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.

The 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.

2 comments on “Cannabis research gets almost $20 million in funding
  1. Le Herbe on

    Private companies need to start investing into R&D to bypass the redtape of cannabis research in USA. Donation options should be private first, private/public second, and public as the third option at this time.

    Reply
  2. Ma Dang on

    What ? Enter big Pharma ! What would the reason be for foreign Pharma and businesses to invest in American research ? To advance potential markets and influence government policy.
    Private Companies motivation is profits not public health concerns. They will still have to negotiate ‘red tape’ and receive public money to ‘invent’ drugs, patent the results and creating winners and losers in the industry. Colleges and Universities are the chief centers of research and scientific study that Shares their results for the benefit of all, not profits and patents.

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