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Old 11-30-2016, 08:17 AM   #1
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
Gonzo Pot is Coming

His widow is working on it.
Quote:
The sale that closed in June gives her full ownership and control of the property. The appraised value of her occupancy rights was $3.7 million, which exceeded the $2.55 million appraised value of Owl Farm. She struck a deal with the trustees to buy the property back from the trust for $500,000 (with funds she said she borrowed from friend and Indianapolis Colts owner Jim Irsay). At the same time, Thompson gave up her rights as a beneficiary of her husband’s book sales but gained full ownership rights to the “Gonzo” logo and to Thompson’s likeness.

“So I own the house, the property, the logo and Hunter’s likeness,” she said. “And now I can protect it, as I always have, but now I can do it with full ownership.”

Her first project with the author’s likeness, she said, will be a Gonzo brand of cannabis to be sold in recreational marijuana dispensaries.

“Since it became legal I get approached probably once a month by cannabis growers, dispensaries,” Thompson said. “I’ve had probably 10 meetings in the last three years and I always ended up saying ‘No’ because it’s the same story every time: somebody wants to slap Hunter’s name on their strain.”

Thompson said she has, however, saved six different strains of cannabis that the “Fear and Loathing in Las Vegas” author actually smoked. She is now working with a cannabis company to grow those strains — or hybrids of them — and sell them to the public. She said she was glad that she held off on partnering on a marijuana brand until it could be done right.

“If I put Hunter’s name on somebody else’s strain I can never go back and say, ‘No, this is the authentic one,’” she explained.

She also had been reluctant to go into the cannabis business because her focus, in the decade after Hunter Thompson’s death, was on preserving and promoting his literary legacy. She was fearful that his notorious hard-partying lifestyle might overshadow his contributions to literature.

“For 10 years we were always careful to steer the conversation back to Hunter’s work,” she said. “Because it was never guaranteed that Hunter’s work would be appreciated into this generation.”
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