Abstract: A new and useful method for extracting propolis from substantially clean raw material to obtain a dry propolis powder. Depending upon the method employed, either a water soluble propolis powder or an organic soluble propolis powder may be obtained. A unique method for purifying the propolis extract is also disclosed. Both the methods for extracting propolis-containing raw material and the water soluble dry propolis powder are claimed. The propolis powder exhibits, among other things, bactericidal viricidal, analgesic, anaesthetic and regenerative properties.