Tag: nascent
-
California cities see chance to cash in on marijuana
By Robin Respaut SAN FRANCISCO (Reuters) – Californians are expected to pass a ballot measure on Election Day legalizing recreational marijuana, and the prospect has cities and counties seeing dollar signs. Proposition 64 would impose state taxes on the cultivation and sale of marijuana. Economists warn that burdensome taxes and fees on the nascent industry…
-
U.S. FDA panel narrowly backs Cempra’s antibiotic solithromycin
The effectiveness of Cempra Inc’s antibiotic to treat community-acquired pneumonia outweighs the risk of liver injury, an advisory panel to the U.S. Food and Drug Administration narrowly concluded on Friday. The panel voted 7-6 that the drug, solithromycin, should be approved to treat the kind of pneumonia that recently affected U.S. presidential candidate Hillary Clinton.…