Cannabis Science, Inc.OTCPK - Current
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  • Wed, Oct. 19, 1:15 PM
    • Penny stock Cannabis Science (OTCPK:CBIS +31.6%) continues it torrid up move on a whopping 108M-share turnover. Shares have climbed almost four-fold in October. Today, the company announced that it is negotiating for two new drug development properties: a 200-acre parcel in California and a 100-acre site in Nevada. The additions would increase its total capacity to over 10M square feet.
    • Cannabis develops medical products derived from one or more cannabinoid compounds.
    | Wed, Oct. 19, 1:15 PM | 16 Comments
  • Sep. 12, 2014, 7:59 AM
    • Cannabis Science (OTCQB:CBIS) forms a joint venture with Unistraw Holdings Pte. Ltd., to develop cannabinoid-based foods, nutraceuticals and medical products. CBIS will own 50.5% of the JV and Unistraw will own 49.5%.
    • Unistraw develops food and nutraceutical products that are delivered via an in-straw delivery device.
    | Sep. 12, 2014, 7:59 AM | 1 Comment
  • Jun. 2, 2014, 10:17 AM
    • In a regulatory filing, Cannabis Science (CBIS +20.5%) discloses that COB and President Robert Melamede, Ph.D., resigned on May 20. The same day, he sold 500k Series A preferred shares to Bogat Family Trust for $500.
    • Dr. Dorothy Bray replaces him.
    | Jun. 2, 2014, 10:17 AM | 6 Comments
  • May 7, 2014, 9:01 AM
    • Minnesota state senators vote 48-18 in favor of legalizing physician-prescribed medical marijuana. The bill will permit up to 55 dispensing centers around the state although the health commissioner could approve additional sites.
    • Patients could legally possess up to 2.5 ounces of pot to be ingested in pills, oils or vaporized just shy of combustion. Smoking weed would still be illegal.
    • The bill allows for a research study to assess the effects of medical marijuana in pill or liquid form in patients with severe illnesses.
    • The Senate's version differs from the House's version so more work needs to be done before it passes over the Governor's desk.
    | May 7, 2014, 9:01 AM | 6 Comments
  • Apr. 16, 2014, 12:18 PM
    | Apr. 16, 2014, 12:18 PM | 1 Comment
  • Apr. 4, 2014, 10:42 AM
    • In response to the passing of pot-friendly laws, Cannabis Science (CBIS -9.6%) plans to enter Nevada to capitalize on opportunities in cannabis research, growth and dispensaries.
    • The state's new law allowing the buying, selling and testing of weed became effective April 1.
    | Apr. 4, 2014, 10:42 AM | 2 Comments
  • Mar. 11, 2014, 11:40 AM
    • Colorado is off to a fast start collecting tax revenue from the sale of medicinal and recreational marijuana. According to Forbes, the state's January take was $1.5M for the former and $2M for the latter. The bulk of sales happen in Denver county.
    • The fully-burdened tax rate can be as high as 21.1% on pot consumers.
    • The state also charges a 15% "retail marijuana excise tax" that is levied on the first sale or transfer from a cultivation facility.
    • The state now faces the political problem about how and where to spend the money.
    • Marijuana industry stocks such as (MDBX) (CBIS) (MJNA) (GRNH) continue to generate substantial investor interest and debate.
    | Mar. 11, 2014, 11:40 AM | 2 Comments
  • Mar. 7, 2014, 10:40 AM
    • Cannabis Science (CBIS) closes its previously announced $1M financing via private placement. The company nets $950,000.
    • Restricted shares were sold at $.25/share plus two-year warrants at $.50/share.
    | Mar. 7, 2014, 10:40 AM