BETHESDA, Maryland, Aug. 13, 2015 /PRNewswire/ -- Cannabics Pharmaceuticals Inc. (OTCQB: CNBX) announced today that first reports from Colorado show that WanaCapsXR cannabis capsules are sold in every region of Colorado.

WanaCaps XR is the result of a partnership between Wana Brands and Cannabics Pharmaceuticals. "The reports from Colorado on increasing sales and returning satisfied customers is an indication to expand into key medical marijuana markets, including New York, Illinois, Washington, Oregon, California and Nevada, through licensing agreements with Wana Brands," said  Itamar Borochov, CEO of Cannabics Pharmaceuticals Inc.

Many states who have legalized medical marijuana are limiting smoking and edibles as inappropriate for medical patients. Delivery options such as the recently launched WanaCapsXR offer a palatable alternative for states that have legalized cannabis for medical purposes, but will only allow it in non-smokeable forms such as capsules or oils. WanaCapsXR extended release cannabis capsules offer a proprietary formulation that provides medical marijuana benefits to patients for up to 12 hours.

Medical marijuana is legal in 23 states, but 15 of those states...