Big Pharma Set To Lose More Than $18 Billion Thanks To Cannabis

in #weedcash5 years ago (edited)

As cannabis legalization continues to grow and more states and countries look to set up their own highly-controlled markets, it means that there could be great losses for the pharmaceutical industry.

It's been estimated that they could lose as much as $18 billion or more if the entire country were to legalize.

They could lose over $4 billion every year, if more people turn to choose cannabis to help with a myriad of issues, instead of going with their usual prescriptions.

Previous research has found that many patients today will prefer a cannabis treatment option to taking opioids.

A growing number of people are turning to cannabis for a wide range of illnesses, for anything and everything from headaches and anxiety, to PTSD, pain, and much more.

The Endocannabinoid System

For many, cannabis is seen as arguably the natural and safer choice, especially since hundreds of thousands of deaths haven't been attributed to it and because our bodies have a natural endocannabinoid system.

Researchers are increasingly beginning to understand how cannabis might be vital in helping to prevent opioid misuse and how it can potentially help to provide healing for various addictions and ailments.

The endocannabinoid system is instrumental to our well being, present in every major bodily system and because of this it has been theorized that the dysfunction of the ECS can cause a myriad of illnesses, which researchers say is how cannabis can manage to treat them. It's alleged that clinic endocannabinoid deficiency can potentially contribute to the development of IBS, migraines, fibromyalgia, and other treatment-resistant syndromes.

Researchers have previously asserted that this system is constantly working to maintain balance on a cellular level and it's regarded as one of the most important systems that is involved in maintaining human health. And not only do our bodies make these cannabinoids regularly but certain activities and foods are also known to help activate the system to function optimally as well.

If the system isn't functioning correctly, researchers note that you can add supplemental cannabinoids from cannabis to try and fill the void and seek a fix, to pursue that balance again, and this could be why so many people are seeing personal success with their issues, for such a wide range of ailments.

Pharmaceutical companies have been aggressively lobbying federal agencies against legalization of cannabis and they've spent millions of dollars on their efforts. Still, recreational or medicinal cannabis legalization has grown to encompass more than 20 states now, with many expecting that sometime in the near future we might finally see the federal war against cannabis come to an end, so that further research and innovation in this market can be explored.

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The information that is posted above is not intended to be used as any substitute for professional medical advice, or diagnosis or treatment. The above is posted for informational purposes only.

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Third section under The Endocannabinoid System says ~the endocannabiniod system is detrimental ~ Do you mean to say instrumental ?

yes thank you! fixed, thanks for picking that up!💨 💨 ✌ 😎

@doitvoluntarilyhola dear friend. These great companies will find a way not to lose money or stop winning, something will occur to them
Thank you very much for sharing this news.
I wish you one day

I can faintly hear a sound coming from the tiniest of violins. Let's all shed a tear for big pharma. The article didn't mention insomnia, cannabis can definitely help one sleep, it isn't, however, a miracle drug and can cause serious issues with excessive use.

Solid article, loved the graphics. They really helped tie things together. Glad someone is bringing this stuff to light.

Finally a good news story! Almost all the news I see seems like it is negative but I like this one! Thanks for sharing. :D

It will be a good day when these blackmailing scrum are forced into bankruptcy.

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