Cannabis research gets almost $20 million in funding

Proponents of scientific research in the cannabis industry got encouraging news with recent announcements that two major universities received nearly $20 million in donations for marijuana-related studies.

Precision Extraction SolutionsThe University of Miami’s Project to Cure Paralysis and Miller School of Medicine received a $16 million grant from Scythian Bioscience in October to research whether a CBD-based pill can help reduce brain cell inflammation that occurs after injuries such as concussions, the Miami Herald reported.

Scythian BioSciences is a private research and development company based in Canada that focuses on the prevention and treatment of concussions and traumatic brain injury.

The Miami researchers are required to get a special federal license to perform the CBD research. They also must follow strict Drug Enforcement Administration regulations about who can access the cannabis, which will need to be double-locked in a container inside a locked room, the Miami Herald reported.

Meanwhile, Australian philanthropist Barry Lambert donated $3 million this week to a recently launched medical marijuana research institute at Thomas Jefferson University in Philadelphia. The newly named Lambert Center for the Study of Medicinal Cannabis and Hemp will research the therapeutic effects of cannabinoids, according to Philly.com.

 

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 2 Comments

  1. Le Herbe December 9, 2016
  2. Ma Dang December 9, 2016

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