Atlanta’s first medical marijuana company has gained exclusive rights to distribute a high cannabidiol (CBD) strain of marijuana developed specifically for medical use.
Halcyon Organics’ has licensed a strain named ‘Haleigh’s Hope’ that has a 22:1 CBD to THC ratio, which means that the strain provides the medicinal benefits of marijuana without the high that causes impairment.
Daniel Macris, CEO of Halcyon Organics, said the strain contains less than 2 percent of tetrahydrocannabinol.
“For the purposes of medical use, especially with epilepsy and cancer, you really need that THC in there to get the maximum efficacy of the concentrate,” Macris said. “A CBD only (extract) is about 60 percent as effective as a whole plant extract because THC, while it does have a psychoactive effect that can get you high, it also has powerful antispasmodic and anticonvulsive properties.”
Haleigh’s Hope was developed by Jason Cranford, owner of the Rifle, Colo.-based Rifle Mountain Dispensary.
It is named after the namesake of “Haleigh’s Hope Act” or House Bill 885.
The cannabis allowed by the bill is low in THC but high in CBD, which according to many physicians reduces the number and duration of seizures.
According to the bill, clinical research has shown certain benefits arising from the utilization of medical research cannabis and, most recently, significant benefits of a particular strain delivered orally for the treatment of seizure disorders among children.
Twenty-one states and Washington, D.C., have legalized medical marijuana but not Georgia.
Gov. Nathan Deal announced on April 10 that Georgia’s medical college plans to launch clinical trials that could lead to the legal use of oil derived from the marijuana plant by children with epilepsy.
The governor has consulted with the U.S. Food and Drug Administration (FDA) to begin moving toward conducting clinical trials at Georgia Regents University in Augusta, Atlanta Business Chronicle’s Dave Williams reported.
Once legally licensed, Halcyon Organics said it would manufacture and dispense medical marijuana products to Georgians.