The cannabis plant has enjoyed a colorful history around the world and is cultivated for a wide range of applications. Known by a variety of monikers such as hemp and marijuana, cannabis is harvested for its sturdy fibers as well as its smokable flowers. Further, several of the active compounds in the cannabis plant, known as cannabinoids, are revered for their medicinal properties. In the realm of modern medicine, cannabis is used to treat conditions ranging from eating disorders and depression to glaucoma, chronic pain, and gastrointestinal diseases. As of 2020, the U.S. medical marijuana market is valued at more than $7.2 billion and is expected to grow at a rate of about 10.5% through 2027. Yet that’s not the entire story, and the cannabis plant is still heavily regulated around the world, even as we gain more knowledge of its medicinal properties. The various laws prohibiting the cultivation, sale, and/or distribution of cannabis products serve as a roadblock of sorts in terms of treating illnesses. Here’s what you need to know about the changing global mindset when it comes to medical marijuana, and how the acceptance of cannabis for medical purposes is shifting modern healthcare as a whole.
Beau Peters, Cannabis & Tech Today, 10/20/2021 07:00:00