distribution

New Jersey: Police Sergeant Accused Of Selling Marijuana

WilliamTurbettAndNicoletteHendrickson[NewJerseyNews12].jpg

By Steve Elliott
Hemp News

A New Jersey cop has been charged with dealing marijuana; the officer's father is a captain in the same police department in the city of Linden.

Sgt. William Turbett III has been suspended from the police force due to an unrelated case involving Internal Affairs, but now the 30-year-old faces marijuana possession and distribution charges, according to the Union County Prosecutor's Office, reports Anthony Johnson at ABC 7.

There was police activity on Wednesday night at the South Amboy home of Sgt. Turbett, according to neighbors, with multiple agencies involved in the investigation.

Sayreville police and the Prosecutor's Office Guns, Gangs, Drugs, and Violent Crimes Task Force executed a search warrant on Turbett's home and reportedly found a small amount of marijuana, according to prosecutors, reports CBS New York.

California: Militarized Cops Seize Assets of Legal Medical Marijuana Company

MedWestLegalCannabisFirmUnderAttack[Indiegogo].jpg

Police High Five Each Other as Cannabis Industry Leader’s Assets Frozen, $324,000 in Cash Taken, Family Bank Accounts Frozen

Med-West CEO Speaks Out for First Time Since Raid

“It was like a scene from a bad movie.”

That’s what James Slatic, the CEO of Med-West Distribution, LLC and a leader in the national effort to legalize medical cannabis products, remembers thinking when he first viewed the footage from his security cameras.

For the first time, Slatic is speaking out about the raid mounted by local law enforcement against his company, a legal medical cannabis company, on January 28, at 7:30 a.m.

His comments, contained in a video on the Indiegogo account he is using to raise money for his legal defense, raise serious issues about the role of local law enforcement in California, a state where a new law just went into effect regulating the medical cannabis industry and where a statewide ballot initiative will be held this November to legalize the adult use of recreational cannabis.

In the video, Slatic offers disturbing details from the raid: “Our two employees were put on the floor with guns to their heads. All of our assets were frozen, all of our bank accounts, all of my wife’s accounts, all of our daughters’ accounts have been frozen.”

California: Sipp Industries Forms New Business Unit For Bulk Hemp Distribution

SippIndustries(logo)

Sipp Industries, Inc., a diversified conglomerate corporation specializing in technology and distribution of consumer products, on Tuesday announced the formation of a new business unit dedicated to serving the growing hemp industry.

The new Sipp Industries Hemp unit will have large-volume hemp ingredients available including: Toasted Hemp Seeds, Hulled Hemp Seeds, Hemp Protein Powder, Cold-Pressed Hemp Oil, and Purely Refined Hemp Oil, according to the company. Each ingredient will be available in both Organic and Natural.

"These Hemp ingredients can be used in various applications from packaged Hemp products, nutritional bars, smoothies, salad dressings, body creams and moisturizers," Sipp Industries' prepared statement reads.

"Hemp is in high demand especially in market segments such as Food and Beverage and Nutritional Supplements," said CEO Syman Vong. "We have witnessed many new hemp infused products coming to market such as hemp-infused energy drinks, hemp meal replacements and hemp body creams. We anticipate this trend to continue and intend be the one-stop shop for U.S.-based high-volume commercial consumers and manufacturers of hemp products."

Current estimates of retail hemp sales in the U.S. exceeds $300 million per year and growing. As of today and for the foreseeable future, due to federal restrictions, there is little current commercial production of hemp in the U.S. and the market is dependent upon imports.

Colorado: New Report Gives More Good News As Legalization Gains Momentum

ColoradoTheBenefitsSoFar

Report Provides Comprehensive Data on Marijuana Arrests and Charges in Colorado After Legal Regulation for Adult Use

Marijuana Possession Charges Decrease From 30,000+ in 2010 to Less Than 2,000 in 2014

All eyes are on Colorado to gauge the impact of the country’s first-ever state law to tax and regulate the sale of marijuana to adults 21 and older. Since the first retail marijuana stores opened on January 1, 2014, the state has benefitted from a decrease in traffic fatalities, an increase in tax revenue and economic output from retail marijuana sales, and an increase in jobs, while Denver has experienced a decrease in crime rates.

Now, a new report from the Drug Policy Alliance (DPA) brings another jolt of good news by providing comprehensive data on marijuana arrests in Colorado before and after the passage of Amendment 64 in 2012. The report compiles and analyzes data from the county judicial districts, as well as various law enforcement agencies via the National Incident Based Reporting System (NIBRS).

The report’s key findings include:

• Since 2010, marijuana possession charges are down by more than 90 percent, marijuana cultivation charges are down by 96 percent, and marijuana distribution charges are down by 99 percent.

• The number of marijuana possession charges in Colorado courts has decreased by more than 25,000 since 2010 – from 30,428 in 2010 to just 1,922 in 2014.

Nevada: CannaVest Terminates Agreement With HempMeds; Reports 3Q Financials

CannaVestCommercialHempAgriculture

CannaVest Corporation this week reported financial results for the third quarter 2014. During the third quarter, CannaVest terminated its non-exclusive license and distribution agreement with HempMeds PX, LLC, which had granted HempMeds a non-exclusive, worldwide license to promote, market, sell distribute and service CannaVest's products and an exclusive right to online sales.

"The HempMeds Agreement termination resulted in a significant revenue loss for the Company but provided an opportunity for CannaVest to better control its sales channels, brand awareness and future profitability without having to rely on a single customer relationship," the company reported. "The termination also allowed CannaVest to pursue revenue from online sales."

"Our worldwide commitment to expanding the science, awareness and benefit of our PlusCBD™ brand of cannabidiol oil and products is gaining traction," said CannaVest CEO Michael Mona Jr. . "The termination of the HempMeds Agreement required that we immediately expand our sales and marketing capability to better control the growth trajectory of CannaVest.

"We have expanded our sales force, commenced e-commerce operations and have made strategic marketing investments," Mona said. "Since the termination, we have made great progress.

Syndicate content