Pot entrepreneurs seek funding through large hedge funds and venture capitalist. Over $250 million in pot projects could return billions to early investors. Top hedge funds looking to take a stake in large growers like Phoenix Pharms Capital, Medi Jane and Phoenix Bio Pharmaceuticals.
Why are large investment firms investment so much investment capital in to pot deals? Marijuana is going mainstream and fast. THE US GOVT. HAS PATENTED MEDICAL MARIJUANA. Patent #6630507.
Patent No. 6630507, held by the United States Department of Health and Human Services, covers the use of cannabinoids for treating a wide range of diseases.
Under U.S. federal law, marijuana is defined as having no medical use. So it might come as a surprise to hear that the government owns one of the only patents on marijuana as a medicine.
The patent (US6630507) is titled “Cannabinoids as antioxidants and neuroprotectants” and was awarded to the Department of Health and Human Services (HHS) in October 2003.
It was filed four years earlier, in 1999, by a group of scientists from the National Institute of Mental Health (NIMH), which is part of the National Institutes of Health (NIH).
What is Patent No. 6630507?