Chanelle, Lady McCoy, who co-founded pharmaceutical company Chanelle Medical, has formed a separate firm focused on developing pharmaceutical-grade cannabidiol (CBD). The new firm, CMC Pharma, will include a subsidiary devoted to the research, development and sale of CBD products.

Chanelle recently resigned from the board of several Chanelle companies to focus on this new venture within the CBD sector. CMC Pharma is to produce the product in Ireland, with a base in Loughrea, Co Galway.

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