VAPOUROUND CBD MAGAZINE ISSUE ONE | Page 79

FEATURE Canadian giant Canopy to supply medical cannabis in the UK The world’s biggest cannabis company has set up shop in the UK. “In the end it’s a family of compounds that have tremendous therapeutic potential” therapeutic value and encouraging progressive drug policies that reduce harm and the ‘collateral damage’ caused by prohibition. Beckley Canopy Therapeutics’ first clinical trial will take place in the second quarter of 2019 when they’ll investigate the effectiveness of cannabis in relieving cancer pain. Cosmo Fielding, managing director of Beckley Canopy Therapeutics and Spectrum Biomedical, said: “The big cannabis-producing companies recognise the need to provide more clinical evidence as they move towards being more pharma-focused and we will see this ramp-up, with more clinical trials over the next few years. “I think the global medicinal cannabis market will prove much bigger than the recreational use market.” Canopy Growth Corporation launched as Tweed Marijuana Inc. in 2013 and in May 2018 became the first cannabis- producing company to be listed on the New York Stock Exchange. VAPOUROUND CBD MAGAZINE Canopy Growth will operate via UK subsidiary Spectrum Biomedical and will import and distribute specially- cultivated strains to pharmacies across the UK at the request of physicians. Cannabis was legalised for medical use in the UK in November last year. Canopy Growth’s chief medical officer, Mark Ware, said: “We take cannabis very seriously indeed as a medicine. “In the end it’s a family of compounds that have tremendous therapeutic potential.” Spectrum will simplify cannabis by providing physicians and patients with a chart to help them find the right product and THC/CBD ratio for the condition being treated. Mr Ware said: “Cannabis is very complex, it is used for a huge range of different conditions. “The colour-coding is a way to simplify the complexity of the plant for patients.” Canopy has joined forces with the Beckley Foundation to form Beckley Canopy Therapeutics, a partnership that will research and develop cannabis-based medicines. The Beckley Foundation scientifically investigates the effects of psychoactive substances, exploring their potential 79