Well, corporate research money may be drying up, so now the public is being asked to fund it (at least in California). There's a $5.5 billion bond initiative (Proposition 14) on the ballot for 2020. This is similar to proposition 71 which was passed in 2004 for $3 billion, "The California Stem Cell Research and Cures Act”.
California Proposition 14, the Stem Cell Research Institute Bond Initiative,
https://ballotpedia.org/California_Proposition_14,_Stem_Cell_Research_Institute_Bond_Initiative_(2020)
