The Global Effect of Medical Cannabis
Marijuana remains an illegal drug in many countries across the world because of economics. If it was freely legal then it would cost pharmaceutical and alcohol companies billions every year.
The DEA in the States, decided to keep cannabis as a Schedule 1 drug, which caused uproar within the cannabis community, as the decision to keep the drug classified with drugs like heroin, LSD, ecstasy and others didn’t make any sense.
A Schedule 1 substance means that it has a high potential for abuse, that there is no accepted medical treatment and a lack of accepted safety for use under medical supervision.
However, cannabis has medical benefits and this has been proven over and over again, which is why medical cannabis has gained ground and now states in America and countries all over the world have legalised the use of medical cannabis.
Cannabis is Recognised Around the World as Medicine
There is an increasing number of countries implementing legal medical cannabis, including Canada and Germany and Australia was the first continent to legalise medical cannabis.
South Africa is another country that has recently legalised the use of cannabis in your own home. This trend is spreading and for good reason.
Israeli scientists have been researching the medical benefits of cannabis for the past 50 years. In 2015, Tel Aviv University and Hebrew University researchers published the results of a study that actually showed how cannabis is able to help heal bone fractures.
Cannabis is Saving Lives
Large pharmaceutical companies do want to see the legalisation of cannabis as it will potentially replace dozens of harmful medications that are taken by millions of people across the world.
The cannabis plant is a called the miracle plant as it has the potential to treat a number of debilitating conditions. It is able to treat a range of illnesses from multiple sclerosis to epilepsy. It is able to improve the daily life of millions of people across the world, which means that it is a medicine.
With cannabis, users will not need to take a different type of drug to combat the side effects of another. Cannabis does increase your appetite, but you will not feel like you have to take another drug in order to feel better.
A New Market in Medical Cannabis
As legalisation is occurring all over the globe, a new market has been created and it is expected that this new market will reach 55.8 billion USD by 2025. This is due to the driving demand that will be seen over the next few years as more states in the US and more countries legalise the use of medical cannabis. The demand for the drug can be seen with the emergence of frameworks like the Medical Marijuana Regulation and Safety Act. These frameworks aim to regulate the growing and processing as well as selling of medical cannabis.
The market is also being driven by the increasing interest that healthcare providers and academic researchers have in the uses of medical cannabis and its therapeutic value. Potential therapeutic values are the suppression of nausea, pain relief and appetite stimulation. Cannabis can also provide relief for those that suffer from cancer, HIV/AIDS, multiple sclerosis and glaucoma according to research. This is propelling the market forward and shows an increase in the demand. A demand which has grown new business in food, beverages, houses, and a wide variety of other sectors. Even vape shops South Africa have seen an increase in demand from the recent legalization.
There will also be a rise in cannabis brands and there will be national brands and leaders in medical cannabis.
Cannabis is becoming legal in various parts of the world and this will continue over the coming years. The medical cannabis market will flourish and more and more people will benefit from this plant.