Shopping Cart

Call us free: +44 800 193 0027

Now shipping to over 180 countries worldwide

Medicinal Cannabis Costs are Back breaking- MPs raised Voices

The state of Connecticut is expecting cannabis legalizing in the near future. The cannabis tycoon Curaleaf is hoping to benefit from this opportunity to expand their business further.

The world is recognizing the benefits of cannabis and its offshoot. This acceptance is increasing by the day and resulting in large scale legalizations especially in the US.

The legalizing of cannabis is mainly for the offshoot cannabidiol. It is a non-psychoactive ingredient of cannabis. CBD is proving to be extremely helpful in many health conditions. They include neurological illnesses such as depression, anxiety, insomnia and other issues.

CBD is also proving effective against certain pains such as joint pains, arthritis and epilepsy seizures. The recently made Epidiolex drug for children with epilepsy is showing marvellous results.

The drug is also effective against skin dryness in controlled amounts in relieving creams. These newfound findings force the governments to legalize at least medical cannabis. Cannabis products are helpful in medical conditions but should not be used for recreation, experts recommend.

Also Read: Medicinal Cannabis Costs are Back Breaking- MPs raised Voices

A growing opportunity for Marijuana Businesses

Marijuana businesses throughout the world are benefitting greatly from these amendments. Previously, meeting the supply needs for the demand was difficult due to law interference.

Now, on a legal platform, businesses can target greater markets more conveniently. Big players in the market are growing with a steep curve. Curaleaf is one of the greatest names in the Cannabis industry.

They already have the greatest revenues of almost $1 billion per annum. This revenue is mainly credited to their smart acquisitions of some potential firms namely Grassroots and Oregon.

According to the company’s CEO Joseph Lusardi, the move was directly in line with the company’s motives. The cannabis tycoon aims to build a strong reliable cannabis network throughout the US and build retail centres.

Right now, they have a great number of dispensaries, cultivation sites and processing sites around the US. The company is acquiring different businesses and rebranding them to increase the market reach.

Future Prospects

Up till now, over one-third of the American population has legal access to medical marijuana. a total of 15 states are having some kind of cannabis legalization, providing good market reach for the firm.

More legalizations are on their way, including Connecticut. People of CT are more biased towards marijuana legalizations than ever. This indicates the imminent referendum will be in favour.

Different forums conducted at different levels indicate that at least 62% of the state’s population is inclined towards cannabis legalization.

Political conditions are also favourable for cannabis business leaders in the US. Joe Biden stated in a press conference that he supports decriminalization of the drug but not on the federal level. The purpose is to regulate public availability as much as they can.

    Also Read: Massachusetts Loosens Restrictions on Marijuana

Researcher Reviews about the Drug

Benefits of CBD products are much more than officially recognized. This is due to the lack of study on the subject. The fact that the drug is federally illegal makes it difficult for the FDA to study it.

Medical authorities argue that they cannot take steps based on observational studies and need real-time research-backed results to reach a conclusion.

Researchers are still trying to calculate the actual benefits and demerits of cannabis products. However, the big industry players are benefitting a lot even now. Reason being high prices imposed on the legalized product in order to maintain customer dosage.

The cannabis tycoon Curaleaf is positive about the future prospects of the cannabis industry. They are putting great effort and investment to be productive likewise.

Cannabis Health Insider

Source link