Florida Senator Submits Bill that would Legalize Medical Marijuana

On Monday, a top Republican state senator filed a bill which would allow Floridians who suffer from debilitating medical conditions access to medical-grade marijuana. The bill mirrors parts of the proposed constitutional amendment that did not meet the 60 percent threshold to pass during the November 2014 midterm elections.

American Academy of Pediatrics strongly supports the decriminalization of marijuana

A group of leading U.S. pediatricians stated that marijuana should be decriminalized and it should be reclassified out of its current Schedule I label. These actions would lead to increased medical research and it would teach us about the medical benefits associated with cannabis.

The American Academy of Pediatrics recognized that marijuana may be a treatment option for kids "with life-limiting or severely debilitating conditions for whom current therapies are inadequate."

President Obama expects to see more states legalize marijuana

Not too long ago, an aide for the Obama administration said that the President does not plan on doing anything new regarding the marijuana policy during his final two years in office. His statement upset some marijuana advocates around the country and on Thursday, President Obama broke his silence. President Obama said on a YouTube interview that he expects to see more states experiment with marijuana legalization.

Welcome to the Green Age, Nevada

Nevada is about to enter the green age and it has been a long time coming. Even though medical marijuana was legalized in 2000, the state never established a formal system for growing and distributing cannabis. Patients are required to grow their own medical marijuana for personal use. Lawmakers approved a statewide system of dispensaries, growing facilities and labs in 2013. It has taken Nevada nearly two years to write rules, collect applications and award licenses.

Illinois: A State of Emergency

Illinois is the perfect example of problems in the marijuana industry. It has been nearly 18 months since the former governor of Illinois, Pat Quinn, legalized medical marijuana. During those 18 months, not a single patient has received it. Many Illinois residents hoped that the former governor would fix this problem prior to leaving office, but he did not. His term ended on Monday, January 12, 2014, and the new governor will most likely destroy all the progress that has been made.

Why should I invest in the cannabis industry?

Many investors have asked me this question, which is definitely expected, and the answer varies from person to person. Through my own experience, I have come to the conclusion that there are two groups of investors in this emerging industry. The first group believes that marijuana will be fully legalized soon and recognize the benefits of its decriminalization.

Rescheduling Marijuana: The biggest catalyst for 2015

The marijuana industry is at a turning point. The major catalyst for the marijuana industry during 2015 is the rescheduling of marijuana out of its current Schedule I classification. In late October, U.S District Judge Kimberly Mueller listened to testimonies during a five day evidentiary hearing aimed at determining if the Schedule I dangerous drug is unconstitutional.