Study on Medical Benefits of CBD Gives Cannabis Industry, MMJ Companies More Credibility
In the battle for credibility between medical cannabis supporters and MMJ opponents, chalk one up for the marijuana industry.
A new study spearheaded by the California Pacific Medical Center found strong evidence that cannabidiol (or CBD) – a key compound in marijuana – is effective in fighting some types of cancer.
The findings will provide a particularly big boost to companies that make cannabidiol-based products, such as Dixie Elixirs & Edibles, which is seeing widespread interest for a new line of hemp-based CBD tinctures, topicals and capsules. Cannabidiol offers some of the pain-relieving benefits of THC – without the “high.” Some observers see CBD as the next big thing in the medical cannabis industry, saying the potential market is huge. Here’s the main reason why: Hemp-based CBD products are legal in the United States, so you don’t need to live in a state with medical cannabis laws or hold an MMJ card to buy and use them. Dixie Elixirs and other companies are now hoping to capitalize on that by expanding nationally and even into other countries.
The CBD report also will bolster the medical marijuana industry as a whole, strengthening the scientific research behind MMJ. For instance, Cannabis Science – a publicly traded firm that is developing marijuana-based drugs for skin cancer and HIV/AIDS – said the report will give it more credibility.
“Cannabis Science is excited for the increasing scientific support for our projects,” Dr. Robert J. Melamede, president and CEO of the company, said in a release. “Our professional expansion and development…was driven by the science of how cannabinoids can benefit both HIV/AIDS and cancer patients.”
A group of unlicensed dispensaries that have resisted attempts to shut them down are now [click to continue...]
Lawmakers in the United Kingdom must consider debating the merits of marijuana after more than [click to continue...]
The wait is nearly over. The New York Department of Health confirmed that it plans [click to continue...]
The third recreational cannabis state is now just months away from beginning sales. Oregon residents [click to continue...]
A dispensary in Nevada that has been hoping to open since February is considering filing [click to continue...]
Nineteen Washington State marijuana stores face suspensions and fines after they failed to properly check [click to continue...]
Concerned with what might happen if voters legalize recreational marijuana at the ballot next year, [click to continue...]
After evaluating a fatal accident that took place last year in Denver, the Center for [click to continue...]
Israel, one of the world’s leading countries on medical cannabis research, will soon be dispensing [click to continue...]
Minnesota’s third medical cannabis dispensary has opened despite the low number of patients registered to [click to continue...]
A business run by the president of the California Cannabis Industry Association was raided and [click to continue...]
As Illinois’ medical marijuana industry ramps up, regulatory officials are preparing to start following medical [click to continue...]
A week after Colorado shot down an attempt to add post-traumatic stress disorder as a [click to continue...]
Rhode Island’s three medical cannabis dispensaries must be pleased: In the past two and a [click to continue...]