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Quantum 9 Featured in Fox News

By September 9, 2013Uncategorized


By Larry Yellen, FOX 32 News Legal Analyst – bio | email

CHICAGO (FOX 32 News) –

Consultants, industry leaders, and potential investors gathered downtown Saturday to discuss a fledgling new industry in Illinois: medical marijuana.

A new law, taking effect January 1, 2014, establishes a four year trial program in Illinois. It allows 22 areas for growing marijuana, and 60 dispensaries. Thus, Saturday’s Cannabusiness Symposium, and its keynote speaker, Steve DeAngelo, from California.

“The biggest issue that you’re going to face is the conflict between federal law and state law. Even though medical cannabis is legal under Illinois laws now, cultivating and distributing it is completely illegal under federal law,” said DeAngelo of the Harborside Health Center.

DeAngelo also says that the feds typically go easier on states with tight regulations, and Illinois will be heavily regulated.

Ed Rodriguez, who’s thinking of getting into some facet of the marijuana business, says based on what he heard today, it won’t be easy.

“It’s going to be a lot of networking. A lot of networking. You’re not going to be able to come into this on your own,” said Rodriguez.

Chris Bochenski is a Chicagoan who’s pushing software to track marijuana manufacturing and sales.

In response to the question on Illinois’ future looking bright, Bochenski added, “Absolutely. The politicians and lobbyists have done their jobs, and now it’s time for industry to do theirs.”

Critics say that legalizing medical marijuana creates a huge potential for abuse, and possible damage to the brain. Symposium participants disagreed.

“You know there’s a lot of people who sort of make jokes about cannabis being used for everything from hangnails to skin irritation, but the fact of the matter is that cannabis is effective for a very wide range of medical conditions,” said DeAngelo.

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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