Monsanto

If you follow business news at all, you will know that Bayer is buying out Monsanto. The deal is done, pending allowance by a whole pile of governments and their anti-trust agencies. I should have written Pending, with at least one capital letter.

Anyway, perhaps Bayer is paying too much, $66Billion for a company worth $48B.

But...

California will legalize Marihuana for recreational use. Other states will follow, or have led this already. That, and the drugs to follow, will be produced agriculturally in the US (and Europe), in controlled ways. Like, in industrial agricultural ways. This will be a really big new market. Bayer can't ignore that, can they?

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emlong's picture
Member since:
18 September 2007
Last activity:
3 hours 18 min

"Christopher Ingraham writes in the Washington Post that a new study shows that painkiller abuse and overdose are significantly lower in states with medical marijuana laws and that when medical marijuana is available, pain patients are increasingly choosing pot over powerful and deadly prescription narcotics. The researchers "found that, in the 17 states with a medical-marijuana law in place by 2013, prescriptions for painkillers and other classes of drugs fell sharply compared with states that did not have a medical-marijuana law... In medical-marijuana states, the average doctor prescribed 265 fewer doses of antidepressants each year, 486 fewer doses of seizure medication, 541 fewer anti-nausea doses and 562 fewer doses of anti-anxiety medication. But most strikingly, the typical physician in a medical-marijuana state prescribed 1,826 fewer doses of painkillers in a given year."

[P]ainkiller drug companies "have long been at the forefront of opposition to marijuana reform, funding research by anti-pot academics and funneling dollars to groups, such as the Community Anti-Drug Coalitions of America, that oppose marijuana legalization...""

earthling's picture
Member since:
22 November 2004
Last activity:
3 hours 26 min

I still say that the vast majority of marijuana users use it for recreational purposes.

While the pain-reducing effects are present and undeniable, very few of the MJ users apply it for that purpose.

Which has nothing to do with my original point - Bayer wants the MJ market, and later, whatever else is legalized, and then under government control. Perhaps like something trademarked as "Heroin"? I think Bayer still owns that trademark.

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We are the cat.