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New 60 Minutes Cannabis Story Review

New 60 Minutes Marijuana Story Review

Michael Mayes, lead cannabis consultant with Quantum 9, outlines the new cannabis information presented in a 60 Minutes piece aired on October 30th, 2016.

Five states are on the ballot for cannabis legalization next month, Massachusetts, Maine, Arizona, California, and Nevada. This progression in legalization will add to the current list of Colorado, Washington State, Oregon, and Alaska. In the new 60 Minutes cannabis piece, it stated that if all five States voted favorably than 25% of the countries population would be legal.

The 60 minutes cannabis piece featured the Napa Valley of cannabis – Pueblo, CO where currently 90 cultivation facilities are in operations. One of those being a 36-acre campus containing 21,600 plants. Los Sueños Farms is one of the largest recreational cannabis companies in the US, the founders have invested $10M in the project. This project has created 1,600 jobs, 22,000 pounds of product a year equating to $20M a year in revenue. The facility is secured with 289 cameras.

25 states approve medical use, but it is still illegal on the Federal level, the piece reported that cannabis today is 4 to 5 times stronger than ten years ago. The 60 Minute piece featured a DEA bust of an illegal grow in which the agents confiscated 22,000 pounds of plant material equating into $7M.

Gov. John Hickenlooper, the governor of Colorado, was quoted when interview. His biggest suggestion to new states adopting cannabis legalization was to “start getting baseline data” this would be for the positive and adverse effects of marijuana on the state. The governor says some of the early mistakes were made with edible labeling and serving sizes. $141M was collected in legal marijuana sales taxes in 2015 and arrest for cannabis were down 50% since 2012. Hickenlooper stated that the project is “Very Tricky.”

About Quantum 9

About Michael Mayes

As Chief Executive Officer for Quantum 9, Inc., Michael has assisted in funding some of the largest commercial cannabis projects in the world. Michael has been a cannabis investor since 2009 in Colorado’s first legal for-profit cannabis market. As the co-founder and CEO of Quantum 9, Inc., Michael has spent years designing technology and collaborating with countless consultants on the forefront of the cannabis industry. Collaborating with the brightest minds and contributing to world-class organizations has been an incredibly enlightening and rewarding experience for him. Also, he has amassed a comprehensive and award-winning team engaged globally for public policy best practices through the prioritization of environmental sustainability and patient care. Michael is a member of the International Cannabinoid Research Society (ICRS), contributor to Marijuana Business Daily, quoted in the Chicago Tribune, Tampa Tribune, Yahoo Finance, Tampa Tribune, Sativa Magazine, CBC and the Daily Herald. His media appearances include several CBS and WGN appearances and international presence on BNN Commodities in Canada. On the public policy front, Michael and his team were instrumental in their work of drafting the Kentucky Medical Marijuana Bill for Senator Perry Clark. Most recently, Michael taught a class for the International Pharmaceutical Academy in Toronto, Canada. He spoke on Cannabis Pharmacology, and the effects cannabis has on the endocannabinoid system.

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