Ebola.com Sold To Medical Pot Company For $200,000

ebola_virus

While sci­en­tists are try­ing to con­tain the out­break of Ebo­la, some entre­pre­neurs are cash­ing in on the hys­te­ria. One Inter­net domain name trad­er has sold Ebola.com to a med­ical mar­i­jua­na com­pa­ny in a deal worth $200,000.

The domain owned by the Neva­da-based Blue String Ven­tures was sold to the Weed Growth Fund, Inc. and its sub­sidiary Cannabis Sati­va, Inc. which pro­mote the med­ical use of mar­i­jua­na.

Chris Hood and Jon Schultz, who own a total of 5,000 domain names in their port­fo­lio were offered, accord­ing to a fil­ing with the Secu­ri­ties and Exchange Com­mis­sion, some $50,000 in cash and 19,192 shares of Cannabis Sati­va worth close to $170,000.

That is over $200,000 in prof­it after the orig­i­nal pur­chase of the domain in 2008 for $13,500 by Neva­da-based Blue String Ven­tures.

We’ve had oth­ers like LasVegasRealEstate.com and PaydayLoans.com that sold for more,” Hood told the Huff­in­g­ton Post. “Peo­ple don’t under­stand what we do. We don’t buy domain names hop­ing there’s a dis­as­ter.”

In response to this crit­i­cism of prof­i­teer­ing from the out­break, Hood says they are “not harm­ing any­one.”

We’re not caus­ing any­one to get the dis­ease; we’re not pre­vent­ing any­one from get­ting treat­ment; we’re not out there fear-mon­ger­ing… we’re just kind of sit­ting back and watch­ing our invest­ment in that par­tic­u­lar URL,” he said.

In anoth­er bizarre twist to the sto­ry, Cannabis Sati­va, Inc. is run by a for­mer New Mex­i­co gov­er­nor and now the CEO Gary John­son. John­son, a pro-mar­i­jua­na legal­iza­tion activist. He has open­ly told the Albu­querque Jour­nal that more research should be con­duct­ed on whether weed can help fight Ebo­la.

The Ebola.com web­site con­tains arti­cles offer­ing facts and fre­quent­ly asked ques­tions about the dis­ease, which has so far infect­ed almost 10,000 peo­ple world­wide, killing almost 5,000 of them.

It’s going to be like a Drudge Report for Ebo­la,” Eric Miller, CEO of Weed Growth Fund told Inter­na­tion­al Busi­ness Times “It will bring all the infor­ma­tion about Ebo­la togeth­er in one place.”

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