On Friday, the company – who also manufacturers the cannabis spray Sativex – told Bloomberg about their new drug, which showed promising results in a mid-stage clinical study, helping improve insulin production and lowering blood sugar levels, among other things, in patients with Type 2 diabetes. GW plans to publish the results later this year.
GW has been funding research on THCV since 2005 and has already filed a patent on its use in the protection of pancreatic islet cells, which are the cells that produce insulin. At least 50% of these cells are lost by the time Type 2 diabetes is diagnosed.

THCV is produced naturally by the cannabis plant, but the amount varies by strain.
On the other hand, Roger Pertwee, a neuropharmacologist at Aberdeen University who conducted one of the first studies on THCV, told The Guardian that some strains can have high levels of this cannabinoid:
“There is a large amount of THCV in Pakistani cannabis, which is the one used to make a medicine called ‘tincture of cannabis’. That contained about equal amounts of THC and THCV.”

Animal studies show that THCV can improve metabolic symptoms in diabetic mice, but won’t help them lose weight.
Interestingly, THCV seems to have slightly different effects than Rimonabant – a synthetic compound that was marketed for the treatment of obesity before being pulled due to side effects of suicide and depression – despite the fact that both compounds work by blocking cannabinoid activity. What’s more, research on the role of cannabinoids in diabetes is conflicted, with some studies showing that THC and CBD may also offer benefits.

Dr. Wright joined GW in 2004 and has been involved with the pharmaceutical industry for over 20 years.
Something along the line of Sativex might do. GW’s cannabis spray is quickly gaining worldwide recognition and – after being launched in Italy earlier this month – is now available in 21 different countries.
Source: http://www.truthonpot.com/2013/07/19/thcv-the-next-diabetes-drug-is-being-made-from-cannabis/