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| January 24, 2018

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Jordan shuts down illegal drug factory

January 16, 2018 |

Police in Jordan say they’ve shut down a large factory making an illegal amphetamine-based drug said to be popular in the Middle East, including among Syrian militants.
FOX News

Pineapple Will Match up to $4M in Bitcoin to Test Curing PTSD With Psychedelic Drug

January 14, 2018 |

Pineapple Will Match up to $  4M in Bitcoin to Test Curing PTSD With Psychedelic Drug

The bitcoin charity Pineapple Fund has already donated $ 1 million to aid in the testing of MDMA as a treatment for PTSD. It is now challenging the cryptocurrency community to donate more, and pledged to match donations up to $ 4 million.

Also Read: Pineapple Fund Donates $ 5 Million in Bitcoin as Seed Capital for the Poor

Curing PTSD with MDMA

Pineapple Will Match up to $  4M in Bitcoin to Test Curing PTSD With Psychedelic DrugPineapple Fund, the $ 86 million bitcoin charity, has announced it will double the value of every donation to the Multidisciplinary Association for Psychedelic Studies (MAPS) until March 10th, up to $ 4 million. This is meant to help the non-profit research organization reach its funding goal needed to begin Phase 3 clinical trials of MDMA-assisted psychotherapy in patients with severe post-traumatic stress disorder (PTSD). The pledge comes after the fund has already donated $ 1 million to this endeavor.

Pine, the anonymous bitcoin whale behind the fund, commented: “I believe we, the cryptocurrency community, can fully fund Phase 3 trials. Prescription MDMA could be a gift to this world from the bitcoin community. Let’s make MDMA medicine a reality, and give the gift of an enjoyable life to those suffering from PTSD. If you believe that psychedelic drugs can have incredible therapeutic potential, then I believe this is one of the highest impact projects today.”

New Money, New Ideas

Pineapple Will Match up to $  4M in Bitcoin to Test Curing PTSD With Psychedelic DrugThis donation shows another example of how, the redistribution of wealth from old money to early adopters of technology via the rise of bitcoin is creating a positive change in the world.

Mainly known as an illicit party drug under the names Ecstasy, Molly and others, MDMA still doesn’t have any accepted medical applications and is deemed illegal for personal use in most countries. While some established charities would have difficulties associating themselves or their donors with such an experiment, a fund created by an anonymous person will have no such qualms.

Other recent Pineapple Fund donation recipients include: Quill, which got $ 1 million to help them develop a new open source educational model that teaches kids critical thinking and science comprehension; Possible, an organization delivering integrated and scalable healthcare in Nepal which also got $ 1 million; Software Freedom Conservancy, home to projects like Git, Homebrew, QEMU, and Selenium; and Wings for Conservation, which is providing aerial support against elephant poachers in Chad. Last month the fund also donated $ 5 million to test universal basic income in Africa.

What other good causes should the bitcoin community should get behind? Share your thoughts in the comments section below!


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The post Pineapple Will Match up to $ 4M in Bitcoin to Test Curing PTSD With Psychedelic Drug appeared first on Bitcoin News.

Bitcoin News

Despite helping hand from L.A., drug offenders would face obstacles in cannabis industry

January 4, 2018 |

As California’s legal cannabis industry heats up, officials in Los Angeles and other cities say they want to make sure early players in the pot business who were selling it when it was still illegal aren’t pushed out of the market.

In Los Angeles and Oakland, city cannabis rules provide for so-called…


L.A. Times – Business

Cancer Drug Price Rises 1,400% in Just 4 Years

December 27, 2017 |

The Wall Street Journal illustrates the continuing problem of soaring drug prices by zeroing in on a cancer drug called lomustine. Used to treat brain tumors and Hodgkin lymphoma, the drug sold for about $ 50 a pill under the brand name CeeNU as recently as 2013. Then owner Bristol-Myers Squibb…
Newser

CNN

Mexico Drug War Fast Facts

December 21, 2017 |

Read CNN’s Fast Facts about the Mexican Drug War and learn more about how the Mexican government has been fighting against drug traffickers since December 2006.
CNN.com – RSS Channel – Regions – Americas

This old drug was free. Now it’s $109,500 a year

December 18, 2017 |

For four decades, Don Anderson of Seattle has been taking the same drug to help control the temporary bouts of immobility and muscle weakness caused by a rare genetic illness called periodic paralysis.

“It’s like putting a 50-pound pack on your back and standing up at the dinner table,” Anderson,…


L.A. Times – Business

Drug industry lawsuit shows it wants to keep patients in dark on pricing

December 15, 2017 |

The drug industry really, really doesn’t want you to know that it’s ripping you off with frequent and questionable price increases for prescription meds.

The Pharmaceutical Research and Manufacturers of America, the industry’s main lobbying group, filed a lawsuit the other day seeking to derail…


L.A. Times – Business

Trump is mum on report showing how we can reduce sky-high drug prices

December 10, 2017 |

In October, President Trump once again promised to reduce drug prices for American consumers — a pledge he’s repeatedly made since campaigning for office.

He said drug companies are “frankly getting away with murder” and that his administration is “going to get prescription drug prices way down.”


L.A. Times – Business

TMZ

Chris Bosh’s House Was a Drug Trafficking Fortress, Cops Say

December 9, 2017 |

The Texas home owned by NBA star Chris Bosh had all of the hallmarks of a traditional drug trafficking den … from iron gates to security cameras — this according to the cops who raided the joint.  TMZ Sports broke the story … Bosh’s…

TMZ.com

Internet hoaxster Paul Horner died of drug overdose: report

December 7, 2017 |

An Internet hoaxster’s death in September was caused by a potent mix of drugs, according to a medical examiner’s report released Tuesday.
FOX News