In California, the state that pioneered the medical cheeba industry, bust followed boom. The state legalized pot in 1996. There were essentially no state regulations on dispensaries, so thousands opened. In 2007, the L.A. City Council sought to limit dispensaries to the 186 that were already in business, but resilient entrepreneurs discovered a loophole. Soon, there were more than 1,000 dispensaries across Los Angeles alone — on almost every block, near schools, everywhere. In 2012, 63 percent of voters supported a measure to limit dispensaries to the stores that had registered before 2007. The City Attorney's Office is now moving to shut down 970 dispensaries.

In San Diego, the City Council voted to keep no more than 36 dispensaries. Some cities, like Oakland and San Francisco, have enacted clear-cut rules that dictate where dispensaries can operate and tack on fees for local government.

In Florida, the Legislature or local municipalities could decide how many businesses will be allowed to open. Some local governments may opt not to allow any medical marijuana commerce at all.

And medical marijuana businesses will have to be wary of legal challenges. Michigan approved medical marijuana in 2008, but when two store owners appealed a civil case against their business, the case went to the state supreme court, which ruled that Michigan's 2008 medical marijuana law "does not contemplate patient-to-patient sales of marijuana for medical use." This left an opening for patients and caregivers to grow weed but essentially outlawed dispensaries, and many shut down.

Maggie Volpo, a state marijuana activist, wrote in her blog that she had no choice but to close. She and her husband lost their life savings.

Step 10: Start a penny stock company servicing the medical marijuana industry.

Bah, forget the first nine steps. Building a medical marijuana empire doesn't require so much hard work. Just claim you have a publicly traded business in the marijuana industry and you can reel suckers in with the promise of sizzling stock options. In the past year, Pink Sheets investors have gone bonkers for penny stock companies that have some type of marijuana angle. John Veit, Cannabis Career Institute's vice president, says roughly 60 companies claiming to be in the pot or hemp business offer publicly traded stocks on the over-the-counter bulletin board and Pink Sheets.

"Some are legit," Veit says. "Some are just a couple of dudes in a room who put out a press release on PR Newswire, hoping they get on the news so people get interested in the stock. In terms of volume, I've seen pot stocks make gains of 600 to 3,000 percent," Veit adds.

The problem is, penny stock companies don't have to put up with the pesky federal scrutiny that GM and Facebook go through, like filing audited financial quarterly reports on time or, you know, not lying to potential investors. "You can say you just bought a 1,000-acre hemp field in China," Veit expounds. "You can say you developed a new gizmo that hooks up to a state patient verification system. You don't have to prove it is true to anybody."

Coral Springs-based Cyber Kiosk Solutions Inc. trades under the symbol CYBK. On February 12, Cyber Kiosk sent out a news release announcing that Irwin "Izzy" Zalcberg, a "well-known small cap investor with a large rolodex of connections in the upper echelon of the corporate world," invested $1 million in the company. Zalcberg "took time from his vacation overseas to complete the transaction," the release gushed. A quote attributed to Cyber Kiosk Chief Executive Chris Clarke said, "Mr. Zalcberg obviously recognized the unique opportunity and value that our age/ID verification and fraud prevention software provides for the legalized marijuana industry."

Two weeks later, another news release proclaimed the firm "received commitments from marijuana dispensaries in New Jersey and Colorado with nine total locations to beta test the company's age/id verification and fraud prevention software." Cyber Kiosk included a disclaimer that "CYBK will not release the name of the dispensaries until final testing is complete." How convenient.

The stock's price bounced from 11 cents to 33 cents seven days later, before dropping to 20 cents, then 15. A visit to the company's Coral Springs headquarters revealed an empty office. The company's website is pathetically generic and has no information about software for marijuana dispensaries. According to the company's September 2013 quarterly report, Cyber Kiosk was a limousine company servicing Jacksonville from 1997 until 2012. At the time, the company had a balance of negative $370 in its checking account.

Initially, Cyber Kiosk CEO Clarke did not want to comment. After several attempts, he recently gave a brief telephone interview.

Clarke insists his company is a legitimate technology firm servicing the medical marijuana industry. "We are not a fly-by-night company," he says. "We believed we could expand into that industry and make money. We have a very good business plan."

Despite Cyber Kiosk's prolific news release, Clarke says he isn't looking for ink. "I'm not even interested in you doing an article about us," he concludes. "Maybe in May or June, we can sit down. Send me an email."

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54 comments
charleyboyillumiante
charleyboyillumiante

I am Morgan Anderson, Since the Year 2001, life has been up and down for me and my precious Wife Trina. I had Colon Cancer and my wife Trina has Ovarian cancer, this diseases has been with us for the past 12 years, we undergo Chemo and Radiation just once and we were advise by the Doctor not to go for more Chemo and Radiation. Lucky for us, we heard about Rick Simpson Oil which so many people have testified to have cure their cancer within some period of time. Got connected with a lot of people and was then recommended to Dr. Rick for procurement of Hemp Oil medication. It is with Great joy from my heart and that of my wife that we want to inform you all that my colon cancer and my wife Trina Ovarian cancer has been cured within the Treatment period of 4 months. We got our medication from Dr. Rick who was recommended to us by several people that cannabis oil from him, so also am recommending you all to procure you Rick Simpson cannabis oil from him, contact: rickcancercure1954@gmail.com . we are now a happy family with total unity and love in us. don’t allow this diseases to ruin the joy of your life, Hemp oil is the Best medication ever and i was opportune to meet Dr. Rick and Rick Simpson in Person: get your Cannabis Medication now and start healing yourself, contact Dr. Rick once more on: rickcancercure1954@gmail.com Thanks to you Dr. and Rick Simpson for all the help that was rendered to me and my jewel family. Dr. in conjunction with Rick Simpson Saved my family. Thanks, so many Thanks to you both, gratitude is indeed in my heart. Thanks. Best Regards, Morgan Anderson

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jeebguyman225

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andrew.preshovus

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chariot1.co.ltd

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katylois36

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pharmaproductz

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kush.hooker101

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rafimarchant

California Hydroponic Specialist who has grown the finest medical marijuana seeks to partner up with venture capitalist into the burgeoning MMJ scene in florida. I have a trailer full of equipment that was large enough to sustain a 2000sq/ft warehouse for 8 years as well as having grown a previous 8 years using different methods of cultivation. I have been involved with this business for 20 years (I am now 34) and I have a clean record. I would be interested in operating a business 10-50 times the size i currently have been operating. I can be reached at RafiMarchant@Gmail.com

samueljackson864
samueljackson864

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johnsonbriguel

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weed.man4real

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420vendorshop

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420vendorshop
420vendorshop

MEDICAL MARIJUANA FOR SELL, PURPLE KUSH, OG KUSH, GRAND DADDY KUSH, NORTHERN LIGHT AND MANY MORE FLAVORS.
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Text / call...(817) 592-0390

30grams White Widow: $280 USD

30grams Hawaii-Skunk:$270USD

30grams Hindu Kush: $290 USD

30grams Super Silver Haze:$285 USD

30grams OG Kush :$295 USD

30grams Super Skunk :$280 USD

30grams AK 47 :$285 USD

30grams Blueberry :$275 USD

50grams White Widow: $330 USD

50grams Hawaii-Skunk:$315 USD

50grams Hindu Kush: $355 USD

50grams Super Silver Haze:$365 USD

50grams OG Kush :$365 USD

50grams Super Skunk :$375 USD

50grams AK 47 :$325USD

50grams Blueberry :$345 USD

100grams White Widow: $540 USD

100grams Hawaii-Skunk:$515 USD

100grams Super Skunk:$525 USD

100grams Super Silver Haze:$565 USD

100grams OG Kush:$585 USD

100grams AK 47:$595 USD

1 pound ak47 is $1700

1 pound Hawaii skunk is $2150

1 pound Blueberry is $2200

1 pound super silver haze is $2100

1 pound white widow $2290

1 pound OG Kush $2300

420vendorshop
420vendorshop

MEDICAL MARIJUANA FOR SELL, PURPLE KUSH, OG KUSH, GRAND DADDY KUSH, NORTHERN LIGHT AND MANY MORE FLAVORS.
Email….....420vendorshop@gmail.com
Text / call...(817) 592-0390

30grams White Widow: $280 USD

30grams Hawaii-Skunk:$270USD

30grams Hindu Kush: $290 USD

30grams Super Silver Haze:$285 USD

30grams OG Kush :$295 USD

30grams Super Skunk :$280 USD

30grams AK 47 :$285 USD

30grams Blueberry :$275 USD

50grams White Widow: $330 USD

50grams Hawaii-Skunk:$315 USD

50grams Hindu Kush: $355 USD

50grams Super Silver Haze:$365 USD

50grams OG Kush :$365 USD

50grams Super Skunk :$375 USD

50grams AK 47 :$325USD

50grams Blueberry :$345 USD

100grams White Widow: $540 USD

100grams Hawaii-Skunk:$515 USD

100grams Super Skunk:$525 USD

100grams Super Silver Haze:$565 USD

100grams OG Kush:$585 USD

100grams AK 47:$595 USD

1 pound ak47 is $1700

1 pound Hawaii skunk is $2150

1 pound Blueberry is $2200

1 pound super silver haze is $2100

1 pound white widow $2290

1 pound OG Kush $2300

all price included delivery charges

dlakatos
dlakatos

The NSA is a NAZI's WET DREAM. It has nothing to do with Democracy.

Show me the man and I’ll find you the crime.There is no individual whose private calls, emails, postings, bank and credit card transactions, online activities, and even private conversations in the “privacy” of your home, cannot be edited to paint the portrait of an enemy of the state. 

dlakatos
dlakatos

Marijuana Cop's are nothing but Modern day Witch Hunters. You should see them dancing around burning pot,  Slapping each other on the azz, Congratulating each other like some kind of big hero's. The Drug Wars Is A racket. As everybody knows there's been a sharp increase of Heroin Use in America. The United Nations is using our soldiers to guard the Global 

Elites and to big to fail Banks Poppy Field in Afghan which supply 90% of Heroin to the world. They had a Bumper Crop this year. The CIA are the biggest pusher of drugs. They flown military plane loaded with Heroin back to America to sell. Asked any Vietnam vet they no the truth

DonkeyHotay
DonkeyHotay topcommenter

 -- DEA Raids on  Colorado Marijuana Dispensaries --


4-30-2014


Federal authorities raided multiple Denver medical marijuana businesses in dramatic fashion Wednesday — smashing doors, yanking out pot plants and cash, sawing safes open and driving the seized items away in U-Haul trucks.



###

Jay Udell
Jay Udell

REAL CREATIVE Miami New Times I SEEN THE SAME ARTICLE A GOOD 2-3 TIMES. YOU GUYS ARE KILLING THE INDUSTRY!!

DonkeyHotay
DonkeyHotay topcommenter

Feds Indict Colorado Dispensary Owners and their Lawyer



Janice Poole
Janice Poole

God Bless Florida! First you have to vote yes :)

SedonaSherpa
SedonaSherpa

A grad student from UC Davis - who was working on a PHD in Agricultural Science - tested 17 samples of so-called medical marijuana in California and 100% of it was synthetic fakes.   It's like that Chilean Sea Bass you paid $40 dollars for at the Forge but actually, you had $9 Atlantic grouper.


The buds are grown to look like MJ and then it's dried and sprayed with the imitation THC - and sold to the sheep for $17 per gram.


The proof is there for all to see if you know the difference....The lab test proved it's a big scam right now.  That's why these Cats are selling books and going on the talk circuit.

sweetcookies3333
sweetcookies3333

the greatest plant in the universe is almost free, LET FREEDOM RING! 13


you missed the $$$ train the last 20 years in cali.....sorry


"any doctor against marijuana is a doctor of death" - cali secret 420

from 0 states to half the country, from low 20% approval to almost 70%, cali runs this planet by 2 decades, time to tie marijuana to the 2014, 2016 elections, out with the old, in with the new

20 years behind us southern states, sad and scary....nobody denies freedoms like the south, nobody…the top ten incarcerators on the planet are southern states...even if marijuana reforms did pass the republiCANTS in charge would deny you all your freedoms, centuries of practice...no matter though, we never planned on getting your backwards brethren from day one, half the country already but not one southern state, lol...not 1….the new generations are taking over in the south and they are nothing like their freedom denying parents, let’s ride…

Deaths by Alcohol and Tobacco: Millions
Deaths by Prescription Drugs: Quadrupled in last decade
Deaths by Guns: Millions
Deaths by the food we are fed: Millions
Deaths by Marijuana: 0, ever...they are killing my American family while denying freedom
 
love and freedom forever

AMERICA'S WAR ON DRUGS IS A WAR ON AMERICANS! 33

Marti Paul
Marti Paul

Ralph Rk. Kinda a long read, but interesting.

James G. Camp
James G. Camp

Unless you have something like Charlotte's Web that is a cure, the state already has someone else in mind. I don't doubt they steal everything that is remotely close to curing anything like Charlotte's Web is for themselves ?

Leo Con
Leo Con

Ramona Thomas weren't u just talking about this lol

mariomarchionni70
mariomarchionni70

@rafimarchant my name is Mario Marchionni , I want to talk to you about maybe partnering up in Flordia.....

you can email me mariomarchionni41@gmail.com


DonkeyHotay
DonkeyHotay topcommenter

Federal agents on Friday arrested individuals in connection with high-profile raids on Colorado medical marijuana businesses, and a lawyer for one of the raid targets confirmed his client has been indicted.



DonkeyHotay
DonkeyHotay topcommenter

U.S. Attorney's Office spokesman Jeff Dorschner said the arrests were carried out by the Drug Enforcement Administration, IRS Criminal Investigations and the Diplomatic Security Service.


"Who has been arrested and the nature of the charges are currently the subject of a sealed indictment, which won't be publicly available until Monday," Dorschner said




DonkeyHotay
DonkeyHotay topcommenter

On Nov. 21, agents executed search warrants on 14 businesses — including dispensaries and grow facilities — and two homes, carting away plants and seizing records. A search warrant identified 10 men as "target subjects" connected to the operation.


Sources told The Denver Post that the raids were chasing possible connections to Colombian drug cartels, which several of the targets have denied.


Prosecutors described Uribe's alleged role in the organization in a court filing in a weapons case of a Colombian national, Hector Diaz, arrested during the raids. Prosecutors called Uribe "head of a marijuana drug distribution organization" and among the targets of a long-term investigation into money laundering and other offenses.


...

...



SedonaSherpa
SedonaSherpa

@DonkeyHotay @SedonaSherpa In the fake bud biz?  You no trichome fraud!

 
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