Can it be really called a university if there’s no weed on campus.. !!!
Pornhub gets more traffic than both Netflix and Amazon, but it has, for the most part, escaped the same government scrutiny as other major websites like YouTube and Facebook. The inner workings of its parent company, MindGeek, have remained largely opaque. A report published Wednesday in the Financial Times revealed that a mysterious businessman named Bernard Bergemar is the largest owner of MindGeek, and that in 2011, the company received a $362 million loan, with a 20.4 percent interest rate, from 125 “secret” investors, which included JPMorgan Chase, private-equity giant Fortress Investment Group, and — naturally — an Ivy League college. Though the details aren’t clear, FT reports Cornell University — a tax-exempt entity, it is worth noting — is among the investors. When asked to comment, Cornell said that its investments are confidential.
Executive Vice President and Chief Financial Officer
Joanne DeStefano issued the following statement
As many of you may know, this week New York state legalized the recreational use of cannabis for adults over the age of 21. However, Cornell University is subject to federal laws that expressly prohibit the possession, use or distribution of cannabis on university property or as part of university-sponsored events.
The Drug-Free Schools and Communities Act and the Drug Free Workplace Act both condition Cornell’s receipt of all federal funding — including support for research and student financial aid — on the university’s implementation of programs and policies to prohibit the use of any illegal drug. Cannabis remains an illegal drug under federal law, and therefore cannot be permitted on campus for recreational or medical purposes. The only exception is for research use authorized under applicable Drug Enforcement Agency licenses.
Accordingly, university policies (e.g., Policy 4.8: Alcohol and Other Drugs; Code of Conduct) that prohibit the possession, use or distribution of cannabis on university-owned property or as part of any university sponsored event or activity, remain in full force and effect.