Creative Edge Nutrition (FITX) surged to new highs again, also on strong volume. CEO Bill Chabaan spent two hours speaking with members at 420 Investor.
Sierra's leads indicate that Creative Edge Nutrition is on the verge of receiving approval from Health Canada to dispense, import, export and grow marijuana plants and seeds. Sierra believes that Health Canada Deputy Minister George Da Pont will make the official announcement with Bill Chaaban President and CEO Of Creative Edge Nutrition at his side as Canada presents itself to the world as progressive and innovative as marijuana evolves becoming mainstream ventures Sierra World Equity Review.
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President says he's focused on making laws that treat pot users fairly
WASHINGTON (CNN) -
Marijuana, which is still placed in the same category as heroin, ecstasy and psychedelic mushrooms by the federal government, is no more dangerous than alcohol, President Barack Obama said in an interview published Sunday.
Speaking to New Yorker editor David Remnick, Obama said he still viewed pot smoking negatively -- but that on the whole, the drug wasn't the social ill that it's been viewed as in the past.
"As has been well documented, I smoked pot as a kid, and I view it as a bad habit and a vice, not very different from the cigarettes that I smoked as a young person up through a big chunk of my adult life. I don't think it is more dangerous than alcohol," Obama told the weekly magazine.
The president said pot was actually less dangerous that alcohol "in terms of its impact on the individual consumer."
"It's not something I encourage, and I've told my daughters I think it's a bad idea, a waste of time, not very healthy," he said.
Two states, Colorado and Washington, have legalized recreational marijuana use. Another 18, along with the District of Columbia, allow some legal pot use, primarily for medicinal purposes. But when it comes to federal law, marijuana remains a schedule 1 controlled substance -- a drug with high potential for abuse but no accepted medical use -- and the White House has said that Obama doesn't support changing that status.
Instead, Obama said in the New Yorker interview that he's focused on making laws that treat users fairly.
"We should not be locking up kids or individual users for long stretches of jail time when some of the folks who are writing those laws have probably done the same thing," he told Remnick.
In August, Obama's Justice Department announced it would not challenge legalization in Colorado and Washington, and instead focus federal enforcement on trafficking cases and preventing pot from getting in the hands of kids. Prosecutors are now required to focus on distinct enforcement priorities that also include preventing driving while high and forbidding the cultivation of marijuana on public lands.
In the New Yorker, Obama said Colorado and Washington's laws were "important" since they decriminalized a commonly used substance.
Terra Tech has over a 100 acres in New Jersey. See below.
The New Jersey Senate has scheduled a bill that would set up a license for industrial hemp, laying the ground work for NJ farmers to be able to grow the crop.
A2415/S3110, a bill which would guarantee New Jersey farmers are afforded the right to grow hemp as soon as federal law allows by setting up a hemp license, will be voted on by the Senate on Monday. An Assembly vote is likely to follow, sending the bill to the Governor's desk.
"I commend the leadership for putting this bill up and urge the Governor's signature. This is an economic engine for our state and an industry which we really must tap into and utliize. This bill will benefit not only our economy, but our local farmers and environment.", said Assemblyman Gusciora, sponsor of the bill.
Derek Peterson, CEO of Terra Tech Corp (TRTC), a publically-traded sustainably minded New Jersey based agricultural company, said "We have 100 acres of land we plan on cultivating hemp on as soon as possible. We hope the laws and regulations allow us to participate in this industry to provide this sustainable crop to the local population and economy."
Allowing hemp to be grown in NJ would allow my small business to sell locally grown products while reducing my costs and stimulating the local NJ economy", said Michael Chazukow, a NORML New Jersey Board member and owner of Hemp Heaven, a New Jersey based hemp retailer.
Industrial hemp is non-psychoactive and has the ability to produce products as versatile as biodegradable plastic, cloth, soap, and health food. It is currently illegal to cultivate in the United States, although hemp fiber and products made from hemp are legal to possess and sell.
Shipping stocks extended impressive run on the back of multiple catalysts. The Baltic Dry Index has hit 2,277 points. The market has started to take notice of the recovery in the industry and it looks like the shipping companies are again going to make a comeback.
Genco Shipping & Trading Limited (NYSE:GNK), Euroseas Ltd. (NASDAQ:ESEA) and Box Ships Inc (NYSE:TEU) each gained more than 10% while Baltic Trading Ltd (NYSE:BALT) added 4.8%, all extending gains after Maxim Group analyst Noah Parquette wrote in a note to investors that the dry bulk sector is at the beginning of a cyclical upturn.
The great news for the global shipping market is that rising demand for oil and refined products within Asia has led tanker rates to a three-and-a-half year high. What’s more, the rate for Jones Act tankers also hit an all-time high last week, as increasing domestic US oil output squeezes the market for US flagged vessels, Under the Jones Act only US flagged vessels are allowed to transport cargo between US domestic ports.
As a SA contributor reported “the shipping industry has been under immense pressure over the past five years due to the slowdown in the global economy and trade. There were some industry specific issues as well, such as oversupply to the operators resulting in record low shipping rates – this might have been sustainable if the global economy were in a boom; however, a recessionary environment coupled with oversupply of vessels is a recipe for disaster, which is exactly what happened”.
It is also believed that along with rising day rates and increasing demand, the number of new tankers and drybulk ships entering the global fleet has begun to fall, ending several years of market oversupply.
The dry bulk industry climbed following a broad-based rally on Tuesday, encouraged by a report that showed American companies were investing in their businesses at the fastest pace since January.
On Thursday, Navios Maritime Holdings Inc. (NYSE:NM) and Baltic Trading Ltd (NYSE:BALT) marked their new highs whereas NewLead Holdings Ltd (NASDAQ:NEWL) 35.86% and Eagle Bulk Shipping Inc. (NASDAQ:EGLE) rose 20.49%.
China’s ferro-chrome imports at nine-month high in November
December 24, 2013 - 05:57 GMT Location: Shanghai
KEYWORDS: China , chrome ore , ferro-chrome , import
China’s imports of high carbon ferro-chrome rose to a nine-month high in November after traders increased purchases in October when the price gap between domestic and imported material price narrowed.
Inbound shipments of high carbon ferro-chrome were 215,180 tonnes last month, up 73.2% month-on-month and 42.6% higher year-on-year, according to the latest figures from the Chinese customs. The imports were at the highest level since February.
FACTS: China's imports of steelmaking raw materials up in November
December 24, 2013 - 03:45 GMT Location: Shanghai
KEYWORDS: Chinese customs , imports , November
Chinese imports of steelmaking raw materials rose in November, with the country aquiring record levels of iron ore during the month.
China’s iron ore imports surged 14.8% month-on-month to reach a record high in November, according to data released by Chinese customs on Monday December 23. Volumes of the steelmaking raw material unloaded at Chinese ports reached 77.48 million tonnes, up from 67.83 million tonnes in October. Arrivals from the top three suppliers all increased, with shipments from Australia rising 10.2% on the month to 39.61 million tonnes, while China acquired 15.38 million tonnes from Brazil, up 20.9% over the same period. Volumes imported from South Africa totalled 4.5 million tones.