KY: Dude Where’s My Hemp? Hailing Uber

Seed project…

Image courtesy of Paul/FreeDigitalPhotos.net

Image courtesy of Paul/FreeDigitalPhotos.net

Kentucky’s state agricultural department has a 250 pound stash of hemp seed that they’re itching to plant for some pilot projects they’ve got planned. The problem is the DEA is keeping it at a UPS facility and is being very uncool about releasing it. A group of Veterans who would like to take up farming would like to utilize these seeds, which makes the fact that the DEA is holding them that much more rude  – and uncool. So state officials are doing what any red-blooded American would do in a situation like this: They are suing. US Attorney General Eric Holder, Customs, the DEA and the Justice Department are the defendants. A hearing is scheduled for today because those seeds really need to be planted by June 1 in time for the hemp growing season. I’d like to see the DEA try this in Colorado.

Pin this…

Image courtesy of MR LIGHTMAN/FreeDigitalPhotos.net

Image courtesy of MR LIGHTMAN/FreeDigitalPhotos.net

Pinterest. You know it. You love it. You must be among its 30,000,000 active monthly users. The social media company just infused with some major cash –  $200 million, in case you were wondering – raising its valuation to $5 billion. If you haven’t noticed (though I’m sure you did) it now has “promoted pins” which means ads in Pinterest speak. And this next one is quite the biggie: Pinterest has apparently overtaken Twitter as the social destination for women. Which might partly explain a bit why Twitter hasn’t been living up to its hype. Some of that new money is going abroad, that is to help spread the Pinterest love all over the world, though it is already in 31 countries.

Headed in new directions….

Image courtesy of Stuart Miles/FreeDigital Photos.net

Image courtesy of Stuart Miles/FreeDigital Photos.net

The Uber app, a ride sharing service that is ticking off the taxi industry, wants to raise several hundred million dollars and get a $10 billion valuation (just like Pinterest – only not). Even though Uber began just five years ago, the company has proven to be a massive success – doubling their reach in just six months – even as it deals with major regulatory problems courtesy of miffed taxi drivers. In fact, some Uber drives are even getting ticketed by police. But it’s going to take a lot more to thwart the app’s efforts as it is used in over 100 cities  – worldwide.  The Financial Times said the app could likely pull in a billion dollars just for 2014. Among Uber’s very prescient backers is Amazon’s very own Jeff Bezos (who seems to have sizable stakes in all the right tech companies). Right now India is their largest market now outside of the US. But as with so many other tech companies lately, people wonder if they are really worth all those billions.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s