AIRMONT, N.Y., July 29, 2015 /PRNewswire-USNewswire/ -- Touro College has announced that it is supporting Rockland County-based CanniCare's application for one of five media marijuana licenses to be issued by the New York State Dept. of Health (DOH). 

If CanniCare is selected, Touro would provide the company with research into medicinal cannabis. 

"Our college is supportive of medicinal development and research," said Alan H. Kadish, president of the Touro College System. "There is still a great deal of research to be conducted on the medical application of cannabis and we are excited by the opportunity to contribute in a meaningful way. We will also offer CanniCare advice on the clinical use of the medicine along the way."    

Quality assurance is one subject that is unclear to many organizations who are applying to become Licensed Producers, whether they are start-ups just getting into the medicinal cannabis industry or seasoned producers under the MMAR program who are transitioning to the new MMPR program. The goal of this article is to provide information on quality assurance as it relates to the requirements of Health Canada’s MMPR, specifically, the Quality Assurance Person, Section 10 of the Licensed Producer (LP) application, and Standard Operating Procedures and record keeping. The information presented here has not been vetted or endorsed by Health Canada and is provided to the best of the author’s knowledge based on experience consulting for LP applicants.

Shares in MedLab Clinical Limited have surged after the nutritional pharmaceutical company announced it had won NSW government approval to conduct medicinal cannabis research.

Medlab on Wednesday said the Baird government had granted it a research licence for the use of cannabis for therapeutic purposes, such as pain relief.

The company, which runs a laboratory in Sydney, said its research would "broadly encompass pain management as well as other medical conditions for varying age groups".

Medlab shares closed up one cent, or 5.41 per cent, at 19.5 cents, following the news.

PHYTOTECH Medical and MMJ Bioscience have joined forces to become the first Australian-listed medical marijuana company to control pharmaceutical hemp from farm to pharmacy counter.

THE re-branded MMJ PhytoTech will control the complete supply chain from cultivation to distribution after Phytotech raised $4.8 million to buy MMJ Bioscience.

MMJ PhytoTech chief executive Andreas Gedeon said the merger made the company one of the only serious players in the medical marijuana market.

"If you don't own the supply chain the company can't exist because you can't buy the cannabinoil compounds, it has to be sourced from plants," he said.

The cannabis industry is the hottest industry in the United States and it is growing at a rapid rate. This growth has led to a surge in the number of publicly traded cannabis companies. There are more 300 such companies and most of them will dissolve or shut down over the next two years.

When it comes to marijuana stocks, you cannot analyze them like your typical investment. These are developmental companies and a lot of them do not even generate revenue yet. For this reason, you cannot look into metrics like Earnings Per Share (EPS), Price to Sales (P/S) or Price to Book (P/B). Many investors do not have the time to perform thorough due diligence and look into all of the necessary factors, so we are going to focus on the most important ones. These are:

Amid controversy surrounding illegal medical marijuana dispensaries in Canada, one government-approved Manitoba grower agreed to show how his business operates from the inside.

John Arbuthnot is the vice-president of Delta 9, the only medical marijuana growing facility in Manitoba that's licensed to sell cannabis.

The warehouse in the east end of Winnipeg houses about 1,000 marijuana plants and is licensed to produce about 380 kilograms per year.

Out of the nearly 100 plant nurseries eligible to produce “Charlotte’s Web,” a low-THC, non-euphoric medical strain of marijuana, 24 are competing for one of only five available growing licenses.

According to Mara Burger, press secretary of the Florida Department of Health, 28 applications in total were received during the three-week open enrollment period. Several of the nurseries applied for licenses in more than one of the five designated regions (Northwest, Northeast, Central, Southwest, and Southeast).

NEW YORK - When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet.

"Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident. Most customers at Grassy Plain Vape & Smoke buy electronic cigarettes to help them quit smoking tobacco, but a growing number are referred by medical marijuana commissaries in the neighborhood – the nearest is about five miles away.

SAN JOSE, Calif.--(BUSINESS WIRE)--Consumer confidence in the effectiveness of medical cannabis is very strong as patient numbers continue to rise, and Green Technology Solutions, Inc. (OTCBB:GTSO) is readying innovative new products and services to capitalize on demand for the medicinal herb.

“More and more evidence comes to light every day that cannabis is improving the lives of patients across the country”

CHICAGO, JULY 28, 2015 /Weed Wire/ — MJIC Media LLC, a marijuana media conglomerate, today announced that it has acquired Pot-Stocks.com, an online source for cannabis investment education and stock information, and is rebranding the website as Cannabis Trader.

MJIC Media owns and operates the leading properties in the emerging legal cannabis industry, including the Marijuana Index, which tracks and reports on publicly traded cannabis related equities; Marijuana Investor News, the premier news agency covering the industry; and the Marijuana Investor Summit, a premium conference provider and industry educator.