Cannabis has a long history as a medicine. Medical cannabis is one of the most widely discussed health topics for scientists, doctors, Pharma companies and the public. Further legalization and regulation of cannabis will enable Big Pharma to achieve annual sales of approximately $6 billion by 2019 of medical cannabis in all forms, for an estimated market of 24 million patients.
Cannabis is revolutionizing sectors such as health, economy, trade, finance, and environmental care. The Big Pharma cannabis industry is another one of them.
The chemical-pharmaceutical industry uses large multinational laboratories concentrated on the cannabis and patent market.
Big Pharma cannabis companies are taking steps to go beyond monitoring and observing the phenomenon and are increasingly announcing investment plans to participate in this juicy business.
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The Big Pharma cannabis concept
The Big Pharma cannabis concept encompasses the largest and most influential pharmaceutical companies, which play a leading role in this industry worldwide.
Big Pharma has been cautious about entering the cannabis industry, especially given the regulatory hurdles and difficulties that remain in many countries, which they see as risks for investment in this market.
Cannabis has a long history, as its use for medical purposes goes back at least 6,000 years. However, in some circles, there is still debate about its curative and medical uses, despite the abundant evidence and research protocols that have demonstrated its benefits.
Cannabis as disease treatment
Studies on the therapeutic properties of CBD confirm its usefulness in combating diseases such as epilepsy, schizophrenia, multiple sclerosis, migraines, arthritis and cancer side effects.
In addition, the U.S. Department of Health and Social Services (FEED) has obtained a patent for the use of CBD in the treatment of neurodegenerative and inflammatory diseases, including Alzheimer’s.
The U.K. based magazine Clinical Pharmacology determined that the CBD oil and seeds of the plant are efficient in the treatment of convulsions, tumors, inflammations, cancer, and depression.
In light of this evidence, 33 U.S. states have legalized cannabis for medical use. All this research is triggering the Big Pharma cannabis incursion, which will contribute to revolutionizing other peripheral industries.
Big Pharma cannabis sales
Further legalization and regulation of cannabis will enable Big Pharma to achieve annual sales of approximately $6 billion by 2019 of medical cannabis in all forms, for an estimated market of 24 million patients.
Seven of the top ten cannabis patent holders in Canada and the U.S. are large multinational pharmaceutical companies. Many of these pharmaceutical giants have formed partnerships with cannabis companies such as Novartis and Tilray.
Products with supporting scientific evidence and protocols are today the spearhead for the Big Pharma cannabis mass entry.
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First published in Zócalo, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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