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Anebulo Pharmaceuticals said Tuesday that a single dose of its experimental pill blunted the effects of THC, the psychoactive ingredient in marijuana, supporting further development of the medicine as a potential antidote for cannabis intoxication.

With more states legalizing marijuana and the sale of higher-potency THC products on the rise, the Austin, Texas-based company sees a medical need — and a commercial opportunity — for an easily dispensed, high-reversing treatment. The medicine could be used to help people seeking care in hospital emergency departments after they accidentally or unintentionally consume excessive amounts of cannabis or THC-containing products.

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