Wednesday, June 8, 2005

Despite Supreme Court Decision, Medical Marijuana Biz Still Blazing

NEW YORK (Wireless Flash - FlashNews) – Despite the Supreme Court’s decision to allow the ban of medical marijuana, a company that makes products using the wacky weed is still blazing ahead.

Amigula is a publicly-traded company with various patents for medical products using marijuana and while CEO W.B. Eugene admits the decision affects the company’s ability to expand into the U.S. market as a grower, he predicts it will have little effect on the overall business.

As he puts it, “Our stock share has only decreased a few cents since the decision.”

Smoking is currently the most effective delivery system for medical marijuana, but Eugene says Amigula is now focusing on products that won’t get officials out-of-joint as much as joints.

Those include chemicals created from pot, a marijuana patch and droplets that are taken under the tongue.

But Eugene says consumers, not law enforcement, are behind the shift in direction. In his words, “There are a lot of people who could benefit from medicinal marijuana but don’t want to smoke around their kids.”

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