Blog Page 1295

Insys Therapeutics Reports Second Quarter 2016 Results

News of Marijuana
News of Marijuana

PHOENIX, Aug. 03, 2016 (GLOBE NEWSWIRE) — Insys Therapeutics, Inc. (NASDAQ:INSY) ("Insys" or "the Company") today announced financial results for the three-month period ended June 30, 2016.

Highlights of and subsequent to the second quarter of 2016 include:

Total net revenue was $67.1 million, compared to $77.6 million for the second quarter of 2015;

Net income totaled $4.4 million, or $0.06 per basic and $0.06 per diluted share, compared to net income of $7.3 million, or $0.10 per basic and $0.10 per diluted share, for the second quarter of 2015;

Cash, cash equivalents and investments were $193.7 million as of June 30, 2016; and

Insys received FDA approval for the m…Original Article

Cannabis Sativa, Inc. Signs MOU to Acquire iBudTender Virtual Portal

News of Marijuana
News of Marijuana

Cannabis Sativa, Inc. Signs MOU to Acquire iBudTender Virtual Portal MESQUITE, NV / ACCESSWIRE / July 26, 2016 / Cannabis Sativa. Inc. (OTCQB: CBDS) announced today the signing of a Memorandum of Understanding to acquire Ibudtender, the first truly smart cannabis web app tailored as a virtual budtender for patients, as well as a B2B…

The post Cannabis Sativa, Inc. Signs MOU to Acquire iBudTender Virtual Portal appeared first on Cannabis Sativa, Inc..

Original Article

How PTSD became the most divisive medical marijuana issue in America

News of Marijuana
News of Marijuana

Despite the public policy adoption of medical marijuana as a treatment for PTSD, questions loom for some in the medical and mental health communities.Original Article

Air Force vet: Cannabis combats my PTSD ‘100 times better’ than pharmaceuticals

News of Marijuana
News of Marijuana

Veteran Stephen Otero's PTSD symptoms led to a suicide attempt. Otero, now with a healthy lifestyle and marijuana as medicine, hopes to help other vets.Original Article

American Cannabis Company Announces Kush Bottles Inc. Places Order for Approximately 100,000 Satchel Units

News of Marijuana
News of Marijuana

American Cannabis Company, Inc. (OTCQB: AMMJ) (the "Company"), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, today announced it has received an order from Kush Bottles Inc. for approximately 100,000 units of its patented Satchel™ exit bag.

The post American Cannabis Company Announces Kush Bottles Inc. Places Order for Approximately 100,000 Satchel Units appeared first on American Cannabis Company.

Original Article

Insys Therapeutics to Report Second Quarter 2016 Results

News of Marijuana
News of Marijuana

PHOENIX, July 20, 2016 (GLOBE NEWSWIRE) — Insys Therapeutics, Inc. (NASDAQ:INSY) (“Insys” or “the Company”) today announced that the Company will release its financial results for the second quarter 2016 on Wednesday, August 3, 2016, before the U.S. financial markets open.

Following the release of the financial results, Dr. John N. Kapoor, President and Chief Executive Officer, and Darryl S. Baker, Chief Financial Officer, will host a conference call at 10:00 a.m. Eastern Time.
Interested parties may participate in the conference call by dialing (877) 349-4844 (U.S.) or (262) 558-6141 (International), 5-10 minutes prior to the start of the call. A replay will be available shortly after…Original Article

June Newsletter: Be The Good You Want to See

News of Marijuana
News of Marijuana

Each month, we publish a newsletter discussing a trending topic within the cannabis industry and how it shapes Surna’s philosophy. To be one of the first to receive this information, be sure to sign up for our email list.

As the cannabis industry evolves and finds itself within the larger economy, there has been much debate about what the industry will become. There is much talk about “Big Marijuana” becoming similar to that of “Big Tobacco” and the dangers such an industry shift would pose. However, with the cannabis industry still in a relative infancy, it is still possible for us to shape the course of the industry to be something we can all be proud of, something that works within the larger community to work towards the better.

A report from the Brookings Institute released earlier this month suggests it is not only possible, but highly likely that the cannabis industry will become more like the alcohol industry than the tobacco industry. This is a highly favorable outlook as people generally approve of the alcohol industry and the way it handles itself. Additionally, unlike the tobacco industry, the alcohol industry, and hopefully the cannabis industry, allows for both large and small companies to thrive. In fact, “larger companies will actually contribute to making the smaller companies better.”

As the report states, “Concern should be bad marijuana, not big marijuana.”

The legal cannabis industry has a chance to improve upon the cannabis market by focusing on being a force for good, supporting the positive development of our community and being as efficient as possible.

After all, according to the report, companies that “treat their endeavors as traditional businesses that produce a nontraditional product are much more likely to succeed.” At the heart of the cannabis industry, this is what needs to happen. The industry needs to be allowed to grow and foster competition like any other, while also focusing on what makes the product unique, starting with production.

Cannabis production requires a number of different factors and, “producing bud that meets consumer expectations is a difficult agricultural endeavor requiring more than seed, soil and sun.” It requires passion. Passion to create the best product possible and the desire to create a strong, legal industry.

As the cannabis industry grows, it is important to remember that “producing at scale generates efficiencies.” These stated efficiencies ultimately lead to a healthy, competitive industry where we can all thrive. The best way to stay competitive in the growing industry is to keep an eye on operational costs and make your business as efficient as possible.

Energy efficient equipment plays a large role in decreasing monthly operating costs and allowing businesses to be more competitive. It is also important to look at operating procedures that allow for the creation of a consistent product, crop after crop. After all, as with any industry, the brands that thrive will not only be the most efficient, they will also be the most consistent. “Consumers come to expect consistent quality, and that each time they purchase a product – no matter where or when they bought it – they are getting the same experience as last time.”

Take a moment to look around your business and see if it is contributing to the standard you want the cannabis industry to uphold. If not, start with small changes, such as adding more efficient equipment or air sanitation, or by streamlining procedures to make your product more consistent, or by becoming part of the larger community. Together, we can all create a legal cannabis industry to be proud of, an industry other industries want to be like.

The post June Newsletter: Be The Good You Want to See appeared first on Surna.

Original Article

Weed: 3.0

News of Marijuana
News of Marijuana

Original Article

Keeping the Garden Clean

News of Marijuana
News of Marijuana

Protecting the biosecurity of a facility involves a variety of best practices. Instead of explaining what we think is the best way to ensure healthy plants through biosecurity, we’d like to share what some of our clients and partners think.

Industry Consultant:

“We design facilities to eliminate as many biohazards from being introduced as possible. We design for exclusion. The best way of eliminating something is to not introduce it in the first place. That means keeping biohazards from coming in from the outside.

Always design facilities so that everyone coming in from the outside goes through a clean room process. This minimizes the number of outside contaminants that can be brought into a grow. All staff should wear scrubs or uniforms that are laundered after each shift. No outside shoes should be allowed inside the clean areas.

Additionally, access to the cultivation facility should be restricted. Minimize the number of people in the facility and only allow necessary personnel to have access to certain areas of the facility. This limits the number of people going through and reduces the likelihood of contaminants being introduced or spread throughout a facility.”

-Jay Czarkowski, Founding Partner, Canna Advisors

Commercial Cultivator:

“Keep executive leadership and administrative staff OUT OF THE GARDEN. Isolate your garden, make it a fun safe place to work, and make it like Fort Knox for people to get in.

Required clothing changes, daily and weekly clean down procedures and processes. Cleaning the mechanical equipment thoroughly and regularly. Utilizing material when building your gardening rooms that doesn’t absorb moisture and can easily be cleaned to be sanitary.

I call it a “Grow Flow” which is a garden based workflow designed to isolate your garden rooms in an indoor environment while allowing for the most productive workflow possible. It is an arduous concept to work on that requires diligence in both planning and execution. It is an ongoing challenge we face in this new industry to set the Grow Flow standards for future generations of indoor commercial cannabis producers. The more the world learns how we do it, the better the world will do it.”

-Fitz Couhig, Pioneer Nuggets

“Clean room techniques:

  • Filtered Supply air to pressurize the facility including Carbon, HEPA filtration and photo catalyst sterilization technology used within the facility.
  • Sterilized footwear (Crocs) for all persons on the facility floor and footbaths throughout.
  • Clean clothes for all employees and visitors and nitrile glove use mandatory for plant and product handling.
  • Thorough cleaning of grow rooms every cycle using checklists and atomizer equipment.
  • Monthly filter replacement in all areas.
  • Hydrogen peroxide, isopropyl alcohol, and both aqueous and gaseous ozone for various sanitation applications.”

-Sean O’Leary, COO, Pioneer Nuggets

Biological Engineer:

“”Keeping a grow clean is a huge challenge since factors such as workflow, climate control, air sanitation, and employee compliance can impact the overall cleanliness of a facility. Facility hygiene should always start by focusing on controlling hazards, and preventing the introduction of contaminants rather than focusing on remediation when problems do arise. It’s important to frequently monitor a facility through environmental testing to ensure what you are doing is working. Through testing it’s easier to validate facility cleanliness as well as create accountability throughout the whole production process.”

-Michael Caffrey, Biological Engineer, Surna

The post Keeping the Garden Clean appeared first on Surna.

Original Article

What We Learned from the 2016 NCIA Cannabis Business Summit Recap

We had a great time in Oakland last week for NCIA’s 3rd Annual Cannabis Business Summit & Expo. This year, the show moved to Oakland, allowing the industry to get a feel of what it will be like when California legalizes adult use.

Based on conversations we had with people at the show, we confirmed that California is very enthusiastic about a legal, regulated market and the opportunities it presents. As we have seen with each new state to legalize, technological advancements soon follow.

When business owners are confident in regulations that support cannabis businesses, they are more likely to invest in high-tech and efficient methods for their cultivation center. This works to help fuel a more efficient industry overall.

Stephen Keen speaking at NCIAOur Director of Technology, Stephen Keen, was on a panel about “Methods and Design Strategies for Large Scale Commercial Operations” with Alex Cooley from Solstice, Christopher Wrenn from AEssence and Jennifer Martin from Buds and Roses Collective that highlighted the benefits that can come from the perceived safety net of legalization and regulation.

Some of the highlights from this standing room only session include:

  • “Now, I get to talk about 5 and 10-year plans. So we get to speak differently about how we set up our buildings” – Alex Cooley of Solstice
  • “Remodeling your facility is almost never an option…think about your budget and facility design first” – Stephen Keen
  • “Dropping in prices of Cannabis demand efficient systems. You’re going to hear that more & more as the industry grows” – Stephen Keen
  • “If you build something that’s right, you’ll succeed a lot more quickly than building something for cheap” – Stephen Keen

Overall, the takeaway from this presentation was that when building a cultivation facility, it is important to plan for the future. Buildings will be set up differently if you plan for how they will be used in 5-10 years. This includes layout, materials used and equipment selection.

The cannabis industry is growing and with that will come increased competition and a need to reduce operating costs as much as possible. This can be done in a variety of ways, but some of the biggest impacts will come from choosing energy efficient equipment and thinking about workflow when designing a cultivation facility. So, think long-term and get the most out of your facility for the longest time possible.
To cap off the great week we spent in California, a ballot initiative to legalize adult use cannabis in California officially qualified for the ballot this week. California, here we (the legal cannabis industry, that is) come indeed. We can’t wait to see what the future holds for the California market.

The post What We Learned from the 2016 NCIA Cannabis Business Summit Recap appeared first on Surna.

Original Article

New Contract for Colorado Based Medical Cannabis and Infused Product Facility Design and Operational Consulting

News of Marijuana
News of Marijuana

American Cannabis Company Inc. Announces New Contract for Colorado Based Medical Cannabis and Infused Product Facility Design and Operational Consulting DENVER, CO–(Marketwired – Jun 28, 2016) – American Cannabis Company, Inc. (OTCQB: AMMJ) (the “Company”), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, today announced it has secured

The post New Contract for Colorado Based Medical Cannabis and Infused Product Facility Design and Operational Consulting appeared first on American Cannabis Company.

Original Article

American Cannabis Company Announces a $5 Million Fixed Funding Commitment

News of Marijuana
News of Marijuana

American Cannabis Company Announces a $5 Million Fixed Funding Commitment DENVER, CO–(Marketwired – Jun 24, 2016) – American Cannabis Company, Inc. (OTCQB: AMMJ) (the “Company”), a full-service business-to-business consulting solutions provider, and seller of ancillary products to the cannabis industry, today announced that it has signed an investment agreement with Tangiers Global LLC (“Tangiers”) for

The post American Cannabis Company Announces a $5 Million Fixed Funding Commitment appeared first on American Cannabis Company.

Original Article

How to Properly Measure Temperature of an Indoor Garden

News of Marijuana
News of Marijuana

The temperature of a cultivation room plays a large role in determining how plants grow and the quality of the final yield. For this reason, it is important to have a reliable climate control system and frequently check the temperature of each cultivation room. However, it is very easy to incorrectly check the temperatures of these rooms.

For best results, the thermometer should be placed in an area that is away from direct light. This ensures that light hitting the thermometer does not raise the temperature being read, thus providing a false reading. This is the same principle that guides where outdoor thermometers are placed on patios as well – direct light raises the temperature, preventing an accurate reading.

In order to ensure the thermometer is providing an accurate reading, it may be necessary to either install a cover over the thermostat in order to shade it or to use a greenhouse thermometer which uses a fan to constantly pull air from the room through the thermostat.

At this point, it is important to note that room temperature can vary greatly from canopy temperature, especially with dense plants. In order to promote nutrient uptake, it is important to keep plant roots cool. So, instead of thinking about temperature in terms of ideal room temperature, it may be necessary to think of temperature in terms of ideal root or canopy temperatures and then figure out what room temp is needed to create the ideal in-canopy temperature.
In terms of efficiency, a warmer room obviously uses less energy to cool. But, even slight changes can have a large impact – the difference between 78 degrees F and 73 degrees F can be as much as 40% more energy and require a substantial increase in air handlers and related cooling equipment.

The post How to Properly Measure Temperature of an Indoor Garden appeared first on Surna.

Original Article

What would the DEA rescheduling of Cannabis actually do?

News of Marijuana
News of Marijuana

Denver, CO-In April, the Drug Enforcement Administration announced that it would be soon making a decision on the reclassification of marijuana, before the end of the first half of 2016. A move that many Cannabis activists are skeptical of as the DEA has been petitioned three times before to reschedule the drug, and refused each […]Original Article

The Importance of Moving Air in an Indoor Garden

News of Marijuana
News of Marijuana

Basic scientific knowledge tells us that traditionally hot air rises and cold air sinks. The reason hot air rises is because the molecules spread out, making them take up more room, causing them to be lighter. However, other factors can impact how easily air moves about a room.

Pressure can play a large part in air movement. Many cultivation facilities use oscillating fans to move air horizontally throughout a room, especially at the canopy level. These fans can create higher pressure zones around the canopy, preventing air from rising and falling as easily as typically happens. This pressure difference creates stratification within the room – layers of air of different temperatures and humidity.

As the ceiling height of cultivation rooms increase, this can have a large impact on climate control capabilities, especially dehumidification. Typically, climate control and dehumidification equipment is placed at the ceiling level for convenience and to avoid obstructing lights. When stratification occurs, the air that needs to reach the climate control and dehumidification equipment gets caught in the horizontal pressure layers and it takes more effort to to move the air vertically within in the room.

Without proper vertical air movement within a room, canopy humidity levels increase to dangerous levels, slowing down transpiration rates and slowing down plant growth as well as increasing the likelihood of powdery mildew and mold dramatically.

To prevent this, destratification fans can be added to cultivation rooms. Destratification fans work by pulling air up and then pushing it back down, thus helping to vertically move air around the room and introducing additional airflow. This additional vertical air movement, breaks up the air stratification present in the room and pushes moist air out of the canopy level and into the dehumidification equipment at the ceiling level. As an added benefit, destratification fans typically require very little power, with some requiring as little as 44 watts for 595 cfm.

Overall, adding destratification fans to any cultivation room with ceilings higher than 10 feet provides a number of benefits. The increased air movement creates a more even environment in the room from floor to ceiling. Cooling and dehumidification equipment is able to work more efficiently and remove more moisture from the air. And finally, the increased air movement and decreased humidity levels reduce the risk of powdery mildew and mold and can lead to increased levels of plant growth.

The post The Importance of Moving Air in an Indoor Garden appeared first on Surna.

Original Article

Denver Cannabis Analysis Seminar, Spring 2016

News of Marijuana
News of Marijuana

Denver Cannabis Analysis Seminar, Spring 2016 Event on 2016-06-29 09:00:00 Denver Cannabis Analysis Seminar, Spring 2016 PerkinElmer would like to invite you to our newest Cannabis Analysis Seminar, June 29, 2016. We will be presenting material from the latest Green Conference, as well as useful insights into one of the hot topics for growers and […]Original Article

May Newsletter: Top Tips to Increase Yields

News of Marijuana
News of Marijuana

Each month, we publish a newsletter discussing a trending topic within the cannabis industry and how it shapes Surna’s philosophy. To be one of the first to receive this information, be sure to sign up for our email list.

5 Tips for Higher Yields

The ultimate goal of any business is to be as profitable as possible. For cultivation facilities, this goal is twofold – increase yields and decrease costs. These five tips will help you achieve both simultaneously without sacrificing quality.

Stop using single-ended bulbs

Single-ended HPS bulbs are the least efficient lighting solution available. Simply switching to double-ended bulbs will result in a 30% increase in light output within PAR, without using any more energy. Since light is one of the three basic things plants need to grow (light, CO2 and climate), increasing the amount of light that reaches plants will increase yields.

Grow on a 5×5 footprint

Once the switch away from single-ended bulbs has been made, it is possible to increase the footprint of each light and grow larger plants, while using the same amount of energy and casting the same amount of light within PAR per square foot. This allows for larger plants that are able to produce more because they are not fighting for resources. To achieve the full benefits, be sure to choose reflectors that are designed specifically for indoor cannabis cultivation. With the proper reflector, an increased footprint and higher efficiency bulbs, you will see cost savings from both equipment purchases and monthly electricity needs.

Trellis Plants

Trellising cannabis plants increases yields in three ways: 1. It increases the number of available bud sites; 2. It removes unnecessary leaves, allowing plant energy to be focused on growing larger buds; 3.It creates an even plant canopy that allows all buds to receive the same amount of light. Additionally, trellising plants allows the lights to stay in one place, moving the plant instead of the reflectors. This allows for savings on labor.

Use Hydroponics

While only recommended for experienced growers, hydroponics can drastically increase yields and improve plant growth. With hydroponics, water and nutrients are delivered directly to the plant, without a middleman, allowing plants to absorb more of the nutrients that have been delivered, without losing some to the soil. This increases plant growth and leads to larger plants that produce a higher yield.

Incorporate Biosecurity into Facility

You wouldn’t leave the doors of your cultivation facility open, with no one there to watch over the facility. But that’s exactly what is happening if you don’t have a biosecurity plan in place. Just like the locks and cameras that protect the physical security of the facility, a biosecurity plan will protect your plants from biological contaminants such as powdery mildew or mold.

These contaminants can wreak havoc on a crop, ruining plants in a matter of weeks, if not days. The best way to ensure your plants are protected from contaminants is to protect them through air sanitation, proper dehumidification and frequent biosecurity audits. These small steps can help increase the health of your crop and allow for healthier, higher yielding plants.

The post May Newsletter: Top Tips to Increase Yields appeared first on Surna.

Original Article

Out of state investment in the Colorado marijuana business.

News of Marijuana
News of Marijuana

The State of Colorado has introduced a bill regarding marijuana ownership rules. SB 16-040 has passed the Colorado House and Senate and is now awaiting signature by the Governor. These changes would impact any new applications occurring on or after January 1, 2017. The changes apply to both medical and retail licenses.
These changes are generally beneficial to marijuana business owners, since they would allow marijuana businesses to obtain more funding from out of state lending sources. The bill creates three types of funding relationships: direct beneficial interest owner, indirect beneficial interest owner, and qualified limited passive investor.

Direct Beneficial Owner:
A direct beneficial interest owner is a person who owns part of the business. This could include members, managers, officers, and directors. Businesses can have as many direct beneficial interest owners as needed as long as the individual has been a resident of Colorado for at least one year. Non-residents can be direct beneficial interest owners as well, but need to receive a finding of suitability from the MED. Such investors include institutions like banks and insurance companies.

Indirect Beneficial Owner:
Indirect beneficial interest owners are permitted economic interests, and would include situations like intellectual property royalties, employee profit sharing, or institutional investors. Businesses may take advantage of qualified limited institutional investors, but those investors may own only 30% or less of the marijuana business. The bill does not specifically provide for the residency requirements of indirect beneficial owners, but it is likely that the MED will use a standard similar or less rigid than that for direct beneficial owners.

Qualified Limited Passive Investor:
Qualified limited passive investors are passive investors with less than 5% share in the business. The state licensing authority will run a limited background check on these individuals, and may conduct a more thorough investigation if needed. The MED will create regulations regarding these individuals, and the specific qualifications are not included in the bill. The intent is for these to be the most minor form of investor, presumably requiring the least review and lowest requirements. These investors must be United States citizens, but do not need to have any Colorado residency.
These three categories will allow new businesses to receive startup funds from out of state investors and be generally more permissive of different ownership structures. The hope is that this will benefit Colorado businesses and reduce the amount of illegal out of state money introduced.

Conclusion:
The opportunity for out of state investment is beginning to open up. Since this is new, it is likely that the MED will struggle with defining the above categories and the approval process. As always, proceed with great caution and a conservative approach to such investment.

Be sure to read the full proposed changes here:

http://www.leg.state.co.us/Clics/clics2016a/csl.nsf/fsbillcont3/53F678C55E0B703987257F2400644D67?Open&file=040_enr.pdf

Original Article

Marijuana DUI, do’s and dont’s

News of Marijuana
News of Marijuana

During the holidays DUI enforcement increases dramatically. Unfortunately, this large net will inevitably capture cannabis users who were not driving while impaired. As most of you know, in a last minute political compromise, the Colorado legislature passed a marijuana DUI law that creates an inference that a person with 5 ng. of THC in their blood is DUI. Such levels are common, even considered low, for regular cannabis users.

Moreover, the 5 ng. threshold is dubious science at best and, in many scientific circles completely wrong. These cases are defensible on many levels including attacking the science of a 5 ng. threshold and also whether cannabis even impairs driving at all.

However, an ounce of prevention is worth the expense of mounting a defense. Here are some tips to help you or your friends who use cannabis:

1. Do not travel with cannabis in the car. The smell of cannabis is the most likely cause of the police officer’s suspicion;
2. If you do travel with cannabis in the car, place it in a scent proof container (glass or other such container) in the trunk. It is illegal to have cannabis in an open container in the car and the police have a right to search your car if arrested;
3. Do not smoke in the car;
4. Do not consent to a search of the car;
5. Do not admit to consuming cannabis. If the officer presses you, tell him or her,“I have friends that are attorneys and they have told me not to answer these types of questions.” Do not lie. Simply repeat this phrase. Most juries will hold the lie against you, but may also have heard you should not answer these types of questions;
6. Do not do roadside tests. They are voluntary and you will not lose your license if you refuse. This includes the “following the pen with your eyes test.” The police will not be fair in evaluating your performance and it will be used against you; and
7. You do not have to do the blood test. However, if you refuse the DMV will take action against you for refusing. This action includes two months of no driving (not for work, the doctor or any other reason). You will get your license back after two months, but you must have an ignition interlock on your vehicle for two years. It only tests for alcohol, but it is expensive and a real pain in the rear. Additionally, you will need SR-22 insurance for one year and you will have to complete 12 alcohol and drug classes. Finally, please be advised that if you refuse the blood test the fact that you refused CAN be used against you at trial.

Finally, there is one important and creative way to protect yourself if you regularly use cannabis. Go to your primary care doctor and request a blood test that includes testing for THC. Then take the results back to your doctor and ask him or her if they believed you to be impaired when you made the request. Let the doctor know you just came from work or some other task in which you were fully functional. See if the doctor will confirm, in writing, that despite your positive result for THC you were not impaired in their medical opinion. This will provide you with a baseline for your normal THC level and that you were not impaired at that level. Then, if you take a blood test in the context of a DUI charge, you will have a baseline upon which to defend yourself. Perhaps you could ask a co-worker or friend to confirm that you were not impaired in the time just before or after the blood test.

Original Article