Greece Moves Forward
Investments into Medical Marijuana in Greece reach higher then €100,000,000 in investments over three years from the twenty-seven approved medical licenses in the country.
Foreign investment is taking advantage of the low price of prime land excellent for cultivation. The port of Thessaloniki is gearing up to be a major export hub for Greece to the rest of the EU.
Prime Minister Kyiakos Mitsotakis is hoping Greece will bank on the economic opportunity to help recover from the countries nine year recession.
Israels Dr. Raphael Mechoulam
Does it Again
Cannabis researcher credited with the first synthesis of THC, as well as the discovery of the endocannabiniod system, Dr. Raphael Mechoulam announced a new discovery at the cannabis research conference CannMed in Pasadena, California. Eighty-three year old organic chemist and his research team unveiled their new ability to synthesize cannabinoid acids. The research team worked with six universities in Israel, Canada and the United States.
“This is exciting and unprecedented research. We have taken the unstable molecules of the cannabis plant and synthesized them to provide a stable, consistent basis for researching new therapies across a wide range of medical needs – from CNS disorders to inflammation and many more. In addition, we have provided several delivery mechanisms including tablets, topical applications and others to facilitate several approaches. Our work is a catalyst for the development of potential new therapies from a source long thought to have huge potential.” — Dr. Raphael Mechoulam, head of research for EPM, in a press release.
Failing Marijuana Publications
High Times Magazine, which has acquired both Dope and Culture magazines, is scrambling to raise funds to meet its IPO goal of fifty million. Extending the deadline through this October, the company hopes to raise more using crowd sourcing. This is the latest postponement in an attempt to trade the company on the public market.
Culture magazine is now suing High Times for lack of payment, four million was supposed to be paid before the end of 2018. High Times pledged eleven million to the founders of Dope, but much of that was in stock in High Times new parent company. So far High Times only has twenty-two of the fifty million needed to have that stock become publicly tradable.
