Big Government and Big Money Scooping Up $142 Bil Medical Marijuana Market

Christina Sarich
by
June 17th, 2013
Updated 07/29/2013 at 1:41 am

With only two states in the US currently allowing recreational use of marijuana and six more states with pending legislation to legalize medical marijuana, it is no wonder that Big Money and Big Government are looking for a way to capitalize on a market that has been overrun by special interest restriction and underground ‘pushers’ for hundreds of years.

big-government-medical-marijuanaWhere once those who sold pot were demonized and jailed, now cannabis sellers will be heralded as the latest entrepreneurs.

According to the United Nations Office on Drugs and Crime, pot sales are worth a whopping $142 billion annually. It seems ironic that selling pot was once criminalized, and that now that it is in the infantile stages of being legalized nationally, ex Microsoft executives and venture capitalists are looking to jump into a new corporate playground of selling these highly beneficial ‘drugs’. Does that mean they will try to patent cannabis, the same way they have tried to patent other natural medicinal herbs?

UK-based GW Pharmaceuticals would like to patent marijuana to treat cancer. They make a product called Sativex that contains cannabinoids, utilizing THC and CBD that are derived from cannabis plants. The patent is currently pending.

The US government already holds several patents on cannabis. That’s odd, since they have denied that cannabis has any medicinal benefit for years! One US Patent 6630507 titled “Cannabinoids as antioxidants and neuroprotectants,” which is assigned to The United States of America, as represented by the Department of Health and Human Services states, “Cannabinoids have been found to have antioxidant properties, unrelated to NMDA receptor antagonism. This new found property makes cannabinoids useful in the treatment and prophylaxis of wide variety of oxidation associated diseases, such as ischemic, age-related, inflammatory and autoimmune diseases.”

That US patent was obtained in 2003.

Considering all the research that has been coming out to prove the effectiveness of cannabinoids, including a Harvard study that even claims THC cures cancer, make no mistake, the legalization of pot will lead to corporate monopolies no less significant and drastic than the rest of Big Government’s reign over the drug market.

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Category: Health, Money

Christina Sarich

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Comments (18)

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  1. a dave says:

    Your so correct, and huge “progress” in that direction is being made here in Kanada – MedCanna rules have changed – no more grow-ur-own or for other MMA licencees; they propose taking growing away from individuals & amateur “criminals” and licencing professional criminals (entrepeneurs) to gouge patients and providing no Med. Ins. to Srs. or the poor, and charge $10 +/gram!

    Why not?

  2. WeCu says:

    why is the US govt receiving a patent from the US govt anyway? what does it intend to do with it? save humanity? more likley sell it to a corporate crony for a song. who paid for the US GOVT to go through the patent process anyway? it is as absurd as "non-govt" organizations that receive govt money or the CIA somehow being allowed to start a company or joint venture. when does his corpratocracy-piracy end?

  3. JdL says:

    $142 billion per year?? That works out to almost five hundred dollars per year for every man, woman, and child in America. Is that possible?

    I do believe that greedy government thugs will do their best to tap into the market for marijuana. I hope that those who use it will respond by continuing to buy on the "black market", thus cutting the government out.

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  5. James says:

    Pretty good blog it is! By reading this blog one thing I just want to agree with that US Patent 6630507 titled described the true things that Cannabinoids as antioxidants and neuroprotectant which describes USA as a represented by the department of health and human service states and I hope that people will agree with me as well. Thanks

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  8. CHU says:

    How could we file a class action sue against the us. For filing a patent/s on a plant that can cure people? So, its like saying I have a cure for cancer and I can be jailed for exercising the processed. I'd like to know if anyone has take on this matter.

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