For Research On Cannabis, This Company Got A Grant Of 50 Lakhs From The Government Of India, Know The Reason – Medical Cannabis Jobs-Pharma company HempStreet has received a grant of about Rs 50 lakh from the govt of India for research on cannabis. With this, the corporate will do research and development work regarding the utilization of cannabis in Ayurvedic medicines. it’s the corporate that has received the Biotechnology Ignition Grant (BIG) from the Biotechnology Industry Research Assistance Council (BIRAC) of the govt of India for research on cannabis.
For Research On Cannabis, This Company Got A Grant Of 50 Lakhs From The Government Of India, Know The Reason – Medical Cannabis Jobs
Under BIG, startups and entrepreneurs are given Rs 50 lakh for research projects. it’s given for 18 months and is given to such projects which have a billboard potential.
Major companies received grants
Prior to this, major companies like Bharat Biotech have received grants from BIG, which were engaged in research and development of Kovid vaccine. Co-Founder and CEOof HempStreet mr. Abhishek Mohan said, “This award and therefore the grant validates our efforts to make a world-class organization and take the Indian medical cannabis industry to its rightful place. We are committed to contributing to the worldwide medical cannabis industry. we would like to be a Make in India brand for the planet .
Use of cannabis within the treatment of diseases
Hempstreet claims that it’s conducting research with leading scientists of the country about the utilization of cannabis within the treatment of diseases that affect about 300 million Indians.
HempStreet claims to possess a network of quite 220 Ayurvedic clinics serving around 60,000 doctors across the country and have served about 35 million patients.