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Home 🌿 Medical Cannabis News 🌿 Medical Marijuana Applicant Promises $5M In Grants, Including $1M To Stony Brook NY 🌿

Medical Marijuana Applicant Promises $5M In Grants, Including $1M To Stony Brook NY

Submitted by Marijuana News on Tue, 07/07/2015 - 08:45

A pharmaceutical company competing for one of the state's five medical marijuana licenses on Monday pledged to provide $5 million in grants to researchers statewide including $1 million to Stony Brook University.

Fiorello Pharmaceuticals Inc. based in New York announced Monday that it will provide the grants for research into medical marijuana uses if it secures one of five state licenses to provide medical marijuana.

The Legislature and Gov. Andrew M. Cuomo adopted New York's medical marijuana law last year. The law is strictly limited to marijuana in smokeless forms for specific serious medical conditions including epilepsy, cancer, HIV/AIDS, multiple sclerosis and A.L.S., which has long been known as Lou Gehrig's disease. The state Health Department is now evaluating voluminous proposals by more than 100 companies. Operations and dispensing of medical marijuana is scheduled to begin Jan. 5.

At the State University of New York at Stony Brook, the grant...

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URL: 
http://www.newsday.com/long-island/politics/spin-cycle/med-marijuana-applicant-promises-5-m-in-research-grants-including-1-m-to-stony-brook-1.10613967

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