Big Pharma Stands To Lose $18.5 Billion If All 50 States Legalize Medical Marijuana

Medical marijuana or cannabis is set to cause great changes in the world of medicine. It’s considered a derivative of the recreational drug. Medical marijuana is also used in the treatment of chronic pain and epilepsy. Is cannabis useful in the treatment of anorexia, nausea, pain, insomnia and depression? You can bet it is. Scientists have yet to confirm the incredible power of cannabinoids in terms of being used to treat the negative side effects caused by chemo. Believe it or not, medical marijuana can provide a direct anti-cancer effect on your body.

But this immense potential is ignored. Medical marijuana is still illegal in most states. Why on Earth would anyone ban the use of something that aids in relieving the symptoms of so many health conditions? Why would anyone ignore the power of a remedy that works better than pharmaceutical drugs with less side effects? The answer is right in front of you.

It’s all about profit.

Marijuana makes a difference

New Frontier Data is the analytics firm that monitors the introduction of marijuana in the world of medicine, focusing on two aspects: economy and industry. Giadha Aguirre De Carcer, CEO and founder of New Frontier Data, had the answer to all your questions. According to Aguirre De Carcer, adopting cannabis nationally will lead to a big wave of patients who would opt for natural cannabis instead of pharmaceutical drugs.

A group of researchers for New Frontier Data took into consideration the top nine conditions that can be effectively treated by medical marijuana, as confirmed by the data from the National Academies of Sciences:

  • Chronic Pain
  • Post Traumatic Stress Disorder (PTSD)
  • Anxiety
  • Nerve Pain
  • Chemotherapy Induced Nausea and Vomiting (CINV)
  • Tourette Syndrome
  • Glaucoma
  • Seizures/Epilepsy

A 2016 Health Affairs study was focused on the sales of conventional pharmaceutical medication used to treat these health conditions. The results showed the legalization of marijuana caused a 11 percent drop in the sales of the drugs. New Frontier Data used this info to determine the overall monetary impact of the legalization of marijuana in all 50 states. How much money would companies lose after the legalization of marijuana? Something around $18.5 billion. Too much money, right?

Deep analysis

The New Frontier Data report explained that the US makes 35 percent of the global pharmaceutical market, noting it’s the largest market in the world and a huge driver of our economy.

$18.5 billion may be a lot of money, and Aguirre De Carcer notes that confronting the largest international industry on global levels with medical cannabis could be considered a drop in the bucket when it comes to affecting the total pharmaceutical industry.

Carcer and her colleagues believe that medical marijuana could affect companies involved in the production of medication for chronic pain and chemotherapy. It could make a huge difference. That’s why the legalization of medicinal marijuana is stuck in the middle of nowhere. The Big Pharma will never allow it. Losing billions? Not in this world. It’s sad how they ignore the fact that marijuana is safer and more efficient than all the chemical-laden drugs. So sad.



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