Source: @norml @WeedConnection
Posted By: norml@weedconnection.com
media :: news - Tue, 19 May 2015 04:20:21 PST
Study: Legal Cannabis Industry To Generate $10 Billion Revenue By Year's End
Pawtucket, RI: Sales involving legal marijuana products and marijuana-related services are estimated to total $10 billion by year's end, according to a report issued by the publication Marijuana Business Daily. Authors based their findings on survey data provided by 1,000 business owners and their financial backers.
According to the report, sales of cannabis and/or cannabis-infused products are expected to total some $3.1 billion by year's end. Another $6.9 billion in revenue is estimated to come from ancillary businesses and product sales.
The report's authors estimate that revenue specific to the legal cannabis industry could be as much as $29 billion annually by 2019.
The report identifies between 46,000 and 60,000 people legally employed in enterprises involving the production or retail sale of marijuana. This total is significantly higher if ancillary products and services companies are included.
Harris Poll: 81 Percent Of Adults Support Legalizing Marijuana For Medical Treatment
Rochester, NY: More than 80 percent of US adults favor legalizing cannabis for therapeutic purposes, according to the results of a nationwide Harris poll.
Eighty-one percent of respondents, including super-majorities of Democrats, Republicans, and Independents, expressed support for legalizing marijuana for medical treatment. The result is an increase of seven percentage points since Harris pollsters last posed the question in 2011.
Forty-nine percent of respondents said that they believed cannabis should be legal recreationally (up from 42 percent in 2011). Majorities of Democrats (58 percent) and Independents (55 percent) backed legalization, but only 27 percent of Republicans did so. Several other recent polls, including those commissioned by the Pew Research Center, Fox News, and the General Social Survey, have shown majority support for the adult regulation of marijuana.
A majority of Republicans (51 percent) acknowledged that marijuana policy should be decided at the state level and not by the federal government. Forty-seven percent of Independents, but only 37 percent of Democrats, shared this position.
Study: Parents Report CBD Extracts Reduce Seizures In Children
Los Angeles, CA: The administration of cannabis preparations high in cannabidiol (CBD) are associated with a reduction in seizure frequency in adolescents, according to survey data published in the journal Epilepsy & Behavior.
Investigators at Mattel's Children's Hospital at the University of California, Los Angeles surveyed 117 parents who reported administering CBD-enriched products to their epileptic children. Authors reported that 85 percent of respondents acknowledged a reduction in their child's seizure frequency, and 14 percent reported complete freedom from seizures following CBD dosing. A high proportion of respondents also reported improvement in their child's alertness (71 percent), mood (63 percent), and sleep (53 percent) during CBD therapy.
Separate clinical trial results publicized in April at the 67th Annual Meeting of the American Academy of Neurology reported that the administration of a proprietary form of CBD extract decreased seizure frequency by 54 percent over a 12-week period in children with treatment-resistant epilepsy.
Survey data compiled by Stanford University researchers in 2013 reported that the administration of cannabidiol-enriched cannabis decreased seizures in 16 of 19 patients with pediatric epilepsy.
A retrospective study, published in April in Epilepsy & Behavior, similarly reported that the administration of oral cannabis extracts mitigates seizure frequency in up to 57 percent of pediatric subjects.
Full text of the study, "Perceived efficacy of cannabidiol-enriched cannabis extracts in treatment of pediatric epilepsy: A potential role for infantile spasms and Lennox-Gastaut syndrome," appears in Epilepsy & Behavior.
Michigan: East Lansing Voters Approve Marijuana Depenalization Measure
East Lansing, MI: Voters approved a municipal ballot measure last week that removes criminal and civil penalties for minor marijuana offenses.
Over 65 percent of voters decided in favor of the measure, which amends local law to eliminate penalties for activities involving the possession or transfer of up to one ounce of cannabis on private property.
East Lansing is the seventeenth Michigan city to approve a municipal ballot initiative depenalizing marijuana related activities. Voters in Saginaw (population 51,000) and Port Huron (30,000) approved similar measures in November.
Statewide legislation to decriminalize marijuana possession offenses is pending, but has yet to be heard in the 2015 Michigan legislature.
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