Breaking News: Langara College Receives $3.3 Million for Applied Research in Cannabis

Article by Sarah Rose, Growth Op

Breaking News: Langara College receives $3.3 million for applied research in cannabis Sarah RoseJuly 13, 2021 Cannabis News Featured Health Latest Legalization News Marijuana News Science

A press release on July 13 detailed a ground-breaking grant awarded to Langara College. The grant, which totals $3.3 million, consists of $2 million from the Natural Sciences and Engineering Research Council and $1.3 million from the Canadian Foundation for Innovation, is the largest grant received by a post-secondary institution in the province.

“These grants are a huge step for the College, not to mention an exciting opportunity for our students to gain this invaluable experience with our industry partners: Pure Sunfarms, Ascension Sciences, and Nextleaf Solutions.” Public Affairs Manager Mark Dawson said over email.

The Natural Sciences and Engineering Research Council (NSERC) invests over $1.2 billion into natural sciences and engineering research in Canada every year. This five-year funding for the Applied Science for the Canadian Cannabis Industry research project will allow researchers at Langara College in partnership with industry leaders to study cannabis with the latest technology from a multidisciplinary approach encompassing chemistry, biology and bioinformatics.

“This funding is a testament to the growth and expertise in cutting-edge and cross-disciplinary applied research that Langara College has built over the years,” said Margaret Heldman in the press research.

With increased sales comes demand for research

Cannabis sales in the province have skyrocketed since legalization in 2018 and as of 2020, accounts for about $290 million in gross revenue. Emerging research projects the medical cannabis market to reach US$49,116.4 million worldwide by 2028. The staggering market growth projection of 23.9 percent in the next seven years is attributed to escalating government funding for spreading awareness and exploring the medicinal benefits of cannabis.

According to Health Canada, in 2020, 321,539 Canadians had active medical cannabis authorizations. However, researchers suggest the figure is significantly higher given that many medicinal users do not seek medical authorization.

Read the full article here.

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