The Feds Just Spent A Cool $69 Million On Marijuana For Research


The National Institute Of Health just spent $69 million on marijuana plants, all in an effort to further research at the federal level.

According to an article in Time, the money is going to a well-known research lab at Ole Miss. That lab has been “sole producer of federally legal marijuana since 1968.” The money will help the lab to grow an estimated 30,000 plants.

In exchange for the contract, the NIH’s National Institute on Drug Abuse has asked for a “secure and video monitored outdoor facility of approximately 12 acres” that could handle the “cultivation, growing, harvesting, analyzing, and storing of research grade cannabis. The indoor facility must be at least 1000 square feet, having controls for light intensity, photo cycles, temperature, humidity, and carbon dioxide concentration.”

The main reason for the government’s spending on research is because “it’s interested in developing new methods for growing plants that contain a variety of different levels of tetrahydrocannabinol, the chemical most responsible for pot’s psychological “high” effect, and cannabidiol, a nonpsychoactive ingredient claimed in high-profile anecdotes to effectively treat medical disorders like epilepsy.”

No word on when the research will begin or when it would be expected to end. More details will be announced soon.


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Richard Lowe

Richard Lowe is a 14-year veteran of the financial sector with licenses as a commodity broker (Series 3) and investment advisor representative (IAR Series 65). Along with a focus on raising capital for the firms he was employed with, he also wrote and edited much of the content published by them. He holds a BA in Journalism from the University of Massachusetts. He has been a longtime advocate for marijuana legalization due to the social injustices associated with marijuana prohibition and the strong potential for the medicinal benefits of cannabis.

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