- Worldwide cannabis market expected to reach between $30 billion and $50 billion within four years
- Patent protected disruptive technology enables more efficient delivery and absorption of cannabinoids
- Groundbreaking delivery technology DehyraTECH™ positions Lexaria as potential M&A prospect
Lexaria BioScience Corp. (CSE: LXX) (OTCQB: LXRP), a Canadian biosciences company that has developed delivery technologies to improve absorption of bioactive compounds, including cannabinoids, now has multiple patents pending in over 40 countries around the world. The company’s first patents, issued in the United States and Australia, relate to edible forms of cannabinoids or CBDs. Hot off a winning presentation at the 2017 Marijuana Business Conference & Expo (MJBizCon) in Las Vegas, Lexaria’s chairman and CEO Chris Bunka offered some thoughts on the future of cannabis during an interview with The Street at the LD Micro conference in Los Angeles last week.
“The market potential of cannabis is really exploding worldwide, it’s not just an American phenomenon, it’s happening in Canada, Mexico, Germany, Australia, all over the world,” Bunka told The Street’s Kinsey Grant (http://cnw.fm/2HXqK). “It’s expected to be in the $30-$50 billion range in the next…
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