Insys Therapeutics, a pharmaceutical company that poured lots of money into opposing weed legalization in Arizona last year just got its payoff—thank you very much.
That payoff came in the form of this week’s preliminary approval from the DEA for its synthetic marijuana drug, Syndros.
Just A Little Reminder
Insys forked over a cool half-million dollars to Arizonans for Responsible Drug Policy, which represented roughly 10 percent of all money the anti-pot group raised to scuttle Arizona’s popular Prop 205 to legalize weed.
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.
“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.
Of course they are.
Syndros, a synthetic formulation of THC, was approved by the Food and Drug Administration last summer to treat nausea, vomiting and weight loss in cancer and AIDS patients.
But now, the DEA’s approval puts Syndros, and its generic formulations, into a Schedule II classification.
In other words, when weed is grown and used in its natural form, the DEA classifies it as a Schedule 1 drug (highly addictive drug with no accepted medical value) along with heroin and meth.
Unless, of course, it is being produced by a friendly, anti-legal-pot pharmaceutical company developing synthetic marijuana, then the DEA is not so picky.
The key difference between the two DEA classifications has to do with medical value and potential for abuse, which are factors determined by the FDA.
Why is the DEA shifting this responsibility to the FDA?
It seems odd in view of the fact that the FDA has, in the past, questioned the DEA’s scheduling procedures, according to records obtained by ATTN, in which the agency advised the DEA to reevaluate its scheduling system.
Another Rotten-To-The-Core Pharma Company
In addition to being really nasty to the legalization movement in Arizona for reasons of blatant greed, Insys is also the subject of numerous state and federal criminal investigations, according to the Washington Post.
The Illinois attorney general is suing Insys Therapeutics for “deceptively marketing and selling an addictive fentanyl-based medication, intended to treat cancer pain, to doctors for off-label uses.”
In December, the FBI arrested the company’s former chief executive and five other executives on charges that they “paid kickbacks and committed fraud to sell a highly potent and addictive opioid that can lead to abuse and life threatening respiratory depression.”
Yep, rotten to the core.
If Leaves Could Talk: Understanding and Avoiding Nutrient Deficiencies
Federal Judge Sides With Cannabis Grower in Free Speech Case
Class Action Lawsuit Against Canadian Cannabis Producer Will Go To Trial
Professional Skateboarder Suspended After Testing Positive for Weed
Activism5 days ago
Canadian Cannabis Activist Marc Emery Accused of Chronic Sexual Misconduct
News6 days ago
Marijuana Legalization Bill Killed by Virginia Lawmakers
News5 days ago
Iowa Mayor Charged For Growing 18 Marijuana Plants in Her Home
News7 days ago
Terminally Ill Patients in Australian Hospital to be Treated with Psilocybin
Medical Marijuana6 days ago
Governor of Florida Pushing to Lift Ban on Smokeable Marijuana
News6 days ago
Are Unlicensed Operators Accessing California’s Legal Cannabis Market?
Culture5 days ago
Why the Women of Broad City are the Stoner Heroines We’ve Been Waiting For
News7 days ago
Wisconsin Governor Announces He Will Make “First Step” Toward Legalizing Cannabis