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Home 🌿 Marijuana Business News 🌿 Cannabis research study gets nearly $20 million in funding 🌿

Cannabis research study gets nearly $20 million in funding

Submitted by Marijuana News on Fri, 12/09/2016 - 08:58

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.

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