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Why millionaire Barry Lambert invested $34 million in medicinal cannabis

April 29th, 2016

Until last year Barry Lambert was known in Australian business circles chiefly for his success in building Count Financial, a chain of accounting and financial planning shopfronts that he started 35 years ago and eventually sold to the Commonwealth Bank for more than $373 million. That 2011 sale landed him a spot on the BRW Rich 200, where he was ranked the 156th wealthiest Australian last year.

So it was a surprise when Lambert publicly associated himself with the cause of medicinal cannabis. With little warning, he gave a press conference in August at which he announced that he and his family would donate $34 million to the University of Sydney for what is called the Lambert Initiative for Cannabinoid Therapeutics.

Read more | Financial Review

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In conversation with Daniel Lee of the Levi Strauss Foundation

In conversation with Nicole Richards at the Philanthropy Meets Parliament Summit, Daniel Lee shared his insights on topics including the role of philanthropy as a driver of systems change which addresses root causes of social challenges, the relationship between philanthropy and government and what the new political environment in the United States means for philanthropy.

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