Denver's own Bud & Mary's has been waiting for over a year on a DEA application to grow cannabis for research purposes, and it's the only facility in Colorado with DEA approval to study medical marijuana.
, DEA and others to have the ability to conduct this important research. The industry as a whole has been focused on getting products out the door to customers and patients, and that's a great thing. For us, we knew that we needed more than anecdotal evidence to show the efficacy and the medicinal value that the compounds in the plant give. It's very expensive to create the team, environment and funding to be able to conduct these studies.
We are now seeing the demand for cannabis-driven clinical trials, not just observatory research, and those types of studies are even more cost-intensive. The Cannabidiol Research Expansion Act opens the door for more funders to come out of the woods and help us discover the what, why and how behind cannabinoids, terpenes and other components of the plant.
Last time you spoke with us, Bud & Mary's was awaiting a decision from the DEA on a production license, as well. Did you end up receiving DEA approval to manufacture?
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