Later On

A blog written for those whose interests more or less match mine.

A pharma company that spent $500,000 trying to keep pot illegal just got DEA approval for synthetic marijuana

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:sigh: One grows tired of this stuff. Christopher Ingraham reports in the Washington Post:

Insys Therapeutics, a pharmaceutical company that was one of the chief financial backers of the opposition to marijuana legalization in Arizona last year, received preliminary approval from the Drug Enforcement Administration this week for Syndros, a synthetic marijuana drug.

Insys gave $500,000 last summer to Arizonans for Responsible Drug Policy, the group opposing marijuana legalization in Arizona. The donation amounted to roughly 10 percent of all money raised by the group in an ultimately successful campaign against legalization. Insys was the only pharmaceutical company known to be giving money to oppose legalization last year, according to a Washington Post analysis of campaign finance records.

Syndros is a synthetic formulation of THC, the main psychoactive component in the cannabis plant. It was approved by the FDA last summer to treat nausea, vomiting and weight loss in cancer and AIDS patients. The DEA approval places Syndros and its generic formulations in Schedule II of the Controlled Substances Act, indicating a “high potential for abuse.” Other Schedule II drugs include cocaine, morphine, and many prescription painkillers.

Whole-plant marijuana remains in Schedule I of the CSA, an even stricter regulatory category that designates a lack of medically-accepted use in addition to a high abuse potential.

Insys has been active marijuana policy for several years. In 2011 it wrote to the DEA to express opposition to loosening restrictions on naturally-derived THC, citing  “the abuse potential in terms of the need to grow and cultivate substantial crops of marijuana in the United States.”

Last year it petitioned the DEA to loosen restrictions on synthetic versions of CBD, another compound in the cannabis plant. The company is currently developing a CBD-based drug to treat pediatric epilepsy.

“It appears they are trying to kill a non-pharmaceutical market for marijuana in order to line their own pockets,” a spokesman for Arizona’s marijuana legalization campaign said of Insys last year. . .

Continue reading.

Written by LeisureGuy

24 March 2017 at 10:37 am

Posted in Business, Drug laws

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