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Future growth in the medical marijuana sector

Submitted by Marijuana News on Thu, 01/07/2016 - 09:15

The company Cannabis Science, Inc. is one example of a company seeking increased growth in the medical marijuana sector during 2016, tapping into the burgeoning North American medical marijuana market.

In the last few years the medical marijuana market has grown considerably, fueled by many U.S. states permitting the use of the psychoactive drug or its extracts (at different levels of use.) Medical marijuana products are consequently being developed by start-ups and established pharmaceutical companies. The value of the industry is expected to hit $1.2 trillion globally by 2018.

Cannabis Science, Inc. is one such company and is aiming to accelerate its pharmaceutical drug development programs. The company manufacturers Pure Decarboxylated CO2 Oil (PDCO); CBD; Sativa; and Indica Capsule products (the latter two being drawn from two different types of Cannabis plant.) The capsules were put on show at The Emerald Cup, a cannabis-themed event that was held in...
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