A Manhattan-based investor has dropped $9 million to fund marijuana research at his alma maters—Harvard University and the Massachusetts Institute of Technology.
According to the Harvard Gazette, Charles R. Broderick has donated $4.5 million to each institution to study marijuana’s effects on health and behavior. The donation is reportedly the largest private gift to benefit independent research of cannabis. Broderick said it is important to fund these types of studies so that the medical community and public can make informed decisions when it comes to marijuana consumption.
“Our desire is to fill the research void that currently exists in the science of cannabis,” Broderick, the founder of Uji Capital LLC, told the Gazette. “[…] I want to destigmatize the conversation around cannabis—and, in part, that means providing facts to the medical community, as well as the general public. Then we’re all working from the same information. We need to replace rhetoric with research.”