In a saucepan over medium heat, add 1 cup pomegranate juice, 1 cup cane sugar, and 2 tbsp lime juice. Simmer until sugar has dissolved, then simmer an additional 5-10 minutes to thicken the consistency slightly but not too much. It will thicken further as it cools. Once done, let cool, then pour into jar and enjoy. Can be refrigerated for 1 month. If you need to use it quickly, try marinating cherries overnight to make maraschino cherries!