Advanced Nutrients Founder and CEO Discusses First FDA-Approved Cannabis-Based Drug
BigMike Straumietis discusses Big Pharma's strategy to lobby against cannabis reform until it can find a way to profit from medical cannabis.
LOS ANGELES, Nov. 14, 2018 /PRNewswire-PRWeb/ -- Epidiolex, the first cannabis-based medication approved by the Food and Drug Administration, will now be sold in all 50 states. It has been approved to treat Dravet and Lennox-Gastaut syndromes, two conditions that cause patients over the age of two to suffer seizures. Epidiolex will be listed at about $32,500 per year, and will be covered by most insurance plans once it hits the market.
BigMike Straumietis, founder and CEO of Advanced Nutrients, isn't surprised at all by this news: "This is what I've been saying for years — that Big Pharma will only continue to lobby against cannabis reform until they figure out a way to get their hands in it. This is only the first step in that direction, and you can expect to see major changes coming very soon."
Epidiolex was first recommended for approval in April 2018, then approved by the FDA two months later. In September of this year, it was classified as a Schedule V controlled substance as per the Controlled Substances Act. This classification made it possible for doctors in the United States to prescribe the drug.
BigMike, who recently won the Best of Los Angeles Award for Best Cannabis Fertilizer, believes that new public awareness of the medical benefits of cannabis will bring favorable attention to companies like Advanced Nutrients. "Being close to our clients matters, and providing the best quality nutrients is, above all, the most important thing we do," says BigMike in recognition of his recent award.
Not only does BigMike devote a significant amount of his time and resources to promoting the medical benefits of cannabis and supporting the cannabis community in positive ways, he also mentors aspiring cannabis entrepreneurs through his new reality competition show The Next Marijuana Millionaire™. "I'm driven by my mission to make cannabis an acceptable and everyday part of healing humanity," BigMike says.
About Advanced Nutrients:
Advanced Nutrients is the No. 1 cannabis brand in the world, with products available in more than 100 countries. BigMike and Advanced Nutrients rose to the top of the cannabis industry by creating the world's first and only complete cannabis growing system. Today, Advanced Nutrients' annual revenue is over $100 million.
About BigMike:
BigMike Straumietis has been involved in the cannabis industry since 1983. When he found that the hydroponic fertilizers and supplements available were inadequate for the specific needs of his crops, he decided to create his own cannabis-specific grow products. In doing so, he revolutionized the world of cannabis growing and has since brought 53 innovations to this field. In 1999, he launched Advanced Nutrients. Today, he continues to spearhead cannabis research via Lacturnus Labs, his $20 million, state-of-the-art cannabis research facility in Los Angeles.
SOURCE Advanced Nutrients
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