What California granting $20 million to cannabis research could mean for the industry
California has awarded nearly $20 million to 16 state universities to research many cannabis issues and compounds. These research matters include cannabis and mental health, delta-8, delta-10, and the first cannabis study on legacy genetics.
Schools that were granted money include:
UCLA – $9.5 million to study medical marijuana use, the effects of smoking concentrates and flower, interactions between cannabis and CBD, and intoxication levels of synthetic and semi-synthetic cannabinoids.
Cal Poly Humboldt – $2.7 million for a project to identify, document, and preserve the history, value, and diversity of California’s rural legacy cannabis genetics and their communities.
UC Irvine – $2 million to study the acute effects of high THC levels on mood, cognition, and abuse potential.
University of California San Diego – $917,000 for a 4-year project studying cannabinoid effects on cognitive, psychiatric, and neural outcomes in young adults and another study on cannabis use and mental health in adolescents.
What does this research funding mean for the cannabis industry?
The funds were awarded to proposals best positioned to advance public knowledge of cannabis and its potential to influence policy.
The chief deputy director of California’s Department of Cannabis Control, Rasha Salama, said, “It is the department’s aspiration that these studies will advance the body of scientific research, further our understanding of cannabis, and aid the continued development and refinement of the legal framework. These studies will provide valuable insights on topics of interest to California’s consumers, businesses, and policymakers.”
Why this research is another green flag to invest in cannabis
Cannabis research has been throttled for nearly a century thanks to prohibition. Thanks to California’s recent investment in this research, it will only strengthen efforts to legalize federally. We anticipate the revival of federal cannabis legalization to be a vital issue in the 2024 presidential elections, and the cannabis industry will continue to grow throughout legal states.
That means that right now is the most opportune time to invest in well-vetted cannabis companies positioned for success.
Cocannco uses sound financial due diligence to identify and partner with these companies and crowdfunding to provide the cash infusion they need to grow.
Ready to learn more about these investment opportunities with Cocannco?