British Columbia Company To Export Cannabis To United States

Tasha Stevens
September 18, 2018 - 3:03 pm

DALLAS (1080 KRLD) - A British Columbia based company gets the OK to become the first company to export cannabis to the United States.

Tilray received approval to ship medical cannabis to the US for a study in California. The trial that is expected to begin next year will use a capsule form of the drug to treat essential tremor, a neurological disorder that causes involuntary and uncontrollable shaking that can make it difficult for patients to perform everyday tasks.

As of now, essential tremor is treated with drugs originally developed to treat conditions like high blood pressure and seizures. Sometimes Botox is also used. Other trials involving Tilray: post-traumatic stress disorder, a form of epilepsy, brain cancer, and side effects of chemotherapy.

Today's stock market liked the news. Shares of Tilray's stock went up more than 680%.