The medical cannabis industry was valued at $1.3-billion in 2011, and recent projections have ballooned to almost $9-billion by 2016, with more and more states taking a long look at legalizing marijuana for medicinal purposes or decriminalizing the use altogether. Dan Rush, head of the United Food and Commercial Workers Union, recently told Reuters that he believes the medical cannabis business could rival the size of the U.S crop or alcohol industries.
So, with the latest political climate easing on the legalization of marijuana, what better time to look past the dispensaries and road-side stands to find a company in the industry that can offer real longevity.
Everyone is familiar with Cannabis Science, Inc., a developmental stage company, engaged in the development, production, and commercialization of phytocannabinoid-based pharmaceutical products. CBIS primarily focuses on developing medications to treat autism, blood pressure, cancer and cancer side effects, HIV and other illnesses.
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