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The number of doctors who have applied for permission to dispense medical marijuana is edging upward, as the estimated summer start of the program gets closer.

Major market players are buzzing over The Medicines Company (NASDAQ:MDCO) as their share price hit $27.25 at the end of the most recent trading session.

Market capitalization is the total dollar market value of a company's shares. It is calculated by multiplying a company's shares outstanding by the current market price of one share. Investors use this figure to figure out a company's size, as opposed to just using total asset or sales figures. Market capitalization is important because company size is a basic indicator of multiple characteristics in which investors are interested in, including risk. It is easy to calculate. For example, a company with 40 million shares selling at $100 a share would have a market cap of $4 billion. Companies are ranked according to their market caps, ranking them as large-cap, mid-cap and small-cap. Large-cap companies usually have a market capitalization of $10 billion and up. These large-cap companies have typically been around for a long period of time, and they are usually major players in well-established industries. Mid-cap companies have a market capitalization of $2 billion - $10 billion. Mid-cap companies operate in industries expected to experience rapid growth. Companies that have a market capitalization $300 million - $2 billion are classified as small-cap companies. These companies are usually young in age and they could serve new industries as well as niche markets. The Medicines Company (NASDAQ:MDCO)’s market cap is $1986.45.

In October, only two doctors had submitted applications for the permit required to offer medical-grade pot to patients. Two months later, that has increased to six doctors.

VICTORIA - A new public art installation proposed for Victoria has sparked debate over the merit and interpretation of city-funded artwork.

British Columbia artist Luke Ramsey defended the inspiration and design of the sculpture that incorporates a series of colourful surfboard-type arches mimicking the silhouette of an orca at city council last week.

The design was ultimately approved by council and will be installed as part of a larger landscaping project for the waterfront sparked by the construction of a new bridge.

Three applications have been approved, according to the Louisiana State Board of Medical Examiners. None have been denied. The rest are pending. Nearly all the doctors who have applied practice in Baton Rouge and New Orleans, though an Alexandria doctor's application is pending.

The information came in response to a public records request filed by The Associated Press.

Only the agricultural centers at LSU and Southern University are allowed to grow medicinal-grade pot, and both schools have selected their vendors to run the growing operations. LSU estimates its product will be available by the summer.

Louisiana's law will eventually get the drug to people with cancer, a severe form of cerebral palsy, seizure disorders, epilepsy, muscular dystrophy and other diseases, officials say. Marijuana can be available in medicinal oils, pills, sprays and topical applications, but cannot be sold in a form that can be smoked.

The $250,000 sculpture compliments an interactive sound element of First Nations drumming and singing created by the city's Indigenous artist-in-residence Lindsay Delaronde.

The art will be installed near the city's downtown waterfront, and Councillor Ben Isitt questioned the simplicity of the sculpture and its ability to reflect the Indigenous history of the land.

But Councillor Marianne Alto says it's not up to the city to determine or define what is Indigenous art.

Doctors won't issue a prescription, but instead a "physician recommendation form," a legal nuance aimed at keeping doctors from jeopardizing their medical licenses because federal law prohibits prescribing marijuana.

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No dispensing pharmacies have yet been selected. The Board of Pharmacy announced in its solicitation of applications that it intends to issue one permit in each of the nine state-designated health care regions in January.