InMed Pharmaceuticals Inc. (NASDAQ:INM), a leader in the research, development, manufacturing and commercialization of rare cannabinoids, is taking a leading position in the marketplace. Less that a month after launching B2B sales of the emerging rare cannabinoid delta 9-dominant tetrahydrocannabivarin (d9-THCV) into the health and wellness sector, we interviewed BayMedica LLC Vice President of Sales, Jerry Griffin, how the business is going. BayMedica is the wholly-owned subsidiary of InMed Pharmaceuticals, acquired last October.
While BayMedica is conducting business activities with many different types of health and wellness companies, Jerry gives an interesting account about the interest coming from U.S. multi-state operators (MSOs) in the cannabis industry. To help optimize the effectiveness of their products—to counterbalance the effects of THC, for example—MSOs are increasingly infusing cannabinoids into edibles formulations. Edibles currently account for about 9% of the U.S. cannabis market, and that metric has been steadily rising over time.
