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Canonic Announces Positive Results in Pre-Clinical Studies in its Precise Product Program for Medical Cannabis

PR Newswire · PR Newswire · last updated
According to industry estimates, the medical cannabis market in Europe is estimated to pass €1 billion in 2023. The Israeli medical cannabis market includes over 105,000 licensed patients and is estimated at $260 million per year, with over 60% of medical cannabis in Israel prescribed for pain and inflammation indications[3]. Based on these results, Canonic has filed a patent application for several of these cannabis varieties and their medical effects. The ability of Canonic’s medical cannabis varieties in reducing pain and inflammation in pre-clinical settings is impressive. The Company’s strategy includes the development of Cannabis varieties in order to commercialize medical Cannabis products independently or through collaborations.