Medical Marijuana, Inc. (OTC PINK: MJNA), the first-ever publicly traded cannabis company in the United States, announced today that its major investment company AXIM® Biotechnologies, Inc. (AXIM® Biotech) (OTC: AXIM) has received positive pharmacokinetic (PK) data results on its CanChew Plus® CBD Gum, which will be used in upcoming clinical trials with patients suffering from irritable bowel syndrome (IBS).

The single dose study on 10 mg of cannabidiol (CBD) and 30 mg of CBD determined the concentration of CBD in the blood after chewing one CanChew Plus® Gum for thirty minutes in healthy volunteers. The 30 mg dosage showed excellent results and this data will be used to determine the optimal concentration in the IBS patient trial.

“Yet again, AXIM continues to impress the industry with this study on its proprietary delivery method for cannabinoids and ground-breaking research in the field,” said Dr. Stuart Titus, CEO of Medical Marijuana, Inc. “With this data, AXIM will be able to formulate the optimal dosage for its clinical trial products to render the most positive results for their patients.”

AXIM is among just a few companies conducting clinical research on the benefits of cannabinoids. Their research will be the catalyst for change in many sectors of the pharmaceutical industry as we believe that cannabinoid therapeutics has the potential to restructure certain aspects of how medicine will be practiced. We applaud the AXIM team and support continued efforts on this front,” added Dr. Titus.

There are very few effective treatments for IBS, which effects between 25 and 45 million people in the United States and around 10-15% of the world population. AXIM intends to bring a pharmaceutical solution to the IBS market, which is estimated to be worth $1.5 billion by 2023.