Yesterday’s News – January 9, 2015

because nobody’s ready for today yet

 

money

 

Peter Thiel and his $2 billion Founders Fund look to inject a different kind of green into the cannabis industry with a proposed bid to buy a minority stake in Privateer Holdings. The Seattle-based Privateer is currently the parent company for Tilray, Leafly, and Marley Natural, while Founders Fund’s tech investments include Facebook and Airbnb. This partnership would mark a major milestone in the budding industry, which has had difficulty attracting and maintaining major investors in the past. For more coverage, click any of the links below:

cbsnews.com/news/founders-fund-to-invest-multimillions-in-marijuana/

 

theguardian.com/business/2015/jan/08/cannabis-investor-peter-theil-paypal-founder

 

latimes.com/business/la-fi-founders-fund-marijuana-20150109-story.html

 

 

Sativex, an experimental drug derived from cannabis, failed a cancer pain study, causing British company GW Pharmaceuticals’ stocks to plummet. Though the drug is approved to treat muscle spasticity associated with multiple sclerosis in 27 countries and had demonstrated positive results in previous studies, this late-stage trial “found no statistically significant difference between subjects using its product and those given a placebo.” You can read the Yahoo! News article, while pondering whole plant medicine, here:

yahoo.com/gw-pharmas-cannabis-drug-fails-cancer-pain-study-122308627–finance.html

 

 

United Cannabis Corp., a Denver-based consulting and proprietary products company, will help Native American tribes of California grow, process, and distribute medical cannabis. The planned partnership would include three growing and processing plants on reservation lands in Northern California. Check the Denver Post for details:

denverpost.com/business/ci_27284773/united-cannabis-denver-help-calif-indian-tribes-grow

 

 

After a disappointing 2014 election in which the majority of voters approved medical marijuana, and it still wasn’t enough to pass, Florida’s United for Care starts to rally for their 2016 effort. The Tampa Bay Times has the full story:

tampabay.com/news/politics/elections/united-for-care-starts-new-effort-to-legalize-medical-marijuana-in-florida/2212951

 

 

Posted in The Informant.

Leave a Reply

Your email address will not be published. Required fields are marked *