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SMALL BUSINESS
Cannabis Science Hails The American Medical Association For Urging The United States To Facilitate Clinical Research and Development of Cannabinoid-Based Medicines...
Business Wire
Cannabis Science Hails The American Medical Association For Urging
The United States To Facilitate Clinical Research and Development of
Cannabinoid-Based Medicines Which Validates The Company’s Strategy To
Produce Critically Important FDA Approved Cannabinoid-Based Medicines
For Patients
Cannabis Science Inc. (NASD OTCBB: CBIS) an emerging pharmaceutical
cannabis company, is hailing the call by the American Medical
Association's House of Delegates for “marijuana's status as a federal
Schedule I controlled substance be reviewed with the goal of
facilitating the conduct of clinical research and development of
cannabinoid-based medicines."
Richard Cowan, Cannabis Science CFO, noted, “The AMA has officially
joined the other medical groups in their recognition of the medical
value of cannabis. Last year, the
American
College of Physicians also called for a reclassification of
cannabis' Schedule I status. Previously, many other health
organizations, including the
American
Nurses Association and the
American
Public Health Association, have called for the legal recognition of
medical cannabis.”
Under federal law, all substances in Schedule I are
defined as
possessing "no currently accepted use in treatment in the United States"
and also having a high potential for abuse. In 1970 Congress classified
marijuana, and all of the cannabinoids (even those with no psychoactive
properties) as Schedule I substances upon passage of the Controlled
Substances Act. This classification was supposed to be temporary, but
blocking research kept it in Schedule I.
Dr. Robert Melamede, PhD., Cannabis Science Inc. President and CEO,
stated, “It is now clear that the AMA has embraced the plethora of peer
reviewed science supporting the medical applications of the cannabis
plant. Their call for the US to facilitate ‘research and development of
cannabinoid-based medicines’ is an important validation of our company’s
strategy and should make it much easier for us to develop and market
products that will help patients. Most people would be shocked to know
that the federal government has actually been blocking research on the
medical benefits of cannabis while supporting research aimed at
demonstrating the negatives. Now that the AMA has embraced this modern
science, and President Obama has created new Federal policies and
guidelines, the Federal Government can no longer ignore the importance
of cannabinoid-based medicines.”
About Cannabis Science, Inc.
Cannabis Science, Inc. is at the forefront of medical marijuana research
and development. The Company works with world authorities on
phytocannabinoid science targeting critical illnesses, and adheres to
scientific methodologies to develop, produce, and commercialize
phytocannabinoid-based pharmaceutical products. In sum, we are dedicated
to the creation of cannabis-based medicines, both with and without
psychoactive properties, to treat disease and the symptoms of disease,
as well as for general health maintenance.
This Press Release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Act of 1934. A statement containing works such as
"anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Some or all of the events or results anticipated by
these forward-looking statements may not occur. Factors that could cause
or contribute to such differences include the future U.S. and global
economies, the impact of competition, and the Company's reliance on
existing regulations regarding the use and development of cannabis-based
drugs. Cannabis Science, Inc. does not undertake any duty nor does it
intend to update the results of these forward-looking statements.
Copyright Business Wire 2009
2009-11-16 15:16:00
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