Download now: Gold and Silver Mining Stocks

Google (NASDAQ: GOOG) Supports Marijuana

Google's Quiet Medical Marijuana Contribution

Written by Swagato Chakravorty
Posted July 2, 2013

Medical marijuana is undeniably a growing industry—indeed, it could well be among the biggest emergent industries alongside the graphene sector. And it looks like one of the Internet's biggest entities is keenly aware of that. Google (NASDAQ: GOOG) appears to be getting in on the medical marijuana action.

google buildingJust last week, Michigan Compassion, a company that connects growers with patients to set up a medical marijuana connection, received $120,000 in Google advertising services. Accordingly, the company will , starting next month, be able to promote its offerings via Google’s famed AdWords platform, meaning its results will be served up alongside regular offerings when relevant keywords are searched on Google.

In particular, Michigan Compassion is hoping to draw the attention of those searching for information related to chemotherapy. Nausea due to that process is common, and medical marijuana can alleviate that.

The Huffington Post quotes vice president of Michigan Compassion Amish Parikh:

“The goal is to link the negative effects of chemotherapy and the positive effects of cannabis.”

Now, this is certainly small change for Google, whose company’s charity wing is responsible for the push. AdWords reputedly brings the company some $40 billion or more in annual revenues, so providing $120,000 this way isn’t a big deal.

What is a big deal is Google implicitly throwing its considerable weight behind the emergent medical marijuana movement. Slowly, and in fits and starts, we’re seeing the connection of the different nodes of the network that a modern business sector needs to succeed.

We’ve already seen companies like Privateer Holdings develop ways to sidestep the difficulty of finding investment capital in the marijuana sector due to the federal administration’s behind-the-times attitude toward marijuana. And even Google had long been opposed to supporting advertising involving marijuana.

It’s possible to argue that Michigan Compassion gets a pass because it isn’t directly related to growing the drug, but that’s a flimsy argument. It’s much more likely Google’s changed stance reflects Silicon Valley’s growing support for the medical marijuana sector.

Even more interestingly, Google noted that the marijuana-friendly search results would only show up in states that already support medical marijuana. That would include 19 states and D.C., but it’s very likely more states will join the list in short order.

The Huffington Post report suggests that even LinkedIn, the professional networking company, has offered its services to Michigan Compassion, which will undoubtedly help make its services more visible.

The funding for Michigan Compassion came via the Google Grants program, a non-profit version of AdWords. It allows participating non-profit organizations to spend up to $10,000 a month on AdWords promotions, reports Search Engine Watch.

The Best Free Investment You'll Ever Make

Join Wealth Daily today for FREE. We'll keep you on top of all the hottest investment ideas before they hit Wall Street. Become a member today, and get our latest free report: "Gold Outlook for 2015"

It contains full details on something incredibly important that's unfolding and affecting how gold is classified as an investment..

Enter your email:
We never spam! View our Privacy Policy
 

A Sweeping National Change

This is a pretty interesting moment in the history of marijuana—and its social acceptability—in the U.S. Really, it’s undergone these major upheavals within just the past forty or fifty years. Even as short a time ago as the Clinton era (yes, it wasn’t all that long ago) was marked by antagonism toward marijuana.

Today, we’ve got state after state revising legislative frameworks to permit medical—and in some cases, even recreational—use of marijuana. We’ve got a rapidly growing sector and keen interest from major companies. True, we’ve still got to deal with a federal administration that just hasn’t kept up with the times, but it is pretty difficult to imagine a scenario under which a plurality of the states finally tilt toward marijuana (probably medical first, but possible recreational as well) and yet the federal government remains opposed.

Right now, the big questions revolve around appropriately regulating the production, distribution, sales, and consumption of marijuana. Colorado and Washington are at work pushing forward with revised rules and laws that will help make the in-state marijuana picture a bit clearer. Presumably, other states will take notes, and so we’ll see a steady development of a regulatory framework that will perhaps put the federal government more at ease.

Google’s big move is likely to go far in sending the right signals with regards to the social acceptability of marijuana. But we’re going to have to wait and see how the present financial and legal problems for those involved directly with growing the plant turn out.

In the meantime, from an investor’s perspective, it’s best to focus on companies that provide peripheral support services.

 

If you liked this article, you may also enjoy:


The Best Free Investment You'll Ever Make

Sign up for the free Wealth Daily e-letter below.

In each issue, you'll get our best investment research, designed to help you build a lifetime of wealth, minus the risk.


By signing up, you'll instantly receive our new report: Surviving the Coming Economic Collapse.... Finding The Most Profitable Investing Opportunities For Your Portfolio.
We Protect Your Privacy

Related Articles

Recreational Marijuana Investing
Colorado's Governor recently approved legislation setting limits for recreational marijuana in a move that could allow the industry to move forward...
Marijuana Industry Fund Launched
Venture capital firm Ghost Group has announced its new fund, which will provide support to companies involved in the soon-to-be burgeoning marijuana industry.
Stuart Varney Marijuana Use Questions
According to the CATO Institute, $20 billion could be generated from legalized marijuana.


What is the benefit of the email subscription?
While the Wealth Daily website offers access to the articles and reports, as a newsletter subscriber you will be among the first to receive access to the valuable advice, delivered directly to your inbox daily, and you will have access to deals on our exclusive services.
Greece's Keynesian Experiment
Big Government Doesn't Work
China's World Domination
And Why it's Not Going to Happen
Should Greece Pay Its Debt?
The Case for a Greek Default
Gold's Early Warning
Deflation May Be Coming
How to Retire Like a King
5 Tips for a $1 Million Retirement
Guaranteed Returns in Cotton Futures!
Uncle Sam's $5 Billion Cotton Scam
Investing in Rhenium
More Valuable Than Oil and Gold Combined!
How to Retire Like a King
5 Tips for a $1 Million Retirement
Greece is Screwed!
10 Ways to Protect Yourself from the Global Economic Crisis
Investing in the Next Silver Bull Market
Silver Short Selling: Manipulation or Opportunity?