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Detroit Free Press; Cashing in on medical pot laws - Tech company looks to assist patients - $MWIP, Michigan

02/24/2013 -- The Detroit Free Press reports:

A small, publicly traded tech company hopes to cash in on Michigan's medical marijuana laws by offering patients apps to find doctors to write them recommendations, digital identification cards and cashless transactions at marijuana distribution centers.

MediSwipe is moving its headquarters to Birmingham from Florida this week and plans to open additional workspace in Ann Arbor in May -- and hire a dozen employees.

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Entrepreneur funds startup NewsMakeup.com from his Marijuana Stocks profits

The website NewsMakeup.com is the brainchild of Adam Gassman. In an interview with BusinessInsider.com, Adam divulges that he funded his venture with profits from investments in marijuana stocks. He was also kind enough to give MarijuanaStocks.com a mention, and we appreciate it.

Congrats, Adam, on your investing/trading. OK, we're secretly hoping this isn't a spoof from "the least trusted name in news" but regardless, best of luck with NewsMakeup.com and thanks much for the shoutout!

We hope there will be many more "Adam's" out there in coming years.

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European Medical Marijuana product Sativex is challenged by North America’s New Cannabis Pill Idrasil, Says Doobons


Idrasil, a full-spectrum cannabinoid pill, satisfies the medical community with its standardized 25 mg tablet and changes the way patients and physicians view medical marijuana.

San Francisco, CA (PRWEB) May 19, 2012

Doobons.com and Idrasil are discovering that the groundbreaking new medical marijuana pill, Idrasil, is in high demand by patients all over the world who are looking for the benefits of cannabinoid therapy without the negative social stigma or smoke inhalation.

“As soon as the Doobons-Idrasil partnership was announced, I was constantly fielding phone calls from all over the US, Canada as well as the UK, Australia, Germany and Israel” said John from Doobons.com. “It is clear that this is a revolutionary medication that people not only want, but need.”

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Of Interest: Leading Natural Product Brands, Retailers, Celebrities and Grassroots Activists Team Up to Produce Third Annual 'Hemp History Week'

Public Education Campaign Aims to Allow Industrial Hemp Farming Again in the U.S.

WASHINGTON, March 6, 2012 /PRNewswire-USNewswire/ -- The Hemp Industries Association (HIA) and Vote Hemp have announced plans for the 3rd Annual Hemp History Week to be held on June 4-10, 2012. A national grassroots education campaign designed to renew strong support for hemp farming in the U.S., Hemp History Week 2012 will feature events in cities and towns throughout all fifty states. The multi-faceted campaign will feature grassroots volunteer-led events, retail promotions, a restaurant program, a day of action and an online petition drive to encourage the Obama Administration and Congress to change federal policy and allow American farmers to once again grow industrial hemp. A new Web site, along with a promotional video for the 2012 campaign, is viewable at www.HempHistoryWeek.com.

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Of Interest: Colorado Poised for Ballot Measure to Legalize Marijuana

thenewamerican.com reports:

Getting busted for pot possession may become a thing of the past in Colorado come this November, when voters in that state decide whether or not to make the drug clear and legal for recreational use. As reported by the Seattle Times, Colorado joins Washington State, which in early February tallied enough signatures to place a referendum before the voters on legalizing marijuana.

If the initiative passes in Colorado, individuals 21 and older will be able to legally possess up to one ounce of marijuana for personal use. The measure would also allow residents to grow up to six marijuana plants in their home, and specially regulated stores would be licensed to sell the drug. The measure includes an option that would allow communities to ban such businesses if they desire.

Read the full story at thenewamerican.com >>

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Of Interest: Green Asset International Secures USD $100 Million Equity Line Funding with Equity Partners Fund SPC

BEVERLY HILLS, Calif., Feb. 20, 2012 /PRNewswire-iReach/ -- Green Asset International, (GreenAssetInc.com) Chairman and CEO Cheryl Shuman announced today that it has signed a term sheet to enter into a Special Private Placement Agreement (SPPA) for $10,000,000 of equity line funding with Equity Partners Fund SPC (EPF). The terms give Green Asset the right to increase the amount of the equity line funding up to $100,000,000.

The terms of the SPPA allow Green Asset to draw down funding over a three-year period once the company is listed and has an effective registration statement covering the shares to be sold pursuant to the SPPA. The SPPA also provides that the price at which shares may be subscribed by EPF is 90% of the lowest daily volume weighted average price during the fifteen consecutive trading days selected by Green Asset and set forth in a draw down notice sent to EPF. Green Asset is able to specify a minimum acceptable price for each draw down period to prevent significant dilution in the market below what the company feels is an acceptable price.

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