NY Based Kannalife Awarded Exclusive Cannabinoid (Marijuana) License By Feds

[green for victory]

Cannabinoid Patent Exclusivity Only Applies To One Condition

By Steve Elliott ~alapoet~ in Medical, News
Monday, December 19, 2011 at 8:00 pm

The exclusive rights to apply the cannabinoids found in marijuana as therapeutic agents awarded by the U.S. federal government to the firm KannaLife only apply to one specific medical condition, KannaLife's CEO told Toke of the Town Monday night.


Dean Petkanas, CEO, KannaLife:
"Our exclusivity is narrowly focused"
(you'd be grinning too!-gfv)

Dean Petkanas, chief executive officer at KannaLife Sciences, told us that the exclusivity applies only for the development and sale of cannabinoid based therapeutics as antioxidants and neuroprotectants for use in the treatment of hepatic encephalopathy.

"It is narrowly defined exclusivity, in that field," Petkanas told us. "Our exclusivity is narrowly focused.">>More

http://www.tokeofthetown.com/2011/12/cannabinoid_patent_exclusivity_only_applies_to_one.php

Kannalife: We are a socially responsible, phyto-medical company specializing in the research & development of pharmacological products derived from plants.

Question: If the patent (#6630507) is owned by US DHHS, isn't it really the peoples patent, and why should a for profit company be granted the license to profit from a patent ostensibly owned by the people?

Could it be that the "United States Of America" and the people of the United States of America are now separate and unequal things?

[djean111]

1. Bingo!

Hopefully the government can't figure out a way to award patents for sunlight to private firms.
Question - can just smoking a joint be helpful for people with hepatic encephalopathy? (liver problem)

[eShirl]

2. So the Feds officially admit the Schedule 1 classification is wrong?

interesting

[TroglodyteScholar]

6. I'm sure we'll see a well-publicized schedule change before KannaLife's first payday...

What a joke!

[Webster Green]

3. This is reminicent of the last episodes of 'Weeds'.

I miss that whacky show.

[Are_grits_groceries]

4. The city of Oakland has used this in a lawsuit:

The city of Oakland engaged in a heated battle with federal authorities over the fate of a large medical marijuana dispensary, argued in court on Thursday that Washington was ignoring science by cracking down on medical pot. The city, in a novel lawsuit seeking to block U.S. Officials from forcing the dispensary to close, says the federal government's own scientists have found medical benefits for pot and have secured a U.S. patent for use of the drug, even as prosecutors have targeted medical cannabis dispensaries. Medical Marijuana Therapy Patents, Copyrights
http://article.wn.com/view/2012/12/21/Oakland_Calif_spars_in_court_with_Washington_over_medical_po/

I smell a rat. The government owns that patent. Are they securing patents on other uses so they have exclusive rights to medical marijuana?
This would explain the crackdown. Gotta get rid of the competition.

[djean111]

5. That is really the only logical explanation.

Corporatist pot.

[hobbit709]

7. Remember the bumper sticker "Don't steal, the government hates competition"