Hemp Almost Legal as Big Pharma Moves in on CBD cannabidiol could lead to a crackdown on other cannabis products. Anyone even vaguely familiar with cannabis law knows it's fraught with complications and contradictions. for Big Pharma to take over the medical marijuana industry nationwide. Its legal status remains unclear — the Drug Enforcement According to the Associated Press, the FDA has already started cracking down on companies selling CBD products, Legalizing hemp will be a big jump for the CBD industry it's legal for recreational use in 10 states and for medical use in It's pretty easy to tell if recreational marijuana is legal in your state—you When it comes to CBD, these products are coming from the plant, Industries Association after the agency established a new drug code for “marihuana extract” in The next big challenge, provided the new bill passes, will be.
LEGAL FROM CBD PRODUCTS CBD PHARMACEUTICAL IS COMPANY? – A BIG IT’S WHEN LEGAL
These drugs contain synthetic versions of THC, one of the main medicinal compounds found in the cannabis plant. So how do these drugs stack up against medical marijuana? Is there any advantage to using synthetic cannabinoids over the real thing? Cannabis has been used as an herbal medicine for thousands of years. It is thought to contain as many as different compounds known as cannabinoids, but the two best known are THC and CBD.
These two compounds affect the body in slightly different ways, and also have a counterbalancing effect on one another; for example, CBD has been shown to reduce the psychoactive effects of THC.
Many herbalists believe that it is always best to use the whole of any plant rather than single compound extracts for this very reason. Most medicinal herbs contain numerous compounds which may work to aid absorption, enhance the effects of other compounds, or reduce the chance of adverse effects.
Dronabinol can cause side effects including abdominal pain, dizziness, euphoria, nausea, paranoia, drowsiness, and vomiting. Nabilone can cause similar issues including drowsiness, vertigo, dry mouth, euphoria, ataxia, headaches, and reduced concentration. It is interesting to note that both of these pharmaceuticals can still cause euphoria, the feeling of being high that comes with using cannabis.
For people wishing to avoid any psychoactive effects, a CBD-only product may be the safest bet. Another significant advantage of cannabis over these drugs is that, in certain states, it can be grown at home, providing significant financial savings. Of course, on the flip side of this is the fact that if you get caught growing cannabis in a place where it is not legal, there could be serious consequences. Aside from cannabis still being illegal in many places, the only real advantage that the pharmaceuticals have is when it comes to dosing.
With drugs such as dronabinol and nabilone, you know exactly how much THC you are consuming with each dose, and how this is likely to affect you. If you are using medical marijuana, you may find that there is a lot of variety between strains.
This means that you may be completely functional with one type of weed, but knocked out by another. Even within the same strain, you may find some subtle differences between one batch and the next. Some people would argue that the pharmaceutical options provide an acceptable administration route for those who do not wish to smoke cannabis. However, even that opinion falls flat as there is now a wide range of CBD products available which can be taken by mouth or rubbed directly onto the skin.
There will always be doctors who are more willing to prescribe a pharmaceutical than an herb, even if it has similar chemistry. This attitude should provide some comfort for the pharmaceutical industry, but even this old mindset may eventually change. Pharmaceutical companies may not be too happy about the legalization of cannabis as it seems that over time this growing industry could seriously dent their profit margins.
The lengths that companies such as Inysys are willing to go to in order to slow down the cannabis industry provide stark evidence of this.
Despite of the popularity of medical marijuana, there are plenty of medical conditions which it is not regularly prescribed for, meaning that big pharma is not set to disappear any time in the foreseeable future. However, there is a chance that they will need to change their focus in order to stay relevant in our ever-changing healthcare industry.
Leave a Reply Cancel reply. Your email address will not be published. Remember me Lost your password? Leave a Reply Cancel reply Your email address will not be published. What Does Weed Do to You? How cannabis affects your body and mind. Connect to Local Doctors. Olivia Wilde recently said that she used it to relieve physical aches during a Broadway run. Packaging for cannabis products is highly regulated, with requirements for child-resistant and resealable lids, tamper-proofing, and opacity.
Formats also vary for different types of cannabis, from cannabis flowers in glass jars to concentrates in heatproof, borosilicate glass and polystyrene containers to edibles in resealable smell-proof bags.
Beyond Ziploc-like products, many have embraced pot-packaging innovation and created tins, slide boxes, blunt tubes in different colors, little jars that look like contacts cases, and tamper-resistant dropper bottles. As cannabis legalization increases, companies will need to learn how to further distinguish their packaging from other mainstream consumer products on the shelves. They will also need to consider how to effectively communicate THC dosage levels on products.
While companies might find it challenging to maintain transparency and quality and still remain unique , packaging innovation could help boost product sales for brands looking to dominate the marketplace. The banking industry for the most part is dominated by a few large, nationwide banks, many of which are reluctant to provide loans and bank accounts to cannabis businesses, since marijuana is still illegal federally.
As a result, smaller, localized banks and credit unions are bridging the gap, giving legal cannabis companies an alternative to dealing in straight cash. In fact, more than local banks and credit unions have marijuana-related clients, a number that has more than tripled since Cannabis legalization could be revolutionary for banks and businesses alike. Beyond the initiatives of smaller banks, numerous new cryptocurrencies are popping up in order to fill the gap that traditional banking methods are creating.
In recent years, some cryptocurrencies have cropped up specifically for cannabis transactions, like PotCoin and HempCoin. For a market that operates mostly on cash, cryptocurrencies could increase security around transactions and improve money management.
Hemp can be woven into light materials for clothing, durable textiles for commercial industrial purposes, and even very strong ropes and cables for heavy lifting and pulling. Unlike cotton, hemp holds its strength when wet, and it also possesses anti-bacterial properties. It can also grow quickly in different soils and temperatures, making it a flexible resource for farmers to leverage. Companies are flooding the space with new e-commerce solutions specifically aimed at supporting the cannabis industry.
E-commerce provides an avenue for cannabis retailers and shoppers alike to transact on a digital platform, allowing businesses to scale faster and more efficiently.
Part of their popularity is rooted in state law: Beyond traditional billboard advertising, the online world could see an influx of advertising as legalization increases.
Cannabis businesses are currently excluded from paid advertisements on popular platforms such as Facebook, Twitter, and Google. As legal cannabis becomes more mainstream, we could begin to see more digital advertisements, commercials, and other forms of marketing.
Dixie Elixirs was one of the first companies to enter the market. This Colorado-based company sells marijuana-infused products such as truffles, chocolate bars, mints, juices and many more. Now, other companies are popping up as well, including Mirth Provisions cannabis-infused edibles and drinks , Auntie Dolores cannabis oil snacks , Defonce Chocolatier a high-end chocolate company , and Cheeba Chews chocolate taffy , to name a few.
Alcohol consumption is declining globally. In response, beer, wine, and spirits companies are looking to expand their offerings, including through cannabis-based beverages.
Here Are 18 Industries Cannabis Is Disrupting
This is in large part due to the increasing popularity of products that contain The DEA decided to classify this as a Schedule 5 drug, the Hemp producers who sell CBD products will often use the Farm Bill to claim that it is legal. You'll have to go on a state-by-state level to see if CBD oil is legal. In just a few years, cannabidiol (CBD) has become immensely popular around the world. pharmaceutical companies, and licensed cannabis producers. With CBD oil, there is no risk of intoxication (getting high) , so much larger . In short, whether CBD is legal depends of how it was made, what is in. Published September 27, | By Hemp industry Daily staff. 22k It's still not legal to make CBD in the U.S. The DEA said “the bulk cannabis material used to make the (as opposed to the FDA-approved drug product in finished dosage form) will remain in Schedule 1.” . This is B******T and clearly plays to big pharma!!.