New York, NY -- (ReleaseWire) -- 02/28/2013 --Medical Marijuana, Inc. (OTC Pink: MJNA) is seeing increasing favourable government regulations.
The November 2012 elections may have started the trend towards marijuana acceptance, but governments have just recently started inking the new laws. Recently, New York City became the latest city to announce that it would no longer arrest individuals on possession of marijuana, if they can provide an ID and do not have any outstanding warrants.
This will allow NYPD to focus on catching criminals, and not continue to spend endless resources incarcerating people for laws that many see as outdated. New York Governor Andrew Cuomo also intends to introduce a statewide bill decriminalizing possession under 15 grams with mayor Bloomberg’s support.
Medical Marijuana Inc. operates in the medical marijuana and industrial hemp markets.
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Reuters reported that Nestle SA (OTC Pink: NSRGY) has agreed to buy U.S. medical foods company Pamlab. Nestle said it was not disclosing terms of the deal. It has also acquired U.S. firm Prometheus Laboratories, which makes tests and drugs for inflammatory bowel diseases, and UK-based CM&D Pharma Ltd, which makes a chewing gum for kidney patients.
Nestle SA is a Switzerland-based holding company of the Nestle Group (the Group) and is principally engaged in the development and production of food and beverage. The Group manages its Food and Beverages business through three geographic zones (Zone Europe, Zone Americas and Zone Asia, Oceania and Africa) and globally for Nestle Waters, Nestle Nutrition and Other Food and Beverages (Others). The others segment includes activities of Nestle Professional, Nespresso, Nestle Health Science and the Joint Ventures in both Food and Beverages and Pharmaceutical activities.
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