Last week, Gulf Onshore, a publicly traded, over-the-counter, oil leasing company acquired the assets of Cannex Therapeutics, a cannabis research and development company that was started by Dr. Robert Melamede, Richard Cowan and yours truly.

In simple terms, the owners of Gulf have decided to exit the oil business, sell off their oil leases and merge with Cannex. For them, our venture is just the ticket for an environmentally friendly, 21st century company. Best of all, we acquired controlling interest and, with their full support, replaced their team with ours.

Hopefully, people will appreciate that in merging our two companies, we recycled an ugly old oil company, into a cannabis-friendly company instead. Fox News and other financial networks covered the event, as did Bio Century, a $4,000 per year trade magazine for the biotech industry.

Meanwhile, many of my Libertatrian friends were left scratching their heads and wondering, “Are these guys nuts? They'll NEVER get FDA approval for their cannabis-based medicines.”

Of course, when we explain our plan, the lights go on and people understand why we are confident we can succeed.

For example, the FDA has already approved phase 3 human trials of another cannabis based product by a pharmaceutical company. We believe our product is very similar in formulation and much more effective. In fact, we conducted tests in Canada that confirmed that our product was more desirable. However, the important point here is that the precedent has already been established for us.

Another objection that we hear is that our venture is too risky and uncertain. Yes, our venture is a risk and investors could lose everything, but where is there a “safe” investment these days? Let's say we had a deal with Lehman Bros. It was guaranteed by AIG and funded by RBS and our cash is managed by Madoff & Co. Think how safe that would have looked!

Meanwhile, in the real world, we attempted to launch our new endeavor, while we confronted a stock market crash and a collapse of the credit markets. Despite such overwhelming challenges, we have persevered and we have made business history.

So, for us, right now, acquiring a publicly traded company is a significant accomplishment, not just for us, but for all who believe in this miraculous, healing herb.

Everyone congratulates us, but then they go out of their way to inform me that the odds are just too staggering for me to pull this off. Well, excuse me, but I have a proven track record of repeatedly defying enormous odds and still succeeding:

No one has ever survived my form of cancer for more than a few years, yet this is my 35th year of surviving this deadly disease and cannabis is the only medicine I use. For most of those 35 years people laughed at me when I told them the cannabis was keeping my cancer under control. Today, our company has a database of 510 scientific, peer-reviewed studies showing that cannabinoids kill cancer cells.

No one believed me when I promised to deliver the half million dollars we needed to collect signatures and qualify Prop. 215 for the ballot, but I did. Everyone said we would never succeed, but I knew we had the polling numbers and the element of surprise. I told our wealthy sponsors, “It will never be easier or less expensive than NOW.” Fortunately, they listened and gave us the money.

No one believed I could fight off 19 felony charges with a minimum of 40 years in prison, but I did AND so did you, because you supported my battle with the Blue Meanies and many of you even contributed to my defense fund.

No one, not even my closest friends and family, believed me when I insisted that I would ultimately be vindicated, my convictions dismissed, and my record expunged, yet that is exactly what came to pass.

As you can see, I have an extraordinary track record of overcoming seemingly impossible odds. I ask that you respect my track record and join our venture. Vote with your wallet, so we can work together to show the world that we mean business. Even if you are only investing $100 through an online brokerage site, you'll still be making a statement and you'll be investing in a prosperous future of your own values and beliefs.

It amazes me how excited my friends and fellow activist become about paying the government $100 million in taxes. How about creating a $100 million cannabis-based medicine company instead? Personally, I find that far more exciting and creative.

Can we actually create a viable, cannabis-based pharmaceutical company with FDA approved medicines that are nontoxic, organic, and highly effective? All I can tell you is what I tell everyone else:

“It will never be easier or less expensive then NOW.”

If it would be a suitable investment for you, we are a publicly traded, over-the-counter (Bulletin Board, not Pink Sheets) stock, you can look us up with our current symbol NASD OTCBB: GFON and invest and own a stake in a future world where cannabis is accepted and approved for medical use.

But what about the name? Don't worry, we will be announcing a change in the company name to Cannabis Science Inc. (CSI), later this week.