Marijuana has compounds, cannabinoids and terpenes, that can be measured and quantified in every batch of marijuana or edible. These compounds have effects, but when it comes to treating specific conditions patients and healthcare providers don't have guidance about which compounds and concentration is effective.
Paul Riat is just this guy, trying to figure things out. A fan of Max Weber, he generally gets a kick out of the triangle between economy, society and liberty. His focus on technology startups and venture capital fits because early stage tech startups are the most dynamic and impactful elements of local economies -- improving liberty and society like a rising tide.