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by David Drake
Legal sales of marijuana have already reached $2.6 billion so far this year. Most estimates predict
sales from medical marijuana will likely reach $3 billion by the end of 2014, up from $1.5 billion in
2013. A recent Huffington Post articlecited studies that predict that legal marijuana sales could
bring in between $7.4 and $8.2 billion in revenue by the year 2018.
Marijuana can be grown legally in 23 states and the District of Columbia; and another 11 states
have limited legal access, often for research purposes, according to the National Conference of
State Legislatures.
With skyrocketing demand for a reliable supply year over year, GB Sciences, Inc., has positioned
itself to fill in the gap. From its base in Lake Mead, Nevada, near Las Vegas, this biotech firm is
preparing to create its own line of patented cannabis pharmaceuticals. GB Sciences has Dr. Andrea
Small-Howard as its chief science officer. She brings to the company her years of medical-cannabis
research at prestigious institutions.
Dr. Small-Howard is helping commercialize and productize medical marijuana using a proprietary
methodology that uses genetic cultures to produce a scientifically consistent result. GB Sciences
has several trademarked technologies, including the InCUBEator Cannabis Propagation Chamber,
GrowBLOX
Cannabis
Grow
Chambers,
CureBLOX
Cannabis
Drying
System,
and
GB Sciences is currently working to further their research in various therapy areas and is equally
excited to explore the possibility of using other molecules from plant extracts to further enhance
the medical properties of cannabinoids.
This biotechnology firms efforts, combined with other companies studies and research, can only
lead to better education and optimization of Cannabis sativa, or marijuana.
Note: This article originally appeared on Huffingtonpost with this
link http://thesoholoft.com/biotechnologys-response-to-the-burgeoning-medical-marijuanaindustry-by-david-drake/ on September 25, 2014.
David Drake is an early-stage equity expert and the founder and chairman of LDJ Capital, a New
York City-based family office, and The Soho Loft Media Group The Voice of Capital Formation
a global financial media company with three divisions: Victoria Global Corporate
Communications, Times Impact Publications, and The Soho Loft Conferences. You can reach him
directly at David@LDJCapital.com.