$18.5 billion less for Big Pharma if all 50 states legalize medical cannabis: Study shows

$18.5 billion less for Big Pharma if all 50 states legalize medical cannabis: Study shows by  – Health Nut News

TDC Note – This is whole problem with the legalization / decriminalization of marijuana – the giant multi-nationals will be kicked in the profits – HARD. Their pain meds, diabetes meds, high blood pressure meds ALL GONE!

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The impending legalization of cannabis has the pharmaceutical industry in a tizzy; a recent study “From Prescription to Recommendation: How Cannabis Could Disrupt the Pharmaceutical Industry”, found that “if medical cannabis were legalized in all 50 states, the expenditures by pharmaceutical companies on the top nine conditions commonly treated by medical marijuana could plummet by as much as $18.5 billion between 2016 and 2019.” 1

That’s a lot of lost profits.

“According to Giadha Aguirre De Carcer, CEO and founder of New Frontier Data, 35% of the global pharmaceutical market comes from the United States. In addition to being the largest market in the world as well as a major driver of the U.S. economy, it’s just one of a number of industries that will be impacted by the already flourishing legal cannabis market.”2

It stands to reason that if cannabis became legal- nationwide- that many patients would choose it instead of traditional pharmaceuticals (or perhaps add it to the use of traditional drugs and thereby, use less).

So, what are the conditions most effectively treated by medical cannabis?3

  • chronic pain
  • post-traumatic stress disorder
  • sleep disorders
  • anxiety
  • nerve pain
  • chemotherapy-induced nausea and vomiting (CINV)
  • Tourette syndrome
  • glaucoma
  • and seizures/epilepsy

New Frontier Data analysts estimated the total decrease in monies to Big Pharma, should the magical plant become legal and “factored in the decrease to the total dollar amount for expenditures in the U.S.”4 on the treatments for the conditions mentioned above and according to their findings cannabis and related products could replace $4.4 to $4.9 billion per year on Big Pharma treatments.

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Erin Elizabeth

Erin Elizabeth is a long time activist with a passion for the healing arts, working in that arena for a quarter century. Her site HealthNutNews.com is less than 2 years old but has already cracked the top 20 Natural Health sites worldwide. She is an author, public speaker, and has recently done some TV and film programs for some of her original work which have attracted international media coverage. You can get Erin’s free e-book here and also watch a short documentary on how she overcame vaccine injuries, Lyme disease, significant weight gain, and more. Follow Erin on Facebook, Twitter, and Instagram.