtu.be/W-i79S13YPA via Doug Fine // Too High To Fail.    

Marijuana-dispenser stock gets too high - MarketWatch

By Quentin Fottrell

Arno van Dulmen / Shutterstock.com

A company that creates medical-marijuana dispensing machines says its stock is getting way too high.

Medbox MDBX -90.24%   shares surged 3,000% this week -- from roughly $4 Monday to $215 Thursday -- before falling to $100 after executives sought to dampen investor enthusiasm.

In a news release today, the company said that the stock’s rocket launch, which sent its market cap skyrocketing from $45 million at the start of the week to a staggering $2.3 billion, was ignited by a MarketWatch story Tuesday on how to invest in legalized marijuana (see How to invest in legalized marijuana .) (That’s about double the market capitalization of retailer Jos. A. Bank Clothiers.) The stock, which fell around 50% in early trading Friday, still hovers at $100. “We believe an appropriate trading range is between $5 and $10 but, alas, the market will do what it will do,” says Medbox founder Vincent Mehdizadeh.

How to invest in legalized marijuana

Several states made recreational use of marijuana last week. There are several small-cap stocks that stand to gain from marijuana's growing acceptance, Quentin Fottrell reports.

At the height of trading this week, $600,000 to $700,000 worth of purchases were made, an unusually high volume for a company of this size. “It was astonishing,” Mehdizadeh says. “We couldn’t really understand why that was happening other than that there was a high demand for stock with limited supply.” It was “thin volume,” but Mehdizadeh says he doesn’t know whether it was one hedge fund or several big buyers.

The company says it’s also investigating ways to minimize any potential shareholder losses. Medbox is in discussions with its attorneys to see if it can reward early investors with company-owned shares should the price they bought at in recent days fall significantly. “We don’t want those investors to have sour feelings about what happened,” Mehdizadeh says. “Obviously day traders are having a field day lately trading our stock.”

But it’s very risky to invest in drugs prohibited at a federal level, experts say. Nearly 500 of the estimated 3,000 dispensaries nationwide have closed or were shut down by the federal government in the past year, according to StickGuide.com, an online directory for medical marijuana dispensaries. Currently, Medbox has 130 dispensers in the field and is due to install 40 more next month, and says it’s looking at the broader pharmaceutical market.

While the rush investors got from the company’s wild surge this week may be matched in coming years, the Hollywood, Calif.-based company says it is confident in its future prospects. Medbox reported a third-quarter revenue of $1.3 million, up from $850,000 in the second quarter. Medbox forecasts revenue of $24 million by the end of the fiscal year 2014 and $48 million by the end of fiscal 2016. It expects earnings before interest, depreciation and amortization to remain at a “healthy” $10.2 million and $22.1 million during those periods. “Real companies don’t need hype,” Mehdizadeh says.

“We feel within 10 years we could legitimately have share prices hit $215 again,” Mehdizadeh says. Currently, there are around one million shares available for trade and, this time next year, he says there will be another one to two million shares trading. Although the company focuses primarily on medical marijuana, he says the temperature-controlled dispensing machines could also be used in prisons and 24-hour drug stores for a larger range of drugs Marijuana-dispenser stock gets too high - MarketWatch.  

Sign the petition, Be the CHANGE!

Help change. To list Marijuana as a schedule 1 drug is ridiculous and a hinderance to the natural health care of everyone. Sign the petition, be a part of history and help yourself and your children. Have you enjoyed watching sick family members suffer and diminish because of adverse effects of pharmaceuticals? Choose Cannabis and let your government know where you stand. Don't let fear of voicing facts and your position stand between what's right and what's wrong. Be the change!

WE PETITION THE OBAMA ADMINISTRATION TO:

Remove marijuana from the federal Controlled Substance Act and allow the states to decide how they want to regulate it.

Some states have clearly indicated that they wish determine how to regulate marijuana at the state level through medical marijuana programs or by legalizing personal use. Please remove federal implications by removing marijuana from the Controlled Substance Act.
Created: Nov 07, 2012

SIGNATURES NEEDED BY DECEMBER 07, 2012 TO REACH GOAL OF 25,000

24,974

TOTAL SIGNATURES ON THIS PETITION

26

You've already signed this petition

go to: https://petitions.whitehouse.gov/petition/remove-marijuana-federal-controlled-substance-act-and-allow-states-decide-how-they-want-regulate-it/lzSd9fcG

THANK YOU!

What a week this has been. For starters, as we were putting to bed our February 2013 issue (we work way in advance) featuring the2013 Hydro Report, Hurricane Sandy hit, and those of us here on the eastern seaboard were suddenly confronted with more water than any of us had ever seen before. Ironic? Poetic? Prophetic? While we were telling you folks how to grow pot in water-based systems, Sandy’s wind and rain took out lower Manhattan, as well as large parts of Staten Island, Brooklyn, Queens, Long Island, and the Jersey Shore. It also took out the HIGH TIMES office for a week.
We learned our own lesson about water – that it has a will of its own and that too much or too little can be lethal for you or your plants.  After a lot of last minute scrambling, we had the issue ready to go.
But stop the presses!
On November 6, something bordering on the miraculous happened. Marijuana was legalized for recreational use in the states of Colorado and Washington,Massachusetts became the 18th state to legalize pot for medicinal use, and folks in Detroit, Flint, Grand Rapids, and Ypsilanti, Michigan voted to decriminalize.
The Feds must be shaking – and it’s not due to all that coffee they drink on those stakeouts. This is a real coup, and those who worked on these initiatives should roll up a fat victory joint, sit back, and contemplate their place in the history books.
A special congratulations should be offered to a few of the many hard working people behind Colorado and Washington’s successful legalization initiatives.
Mason Tvert, a long-time marijuana law reformer and HIGH TIMES 2012 Freedom Fighter of the Year, is the co-director of the Campaign to Regulate Marijuana Like Alcohol, which made history by legalizing up to an ounce of cannabis in Colorado this Election Day.
Not to be out done, Washington’s I 502 legalized pot as well. Alison Holcomb’s tireless work as the initiative’s campaign director and primary architect should be recognized, as should Rick Steves'. The PBS travel host, NORML board member, and marijuana advocate lent his name and time to help the initiative pass – including a multi-city I 502 educational tour.
Those who worked for the initiatives in Oregon and Arkansas that didn’t pass should be proud of themselves too, because they stood and they fought. The Forces of Darkness must not be allowed to succeed unto victory unchallenged. Those in possession of the Light must make a stand. And when Light gets trampled underfoot, it must rise again, because Light, weak as it may be at times, is immortal and will get stronger with every battle it fights. People have a will of their own, too, when they choose to use it.
So say a prayer for those still suffering in Staten Island, Coney Island, Long Beach, the Rockaways, Atlantic City ... The list goes on and on. And really, this is where the Feds should be concentrating their efforts anyway – on helping people in need.
But, man, I cannot wait to see the expression on their faces when we start making the case for amnesty for marijuana prisoners. Because if they don’t send the National Guard in to stop the implementation of these voter initiatives in Washington and Colorado, the federal government is de facto accepting legalization for recreational use, which will set a precedent that defense attorneys can have a lot of fun with.
The fight continues. More updates to come on hightimes.com. Peace,
Chris Simunek
 
  http://hightimes.com/lounge/csimunek/8012  

California NORML's conference marking the 100th anniversary of marijuana prohibition in California

  All are invited to California NORML's conference marking the 100th anniversary of marijuana prohibition in California.   Cannabis in California: Ending the 100 Year War January 26 & 27, 2013 Ft. Mason Conference Center, San Francisco All are invited to California NORML's conference marking the 100th anniversary of marijuana prohibition in California. This two-day event, held January 26 & 27, 2013 at Ft. Mason Conference Center in San Francisco, will explore the history, causes and costs of the war on cannabis, and strategies for ending it. Speakers at this historic conference will include leading experts on cannabis, reform movement leaders, public officials, attorneys, scientific and medical experts. Following up on Cal NORML's "Next Steps" conferences of 2011, we will discuss concrete measures to reform California's cannabis laws, both medical and otherwise, through legislation, litigation and ballot initiatives. Special early bird CalNORML Member Registration is $65 for both days. Non-Member Earlybird Registration is $75. The Radisson at Fisherman's Wharf is offering a special room rate for attendees. Call 415-392-6700 and ask for the California NORML group rate. Proposals for participation and sponsorship are invited at: conference@canorml.org or (415) 563-5858.    
 

Why is Marijuana still illegal?

Posted by Mr.Ed on January 6, 2012 at 5:07am in Spirituality In General The reason cannabis remains illegal to this day is not much of a secret. A select group of people make a ton of money from the prohibition of marijuana and they will go to any lengths to keep it illegal. But there are some out there new to the cannabis movement, and many of them wonder why a natural plant is so demonized and forbidden. This video – although from 2010 – explains it simply and is the perfect rallying cry for marijuana law reform forces in 2012. Spread this video far and wide. Information is power for those who are on the right side of history. High Times Magazine: Why Is Marijuana Still Illegal? http://the420times.com/2012/01/why-is-marijuana-still-illegal/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+The420Times+%28The+420+Times%29Alex Jones Video: (short clip)

Discovery Channel Documentary - Weed Wars: Weed Wars: Medical Marijuana Hits Reality TV - YouTube

Marijuana Myth & Facts: Marijuana - Myths And Facts - YouTube

via Why is Marijuana still illegal? Alex Jones - Joe Rogan - Weed Wars (Videos) - Ashtar Command - Spiritual Community Network.