With the current state of cannabis working towards legalization across the globe, new channels of research are opening up across the board as an effort to rapidly catch up with a market ready to consume a product it doesn’t know everything about.

Due to the illegal nature of the drug and its negative reputation, cannabis has not been as well researched as substances with less derogatory connotations, nor has its impact on the markets it enters.

Dave Berg, president and chief technology officer for Strainprint, a data company working on researching medical cannabis strains, told the Investing News Network (INN) the lack of in-depth data for the industry has prevented more sophisticated cannabis treatments to appear in the market.

This missing element in the cannabis sector, Berg said, relates to the difficulty in evaluating the drug as a whole, given that its compounds change from batch to batch.

“For that reason, it’s been very difficult for people to study cannabis in a clinical way, but there’s been a ton of observational data clearly that people have said ‘you know this is great for my arthritis, this is great for my tendonitis, this helped me through my cancer treatments or others,’” Berg said.

Berg added that there currently isn’t strong observational data available that “allows us to make proper decisions.”

Intensive medical cannabis research is on the way

So far in 2018, there appears to have been an increase in announcements for in-depth medical cannabis research being launched to investigate its effects on patients. The Canadian government announced it would spend C$20 million over the next five years for medical cannabis research as part of its 2018 budget.

Part of the money will go to the Mental Health Commision in order to “assess the impact of cannabis use on the mental health of Canadians.” The rest of the money will be given to the Canadian Centre on Substance Use and Addiction for general research purposes.

In terms of companies spending time and effort into the expansion of medical cannabis research, a few public players have started to lead the charge in this category.

Most recently Namaste Technologies (CSE:N; OTCMKTS:NXTTF) announced the launch of a national patient study in Canada, evaluating the treatment of anxiety with medical cannabis.

In addition to this new study, Sean Dollinger, president, and CEO of Namaste said the company plans to conduct more studies to “bring awareness and a better understanding of how medical cannabis can benefit Canadians.”

Another company deep in medical cannabis research efforts for its product development is Tetra Bio-Pharma (TSXV:TBP; OTCQB:TBPMF). The company has been embedded in the development of key trials for its cannabis compound product pipeline.

In March, the company announced the U.S. Food and Drug Administration (FDA) had given an orphan drug designation to “the active ingredients” of the company’s PPP001 drug, a combination of delta-9-tetrahydrocannabinol (THC) and cannabidiol (CBD).

This drug is designed to treat complex regional pain syndrome (CRPS). “[W]e look forward to discussing the clinical program with the U.S. FDA that will be used to demonstrate the safety and efficacy in patients suffering from CRPS,” Guy Chamberland, the chief scientific officer of the company, said.

Early returns of effective cannabis research and its impact

Since research efforts have started to take a hold more firmly in the cannabis industry, we have started to see results for studies expanding the knowledge available and projecting direct impacts into the market and its consumers.

Here are a few examples of notable research results:

  • A study published in the Journal of Economic Behavior and Organization suggest the process of legalizing cannabis is linked to a decrease in violent crimes. Researchers evaluated the thesis in the state of Washington compared to the neighboring state of Oregon, which legalized cannabis two years after.
  • Three researchers evaluated the progress of alcohol consumption in U.S. counties that had legalized marijuana between 2006 and 2015. The study’s abstract indicates alcohol sales went down 13 percent in counties with medical cannabis laws.
  • A JAMA Internal Medicine study found states with medical cannabis laws had 2.21 million fewer daily doses of opioids prescribed as part of Medicare Part D. Reinforcing the concept that cannabis leads to the reduction in the opioid epidemic.

“This study adds one more brick in the wall in the argument that cannabis clearly has medical applications,” David Bradford, one of the lead authors of the JAMA study told CNN.

Investor takeaway

Despite existing in near obscurity in terms of advanced medical research for some time now, cannabis and its compounds are finally being investigated with new ways that will allow all members of the industry to be smarter about the drug.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the “Company” or “World-Class”), reports that it has sold its 50% interest in Cobra Ventures Inc. (“Cobra”), which sale included all funds previously advanced by World Class to Cobra, to the remaining shareholder of Cobra, for $2,500,000 in cash

An investment group led by Richard Goldstein retains 100% control of Cobra, and its senior secured debenture of Hydrx Farms Ltd. (“Hydrx”), acquired by Cobra in October 2020.

Keep reading... Show less

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”), an innovative global cannabinoid company, today announced that Kurt Schmidt, President and Chief Executive Officer, will speak at the 24th Annual CIBC Western Institutional Investor Conference on Friday, January 22, 2021 at 4:10 p.m. EST.

A recording will be available on the Investors section of the Company’s website at https://ir.thecronosgroup.com/events-presentations .

Keep reading... Show less
  • Disease control of root-rot Aphanomyces zoospores in laboratory tests.
  • Outstanding Efficacy: 100% control at economic application rates within 24 hours.
  • Aphanomyces is a soil-borne root-rot disease that destroys peas, lentils, and legume crops.

MustGrow Biologics Corp. (CSE: MGRO) (OTC: MGROF) (FSE: 0C0) (the “Company”, “MustGrow”) is pleased to announce successful laboratory test results of its patented mustard-derived biopesticide on Aphanomyces euteiches zoospores (“Aphanomyces”) via an independent third party facility: 100% control at economic application rates within 24 hours. MustGrow will now advance to larger scale greenhouse and field tests. Study results and applicability are patent-protected under MustGrow’s existing suite of issued patents.

MustGrow’s remarkably safe and effective organic biopesticide is plant-based – harnessing the mustard seed’s natural defense mechanism to control diseases, pests, and weeds with an organic food-grade biopesticide.

Keep reading... Show less

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced the hiring of CPG industry veteran Ty Gent as the Company’s new Chief Operating Officer (“COO”). As COO, Gent will be responsible for operational consistency and efficiency across markets and implementation of structural enhancements to facilitate scaling.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210119005322/en/

Keep reading... Show less

HempFusion Wellness Inc. (TSX:CBD.U) (“ HempFusion ” or the “ Company ”), a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition, is pleased to announce that its wholly owned subsidiary, Probulin Probiotics, LLC (“ Probulin ”), has increased its product selection in certain brick and mortar locations and expanded its distribution on Amazon through a unique eCommerce store within the Amazon platform. The broader product selection is available in major brick and mortar stores including Sprouts and Fresh Thyme and includes the Company’s new Probulin Total Care Immune product.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210119005411/en/

Keep reading... Show less