Cannabis-based Medicine approved in Italy
Category: Medical Marijuana | Posted on Wed, May, 8th 2013 by THCFinder
Cambridge medical technology business, GW Pharmaceuticals, has earned a key European approval for its cannabis-based prescription medicine Sativex® in Italy – and a €250k windfall in the process.
Full marketing authorisation has been granted by the authorities in Italy for the treatment of moderate to severe spasticity in Multiple Sclerosis patients who have not responded adequately to other anti-spasticity medications.
Regulatory, pricing and reimbursement approvals are now in place for an expected commercial launch in September by GW’s partner, Almirall S.A. The breakthrough triggers a €250,000 milestone payment from Almirall to GW.
Justin Gover, CEO of GW, said: “The approval in Italy brings the total to 21 countries that have approved Sativex® for use in the treatment of MS spasticity.
“In granting reimbursement approval for Sativex®, we appreciate the foresight of the Italian authorities in recognising the value of a medicine that treats a particularly debilitating symptom of MS that is not adequately treated with currently available medications.
“We now look forward to working with our partners Almirall towards commercial launch in this important market in a few months’ time.”
Private Reserve OG Cannabis buds
Category: Nugs | Posted on Wed, May, 8th 2013 by THCFinder
Should marijuana be marketed as a tourist attraction?
Category: Culture | Posted on Wed, May, 8th 2013 by THCFinder
COLORADO SPRINGS, COLO. -- There has been a lot of talk since Amendment 64 passed in the November election.
Everything from how to tax marijuana, to how its legalization will impact how others view our state.
As lawmakers work to hash out the details, some local businesses our already eyeing the drug's potential to bring in dollars.
Marijuana-based businesses are nothing new to our area, as we saw hundreds of medical marijuana shops pop up several years ago around town.
The difference now is, local entrepreneurs have the opportunity to possibly expand their businesses to incorporate tourism through responsible, recreational use.
"It is an amazing moment, investors from across the state and across the country are flocking here," KC Stark said.
Stark is the founder and owner of Studio A64, an "upscale, private cannabis club" in downtown Colorado Springs.
"This is the birth of an industry, it is the end of prohibition," Stark said. "Colorado Springs is, and could be even more the silicon valley for cannabis development."
Along with his business, Stark is also the founder of the local marijuana business academy. A place in which investors can learn best practices.
"In six months we have had I think over 100 investors meet with us, and talk with us," he said.
People, according to Stark, who are interested in investing in cannabis energy drinks, spas, dating websites and retail grow operations.
Read more: http://www.fox21news.com
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