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Medical marijuana could cost big pharma $4 billion a year

Category: Medical Marijuana | Posted on Wed, May, 31st 2017 by THCFinder

Once the federal government finally allows medical marijuana to become a legitimate part of the healthcare industry, Big Pharma could suffer the loss of billions of dollars, a new report finds.

It seems the pharmaceutical trade has more than enough reasons to fear the legalization of marijuana, as an analysis conducted by the folks at New Frontier Data predicts the legal use of cannabis products for ailments ranging from chronic pain to seizures could cost marketers of modern medicine somewhere around $4 billion per year.

The report was compiled using a study released last year from the University of Georgia showing a decrease in Medicare prescriptions in states where medical marijuana is legal. The study, which was first outlined by the Washington Post, was largely responsible for stirring up the debate over how a legitimate cannabis market might be able to reduce the national opioid problem. It found that medical marijuana, at least with respect to those drugs for which it is considered an alternative treatment, was already costing pill manufactures nearly $166 million annually.

Read More:http://www.salon.com/2017/05/27/medical-marijuana-could-cost-big-pharma-4-billion-a-year_partner/


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Super High Me - The First Toke

Category: Videos | Posted on Wed, May, 31st 2017 by THCFinder


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Investment Company Predicts Success of Effective Marijuana Breathalyzer

Category: Tokers | Posted on Wed, May, 31st 2017 by THCFinder

Although many companies have tried and failed throughout the years to create a legitimate roadside detection method for gauging marijuana impairment, a recent multi-million dollar investment in Breathalyzer technology could be an indication that an effective test is on the horizon.

According to a report from Business Insider, Silicon Valley’s Benchmark Capital, the venture capital firm that took early chances on Uber, Snap and Dropbox, has thrown more than $8 million at Oakland-based startup Hound Labs to get its new marijuana Breathalyzer off the ground.

Hound Labs made headlines back in 2014 when the company revealed that it had successfully produced the first-ever marijuana Breathalyzer that police would be able to use to “determine if an individual is impaired from recent marijuana use.”

Read More:http://hightimes.com/business/investment-company-predicts-success-of-effective-marijuana-breathalyzer/


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Edibles are gobbling up California’s marijuana market

Category: Culture | Posted on Wed, May, 31st 2017 by THCFinder

Adding cannabis to everything from iced coffee to breath mints, local startups are jockeying for a bite of California’s growing marijuana edibles market as the state gears up to allow recreational pot sales.

The industry that barely existed 10 years ago — apart from a few bakers making pot brownies in their home kitchens — now shows no sign of slowing down.

“There’s a brand boom going on right now, particularly in preparation for adult use legalization here,” said Troy Dayton, CEO of The Arcview Group, a research and investment services firm focusing on marijuana businesses. “Not all of them are going to do well, but there’s just so many different types of edibles hitting different market segments.”

Read More:http://www.thecannifornian.com/special-sections/edibles-gobbling-californias-marijuana-market/


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