On Thursday, Colorado State University officials said that they expect the school’s research center to be opened this spring. The research center would be sorely for studying the chemical compounds found in hemp and marijuana.
The research facility will be located at the Colorado State University in Fort Collins, Colorado. The faculty, undergraduate, and graduate students at the university will be in a position to study cannabinoid formulations, separation efficiencies, and efficacy testing. Cannabinoids include compounds such as CBD, which is also called cannabidiol.
The associate dean for research at CSU College of Natural Sciences, Melissa Reynolds, said that cannabinoids were effective in treating several medical conditions. Reynolds also noted that there more than 100 other cannabinoids that can be found in hemp that could have positive impacts in other areas.
Colorado State University is renovating part of the chemistry building where the research center will be located, and it is the responsibility of the CSU’s College of Natural Sciences to oversee the research facility.
According to local media, Colorado State University received a donation of $1.5 million from a company that produces CBD products for people and pets, based in Golden, Panacea Life Sciences. Panacea Life Sciences was founded by an alumnus of Colorado State University, Leslie Buttorff.
The donation will be used to finance the study, cover operating costs, and purchase research equipment, said the university officials. The researchers at the CSU would be working in partnership with Panacea Life Sciences.
Buttorff said that Colorado State University offers expertise in the complete cannabinoid value chain, which includes botany, chemistry, biology, psychology, agricultural sciences, statistics, and veterinary research.
Panacea Life Sciences’ focus is to manufacture products that are scientifically and medically proven, and their partnership with the university will advance this.
In recent years, universities in the United States have started offering courses and degree programs on marijuana science, even though federally, marijuana is still illegal.
The schools are merely responding to the need for trained and qualified workers and chemical analysts in the booming marijuana and hemp industry. Medical marijuana is legal in 33 states, while adult-use marijuana is approved in 11 states.
In August 2019, the University of California-Davis opened a marijuana and hemp research center, bringing the university’s marijuana researchers under one facility. The researchers include experts in agriculture, business, medicine, veterinary medicine, law, and psychiatry.
The step taken by CSU to study hemp is one that experts see as an answer to the dream of hemp companies like SinglePoint Inc. (OTCQB: SING) who would like more academic institutions to conduct research and reassure the public that cannabis has immense value.
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