HackerNoon, a leading technology publication, recently released its “Startups of the Year 2023” list, which recognizes over 70 startups in Istanbul. The list includes a diverse range of companies, from fintech and e-commerce to healthcare and education. One notable trend among the recognized startups is their connection to the medical marijuana program in Turkey.
Turkey legalized medical marijuana in 2016, becoming the first Muslim-majority country to do so. The program allows patients with certain conditions, such as epilepsy, multiple sclerosis, and cancer, to access cannabis-based medicines with a prescription from a doctor. Since then, the industry has been growing rapidly, with more and more startups entering the market.
One of the startups recognized by HackerNoon is Biontech, a biotechnology company that specializes in developing cannabis-based medicines. The company’s flagship product is a CBD oil that is used to treat anxiety and depression. Biontech has already received approval from the Turkish Ministry of Health to produce and distribute its products.
Another startup on the list is Medcan, a healthcare company that provides medical cannabis consultations and prescriptions. Medcan’s team includes doctors, pharmacists, and researchers who are dedicated to helping patients access safe and effective cannabis-based treatments.
Other startups on the list include Canapar, a cannabis cultivation and processing company, and GreenMed, an e-commerce platform for medical cannabis products. These startups are just a few examples of the growing ecosystem of medical marijuana startups in Istanbul.
The recognition of these startups by HackerNoon is a testament to the potential of the medical marijuana industry in Turkey. With a population of over 80 million people and a rapidly growing economy, Turkey is poised to become a major player in the global cannabis market.
However, there are still challenges that need to be addressed. The medical marijuana program in Turkey is still relatively new, and there is a lack of awareness among both patients and healthcare professionals. Additionally, there are regulatory hurdles that need to be overcome in order to fully realize the potential of the industry.
Despite these challenges, the startups recognized by HackerNoon are paving the way for a brighter future for medical marijuana in Turkey. By developing innovative products and services, they are helping to improve the lives of patients and contribute to the growth of the industry.
In conclusion, HackerNoon’s “Startups of the Year 2023” list highlights the exciting developments in the medical marijuana industry in Istanbul. With a growing number of startups dedicated to developing safe and effective cannabis-based treatments, Turkey has the potential to become a major player in the global cannabis market. As the industry continues to evolve, it will be important to address the challenges and work towards creating a sustainable and responsible medical marijuana ecosystem.
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- Source: https://zephyrnet.com/over-70-startups-in-istanbul-recognized-in-hackernoons-startups-of-the-year-2023-world-news-report-medical-marijuana-program-connection/