The company says it will be able to price its gum cheaper than a major competitor after securing a “significant” discount on cannabis made available by the Dutch government, which has a policy of promoting the drug for medicinal use.
To be sure, AXIM has a long way to go before its Medchew Rx gum – still in the pre-clinical stage of development – will be a viable alternative to an under-the-tongue spray developed by GW Pharmaceuticals Plc.
That spray, called Sativex, is already approved in 27 countries – though not the United States, where cannabis remains prohibited under federal law. [Read More Reuters]
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
Dutchie is rolling in the green. The Bend, Ore.-based creators of technology to help facilitate legal cannabis orders has raised $350 million in a Series D funding round, announced Thursday. The influx of new cash comes just seven months after the startup raised $200 million. Dutchie’s valuation has doubled to $3.75 billion. “Cannabis presents opportunities…
Medical and retail marijuana sales fell in August for the second consecutive year, while the state’s tax and fee revenue also declined, according to the Colorado Department of Revenue’s September report. Prior to last year, marijuana sales throughout the month of August had continuously increased from the previous month since 2014, according to the report. Throughout…
A federal judge has struck down Missouri’s residency requirement for ownership in the state’s medical marijuana companies, which could open the door to out-of-state operators capturing a larger share of the fledgling industry. The requirement had already been blocked from enforcement in June by U.S. District Judge Nanette Laughrey of the Western District of Missouri.…
As Florida’s legal pot industry is poised to mushroom, health regulators are asking lawmakers for nearly $13 million to more than double the number of workers in the office that oversees medical marijuana issues. Health officials also want $4 million for a state education and prevention campaign to publicize “accurate information” about medical marijuana, money…